20 more weeks of unemployment benefits??!!

[wartrace]

Quote from peilthetraveler:

I once read a statistic that said if you have been out of work for longer than 1 year, there is a 95% chance you are unemployable meaning you will not be able to hold down a job again once you do get employed.

A large majority of the people who have been out of work longer than six months are over fifty years of age. Sad fact is that employers will avoid older workers if given an alternative.

The large number of manufacturing jobs that have been lost had a lot of unskilled older workers just hoping to make it to retirement age. They will never work again- or if they do it will be low wage service jobs.

 

[wartrace]

Quote from EMRGLOBAL:

1# ILLEGAL immigration is just that ILLEGAL until the morrons of this country change the name from ILLEGAL to LEGAL or Amnesty or we wake the fuck up and decide to do something about ILLEGAL immigration.

2# UNEMPLOYMENT has now become a Entitlement much like Social Security and Wealfair. NO THE GOV. will not stop the the benni's from roll'n in. They will continue to expand it...may be some hick ups in the road...but there will be more extensions.

3# the DEPRESSION is regional. I just left a Private Equity Firm dealing in OIL ventures to join a Start up dealing with International Freight and Global Trade. It took me all of two days of interviews with the CEO to get the position, after I resigned from the Private Equity Firm. I live in TEXAS.

4# Illegal Immigrants have been hit hard by this depression as construction has come almost to a hault across the country. So, even though they are ILLEGAL, the numbers are high for unemployed. Many are heading back to Mexico.

Research the strongest job markets and you may find the top is Washington DC, soon to be followed by Austin, San Antonio in Texas, to Mobil AL where the new Steel plant and deep sea port is being built. There are pockets of growth across the country.

IL, MA, IN, NY, NJ are all in the tank. As is most of the west coast.
These states have yet to admit they are bankrupt. Look at the yeilds on Munis in those area's. More risk in Munis in the East and West Coast than going long Oil right now.

This is just the beginning of a decade of deleveraging. Get use to it as it will be global.

My new venture will have me dealing with the Global Trade Community and it will be interesting to the pulse on the Trading activity among the nations.

The whole world is not in the shitter...and plenty of people making plenty of Money around the world.

How long would it take for a 55 year old former factory worker with a GED to retrain & join a Start up dealing with International Freight and Global Trade? LOL- THAT is who is unemployed right now- low skilled older workers who had their job off shored or just eliminated. Some may never work again. In my area there have been over a dozen big manufacturing plants that have ceased operations in the past year. They will never reopen.

There are some cities that lost over half of their manufacturing jobs- Look at Dayton, Ohio for instance. The people that used to work at all the firms that shut down there won't be working anytime soon. We are screwed as a nation- people seem to be in denial of reality.



It isn't typically the college educated that is unemployed, if you look at the rate by education levels it is lower skilled people who are most apt to be unemployed.

 

[peilthetraveler]

Quote from joe4422:

How much money can you earn running a leaf blower? Let's assume 8 bucks an hour times 40 hours a week, that's 320 dollars a week. Take out taxes and that's around 260. That's about 1000 dollars a month. Health Insurance for a family is around 700 dollars a month. So that leaves 300 dollars for rent, food, gas, bills, clothes and anything else.


Hmmm... I wonder why people don't consider blowing leaves a job.


The real job however, is owning a land scape company. Picture, if companies couldn't hire illegals, then they wouldn't be able to expand, which would mean more Americans could open land scape companies and make a decent living.

So pretty soon we should have alot of people willing to be leaf blowers now that we have Obamacare.

I think we will start to see boarding houses popping up again one day. Cram 5 or 6 bunk beds in 1 room and charge $150 per month per bed and it works out financially for everyone. $150 x 10 people (or 12) and you get $1500-$1800 per room which more than pays for electricity, water and all that.

Just because we live in america doesnt mean everyone has the right to their own house/apartment. If you cant afford it financially, you need to room with others like they do in other major non-western cities in the world.

 

[Runningbear]

How many people do you know that are prepared to work for $2.50 an hour? Not many I bet.

 

[peilthetraveler]

Quote from Runningbear:

How many people do you know that are prepared to work for $2.50 an hour? Not many I bet.

I could find millions willing to work for that. Of course, most do not live in this country...

There are some American citizens willing to work for $2.13 per hour as waiters & waitresses though.

But the truth is you are right. Nobody is going to work for $2.50 per hour when unemployment pays $450 per week. Food stamps give them another couple of hundred per month. Section 8 pays something like 80% of their rent. Take all that away, and people will work for $1 per hour.

But trust me...you dont want to see an america that looks like that. A 3rd worlder that has earned $2 per day all his life can be a nice person. A 1st worlder american that used to make $20 per hour and now makes $5 per day will be a grumpy mean backstabbing bastard who will cut your throat for a $100 bill.

 

[hippie]

Quote from peilthetraveler:

So pretty soon we should have alot of people willing to be leaf blowers now that we have Obamacare.

I think we will start to see boarding houses popping up again one day. Cram 5 or 6 bunk beds in 1 room and charge $150 per month per bed and it works out financially for everyone. $150 x 10 people (or 12) and you get $1500-$1800 per room which more than pays for electricity, water and all that.

Just because we live in america doesnt mean everyone has the right to their own house/apartment. If you cant afford it financially, you need to room with others like they do in other major non-western cities in the world.

Better to live in an old camper van. Home and transportation all in one. Shower and clean up at 24-hour Fitness or some other communal bathroom or shower.

http://guide2homelessness.blogspot.com/