Did they change this place to the insurance forum?... seems like alotta talk for just insurance, I don't think anyone ever talks about insurance, except here of course... but I guess when it evolves from investment to insurance that's what happens... whoda thunk?...
And their policy has made incomes rise. . . just for the select few. What part of the economy does it appear that they are rooting for?
What FED policy gave the top 1% higher wages while other stagnated?
If I had to place the blame somewhere it would usually go to Congress and state Governments. The "no regulation" 1980s allowed corporations to ship jobs to other countries and deny wage increases to the workers.
Household income....very key point. Usually used by the doom and gloomers who either do not know what encompasses that term, or who know and deliberately try to misinform.
Again, you have to understand that the top 1% is heavily skewed by the top 0.1% and that they really don't get paid a wage.
I'm not arguing that the top have not benefitted by rising asset prices, but these soundbite taglines need and deserve further dissection.
Overall wage growth is also skewed lower due to the lack of skilled workers in the economy. There are probably 2-3 million high paying jobs that are going unfilled due to a shortage of unskilled workers. The lower wages that have been created are skewing overall wages lower for the bottom 80% of workers.
@derryb said:
Yep. Waitresses and bartenders, thanks to economic policy failure it is the new American dream.
You really are clueless.
People gotta eat and drink. But to be more specific, the 2 largest demographic groups like to eat and drink. Retired baby boomers eat out more than non-retired boomers and they are retiring at a rate of 10,000 per day. The second group, millenials, are staying single longer and use restaurants and bars as social gathering places. We have more waitresses and bartenders because demand for them is high.
Now if those waitresses and bartenders wanted to learn a trade such as plumbing, eclectical, carpentry, welding, mechanics, machinery, then they could increase income dramatically and have no problem finding work. In fact, if they trained to be an OTR truck driver they could make 80-120k per year. This industry has a huge shortage of workers.
So many of your ilk think the American dream is something that should be handed to you. That's NEVER been the case. It's been about hard work and risk taking. Something your liberal and socialistic brethren kniw nothing about.
I just explained to you the reason why more waitresses and bartenders---demand.
I suppose the increase in all levels of health care professional employment is due to increased taxes and regulation.
Learn a skill, be mobile, and write your American dream. Dont do that and live in derry's nightmare.
Such a simple choice.
You always try to post such misleading BS. You want us to infer from your graph that those 1.4 million peeps who were in manufacturing are now bartenders.
Healthcare Jobs have grown 8.5% since 2007 because demand has increased due to an aging population. Manufacturing jobs are down because we already have enough junk cluttering our homes and WE have decided we don't want to pay up for more junk.
You are just so wrong on so much. I'm glad I find humor in your comments as you are a very depressing person.
Ask your bartender/waitress why they choose their current career. You may learn something. It used to be an "out of work actor" thingy. It has become and "out of work engineer" thingy.
"Weeding out the duplicates, I see an increase of 2,657,500 poor paying jobs. Weeding out the duplicates, I see a decline of 2,412,700 high paying (over $1,000 a week) jobs."
So you're saying that this over two and a half million workers voluntarily traded their high paying job for a poor paying Job? I submit they did not voluntarily walk away from a higher paying job because there was a demand for waitresses/bartenders. They had no choice if they wanted to continue putting food on their own table.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
"manufacturing" jobs in the US are also down because some of them can now be done here by robots, or sent overseas.
neither of which can happen to food service jobs, which are always local.
Nice to see a thread that starts out as one topic, then wander all over the place like a real conversation, just like the old days!
Exactly....you finally were able to understand what I wrote.
If that waitress had told me he job is just a job, then I would encourage him/her to pursue a career that will grow with demographics, such as heathcare. There is also a major shortage of skilled workers in home construction/maintenance. Also, Govt is always growing so lots of jobs there.
If these careers are not satisfactory then I would offer my condolence and tell them to quit whining. If they don't want to open the oyster, then someone else surely will.
@cohodk said:
Exactly....you finally were able to understand what I wrote.
If that waitress had told me he job is just a job, then I would encourage him/her to pursue a career that will grow with demographics, such as heathcare. There is also a major shortage of skilled workers in home construction/maintenance. Also, Govt is always growing so lots of jobs there.
If these careers are not satisfactory then I would offer my condolence and tell them to quit whining. If they don't want to open the oyster, then someone else surely will.
You fail to understand my point that many, many of these waitresses/bar tenders are already trained and qualified for much better work. They accepted their current job after loosing their high paying jobs through no fault of their own. Decisions made by central banks, economic planners and greedy employers cost them their jobs.
Your, "oh, they should be better prepared for a better job, it's all their fault" attitude is quite a disservice to them. You really are clueless, your beloved central planners created this inequity.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Your point is BS. There are millions of jobs out there for people with the right skills. Just because you went to college and learned the wrong skills doesn't mean there are no jobs.
