We pay anyway. We pay for healthcare and social services for all the illegals. We pay other social costs such as crime as a result of importing poverty from Mexico.
IMO illegal immigration is far worse than outsourcing because we end up subsidizing the illegals whereas Chinese labor is legitimacy cheaper.
Perception as reality is a useful propaganda tool, no doubt.
What's really happened, of course, has been masked by very well formulated propaganda. The perceptions of the Bush years, of the Ownership Society, of ever rising real estate valuations & borrowing against them to create the perception of prosperity have proven to be utterly false. The middle & working class have come out of that poorer than when they started, and the financial elite much richer.
It was the pinnacle of an economy driven not by wages, but by debt, and it fell down because that level of debt was insupportable. There will be no real recovery until that debt is diminished, one way or another, or until wages & employment rise to a level that will support more debt. Failure to recognize that is both wishful thinking & courting of disaster, of creating an even greater financial calamity.
Consumers may well be spending more, but it's only because they're willing to borrow more, believing that their livelihoods are relatively safe. That's not really true in the face of Repub demands to Cut, cut, cut! govt spending so as to maintain ultra low tax rates for the wealthy. Yeh, they think that laying off 10% of the federal workforce will increase employment, as will cutting off funding for various state administered programs, too. Forcing layoffs really will increase employment, and cutting back on food stamps, unemployment insurance, medicaid, SS benefits and the rest will have the same imaginary effect, obviously. That's because private industry will step in to create jobs to meet demand that isn't there. It's magic!
A lower rate of increase is still an increase.
And this represents the downside. While illegals provide greater productivity in many (though not all) jobs, that lowers wages in those sectors, puts downward pressure on all other wages, widens the wealth & income gaps between resource owners and employees, shifts the cost of social services for the illegals onto legal tax payers, and ships some of the money out of the country. As always there is no free lunch, and the extra productivity of the illegals comes with a plethora of negatives.
Here is the link
http://bottomline.msnbc.msn.com/_ne...d-in-november-jobless-rate-fell-to-86-percent
The will make all hard right wingers cry in their beer tonight.
No, it won't. The decrease id due to holiday hires. These will disappear when the holidays are over and we will be back above 9%. Duh.
The numbers are seasonally adjusted, just like every year at Christmas time. How well they accomplish that, dunno, but they attempt to account for the temporary nature of retail Christmas employment.
They're probably pretty good at it, having had a few decades of practice.
Question about all this.. My girl is at the end of her unemployment (92 weeks) I think. she received a letter awhile back claiming she could file for additional 12-20 weeks some kind of emergency something. But with the rate under 9.0 she won't be able to receive those additional 20 weeks right?.. Just send me message asap thanks.
A guestimate at best. I still say we will soar back above 9% after the holidays. Just like every year.
1. Housing starts are up
2. Lumber shipments are up
3. Unemployment is trending down
A construction rebound isnt the only factor here, but it definitely is a major contributor. Question is, what is leading to a construction rebound? Is it economic policies that are guiding us in the right direction or is it simply BECAUSE unemployment is trending down?
Unemployment and construction is a chicken and egg thing, more construction, more jobs, less unemployment, more construction etc.
... and nice troll thread Karl
Oh, please. Citing housing starts as being up is lame.
Up from where and to where?
There's a glut of single family homes on the market, with millions of foreclosures still dragging in the shadows, and new starts are largely apartments.
Which tells us that the investor class is doing great, everybody else not so much.
Rent 'til you die, chumps. You'll never own more than disposable consumer goods.
“The labor market is gradually healing. It’s a glacial pace, but we are taking small steps in the right direction,” said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Penn.
Oh, please. Citing housing starts as being up is lame.
Up from where and to where?
There's a glut of single family homes on the market, with millions of foreclosures still dragging in the shadows, and new starts are largely apartments.
Which tells us that the investor class is doing great, everybody else not so much.
Rent 'til you die, chumps. You'll never own more than disposable consumer goods.