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Originally posted by ProtoplasmicTraveler
I am here to tell you that is what’s called ENDENTURED SERVITUDE and was outlawed in this country a few centuries ago.
Guess again. Most people are in fact indentured servants who are afraid to quit or loose a low paying job for fear that they will fall behind on their credit payments.
THEIR CREDIT RATING IS MORE VITAL TO THEIR SURVIVAL THAN THEIR SKILL SET THAT EARNS THE LOW WAGE THAT FORCES THEM TO BORROW.
The gap between the pay of the average worker and that of top corporate executives widened into a gulf during the 1990s, according to a study to be released today by two pro-labor think tanks. "A Decade of Executive Excess," the sixth annual survey of executive compensation by the Institute for Policy Studies and United for a Fair Economy, finds the ratio of top executive to factory worker pay has exploded this decade to 419 to 1 last year from 42 to 1 in 1980. Had worker pay risen at the same pace as executive pay, the average production worker would earn more than $110,000 a year today, compared with the $29,000 the worker actually makes. And the minimum wage would be $22.08 an hour, ...
My dad, rip, got on at GM right after WWII with a 9th grade education. He had to quit school to help support his large family of brother and sisters in the depression. It enabled him to achieve his version of the American Dream. He met my mom there, married her and little 2 yr old me, gave us a house, two cars, a vacation cottage, a private high school education for me, a 1980 pontiac trans am for me (dang I miss that car - it was beautiful even tho it seemed it was always in the shop) and I got a college education.
personally I don't think any of them (banks, car makers, whoever) should get the bailout money, I don't think homeowners who gambled with their homes should be getting a break either. We all know that something isn't right here. Something smells funny and it isn't the elephant in the room. What it comes down to is somebody is getting paid and this person/group of people whoever they are and whatever they do have the leverage to get the President and the Congress (both President Bush and Obama) to go along with it. Where is this money going to and more importantly where is it coming from?
Originally posted by Tyr Sog
I never said I worked for the auto industry.
Originally posted by Tyr Sog
This was a loan, not a bail out.
Originally posted by Tyr Sog
Aside from that IMO this messely $18billion(out of trillions) is about as close as middle class America is going to get to benefit from this money stolen from us.
Originally posted by Tyr Sog
I'm glad to hear you picked a secure field to work in. Maybe not so secure if the big 3 go down and all of their insured workers go with it but no need to worry about that just yet.
Originally posted by Tyr Sog
I just find it funny and sad that you actually envy, despise, hold resentment towards, etc, etc towards a line worker because of their salary. That's pretty petty.
Originally posted by Tyr Sog
Anyways, for me, I wouldn't do their job for $50-70 grand/yr. To hit those marks most line workers are working 12hrs/day, 6days/week. For what, to get home and S-S-Shave, eat and go to bed? Look forward to Sunday only? No thanks, they can have that crap work and they earn every bit of their decent wage(although most arn't making that any more or working those kind of hours anymore).
Wake up America, we appear to have a great deal of effort being made by people to cover up their crimes of the past 25 years, should we allow them to escape from the jaws of defeat? The idea of large government has failed and now they are trying to make it impossible for anyone to know this or even ask the right questions. Put the brakes on these government pirates before it maybe too late, we have to hold them accountable.
Let me stop you right there. Detroit was hardly a "Profitable Industry Prior to the Lending Crisis". They in fact had a major loss of Profit, and one of the reasons was due to their lack of ingenuity. Whereas Toyota, Nissan, and other Japanese Auto manufacturers could build One or Two Prototypes before Full Line Manufacturing, the U.S. Automakers were going through anywhere from Seven to Ten Prototype Models in order to attain a Production Model.
Originally posted by ProfEmeritus
I believe that your ire is misdirected. Perhaps the REAL question you should be asking is "Why do police, nurses, teachers, and others make so little?"
Originally posted by ProfEmeritus
Furthermore, to stereotype auto workers the way you have is wrong.
Originally posted by ProfEmeritus
No company or industry has a monopoly on the characteristics that you describe.
Excellent post, PT! Your points hit the nail on the head. I believe that your attitude is the attitude that all people should have. Furthermore, your point about the bosses making so much more than the worker is right on, also:
Originally posted by ProtoplasmicTraveler
First and foremost is my own belief as a friend I always want to help other friends up if they are down.
What is down? Down doesn’t necessarily mean on their luck. In a competitive world based on numbers, down is just less than someone else that has more. You would like to make 35,000 instead of 25,000 or have 3 bedrooms instead of 2, or 4 doors instead of 2, or a 2008 model instead of a 1991. We live in a competitive world where most people always would like to have more.
