Reagan didn't have the bubbles. It was Clinton (Tech) and Bush (housing). Obama too but in bonds.
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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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No, there are simply more older people. So, there are more older people working, more older people retiring, more older people in general.
Sorry, where on the chart does it say that?
After the disaster of 2008, there was a small increase in the number of young people who "dropped out" of the workforce by going back to school, often for lengthy graduate degrees. The reality is that education is key to success in today's global economy. Trump won't be able to change that.
Funny how Timmy's social conscience goes down the plughole as soon as $$$ is mentioned...
You do realize that Obama took office in 2009, not 2005 as your chart suggests. It's hilariously deceitful.Here's a chart for you.
Older people are supposed to be retiring but they are not. Fewer jobs for younger people.
My issue with tax cuts is there's no way to guarantee corporations will spend the money to help the little guy. It's not much progress if they provide more jobs, but those jobs pay lousy. Only the companies come out ahead in that scenario.
What does this mean? Did Cook agree to do something that was not socially consciencious? Did he agree to do ANYTHING, in fact?
I wouldn't imagine all manufacturing being brought here, but I could see incentives the administration could give to have Apple produce the Mac and some accessories here just with tax and regulation cuts.
They would save a good amount of money based on shipping from the East.
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I suppose you could do incentivized tax cuts.
They would save a good amount of money based on shipping from the East.
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I suppose you could do incentivized tax cuts.
The big problem is there isn't the infrastructure. So many of the components are manufactured abroad. The mere act of assembling them is a tiny part of the value-added, but forcing that to be done here means you have to either move all the component manufacturers here or start shipping everything here just to be stuck together by people who probably aren't going to be all that thrilled by the quality and pay of those jobs anyway.
http://qz.com/286213/the-chart-obama-haters-love-most-and-the-truth-behind-it/
Just read that. It's a very nice breakdown of every aspect of the chart.
That's why I always laugh at this crap. Who cares? It's probably all automatic in a decade at most anyway. Factories returning to the U.S. aren't going to be huge with thousands of people, they're going to have robots and some support staff. There are no more "blue collar" jobs coming back.
Mr. Cook can begin right here in Austin, TX. The Mac Pro will never sell in high numbers, but certainly far more than now and continuing if Apple gave it a decent update and future.
You know, just some respect and love.
Again with the partisan nonsense. Open your mind. It's not about Obama, Reagan or anyone else. It's about the American worker. You partisan hate is either blinding you to the truth or your are deliberately distorting the truth. The labor participation rate is now a record low and this is obscured by the not reporting the real unemployment rate (U6) and instead using (U3. )
It didn't start with President Obama, the problem started when they started reporting the rate the way they do. Every politician of every party has an incentive to use the misleading lower number.
President Obama's selection to head the Federal Reserve Janet Yellen said, U6, the real unemployment rate, paints a clearer picture of true U.S. unemployment. So stop the partisan nonsense.
Contrary to what you are trying to convince folks, the participation rate doesn't just include folks who have retired. Far from it.
"In the widely reported unemployment rate (U-3), the BLS only counts those who have looked for a job in the past four weeks as unemployed. They're included in the labor force because their jobless situation is only temporary.Once they haven't looked for a job in the past four weeks are no longer counted as unemployed or in the labor force. The BLS adds them to a group it calls the marginally attached. For more, see Labor Force Participation Rate.
Among them are the discouraged workers, who have given up looking for work altogether. Others have gone back to school, gotten pregnant, or have become disabled. They may or may not eventually return to the labor force, depending on their circumstances. Once they haven't looked for a job in 12 months, they're no longer counted as marginally attached.
(Source: "Definitions," Bureau of Labor Statistics.)
The BLS includes part-time workers in the employment numbers. It asks whether they would prefer a full-time job. Those people are considered underemployed.
The U-6, or real unemployment rate, includes everyone who wants a full-time job but doesn't have one.
It counts the marginally attached (including discouraged workers) and the part-timers who would prefer a full-time job. As a result, the real or true unemployment rate is much higher."
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The somewhat ironic thing is that countries like China that rely on manufacturing are desperately looking for an alternative because they know the robot revolution is coming and those robots are going to take over those manufacturing jobs creating massive unemployment in those countries.
Well let see right but if History is any indication..it will not go well.
Trump always come first and that has been passed down to his children.
Trump HAS always been in a position of power and abused the small guys.
Let see how he enriches himself during campaign..
http://www.politico.com/story/2016/09/donald-trump-business-campaign-trail-228500
Will he change his ways? Given the stories going on in the media how he is leveraging his position to ensure his business is picked up.
It is doubtful
In a recent interview with The New York Times, President-elect Donald Trump said he received phone calls from Apple CEO Tim Cook and Microsoft co-founder Bill Gates after winning the presidential election earlier this month.
Donald Trump at The New York Times offices in Manhattan
Trump told Cook it will be a "real achievement" for him when he gets Apple to make its products in the United States, as opposed to countries like China and Vietnam where many of its current manufacturing partners operate.Cook acknowledged the proposition by nondescriptly saying "I understand that," according to Trump.
