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People under the age of 35 made up 43% of unemployment claims, while only representing about 36% of the workforce. Just over half the workers laid off had a high school diploma or less education.

About 56% of unemployment claims were filed by women, though they make up only 47% of the workforce.
The workforce in the highly impacted industries is more likely to be female," the report says. "The male-dominated industry of construction did not see a large increase in (unemployment insurance) claims, while the female-dominated healthcare and education had the third-highest level of claims.

They don’t need to print any more money, the dollar has been devalued
Enough.

All we need to do is let people go
Back to work.
 

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Discussion Starter #142
People under the age of 35 made up 43% of unemployment claims, while only representing about 36% of the workforce. Just over half the workers laid off had a high school diploma or less education.

About 56% of unemployment claims were filed by women, though they make up only 47% of the workforce.
The workforce in the highly impacted industries is more likely to be female," the report says. "The male-dominated industry of construction did not see a large increase in (unemployment insurance) claims, while the female-dominated healthcare and education had the third-highest level of claims.

They don’t need to print any more money, the dollar has been devalued
Enough.

All we need to do is let people go
Back to work.
going back to work isn’t going to fix this problem.
 

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Yes, yes it will.

There is no need to throw money at it.

The worst thing we can do is to get the citizenship dependent on the Govt. handouts.

lift the restrictions and let people decide for them selves.
 

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Discussion Starter #144
Yes, yes it will.

There is no need to throw money at it.

The worst thing we can do is to get the citizenship dependent on the Govt. handouts.

lift the restrictions and let people decide for them selves.
No, no it won’t. Millions of people will be unemployed because millions of jobs are going away forever... This will depress the jobs market and crush recovery completely. It’s that simple. If you have 20% or greater unemployment and rising infections world wide you have a supply chain problem still. Volvo opened a plant for 3 days and shutdown due to no parts. So, like it or not this is an economic issue that is not solved with getting back to work in any one nation if multiple nations are still operating at reduced production levels.
 

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Yes it will,
if people are going back to work they will make the parts Volvo needs build cars.

A businessman or an entrepreneur does not stop because of bankruptcy ,most of them will file bankruptcy once if not twice regardless of a “pandemic”.
And the banks do have money to lend. ( they had it before the pandemic) then they can start a new business & employee more people.

We don’t need socialism or the government telling us how to do it , just lift the restrictions and it will happen.

If you don’t feel safe then don’t go out stay home. nobody’s forcing you out,
That it is if you can afford to stay in the basement the rest of your life, but I guess that’s up to your mom.


If no one is working nobody’s paying taxes.
we know the government don’t have money before so where is all this money coming from ?
this will have big pitfalls and will make a big differences in the cost of products, lower income and increased taxation for years to come.

The free enterprise system and capitalism will solve the problems not socialism .


Business & individuals are goong to be filing bankruptcy. the bank or landlord isn’t forgiving you for the last three or four months, you’re going to have to pay it sooner or later. where are you going to get this money to pay for the last four months ? you’re not.
bankruptcies are already going to happen.

We can mitigate this by letting people go back to work and businesses opening back up.
 

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Discussion Starter #146 (Edited)
Yes it will,
if people are going back to work they will make the parts Volvo needs build cars.

A businessman or an entrepreneur does not stop because of bankruptcy ,most of them will file bankruptcy once if not twice regardless of a “pandemic”.
And the banks do have money to lend. ( they had it before the pandemic) then they can start a new business & employee more people.

We don’t need socialism or the government telling us how to do it , just lift the restrictions and it will happen.

If you don’t feel safe then don’t go out stay home. nobody’s forcing you out,
That it is if you can afford to stay in the basement the rest of your life, but I guess that’s up to your mom.


If no one is working nobody’s paying taxes.
we know the government don’t have money before so where is all this money coming from ?
this will have big pitfalls and will make a big differences in the cost of products, lower income and increased taxation for years to come.

The free enterprise system and capitalism will solve the problems not socialism .


Business & individuals are goong to be filing bankruptcy. the bank or landlord isn’t forgiving you for the last three or four months, you’re going to have to pay it sooner or later. where are you going to get this money to pay for the last four months ? you’re not.
bankruptcies are already going to happen.