Many of the available high paying jobs don't even require a college degree. And just because someone goes to college doesn't entitle one to a job.
If that bartender can't find a job in his field of training where he lives, then he should get off his ass and move to where there is a job. And if he still can't find a job then he should learn to be an electrician or truck driver, or 0lumber. If he doesn't want to do that then it's his own damn problem. You and your socially liberal views are the reason he can't find a job....because you've trained him whine and cry. GTFU.
I agree there are many unemployed, but this mostly has to do with the individuals....I see folks I wouldn't even hire to clean dog crap in a park. And many went to college to pursue an education in a field that is either low paying or declining in demand. That isn't the FED's fault.
If someone today has marketable skills, a good work ethic, and very importantly, prices their skills to the market, then they have no problem finding a job. Many "skilled" workers think they are worth a lot more than they really are. Dont inflate your self worth, and you'll get up and out of that bartender job.
I agree there are many unemployed, but this mostly has to do with the individuals....I see folks I wouldn't even hire to clean dog crap in a park. And many went to college to pursue an education in a field that is either low paying or declining in demand. That isn't the FED's fault.
If someone today has marketable skills, a good work ethic, and very importantly, prices their skills to the market, then they have no problem finding a job. Many "skilled" workers think they are worth a lot more than they really are. Dont inflate your self worth, and you'll get up and out of that bartender job.
easy advice from one who obviously was not affected by a bad economy. I'm sure the millions who were would love a chat with you. Hopefully, you'll get the chance to share their experience with the next downturn. Be sure to report back to us how it's all your fault.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
This is a stupid argument. Just because the rich get richer from FED policy, doesn't mean that income disparity is caused by the same action. You need to show where this policy had the effect of slowing wage growth in the lower 95%. The true culprit is human nature - in the form of a totally free market system. Free markets sound good, but they need to have controls.
For example, given a chance to keep all the wealth a business makes, would you do resort to slave labor? How about depressed wages for your employees. How about getting rid of the union opposition. These are things that will happen when the rules are removed. We have laws against slave labor. We have minimum wage laws. We have workers rights laws. Take those laws away and you'd see the wage disparity grow. Probably the biggest hit to the middle class's wages was the destruction of the unions in the 1980's.
Human nature, left without constraints does not lead to greatness.
This is a stupid argument. Just because the rich get richer from FED policy, doesn't mean that income disparity is caused by the same action. You need to show where this policy had the effect of slowing wage growth in the lower 95%.
It's simple, the lower 95% did not benefit as well as the top 5% did from asset inflation, fueled with QE money. Of course you could use Coho's argument and say that it's their own fault because someone earning $30,000 a year should have put it in the stock market. Good luck wid dat, they had more important uses for their limited income.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
"Virtually every businessman I have met since the start of demonetization on November 8 2016 has told me that revenues are down by as much as 80%. Entrepreneurs were already reeling under very difficult circumstances, but now many are going bankrupt."
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
@cohodk said:
Get out of your hell hole derryb. The USA is a pretty darned good place to be, and abounds with opportunity for everyone, everywhere. Check it out.
Said the one percent to the ninety nine percent. lol.
Agree, best place to be. Getting even better for some but worse for many, many more. Sorta like the US$, better the the rest but far from "forever."
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
The biggest issue we have had with our workforce in the last 4 months has been absenteeism. And we offer weekly attendance bonuses, as well as additional bonuses for quarterly attendance.
And I apologize for continuing to keep this thread of topic.
I know this thread has gone off topic Wings, but this is an important topic.
Seems you are left to hire the borderline hireable. Isn't it crazy that you have to reward people just to show up? We really have become a participation award society. However for someone who takes pride in success, the path appears easier as the competition is weak.
"In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Owners could only recoup their value by putting them into a bank account before the short grace period expired at year end, which many people and businesses did not manage to do, due to long lines in front of banks. The amount of cash that banks were allowed to pay out to individual customers was severely restricted. Almost half of Indians have no bank account and many do not even have a bank nearby. The economy is largely cash based. Thus, a severe shortage of cash ensued. Those who suffered the most were the poorest and most vulnerable. They had additional difficulty earning their meager living in the informal sector or paying for essential goods and services like food, medicine or hospitals."
Note that India's attack on it currency was followed by restrictions on gold.
From the USAID website: "While the benefits of digitizing payments are clear, what is less obvious is how we can change the everyday behavior of consumers and merchants in a cash-based economy like India."
Wonder who's "everyday" behavior Washington will attempt to change next? It's track record with economic experiments is less than flattering.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Comments
Did they change this place to the insurance forum?... seems like alotta talk for just insurance, I don't think anyone ever talks about insurance, except here of course... but I guess when it evolves from investment to insurance that's what happens... whoda thunk?...
