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originally posted by: SeaWorthy
a reply to: Edumakated
Economy is booming for the professional and entrepreneur classes. If you have skills, you are doing well. Economy is definitely stagnant for the low skilled. Not really sure what can be done about that in the short term.
We also know that artificially inflating minimum wage won't fix the issue
No but it will push out small business so the big corps can get bigger.
originally posted by: KnoxMSP
originally posted by: LSU2018
a reply to: dfnj2015
Yeah, totally.... Meanwhile, back in reality: DOW ends just shy of record as stocks rise on news of resumption of face-to-face China trade talks
That means nothing. The DOW is not an indicator of economical health in this country. I don't see how you correlate the two. Please expand your position on this. You do realize what the DOW represents, right?
This thread is astonishing. Did any of the posters here, besides myself, go to college for business, or are you all going by feeling like liberals like to do? I am conservative, dont hate Trump, yet can still see we are in the tanks by statistics, and empirical data.
If you say the economy is doing great, and can see beyond your short sighted first hand experience, post some numbers, and links to back your facts. Instead of BS like, oh well everyone is hiring here, give us some numbers. Wages, housing pricing, goods/needs pricing, debt to income, etc to back up your claim.
originally posted by: pexx421
originally posted by: Edumakated
originally posted by: pexx421
originally posted by: SeaWorthy
a reply to: Edumakated
Economy is booming for the professional and entrepreneur classes. If you have skills, you are doing well. Economy is definitely stagnant for the low skilled. Not really sure what can be done about that in the short term.
We also know that artificially inflating minimum wage won't fix the issue
No but it will push out small business so the big corps and get bigger.
Minimum wage has been artificially pushed down for decades through outsourcing, immigrants, and offshoring. Bumping it up to lower than it would have been had it increased with productivity and inflation? That’s not “artificially inflating” more like a partial correction.
Wages are just where supply and demand intersect. You can't change wages without causing other issues...
I agree that outsourcing, immigrants, offshoring, etc have helped to suppress wages. I'd also argue feminism is a HUGE contributor as well by bringing a ton of women into the workforce. All of these things affect the supply side of the curve thus putting pressure on wages.
In what world? Where do kings of capital not manipulate the system to push wages as low as possible? It’s the whole primary target of neoliberalism. Pushing economies down to be the cheap labor suppliers for the consumer nations. It’s what we did to Eastern Europe, South America, Africa, China, etc. and now it’s results are coming to roost on the average American worker. All of pay scales are a random joke. They’re not based off of actual ability or productivity. Let’s take, for instance, the change since 08. All the economy was in recession so we can’t afford raises! They said. Prior to that in the medical industry we regularly got our 5% per year. Since then we’re lucky to get 3. Most years it’s 2. For about 5 years it was 0. At the same time our hospitals are making banner profits, each year better than any year before. What bs.
Because business lies. They promised more jobs and investment in our own industries with better wages in exchange for trillions in tax breaks. Well we’re still deindustrializing. 95% of it spent on financial shenanigans. But you go right on thinking that the oligarchs will let little things like “supply” and “demand” effect their profits. They create artificial scarcity, they price fix, and they create demand. If the military is topped off on weapons and supplies, they’ll create a war so they can sell more munitions. They probably see global warming and environmental catastrophes as a good plus for future profits too.
originally posted by: SeaWorthy
originally posted by: ketsuko
a reply to: SeaWorthy
Why is high population density a plus?
The number of people in an area seems to be an arbitrary of measure of its quality for living.
Well like I said, everything goes up with population. I live in a low population area, we have no jobs and the ones we do have are low pay. Homes are made shoddy because we have no real skilled work force and it takes them a year to do what a more populated contracter does in a month.