Trump said he is confident Apple will turn to U.S. manufacturing based on the incentives he plans to offer the iPhone maker, including a "very large tax cut" and "substantial regulation cuts" for corporations.A recent report said Apple asked its Taiwanese manufacturing partner Foxconn to study the possibility of moving iPhone production to the United States, although Foxconn chairman Terry Gou is said to be less enthusiastic about the idea due to inevitably higher production costs compared to China.
While campaigning at Liberty University in Virginia earlier this year, Trump said "we're going to get Apple to start building their damn computers and things in this country instead of in other countries," while he has also threatened to introduce a 45% tax on products imported from China.
Cook previously said Apple manufactures iPhones in China because the country has put an "enormous focus on manufacturing," while noting the U.S. workforce has a smaller number of individuals with the "vocational kind of skills" needed.Apple also benefits from lower wages in China, where many of its suppliers are located within close proximity of each other. In Asia, Taiwan's TSMC makes A-series chips for iPhones, Japan's Sharp and Japan Display supply iPhone displays, and South Korea's SK Hynix and Japan's Toshiba produce memory chips for the device.
Apple does have a Mac Pro manufacturing facility in Austin, Texas, operated by Flextronics, but it is a limited effort given the relatively low production volume of its high-end desktop computer.
Cook was personally a Hillary Clinton supporter, hosting a fundraiser for the Democratic presidential nominee in August on behalf of himself. In a company-wide memo issued following Trump's victory, Cook urged Apple employees to "move forward together" despite "uncertainties ahead."
Apple as a company showed support for both the Democratic and Republican parties during their respective campaigns, but it reportedly withheld support for the 2016 Republican National Convention due to Trump's controversial comments about minorities, women, and immigrants, among other subjects.
Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.
Article Link: Donald Trump Tells Tim Cook He'll Offer Apple 'Very Large Tax Cut' to Make Products in America
Yes it is! And it will continue to drop until at least 2024 (projected). Barring another baby boom, it will likely never rebound to the heights of the 90s.
It's clear that you don't understand what these numbers mean. The employment-to-population ratio of people of prime working age would be a far more useful measure. This has nothing to do with "partisan hate." The labor participation rate will continue to drop under Trump, but it will have little to do with his policies.
This just isn't true. I'm an engineer, working in manufacturing all my life. Our companies have many many PEOPLE work in the facilities doing fabrication and assembly work. Also setting up a fully automated assembly line does include many jobs building the line, and also supporting it once in production.
Regarding the same phone call, CNBC and The Verge report Trump stated that there would be a lot of robots, but his focus is to also include having the robots built in the USA.
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It's such a "Republican" thing to tell people how to run their businesses. I am sure the "independent" minded Tea Party and conservative Republicans are behind this , 100%. It's going to be Yuge as Donald goes around telling all businesses how to conduct themselves. Can't wait.
How about this Donald? Show us your business ties to Russia, Ukraine, Turkey etc etc. How about telling us why you were meeting with Indian businessmen as part of your "transition". Before you go ordering other people to do things you won't do, liquidate your holdings.
I have one reaction to this guy... and it's "barf"
How about this Donald? Show us your business ties to Russia, Ukraine, Turkey etc etc. How about telling us why you were meeting with Indian businessmen as part of your "transition". Before you go ordering other people to do things you won't do, liquidate your holdings.
I have one reaction to this guy... and it's "barf"
If you ever saw video from the iPhone assembly in China, you will see that there is currently a tremendous amount of automation and robotics involved. It's not like these phones are being build by 12 year old slave labor manually. Yet, inspire of all this automation, there are hundreds of thousands of jobs, these could be jobs here in the US.
Good, you read the article I posted, and of course an aging population impacts the labor participation rate, but in your blind partisan hate you are ignoring the other two key points the article points out. In doing so, you are ignoring the plight of an increasing number of fellow Americans who want a good paying, full time job. Your "us against them" is what's poisoning the debate. Stop the hate. It's killing you even if you don't realize it.
"It's unlikely the participation rate will ever return to its 2000 peak. First, nearly a third of the unemployed have been without a job for six months or more. Only 10% of these long-term unemployed find a job each month. It becomes so frustrating that they drop out of the labor force. They may not return because they don't have updated skills and employers aren't willing to take a chance with them.
What's the most worrying is that 2.9 million of those who have dropped out are between the ages of 25 and 54. That's prime earning years. They may not have a chance to recover. Despite improving job opportunities, they aren't returning to the labor force. That's called structural unemployment. That's when the skills would-be workers have no longer match what employers need. Without training, they won't return to the labor force. (Source: Gene Epstein, "The Mystery of the Missing Workers," Barron's, March 16, 2015.)"
The point is the current reporting of the unemployment rate, going back decades, does not represent a true picture of how many people are employable and seeking a full time job. In that I am joined by President Obama's Chair of the Federal Reserve. It is a non-partisan issue to help them get good full time jobs.