More and more people do not have enough. They have 6 people crammed in to the 2 bedrooms, and the 25,000 does not feed or cloth them very well and offers them scant recreation and leisure opportunities. They climb in over the back seat of that old car because it gets them there but they sure could use the convenience of 4 doors, and occasional mechanical breakdowns of an old car create unforeseen expenses that because things are so tight and transportation so vital creates a real emergency when that costly repair happens unexpectedly.
They aren’t starving, they are healthy and clean, and happy enough for all the hardships but they are down. Down on the bottom rung of society, where they work every day at an honest job with an honest effort, and most of life revolves just around that effort because even though they are free and live in a free society, most everything costs money and well, they just don’t have much.
Originally posted by ProtoplasmicTraveler
The idea that many have that the auto workers are overpaid and should make significant wage concessions to lower themselves to be on par with unorganized labor and to lower their own quality of life along with it is pushing or pulling someone down.
Originally posted by ProtoplasmicTraveler
Who convinces other people that the person who is making a little too much should be making less, less like everyone else?
Originally posted by ProtoplasmicTraveler
They say if everyone was paid on a scale of the person who makes a little too much then there would be inflation. Prices would have to go up. You really wouldn’t becoming ahead you would end up loosing!
Originally posted by ProtoplasmicTraveler
Microsoft has made billions upon billions upon billions of dollars. Most of it now out of circulation in the economy. No one can spend that money to STIMULATE the economy. Exxon has made billions upon billions upon billions of dollars. Most of it now out of circulation in the economy. No one can spend that money to STIMULATE the economy. Wal-Mart has made billions upon billions upon billions of dollars. Most of it now out of circulation in the economy. Why are all these billions of dollars out of circulation in the economy? Because that wealth is concentrated in the hands of a very small group of individuals who simply have no need imagined or real to spend it all, so how did they earn it all?
Originally posted by ProtoplasmicTraveler
Paying people doesn’t cause inflation.
Originally posted by ProtoplasmicTraveler
Maximizing profits by not paying people a fair wage and then forcing them to borrow to supplement and enhance their lifestyles is what creates inflation.
Originally posted by ProtoplasmicTraveler
I am here to tell you that is what’s called ENDENTURED SERVITUDE and was outlawed in this country a few centuries ago.
Originally posted by ProtoplasmicTraveler
THEIR CREDIT RATING IS MORE VITAL TO THEIR SURVIVAL THAN THEIR SKILL SET THAT EARNS THE LOW WAGE THAT FORCES THEM TO BORROW.
Originally posted by ProtoplasmicTraveler
They are trained to pay their Masters on time or risk being cut off from this vital source of money often required for household emergencies, major purchases and day to day survival expenses on occasion.
Originally posted by ProtoplasmicTraveler
You are taught to decry and despise those people who make a little too much, you are even taught to believe that if those people who make a little too much are blamed for a bad economy that not only should they make less, but that you too might need in order too keep anything at all accept making a little less now too. Many people will accept making a little less now too in order to not loose that job or credit rating.
Originally posted by ProtoplasmicTraveler
Now all of a sudden everyone is making too little to buy things and keep the economy going.
This poor me act is getting almost as old as you staring everyones posts who support the UAW stance.
You are really pushing the boundaries of reality in trying to show why you guys need to make so much more then the rest of us and use our money to support your salaries. You perception of the world is so far off kilter that its not even funny anymore. Maybe you should learn what it means to live in real hardship, then see how serious you take the crap you are writing here.
Yeah, all the non-autoworkers who are being asked to support you guys in your comparative affluence. I think this is going to be my last post, at least for now, since obviously reality is lost on you guys as you've been spoiled too long. You all can sit in here and pat each other on the back about how bad you have it only making double what the currant average American is, and how you may not be able to survive without your air conditioning, Internet service, and plasma TV.
If someone is stuck in the credit trap then that is no ones fault but their own. If you live inside your means you will never have that problem.
If you feel that you are trapped, its simply because you trapped yourself in that situation. For example, tomorrow I could bug outta here with only what I can carry on my back and most likely survive just fine. I owe no one, my stuff is all long since payed off, and I don't live outside my means, everything else is simply creature comforts. The truth is that the common man today is so used to his comforts that in his mind they are necessity.
No that causes deflation as the dollar is harder for the common man to get, it increases in value. When there is too much money, and its easy to come by, prices inflate as the value of the dollar drops.
Yes it does. If everyone had a million dollars in the bank it would be the equivalent of everyone having 1 unit of currency. The money would deflate in value and the price of goods would inflate.
You claim that as these corporations make profits that they sit on them, but I believe that is incorrect, they have to pay those profits out as dividends to the shareholders.
There are two kinds of stocks most corporations offer, common and preferred. Elites own preferred and the company, commoners own common and a little piece of pretty fancy paper that might have a tiny check show up each year with it. The stock market is simply a way to entice those with too much cash to part with it. If you are buying common stock in a company you own nothing but a stake in a game that is equivalent to a black jack table seat in Las Vegas. Stay in it long enough odds are you are going to loose.
