What is Digg?136 Comments
- stubarwick, on 02/05/2008, -5/+32Job market sucks...economy sucks...being a recent college graduate with a crap ton of loans and not being able to find a job to repay them...sucks...thanks trade deficit, weak dollar, and crap-tastic housing market! You make each and every day especially interesting.
- Berkana, on 02/05/2008, -3/+27And thus the vindication of the saying: "Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist." (Kenneth E. Boulding) (Remember this? http://www.digg.com/business_finance/Our_Debt_base ... )
- inactive, on 02/05/2008, -1/+18Slashing education funding won't do much to make Americans more employable.
- MacEnvy, on 02/05/2008, -1/+18The jobs "created" during those 4 years were largely in the service industry (not bad in itself) and were low-paying, unskilled, no-benefits labor (very bad).
If you remove good jobs and create bad ones, and it takes two new jobs to make the same income for a family as the old single job, that is NOT a benefit to the economy. - inactive, on 02/05/2008, -7/+23Well, I'll give you points for trying, but that's about it.
The recession isn't "necessary", it's the effect of the unregulated douchebaggery going on in the financial industry and President *****'s failure to balance a single budget while blowing hundreds of billions to blow up Iraq. It's not a natural recession, it was brought about by greedy lenders overvaluing properties and then selling the value on. It was basically a big pyramid scheme.
And the idea that losing a job isn't tragic is moronic beyond words. Losing a job is going to destroy families in America. I know you think you are so smart that you'd find work anytime you wanted, but MOST of the country's job markets aren't like that. If you spent a little thought on the matter you'd realize that when a lot of people look for the same kind of work at once wages drop substantially as employers are always determined to pay as little as possible for the maximum amount of work. - hydroplane, on 02/05/2008, -6/+22You are blowing 3rd rate B school ***** out of your ass.
- reiggin, on 02/05/2008, -7/+22Digg: Your Source for Sensationalized Doom & Gloom. Get your FUD here!
Seriously, when things turn positive, there's nary a peep from diggers. The only articles that make it to the front page are those that sensationalize the bad and turn a deaf ear to the positive. It's like reading a tabloid on American life. I'm not saying the world (or the USA) is all peaches and roses but you sure see a lot more pits and thorns on Digg. When jobless claims go down or when there's news of a sharp decline in violence in Fallujah, these stories never appear on the front page. Let alone, the true definition of a recession is quietly overlooked by diggers (two or more consecutive quarters of negative real economic growth). While slowing, we have not had one quarter of negative growth. A recession is not imminent. It may happen but it's not a given. Sensational news and negative attitudes do nothing to stave this, either. - chronusmcgee, on 02/05/2008, -4/+18The jobs that were created were H1 an L1 visa jobs. Citizen jobs decreased by 44% over the lest year, and by 73% over the last ten. Not my statistics, these come from the Federal government. Numbers are adjusted to reflect reduction in wages.
- regeya, on 02/05/2008, -0/+12Amen. This is what infuriates me when Bush goes on about how the job market is awesome.
I do have to point out, though, that the jobless rate is no higher under the Bush administration than it was under the Clinton administration...but you're right, the only thing keeping it afloat is unskilled labor. - themoosejuice, on 02/05/2008, -6/+18Dont forget all the high paying jobs that were lost in the past 2 years and now those people are making $10 hour in sucky jobs. Middle class will fade away along with any business that depends on them. USA has a tough time ahead.
- chronusmcgee, on 02/05/2008, -2/+14When jobs are freely exported and product is freely imported, eventually all jobs will be exported, and no products will be imported because nobody will be able to afford them.
In globalism there is no such thing as a level playing field. All marbles roll to the lowest part of the table, and then off onto the floor to be lost forever, in the piles of waste left over from the binge of self serving greed and destruction. - rz8472, on 02/05/2008, -0/+11How about the fact that the average savings rate is negative and that median income is down?
