jobless recovery???

[capthek]

This may bring back a similar question going around back after the dot com bomb.  Why is the recovery largely jobless?  Back in 2000 I wondered if the world had become similar to the US in that the geography of jobs is uneven.  By this, I mean that you can have less unions and tax breaks in the South and this leads to companies and jobs moving to

Comments

This is a big part of it

[zyclobonzaron]

We have enough manufactured goods from abroad lined up in warehouses and seaports to supply the U.S. with crap for almost 20 years. Her are some points to consider:
A)Most people own a bunch of crap already, they don't really need more than five TVs
B)Many people have no job because most of the jobs went away.
C)New businesses fail because they can't provide anything that isn't already stacked to the roof in the (Best Buy, Target, WalMart, etc) warehouse.
D)New businesses can't compete against the vast corporate monsters that already dominate the marketplace with volume discounts. (This would apply to goods and services)

With no consumer buying power to clear out the stockpiles, domestic demand for new business product is not just low, it's ultra-low. Most people would be relying on the government to support them with SOME kind of program. If the government can get their latest stimulus to the people in the form of employment (temp or not) they might have a chance. Otherwise, tent city here we come.

Re: This is a big part of it

[capthek]

Interestingly, those stores are now literally just throwing things out. I am something of a dumpster diver and have seen this first hand. And I am not only talking about food (that still have not passed it's expiration date by the way) but thinks like vast amounts of make up, shoes, dishes, clothing, all new!

Of course, capitalism requiring refuse is nothing new. I was once a part of a reading group looking at this connection.

[faceconomics]

Faceconomics-- is a macro/micro economics social and economic development adaptation utilizing social media to influence changes in market development worldwide. It is often attributed to the economic potential of a group or members of a society utilizing social media to influence market segmentation and or to attract foreign direct investment in market entry worldwide[1]. Faceconomics is the multiplier effect consists of various demographics of users engaging the world community to expand on business,cultural,social,political,and in an international platform focusing on the globalization of markets[2]Faceconomics was conceived in 2006 and developed into a book project in 2010