We can mitigate this by letting people go back to work and businesses opening back up.
I need time to respond to this. There are fundamental errors in here that literally so wrong it makes my head hurt.
 

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Discussion Starter #147 (Edited)
Yes it will,
if people are going back to work they will make the parts Volvo needs build cars.
No-- this doesn't actually have to happen. First off you live in a country that shuts down production or limits production Volvo or any other car manufacturer that gets supplies from this country are facing the same supply shock. And it is happening. Furthermore, if you live a country that's government is oblivious to the effects of Covid19-- it is a good bet that you will see serious issues from a workforce that is depleted due to viral infections or simply feels that the risk of contracting the disease out weighs the benefit of working. Net result is that the supply chain freezes up from either scenario. In America , Canada or Europe another issue for corporations is liability. If they knowingly create a dangerous working environment they could easily be sued for hundreds of millions- or face a strike. Think of how that will will look for your bottom line if you run a fortune 500 and 40% of your workforce that actually makes you meet your customers needs decides to walk out on you?

On top of this problem you have the fact that most manufacturers are using just in time inventory for many critical parts. Once you're supply chain crumbles due to a lock-down in China it ripples through the entire supply chain very quickly shutting down the entire endeavor without a built up supply means that restarting requires global coordination unlike what we've seen before. Never before have we ever really shut down the majority of the planet's industrial might all at once for 3 months. You just don't restart this with telling people to go back to work. They literally have nothing to do.

Snowfarmer said:
A businessman or an entrepreneur does not stop because of bankruptcy ,most of them will file bankruptcy once if not twice regardless of a “pandemic”.
And the banks do have money to lend. ( they had it before the pandemic) then they can start a new business & employee more people.[/quote]
This is just plain nonsense. First off banks aren't going to lend money out if people aren't able to pay it back! This is a demand crunch and you're not going to get it back with 40% of the 30,000,000 small businesses in America tanking! That isn't a sign to banks to start lending! Not even with the Fed bank rolling the economy.

Snowfarm said:
We don’t need socialism or the government telling us how to do it , just lift the restrictions and it will happen.
False-- nothing I have promoted is Socialism. Having the government literally step in and be the bank roll for the economy is just replacing one source of revenue for another-- nothing more.

Snowfarmer said:
If you don’t feel safe then don’t go out stay home. nobody’s forcing you out,
That it is if you can afford to stay in the basement the rest of your life, but I guess that’s up to your mom.
Is this supposed to be some form of great insult to me? It's just rather sophomoric...


Snowfarmer said:
If no one is working nobody’s paying taxes.
we know the government don’t have money before so where is all this money coming from ?
this will have big pitfalls and will make a big differences in the cost of products, lower income and increased taxation for years to come.
First of the Federal Government is the only source of the US Dollar in the world. That is important to understand. Secondly, the US Dollar doesn't define its value based on anything but the strength of our economy and the ability for the economy to function correctly. This is because we are a fiat currency that is created in our Nation. A Deficit between Taxation and Spending on the Federal Level is not DEBT! It is actually the way in which the Federal Government stimulates the economy and forces growth to occur-- it is in short an investment. Taxes- do not pay for anything in the budget. All budgets are completely paid for and will always have enough funds to achieve their goals because Congress has authorized the Treasury and Fed to create the appropriate accounts to do so. Spending more than GDP doesn't create inflation! Inflation has basically two causes in a fiat currency-- Demand Pull or Cost Push- Demand Pull is when prices rise to due to the amount of demand for a product relative to the supply for example lets say a popular toy for Christmas starts at $19.50 and they make 50 million units let's say the sell out the first 50 days so they make 50 million more and so on and so all selling out by the time they do this for the fifth time the price is now $99.50. That is Demand Pull. Cost push is where materials, labor and transportation costs increase either in combination or just one factor to the point where the price of Products increasing must occur to offset these prices. Now, you hint at cost push inflation but that is a natural part of any economy. If you look our economy between 1980-2019 we have about 400% inflation rate in the dollar. Is this a big problem? No. It's only a problem if we allow the inflation rates to grow at the same rate or greater rate then real wages creating stagflation. This is more of a concern then raw inflation. If coffee goes up by $.25 per pound but real wages increase by $1.75 per our the net result is that the buying power of the average person has increased by a specific factor that we cannot estimate from just one consumable-- but out weighs the inflation.

