CAC Man Breaks Down Why Young People Can't Find Jobs

[Camile.Bidan]

This guy is saying a lot of shyt but ain't saying SH!T. I like him though and he seems like a cool ass dude to grab a beer with.

Here is a professor of Economics from Saint Michael's college who has a greater understanding of how the economy works. The videos are much shorter and you will learn much more information. He's not as politically slanted either.

This is why I believe that Economics is a bunch of bullshyt. Economic Models make too many assumptions. The most ridiculous assumption is that people are all the same, and that somehow there is some Economic Man who makes all the correct and rational decisions all of the time.


Imagine that the toilet paper factory gives jobs to people who are of low intelligence and introverted. They are feel happier working in the Toilet Paper factory because they don't particularly enjoy interacting with people. Then a new machine comes along and gets rid of those jobs in the Toilet Paper Factory. Subsequently, Consumers spend their TP savings on restaurants, and there are increasing employment demands in the Restaurant Industry.

The Low intelligent introverts have no other option but to work in the Restaurants, and because of their natural inclination towards introversion, they feel depressed and unhappy because they are not a "fit" for the new demands in employment. Everyday they feel tortured at work because they don't enjoy interacting with people. In conclusion, sure, those jobs are replaced, but do the workers have an unchanged level of utility? No they don't. They feel less happy and have less fulfilling lives because there is no longer an industry that is a fit for their innate temperament.

 

[Black smoke and cac jokes]

1. They don't. If they did why dont they create enough jobs to employ everyone? Oh thats silly? Why? Exactly.

2. It does. Govt. is often just helping the private sector deal with its intervention in the market.

3. You can seriously think he was wrong.

4. You think America is business friendly? Thats cute.

5. Socialist(in general) aren't objective. and I dont mean that in a negative, way. Its just true.

6. Comparisons to non socialist nations are rejected again I love it.

7.

8. seriously? The barriers into the market are regulations. I'd love to hear how this isnt true.

9.

10. Not sure on this one myself, but it might...

11. ya that was retarded.

1. Let’s get this clear, dude said that consumption was the biggest factor in economic growth.. who’s the largest consumer in the market? Going by his logic, the government will create more jobs by continuing their massive spending since it aids the private sector. That’s a lame ass argument since the government relies on the income of their citizens so what you proposed will create a destructive circle… Come on DEAD you can do better than that.

2. You answered the question brehbreh, he said ALL economic growth comes from the private sector, but if that held true then any external force would be a hinderance to said progress right?

3. So you’re saying a 37% increase in taxes created 37% less output in the private sector? If that was true then that means tax was the sole problem for economic stagnation which has been proven over and over to be false by many economists. Not only that, not a single economic collapse (downturn or recession) was caused by an increase in taxation and Reaganomics has proven that lowering tax does nothing for job growth, so please show me any proof of your rationale.

4. Huh? http://money.cnn.com/galleries/2008...allery.best_countries_for_business.smb/3.html , http://blog.digital.telefonica.com/?press-release=country-highlights-startup-ecosystem-report-2012 , http://www.startupticker.ch/en/news...n-most-entrepreneurial-countries#.UvfagLT2UyU ,

The U.S. does produce proportionately more large start-ups than its peer nations, according to the OECD, and new businesses have a much better than average chance of surviving at least two years here.

5. I’m not even going to bother with this since there is clearly something wrong with the guy in the video if he thinks socialism has anything to do with a failing economy.

6. Wait wait wait… You’re saying Singapore is non-socialists? Have you even looked at their state policies involving health care, education, 100% government own land and owns the majority of the real estate in the country, 1/5 of their output are from government entities. Brehbreh, do you even read up on the countries you hold in such high regard? Anyways, I rejected the two countries since it is hard to compare two countries with a tiny GDP, Population, and economic growth to USA.

7. So no response to this?

8. Look at 4

9. The most ridiculous comment I have ever heard from anyone which solidified his lack of knowledge in anything that regards the financial system within USA and corporations.

10. Well I’m sure and it won’t.

And what's up with all these smilies man? I though HL was for intelligent discussion, those smilies don't tell me shyt about your arguments and/or the logic behind them

it is based on a bunch of economics but we ignore most of their shyt and dismiss it as academics who don't know how it really works.

When you say we you refer to?

 

[h2o_proof]

Jobs are about competition. Any job I've ever worked I've had to size up everyone who did the same thing as me in order to differentiate myself. That's step one. Step two is to begin doing the things required of the next position up in order to make yourself valuable and a seamless fit if there was an opportunity for promotion. This holds true whether you work at Burger King or JP Morgan.

People who just wanna work, be given direct instruction and want no responsibility are always gonna be the last to know when things change and have no right to complain about not having jobs. People that compete can easily ascertain when things are changing and it's time to start looking elsewhere.

I've never understood the concept of "no jobs", I guess I was just raised different. I have a corporate job, but I've also had my share of fast food and other low wage jobs in my life time and no matter what it is, there are opportunities for advancement. If I lost my job today, I'd be running a fukking Taco Bell or Papa John's in 3-6 months no question.

