The Jobless Summer - only 1 in 4 teens employed in US

Exactly.

......

 

http://blogs.wsj.com/washwire/2011/...+wsj/washwire/feed+(WSJ.com:+Washington+Wire)

And lets not forget all the studies showing how the failed policies of the liberals regarding minimum wages resulted in 75% unemployment of teens.

Facts are proof.

 

You're avoiding economics in order to give non-supported comment. You can do better

 

You've been ignoring economics this whole thread.

 

Whilst I love your attempt to refer to labour economics, I can't be pretending. You're going to ignore the basics. You're going to ignore dynamic monopsony reality

 

Yes, they certainly are. And these facts speak volumes as to your claim:


1) Deficit (On Budget)

1961-present

Total Democratic Budget Deficits: $1283.8 billion
Total Republican Budget Deficits: $5487.4 billion
Democratic Presidents’ deficits averaged 1.77% of GDP
Republican Presidents’ deficits averaged 3.42% of GDP

1981-present

Total Democratic Budget Deficits: $1004.4 billion
Total Republican Budget Deficits: $5280.1 billion
Democratic Presidents’ deficits averaged 2.06% of GDP
Republican Presidents’ deficits averaged 4.09% of GDP

1a) Deficit (total)

Since World War II

Total Democratic Budget Deficits: $625.1 billion
Total Republican Budget Deficits: $4040.7 billion
Democratic Presidents’ deficits averaged 1.2% of GDP
Republican Presidents’ deficits averaged 2% of GDP

1961-present

Total Democratic Budget Deficits: $608.2 billion
Total Republican Budget Deficits: $4013.2 billion
Democratic Presidents’ deficits averaged 1.21% of GDP
Republican Presidents’ deficits averaged 2.37% of GDP

1981-present

Total Democratic Budget Deficits: $320.3 billion
Total Republican Budget Deficits: $3819.3 billion
Democratic Presidents’ deficits averaged 0.76% of GDP
Republican Presidents’ deficits averaged 2.67% of GDP

2) GDP Growth

Since World War II

Average GDP growth per year under Democratic Presidents: 4.05%
Average GDP growth per year under Republican Presidents: 2.88%

1961-present

Average GDP growth per year under Democratic Presidents: 4.09%
Average GDP growth per year under Republican Presidents: 2.81%

1981-present

Average GDP growth per year under Democratic Presidents: 3.7%
Average GDP growth per year under Republican Presidents: 2.81%

3) Business Investment Growth

Since World War II

Average growth per year under Democratic Presidents: 7.08%
Average growth per year under Republican Presidents: 2.94%

1961-present

Average growth per year under Democratic Presidents: 7.2%
Average growth per year under Republican Presidents: 2.95%

1981-present

Average growth per year under Democratic Presidents: 9.85%
Average growth per year under Republican Presidents: 2.29%

4) Unemployment

Since World War II

Average unemployment per year during Democratic Presidents: 5.03%
Average unemployment per year during Republican Presidents: 5.93%

1961-present

Average unemployment per year during Democratic Presidents: 5.33%
Average unemployment per year during Republican Presidents: 6.24%

1981-present

Average unemployment per year during Democratic Presidents: 5.20%
Average unemployment per year during Republican Presidents: 6.41%

5) Growth in Jobs

Since World War II

Average yearly growth in jobs under Democratic Presidents: 2,082,000
Average yearly growth in jobs under Republican Presidents: 1,167,000
Average yearly percent growth in jobs under Democratic Presidents: 2.67%
Average yearly percent growth in jobs under Republican Presidents: 1.36%

1961-present

Average yearly growth in jobs under Democratic Presidents: 2,391,000
Average yearly growth in jobs under Republican Presidents: 1,307,000
Average yearly percent growth in jobs under Democratic Presidents: 2.69%
Average yearly percent growth in jobs under Republican Presidents: 1.39%

1981-present

Average yearly growth in jobs under Democratic Presidents: 2,884,000
Average yearly growth in jobs under Republican Presidents: 1,253,000
Average yearly percent growth in jobs under Democratic Presidents: 2.37%
Average yearly percent growth in jobs under Republican Presidents: 1.17%

6) Growth in Pay

Since World War II

Average yearly growth in weekly earnings under Democratic Presidents: 0.83%
Average yearly growth in weekly earnings under Republican Presidents: 0.408%

1961-present

Average yearly growth in weekly earnings under Democratic Presidents: 0.48%
Average yearly growth in weekly earnings under Republican Presidents: -0.30%

1981-present

Average yearly growth in weekly earnings under Democratic Presidents: 0.84%
Average yearly growth in weekly earnings under Republican Presidents: -0.34%

http://www.presidentialdata.org/presidential_comparisons.htm

 

Facts, properly interpreted and with applied logic can prove a lot of things.
Ideological rants prove nothing.