Just my own experience example, I didn't research why they chose to include population.
originally posted by: Zanti Misfit
a reply to: dfnj2015
China is a Communist Dictatorship , the United States is a Democratic Republic . Comparing the Two Economically is just Asinine . MANY Middle Class Americans are MORE Well Off Financially Today than they were 3 Years Ago . A Direct Result I must say of President Trumps Personal Decisions as Commander in Chief . WE THE PEOPLE Elected Someone to LEAD this Great Nation , His Decisions have the Full Support of the MAJORITY of Americans in this Country , and when it comes to OUR Economy , Nobody Except a " Select Few " Somehow Have a Problem with it . Tough Titties I say , He knows what he is doing is Good for " Our Country " , and the Bottom Line is that is All that Matters to US ........
originally posted by: KnoxMSP
originally posted by: SeaWorthy
I thought they meant gap between income and expense?
Actually meant more like;
In the 1950s, a typical CEO made 20 times the salary of his or her average worker. Last year, CEO pay at an S&P 500 Index firm soared to an average of 361 times more than the average rank-and-file worker, or pay of $13,940,000 a year, according to an AFL-CIO's Executive Paywatch news release today. May 22, 2018
But that goes hand in hand. The average american has less purchasing power with their wages, compared to almost anytime in history, and COL is higher than ever.
We live in the Corporatocracy of America now. Big business makes the rules, and tells you the numbers, and if you don't like it, there's the door, we will find someone to fill your shoes, or ship your job to (insert even lower avg wage country here).
originally posted by: Zanti Misfit
a reply to: dfnj2015
China is a Communist Dictatorship , the United States is a Democratic Republic . Comparing the Two Economically is just Asinine . MANY Middle Class Americans are MORE Well Off Financially Today than they were 3 Years Ago . A Direct Result I must say of President Trumps Personal Decisions as Commander in Chief . WE THE PEOPLE Elected Someone to LEAD this Great Nation , His Decisions have the Full Support of the MAJORITY of Americans in this Country , and when it comes to OUR Economy , Nobody Except a " Select Few " Somehow Have a Problem with it . Tough Titties I say , He knows what he is doing is Good for " Our Country " , and the Bottom Line is that is All that Matters to US ........
originally posted by: KnoxMSP
originally posted by: pexx421 Our system is not a meritocracy, not for the vast majority at work, and not in society as a whole.
This boils it down pretty succinctly. If people were paid fairly for their contributions to these huge corporations (in your field, the new trend of huge hospitals swallowing smallers ones, and dictating wages, and healthcare pricing), things would be different. They have too much power, and as much as I am for small govt' and free market capitalism, we need more oversight, and regulation to bring rhe average workers wages up, and quit paying these executives these ridiculous amounts of money.
originally posted by: DBCowboy
a reply to: KnoxMSP
Why brag about a work ethic?
Doesn't everyone have one?
As for two parents working, I'm the only one who works, my wife home-schools and takes care of everything so I can concentrate on work.
We adjust our lifestyle for one salary.
originally posted by: Slichter
a reply to: shooterbrody
Its the credit utilization that brought down my score.
Wonder if the same thing might happen with the US?
We already have a lower national credit score than Canada and Australia.
Back in 2005 through 2007 the US central bank loaned money to banks and the banks loaned it out for sub prime mortgages which turned into worthless junk bonds..
The Federal Reserve didn't step in and cut rates again till the Dow Jones stock average fell from over 14,000 in 2007 until December 2008 when the Dow reached 8,000.
We don't need a repeat of that.
originally posted by: Zanti Misfit
a reply to: KnoxMSP
The Country is Not Totally Dependent on Manufacturing , this Present Economy is being Driven by Middle Class Labor and Consumer Confidence . My Advice would be trying ti Start your Own Business . Be Your Own BOSS , the Perfect Economic Atmosphere to do that it Today .
originally posted by: Zanti Misfit
a reply to: pexx421
Never Give a Sucker an Even Break . You are Delusional if you think President Trump did not have Anything to do with your Present Alleged Good Fortune . To Seriously Get Ahead in a Capitalistic System , it takes a Sincere Effort ,. Those who Lack that Conviction are just Treading Water ...
originally posted by: DBCowboy
a reply to: jacobe001
I'm not sure how or why you went off like that.
*shrugs*
All I'm saying is that blaming the "economy" for your financial woes is placing the blame in the wrong place.
People can and have succeeded in bad economies.
People have failed in good economies.
Be responsible for your own success.