Friday, April 30, 2010

Jobs, Jobs, and More Jobs

Caterpillar is bringing back 9,000 laid-off workers worldwide.

McDonald's is planning big "Hiring Day" for 700 part-time crew and managers in Utah.

Thanks to Kevin Wroblewski for the McDonald's story.

10 Comments:

At 4/30/2010 10:55 PM, Blogger OA said...

3,000 in the US, 6,000 in the rest of the world. Seems like the ratio we'll be hearing about for a while.

 
At 5/01/2010 12:44 AM, Anonymous Lyle said...

Cats ratio is not surprising because the demand is in the rest of the world. Construction is very slow in the US but going great guns elsewhere

 
At 5/01/2010 3:04 AM, Anonymous Anonymous said...

According to Adam Smith (Theory of Absolute Advantage) and David Ricardo (Theory of Comparative Advantage) under free trade all 9000 jobs should be in the US regardless of how slow construction is in the US.

 
At 5/01/2010 7:50 AM, Blogger juandos said...

"under free trade all 9000 jobs should be in the US regardless of how slow construction is in the US"...

Oh really? I thought Adam Smith was dealing with commodities in Absolute Advantage...

Boy! Did I ever miss it...

 
At 5/01/2010 9:40 AM, Anonymous Anonymous said...

Oh good,

That should help us with yet another jobless recovery

 
At 5/01/2010 11:45 AM, Anonymous Jim Tucker said...

Oh, goody.

9000 jobs is good, but it doesn't sound like it will bring back much to the U.S.

And break open the champagne, 700 $7 hr jobs at McDonalds, where we have already paid millions of dollars in subsidized training costs. What a wealth creation center that is going to be.

27 million people unemployed or underemployed, so just a few to go...

 
At 5/01/2010 12:13 PM, Anonymous Anonymous said...

Be a good boy crawl up your employers rectum and be thankful to God that you have a workplace to arrive at on Monday mornings.
Because in similar great depression days unemployment reached thirty percent of the workforce.

 
At 5/01/2010 1:12 PM, Blogger sethstorm said...

Hardly the ratios worth crowing about. Now if it was 9000 in the US (versus 3700) , then it might mean something. If it isnt in our national jurisdiction, it isnt our problem.


3,000 in the US, 6,000 in the rest of the world. Seems like the ratio we'll be hearing about for a while.

That problem can be solved neatly in the US's favor.



Because in similar great depression days unemployment reached thirty percent of the workforce.

You just described the GOP's(and some of the Democrats) plan.

 
At 5/01/2010 2:05 PM, Blogger juandos said...

"You just described the GOP's(and some of the Democrats) plan"...

You have something credible we can link to that backs that statement up sethstorm or is it your usual make it up as you go along method?

From CNN Money dated April 26: Economists: The stimulus didn't help

'NABE conducted the study by polling 68 of its members who work in economic roles at private-sector firms. About 73% of those surveyed said employment at their company is neither higher nor lower as a result of the $787 billion Recovery Act, which the White House's Council of Economic Advisers says is on track to create or save 3.5 million jobs by the end of the year'...

 
At 5/02/2010 11:03 AM, Blogger Walt G. said...

juandos, You can't measure the jobs that might have been lost without the stimulus, so how can the article authors assume the stimulus did not help using employer polling methodolgy?

 

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