When I was a kid, the minimum wage went from $1 to $1.25, signed into law by President Kennedy. Self Described Conservatives assured us that high unemployment would follow.

They were wrong.

Oh, and $1.25 back in the early '60s would have bought 5 gallons of gas, 25 candy bars, 12 Coca Colas with 5 cents left, or probably a lot of other things that kids weren't interested in buying. Figure up the cost of any one of the above in today's dollars, then compare it to the current minimum wage.

 

Where exactly do these statistics come from? How do they develop their data? I see no sources, no sites, footnotes, nothing. Couldn't help but notice their mission statement on the other hand:

Nothing "non-partisan" about that study.

 

they'll take the dropouts... most of the "spoiled brats" are too spoiled to need or want a job.

also those places go through so many employees, and don't really have their pick of the crop. They get who they can get.

 

They do get what they pay for.

 

The real issue is why the US provides so many low paid jobs and, unlike other countries, provides so little upskilling. Reference to labour supply issues, without explaining those drastic labour market limitations, isn't going to be particularly useful.

 

As more older people continue working, fewer jobs for younger set...

A jobs pinch for the ages
21 July`11 - As older workers stay in place, younger aspirants struggle to break in

 

A lot of those older workers stay on in order to keep their health insurance.

 

Given the increase in life expectancy (although the US may fall behind if she carries on with such outrageously high amenable mortality rates), working longer is a must. That shouldn't impact on youngsters in an efficient labour market. Unfortunately the US has too much reliance on low wage labour, leaving a lucky few access to internal labour markets characterised by finding means to avoid the terrors of supply and demand

 

Yes, it should be obvious to everyone that price controls create gluts and shortages. When you have a price floor for the price of labor, you get a glut of labor. It's blatantly obvious. But some people will cook up any lame excuse to support their pet positions.

 

You'd have a point if the labour market operated like some mythical textbook world. It doesn't. That firms face upward sloping labour supply schedules is a matter of fact. That firms therefore have wage making powers is also therefore obvious. That destroys your whole argument over price controls. You just don't appreciate it as you don't understand supply and demand

 

Maybe.

Just.

Maybe.

If.

We.

Didn't.

Outsource.

Everything.

To.

China.

India.

Thailand.

And.

Mexico.

We'd.

Be.

Able.

To.

Hire.

More.

U.S.

Teens.

And.

Other.

People.

Who.

Are.

Financially.

Starting.

Out.


GEEEE DERP DE DERP, WHOLDA THUNK IT!??!?! IT ALMOST MAKES TOO MUCH SENSE?!!!!? DERP DE DERP!!!!

My (*)(*)(*)(*)ing God. When will people open their (*)(*)(*)(*)ing eyes?

 

What are US imports as % of GDP?

 

I do know that literally tens, if not hundreds, of millions of U.S. jobs go to illegal Mexicans in this very country and China and India etc.; basically, poor people from around the world are sapping jobs out of this nation that could be given to our own citizens.

The problem with this is that those countries are at fault for outreproducing themselves to the extent where there is such a resource scarcity in their own nations, to where they need to take jobs away from prosperous nations.

That's what I know.

 

I just don't know if you're being serious

 

Generally, it doesn't make sense to create jobs in America. It's come to that.

At the present rate a significant percentage of these American kids don't have much of a future compared to their predecessors.

 

Gee

Ya

Think?

I'm

pretty

sure

you're

right

about

that.

 

I can do research to give exact figures on it, but it's definitely over 10 million, that's for sure.

Seriously, OPEN your (*)(*)(*)(*)ing EYES, you (*)(*)(*)(*)ing delusional (*)(*)(*)(*). HOW many times do you see jobs that are taken by Mexicans that don't even speak English? Hell, I see it ALL the TIME around here, and Mexicans don't make up a significant proportion of legal citizens here! All kinds of fast food restaurants and lawn care and delivery services are taken up by Mexicans that have thick accents, which means they're probably not from here. They're simply willing to work long ass hours for nothing and starve out everyone else.

The truth is, it all boils down to people from poorer nations not willing to salvage their own economy that way they don't have to flee their country and take jobs from everyone living in more prosperous nations.

 

Which is because foreigners have outreproduced themselves to the extent where they can't afford to do anything except take jobs from more prosperous nations.

It needs to stop.