There's an important social reason incomes aren't rising in America

Well, the economic geniuses working for our "news" media organization's obviously don't understand basic economics AKA supply and demand. In an economy where more then 50 million people are on food stamps, 21 million people are in college (20% of which are in STEM programs) and tens of millions more are just out of the "regular" workforce (gig economy) we have a situation where there is an over abundance of workers REGARDLESS of the skillset they poses.
Hence why my age group and below are not participating in the economy in the way that the previous 2 generations have normally participate AKA preparing for retirement (fantasy at this point with the Federal Reserves low interests rate policy for the last ten years), buying houses, buying new cars and generally spending money on anything other than essentials.

Business Insider

Speaking at a recent panel, Spriggs said the confusion was because people were overlooking the importance of job networks in helping young workers to direct their careers — and older ones to maintain them.

Put another way, workers with personal, educational, or professional connections can more easily find jobs. Right now, those networks aren't strong enough to create the kind of jobs boom that forces employers to raise wages.

This alleged economics proffessor tries to explain away why people my age and younger can't make any headway in the economy by saying we just don't know how to network. Yeah we suck at networking that's why an entire generation (2 now) can't make real money. Nope, has nothing to do with historically low interests rates that's for sure, or automation or jobs being shipped over seas or baby boomers and Gen Xers not being able to retire nope, networking.

He's an idiot.

Yes, he's certainly lying at a minimum.
Wages haven't gone up but have been flat since the mid 70's.
The business ethic changed and workers stopped sharing in the benefits of productivity.
All the extra went to investors and upper management.
They've done nothing but cut jobs and increase workloads with longer hours for less benefits.
Meanwhile, the owner class is deciding where to buy that 3rd vacation home.
Some Greek island perhaps?
Meanwhile In the rustbelt someone shoots themselves in despair.

a reply to: toysforadults

Sounds like a professional way of explaining that this is life. Survival of the fittest and some are not doing enough if they want to compete

This is the way it has always been except we have all these visual perceptions of perfect lives through media that some will never feel like they never live up to the "promise".

There is no promise. Never was. Everything is a sales pitch including how comfortably people think they are supposed to live.

a reply to: MALBOSIA

Trust we are doing plenty. Everyone I know is hardly making ends meet working 2 jobs, I work full time and go to school full time and barely make ends meet.

Stop trying to pass this paradigm from the 1970's onto the current situation because it's plain old ignorance. Automation and globalization have changed the entire landscape of the economy.

This shouldn't even be part of the discussion at this point if you don't know this you don't read.

originally posted by: Asktheanimals
Yes, he's certainly lying at a minimum.
Wages haven't gone up but have been flat since the mid 70's.
The business ethic changed and workers stopped sharing in the benefits of productivity.
All the extra went to investors and upper management.
They've done nothing but cut jobs and increase workloads with longer hours for less benefits.
Meanwhile, the owner class is deciding where to buy that 3rd vacation home.
Some Greek island perhaps?
Meanwhile In the rustbelt someone shoots themselves in despair.

Couldn't agree more. Yes flat out lying. He knows better but wants to keep his job. If he goes and says there just isn't jobs for these kids then what's he going to do?

Productivity has massively increased in ways that make us useless eaters. There is no way to add 50 million middle paying jobs to the economy to lift everyone on food stamps out of poverty it's impossible.

originally posted by: toysforadults
a reply to: MALBOSIA

Trust we are doing plenty. Everyone I know is hardly making ends meet working 2 jobs, I work full time and go to school full time and barely make ends meet.

Stop trying to pass this paradigm from the 1970's onto the current situation because it's plain old ignorance. Automation and globalization have changed the entire landscape of the economy.

This shouldn't even be part of the discussion at this point if you don't know this you don't read.

My family has always worked hard generation after generation. None of them lived comfortably as seen on TV.

