Category Archives: Economy

How To Reduce Unemployment

I have long argued that if we are going to pay people not to work, we should be allowed to dictate what we want for that pay.  For example, when I go to work, my boss is able to guide my activities.  He gets to prioritize my day and my efforts.  He gets to do this because we have entered into some agreement where I end up getting paid.

I see little difference when we provide Unemployment Benefits to folks who aren’t working.

In theory, the benefits are meant to provide some relief to the out of work individual during their time looking for gainful employment.  Even while I disagree with the program, I can understand what we’re all trying to do.  I really do.

However, if we are going to be spending all this money to help people out, I think that we should be able to watch over the program.  For example, if we want people to find a job, we should ask that they come to a “job finding office”.  That is a place where computers would be available, resume consultants and even job placement professionals.  To be sure, if someone has an interview, they would be free to attend and “time off” would be accommodated.

Further, if there is time in the day when filling out applications and constructing resume’s has ended, there must, MUST, be good work the folks could engage in in an effort to “earn” the benefit pay.  That good work could even be charity or community service; reading to kids or the elderly.  Anything.

Well, it seems as if lawmakers are reading Tarheel Red:

A Georgia lawmaker wants the unemployed to put in community service hours in exchange for their government-paid jobless benefits.

John Albers, a Republican state senator, has proposed a bill that would require out-of-work Georgians to volunteer at charities at least 24 hours every week, according to MyFoxAtlanta.com. Otherwise, they wouldn’t receive unemployment benefits.

“We want to have a society that is responsible and that is accountable,” he said.

The lawmaker, who calls his bill the Dignity for the Unemployed Act, brushed off concerns that the volunteerism would cut into valuable job-searching time. And he said the law would provide “flexibility” so that if somebody needs to go to extra interviews one week, he or she could make up the volunteerism hours the following week.

Now, to be sure, I have some issues with the good congressman.  I don’t think that we need the government to dictate charity, this sounds like Obama.  And second, I would flat out give the candidate excused time for ANY work related activities.  Got an interview?  Go, good luck and win that job!

Certainly there is room for compromise here, yes?

Government Jobs

Even as the unemployment rate is going down, and maybe more because people are opting out of the workforce, it still is true that getting a job working for the government is a good bet:

Durham, N.C. — The Durham County Board of Commissioners’ recent approval of salary increases for county employees of up to 32 percent, which has raised questions among some.

While most county employees were awarded raises of up to 4.25 percent, County Manager Mike Ruffin received a 10 percent raise and the clerk to the Board of Commissioners, Michelle Parker-Evans, got a 32 percent raise.

Nice.

Occupy Wall Street Does Something Right

I have been harsh in my critique of the Occupy crowd.  In reality, the majority of the protesters are unemployed kids who’ve been coddled through life and feel that the world owes them …. something.  They don’t even know what.

Whatever.

I was very surprised today to read something that shocked me.  An idea generated from the 99% that could get even me to join in.  They wanna start a bank:

Members of Occupy SF announced their ambitious plans to turn protesters into bankers by creating the People’s Reserve Credit Union. According to Occupy SF’s Facebook page:

The goal of this project is to encourage San Francisco residents, businesses, as well as nonprofit and city agencies to keep their money out of the big banks and to redistribute that money locally. Initial services will include micro-loans for the working poor and homeless, and subsidized student loans at low interest rates.


This is EXCELLENT news.  And not only because I think that young energetic people who have nothing better to do with their time should get a job, but because I have long LONG begged for the Leftists of the world to unite and build a company, a non-profit, that would put their beliefs into action.

Wanna get food to poor people cheaper?  Open a not for profit grocery store.

Wanna make gasoline affordable?  Open a not for profit gas station.

Cars too expensive?  Open a car dealership?

Jobs for everyone and cheap shit too!

Even more impressive, in my mind, is the actual definition of a plan.  Something that the Left can’t do.  EVER.

Tax the rich, make them pay their fair share!

More money for education; you hate kids!

More money for homeless kids; you hate the poor!

But when asked how much that would be?  When would enough be enough?

Gotz.  Nada.  Nothing.  Blank “I went to Yale and learned bullshit” looks.

But these kids, they got game:

  • Accumulate capital assets of $7 million or more, through investments by different organizations, members, et al.
  • Open two credit union branches within the city of San Francisco. The first branch location in the mid-Market Street corridor , in the former Social Security Administration storefront (MOCD) , with the assistance of other local nonprofits. Each branch will have a cafe within it and a commercial kitchen available to rent.
  • The credit union will employ students and homeless, creating 60 part-time jobs.
  • Issue 300 to 500 micro-enterprise loans (max. $5,000).
  • Add 1,000 people overall to the city employment payroll.
  • Finance and start a food co-op large enough to support a neighborhood.

If THIS is what the 99% is talking about, count me in!

The Top 1%

Today a friend of mine got a new job.  She didn’t get a promotion, just a new job at the same level she’s been at for the last, oh, 8 years at least. No raise.  No more vacation.  Bonus is the same.

Now, to be sure, she is a VP in her company and is paid well.  But she travels extensively.  She has factories in Asia, Europe and the Americas.  I would estimate that she is gone about 30% of the time.

Her job requires her to work nearly 70 a week minimum; often more than that.  Further, the times of the day that she is working are sporadic; foreign mangers often are not awake in American daylight hours.

The best part?  The was told Friday that she would have to take this new job.  Friday.  And she was told that she would have to move from Seattle to Bismark.  1,200 miles.  This represents the 4th such move, dramatic and required, that she has made in the last 15 years.

She is the 1%.

She deserves it.

