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originally posted by: onequestion
a reply to: Jenisiz
It's the costumer that chooses the bidder.
Do you not know how co struction works? You get a set of tools and a truck and you start bidding on jobs, job goes to the lowest bidder which means it forces construction companies to adapt tomthe new low prices meaning they have to hire cheaper labor period.
Construction is one of the largest individual contributors to GDP. According to the Associated General Contractors of America (AGC), private nonresidential investment grew at a faster pace than GDP for 11 straight quarters through mid-2008. The construction industry’s value-added contribution totaled more than $562 billion in 2007, as reported by the U.S. Bureau of Economic Analysis (BEA). This is a decrease of approximately $68 billion from the value-added amount of $630 billion reported for 2006. In 2007, the construction industry was responsible for 4.1 percent of GDP, down from a 4.8 percent contribution in 2006.
Globalisation caused much of the decline in the U.S, with many corporation moving their production to the so called third world countries.
First: Get the trade policy back to the protectionism is was( protecting US jobs) in past years
Two: Raise the tax rate of the rich to where it was in the 50’s and 60’s.
Three: Bring back the Glass–Steagall act that separated investment banking from ordinary savings and loan commercial banks.
Only then will the economy start returning to growth.
originally posted by: onequestion
a reply to: Jenisiz
What where are you getting this information? Construction is massively profitable.
Construction is one of the largest individual contributors to GDP. According to the Associated General Contractors of America (AGC), private nonresidential investment grew at a faster pace than GDP for 11 straight quarters through mid-2008. The construction industry’s value-added contribution totaled more than $562 billion in 2007, as reported by the U.S. Bureau of Economic Analysis (BEA). This is a decrease of approximately $68 billion from the value-added amount of $630 billion reported for 2006. In 2007, the construction industry was responsible for 4.1 percent of GDP, down from a 4.8 percent contribution in 2006.
source
Guess construction is a bigger Part of the economy then you think. News flash from someone who actually works in the industry, illegals take up a majority of the jobs these days and guess what, they massively devalued the rest of the market. It's having a massive impact on GDP and on the middle class.
originally posted by: Jenisiz
a reply to: Willtell
Agreed. I spent years in college accumulating degrees and when I was laid off from Chase it was a massive shock. I went 3 months unemployed looking everyday and no matter how many certificates and degrees I acquired it made no difference. Also everyone is doing credit checks now which makes it a pain.
I accumulated alot of debt while doing chemo and fell behind two months on my mortgage when I got laid off...believe it or not I was hired by BofA and was scheduled to start the following week after my last interview. That Friday, before Monday, they receded my offer until I could provide proof I had paid my mortgage and the lates reporting wrong. How can you maintain credit with no job and medical bills surpassing 200k? System is set up to help you fail.
I was forced to look into CSR jobs which are almost nonexistent now thanks to companies like Verizon sending them overseas to Jim and Tod (Whose real names are Suresh and Kala)...luckily I found an opening with a Tech Firm for a VP of Sales position. Ironically the first week I was there they decided to move manufacturing of our routers to China laying off 55 employees.
originally posted by: Willtell
a reply to: TinfoilTP
That's right... were talking about good high-paying union jobs on the railroad, steel industry, car industry, apparel industry, IT field ( all going overseas) and millions and millions of manufacturing jobs,
All lost forever