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Hundreds of West Virginia workers have been thrown back into job hunting in a labor market with slashed wages as a plant in Weirton closed last week. The plant closure comes as the federal government refused to impose tariffs on cheap imported tin.
The post Rust Belt Despair: West Virginia Workers Forced to Find New Jobs as Plant Closes from Lack of Tariffs appeared first on Breitbart.
Senators are calling on President Joe Biden to hike United States tariffs on imported aluminum to save American jobs.
The post Senators, Union Workers Call On Joe Biden to Hike Aluminum Tariffs to Save American Jobs appeared first on Breitbart.
A historic vote to unionize among auto workers at Volkswagen's Chattanooga, Tennessee, plant will open new doors for the United Auto Workers.
The post Red State Road Map: Volkswagen Workers’ Vote to Unionize in Tennessee Opens Doors for UAW in the South appeared first on Breitbart.
More and more young people considered "Gen Z" are choosing to skip college and go to a trade school, one reason being the cost of a degree.
The post VIDEO — ‘Toolbelt Generation’: More Young People Skipping College for Trade School appeared first on Breitbart.
In this election, we have a tale as old as time: the Democrat wants to confiscate more of what you make for the government's pleasure, and his Republican challenger does not.
The post Breitbart Business Digest: A Tax Day Reminder That Elections Matter appeared first on Breitbart.
Taxes are already a headache, but they will become a migraine for Americans if lawmakers don’t act now to make the 2017 Trump tax cuts permanent.
The post Exclusive—Nicole Wolter: Tax Day Emphasizes Need to Make the Trump Tax Cuts Permanent appeared first on Breitbart.
The town of Plainville, Connecticut, announced Tuesday it is adopting a four-day workweek for some of its employees.
The post Connecticut Town Adopts 4-Day Workweek After Trial Run ‘Proved Successful’ appeared first on Breitbart.
The Biden White House claims to have heralded “a great year for American workers” with more jobs created “during any year of the prior Administration.” However, most are part-time or government jobs, paid for by taxpayers. Additionally, the constant influx of illegal immigrants distorts the job market.
The March jobs report shows 303,000 new jobs added. However, most of the jobs were part-time. Meanwhile, year-over-year creation of full-time positions has been in recession territory since December. Even these part-time jobs are largely going to immigrants, including illegal immigrants. Consequently, considering both part-time and full-time employment, there have been almost no jobs created for citizens.
Nearly one-quarter of the new jobs are government jobs, paid for by taxpayers. This percentage is about double the norm for government job creation, which typically falls between 10 and 12 percent. In addition to the fact that government jobs drain taxpayer funds, they also do not represent an investment in the future. Jobs created by a private company today, if successful, will grow and create more jobs in the future. Private companies develop new industries, products, and services that facilitate investment and the development of other private companies. This is why the US economy is much more robust than the economy of a centrally planned, communist country.
Even in communist China, the rapid economic growth of the past few decades was led by the private sector, not the public sector. Another problem with a growing public sector is that it draws talent away from the private sector. People who might otherwise have been inventive or innovative, creating something new in the private sector, will be absorbed into government jobs that produce nothing.
In addition to there not being enough full-time jobs, the job market is also plagued by swings and fluctuations. Inflation is a constant feature of the Biden economy, making markets more susceptible to speculation regarding Fed policy. Usually, as election time nears, the sitting president, running for reelection, will decide that the level of inflation is too low and will cut interest rates to induce an illusory job boom. Signals from the White House and the Fed suggest that they are mulling over such a destructive move now, despite the fact that the US still faces high inflation and has suffered cumulative inflation of over 18% since Biden took office.
Biden’s student loan forgiveness plan is an example of a shortsighted policy that will give people the illusion of a better economy. People who will have thousands of dollars’ worth of debt wiped clean will feel instant relief and forget that every product they buy is more expensive than under Trump. As a populist move, those wishing to have their current or future college debts erased will also vote for Biden.
Like any other government transfer, the student loan forgiveness program is transferring money from taxpayers—who may or may not have been able to afford college—to people who borrowed money, attended college, and will now enjoy the economic benefits of an education at the expense of others. The trillions Biden is giving away through this and other programs, which began during COVID, are driving up the deficit, increasing the debt, and eroding the dollar’s buying power.
There are areas where job creation and real economic growth could be fostered, such as by increasing Liquified Natural Gas (LNG) exports. The energy industry creates highly paid, full-time jobs for non-college graduates, which is something this country is running short of. However, Biden caved to the climate crowd and has halted approvals for export certifications for LNG, a commodity whose price has nearly tripled since sanctions on Russian energy exports reduced the supply to Europe and the world.
Cutting these LNG jobs and revenues is considered a victory for climate activists. However, the Energy and Commerce Committee, along with more than 150 House Republicans, including Speaker Mike Johnson, R-La., are working to reverse Biden’s ban on LNG. They argue that demand will remain the same, while Biden is effectively cutting the supply, thus driving up prices. Expanding US LNG exports would bring down prices, create jobs, increase the size of the US economy, and afford the US diplomatic advantages, bringing the US closer to its European allies.
If the Biden economy is considered good, perhaps we should revert to the supposedly bad economy under Trump, where inflation was low, unemployment was low, gas prices were low, illegal immigration was being addressed, and Russia dared not invade Ukraine.
The post Biden Job Creation: Part-time, Government Jobs, and Distorted Unemployment Numbers appeared first on The Gateway Pundit.
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bec, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons
The dream of a June rate cut is dead.
The post Breitbart Business Digest: The June Rate Cut Dream Just Died appeared first on Breitbart.
Employment grew much more than expected for the third month in a row.
The post Another Scorcher: 303,000 Jobs Added To U.S. Economy in March appeared first on Breitbart.
The strength of the U.S. labor market has not only defied expectations. It has given rise to the suspicions that the official figures are overstating job gains.
The post Breitbart Business Digest: Trust the Establishment on Jobs appeared first on Breitbart.
A bill introduced in the California legislature would help employees disconnect from their bosses after leaving work for the day.
The post California Would Give Employees ‘Right to Disconnect’ from Bosses After Clocking Out of Work appeared first on Breitbart.
Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July, according to payroll processor ADP. The March hiring exceeded even the most optimistic forecasts. The median forecast was for 155,000 jobs,
The post Private Sector Job Gains Explode Higher, Biggest Gain Since July appeared first on Breitbart.
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