Fine Figure of a Man
Well-known member
What is a "product"?
Unemployment Rate? Where will it go?
- Thread starter climbnjump
- Start date
A thing produced by labor, a physical object that represent wealth. The definition I use is a physical product that can be influenced. For example, a bar of silver produced from acanthite can be picked up and held. It's ownership can be exchanged for other items. And it is a stable object that can be further refined into jewelry or coins. A sport's game... is transitory. It's "value" is negated the moment it ends. After that time any use it may have is to make other products (such as a zip drive) more valuable as a marketing tool.
I will concede that some art works may represent wealth on their own, the Mona Lisa or Starry Night for example. But hardly a sport or even a music performance. Recording that performance only reflects the value of the recording medium not the now extinct performance.
Fine Figure of a Man
Well-known member
By that definition a A great many people don’t create any “product”.
Your barber, your doctor, your mechanic, plumber, electrician, The many people that have discovered or invented the things that make our lives vastly better......
As a nurse, I do not create wealth, even though my role is a great benefit to society. But the subject at hand is creating wealth which is the backbone of the economy and fuels employment.
I thought the subject at hand was:
Unemployment Rate? Where will it go?
Then somehow the subject at hand seems to have taken a turn. Not sure how that happened?On another note, thank you for being a nurse and the contribution you make. Not just during COVID but everyday. Nurses make a big difference in peoples daily lives. The work they do is important.
Ron
Fine Figure of a Man
Well-known member
You, and those in your profession, are indeed a great benefit to society. You absolutely do create wealth. The money you earn is spent on the things you want and need, that helps fuel the economy. The money you save and invest builds your personal wealth.
You are confusing commerce with wealth. Throw Keynes out the window, if his theories were valid the USSR and Cuba would be economic powerhouses. And just for the record, the money I save & invest is capital not wealth. While capital is necessary for the creation of wealth and effects employment it is not wealth in and of itself. Keynes would like you to believe every transaction where capital is exchanged is wealth creation, it is not.
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President Joe Biden spoke Friday following the release of April's jobs report, which fell below many experts' predictions. He tried to paint an optimistic picture, even briefly laughing when talking about people calling the numbers disappointing, yet acknowledged "the climb is steep, and we still have a long way to go."
Not even close to expectations yet I am surrounded by help wanted signs. Maybe it's because we are paying people more not to work? Maybe we can assume Biden's plan is nothing but a failure as he looks to toss more money out?
Ron
Not even close to expectations yet I am surrounded by help wanted signs. Maybe it's because we are paying people more not to work? Maybe we can assume Biden's plan is nothing but a failure as he looks to toss more money out?
Ron
If we're drifting back on topic...
Fine Figure of a Man
Well-known member
I don't believe Joe has planned anything for several years now.
Joe's puppet masters are attempting to increase dependency on government. They are succeeding.
Absolutely, create more dependency on government and let's not forget increasing the size of already bloated government.
Ron
Fine Figure of a Man
Well-known member
It is all to keep people "safe", make everything "fair", force "the wealthy" pay their "fair share", end "racism" and of course "Fundamentally transform America".
Elections have consequences. The Harris/Biden campaign promised all of this.
As defined by the left
"Safe" = restrict your freedom
"Fair" = redistribution of personal earnings and assets by threat of force
"The wealthy" = you, if you work hard, live within your means, have property and assets....
"Racism" = whatever the left wants it to mean
"Fundamentally transform America" = exactly what those that hate the country want to do
At least we got rid of the bad orange guy, right?
I really don't think I want to trade my freedoms for a false sense of safety afforded by the government. Don't even get me started on redistribution of the wealth.
The racism thing is pretty interesting. I never knew or thought of myself as racist until the liberals' convinced me I was. I guess it's because I do not share their views. Yeah, the evil bad orange guy is gone and replaced by what? Ron
theotherwaldo
Well-known member
Are you sure this isn't 1984?
Fine Figure of a Man
Well-known member
The most radical leftist anti-American administration in our history.
Just one of Biden's statements to the world about this country;
“It was a murder in the full light of day and it ripped the blinders off for the whole world to see the systemic racism the vice president just referred to. The systemic racism is a stain on our nation’s soul. The knee on the neck of justice for black Americans, profound fear and trauma, the pain, the exhaustion of black and brown Americans experience every single day.” Joe Biden
I agree but back on topic I thought it amusing by how much this administration missed the employment forecast. Good luck on that note and in keeping with the thread title. We know who Biden is pandering to, it's pretty apparent. Face it the guy has been kissing ass for 38 plus years while doing nothing.
Stifling and taxing business is not how to create jobs. Paying people not to work is also not a very bright idea. Increasing corporate taxes is a great way to move jobs out of the country. Glad I am retired so this fool and his friends can't do as much damage to me as when I was working. Let's wait and see how his jobs plans work out. This will be sad but humorous.
Ron
Stifling and taxing business is not how to create jobs. Paying people not to work is also not a very bright idea. Increasing corporate taxes is a great way to move jobs out of the country. Glad I am retired so this fool and his friends can't do as much damage to me as when I was working.
Let's wait and see how his jobs plans work out. This will be sad but humorous. Ron
Fine Figure of a Man
Well-known member
Any honest, intelligent person would agree.
We are not dealing with an honest administration and their goal is not a good economy.
The people behind our puppet in chief see an opportunity to "Fundamentally Transform America". They will do everything possible to accomplish that before the mid term election.
"Unemployment" is on the verge of becoming just another entitlement program, maybe it already is. Large corporations are in bed with the left. They know competition from small business would be smothered with all the regulations the left would impose.
theotherwaldo
Well-known member
-And now the Biden Administration is desperately trying to get the unemployment rate UP!