Comments on: Will There Be a Jobless Recovery? Maybe Not, but the Economy is Still in Terrible Shape.

By: Jim_Satterfield

Jim_Satterfield — Thu, 13 Aug 2009 00:20:26 +0000

What is apparently a fatal flaw of this argument is that there is no mention of the construction trades as a jobs factor. Given the current state of real estate inventory in both the commercial and residential areas those jobs and the secondary jobs that they affect are not recovering any time soon.

By: Silhouette

Silhouette — Wed, 12 Aug 2009 23:25:07 +0000

Here's how you stimulate jobs. You remove the burden of paying private health premiums to employ workers and then more people who would otherwise be chomping the bit to start new businesses and make more products thus empolying more people and increasing the tax base, will join the ranks of those creating the GNP.

I myself and I know of many many others have opted out of great business ideas and opportunities simply because of the insurance-premium factor. It's just not worth it. Other businesses get around the requirement by shaving back people's hours and juggling them all around so that a 40-hour week is never attained and therefore they don't have to pay premiums for employees. Less employment hours [and therefore product] are the result.

The public-option will be the best boon to our financial solvency and it will sustain over time. In 10 years we should be back as number one. Without this incentive, we will be looking at a dark future. People afraid of business ventures equal a nation of poverty.

By: mikkel

mikkel — Wed, 12 Aug 2009 19:14:50 +0000

This is the exact opposite conclusion of what people from the econ-bloggers to credit rating agencies to Fed Bank presidents have said. They are all talking about the need for “inventory rebuild” that will bring back manufacturing jobs for at least a few months, but that personal consumption will be depressed for the next decade or two and will completely decimate commercial real estate and service industries.