What FED policy gave the top 1% higher wages while other stagnated?
If I had to place the blame somewhere it would usually go to Congress and state Governments. The "no regulation" 1980s allowed corporations to ship jobs to other countries and deny wage increases to the workers.
Household income....very key point. Usually used by the doom and gloomers who either do not know what encompasses that term, or who know and deliberately try to misinform.
Either way, the arrows are clearly pointing ip.
Knowledge is the enemy of fear
Pretty well documented that QE was the culprit.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Again, you have to understand that the top 1% is heavily skewed by the top 0.1% and that they really don't get paid a wage.
I'm not arguing that the top have not benefitted by rising asset prices, but these soundbite taglines need and deserve further dissection.
Overall wage growth is also skewed lower due to the lack of skilled workers in the economy. There are probably 2-3 million high paying jobs that are going unfilled due to a shortage of unskilled workers. The lower wages that have been created are skewing overall wages lower for the bottom 80% of workers.
Knowledge is the enemy of fear
Yep. Waitresses and bartenders, thanks to economic policy failure it is the new American dream.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
You really are clueless.
People gotta eat and drink. But to be more specific, the 2 largest demographic groups like to eat and drink. Retired baby boomers eat out more than non-retired boomers and they are retiring at a rate of 10,000 per day. The second group, millenials, are staying single longer and use restaurants and bars as social gathering places. We have more waitresses and bartenders because demand for them is high.
Now if those waitresses and bartenders wanted to learn a trade such as plumbing, eclectical, carpentry, welding, mechanics, machinery, then they could increase income dramatically and have no problem finding work. In fact, if they trained to be an OTR truck driver they could make 80-120k per year. This industry has a huge shortage of workers.
So many of your ilk think the American dream is something that should be handed to you. That's NEVER been the case. It's been about hard work and risk taking. Something your liberal and socialistic brethren kniw nothing about.
Knowledge is the enemy of fear
Regulation, taxation and Economic policy has destroyed American jobs, not lack of qualified people to fill them.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
I just explained to you the reason why more waitresses and bartenders---demand.
I suppose the increase in all levels of health care professional employment is due to increased taxes and regulation.
Learn a skill, be mobile, and write your American dream. Dont do that and live in derry's nightmare.
Such a simple choice.
You always try to post such misleading BS. You want us to infer from your graph that those 1.4 million peeps who were in manufacturing are now bartenders.
Healthcare Jobs have grown 8.5% since 2007 because demand has increased due to an aging population. Manufacturing jobs are down because we already have enough junk cluttering our homes and WE have decided we don't want to pay up for more junk.
You are just so wrong on so much. I'm glad I find humor in your comments as you are a very depressing person.
Knowledge is the enemy of fear
Ask your bartender/waitress why they choose their current career. You may learn something. It used to be an "out of work actor" thingy. It has become and "out of work engineer" thingy.
How Good are the Jobs the Economy is Creating?
"Weeding out the duplicates, I see an increase of 2,657,500 poor paying jobs. Weeding out the duplicates, I see a decline of 2,412,700 high paying (over $1,000 a week) jobs."
So you're saying that this over two and a half million workers voluntarily traded their high paying job for a poor paying Job? I submit they did not voluntarily walk away from a higher paying job because there was a demand for waitresses/bartenders. They had no choice if they wanted to continue putting food on their own table.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
"manufacturing" jobs in the US are also down because some of them can now be done here by robots, or sent overseas.
neither of which can happen to food service jobs, which are always local.
Nice to see a thread that starts out as one topic, then wander all over the place like a real conversation, just like the old days!
Liberty: Parent of Science & Industry
One mu> @Baley said:
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
If they tell me their career is waitressing then I really don't need to further a discussion with them.
Knowledge is the enemy of fear
For many, waitressing is not a career, it's a job and they are thankful to have it. Your assumption that they prefer to waitress/tend bar is naive.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Exactly....you finally were able to understand what I wrote.
If that waitress had told me he job is just a job, then I would encourage him/her to pursue a career that will grow with demographics, such as heathcare. There is also a major shortage of skilled workers in home construction/maintenance. Also, Govt is always growing so lots of jobs there.
If these careers are not satisfactory then I would offer my condolence and tell them to quit whining. If they don't want to open the oyster, then someone else surely will.
Knowledge is the enemy of fear
You fail to understand my point that many, many of these waitresses/bar tenders are already trained and qualified for much better work. They accepted their current job after loosing their high paying jobs through no fault of their own. Decisions made by central banks, economic planners and greedy employers cost them their jobs.
Your, "oh, they should be better prepared for a better job, it's all their fault" attitude is quite a disservice to them. You really are clueless, your beloved central planners created this inequity.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Your point is BS. There are millions of jobs out there for people with the right skills. Just because you went to college and learned the wrong skills doesn't mean there are no jobs.