Secondly-- even if the US Government spent $45 Trillion to fix this problem taxation wouldn't have to increase if we use the money in the correct ways! For example keeping 30 million small businesses going or ensuring that we have a Green New Deal all of that money would spent on salaries, inventory, construction and actually grow the economy by $90 trillion in output conservatively speaking to say the least. That's if we kept the taxation model the same as today. We be doing the biggest Public Works Project on the planet and we have the fastest growing economy in history by developing new technology- replacing old things recycling and developing our future generations.

Snowfarmer said:
The free enterprise system and capitalism will solve the problems not socialism .
So, not true...


Snowfarmer said:
Business & individuals are goong to be filing bankruptcy. the bank or landlord isn’t forgiving you for the last three or four months, you’re going to have to pay it sooner or later. where are you going to get this money to pay for the last four months ? you’re not.
bankruptcies are already going to happen.
This statement is only true because people in the government lack the will to do otherwise. We could easily pay every rent, mortgage and so on off remove the debt bubble building and create an equitable system. However, that is not the case. Further more, this will not be corrected by going back to work. With millions unemployed and likely to stay unemployed you further depress demand. Then you couple into the fact that make businesses will be running with reduce staff once they reopen because of the limits on in person people in your store. You don't need 30 staff members for a rest. with 25% capacity-- you might only need 10 staff members which means a reduction in wages for your staff once the PPP thing disappears. Finally, you have the issue of depressing wages since it will be an employers advantage to decrease wages, cut hours, and reduce benefits-- all things that will in the end destroy growth in this country and demand.


So, sure let's do your plan and become Brazil or do my plan and grow! Since I actually have a degree in Economics with Honors I would follow my lead and not yours on this one.

We can mitigate this by letting people go back to work and businesses opening back up.
[/QUOTE][/quote][/quote]
 

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Your degree is worthless,you can’t even find a job in your field. you spend your days cleaning grease traps.
If you were smart and had a clue you’d be working in your field of study.

And you’re a socialist.

We can’t print money and keep people at home. sooner or later We will run out of food, products to consume because everybody stayed home.

But it’s OK for the essential worker, I mean the kids stocking shelves at the grocery store can go to work the people working at Walmart and go to work but the people at the boutique selling clothes or factory workers can’t go to work but Wallmart can sell clothes and the products the factory works made.


Go stand in line at Walmart next to everyone else but people can’t go to a factory to produce parts?


Print more and more money, devalue the dollar, increase inflation,increase wages and nobody has to go to work....

when their unemployment runs out they’ll need to go back to work.
Unless another socialist program jumps in and we can pay people to stay home forever. unless another socialist program jumps in and we can pay people to stay home forever

We Will turn into Brazil,, What color is the sky in your world ?
more fear mongering.
Their slums make our slums look like upper middle class housing.
Their health care syestem is almost nonexistent.

The reality is we need to open the country up people go back to work. Unlike Brazil Who’s population is relatively poor,packed in together in run down slums and uneducated ,we use the proper safeguards and technology.

Let the free enterprise syestem work.
 

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Discussion Starter #149
Your degree is worthless,you can’t even find a job in your field. you spend your days cleaning grease traps.
If you were smart and had a clue you’d be working in your field of study.

And you’re a socialist.

We can’t print money and keep people at home. sooner or later We will run out of food, products to consume because everybody stayed home.

But it’s OK for the essential worker, I mean the kids stocking shelves at the grocery store can go to work the people working at Walmart and go to work but the people at the boutique selling clothes or factory workers can’t go to work but Wallmart can sell clothes and the products the factory works made.


Go stand in line at Walmart next to everyone else but people can’t go to a factory to produce parts?


Print more and more money, devalue the dollar, increase inflation,increase wages and nobody has to go to work....

when their unemployment runs out they’ll need to go back to work.
Unless another socialist program jumps in and we can pay people to stay home forever. unless another socialist program jumps in and we can pay people to stay home forever

We Will turn into Brazil,, What color is the sky in your world ?
more fear mongering.
Their slums make our slums look like upper middle class housing.
Their health care syestem is almost nonexistent.

The reality is we need to open the country up people go back to work. Unlike Brazil Who’s population is relatively poor,packed in together in run down slums and uneducated ,we use the proper safeguards and technology.

