Unemployment Rate Falls to 5.5%

[jschurchin]

13. Actually I do celebrate when more people join the workforce.

Last edited Fri Mar 6, 2015, 03:51 PM - Edit history (1)

I guess my biggest issue is what I see going on around me compared to what some pencil pusher in Washington is saying is the truth.

I am employed by a Fortune 50 company. When I hired in 2004, 110 men did the same job I did. Now we have 58. We haven't hired new employees in 3 years and we have no intention to hire any this year either.
In the 10 years I have been there the WORST quarter we have had was in 2008, remember that year?, and our profit was ONLY $198 Million for a quarter. We are moving as much product as ever with around half the employees.
We could use AT LEAST 40 more people to help, unfortunately, profit and shareholders come first.

In my hometown we have had 2 company's close up shop and move. These company's were good paying jobs with benefits. For a small town 350 people are now unemployed with no real chance at something paying a decent wage.

If jobs paying people low wages with little benefits and no real chance at owning a home, a new car and the ability to pay their bills without stress excites the people posting here, I feel for those Individuals. However, I do not agree with them.

This is nothing against you personally treestar. You asked do I celebrate when people join the workforce. I absolutely do, provided, it pay's a wage they can survive on. If 300,000 people get a job paying $8/hr, I'm sorry, that just means 300,000 just joined the poverty rolls.