Closing Thought–08Jun18

Last week Pres. Trump made a statement about the jobs report and the markets were happy….well at least for awhile….

I have a problem with the jobs reports…not because of Trump I have been bitching about them since Poppy Bush’s days……these reports are not accurate and the unemployment figures are off by a lot……

In an article that I found last week there is some saying that as many as 95 million people are no longer in the labor force and as such are not counted in any of these reports……

In what was otherwise a solid jobs report – one which Donald Trump may or may not have leaked in advance – in which the establishment survey reported that a higher than expected 223K jobs were added at a time when numbers below 200K are expected for an economy that is allegedly without slack, the biggest surprise was not in the Establishment survey, but the household, where the unemployment rate tumbled once more, sliding to a new 18 year low of 3.8%, even as the participation rate declined once again, as a result of a stagnant labor force, which was virtually unchanged (161.527MM in April to 161.539MM in May, even as the total civilian non-inst population rose by 182K to 257.454LMM).

What was perhaps more interesting, however, is that for all the talk that the slack in the labor force is set to decline, precisely the opposite is taking place, because in May, the number of people not in the labor force increased by another 170K, rising to 95.915 million, a new all time high.

Adding to this the 6.1 million currently unemployed Americans, there are 102 million Americans who are either unemployed or out of the labor force (and it is also worth noting that of those employed 26.9 million are part-time workers).

In other words, contrary to prevailing economist groupthink, there is a lot of slack in the economy, and if as the latest Beige Book revealed, employers are now hiring drug addicts and felons to make up for the shortage of qualified candidates, a long time will be pass before wages see significant gains.

http://theantimedia.com/americans-no-longer-labor-force/

The figures that are given to the public are not accurate just like the inflation reports…..that is NOT an accurate count…..why?  Food, Gas and Housing are not part of the equation…….how can one get an accurate inflation picture if those sectors are omitted?

The economy may not be as booming as we have thought……just saying a little more accuracy would be helpful….at least to me.

Have a good Friday and I will return for the weekend…..be well, be safe….chuq

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It’s Jobs, Jobs, Jobs!

Making America Great Again!  Apparently we do this by helping China’s ZTE corporation……wait for the WTF!

Remember all those jobs that the president said would come flowing back to the shores of America? 1.7 million jobs created in 2017…..compared to 2.2 million created in 2016….I feel confident that we will have a new day in this country any time now.

Trump is planning to save jobs in China….you heard me….CHINA…..that is the nation of China not China, New Mexico….

President Trump surprised the business world Sunday by saying Washington would help keep the Chinese telecommunications giant ZTE alive—right after US sanctions had crippled it, the New York Times reports. “President Xi of China, and I, are working together to give massive Chinese phone company, ZTE, a way to get back into business, fast,” tweeted Trump. “Too many jobs in China lost. Commerce Department has been instructed to get it done!” The Commerce Department last month imposed a seven-year ban on US companies shipping technology to ZTE, saying it had allowed workers to disregard US trade controls on North Korea and Iran.

Then ZTE, which has 70,000 workers across 160 countries, announced Wednesday that it was stopping “major operating activities.” So, what’s up? “Given his pressure on Beijing on trade, I don’t understand concern for Chinese jobs,” says technology and security expert Adam Segal. In fact, many analysts are “initially scratching their heads,” the Times says, while the Wall Street Journal calls Trump’s about-face “extraordinary.” Reuters notes that US suppliers like Intel and Qualcomm will likely suffer “a significant impact” from the Commerce Department ban. American companies are said to supply 25% to 30% of components used by ZTE, which makes smartphones and gear for telecom networks.

So Trump is going to help save jobs for a Chinese company…that ought to give all those workers that lost their jobs when Harley-Davidson closed their plant to move to Thailand so much confidence and a warm feeling while they try to get some unemployment hopefully they will not suffer the insult of being called a freeloader for needing help.

Also keep in mind that ZTE is one of the companies that has software to make a security breech easy……we will help save jobs and help make security violations so much easier.

That should “Make America Great Again”.