None of us want to lay down our income/expenses to prove it but trust me. Nobody is dying of starvation and hose that don't have as much as jet setting titans still have the same sensations of success and failure as anyone. Call it octaves. Doesn't matter what level your on your camera still make music

When the average American spends roughly 1-2 hundred dollars a month on their cell phone service not including the few hundred dollars a year that people waste because i need the coolest model, it's not that surprising that your generation is broke.

originally posted by: toysforadults

He's an idiot.

Yup. And Business Insider parroted him. Enough said.

a reply to: toysforadults

Put another way, workers with personal, educational, or professional connections can more easily find jobs. Right now, those networks aren't strong enough to create the kind of jobs boom that forces employers to raise wages.

So... Capitalism.

You wanna fix it? You can. Stop whining.

a reply to: loam

I have been hearing tech insiders on several podcast (including the No Agenda guys) saying that the next wave of innovations coming out of silicone valley are going to force a UBI on us.

My perspective is we are already there.

The economy is changing in ways that they are going to have to change the entire system. I also believe that a centralized crypto currency is going to take over the dollar.

I am already investing in XRP.

a reply to: rockintitz

We don't have capitalism. We have a form of pseudo feudalism mixed with socialism. Barely anyone owns anything anymore.

A truly capitalistic society requires higher levels of ownership, both business and personal.

originally posted by: Asktheanimals
Yes, he's certainly lying at a minimum.
Wages haven't gone up but have been flat since the mid 70's.
The business ethic changed and workers stopped sharing in the benefits of productivity.
All the extra went to investors and upper management.
They've done nothing but cut jobs and increase workloads with longer hours for less benefits.
Meanwhile, the owner class is deciding where to buy that 3rd vacation home.
Some Greek island perhaps?
Meanwhile In the rustbelt someone shoots themselves in despair.

All that is turning around now. Any HR rep or business coach will tell you how much investing in your employees will contribute to KPI's. No one can deny we were in a slump of abuse and complacency but don't you think we got the memo by now? Happy workers produce better. Keep the jobs where we can keep control of that and the rest will sort itself out. IMO.

You think you're poor now....

Inflation is about to skyrocket, fueled by $4+ gas. Harvey repercussions will be long and hard.

The good side is, there will be plenty of jobs cleaning up the mess and rebuilding the Texas Gulf Coast.

I'm investing in sheetrock mfg. stock.

a reply to: olaru12

That's why I am moving into XRP.

The crypto currency market is EXPLODING, and it's a truly free market system not the false Federal Reserve debt based system we have now.

a reply to: MALBOSIA

Happy workers produce better. Keep the jobs where we can keep control of that and the rest will sort itself out. IMO.

Hate to break it to ya but the actual numbers do not reflect this.

a reply to: toysforadults

That remains to be seen....and I still have trouble understanding how any UBI could work without complete centralized planning.

No doubt some serious disruption is coming down the pike, but I'm hopeful the labor markets will reorganize around the change. It has in the past, and I have no real reason to believe it wont in the future.

originally posted by: thesaneone
When the average American spends roughly 1-2 hundred dollars a month on their cell phone service not including the few hundred dollars a year that people waste because i need the coolest model, it's not that surprising that your generation is broke.

Yes, cell phones collapsed the economy.

a reply to: loam

That remains to be seen....and I still have trouble understanding how any UBI could work without complete centralized planning.

But isn't that the agenda?

My perspective is these crypto currencies are going to replace the current model for the cashless society. That's why I chose XRP as my investment vehicle. It's centralized which makes it more attractive to governments.

They want to track EVERYTHING you do anyway.

originally posted by: toysforadults

originally posted by: thesaneone
When the average American spends roughly 1-2 hundred dollars a month on their cell phone service not including the few hundred dollars a year that people waste because i need the coolest model, it's not that surprising that your generation is broke.

Yes, cell phones collapsed the economy.

No, but having piss poor priorities will.

a reply to: toysforadults

We don't have capitalism. We have a form of pseudo feudalism mixed with socialism. Barely anyone owns anything anymore. 

Disregarding your misinterpretation, what is your ideal system of belief?

Give me your example of a perfect world.