Posts Tagged ‘unemployment’
The sad truth in the USA, as we explained in great detail here, incentives to ‘work’ are increasingly non-existent. Thanks to a never-ending stream of benefits from the great and powerful Oz, as CNBC’s Rick Santelli notes, Disability payments (of which there are 14 million people covered in the US - none of which count towards the unemployment rate) pay around $13,000 per year (versus $15,000 for minimum wage work). However, Santelli exclaims, the people on disability get healthcare; and this program costs the US $300 billion per year. Is it any wonder that only 1% of those who were on disability in Q1 2011 have left? Santelli comments, “I’m not saying there aren’t people that are on disability that shouldn’t be, but much of it is illnesses like back pain… it’s a judgment call,” adding that, “without incentives, large issues go …totally unfixed.”
Always ask The Magic Question: What gets rewarded?
Remember one year ago, when President Obama was claiming that unless Republicans again renewed the temporary, extra-long unemployment benefits enacted in the depths of the recession, the economy would suffer?
Remember how his advisers claimed that if Congress let unemployment benefits return to normal, 240,000 jobs would be lost, and how a New York Times columnist claimed it was because Republicans liked to “afflict the afflicted”?
Republicans did not heed the president. The unprecedented 99 weeks of extended benefits expired. Unemployment benefits returned to normal.
And last week, President Obama was declaring 2014 “a breakthrough year for America.” Remember that?
A groundbreaking new study explains why it was such a good year, Investors Business Daily reports: It was because Republicans ignored Obama’s advice, as 60% of the jobs gained last year were due to the cutoff of extended unemployment benefits.
I’ve said as much, but now others are saying so, too. . . .
Read more by Sen. Ron Johnson at RonJohnson.senate.gov
It’s one of the most fundamental political questions of our time: What’s driving the growth in government spending? And it has a relatively straightforward answer: first and foremost, spending on health care through Medicare and Medicaid, and other major social insurance and entitlement programs.
But I thought it was worth reviewing the evidence in a bit more detail. There are a few surprises along the way, some of which liberal readers might like and others of which will please conservative readers.
The Web site usgovernmentspending.com has an abundance of data on federal, state and local spending at different points in time. My focus will be on how government has been spending its money in the present and the past, rather than evaluating any future budgets or projections.
Read more by NATE SILVER at fivethirtyeight.blogs.nytimes.com
Take a look at our comprehensive plan for the next four years called “Continuing Wisconsin’s Comeback.” This plan is built to provide greater prosperity for all. Over the next four years, we want to help people keep more of their paychecks, we want to help people learn more to earn more through increased investments in worker training and by freezing tuition, and we want to move people from government dependence to true independence.
If re-elected, I will:
- Cut property taxes so the levy on a typical home in 2018 is lower than it was in 2010.
- Reduce income taxes so they are lower in 2018 than they are today.
- Provide tax relief for manufacturing and agriculture.
- Fight Obamacare, which is raising health insurance premiums for many in Wisconsin.
- Expand worker training investments.
- Freeze technical college tuition and continue the UW System tuition freeze.
- Establish accountability measures for all schools receiving public funding.
- Establish high standards for students at the local and state level as an alternative to measures set by people outside of Wisconsin.
- Put common sense limits on the time able-bodied, working age childless adults can be on public assistance.
- Require drug testing for those requesting unemployment and able-bodied, working age adults requesting food stamps from the state.
- Require working-age childless adults receiving food stamps or unemployment benefits participate in employment training or part-time work.
Wisconsin is on a comeback and the future is bright and getting brighter every day. We are better off than we were four years ago and if we continue on this path we will be better off four years from now. Let’s not bring back the days of double-digit tax increases, multi-billion dollar budget deficits, and massive job loss.
Part of his series on Making Sen$e of financial news, Paul Solman has been showcasing the future of technology from a recent conference run by a California think tank — things such as 3-D printing of prosthetic legs and iPhone heart tests. But the conference also resurfaced an age-old question about the future of human workers.
For more coverage, visit the PBS NewsHour website: http://to.pbs.org/KmnmYD
Democrats throw black voters under the bus.
One of the sleeper issues surrounding the debate on amnesty for illegal immigrants – an inconvenient one that no proponent of a widespread amnesty wishes to acknowledge – is the devastating effect so-called immigration reform will have on African Americans.
The black unemployment rate is almost 11 percent, far higher than that of any other group profiled by labor statistics. African Americans are disproportionately employed in lower-skilled jobs – the very same jobs immigrants take. As Steven Camarota asked in a recent column, why double immigration when so many people already aren’t working?
Who will be harmed most by amnesty? African-Americans.
Read more by A. J. Delgado at NationalReview.com
I asked the same question in an update to Erika’s post on Barack Obama’s unilateral move to accommodate young illegal immigrants by refusing to deport them and issue them temporary work permits instead. With potentially as many as 800,000 new workers flooding into the system, what happens to the millions of Americans who can’t find work now? The Washington Post wonders the same thing, and more:
Read more by Ed Morrissey at HotAir.com, June 16, 2012
Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened.
The rebound from the worst recession since the 1930s has generated relatively few of the moderately skilled jobs that once supported the middle class, tightening the financial squeeze on many Americans, even those who are employed.
“It started long before Obama, but he hasn’t done anything,” said John Forsyth, 58, a railroad-car inspector and political independent from Lebanon, Ohio. “He kept pushing this change, change, change, and he hasn’t done anything.”
Underlying the erosion of the middle class, defined by some economists as the middle 60 percent of income earners, are trends that stretch back decades, including competition from lower-wage workers overseas and technological advances that allow factories and offices to produce more with less labor.
Read more By Mike Dorning at Bloomberg.com from 2012.
While the president has been urging “insourcing,” the government has been sending money to the Philippines to train foreign workers for jobs in English-speaking call centers.
According to New York Democratic Rep. Tim Bishop and North Carolina Republican Rep. Walter Jones, this is unacceptable and “shocking.”
The pair are calling on the United States Agency for International Development (USAID) to immediately suspend what is known as the Job Enabling English Proficiency (JEEP) program.
According to Jones’ office, in 2010, after the two men compelled USAID to end a similar training program in Sri Lanka, the agency assured the congressmen that they would “conduct a review to ensure the project will not take any jobs away from Americans.”
Read more By Caroline May at The Daily Caller
Call it the million-worker mystery.
A large chunk of American adults are no longer in the labor force. That has left economists divided over how many of them are voluntarily not working-or even looking for work-because they wanted to retire, go to school or take care of family members, versus how many have been forced out because they couldn’t find a job.
Read more by Allison Linn at CNBC.com
In 2008, he seemed like the coolest cat to hit the national scene in a long time, almost scientifically engineered to appeal to idealistic young Americans. How times have changed.
It’s like totally official, now, bro: Even the young Americans who were central to Barack Obama’s election in 2008 and 2012 are sick of the president, with a large and growing majority disapproving of the job he’s doing. In this, they’re just like their elders.
Read more by Nick Gillespie at TheDailyBeast.com
This is sheer madness. the people that are already citizens will be put on the back burner for US businesses that are at least 50+ to choose illegals over the citizens. Basically if you hire a citizen over one of the new 11 million legalized you (the business owner) will be penalized $5000 per head!
The Obama administration continues to discount the huge impact its health overhaul law is having in turning America into a part-time nation, calling reports anecdotal and not based on complete data.
To paraphrase Groucho Marx: Who are you going to believe? Me, or your own eyes?
An avalanche of “anecdotes” continues to pile up as workers across the country are having their hours cut and their health benefits slashed across a broad range of industries.
Read more by Grace-Marie Turner at Forbes.com