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Let the good times roll again! -- 274,000 new jobs
Originally posted by DanS
Surely, you can't object to that...
Nope, not at all.
"In Italy for 30 years under the Borgias, they had warfare, terror, murder and bloodshed. But they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland, they had brotherly love. They had 500 years of democracy and peace. And what did that produce? The cuckoo clock."
—Orson Welles as Harry Lime
The beneficence flowing from my threads is free for all!
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
Yes, AFAIK (and as far as I can search). A job is a job. So, for instance, those 200,000 or so H1B visaholders at the end of last decade that presumably left the country, were counted in the job loss. Well, that also assumes that their jobs vanished rather than being given to others.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
Originally posted by DanS
Yes. A job is a job. So, for instance, those 200,000 or so H1B visaholders at the end of last decade that presumably left the country, were counted in the job loss.
You think H1B visa holders leave the country when their visas expire? You're so cute.
"I have as much authority as the pope. I just don't have as many people who believe it." — George Carlin
These are the kinds of points that I'm making to Colon. Indeed, many of them may have left, considering the job market was really bad in Silicon Valley for a couple years. But the government is the last to know, or at least the last to tell.
The reason why I follow the payroll numbers most closely is that the people who break the law shouldn't impact the numbers. For instance, if an illegal immigrant purchases a fake social security identity to get a job and if they go on to get a job, they will be counted as a jobholder. So long as the feds are getting their payroll taxes, it shows up in the payroll numbers.
For the numbers regarding people available to the job market, those are only tightened up once every 10 years. Placing faith in our government's ability and willingness to track a transient and illegal population seems like a fool's game to me.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
Then at a minimum, you must rely on a whole cycle and not just part of a cycle.
Dan, even you must admit that we are very well along in this cycle. Yet income keeps going down each year, the number of hours worked keeps going down, and average job creation is slower then just about any period in modern American history.
As I said earlier that doesn't mean everything is doom and gloom since there are brighter spots but continually claiming the good times are rolling is lame. Especially since it is clear that this are not the good times and are at best the average to sub average times.
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