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my2cents
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Discussion » Questions » Current Events and News » Is the kind of job growth America wants?

Is the kind of job growth America wants?

Under Kamala and Biden this year, the economy gained 200K jobs. 

Native born Americans lost 800K and foreign born workers gained 1M jobs.   The entire gain of 200K jobs went to foreign born workers. 


Posted - November 2

Responses


  • 3695
    How about posting the link for this chart.  
      November 2, 2024 9:13 AM MDT
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  • 34236
    The chart itself tells you the Source for both the Stats and the chart.

    Stats: Bureau of Labor Statistics
    Chart: Heritage Foundation Economist E.J. Antoni This post was edited by my2cents at November 2, 2024 2:14 PM MDT
      November 2, 2024 1:06 PM MDT
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  • 3695
    That appears to be an Instagram address.  I'm not on Instagram.
      November 2, 2024 2:14 PM MDT
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  • 34236
    The chart was created by Heritage Foundation Economist EJ Antoni  from the BLS public information. 
      November 2, 2024 3:09 PM MDT
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  • 3695
    You always talk about context.  Well, I'd like to see the context from which that chart was created.
      November 2, 2024 3:12 PM MDT
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  • 34236
    The graph was created from the Bureau of Labor Statistics data.   That is the context from which it was created. 
      November 2, 2024 3:14 PM MDT
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  • 3695
    So, you can't provide a non-Instagram link to what your comment refers.  Got it.

    EDITED TO ADD:

    The reason I asked for context is because you don't appear to understand that 818,000 jobs didn't just go away.  They never existed.  

    "The U.S. added 818,000 fewer jobs from the spring of 2023 to the spring of 2024 than previously reported, signaling a turn for the worse in the labor market that could spur the Federal Reserve to cut interest rates more aggressively.

    The smaller number of new jobs created gives further impetus for the Fed to cut interest rates in September, perhaps by an even larger amount than Wall Street had been forecasting."

    Americans didn't LOSE 818,000 jobs, that was the number of jobs ESTIMATED to be created (new jobs, not existing jobs), but which did not materialize.  That doesn't mean that Americans lost 818,000 jobs that existed to foreigners.

    " ... the economy gained about 2.1 million jobs from April 2023 to March 2024.  Originally, the increase in employment during that span was put at 2.9 million."

    https://www.marketwatch.com/story/u-s-job-gains-have-likely-been-exaggerated-now-well-find-out-by-how-much-8fe9dd3d

    This post was edited by Spunky at November 2, 2024 3:35 PM MDT
      November 2, 2024 3:19 PM MDT
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  • 34236
    Not what I am talking about. 

    This is what I am talking about and what the Heritage Foundation Economist is talking about:

    Natural Born workers in 1yr. 
    Oct 2023...131,631 in thousands
    Oct 2024...130,848 in thousands
    The difference of -773,000 less jobs by Natural born workers 
     
    Foreign Born workers in 1yr. 
    Oct 2023 30,056 in thousands 
    Oct 2024 31,090 in thousands
    The difference is 1,034k (1.034 MILLION) jobs gained by Foreign born workers.


     
    So we gained 261k jobs and they all went to FOREIGN WORKERS. 
     
    Is that the kind of job growth we want? It is by no means the kind I want. 
     
    This post was edited by my2cents at November 2, 2024 4:22 PM MDT
      November 2, 2024 4:20 PM MDT
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  • 3695
    Do they indicate what industries/professions those new jobs are?  Do they indicate  what kinds of jobs are being taken by foreign workers?  Are these foreign born workers filling jobs that native born workers are not qualified to fill?  Do they account for the fact that he Boomer generation is coming up on retirement age in large numbers and are no longer actively employed, thereby creating job openings for others to fill?  

    As far as economic growth, it makes no difference to the tax base (which is how we pay for everything) whether the contributions are made by people born here or who are here from elsewhere, as long as they have work permits or are naturalized citizens.  The American economy has done better than every other first world country since the pandemic.  The stock market is booming.  Companies are recording record profits.  The president doesn't set prices for goods and services, so if you're paying too much at the grocery store, it isn't a politician's fault.  
      November 3, 2024 8:03 AM MST
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