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    stock market recovered and growing, profits flowing
    but..
    unemployment UP to 9.8%! in usa . 1 in 10 can't get a job
    underemployment 17%

    It is obvious what is going on. When the recession hit the big companies got rid of people to save costs and told the people left to work longer hours to save their jobs , increasing productivity. Why would they start hiring again to pre recession levels ?

    This economic system is a total failure, and the politicians seem to be happy to prop it up, happy for millions and millions to be unemployed, happy for millions to be poor
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    Productivity hasn't gone up in America, its stayed constant through much of the recession implying that levels of employment are appropriate considering the current level of output. When demand picks up again the jobs will be created. The real puzzle is why businesses in much of Europe are willing to put up with such massive drops in productivity rather than fire their workers and "hoard" labour as they wait for the situation to improve.
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    there's mass unemployment across europe
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    (Original post by Duncan Idaho)
    stock market recovered and growing, profits flowing
    but..
    unemployment UP to 9.8%! in usa . 1 in 10 can't get a job
    underemployment 17%

    It is obvious what is going on. When the recession hit the big companies got rid of people to save costs and told the people left to work longer hours to save their jobs , increasing productivity. Why would they start hiring again to pre recession levels ?

    This economic system is a total failure, and the politicians seem to be happy to prop it up, happy for millions and millions to be unemployed, happy for millions to be poor
    Well you clearly sound like you have a solution. Lets hear it.
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    Ahh yes because an economy is like play dough. You can put it into any shape you want! Because of this the US government is purposely encouraging corporations not to hire!

    Grow up and take an economics class for gods sake. Would serve an individual like you wonders. Heck just read a book on economic history. Just because profits go up, does not mean hiring goes up. After a downturn like 07 and 08, it's going to take a few years until we see corporations start to invest in human capital. I'd rather have a company have books in the black than taking on employee's, being in the red, going bankrupt and ultimately collapsing. For some reason people feel that there are overnight cures. This is generally attributed to a poor foundation in basic level politics and economics.

    Now I'm going to neg rep the OP for being so dumb.
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    (Original post by Duncan Idaho)
    It is obvious what is going on. When the recession hit the big companies got rid of people to save costs and told the people left to work longer hours to save their jobs , increasing productivity. Why would they start hiring again to pre recession levels
    Surely when the recession hit, the USA turned socialist and the country went to pot.
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    (Original post by Duncan Idaho)
    there's mass unemployment across europe
    Whereas in communist China there is prosperity for all?
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    (Original post by rich2606)
    Productivity hasn't gone up in America, its stayed constant through much of the recession implying that levels of employment are appropriate considering the current level of output. When demand picks up again the jobs will be created. The real puzzle is why businesses in much of Europe are willing to put up with such massive drops in productivity rather than fire their workers and "hoard" labour as they wait for the situation to improve.
    It is probably because Labour Laws in Europe are very strict and firing workers can be expensive. There is usually substantial redundancy pay if you fire workers, particularly long term ones.
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    (Original post by adam0311)
    Ahh yes because an economy is like play dough. You can put it into any shape you want! Because of this the US government is purposely encouraging corporations not to hire!

    Grow up and take an economics class for gods sake. Would serve an individual like you wonders. Heck just read a book on economic history. Just because profits go up, does not mean hiring goes up. After a downturn like 07 and 08, it's going to take a few years until we see corporations start to invest in human capital. I'd rather have a company have books in the black than taking on employee's, being in the red, going bankrupt and ultimately collapsing. For some reason people feel that there are overnight cures. This is generally attributed to a poor foundation in basic level politics and economics.

    Now I'm going to neg rep the OP for being so dumb.

    do you think unemployment will return to where it was before the recession?. I don't think it will for the reason I said.

    I believe the financial crisis was engineered by the money manipulators.
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    Unemployment lags.

    Also, firms only hire if there is a demand for labour, and at that rate if there is a demand for goods and services. It will take sustained growth for unemployment to go down to pre 2008 levels.

    In the UK, it took almost ten years for unemployment to fall below 1 million, from almost 3 million after the early 90s recession. As I said, unemployment is a lagging indicator. it's basic positive economics.
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    (Original post by Duncan Idaho)
    do you think unemployment will return to where it was before the recession?. I don't think it will for the reason I said.

    I believe the financial crisis was engineered by the money manipulators.
    Take your left wing antics and conspiracy stories somewhere else.
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    http://www.vegsource.com/news/2010/1...out-money.html
 
 
 
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