Tuesday, April 9, 2013
Weak Job gains hurt economic outlook
http://www.reuters.com/article/2013/04/05/us-usa-economy-jobless-idUSBRE9330HH20130405. Due 15 April 2013. What does this author blame for the weak economic outlook? Aside from the arguments made in this article, what do YOU see as a major problem in the current economy?
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The author blames the weak economic outlook on higher tax rates that took place in January, and the slippery slope effect they had on the economy. Because taxes increased as a result of recently implemented austere measures, businesses were somewhat cautious and didn't hire as many people as normal, in addition to their firing of 24,000 retail sector jobs. This also had the effect of decreasing both the value of stocks and the US dollar. I think that the largest problem in the current economy is our jobless rate. We need to implement measures that make it so our unemployment rate reaches at least 5%. Then, the improvements will follow.
ReplyDeleteThe author blames the poor economic outlook on the austerity measure that were inacted back in january, due to the governments lack of responcibilty, and subsequent ability to do absolutely anything that they were elected to do in Congress. The main part of the austerity measures that the author blames is the increase in tax rates. I believe that the main problem in our economy is the jobless rate. I think that we need to better educate our population for higher-level jobs(which pay more), and stop fighting China and other nations for these lower-level jobs that can be easily shipped elsewhere.
ReplyDeleteThe author faults the weak economic outlook on the higher tax rates that started in January and consequently the government’s lack of ability to do anything and pass any policies to help the struggling economy. Yet most of the blame goes to the increase in the tax rates, which have limited the hiring of workers and attributed to the high unemployment rate. The biggest problem I see in our economy is that we have such a high unemployment rate which has really made life extremely difficult for those looking for work. We should better educate workers so they can get high level jobs that pay more and stop outsourcing.
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ReplyDeleteThe author Jason Lang says that the weak economic outlook is caused by the tax rate hike that had started in January and because of the partisan way of thinking in congress. This has caused them to be unable to pass any laws or reduce that tax rates because the members who control congress refuse to negotiate. I personally believe that the bad economic outlook is because of congresses inability to do anything because of their hard headed partisanship. Its causing US citizens to not spend any money and to put it all in the bank and save for the rainy day when our economy does actually crash.
ReplyDeleteJaime Caldaro
ReplyDeleteJason Lang blames the weak economic outlook involved with the tax rate increase that started in January, and the government's inability to pass any economic policy. The increase in tax rates have limited the hiring of workers and created high unemployment. I believe political parties are to blame, because cannot agree on basic economic policy, in-turn dragging our country down. It has caused consumer confidence to lower and distrust in the system.
The author claims the weak economic outlook because of higher tax rates that took place in January. In addition, the hiring sector was not as high as they thought it would be in January and February. I believe the unemployment is still an issue. The people who are working, are working more than usual but the unemployed are remaining without jobs. I also believe the cuts will be more of a drag on the economy. Apparently, the fiscal policy will subtract 1.5 percentage points from our economic growth this year.
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ReplyDeleteThe weak economic outlook is due to the high tax rates which rose in the beginning of the year. A decrease in the value of stocks resulted from the high tax rates, as well as several companies firing jobs in the private sector. A major problem I see in our current economy is the increase in money saving as well as low unemployment rates.
He blames the January tax hikes as a bump in the progression of the economy. He believes the tax hikes is responsible for workers being laid off in march and many more workers cannot be hired because no one is willing to hire.To compensate for this, people that already have jobs have to work longer hours. I believe the tax cuts have just put the economy in a stand still, where it cant be worsened or progressed.
ReplyDeleteThe author blames the higher tax rates that took effect in January. The hiring sector has also been weaker in January and February than what was expected. These reports caused a domino effect and rattled investors and sent U.S stocks lower. I think the major problem in our current economy is that there are no jobs and the reason why there are no jobs is because big companies continue to invest their money in the stock money instead of investing in capital (machinary, human labors, equipment). Either way these corporations get money but it is causing the middle class to be jobless.
ReplyDeleteThe author says the poor economic outlook is due to the austerity measure from January. He says the government was not responsible. The part put to blame is the measure of austerity mainly concerning the increase in tax rates. We should be more concerned about the unemployment. We should do a better job of educating our population for skilled jobs.
ReplyDeleteThe author looks at the economic outlook and how it is not healthy and the reason for that is because of the higher tax rates which were applied in January. He states that the government was not the reason and the real reason that there are no jobs is because of the big name companies that are only investing in the stock market instead of investing in the capital market. The middle class is losing its value and thats why no middle class people have jobs.
ReplyDeleteThe author proclaims that an uncooperative government and higher tax rates are the reason that the economy’s austerity is stunted. Because costs of production within business are higher, the firms find it hard to find extra money to hire extra workers. As a result, the growth of jobs has slowed significantly. Additionally, reports have found that the slowed growth of jobs and higher tax rates have both lowered stock prices and devalued the dollar. Personally, I agree with the author about the uncooperative government being the reason for our poor economy. Also, I feel that the unemployment rate and the slow growth of GDP is the reason for the poor condition of our economy. First, we need to get employment up for there are more jobs and more tax revenue is being collected by the government from the people. Second, people should be using a lot of their money to boost the consumption which will in turn increase the country’s GDP.
ReplyDeleteThe economic outlook is poor because of the high tax rates at the beginning of the year. This caused consumers to be more stingy and also caused employers to hire fewer people. The combination of things is causing the economy to have little growth. My opinion as to why the economy is unstable is because many large companies are firing employees and are reluctant to hire new ones. This is keeping the unemployment rate high and also keeps the growth rate very low.
ReplyDeleteThe author of the article blames the weak economic outlook on the high tax rates started in January and the governments lack of implementing new policies or taking actions to help the economy. This resulted in people being laid off and caused a downward spiral that made the economy worse and worse. I feel like a major problem in the economy is the unemployment rate and we should work towards getting it to at most 5%.
ReplyDeleteThe author blames the higher tax rates that took effect in January. The hiring sector has also been weaker in January and February than what was expected. These reports caused a domino effect and rattled investors and sent U.S stocks lower. I think the major problem in our current economy is that there are no jobs and the reason why there are no jobs is because big companies continue to invest their money in the stock money instead of investing in capital (machinary, human labors, equipment). Either way these corporations get money but it is causing the middle class to be jobless.
ReplyDelete-Jacob Hochman
The problem can be traced back to the austerity of January. The problem was a domino effect caused by the lack of hiring. Investment decreased, and US stocks were lowered. The primary issue lies in the governments recent tendency to invest in stocks as opposed to human capital, which has taken a toll on the middle class. Corporations feel no difference as they still get money, but the middle class are affected.
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DeleteThe economic outlook is poor due to the high tax rates at the beginning of the year. This caused consumers to be more frugal and also caused employers to hire fewer people. The combination of things is causing the economy exhibit little growth. My opinion as to why the economy is unstable is because many large companies are firing employees and are reluctant to hire new ones. This is keeping the unemployment rate high and also keeps the growth rate very low.They are investing in stocks as opposed to workers.
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