 

[DEAD7]

1. Let’s get this clear, dude said that consumption was the biggest factor in economic growth.. who’s the largest consumer in the market? Going by his logic, the government will create more jobs by continuing their massive spending since it aids the private sector. That’s a lame ass argument since the government relies on the income of their citizens so what you proposed will create a destructive circle… Come on DEAD you can do better than that.
2. You answered the question brehbreh, he said ALL economic growth comes from the private sector, but if that held true then any external force would be a hinderance to said progress right?
3. So you’re saying a 37% increase in taxes created 37% less output in the private sector? If that was true then that means tax was the sole problem for economic stagnation which has been proven over and over to be false by many economists. Not only that, not a single economic collapse (downturn or recession) was caused by an increase in taxation and Reaganomics has proven that lowering tax does nothing for job growth, so please show me any proof of your rationale.
4. Huh? http://money.cnn.com/galleries/2008...allery.best_countries_for_business.smb/3.html , http://blog.digital.telefonica.com/?press-release=country-highlights-startup-ecosystem-report-2012 , http://www.startupticker.ch/en/news...n-most-entrepreneurial-countries#.UvfagLT2UyU ,
5. I’m not even going to bother with this since there is clearly something wrong with the guy in the video if he thinks socialism has anything to do with a failing economy.
6. Wait wait wait… You’re saying Singapore is non-socialists? Have you even looked at their state policies involving health care, education, 100% government own land and owns the majority of the real estate in the country, 1/5 of their output are from government entities. Brehbreh, do you even read up on the countries you hold in such high regard? Anyways, I rejected the two countries since it is hard to compare two countries with a tiny GDP, Population, and economic growth to USA.
7. So no response to this?
8. Look at 4
9. The most ridiculous comment I have ever heard from anyone which solidified his lack of knowledge in anything that regards the financial system within USA and corporations.
10. Well I’m sure and it won’t.

I concede those points to you.


6. No, my point is side by side comparisons of nations are done so selectively its hilarious. For some reason its ok to look at sweden's/singapore's healthcare cost and education, and go they are doing it right, but if their lack of minimum wage is brought up, its thrown in the bushes. Its hilarious.

 

[Midrash]

This is why I believe that Economics is a bunch of bullshyt. Economic Models make too many assumptions. The most ridiculous assumption is that people are all the same, and that somehow there is some Economic Man who makes all the correct and rational decisions all of the time.


Imagine that the toilet paper factory gives jobs to people who are of low intelligence and introverted. They are feel happier working in the Toilet Paper factory because they don't particularly enjoy interacting with people. Then a new machine comes along and gets rid of those jobs in the Toilet Paper Factory. Subsequently, Consumers spend their TP savings on restaurants, and there are increasing employment demands in the Restaurant Industry.

The Low intelligent introverts have no other option but to work in the Restaurants, and because of their natural inclination towards introversion, they feel depressed and unhappy because they are not a "fit" for the new demands in employment. Everyday they feel tortured at work because they don't enjoy interacting with people. In conclusion, sure, those jobs are replaced, but do the workers have an unchanged level of utility? No they don't. They feel less happy and have less fulfilling lives because there is no longer an industry that is a fit for their innate temperament.

Kinda throwing them out there but who runs these new machines? As efficient as machines are, they can't build/fix/maintain/run/improve/etc themselves.You have to have someone monitor these machines, fix them whenever they acting up, clean them after a period of time, turn them on/off, replace them after a period of time, load/unload whatever you're manufacturing, etc. The more automated the machine, the higher the prices go up for the machine. There will be a lot less people but you still need people there to keep things flowing and they will require more skills which will command better wages.


That low intelligent introvert thing sounds like a personal problem to me. They don't need more low skill, low wage jobs, they need someone to help mentor them and give them the skills needed to survive in the economy and be successful in their endevours.


Low intelligence can be fixed and corrected. They won't be Einstein but they won't need to be him. I've tutored people others thought were a lost cause and helped them to not only learn but they sometimes end up doing well above average and turn out much more adept than the regular individuals. They just needed the right push and mentorship. Again, low wage, low skill jobs should not pushed on people as a bandaid over a gunshot wound. They need a REAL solution of surgery and stitches.

Also introverted =/= asocial. Being asocial outside of religious reasons is a problem but it can be corrected and fixed. Also with the restuarant, more restuarant jobs doesn't mean all those new jobs will be waiters. They will need more cooks, more cleaners, etc to accommodate the extra people so they can do that if they truly don't like interacting with others much.

A lot of people in life will be more introverted but that shouldn't be an excuse NOT to give them the skills they need so they can obtain a decent life for themselves. Instead of letting them be a completely replaceable and random assembly line drone out of a hundred people, how about teaching them to run the machines in the TP factory?

 

[Black smoke and cac jokes]

I concede those points to you.


6. No, my point is side by side comparisons of nations are done so selectively its hilarious. For some reason its ok to look at sweden's/singapore's healthcare cost and education, and go they are doing it right, but if their lack of minimum wage is brought up, its thrown in the bushes. Its hilarious.

Oh ok, I thought you were ridiculing my dismissal of the comparison. I agree with the argument that initially there shouldn't have been a minimum wage but at this point low-wage workers and the country as a whole depend on the attempt of wealth distribution..

 

[Black smoke and cac jokes]

Jobs are about competition. Any job I've ever worked I've had to size up everyone who did the same thing as me in order to differentiate myself. That's step one. Step two is to begin doing the things required of the next position up in order to make yourself valuable and a seamless fit if there was an opportunity for promotion. This holds true whether you work at Burger King or JP Morgan.

People who just wanna work, be given direct instruction and want no responsibility are always gonna be the last to know when things change and have no right to complain about not having jobs. People that compete can easily ascertain when things are changing and it's time to start looking elsewhere.

I've never understood the concept of "no jobs", I guess I was just raised different. I have a corporate job, but I've also had my share of fast food and other low wage jobs in my life time and no matter what it is, there are opportunities for advancement. If I lost my job today, I'd be running a fukking Taco Bell or Papa John's in 3-6 months no question.

It used to be competition, now... not so much.