A community of 30,000 US Transcriptionist serving Medical Transcription Industry

A possible unemployment solution?


Posted: Nov 4, 2010

A financial pundit, James Galbraith, suggested: 

We have a large cohort of people who have been displaced by a major economic crisis,” he says. “It's utterly ridiculous to make them subsist on unemployment insurance, when in fact, there aren’t going to be jobs.  This is not a temporary condition for a great many people.”

Galbraith claims lowering the retirement age would solve that problem. It's a win-win, he says, allowing those nearing retirement age to gain Social Security benefits to help pay the bills; and more importantly, it opens up the labor market to younger workers currently crowded out by the large number of 50 and 60 year old workers vying for the same jobs.

;

I hope he's joking. That's exactly where France is right now - Backwards Typist

[ In Reply To ..]

A professor at the University of Paris with local ties works in France and she explained what and why France is in such turmoil over raising their SS age. Turns out hardly anyone can get a job before they're 30 and those 50 and above are considered not employable and usually lose their jobs. They don't believe in pensions and put their money into real estate and something else. Their SS is all they have.


I wish I would have kept that article to quote directly from it. It also mentioned something about jobs. I can't remember if she said they don't have manufacturing jobs like we do or what.  I tried to find it in the local paper archives and also through Google but coudln't come up with it. It was very interesting and gave insight into France's problems. I wondered why they were so up in arms over uping the age for SS and I now have better insight on the aspect.


 

Similar Messages:

Unemployment Hits 5.3 - And The Other UnemploymentJul 02, 2015
the underemployed number going down. the people who stopped looking going down.     ...
A Solution!Mar 15, 2011
I posted some time ago about having a problem with covering gray/white roots after having my hair colored at the salon.  It gets expensive when your hair grows very fast like mine.  I try to stretch out the time, going every 5 weeks.  In the meantime I have been using the color stick at the roots, which is less than perfect.  It didn't match, felt greasy, etc.  I was giving up hope of finding something that would completely cover and would not turn my hair that pink ...
I Have The Solution For CatholicFeb 21, 2012
catholic church receiived $2.9 billion from US Govt in 2010.  That is nontaxable money.  That is 62% of their budget.  Now, just stop giving my tax dollars to the catholic church.  $2.9 billion can provide lotsa lotsa birth control pills. no suffering consciences. no blood on the dance floor.  EZ squeez-E.   ...
The Slaughter SolutionMar 15, 2010
The House Health-Care Vote and the Constitution No bill can become law unless the exact same text is approved by a majority of both houses of CongressBy MICHAEL W. MCCONNELL Democratic congressional leaders have floated a plan to enact health-care reform by a procedure dubbed "the Slaughter solution." It is named not for the political carnage that it might inflict on their members, but for Rep. Louise Slaughter (D., N.Y.), chair of the powerful House Rules Committee, who proposed it. Under her p ...
Simple Solution For Conservatives.Oct 14, 2009
If you are unhappy with the current administration, start volunteering your time, put your money where your mouth is, and get more conservatives out to vote in future elections.  If your candidates have the majority of votes, you will get the change you seek.  If your candidates do not have the majority of votes, then you are obliged to abide by the laws set forth by those elected to office by the majority.  That is how democracy works. Having tea parties, holding up offensive si ...
No Use Depending On Hildabeast For Outsourcing SolutionAug 01, 2016
Well just heard an ad for Hillary and in it she says that outsourcing is not something you can legislate. Why the heck not. Make it illegal. I don't know why anyone wants to believe her at all. She would do as much if not more damage as Obama has done to our country. ...
Here's A Solution To The Latest Leftist CrazeAug 16, 2017
Why not take all of those "offensive" conderate monuments and place them on the battlefields?  Wouldn't that preserve history and assauge the feelings of lefties?  Seems like a logical solution to me.  Oh, yeah, but, logic.  ...
Unemployment Apr 13, 2010
Here is the historical data from the US Dept. of Labor Bureau of Statistics.    Funny how the last big (and highest) spike was under the Reaganomics regime. As you can see, it isn't as high yet as it was then.  I predict it will peak roughly where it did then and will start to go back down as it did then.  If it keeps rising and does not show signs of a drop, then I'll panic.  After all, most conservatives think Ronnie was wonderful don't they? &nbs ...
UnemploymentMar 14, 2012
Abbott and Costello Discuss Our UNEMPLOYMENT Figures... COSTELLO: I want to talk about the unemployment rate in America.ABBOTT: Good Subject. Terrible Times. It's 9%.COSTELLO: That many people are out of work?ABBOTT: No, that's 16%.COSTELLO: You just said 9%.ABBOTT: 9% Unemployed.COSTELLO: Right 9% out of work.ABBOTT: No, that's 16%.COSTELLO: Okay, so it's 16% unemployed.ABBOTT: No, that's 9%...COSTELLO: WAIT A MINUTE. Is it 9% or 16%?ABBOTT: 9% are unemployed. 16% are ...
UnemploymentMay 26, 2010
Is it possible that somebody receives SS benefits and at the same time also unemployment payments?  My neighbor tells me that he receives both. I think it is possible, but this man is 80 years old and lost his job 16 months ago and is since then collecting unemployment and social security benefits. My question is:  Is there an age limit for receiving unemployment benefits?  I doubt that this man, aged 80, is looking for a job!  He told me that he is so happy looking for ...
Unemployment Down To 7.8. Why?Oct 05, 2012
...
To Uninformed Flamer Poster With The Big Screen TV Solution To BCMar 02, 2012
Speaking of uninformed, there are 820 PP clinics and around 68 million women of child-bearing age in the US.  That works out to around 82,927 women per clinic.  Yeah, that'll work.  Access for those who live hundreds of miles from the nearest facility could prove problematic, dontcha think?  Of those, only a small percentage qualify for tiered cost programs.  Your assumption that PP can handle this all by its lonesome is ridiulous, particularly in view of the relent ...
What Is The Libertarian Solution To The West Virginia Crisis?Jan 11, 2014
From what I understand, Libertarians do not believe in government regulation or assistance.   The West Virgina area recently had a chemical spill making all the available water totally unuseable except for flushing toilets.  Hospitals, nursing homes, restaurants are all  unable to do their jobs.  An etimated population of almost half a million people are affected, as well as the animals.  I wonder who all drank the water before this chemical spill was identifie ...
Two-state Solution Has Been Offered By Israel Several TimesJan 01, 2017
Jordan and Israel were carved out of Transjordan in 1948. Palestine never existed as a state nor was it a part of the Middle East script. At one time during Bill Clinton's presidency, Arafat walked out when Israel offered a solution. They don't want to live in peace. They want to eradicate Jews. This does not include all Arabs living in peace with the Jews in Israel. The press never differentiates this. The underlying problem is that a two-state solution creating a national ...
So, Now What, Obama? UnemploymentFeb 22, 2012
http://news.yahoo.com/unemployment-rate-quietly-hits-nine-percent-003900024.html ...
New Unemployment NumbersMay 05, 2011
(Reuters) - New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday. KEY POINTS: * Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August * Economists polled by Reuters had forecast claims dropping to 410,000. * The prior wee ...
Unemployment Worse, Not BetterDec 03, 2010
http://news.yahoo.com/s/ap/20101203/ap_on_bi_go_ec_fi/us_economy ...
Unemployment Applications Up Again. ThanksApr 28, 2011
http://www.huffingtonpost.com/2011/04/28/us-jobless-claims-april-2011_n_854827.html ...
Unemployment Claims Up.. AGAINJul 21, 2011
http://www.burlingtonfreepress.com/article/20110721/BUSINESS04/110721020/Unemployment-claims-up-again?odyssey=nav%7Chead ...
Unemployment WoesJul 20, 2011
We know it's a tough time and unemployment is high but come on....Read closely.....you have to be certified to earn $10/hr to pick rocks????  This is a real job ad my friend's husband came across.   http://jobs.expresspros.com/us/JOB9993540/Rock-Picker/ Express Employment Professionals is seeking a Rock Picker to work a seasonal day shift position with a local Duluth company. While the position is mainly located in Duluth, the rock picker will be riding to Hoyt Lakes a coup ...
Unemployment Up In 44 States. How Much More Of TheAug 17, 2012
http://www.newsday.com/news/nation/unemployment-up-in-44-states-1.3911646 ...
Unemployment Still DroppingOct 17, 2012
Now at 7.3%. http://www.gallup.com/poll/158060/unadjusted-unemployment-mid-october.aspx   ...
Unemployment Drops....Dec 23, 2013
The number of unemployed dropped in November.  Could this be because of their checks stopping on the 28th of December?  Finally have to go out and find a job - doggone it..... ...
New CBO Report On UnemploymentMar 14, 2014
The Rise in Long-Term Unemployment:  Causes, Effects, and Policy Options      February 20, 2014  Presentation to the Winter Policy Forum of the  National Association of State Workforce Agencies    William J. Carrington  Microeconomic Studies Division  At the bottom of this page is the link to see all the graphs and other iwritten nformation The Rise in Long-Term Unemployment: Causes, Effects, and Policy Options  &nbs ...
Unemployment Below 6% --first Time SinceOct 03, 2014
Wait, I'll get it, yeah.. that's it....President Obama was elected. ...
A Better Solution To America’s Immigration Problem: End Birthright Citizenship.Nov 21, 2014
Sounds like a great start!  Or quite possibly we could enforce our current immigration laws and become more strict, like other countries do, regarding illegal aliens who enter the country without the proper documents?  Is that such a difficult task?  I think not.     Link: http://www.slate.com/articles/news_and_politics/politics/2014/11/obama_immigration_plan_why_it_s_time_to_end_birthright_citizenship.html ...
Why Did The Unemployment Rate Drop?Dec 02, 2011
I think the most encouraging part of this report is in the last paragraph. The U.S. added 120,000 jobs in November, but the unemployment rate posted a huge drop to 8.6% from 9% and a broader unemployment rate fell even more to 15.6% from 16.2%. Why? The number of jobs added comes from a survey of establishment payrolls. The unemployment rate comes from a separate survey of U.S. households. The household survey is much smaller than the establishment survey, and as a result it can swing around a ...
Official Unemployment Rate Down To 9.4% In...smJan 07, 2011
December, not counting the thousands of people whose unemployment benefits have run out and are still unemployed. ...
Tax Cuts And Unemployment VotesDec 13, 2010
At 3:40 p.m., the vote was 54-6 in favor. They need 6 votes to pass. We shall see. Voting against it so far is Birgaman (D), Feingold (D), Leahy (D), Udal (D)l, Sanders(I) , and Gillibrand (D).     ...
More Good News Regarding UnemploymentDec 09, 2010
The Labor Department reported that first time claims for unemployment benefits dropped last week to the second-lowest level this year. Claims fell to 421,000, below the 428,000 figure that Wall Street expected. The four-week average of claims also slid for the fifth straight week, reaching the lowest level since August 2008, before the darkest days of the financial crisis. ...