The Erin Hart Show - Listener Forum

jsamantha
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The people are busy talking about deficits and debts. But the real crisis that can cripple America’s economy and its society, and make the debts problem much, much worst is its unemployment or America’s job crisis. The number of Americans who are unemployed has doubled since the financial crisis. For no new jobs were added to the US work force; thus fuelling fears that the world’s largest economy is heading back into recession, since it formally ended last June 2009.
US economy needs to add around 150,000 to 200,000 new jobs each month to bring the jobless rate down. But it remains at 9.2% as of last month. It only added 18,000 jobs last month, less than a tenth of what you would expect in a normal recovery.

Most new jobs are of part time work at wages averages $19,000 that is half the medium income. The official unemployment number does not include the millions who stop looking for work, or are working part time. So, if you add these numbers together the actual numbers of Americans without a full time job is closer to 24 million.

Two years into the recovery, growth is stock to about 2%. And job creation has reach around 200,000 a month which is barely enough to keep pace for all the new workers entering the job market for the first time. If unemployment doesn’t drop a great deal fast and it shows no signs of doing this, problems proliferate in all directions. The most significant impact is in the lives of the unemployed, studies show that after a few years of not working people loss their skills, talent, the work habits to make it possible for them to work productively and to be productive citizen. The new normal slow of growth, lower of job creation also means lower tax revenues, more unemployment and health benefits to be paid up, therefore a much larger deficit.

So, what to do? Well, there are several things we could do to spur job creation. But, briefly create a regulatory and tax climate that helps small businesses since they create most of the new jobs. Revive manufacturing by focusing on research, technical training and apprenticeship. Help growth industries, like entertainment and tourism to expand. And perhaps most urgently rebuild America’s dilapidated infrastructure and put millions of people into construction and housing industries back to work. The crucial point here is that, if you care about America’s economy including its deficit, we need to get people back to work, being productive, spending money, pay taxes, and we need to do this fast.

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Posted Jan 7, 2012, 11:22 pm

mrgeorge
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nice thread thanx for it


Posted Jan 12, 2012, 1:30 pm

Lester65Rodriguez
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If unemployment doesn’t drop a great deal fast and it shows no signs of doing this, problems proliferate in all directions. The most significant impact is in the lives of the unemployed, studies show that after a few years of not working people loss their skills, talent, the work habits to make it possible for them to work productively and to be productive citizen.

Thanks,
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Posted Jan 13, 2012, 7:09 pm	Last edited Jan 13, 2012, 7:09 pm by Lester65Rodriguez