Unemployment, Amazon wages

[Minimalist]

The more important question is "what kind of jobs?"  The Orange Shitgibbon claimed he'd be bringing high-wage manufacturing jobs BACK from China.  Where are they?

https://theoutline.com/post/6331/million...i=r7c3vokk

On top of it all, according to the Congressional Research Service, the government’s non-partisan think tank, ever since the Great Recession, the types of jobs being made available don’t present a particularly rosy picture. “Employment growth since 2007,” writes Sarah Donovan of the CRS, “has been concentrated in certain occupations with low median wages [...] and high median wages [...], while the decline in employment share has been concentrated in certain middle-wage occupations” such as “production, office and administrative support, and construction” labor. Young people and African-Americans have both struggled to find work, while Hispanic workers are inordinately concentrated in low-wage positions. It’s almost like America’s post-recession economic boom is a sham that’s had the effect of widening the gap between rich and poor and concentrating wealth among a small number of old white dudes! Oh wait, that’s precisely what’s happening here.

All of which is in keeping with basic republicunt philosophy:  I've Got Mine So Fuck You.

[Angrboda]

These young immigrants are stranded at the junction of several forces: the Trump administration’s determination to discourage immigrants from trying to cross the border; the continuing flow of children journeying by themselves from Central America; the lingering effects of last summer’s family-separation crisis at the border; and a new government policy that has made it much more difficult for relatives to claim children from federal custody.

At the moment, the government’s rolls include hundreds of children in shelters and temporary foster care programs who were taken from an adult at the border, whether a parent, grandparent or some other companion. About 13,000 children who came to the United States on their own were being held in federally contracted shelters this month, more than five times the number in May 2017.

All of which means there are more children showing up more often to federal immigration courtrooms like Judge Zagzoug’s, at hearings that could determine whether they will be deported, reunited with their parents, or granted the asylum that their parents desperately want for them. They often sit at counsel tables alone, unaccompanied by any family and sometimes without even a lawyer.

(NY Times)

MAGA baby!

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The Trump tax cuts are a lot like Trump University: nowhere near what he promised, for very obvious reasons.

In this case, President Trump has said that his recently passed plan to allow companies to move any future foreign profits back to the United States without being subject to U.S. taxes, and move back any past profits while facing only a nominal tax, will unleash a flood of money into the country.

“We expect to have in excess of $4 trillion brought back very shortly,” he told a group of business leaders in August, and in all likelihood something “close to $5 trillion.”

The only problem is that Trump’s claim shouldn’t be true, and so far, it hasn’t been. The Wall Street Journal estimates that the nation’s biggest publicly traded companies have repatriated $143 billion this year, while the Federal Reserve puts the number at a slightly more than $300 billion. Whichever number is accurate, it’s 94 percent to 97 percent less than Trump predicted.

There’s a simple reason the Trump tax cuts haven’t inspired companies to move that much money to the United States: The money was already here. How is that possible when American companies were allegedly stashing $2.6 trillion overseas to avoid taxes?

The important thing to understand is that foreign profits were taxed when companies brought them back to the United States to put into their businesses but not when they brought them back to put into other things — which, of course, is exactly what cash-rich companies such as Apple did. Of the roughly $250 billion that the tech giant was supposedly holding overseas last year, about $208 billion was in U.S. Treasury bonds, corporate bonds, or Federal National Mortgage Association and Federal Home Loan Mortgage Corp. debt. And that’s pretty low, compared with Apple’s peers. The Brookings Institution estimates that the 15 American companies with the most cash on hand already held 95 percent of it within the United States even before the Trump tax cuts took effect.

(Washington Post)

MAGA Baby!

[Amarok]

alpha male Wrote
Lower taxes (Trump) and less burdensome regulation (Trump) --> greater investment in business --> more jobs --> lower unemployment --> employers forced to bid up wages 

But i guess Beta Fail needs to twist this news to reinforce his gospel of madness

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IDK why people still pretend that trickle down works.  Even the politicians who vote for it know that it doesn't.

And the Conservative reaction when you point that fact out 

[Minimalist]

I'll give Trump credit when he puts into law a nationwide minimum wage of $15 an hour.

But since he represents the greedy...

He's a total flip-flopper on that issue.

https://www.politifact.com/truth-o-meter...imum-wage/

His comments at the news conference seemed to embrace a national rise in the minimum wage -- specifically, he said, "The minimum wage has to go up. ... at least $10, but it has to go up." And he clarified that that meant, "federal."
That’s a clearer commitment to hiking the minimum wage for every American than Trump had made in his comments to Todd.
At the same time, though, Trump also said, "I think that states should really call the shot." This essentially kept Trump’s focus on the states acting on their own.
Trump’s apparent advocacy for a national $10 minimum wage in his Florida comments does go further than some of his other prior statements on the issue.
• In an interview with MSNBC in August 2015, Trump said, "Having a low minimum wage is not a bad thing for this country."
• During the Republican debate in Milwaukee in November 2015, Trump said wages are "too high" and, when asked whether he would raise the minimum wage, said, "I would not do it."

