Chart Shows Jobs Stagnation

John Seiler:

One thing I keep blogging about is that the U.S. economy really has not grown in about 13 years. For example, there’s been no growth in median incomes in California.

A new chart, below, shows there’s been no net jobs creation at all in the United States the past 13 years. No wonder unemployment remains so high, although it did drop a little last month, to 8.5 percent nationally.

The chart shows that the smal increase in jobs so far in the 2010s barely has made up for the incredible loss of jobs throughout the dismal 2000s.

This explains the federal and state budget problems. When incomes and jobs growth stopped, governments should have stopped growing, too. After all, government is basically a parasite on the private sector. It taxes what private people and businesses produce. If that private production stagnates — as has happened for 13 years — then the only way government can “grow” is through deficits, tax increases and inflation; which is what we’re seeing.

As I also keep saying, if Gov. Jerry Brown wants to spend more money — his new budget seeks to spend another $6 billion a year — then he should improve the state’s business climate. More jobs, paying higher wages, translate into more taxpayers paying into state coffers.

But he’s not doing that. Instead, he’s seeking a $7 billion tax increase.

That would only make things worse by taking money from people and businesses who create jobs.

Jan. 7, 2012

3 comments

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  1. Beelzebub
    Beelzebub 7 January, 2012, 11:24

    I’ve been calling government workers ‘parasites’ for years. And by definition it is an entirely accurate decription. Without production in the private sector the government simply could not exist.

    The interesting thing about ‘parasites’ is that even when the host is deprived of normal nourishment and consequently loses body mass – the parasites will continue to feast on him and multiply.

    People don’t bother thinking much anymore. Mental laziness is epidemic in America today. So even though Jerry Clown proposes to increase the budget by $6B he tells you that he needs $7B more of your money to cover his shortfall – very few give it a second thought.

    The polls say that the California voters support Jerry Clown’s tax hikes.

    If the tax hikes pass in November your only logical option as a producer (host) is to flee the state and rid yourself of the parasites that are slowly consuming you and stealing the nourishment that you need to survive.

    Reply this comment
  2. queeg
    queeg 7 January, 2012, 14:51

    Relax and bend over.

    Your fate devil is to pay the man…forever…your duty…

    Reply this comment
  3. EastBayLarry
    EastBayLarry 8 January, 2012, 06:51

    The demonrats keep wanting a larger slice of a shrinking pie. Soon they will pass 100%, but will anybody be left here in California to notice?

    Reply this comment

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