Corporate Profits Hit New Record In 3rd Quarter

[TurboFinger]

nobody mentioned that our financial system is a ponzi. that is our most basic economic failure. as long as banks can "borrow" money from the FED at zero interest, leverage it 10 fold and then loan it to us schmucks at 3-25%, we are doomed. it really is as simple as that.

fractional reserve lending of debt based money is a recipe for disaster. perpetual growth is impossible and that is what our system relies upon.

 

[farmerbyron]

Get an education? Really. What do think happens when everyone gets educated and the only jobs available are part time work or theres no jobs in the feild. Everyone cant be Cheifs.

Workers need to have a place to work. We cant be a Nation that only consumes goods. We need to be able to purchase goods, that means real jobs that pay meaningfull wages.

Real jobs and meaningfull wages means we must have a balance of manufactoring jobs and businesses that sell goods manufactored here in the US.

BTW, your work hard, get educated rhetoric was good advice 25 years ago. People worked hard and got educated BUT THE JOBS LEFT. Its time to bring the jobs back or force companies to pay more to make up the difference.

Who exactly is going to work in these manufacturing jobs? Most people my age and younger aim to be a real estate agent or sell insurance. The get educated mentality is by no means out of date but most people think "get educated" means an office job or selling ****.

You cite illegal immigrants as a reason for lower wages but the truth of the matter is that we have a severe labor shortage for low skill jobs. Even our teens look at many of these minimum wage jobs as beneath them. Without those immigrants, much of the dirty work of this country wouldn't get done.

The workforce today is nothing like it was back when we were the manufacturing leader of the world. You are trying to solve a 21st century problem with 20th century answers. The manufacturing we do have usually involves a higher skill set that can operate machinery to increase production. It is the only way we can compete on the global market against the low wage, high man power factories of the east.

You can long for the days of yesteryear where a guy could work on the assembly line for 40 years and then retire to a modest retirement but those days are long gone. There is no one willing to do that blue collar work for 40 years. Everyone goes to school to learn white collar business, not a blue collar trade.

Not saying what is right or wrong, it just is what it is.




http://www.cbsnews.com/8301-18560_162-57547101/employers-cant-find-enough-skilled-labor-to-fill-jobs/

 

[Lurker66]

Blaming business again instead of personal responsibility, huh?

You say the politicians can fix our economy. I say the lack of politicians can fix it!

My degree is not in economics. Lets just say its degrees in managing money both for me and businesses. The personal finance has provided a good foundation for my daily life and the way my family spends money. I guess that's why I can sit here and suggest to people how to improve themselves because I have lived it.

you lived it? So what, I did too. That why i sit here an fuss with you. You side with big business and mega corporoations and I side with the part time workers and those who cant get a break.

 

[DPI]

you lived it? So what, I did too. That why i sit here an fuss with you. You side with big business and mega corporoations and I side with the part time workers and those who cant get a break.

The difference is I am still living it and have decades to go, God willing. I watch changes in the economy and where opportunity might be and I adjust accordingly and plan for the changes.

Oh, these evil corporations you speak of provide good paying jobs (at all levels of education and abilities) and benefits and everyone should want to work for them. The people that are lucky enough to work for a good business pay for those who don't want to work. But the government takes the worker bees hard earned money and gives it to those who would rather not work.

 

[DPI]

Who exactly is going to work in these manufacturing jobs? Most people my age and younger aim to be a real estate agent or sell insurance. The get educated mentality is by no means out of date but most people think "get educated" means an office job or selling ****.

You cite illegal immigrants as a reason for lower wages but the truth of the matter is that we have a severe labor shortage for low skill jobs. Even our teens look at many of these minimum wage jobs as beneath them. Without those immigrants, much of the dirty work of this country wouldn't get done.

The workforce today is nothing like it was back when we were the manufacturing leader of the world. You are trying to solve a 21st century problem with 20th century answers. The manufacturing we do have usually involves a higher skill set that can operate machinery to increase production. It is the only way we can compete on the global market against the low wage, high man power factories of the east.

You can long for the days of yesteryear where a guy could work on the assembly line for 40 years and then retire to a modest retirement but those days are long gone. There is no one willing to do that blue collar work for 40 years. Everyone goes to school to learn white collar business, not a blue collar trade.

Not saying what is right or wrong, it just is what it is.




http://www.cbsnews.com/8301-18560_162-57547101/employers-cant-find-enough-skilled-labor-to-fill-jobs/

 

[Hobbes]

Blaming business again instead of personal responsibility, huh?



My degree is not in economics. Lets just say its degrees in managing money both for me and businesses. The personal finance has provided a good foundation for my daily life and the way my family spends money. I guess that's why I can sit here and suggest to people how to improve themselves because I have lived it.

So..., you're a banker then.

 

[DPI]

So..., you're a banker then.

HAHAHA no, but I feel like that guy looks sometimes!

 

[Hobbes]

Okay

Banker

Hope you saw the movie.

 

[inactive]

You act like there are no jobs available. There is an education gap. Take a look at any engineering company website and you will see the openings that can not be filled because of ignorant attitudes like yours. There are no where near enough engineers looking for work to fill demand. If you lose your job, go to school and get a degree or go to trade school and get certified in an industry where there is hiring, its that simple, but it does take effort.

A skilled labor gap can apply to a position, company or industry. It's too narrow of a focus to argue as a cause for unemployment on national level.

The bigger problem lack of cash flow. Companies are making money because they are operating incredibly thin due to market instability, not because of high volumes of consumerism and sales. Growth is not there even if profitability is. If the economy is stabilized, then businesses would focus growth for profit rather than scaling back to gain profit. That's the bigger issue.


I do agree though, no problems with any engineering discipline getting a job that I am aware of. Nationally for that matter, if someone wanted to move to OK, TC, LA... Personally, I'd go back for a degree in IE if I could (because the field interests me), but the school where my tuition is paid for (wife works there) doesn't offer IE, and my work pays for education at any school but not engineering (not our business). So meh, I'll make due by bleeding them to paying for IT and Business and Stats courses.

 

[DPI]

I do agree though, no problems with any engineering discipline getting a job that I am aware of. Nationally for that matter, if someone wanted to move to OK, TC, LA... Personally, I'd go back for a degree in IE if I could (because the field interests me), but the school where my tuition is paid for (wife works there) doesn't offer IE, and my work pays for education at any school but not engineering (not our business). So meh, I'll make due by bleeding them to paying for IT and Business and Stats courses.

I am seriously considering chemical engineering. I have always been fascinated with chemistry and my evil corporation employer would pay for it as well... The molecular splitting of fossil fuels is an incredible industry to be working in right now.