Let the free enterprise syestem work.
1) I took over the family business when my father got sick suddenly from Diabetes and couldn’t run it any longer.

2) I am a socialist. That is true. My plan however, wasn’t a socialist redistribution of the system. It could take on that character and I would prefer that but that wasn’t necessarily an outcome.

3) I have two degrees in Philosophy of Mind and Economics and I was on track to be a professor.

4) Sucking Grease is just one of our many services this month I am install hoods.
 

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Blah blah blah.
The family business didn’t need a economist...
Becuse your dad got sick is not a reason to keep it open you kept it open because you had no other optionions, ie you couldn’t find work in your field of study
Economists who work in their field of study say,
“Economists say the best chance for any sort of recovery is to get as many workers as possible back into their old jobs.”

What’s more, macroeconomists have typically spent their careers preparing to understand and respond to crises in the economy. They are acutely attuned to the grave dangers associated with an economy grinding to a halt. When they see governments taking measures that will have precisely that effect, they’re preconditioned to respond with horror and to advise a different course of action.
Unlike you....
The vast majority of economists predict the U.S. will start to rebound later in the year,

Time to play with your truck or go back to work.
“It takes more time to get ‘back to play’ than to ‘get back to work’,” said Catherine Mann, chief economist at Citigroup Inc.


Economically, the state can't afford to stay shut for a year or more until a vaccine is developed.

To shut down your Brazil analogy.

For a growing chorus of economists, the notion of weighing deaths against the economy is fundamentally flawed.
“One can do those types of quite gruesome calculations” said MIT economist Emil Verner. But evidence suggests “that in some sense, that’s a false tradeoff,” he said.

Paul Winfree, director of economic policy studies at the conservative Heritage Foundation, agrees that easing restrictions too early could be damaging. But, he said, allowing the downturn to deepen into a depression would ultimately negatively impact health.
 

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Discussion Starter #151
Blah blah blah.
The family business didn’t need a economist...
Becuse your dad got sick is not a reason to keep it open you kept it open because you had no other optionions, ie you couldn’t find work in your field of study
Economists who work in their field of study say,
“Economists say the best chance for any sort of recovery is to get as many workers as possible back into their old jobs.”

What’s more, macroeconomists have typically spent their careers preparing to understand and respond to crises in the economy. They are acutely attuned to the grave dangers associated with an economy grinding to a halt. When they see governments taking measures that will have precisely that effect, they’re preconditioned to respond with horror and to advise a different course of action.
Unlike you....
The vast majority of economists predict the U.S. will start to rebound later in the year,

Time to play with your truck or go back to work.
“It takes more time to get ‘back to play’ than to ‘get back to work’,” said Catherine Mann, chief economist at Citigroup Inc.


Economically, the state can't afford to stay shut for a year or more until a vaccine is developed.

To shut down your Brazil analogy.

For a growing chorus of economists, the notion of weighing deaths against the economy is fundamentally flawed.
“One can do those types of quite gruesome calculations” said MIT economist Emil Verner. But evidence suggests “that in some sense, that’s a false tradeoff,” he said.

Paul Winfree, director of economic policy studies at the conservative Heritage Foundation, agrees that easing restrictions too early could be damaging. But, he said, allowing the downturn to deepen into a depression would ultimately negatively impact health.
Clueless as ever... I didn't return to the family business as an economist I returned to manage it so my folks could retire and enjoy their old age. But, of course you know exactly what the particulars of my situation because you used your psychic powers. How could I ever forget.


Now, I was never going to be an economist. I was working on a cross discipline Phd on how decision making processes of the human as related to Economics. In other words I was studying the concept of the how the human interrupts economic inputs. So my primary line of focus was Philosophy of Mind and I like Economics and Political Science.... I was going to be a Philosophy Professor.

You do realize that many economists make the wrong predictions? See great depression, the depression of 1893 and of course the Great Recession.
 

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Discussion Starter #155
5D695111-4D8C-48D4-980D-ACC2A1E2CBB8.jpeg

The Second Boer War and MMT it might explain why The DSA called me too radical for them recently... I call them cowards.
5D695111-4D8C-48D4-980D-ACC2A1E2CBB8.jpeg
 
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