Wednesday, December 27, 2017

Where are the workers?

Low taxes at work! Where are the workers... Living with no AC in the summer
to cut cost being they make children wages and always will shown by
the mass amount of minimum wage retirement in town. Work hard make the same
pay in that takes care of itself in the lack of sales. People living within their pay.

Too many people walking with no cars, cars driving with no bumpers,
living with no AC. Not good candidates for job training being they can't
live themselves. Living within your means does not make growth.
Shown by small towns are small for a reason. Make nothing got nothing.
Small towns don't grow like big cities they all don't grow up!

Also pointing to self sufficient thinking. There is a fine line between
self sufficiency and destitution. Destitution is a no for job training!
The wage gap is too big I don't see the job skills making it.
The wages need to go up as there is no foundation for growth.
Can't afford a $38,000+ student loan! Even in that can't get a
loan anyway they keep saying "Sorry my income is to low!"

Income is too low? But I got a $0.10 raise last year!
Well... I can't help it they won't take my taxes out after
my garnishment I could of used that extra $2 an hour pay!
Because we only have $6 left in the bank. 
"What's in your wallet?" Nothing!!!

Where is this going? What job skills do you want in a place with no foundation
for it? The poor does jot just magically disappear, there will always be around,
with no job skills as they have their own! You get what you pay for!
Not everyone can afford a fridge and so is job skills!
"No one pays cash any more like they used to," says store manager 
Pintoo Mazumdar. "Everyone can get a loan from the bank or the store 
all you need is a bank statement and ID. That's why so many lower income people 
can afford to buy a fridge these days."

~~~~~Tax cuts might create jobs. But where are the workers?
The GOP tax reform was billed as a job creator. But there's one thing missing: Workers.

The United States has 6 million job openings -- near a record high. The good news is that means companies are hiring. The negative: They can't find the workers they need at the price they're willing to pay.

The lack of available and skilled workers is another reason why many economists say now is not the right time to juice the economy by cutting taxes.

There are never zero job openings. The economy is always churning with layoffs, hires, resignations and new openings.

Still, there are reasons why so many jobs are going unfilled.

Employers say in surveys that workers don't have the right job skills and need to be trained or retrained. Construction and manufacturing employers say finding qualified talent is their top problem, according to the National Federation of Independent Businesses, a small business advocacy.

From California farmers to New York City garbage companies, employers say they struggle to find qualified workers willing to do the physically-demanding jobs.

On the other hand, some economists argue that job skills aren't the problem. If companies are really looking to fill a job, they won't have any trouble if they offer more money. After all, wage growth is 2.5%, a sluggish pace.

"Employers really aren't trying that hard. If you really want to fill a position, you would raise the wage," says Susan Helper, a professor at Case Western University in Cleveland who served as the chief economist in the Commerce Department under President Obama. "Employers seem extremely reluctant to raise wages."

Some argue that the tax savings will allow companies to pay higher wages. In fact, some companies, such as AT&T (T) and Wells Fargo (WFC), have announced they are raising wages or offering bonuses as a result of the newly-enacted tax plan.

However, some say wages won't move up significantly if workers' skills aren't up to par. If workers have more advanced job skills, generally their wages increase because what they produce is more valuable or their new knowledge is more in demand. For example, if you go from manufacturing clothing to jet engines because you went through job training or apprenticeship, your wage would likely go up. But training and developing skills can take months to years depending on the jobs in demand in a particular town or city.

"Wages are going nowhere without job training and increased productivity, and there's little to nothing in this tax bill that could catalyze that," says Michael Block, chief strategist at Rhino Trading Partners, an investment firm.

It's not just slow productivity growth that's holding down wages: Automation and globalization have an impact too, but it's hard to parse out or quantify the loss an individual suffers from those big-picture trends, economists say.

But this all assumes employers are looking to hire, train or boost wages.

Many indicators show jobs and wages are on the back burner. Paying down debt and buying stock back from shareholders were the top two goals CEOs mentioned in a survey done this summer by Bank of America (BAC). Mergers and acquisitions was third. Capital spending -- like building plants or upgrading equipment, which can lead to more hiring -- placed fourth.

Only 14% of CEOs said they plan to make immediate capital investments as a result of the tax overhaul, according to a December survey conducted by Yale University. About 43% of executives said they will ramp up hiring in the next six months, according to those polled by Business Roundtable, a business lobby that's spent millions championing tax reform.

In November, a moderator at the Wall Street Journal's CEO Council conference asked for a show of hands to see how many corporate leaders planned to invest in the U.S. from tax cuts. Only a few hands went up.

"Why aren't the other hands up?" White House Economic Adviser Gary Cohn asked laughingly.