Employer Uncertainty? Give Me A Break

[Sirveri]

33. Except that 80% of our production is geared for internal consumption...

So... yeah...

268k in exports to the EU out of 1,480,430.0 total (2011, seasonally adjusted), that's 18% of our total exports (we also have a 100k/yr deficit with them). So 18% of 20% means 3.6% of our total production would be affected, and a downturn wouldn't be more than half of that so we're looking at less than a 2% impact... Now yes, those workers would displace and the ripples would be felt domestically, but that really can't be the reason that US employers aren't hiring. They aren't hiring because they don't need more workers to produce more goods because there isn't demand for those excess goods. Mainly because automation has displaced the need for their labor and the American worker is too productive forcing other workers out of the market (which in turn demolishes their buying power).