American Jobs at risk

People have different asset management skills. For some saving for the future is an integral part of their lifestyle whereas for others just getting the basic necessities paid for is an overwhelming burden. Those without a formal financial education are at a disadvantage and experience a lack of funds more frequently.

A lack of funds is becoming more and more pertinent as income instability and income inequality raises its ugly head. As the rich become richer, the middle class is getting squeezed at a rate not seen since the 1930’s. More and more people that had been living comfortable lives are experiencing a reduction in income.  The middle class in particular experienced a 4.8% drop in income between 2000-2009, this during a Republican dominated government.

Competition for jobs is happening on a global scale rather than on a strictly local level. There is now an equal lack of the right circumstances(demand) for job growth all over the country. Employment is moving in a negative direction, becoming less secure rather than more secure. There are fewer good paying jobs available like the ones we used to think of with pension benefits, health insurance, and retirement. Today we see less and less of these jobs being offered.

"There is mounting evidence that economic growth is less effective in reducing poverty in the face of rising trends in inequalities," Danesh-Yazdi said. "These forces combined have created a world where young people without privilege and wealth are unable to get a foothold in the labor market, and older persons whose proportion throughout the world is increasing rapidly enjoy less and less security for a lifetime of work." The US is moving faster and faster in a negative direction.

According to job statistics there has been an uptick in employment levels lately but we still won’t see the economy getting back to 5% unemployment levels until approximately 2033 according to the Americans for Progress website. Those who state that everyone can find a job are delusional, there aren’t enough jobs available to employ everyone that is looking.

Conservatives in the House have proposed cut backs in spending all across state and federal governments. These cuts in spending will directly impact jobs all across America and may do considerable damage to an economy still reeling from the banking excesses of 2007-2008.

Goldman Sachs estimates that the Republican controlled House proposed cuts to spending could reduce economic growth by 1.5-2%. Now does this sound like the gang that believes in creating jobs?

Getting the economy to roar, getting people to spend and demand services means creating more jobs, not cutting back on jobs.

The American Society of Civil Engineers says we need to spend over a couple of trillion dollars over the next five years just to upgrade our infrastructure to where it should be. This means investing in roads, bridges, water systems, electrical systems, communication systems, schools, hospitals etc. Could the private sector come up with this kind of investment that we need now, trillions to upgrade? I don’t think so, but it is something government has the capacity to do. Those who always discount government need to wake up.

Republicans complain about taxes, small government, deficits and the free market, well it’s a sham. Government size exploded under Reagan and G.W.Bush. Deficits grew under Reagan, Bush I, and Bush II.  The “free market” has consistently caused income inequalities, huge market volatility and severe financial collapses.  “In fact, the Great Recession we are now climbing out of should have been strike three for the Free Marketeers.  Strike one was the Panic of 1893 and the depression which followed it.  Strike two was the Great Depression of the 30’s.  In all three cases, these collapses were preceded by conservative, laissez-faire policies featuring deregulation, low taxes and weak governments.” John Atcheson

Giving money back in taxes to people who don’t need it is doing grave harm to our nation. We are looking at more job losses, more off shoring, more reductions in hourly wages, just so some can make obscene profits.

Taxes are shared social investments that yield significant benefits for all segments of society which in many cases outweigh the cost, they are not some abstract burden.

Think where this nation is headed, if we continue down the conservative path we could be looking at an oligarchy staring us in the face. i don’t think any of us want that, remember we are all in this together.