KOTOK: The 'Beveridge Curve' Reveals Something Deeply Unsettling About The Labor Market http://www.businessinsider.com/kotok-beveridge-curve-unemployment-2012-5/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 26 Dec 2014 03:08:52 -0500 David Kotok http://www.businessinsider.com/c/4fa569186bb3f7f254000005 Major Sat, 05 May 2012 13:53:28 -0400 http://www.businessinsider.com/c/4fa569186bb3f7f254000005 Nope. You're confusing highly destructive "Capital Monopolies" -- with the functioning capitalism that seeks maximization of return-on-investment, profit, income or surplus. Any idiot can sit atop a pile of ill-gotten capital -- they're of little value or use. http://www.businessinsider.com/c/4fa54b25ecad04832500001c adubs Sat, 05 May 2012 11:45:41 -0400 http://www.businessinsider.com/c/4fa54b25ecad04832500001c I think you have to step back even further and take a look at the nature of capitalism itself to gain a good perspective on what's happening in America. A capitalist is driven to maximize capital. In doing so, production efficiency is at the utmost importance. If this means replacing local labor with mechanization or cheaper overseas labor then so be it. And this is where Capitalism breaks down. As production efficiency increases, the need for labor decreases. We're sliding down that bell curve right now. As long as the unemployed believe that capitalism is the only way, then they will continue to sit around suffering, hoping for the government to help this nation create jobs. For those who know that a new era is upon us, those who want to put the needs of people before capital, they are ones sewing the seeds of revolution. The system is breaking. It can't be helped. You want to believe that the free market can be corrected. That is can keep going. But while a game of monopoly does seem to take forever, it does eventually end. And you know that game ends. The losers hold down the winner and make him eat the game pieces and all his monopoly money. http://www.businessinsider.com/c/4fa4a9096bb3f77f06000003 FredLlede Sat, 05 May 2012 00:14:01 -0400 http://www.businessinsider.com/c/4fa4a9096bb3f77f06000003 Exactly! All's he's done is implement a Heritage Foundation health care plan, cut taxes, reduced the size of gov't and supported Wall St. http://www.businessinsider.com/c/4fa4a05feab8ea7a14000002 Major Fri, 04 May 2012 23:37:03 -0400 http://www.businessinsider.com/c/4fa4a05feab8ea7a14000002 Nah. We simply no longer have enough industries either required to -- or capable of -- making productive use of our nation's labor capacity. See <a href="http://research.stlouisfed.org/fred2/series/EMRATIO" target="_blank">http://research.stlouisfed.org/fred2/series/EMRATIO</a> Our economy has atrophied from high-tech, high value-added goods production -- to relatively unproductive, highly subsidized, wealth consuming, service sectors (like healthcare, education and financial -- services) – all wholly reliant on "customers" who simply can no longer afford the cost of the services offered. http://www.businessinsider.com/c/4fa4934b69bedd907400004d TE Fri, 04 May 2012 22:41:15 -0400 http://www.businessinsider.com/c/4fa4934b69bedd907400004d no, but I can spell R-E-A-G-A-N-O-M-I-C-S http://www.businessinsider.com/c/4fa4832669bedd025b000001 Shamus Fri, 04 May 2012 21:32:22 -0400 http://www.businessinsider.com/c/4fa4832669bedd025b000001 Obama has failed badly in his management of the economy. Perhaps Romney will do no better, but the president has sat back and done nothing to help the situation. This may be because he simply has no idea what to do, or because it really makes no difference to him. http://www.businessinsider.com/c/4fa46d08ecad04431a000014 toddd Fri, 04 May 2012 19:58:00 -0400 http://www.businessinsider.com/c/4fa46d08ecad04431a000014 "Are there unfilled jobs in some industries because there are too few well-trained workers who seek them? That seems to be the case in IT and healthcare. " LOL, yeah. That's what makes this a joke. Of course there are a shortage of well-trained people, if McDonalds could hire PhDs to flip burgers, they would lament the lack of well-trained burger flippers. What is the definition of a "vacancy", does that mean a job is not getting done because no one is there to work it or does it mean some company isn't able to short-change a skilled worker and so the the job goes unfilled, yet not really NEEDED. That's the slippery slope with job vacancies. There may be a few open positions for someone with very unique skills, but the time and effort to become skilled is such a burden that once those jobs go away, you're sorry you wasted the time and money. How many unemployed nurses and lawyers are sorry they believed the hype? The issue is that companies refuse to train nor take responsibility for their workers. They want to have someone already trained, it's a luxury they have. They call it a vacancy, but it's really just a "want to have" otherwise they'd train people. http://www.businessinsider.com/c/4fa4675c69beddce1c000023 TEP Fri, 04 May 2012 19:33:48 -0400 http://www.businessinsider.com/c/4fa4675c69beddce1c000023 Can anyone there spell.... K-O-N-D-R-A-T-I-E-F-F ? ?