http://www.nytimes.com/2013/05/04/business/economy/us-adds-165000-jobs-in-april.html?pagewanted=all&_r=0
Today in class, an article named "Jobs Data Eases Fears of Economic Slowdown in US". According to the text, nearly 200,000 jobs have been created monthly since the beginning of the year making the country's unemployment rate go the lowest it has been since 2008. This good news left the stock market with a 1 percent. Currently,although, unemployment rates are about 7.5% which although is a good number still could be a lot better. Some people such as Alan Krueger have been very optimistic about the new status of the country stating that :“While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression". Other people although such as Mr.Daco believe the country would have been better off and further in its economy if it wasn't for the government, meaning the nearly 200,000 jobs are not making a great difference in the economy.
Based on what you have heard today do you believe adding more jobs to the country will ease the economy? Explain.
I would have to say that adding more jobs is and will continue to help the economy. Although the cause of the Great Depression is debated, most people agree that it was partially caused by the 1929 crash of the stock market which resulted in a disruption of trade in the free market, forcing companies to shut down and fire their workers. If no one is working then no one can make money to start businesses or simply buy a house. It's similar now, the degree much less extreme, but when the housing market went down the toilet, people stopped buying things. Plus many people got laid off so they weren't making money. Adding jobs allows for people to start making an income again and make them less reluctant to buy houses and cars and invest. It allows people to buy products from companies which in turn helps the companies grow. Then those companies can hire more people since they can expand and more people have jobs and money. I may sound repetitive but that's how I think about it. It's an incredibly slow process to rebuild the economy but this is a great way to help.
ReplyDeleteI agree with David in the fact that creating more jobs will benefit the economy. I don't agree with Mr. Daco when he said that more jobs won't help the economy. I believe that our government should continue creating more jobs because it will help reduce the unemployment rate. I think it is important for every citizens in the United States to have an opportunity to earn a job. The more jobs that are available will help families out of poverty and will stabilize our country. In the article Alan Krueger states “While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” If creating more jobs is improving the economy, I don't understand how Mr.Daco believes that it's the governments fault. Any solution to fixing the economy won't solve the problem instantly but will help the country on its way recovery.
ReplyDeleteI believe adding jobs of some types will help the economy. Of course, if a job is created that not many people are qualified to do, the job may not be filled and will not improve the economy. In order to improve the economy, jobs must be created that will employ many people. However, these jobs cannot just be random ones created for no reason or jobs that somebody else is already doing, they need to be actual jobs that will help the business or organization that employs the person. Also, workers need to be fully and properly trained for these jobs so that they can do it effectively.
ReplyDeleteI agree with everyone above me. If more jobs are created that means more money would go into the economy through taxes and those people being able to spend the money they make. But like Ford said, the government cannot create random jobs. The jobs they create must be working class caliber jobs, that do not require PHD's. They can create a limited amount of these jobs, but they must create more of these jobs so most of the general public can be active in these jobs.
ReplyDeleteI agree with everyone above me. If more jobs are created that means more money would go into the economy through taxes and those people being able to spend the money they make. But like Ford said, the government cannot create random jobs. The jobs they create must be working class caliber jobs, that do not require PHD's. They can create a limited amount of these jobs, but they must create more of these jobs so most of the general public can be active in these jobs.
ReplyDeleteI also agree with everyone else. Adding more jobs is important, because it enables people who are unemployed to get jobs, which then cycles money back into the economy by taxes and their ability to spend money on not only necessities but on excess stuff, like going out to dinner or a toy their child had to have. Like Ford said, these jobs can't just be created randomly, but many people lose their jobs due to the business they work for having to shut down or finacial problems and having to make cuts. The government can creat new jobs from this by reviving the old jobs lost. Instead of spending millions on creating new jobs, money should be spent on easing the finacial crisis of these businesses and enabling them to bring people back to their old jobs.
