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I guess we have a good indication;
"Private sector employment grew by nearly 300,000 last month, according to payroll giant ADP, in another strong sign for the economy.
The private sector added 298,000 jobs in February, including 104,000 at small businesses. That total included 51,000 jobs at small businesses with between one and 19 employees, and 53,000 at small businesses with between 20 and 49 employees. Medium-size companies with between 50 and 499 employees added 122,000 jobs in February. Large companies added 72,000 jobs, including 28,000 at businesses with between 500 and 999 employees and 43,000 jobs at businesses with 1,000 employees or more.
“It was a blowout number, close to 300K,” said Mark Zandi, chief economist at Moody’s Analytics, which compiles the monthly national employment with ADP. “That’s three times the rate of monthly job growth necessary to absorb the growth in the working age population. That means any slack that is still remaining in the labor market is rapidly being absorbed. We’re going from a labor market that a few years ago was plagued by unemployment and underemployment, and you can characterize it as being at full employment. If the trend lines continue and we continue to create jobs at this pace, then the economy and the labor market will be very, very tight.”
He noted that job growth was broad based and there has even been some growth in the mining and energy sector, which had lost jobs in recent years because of the decline in oil prices. “We saw a pretty significant downdraft in that sector for a substantive period, but that now appears to be over,” said Zandi."
@ale5 That's very gracious of you. Such comments on an
internet forum are exceedingly rare and very much appreciated. Thank you.
I believe we should try to attract the best talent from around the world; that
it will make this a better more prosperous country. Although the
defenders of the current immigration system purport this to be their goal, the
system they've devised is so easily abused I have to believe it was
deliberately designed for abuse. Correcting it may cause the prices of
some services to rise, but I maintain that the current prices are artificially
low and/or profits are artificially high because immigrants will work for well
below the market value. There are benefits to addressing this
offense. First; it will force the companies who are manipulating the
system to become more efficient. (Indian programmers are not known for
their efficiency and tend to compare negatively to their American counterparts
if for no other reason than English the native language of the Americans.) Second; as previously mentioned, visa-holders
willing to work for substandard wages depresses wages throughout the industry
making it a less attractive field to pursue.
I believe this is a serious problem that needs to be addressed. In the end, I believe correcting this
situation will benefit our nation.
Thanks again for your kind words and generosity. I too found our debate challenging.