Hanna wrote:Seems that many business owners, holding on hiring with the hope that higher unemployment would defeat Obama now accepted the results of the elections
Hanna wrote:Seems that many business owners, holding on hiring with the hope that higher unemployment would defeat Obama now accepted the results of the elections)
Wabash wrote:Interesting that conservatives never seem to blame Obama for good economic news.
not4u13 wrote:Watched 60 minutes last night. The segment on technology talked about why this recovery is different than in the past. Many indicators are that business is back, except they are not hiring at the rates that the recovery of business suggests they should be. The reason? Technology has replaced many of the jobs. Not like before where the jobs shifted.
Interestingly the greater use of robotics cold make it cost effective to bring manufacturing back onshore. The cost per hour to operate and maintain complex robotics is dropping and is starting to approach the wages earned in China and India.
Look around you. Everywhere we go we interact less and less with humans. When was the last time you went into a bank and talked to a person? Self checkout in supermarkets, kiosks in airports, etc. They showed robots in hospitals delivery meals, mail, drugs and other things. Many of these technologies have been around for a long time but are now becoming even more capable and cost effective, meaning businesses can now grow without necessarily having to do any hiring.
I spoke to two people at my bank today. I do on a weekly basis. I only use the ATM when I can't get cash any other way.
The other side of robotics is that it can skyrocket productivity, but you have to be ahead of the learning curve to get those jobs. The jobs of the simple laborer are going if not gone. It is up to each and every person to educate themselves to get these jobs.
Red wrote:I bet the dnc finds a way to turn these robots into UNIONIZED "obots".
Hanna wrote:The epidemic of long-term unemployment, one of the most pernicious and persistent challenges bedeviling the U.S. economy, is finally showing signs of easing. The long-term unemployed—those out of work more than six months—made up 39.1% of all job seekers in December, according to the Labor Department, the first time that figure has dropped below 40% in more than three years.
About 800,000 workers want a job but have simply given up looking, and so are no longer even counted as unemployed. About 1.7 million people have joined the disability rolls since the recession began at the end of 2007, an increase of 24 percent, as workers use the disability program as a backdoor safety net when their unemployment insurance runs out. After searching for a new position for a year, a worker trying to regain employment finds that his chance to do so in the coming month falls below 10 percent.
http://www.nytimes.com/2012/11/02/busin ... d=all&_r=0
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