ReplyDeleteI completely agree with everyone above me. Creating more jobs will definetely benefit the economy. If more jobs are added, an income can continue being made and allow people to be less reluctant to invest in certain things. Like Nicole said, the unemployment is high and if more jobs are created it will help to reduce this rate. The jobs that are created must be jobs that most people can apply and succeed in, and not one that requires certain skills that some may not have. Adding more jobs will overall benefit the economy and help people.
ReplyDeleteI think that adding more jobs will not help the economy. This is because if most of these jobs are added by the government, the government has to pay for employees' salary. Therefore, the money made from taxes from these jobs will just go back to the people who are paying taxes. Also, if these jobs are created by something like the stimulus package that Obama had to help the economy, they will only be short term, and then in a few months 200,000 more people will be out of a job. Therefore, I think that adding more jobs does not necessarily help the economy.
ReplyDeleteI think that adding more jobs will help the economy a lot. It will improve the financial situation of so many Americans, and probably allow some people to not have to rely on the government for their income. I do not see a negative point to adding more jobs into the economy, because so many people need them. It does not really seem like an option to me.
ReplyDeleteAdding more jobs to the country will not help in away to stabilize the economy. It may help with unemployment for a little bit, although soon it will collapse once again. The economy is not based on jobs but it could be ruined by them. If a company opens up more jobs such as the 200,000 listed above, this is less profit the company will be making, thus hurting that company in the long run. The company will most likely have to start making cuts again due to the lack of income. this will hurt the economy due to the companies lack of funds. This plan has nothing to do with the stabilization of finances, but the employment of people. Frankly i feel that we already have to many people in America to employ everyone. Sadly, we continue to allow people to flood in while there isn't eve enough jobs and room for those already living here.
ReplyDeleteI do not wholly agree that adding more jobs will stabilize the economy we have as of now. I think it is merely just to help those without jobs, which of course is a great thing, but it will not help stabilize our economy from the root of the entire problem. Though I believe this, I also think it would strengthen the economy in a minute way because those feeding off of unemployment benefits that come from the taxes of those who work hard for their money would be of a lesser percentage. But as a whole, those who employ people have a certain amount of money to distribute to employees, and the more people added to the workforce may not add up to the amount of profits brought in therefore causing a constant cycle of problems.
ReplyDeleteAs a whole, I do not believe that adding more jobs for people in America will not completely stabilize the economy, but I do believe that it will help. I think this because adding more jobs will help create more purchases, adding more money into the already flowing economy. Also with more jobs, people won't need as help from government ran programs and the money that is saved from those programs can then lead into helping other unemployed people get jobs. Or anything else that will stabilize the economy. I don't believe that the creation of more jobs will completely stabilize the economy because the rates have lowered so much, and even though it has helped the economy, it hasn't completely stabilized it. Maybe I am wrong, but the future will show us as unemployment rates hopefully lower.
ReplyDeleteYes, I believe that the more jobs that are in the provided in the country will obviously help the economy. However I don't think that that Mr. Daco was saying that the 200,000 jobs aren't helping the economy. I believe he instead meant that there would have been no need for the new 200,000 jobs because the economy wouldn't have been in such a bad shape without the governments intervention. The more jobs there are the more stimulation there will be in the economy. People will be able to afford more things, allowing companies to allow them to be able to hire more people, creating more jobs there for stimulating the economy further.
ReplyDeleteAs everyone above me said creating more jobs would help the economy but for businesses to be able to be created they must have a enough money, and with the economy in its current state that is difficult. As ford suggested the jobs that would have to bee created are jobs fro people without collage degrees. And in this new age of white collar workers there is not a good way to do that. The jobs cant magically be created there has to be industry's looking for employes.
ReplyDeleteI would also have to say that adding jobs to the economy would help it. If there are more jobs, then there will be more money out in circulation which can only help the economy. I agree with what Ford said, that jobs would have to be for people without college degrees. The unemployment problem is mostly directed toward people without a college degree. I also agree with Adam that jobs created must have a purpose, and should not simply be for the sake of creating jobs to lower unemployment. Something like a long term building project could work.
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