Eugene V. Debs

My weekend begins and as usual I have something different to post…..I do not usually do book or movie reviews but I will make an exception in this case.

In my past I was a member and organizer of the Industrial Workers of the World (IWW) and as a member I learned all about the early days of the workers movement of the early 20th century and one of the giants of the labor movement in those days was Eugene V. Debs.

Tuesday was May Day and a new movie was released about the life of Eugene V. Debs and since I live in a jerkwater town in Mississippi it will not show here so I will have to wait for streaming or the DVD.

I did find a good review of the movie in The American Conservative…….

May Day is a workers’ holiday in socialist history, greeted with joy, celebration, picnics and speeches since at least the 1880s. In contrast, and exactly a century ago, May 1918 was a time of trepidation. The government of Woodrow Wilson, reacting to opposition of US entry into WWI, set out to squelch the free speech of antiwar protesters. At the same time, labor struggles had reached a point that threatened the administration, and so Wilson also set out to drive the Socialist Party and the Industrial Workers of the World out of business entirely, if possible.

Imagine the great socialist hero Eugene Debs at this moment. Sixty-two years old and physically worn out, discouraged because the socialist presidential vote two years earlier had fallen sharply from 1912, he nevertheless rallied his energies. He would speak about the horrors of war and the hopes of socialism, no matter the dangers to himself.

http://www.truth-out.org/opinion/item/44254-american-socialist-film-chronicles-the-life-of-labor-hero-eugene-v-debs

If you live where the movie is showing then you should go watch if you like American history and the people that made this country great and see just what the American worker had to go through to get to where they are today.

Time for a breakfast and a walk……TTFN

Closing Thought–06Dec17

The tax bills are in conference to hammer out the details for one big f*cking of the Middle Class……I have read what parts are not scribbled in some lobbyist lingo and found the one part that is most disturbing to me.

In my younger days I was a labor organizer for the IWW, yes I was a Wobbly and if you do not know that term then you are too young …….and as an organizer I fought hard for workers to to re-trained when their jobs were either outsourced or replaced by machines…..the new tax bill will screw the worker hard and with a smile…..

The section I am referring to…….

Encouraging corporations to automate ― without any help for displaced workers.

A provision of the tax bill would allow companies to deduct from their taxable income the entire cost of certain kinds of business investments that were previously only eligible for a 50 percent deduction. Traditionally, manufacturing firms and other infrastructure-heavy companies took advantage of the deduction to buy new factory equipment.

But the increase in the deduction comes at a time when corporations are investing in automation of their production facilities through the use of robots and artificial intelligence technology, noted Robert Kovacev, a corporate tax attorney for the Steptoe & Johnson law firm in Washington, D.C.

“It’s going to accelerate spending, basically, on robots that could displace workers,” Kovacev told HuffPost.

Kovacev is supportive of the deduction, because automation is likely to increase productivity ― defined as the amount of economic output generated per work-hour. And many experts maintain that, over the long run, this type of technological disruption is a net job creator.

That is likely to serve as cold comfort, however, for the mostly blue-collar workers displaced by automation in the short term. And Congress chose to speed up the automation process without any companion measures to offset the fallout for affected workers.

“It would be a good idea to pair this with a tax incentive to encourage companies either to employ more human workers or retrain them for jobs in the new economy,” Kovacev said.

Some progressive lawmakers have other ideas about how to address the harm caused by automation. For example, San Francisco County Supervisor Jane Kim has explored the idea of implementing a ”robot tax” on companies for every robot they employ to perform a job previously done by humans. The revenue raised by the tax would fund the retraining of displaced workers.

I approve of the “robot tax” and the money used to re-train workers for other aspects of the job.

Every trade union should be on this section of the bill like a pit bull with a lobbyist leg in its mouth.

The workers are screwed every time these cowards try to help their corporate masters….time for them to pay up to help the worker…..PERIOD!

Don’t mourn….organize!

“An injury to one is an injury to all”

Bring back the radicalization that was the IWW!

 

TTFN……tomorrow is another day……chuq

The Murder Of Joe Hill

In my younger years I was a labor organizer for the IWW….I worked mainly with bartenders and casino workers….you have not lived until you try to organize workers at at a casino…..