- charmaniac, on 02/05/2008, -4/+14I can think of 6 people off the top of my head who obtained 4 year college degrees or advanced graduate degrees that cannot obtain even entry level jobs in their chosen profession. These are people who graduated from law school, got computer science degrees or MBA's. The job market for skilled, educated workers is horrible right now.
- birdly, on 02/05/2008, -2/+11Yeah, it's all the Democrats' fault. What we need are more tax cuts for the rich. That way they can get richer, and maybe they'll give some of it to the poor via jobs!
As Chumley would say, "Duhhh.....that sounds logical." Emphasis on the Duhhh - pintomp3, on 02/05/2008, -0/+9well, bush created manufacturing jobs by redefining burger flipping as manufacturing:
http://www.alternet.org/columnists/story/18079/
he reduced hunger by calling it "low food security"
http://www.huffingtonpost.com/shelley-lewis/usda-h ... - inactive, on 02/05/2008, -0/+8You are teh smart one. Preach to us brother why we should vote for the tax cuts for ultra-wealthy.
- sockpuppets, on 02/05/2008, -2/+9Spelled backwards is Luap-nor, the Celtic God of hamster herding.
- raffyoh, on 02/05/2008, -0/+7the baby boomers are also leaving the workforce... that's a tremendous amount of people.
- inactive, on 02/05/2008, -2/+9No, rich people are investing in developing markets and ETFs at a far higher rate than they are investing in precious metals or any other commodity. If you weren't poor you'd probably know this.
- jackgalt, on 02/05/2008, -13/+20Two types of diggers read economic articles like this:
1. People who understand economics and enjoy getting pissed off at the media's socialist spin on everything
2. Self-pitying socialists who need someone to blame whenever life isn't a cake walk
Which type are you? - londubh, on 02/05/2008, -3/+10The good jobs machine conked out a long time ago. All that's left is Wal Mart and McDonald's. Learn the following phrases by heart "Clean up on aisle 7" and "Would you like fries with that?"
- inactive, on 02/05/2008, -0/+7You are confusing rich people with corporations.
- DrMonkeyLove, on 02/05/2008, -1/+7No way! I'm pretty sure Warren Buffett made billions in gold and silver, and definitely NOT the stock market. I'm sure of it!
- postaboy, on 02/05/2008, -19/+254 years of consecutive job creation and all it takes is 1 month of job loss for it to be a troubling trend? This is clearly a sensationalized article and headline.
- tehxen3, on 02/05/2008, -2/+8More like R.I.P. Digg.
- inactive, on 02/05/2008, -4/+10The weak dollar isn't your enemy here.
- Jenadae, on 02/05/2008, -2/+8Geez, don't be so optimistic... it will be more around 2015
- inactive, on 02/05/2008, -2/+7Oh, the rich people. What will we do without them!?! Do not leave us rich people. LMAO
- Timetheos, on 02/05/2008, -0/+5The SW industry has been fairly stable. Corps are learning that India sucks, and the weakening dollar makes it more attractive to hire in the USA.
Literally, I heard a R&D VP say "We have a great team in India; I only wish we could get them to code."
(BTW: My comments here have nothing to do with racism. It has to do with the fact that they had a hiring boom (much like the US had in the late 1990s), where unqualified people are flooding the job market. Furthermore, it's hard enough to get requirements correct when you're in the same building, let alone across the world.) - podperson, on 02/05/2008, -0/+5There was a truly marvellous political cartoon back in the mid-90s where a group of bankers are discussing how great it is that so many millions of jobs have been created as a waiter serves them drinks and thinks "yeah, and I've got three of them".
- burtonbe, on 02/05/2008, -0/+5Source please?
- sockpuppets, on 02/05/2008, -3/+8I hope they sink. I'll paddle by with my inflatable pool furniture to rescue their daughters and accompanying trust funds.
