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Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America
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Participation rate has fallen 3% under Obama as of 2013. The rate counts people between 15 and 64. We have way more 64-year-olds than we used to (demographic transition, aging population), and many people retire in their 60s. There's nothing surprising about the labor participation rate.
The fact remains that Obama has increased incomes for the working class for the first time in 30 years, drastically lowered the unemployment rate since the 2008 disaster he inherited from Bush, reduced poverty, gotten millions of Americans insured, saved the country from the brink of a second Great Depression, and actually achieved growth.
All of that is about to be undone by a Reagan/Bush 2.0
Here's a chart for you.
Here's what that actually means...
http://qz.com/286213/the-chart-obama-haters-love-most-and-the-truth-behind-it/
Cliff Notes version: the majority of the decline is due to Baby Boomers retiring and temporary factors related to the business cycle. The CBO estimates that Labor Force Participation will be down to 60% in 2024, and that again is mainly due to Baby Boomers retiring.
Hah. Your right, that chart is SOO zoomed in, it makes 3% seem like the steepest thing ever.
Plus, the chart does not imply any type of reason for the decline. Could it be the 2008 crisis that happened when Bush was president and not anything Obama did specifically? Anyone can make a chart of anything that while factual actually doesn't help prove or disprove their argument.
Exactly. The labor laws in the US contribute to higher prices due to the fact that US companies have to employ more workers because hourly workers have too many perks. As far as I know, an hourly worker must have a 15 minute break every two hours and a 30 minute lunch break every four hours. Many other countries don't have their employees wasting 1/8 of their entire shift in the break room. Workmans comp, paid vacation, paid sick days, paid personal days.. this time and money adds up in the long run and forces the company to employ more workers to do the same amount of work. Oh, and let's not forget paid holidays (how many are there now?). If we want companies to "bring manufacturing home", we need to reexamine the labor laws.
when you are born you aren't stamped "blue collar" on your forehead. A job isn't a right. Get qualified for the jobs that exist. Don't have the government interfere to distort the free market to make it more inefficient for the sake of giving people the specific jobs they think they deserve.
You're reading it wrong. Older workers are working more than before. Younger workers can't find jobs. Opposite of elderly workers retiring.
But the government interfered to get rid of these jobs in the first place. NAFTA.
Of course there will be less human workers, but this is the future and we must adapt to it or just let other countries create all the wealth while our workers are stuck at Walmart or making burgers. A service based economy is a weak economy and doesn't create wealth.
I'm surprised a good liberal like you wouldn't be all over this idea and be coming up with ideas to get more of our youth trained for these 21st century jobs instead of just wanting to keep the status quo.
All of our factories in the US building things like automobiles and major appliances, etc. are very automated, however they also hire a huge amount of skilled trades workers to keep everything going. They also have a lot of engineers, quality assurance, and inspectors to keep things moving and the quality high. Why are we not training workers for this new age so America can get in on this new age manufacturing and become a world leader?
Do you have the idea that we should force higher corporate taxes even if it continues to offshore our workforce? Is the idea then that we should just give government benefits to people instead of putting them back to work? I would hope this is not your idea.
I would expect that any plan Trump comes up with you would not like, but let me ask you if you were also opposed to the things Obama has done to try and restart US manufacturing? I believe his administration did a lot to bail out Detroit and also worked with companies like GE Appliances to increase their US manufacturing presence. Was that also bad even if a lot of those factories were automated? Right now many US manufacturers are struggling to find skilled trades and engineers to keep these factories running. It's time to educate a 21st century workforce. Educate the people and put them to work in the new economy.
I just see too many people on here that are living in the past and simply say... Oh no that won't work... or it'll only bring a few thousand skilled trades jobs so it's not worth it. I say it's time to invest in this modern manufacturing before the opportunity passes us by and everyone else is doing it while we limp along getting poorer and poorer in a service based old school economy.
Here's a chart for you.
A portion of the growth in the 1980s was due to the trend towards 2 income households as the norm.
Unfortunately your expectation is wrong. The retirement of the baby boomers does not explain the drop in labor force participation rate. Even among 25-54 year old the participation rate has fallen in recent years. https://fred.stlouisfed.org/series/LNU01300060
Its bounced a little in the last 1.5 years, but its still well below pre-recession levels, about 2% down.
I also question your objectivity when you make statements like "only a 3% change". That's a big deal. In 1999 about 84.5 25-54 year olds out of 100 where working. So we had about 5.45 working people to support everyone not working, in this age group anyway. Today, we have more like 4.45 working people supporting 1 non-working person in this age group.
Is this going to be Bigly? 
Will our heads turn or are we going to do a double flip? What about those tiny small ..... written warnings on the contract on page 10, last paragraph? How long will it take to train the red necks in middle America? What are the hidden costs? And the list goes on........
I LIKE the fact that big companies are going to be happy with Trump's tax cuts and such AND the Stock Market doing VERY well, BUT what about the low-income people who will continue to suffer.....??? Tax cut to them, according to Trump's plan IS going to be a joke.
Will our heads turn or are we going to do a double flip? What about those tiny small ..... written warnings on the contract on page 10, last paragraph? How long will it take to train the red necks in middle America? What are the hidden costs? And the list goes on........ I LIKE the fact that big companies are going to be happy with Trump's tax cuts and such AND the Stock Market doing VERY well, BUT what about the low-income people who will continue to suffer.....??? Tax cut to them, according to Trump's plan IS going to be a joke.
NAFTA had nothing to do with the loss of jobs, but even if it did, eliminating trade barriers is ELIMINATING interference, not creating it. U.S. employment increased over the period of 1993-2007 from 110.8 million people to 137.6 million people. The rate of loss of manufacturing jobs during the NAFTA period is NO DIFFERENT than the trend in the years before: http://www.jstor.org/stable/2646942
Kind of looks like that artificial bubble created by Regeanomics popped during the Bush 43 years.Here's a chart for you.
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Yes, it would be illegal for Trump to sign any kind of document that gives Apple a special tax cut. He has not authority in the Constitution to do that.....I suppose if he simply dismissed the House and the Senate and locked them out of the Capital....and became a dictator it could be done....He has no record of working with other people...he demands what he wants....that is his track record....
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This is true but the campaign was devoid of true facts.
The Catch-22 of automation has always been this: robots aren't taxpayers or consumers. Which means that there's a level that you go beyond economically where it's entirely self-defeating. The increased efficiency becomes pointless if there aren't enough consumers to support it.
Trump is a con, he fooled over 60m people. Sad to see Americans are so gullible. All this Apple talk is posturing. He will change his positions and flip flop all the time. He already changed his mind on several things.
I give less than 6 months for a lot of "buyer's remorse" from the people who voted for him.
I give less than 6 months for a lot of "buyer's remorse" from the people who voted for him.
I was going to vote for him until he showed his true colors of being a racist who sexually assaults women. I wasn't willing to sell my core value on the mighty dollar. But now that he is president I have to pray that he is successful because if he loses we all lose.
Remember....the people born within 10 years of the end of WWII are and have retired.....39% of the adults living in Florida are retired...they are not looking for jobs...many retired in other states as well.
Exactly - Trump and it supporters hear that Foxcom has 200-500K people making Apple products and salivate with the idea of bringing those jobs here - that's not going to happen.
Wake up people, these jobs aren't coming back.
May 2016
Foxconn replaces '60,000 factory workers with robots'