Jon Stewart: Occupy Wall Street

It doesn’t matter the organization.  Or the society.  Or the group.

People stratify.

It is the nature of man to maximize self interest.  It’s bred into us through 1000’s of years of evolution.  We look out for ourselves.  And when ourselves are looked out for, we look out for “the us”.  We are tribal individuals.  We just are.

If you can find a system that changes humans from the selfish creatures we are to ones that live in “peace” and “harmony”, then we can talk about how better to arrange human society.  But until then, free and open markets are the single best way to organize ourselves.  If you don’t like human greed and our focus on the material thing, open a church or a synagogue or a mosque.  Something that speaks to improving a man’s character.  His inner self.

But don’t legislate it.

Which brings me to Jon Stewart.  And Occupy Wall Street.

Jon continues to be my 2nd source of comedy; Modern Family is hands down #1.  And in this episode he actually takes down the Occupy crowd.  To his credit.

http://www.thedailyshow.com/watch/wed-november-16-2011/occupy-wall-street-divided

I love the fact that the park has segmented into two classes.  And my favorite part is when the protester dweeb is rambling about “access to the goods of life”.  You know, the guy who is worried about “personal property” as opposed to “private property”.

Props to Jon for a humorous sketch on OWS.  Good stuff.

Republican Control Of North Carolina Congress

In 2010, Republicans took control of both the North Carolina Senate and the North Carolina House for the first time since 1898.  That’s more than 100 years.

And guess what happens when taxes are reigned in while spending is cut:

Raleigh, N.C. — North Carolina’s revenue collections are still ahead of projections set when legislators drew up the state government budget this year.

The General Assembly’s top economist told lawmakers Tuesday the state’s coffers have taken in $115 million above the roughly $6 billion expected through Oct. 31, the first four months of the fiscal year.

The presentation by Barry Boardman to a legislative oversight committee said the amount of taxes withheld from worker paychecks is improving and corporate income tax collections are above targeted levels.

The revenue surplus was about $150 million through September.

The fact that we have a spending problem can only be denied if you are a die hard Statist or a liar.

Who Says The Economy Is Bad?

All over the pace e are seeing and hearing that the private sector is struggling.  We’re not adding jobs, or if we are, just barely.  And even then, the news is that wages are going down.

But how about government jobs?

Durham, N.C. — The Durham County Board of Commissioners’ recent approval of salary increases for county employees of up to 32 percent, which has raised questions among some.

While most county employees were awarded raises of up to 4.25 percent, County Manager Mike Ruffin received a 10 percent raise and the clerk to the Board of Commissioners, Michelle Parker-Evans, got a 32 percent raise.

Good work if ya can get it.

 

Good News For The Market

This news alone should drive the market 200 points:

Rep. Barney Frank (D-Mass.) will announce Monday that he is not seeking re-election, a spokesman said Monday morning.

Frank, the ranking member of the House Financial Services Committee was the architect with Sen. Chris Dodd (D-Conn.) of the sweeping financial reform bill that bears their names.

If there is any one single individual who is the face of blame for the housing bubble and the resulting recession, it’s Barney Frank.

Very good news that this man is retiring.

Alabama Immigration Law: Working As Designed

An occasional commentator and Economics Professor here in North Carolina recently posted that the Alabama Immigration law is suppressing jobs in that state.  As proof, he cited this article:

(CNN) — Fierce critics of Alabama’s controversial new immigration law — and one of its staunchest supporters — are pointing to the arrest of a German Mercedes-Benz executive last week to make their case.

Police in Tuscaloosa, Alabama, pulled the man over because of a problem with the tag on the rental car he was driving, and then detained him when he didn’t have proper identification on hand, according to Alabama’s homeland security director.

Somehow, this is sufficient evidence that immigration laws in Alabama are keeping jobs out of the State.  However, even the article doesn’t think that’s the case:

[Senator] Brewbaker told CNN that requiring immigrants and foreign visitors to carry identification is common around the globe.

“I know a good many people with Hyundai and companies like that have gone to live in Korea. They say, ‘We’re expected to carry our papers with us because we’re foreigners,'” he said. “That’s the standard worldwide. I don’t want Alabama to be any more onerous on visitors, as long as they’re legally present, than anywhere else.”

Yes, of course.  Let us not forget that it’s a Federal Offense not to carry paperwork demonstrating that you are in America legally.  A Federal Offense.  It’s against the law.  If you are in America legally as a foreign visitor, you are breaking the law if you don’t carry paper work on your body.

But I get the point.  After all, the Mercedes executive was Hispanic and we all know that the Republicans are just racist haters:

For state Sen. Dick Brewbaker — one of the law’s backers — the arrest shows that officers aren’t racially profiling and that the state is enforcing the same types of requirements other countries have.

“This police officer in Tuscaloosa, he sure didn’t pull that guy over because he looked Hispanic,” Brewbaker told CNN. “He was just enforcing the law.”

See..?  Wait?  What?

The guy was pulled over for a crime, was asked to provide documentation and then arrested and he WASN’T Hispanic?

Stop it.

But I’m sure he was thrown into prison, tortured and has yet to be released.  Right?

“The incident was resolved when our colleague — who was visiting from Germany on business — was able to provide his driver’s license and other documents to Tuscaloosa Police,” the company said.

What a burden!  The man had to show documents proving he was who he said he was.  And then released.

If anything, the Alabama law is CREATING jobs.  Alabama farm workers are leaving the state in droves creating a shortage of harvesters.  A shortage that the farmers are unable to fill with native American workers.

Indeed.

Income Disparity

Open Question:

Would you be more or less likely to look for a new job if your current job no longer offered vacations and holidays?