What could be done to create large scale employment?

We have to sop thinking we should get raises. Be thankful for what we have. Don't "squander" your money. Do you really need a 600 dollar iPad, or will a 150 dollar Pandigital suffice? Vacation closer to home. Buy from Mom and Pop stores. Conserve water...large scale employment as we have known it in the past is exactly that...in the past. Tighten your belts, cut up your credit cards and save all you can, but be ready for a financial crisis to hit the world sometime in the next 3 to 5 years. If you are not prepared, it will be your fault, not the government.

 

That would depend on whether you deserve a raise. If you do, then demand one.

That will slow the circulation of labor which could reduce private sector employment, but I don't even think that would be necessary if it weren't for Big Wig Corporations using slave labor in nations that don't allow unions, as well as excessive and wasteful government spending.

 

Raises will matter little when banks collapse. The Euro is ready to crumble and we owe more than we can pay. Stop thinking like we still live in the 60's and 70's and prepare for issues you have only read about up until now. The government is hiding important information from us and it has to do with the value of our currency for one. What good is a dollar raise when gas hits 5-10 dollars a gallon?

 

yeah..you still support Big Fossil Fuel, do you?

 

I think the average American will revolt and take what they want from the rich LONG before they agree to their jobs only paying 1.00 a day. Many of us Americans are fickle, petty, and sore losers. I believe that if you try to take the average American down, they will do all in their power to take as many of you down with them as they can.

And those poor Americans greatly outnumber the rich. So why would you suggest something so extreme and radical? Do you think you can fight them all and win?

Thank you for your time.

 

To keep the poor folks out, no doubt. When market value falls to the point that poor people can qualify and afford those houses, it becomes time to kill the market.

 

...and you don't? You don't drive to the grocery store to get your food. You must walk to your vacations and never fly or drive or take a train. You must not buy clothes because God forbid a truck brought them to the store you don't drive to. You don't watch tv because coal might be powering your electric company. get real...we all rely on that for now and no one has come up with a viable and affordable alternative even though we need one.

 

You mean, Big Fossil Fuel and their funding of Republican politicians has not allowed us to progress past fossil fuels, yet. Well, market forces will bend even The Establishment whenever fossil fuels become uneconomically expensive. So hahaha.

 

Socialize all commerce within the United States. Greed is what destroys good nations.

 

I been hearing that for the better part of a decade already.

 

So ignore it...you know best what is best for you.

 

If it goes as bad as you think it will, your money won't buy you anything. So saving your pennies is fruitless.

 

It's not to keep poor people out, it's a matter of supply and demand. Just like the ghost cities in China, the US built WAY too many houses during the Clinton and Bush years (I helped build them). The housing market was a bubble caused by state regulation and easy money... unfortunately, the housing market has not yet finished crashing.

 

Why does it seem that the private sector does not really know what to do with easy money, easy sex, or easy morals?

 

The public sector has no clue either... and they're the one's that created the easy money.

 

Actually, our situation is a lot better than Greece's. We were financially better off both before and after the crisis, we print out own money and our economy doesn't primarily depend on tourism.

 

Americans don't want to work crap jobs for no pay. Crack down on businesses that employ undocumented workers and you'll see wages rise high enough to attract citizens.

 

The idea is that a large temporary stimulus should stimulate enough activity in the rest of the economy that non-stimulus activities will overtake stimulus spending within a few years. What that ends up being isn't important; businesses will figure out what products and services will make them money and they'll produce them.

 

Yes, the government did all of those things... because that's what Corporate America wanted. As long as corporations get politicians elected, government actions will always be reflect corporate interests.

 

What akphidelt2007 said.

BTW, it turns out that we need to repair our failing infrastructure regardless of what the economy looks like. Why not kill two birds with one stone?

URL: http://www.infrastructurereportcard.org/

 

If the government pays someone to perform work, then the government has created a job.

By the way, I should point out that jobs in the private sector are increasingly temporary, so there's really no downside (in terms of stability) to creating temporary government jobs.

 

Obama's stimulus plan was cancelled out by cuts in state and local government spending, so the total effect was zero. This was better than having lower aggregate demand, but a zero net stimulus just can't create jobs.

Also, cutting taxes is less effective than spending more money. When the rich keep more of their money, they save much of it instead of spending it. When the poor have more money they spend it, but since they pay so little in taxes, tax cuts don't give them much more money to work with.

What does work is employing the unemployed. Failing that, reducing layoffs helps. Failing that, unemployment insurance helps. Failing that, we're reduced to the charity of rich people on the edge of higher tax brackets.

 

Strictly speaking, it was financial deregulation that allowed this crisis (and most crises since the Great Depression) to occur in the first place. Also, the U.S. was very prosperous during the 50s and 60s, when both regulations and taxes were high.

 

Actually, most have been caused by asset bubbles. Once the asset devalues, all heck breaks loose.

 

A massive buy American campaign. Tell people to buy American even if it costs 5, 10, 15% more. There should be a transparent system for labeling American sourced and made products. There should also be a transparent system for being able to tell which companies are American owned and reinvest in America. We should also know which companies keep money in the Cayman Islands or Swiss Bank accounts so we can avoid them.