Heads you lose, tails I win...the US employment scenario
By vanny
@vandana7 (99009)
India
November 3, 2018 12:17pm CST
Funny ..you would think that now that Donald Thump has managed to stop jobs remaining outside the country, Americans would be employed well, and everything would soon resolve.
Unfortunately, it mays not work that way. There are reasons for it. One simple reason is pay scales are higher in the US because higher cost of living. Therefore, the business enterprises would not remain as profitable as they were earlier. This means lower taxes, lower taxes means less money available for social expenditure. Lower social expenditure means demand for higher wages to provide for those medical expenses, education, etc. This is followed by bankruptcy of businesses resulting in unemployment. Back to square one!
Jobs need to return to the country and return as of yesterday. But slowly and selectively. Eating too much too fast will give gastritis to the economy.
What do you think about Donald Trump and his economic measures?
5 people like this
4 responses
@andriaperry (116860)
• Anniston, Alabama
3 Nov 18
I do remember when people worked and all the empty building were full daily.
I do remember when food stamps were used for emergencies, now they are a way of life.
I do remember when SS was for the old people and everyone else worked for money, now there are people who have never worked a day in their life, to scared seems to be the reason but why not be scared, just get a SSI.
I would love to see the business back and food stamps and SSI cut off unless you have a disability aka crippled, cancer etc.
People will work.
4 people like this
@vandana7 (99009)
• India
4 Nov 18
@db20747 Food stamps are a great feature at your end. Yes, they are for emergencies. But if there is a major national emergency like the one in 2008, which spread to subsequent years, would you all be able to survive four to five years of depression, with such stamps. I am for using discretion in employing foreigners. I also agree with trump on too many people entering the country and getting citizenship by birth or by marriage. They have used a loophole so they need to be restrained. As far as farmers needing laborers, there is possibility of getting labor on contract basis, with onus on farmers to see that they leave the country on completion of job. Contract basis jobs need not offer the same scale of pay as those applicable to other citizens of the country.
2 people like this
@everwonderwhy (6697)
•
4 Nov 18
Looks like that this non-political successful savvy billionaire's strategy on business, finance and prosperity seem to be working well for Americans, just as he promised. And he doesn't get the presidential pay for the hard work he's been doing.
2 people like this
@everwonderwhy (6697)
•
4 Nov 18
@vandana7 Looking great, so far, since he became President.
2 people like this
@vandana7 (99009)
• India
4 Nov 18
@everwonderwhy Yeah..first two to three years would be great till suddenly the reserves seem lower. Testing a medicine before releasing it in the market is the way prescribed. I agree that jobs should not have left the shores. And even if it seemed worthwhile, there should be conditions like reduce your population by this much percentage, jobs can't be coming your way forever.
The kind of exports America has make it vulnerable to currency volatility in future based on current policies. For example, computers and cell phones, people can opt for alternate makes, or forego buying and make do with existing ones. Software too there are alternatives though it would still be fetching. Arms deals will go to other country and that is big ticket export. I predict that when fed increases rates and simultaneously American companies stop their operations abroad, there will be no monies left outside suddenly to import American software and computers. Therefore, hardware companies are in for almost a nose dive. Likewise, automobile industry. People can live without cars, especially in developing and under developed worlds. That will affect oil exports as well. With exports down the value of dollar would crumble like pack of cards. A balance needs to be made, and any shift should be gradual and find compensatory balance before the next round. At least I feel that way and so I predict that today 1 dollar is equal to 73 INR plus, but in about two to three years, it would be 1 dollar is equal to 55 to 60 INR.
2 people like this
@ptrikha_2 (45576)
• India
3 Nov 18
Economics is tough, but I think Trump has not been wrong on many things. If Americans were losing jobs and things were bad for them, he was expected to take some measures.
Yes demonizing everyone from outside US (except for a few) does not always work, and one always needs to work with a balanced view.
1 person likes this
@vandana7 (99009)
• India
4 Nov 18
He does have American interest in his heart, which is good for America. He needs to take back the jobs, no doubt about it. Too many Americans are suffering. But the way he has gone about it makes me skeptical. He needs to check whether there is enough money to pay the salaries, and have sustainable system that will bring in taxes for social expenses. I feel dollar is headed towards 60 or so in two years or so. Beyond that, may be even 50.
1 person likes this
@vandana7 (99009)
• India
4 Nov 18
To be fair, he does have his heart in right place as far as Americans are concerned. But he is handling a much bigger economy here than his business. Any wrong move, he will drown and so will the country. No amount of deliberation is going to be little in this case. I think he needed to go the slow and steady way.
1 person likes this