Oh course, one cannot dismiss the possibility that the dumb fuck can't remember what he said from one moment to the next.

[Seraphina]

I'm happy to see that Amazon is raising its wage floor to $15/hour. But I have to wonder if the people who are falling all over themselves to clap for Amazon are the same people who were bitching about California raising its minimum wage to $15/hour in step increases by 2022. I mean, I had working class friends - who will benefit from CA's wage increase - who were complaining about it. Basically spouting the same talking points they heard on tv and online. The loyalty to their conservative overlords is strong, I guess.

-Teresa

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Lower taxes (Trump) and less burdensome regulation (Trump) --> greater investment in business --> more jobs --> lower unemployment --> employers forced to bid up wages.

Except when companies elect to keep their profits for themselves - like paying their executives millions in compensation - instead of investing their capital. The ability of a business to invest is important but your link from greater investment in business to more jobs is often broken, unfortunately.

Your spending is my income and my spending is your income. But when it's all about garnering as much as possible for a select few, it's the working masses that lose out.

-Teresa

[Amarok]

Need i also point out Amazon is a legitimately evil company that treats it's works like shit so raising their wages is like giving table scraps to a dog someones just whipped.

[vulcanlogician]

This seems good to me.   I don't know why others are complaining, it's almost like they want failure (of the country).  And what is great about it, is it is not a forced action by the government, but a voluntary one by a company.

Also, I have been thinking about that slogan (MAGA).   I think it should just be Make America Great.   Constant improvement beyond whatever ones thoughts where before.
But some people seem to oppose this.

People are complaining because this was obvious conservative spin from Alpha, made complete with a "MAGA" thrown in at the end to bait us even more.

I personally hate the phrase "Make America Great Again." Anyone who loves American history knows what a load of horseshit this catchphrase is.

America started with some pretty high minded ideals... not to be some world superpower, but a republic of free people. Along the course of its own history, America challenged itself to see if it really lived up to those ideals. First, slavery had to go. Then oppression in the Jim Crow south. Moral victories such as those are the sort of things that truly make America great. What good does it do us to be a world superpower if we revert into a bunch of bigoted, fearful assholes who forget those high minded ideals upon which America was founded in the first place?

[Amarok]

RoadRunner79 Wrote:
This seems good to me.   I don't know why others are complaining, it's almost like they want failure (of the country).  And what is great about it, is it is not a forced action by the government, but a voluntary one by a company.

Also, I have been thinking about that slogan (MAGA).   I think it should just be Make America Great.   Constant improvement beyond whatever ones thoughts where before.
But some people seem to oppose this.

If you can't see  why people are pointing out the flaws in Beta's spin then i can't help you .

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This seems good to me.   I don't know why others are complaining, it's almost like they want failure (of the country).  And what is great about it, is it is not a forced action by the government, but a voluntary one by a company.

Also, I have been thinking about that slogan (MAGA).   I think it should just be Make America Great.   Constant improvement beyond whatever ones thoughts where before.
But some people seem to oppose this.

People are complaining because this was obvious conservative spin from Alpha, made complete with a "MAGA" thrown in at the end to bait us even more.

I personally hate the phrase "Make America Great Again." Anyone who loves American history knows what a load of horseshit this catchphrase is.

America started with some pretty high minded ideals... not to be some world superpower, but a republic of free people. Along the course of its own history, America challenged itself to see if it really lived up to those ideals. First, slavery had to go. Then oppression in the Jim Crow south. Moral victories such as those are the sort of things that truly make America great. What good does it do us to be a world superpower if we revert into a bunch of bigoted, fearful assholes who forget those high minded ideals upon which America was founded in the first place?

Indeed it's a regressive BS piece jingoist nonsense

[Amarok]

Lower taxes (Trump)

Which isn't what caused this nor do business invest or improve when given tax break that's Conservative mythology 

 less burdensome regulation (Trump) 

Which isn't what caused this nor do business invest or improve and just allows corporations to cut corners on safety and quality to save money at the top and there is no such thing as burdensome regulations that more conservative mythology 

greater investment in business 

Does not happen 

more jobs 

Does not happen 

 lower unemployment 

Does not happen 

 employers forced to bid up wages.

Does not happen 

[Fake Messiah]

Yay MAGA!