Anyway as a organizer for the IWW I learned about the early days and especially about one of the “saints” of the labor movement, Joe Hill…..who was murdered in November1915 ……learn more about this extraordinary man……

Don’t mourn – organise!
Joel Emmanuel Haaglund was born in Gefle, Sweden in 1882. He emigrated to the United States in 1901 and settled in California where he changed his name to Joe Hill. Converted to socialism in 1910, Hill became a member of the revolutionary rank-and-file union the Industrial Workers of the World (IWW) and was one of the leaders of the San Pedro dock workers’ strike. In 1912 he was beaten up and permanently scarred during a free speech campaign in San Diego.

Hill, left, was also a songwriter and his socialist songs appeared in the trade union newspapers, Industrial Worker and Solidarity. After his Red Songbook was published his songs were sung on picket lines and demonstrations. Songs such as The Preacher and the Slave (the phrase “pie in the sky” originates from a lyric in this song) and Casey Jones – The Union Scab became internationally known folk songs.

(read on)…..

He was jailed and executed by firing squad in Salt Lake City, Utah…..his final wish was to Big Bill Haywood leader of the IWW….. “Could you arrange to have my body hauled to the state line to be buried? I don’t want to be found dead in Utah.”

Below is a song about Joe Hill sung by Paul Robeson…..

More songs from the IWW…..

Closing Thought–06Nov17

Trump takes to Twitter to condemn Clinton, rag on Sessions, bitch about Comey, rail on about Mueller and pick in”Rocket Man…..in other words he belittles anyone that will not kiss his ass….instead he should be chest thumping about the economy and especially the unemployment rate that has come down under his regime….

US employers added a robust 261,000 jobs in October as the economy recovered from hurricanes that slammed the Southeast in September, per the AP. The Labor Department says the unemployment rate declined to 4.1%, the lowest in nearly 17 years, from 4.2% in September. The burst of hiring (though it was actually below estimates of 325,000, per the Wall Street Journal) mostly reflects a rebound from a trio of hurricanes that temporarily depressed job gains. But it also shows that for all their fury, the storms did not knock the economy off course.

“Now that the storms have passed, the focus can return to the central question for the United States job market: With unemployment low, when will wage growth accelerate?” writes Ben Casselman at the New York Times. Average hourly earnings continue to rise at about 2.5% year-over-year, below the annual rate economists would predict when unemployment is this low. Over the past three months, hiring has averaged 162,000. That is similar to the pace of hiring before the hurricanes. Employers added just 18,000 jobs in September, as thousands of businesses were forced to close. That figure was revised higher from a previous estimate that showed a loss of 33,000.

This is great news for the economy that he, Trump, could take credit for doing but instead he takes to Twitter like the spoiled brat that he is and just shows his stupidity with every new Tweet.

It is tiring writing about the idiot that we put in the White House…if he only had a brain.

That is it for me for today….TTFN….chuq

Labor Day–04Sep17

Today is the first Monday in the month of September and that means we Americans celebrate Labor Day……a day dedicated to the workers of this country and their contributions to society.

This may well be my only post for the day as I would like to spend some time with my better half….Trying to stay off my foot but that is a lot harder than one would think……so I will revert back to the events of the past to bring some light to the labor issue……

The US loses more and more good paying jobs every year…..maybe it is time to step back and see what our ancestors did to improve working conditions in the country.

We need to return to the days when the workers were important enough for a movement to help achieve that better life that all all looking for……

The labor movement in the United States grew out of the need to protect the common interest of workers. For those in the industrial sector, organized labor unions fought for better wages, reasonable hours and safer working conditions. The labor movement led efforts to stop child labor, give health benefits and provide aid to workers who were injured or retired.

Source: Labor Movement – Facts & Summary – HISTORY.com

Below is over 2 hours of labor songs from the early days of the union movement….enjoy!

Put politics aside…..time for the Workers To Unite!

Time to shut the mind down and do things that require little thought…..enjoy your day and I shall return tomorrow with more stuff…..chuq