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Just another reminder the US economy is already in a depression. A special thanks goes out to all illegals, robots, fembots, and corporations that moved their operations to Asia. Now is a good time to be self employed.

Hires To Job Openings Ratio
http://www.zerohedge.com/news/2015-08-1 ... ning-there

The job market hasn't really recovered
http://www.businessinsider.com/the-job- ... red-2015-8

The real problem isnt jobs. It is actually a contraction of the money supply. Sure they are printing money, which in theory would lead to inflation. But actually the opposite is happening. That is because money must first be distributed by the banking system. The banking system is not lending to individuals and small businesses. Therefore the money supply is actually contracting. Less people have money to buy things. Less companies have money to pay employees. That's because the pump has been shut off, unless you are another bank or a mega corporation.

If banks ever start lending again, then the economy will come back.

That's not true Adama.

That's not true Adama, money in the system is a major necessity but if all the drivers have been taken out of the economy then there is no foundation to build a economy upon. What you are saying was correct for the great depression of the thirties. If there is no real capital in the system and big gov stifles this as they are then money alone will not do it. The economy now is based on consumerism made possible by the petro $ which will be ending shortly.

You can give all the fiat capital in the world to a country who has no resources or skills and no wealth or economy will be generated.

America is a cooked goose and the real problem in getting it going in the future is not the money primarily but daa stupidity of daa herd to comprehend how a robust economy should function with a honest money system.

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Ghost wrote:If we just got women out of the workforce, we could virtually solve the unemployment problem overnight. That alone would be a semi-return to the 'good ol' days,' when men had their pick of jobs and were needed and wanted by companies.

Or at least brought the male producer jobs back which the gals can't do which is a lot of them.

There are plenty of jobs, just a shortage of people with the right skills. The real problem is people want to be actors and celebs, not paramedics (400 needed in London NOW) or programmers (I had to turn down interviews because I couldn't be in 3 places at once).

xiongmao wrote:There are plenty of jobs

No there are not. It is a simple mathematical fact that there are more unemployed people than jobs.

just a shortage of people with the right skills

Oh well then, employers must be really throwing huge amounts of money into training. Wait, they are not? So there really is no shortage then, is there? Employers just expect whatever amount of people with whatever skills prepared to work for whatever wage to magically appear like toads after a rainstorm whenever they want and are miffed whenever this doesn't immediately happen, although tragically it does happen before too long. This mentality is the result of a labor and skill surplus. Saying there is a shortage of skilled workers is like saying there is a shortage of Ferraris because no-one will sell me one for $10.

The real problem is people want to be actors and celebs, not paramedics (400 needed in London NOW)

So you are saying that in a city of what, 10 to 20 million people, they fall short by a few hundred, probably because of poor planning which will be easily corrected in a month or so (or at least could be if the system weren't so f***ed), and you are concluding that there is a shortage of labor? You must have a brain the size of a walnut. Here people are prepared to work for years as a voluntary paramedic in their spare time for just a chance to do it for a job. There is no shortage of these skills or the willingness to acquire them.

There are multiple causes for this. Two categories we can separate things into are short term and long term.

Over the longer term, the US economy is declining because of the offshoring of jobs, the influx of low paid workers, and corporate greed (they simply refuse to pay wages to keep up with inflation).

Then there are more immediate causes. Say the banks stop lending. That will have a very profound and immediate impact. Jobs will be lost.

Back starting 2007, banks began to lend to fewer customers. This decreased the money supply, which decreased the availability of money, which means less money to pay employees and less money to purchase goods and services with. If the banks resumed lending as they had previously, the monetary supply would increase, giving more people access to more money to spend. That will happen because there are still service jobs in the economy even though we are losing manufacturing jobs.

Will the economy continue to grind to a halt regardless due to offshoring of jobs? Yes. Could we still have a good economy right now even despite that? Yes, because 2001-2007 we were doing just that, despite all the jobs that had already been lost and were being lost due to offshoring of manufacturing jobs. There are still service jobs within the economy. The value of the money would decrease though, but that happens no matter what.

In other words, the offshoring of jobs has a slower, less noticeable impact, while decreasing the money supply has an instantaneous, deep and overwhelming impact.