- tempurasama, on 02/05/2008, -0/+5I also feel your pain. I'm also a recent college grad with no job and tons of loans. It's even hard now to find temp work that will pay over $8 an hour. I can't live on $8 an hour, not in LA. So we just have to keep our chins up an keep looking, not everyone is born rich or have their opportunities handed to them on a plate. Just keep an eye out. A nice thing about being a recent college grad is that you're used to crap food and sub standard living conditions. The thought that keeps me going is that I look back on today fondly as "good times" in my own home and debt free.
- TheGuruStud, on 02/05/2008, -1/+5or by a few elite that control what is bought and sold. I think I know which one is happening...
- charmaniac, on 02/05/2008, -0/+4I am pointing out that the so called "professionals" who relied on computer models and spreadsheets were dead wrong and now hundreds of billions of dollars in market value will evaporate. Possibly trillions. Bad loans and bad securities all premised on the mind boggling concept that real estate prices would never go down. I blame the people who set the system up that allowed these types of loans to be made in the first place.
- jsdratm, on 02/05/2008, -2/+6My company can't hire enough people and we hired something like 500 engineers in the last year. Check out Rockwell Collins if you are willing to move to Iowa and want to work on avionics or DoD projects and get a $12k sign on bonus.
- Wacer, on 02/05/2008, -1/+5Remember the Mayan calendar. Can't be more than 2012.
- crapmatic, on 02/05/2008, -2/+6Well, reading MetaFilter and Digg it seems like everyone is making a cushy $120,000 and easily knocking out $2000/month rents or mortgages. Is the orgy over?
- pintomp3, on 02/05/2008, -1/+5but we'll be free. free of jobs.
- charmaniac, on 02/05/2008, -0/+4"The idea that losing a job is only tragic if said person has done virtually no saving and is completely uneducated."
Not tragic. Perfectly reasonable. I am sure that the children who lose health insurance because their father was laid off will accept that explanation. I am sure the wife of that father will be just peachy with that explanation after she is forced out of her house due to foreclosure. People bought into an American Dream which apparently no longer exists, unless you are a CEO making 400 times your base workers salary, of course. - Jenadae, on 02/05/2008, -3/+7"increasing success in Iraq"... where have you been?
- charmaniac, on 02/05/2008, -4/+8You offer a false dichotomy. I am the type of digger who uses his EYES to see the large amount of houses for sale in and around my neighborhood and city, across my state. I am the type of digger who notices that foreclosure rates have risen at an alarming rate while the number of folks with health insurance have fallen. Turns out all the computer models were wrong. Who knew?
- edebolt, on 02/05/2008, -1/+5Yup 100 % correct.. if your a loser digger living in your mom's basement eating cheese snacks then the cup is always half empty.
- inactive, on 02/05/2008, -3/+7Ohh, please give us some FIRST rate B School advice then!
- cheese06, on 02/05/2008, -0/+3I'm in the same boat as you buddy, recent college grad with a hard time finding even temp work. I mean, I can't fully blame the job market for my job-seeking woes, my sub 3.0 GPA and generic "Global Studies" major doesn't help neither. Nevertheless, I'm quite optimistic about my future, lets all keep our chins up yeah?
- SemiSarcastic, on 02/05/2008, -0/+3That be true, that be true...
- MacEnvy, on 02/05/2008, -0/+3The Native Americans knew plenty about the lunar and solar cycles before Columbus landed in the Caribbean. The Mayans in particular probably had a better handle on it than most European polities.
- Dorian822, on 02/05/2008, -0/+3We need to stop the export of jobs, raise the standards for employees and give every American a fair shake. Stop allowing corporations to pocket so much off the sweat of so many.
- roodammy44, on 02/05/2008, -0/+3Ahahahaha, socialist?
Americans wouldn't know socialist if it slapped you round the face!
You remind me of the same digg types who say people deserve to die from easily preventable diseases if they don't have enough money.
"The biggest problem with the way that we've been doing things is The more we let you have the less that I'll be keeping for me" - NIN - Berkana, on 02/05/2008, -0/+34 years of continued job growth? I think you are leaving out some crucial information. Read up: http://www.alternet.org/workplace/74262/
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