That is exactly what happens. Its easier and more efficient to bring one groups salary down toward the national average then to inflate the national average thus causing inflation. This is common sense.
When your company is going bankrupt and is having to ask for public assistance, I think that a salary reduction goes without saying.
We are not talking about the poor old coal miners who owed there soul to the company store here. We are talking about people who make at least double the national average salary.
And how exactly does this apply to the folks we are talking about who are in the upper 60% of the salary average for this country?
Originally posted by ProtoplasmicTraveler
One should not confuse common thinking with common sense. The fact that you prefer taking the easy way out and knocking people back, instead of wanting to take the hard road of helping everyone up is common but based on the state of the world is in because of that thinking is not very sensible.
Originally posted by ProtoplasmicTraveler
A wealth of information has been presented to you outlining a world wide economic crisis creating catastrophe for many businesses because consumers have no money or credit to circulate through the economy.
Originally posted by ProtoplasmicTraveler
No money is circulating through the economy because people are not paid a living wage by the few thousand people who control most of the world’s companies and horde most of it’s currency and resources.
Originally posted by ProtoplasmicTraveler
You are blinded to this by your vendetta against the UAW. This thread is not about the UAW.
Originally posted by ProtoplasmicTraveler
I feel very badly for you that you begrudge the initiative and self respect these people have shown for their work and time and how that has paid off for them versus the people who do not want to put in the initiative to making sure they are respected with adequate compensation for their services.
Originally posted by ProtoplasmicTraveler
Your message keeps coming across as everyone should be poor. I don’t agree.
Originally posted by ProtoplasmicTraveler
Once again this post is not about the UAW. The auto manufacturers are not having the problems they are having because of the UAW but the economy in general.
Originally posted by ProtoplasmicTraveler
The economy is in bad shape because people do not believe in the necessity for a living wage and that it has to be demanded and fought for if you hope to ever earn one.
Originally posted by ProtoplasmicTraveler
This is a typical tactic of disinformation agents as they attempt to bog down the direction of the thread to suit their agenda and get maximum exposure for their message and view.
Originally posted by ProtoplasmicTraveler
I am a self employed work at home free lance consultant and designer and I have no salary and I couldn’t afford to show up for work with what the UAW guys make.
Originally posted by ProtoplasmicTraveler
I once slept for six months in a public park in Los Angeles while working a part time job in the evening, and going to a vocational school in the morning. Is that a hard enough hardship for you?
Originally posted by ProtoplasmicTraveler
you live in Florida so I am sure your Air-conditioning works just fine.
Originally posted by ProtoplasmicTraveler
one of my clients makes subliminal messages for Hollywood for a living.
Originally posted by ProtoplasmicTraveler
The original post had you actually read it is could the reluctance to grant a bail out to the auto makers be a way of shutting down the rest of the independent press.
Originally posted by ProtoplasmicTraveler
You have attempted to make the post about your apparent vendetta against the UAW and anyone who makes more money than you with a lesser education
Originally posted by ProtoplasmicTraveler
I agree unfortunately Madison Avenue does not, and will bombard you night and day in every effort to make sure you do not with advertising and entertainment offerings making a richer lifestyle appear more common than it is.
Originally posted by ProtoplasmicTraveler
You seem to have a real problem with the common man, him making any significant amount of money, or him making more than you.
Originally posted by ProtoplasmicTraveler
encouraging ‘common’ people to earn or spend money in any excess.
Originally posted by ProtoplasmicTraveler
Well that’s some pretty faulty logic since almost everyone has 1 dollar which is 1 unit of currency. I am advocating a living wage not gifting of wealth. You seem to have the two confused.
What I am saying is that your method of helping everyone up will not do anything other then cause additional inflation.
That is because everyone lived the high life for the last 15 years and are now in debt up to their eyeballs. Now the ride is over and many don't want to pay for the over indulgent lifestyles they have lead up until now. So they are all defaulting on the credit and loans that they owe on. I know this because my situation has remained pretty well constant throughout most that time, I have received the same income, and simply didn't borrowed myself into debt buying unnecessary consumer junk. Things got a bit tighter when the gas was expensive, but I simply did not do an much driving during that period.
The money is not circulating because the credit froze up, the credit froze up because people stopped paying on what they owed, people stopped paying because they got themselves into credit debt beyond what their means were. Its always easy to blame someone else, but that is not really where this problem started now is it?
Actually I did not bring up the UAW, someone else did. I have already mentioned that its all the workers in that field who are excessively overpaid. I even added engineers to the list of salaries, and they are not even union people in several of the automotive corporations, they are white collar workers. There are also several different unions in the auto industry and if you look I even mentioned others such as the union electricians. What I do have a problem with is union tactics in general, and this is coming from someone who in his youth was a Shop Stewart.