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Why Won't Companies Hire? Washington Is In the Way
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Why Won't Companies Hire? Washington Is In the Way

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Why Won't Companies Hire? Washington Is In the Way

The source of Friday's dismal jobs report isn't hard to trace—it starts with the mess in Washington and runs directly through the heart of American business.

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Political Nonsense

Japan called it the "Lost Decade".

It will take many years to work out the debt issues.


Beyond that worker class housing costs have to continue to decline so that they can compete with the workers in low cost countries.

Also do not forget that corporations do not pay income tax on products that are consumed in countries other than the countries where they manufactured because they are able to "launder" the profits through a series of off shore companies.

Want more? Oh well, that should be enough.

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C'mon. It's not about the Washington. Obama. Congress. It's about you. Me. The only way you can better your situation is you. Goverment is not the answer. You gotta do what is right for you. Period.

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Let's get real

Small businesses won't hire because demand is poor, and their tax and regulatory burdens are excessive.

The large corporations get all the breaks. They can handle dealing with the regulations that are intended to be insurmountable for small businesses, and they know how to avoid paying taxes. They are creating plenty of new jobs, but it's just that not many of those jobs are in the United States, since government policies subsidize offshoring.

As the share of output drained off by financial parasites increases, the share remaining for productive labor decreases. Henry Ford realized that the existence of his company ultimately depended on workers being paid enough to be able to afford to buy cars. That lesson has been forgotten.


Guest Post: Marx, Labor's Dwindling Share Of The Economy And The Crisis Of Advanced Capitalism | ZeroHedge

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The jobs are not there anymore

Structural changes in the economy are eliminating the jobs base. Charles Hugh Smith calls this "The End of Work".


charles hugh smith-Russ in Redding: The Human Face of The End of Work

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Quoting 
As I have made clear here many times, Plan A--millions of jobs appearing out of thin air, magically called into existence by the incantations of cargo-cult Keynesians and their Wall Street banker brethren who think all our structural unemployment will go away if only the Federal Reserve shoves another couple trillion dollars into the banks and speculators' hands every year--has failed. We need a Plan B, and we have no models for Plan B. I tried to present such a model in Getting 20 Million Unemployed Back to Productive Work: Here's How (August 16, 2011), but few "got it": neither the Savior State nor the private sector is going to create 20+ million jobs, and the favored panaceas of technology and education aren't going to make it happen, either.


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