Many of the available high paying jobs don't even require a college degree. And just because someone goes to college doesn't entitle one to a job.
If that bartender can't find a job in his field of training where he lives, then he should get off his ass and move to where there is a job. And if he still can't find a job then he should learn to be an electrician or truck driver, or 0lumber. If he doesn't want to do that then it's his own damn problem. You and your socially liberal views are the reason he can't find a job....because you've trained him whine and cry. GTFU.
Knowledge is the enemy of fear
I agree there are many unemployed, but this mostly has to do with the individuals....I see folks I wouldn't even hire to clean dog crap in a park. And many went to college to pursue an education in a field that is either low paying or declining in demand. That isn't the FED's fault.
If someone today has marketable skills, a good work ethic, and very importantly, prices their skills to the market, then they have no problem finding a job. Many "skilled" workers think they are worth a lot more than they really are. Dont inflate your self worth, and you'll get up and out of that bartender job.
Knowledge is the enemy of fear
I have marksmanship skills and am willing to talk to anyone in need of such.
a> @cohodk said:
easy advice from one who obviously was not affected by a bad economy. I'm sure the millions who were would love a chat with you. Hopefully, you'll get the chance to share their experience with the next downturn. Be sure to report back to us how it's all your fault.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
The advice is easy because it's the truth and called personal responsibility. Know it, own it.
http://www.indeed.com/m/jobs?l=United+States
The above link lists over 3 million jobs., enough for every waitress and bartender.
Knowledge is the enemy of fear
So, the the difference between the "haves" and the "have not's" is personal responsibility? You are so naive.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
The difference between having a job you want and one you don't want is personal responsibility.
Derry, you've lost the ability of cognitive thought. Maybe you need to start watching football too.
Knowledge is the enemy of fear
This is a stupid argument. Just because the rich get richer from FED policy, doesn't mean that income disparity is caused by the same action. You need to show where this policy had the effect of slowing wage growth in the lower 95%. The true culprit is human nature - in the form of a totally free market system. Free markets sound good, but they need to have controls.
For example, given a chance to keep all the wealth a business makes, would you do resort to slave labor? How about depressed wages for your employees. How about getting rid of the union opposition. These are things that will happen when the rules are removed. We have laws against slave labor. We have minimum wage laws. We have workers rights laws. Take those laws away and you'd see the wage disparity grow. Probably the biggest hit to the middle class's wages was the destruction of the unions in the 1980's.
Human nature, left without constraints does not lead to greatness.
It's simple, the lower 95% did not benefit as well as the top 5% did from asset inflation, fueled with QE money. Of course you could use Coho's argument and say that it's their own fault because someone earning $30,000 a year should have put it in the stock market. Good luck wid dat, they had more important uses for their limited income.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
My argument is that someone who makes 30k should strive to make 60 or 80 or 500k and quit whining that the American dream is unattainable.
Of course this isn't always possible, just as someone is always picked last on the team. Not everyone is equal, so invite should not be either.
Your contention is that skilled people are working as bartenders because that's the only job they can find. That's completely wrong and is BS.
Get out of your hell hole derryb. The USA is a pretty darned good place to be, and abounds with opportunity for everyone, everywhere. Check it out.
Knowledge is the enemy of fear
Life in a chaotic India
"Virtually every businessman I have met since the start of demonetization on November 8 2016 has told me that revenues are down by as much as 80%. Entrepreneurs were already reeling under very difficult circumstances, but now many are going bankrupt."
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Said the one percent to the ninety nine percent. lol.
Agree, best place to be. Getting even better for some but worse for many, many more. Sorta like the US$, better the the rest but far from "forever."
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
It's the 99% that will make America great again. Help them derryb, help them. I can only lead the horse to water.
Knowledge is the enemy of fear
what flavor is your water?
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Just plain old, unadulterated, unfiltered, 100% pure water.
Knowledge is the enemy of fear
The biggest issue we have had with our workforce in the last 4 months has been absenteeism. And we offer weekly attendance bonuses, as well as additional bonuses for quarterly attendance.
And I apologize for continuing to keep this thread of topic.
I know this thread has gone off topic Wings, but this is an important topic.
Seems you are left to hire the borderline hireable. Isn't it crazy that you have to reward people just to show up? We really have become a participation award society. However for someone who takes pride in success, the path appears easier as the competition is weak.
Knowledge is the enemy of fear
Turns out Washington is behind India's massive attack on cash
"In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Owners could only recoup their value by putting them into a bank account before the short grace period expired at year end, which many people and businesses did not manage to do, due to long lines in front of banks. The amount of cash that banks were allowed to pay out to individual customers was severely restricted. Almost half of Indians have no bank account and many do not even have a bank nearby. The economy is largely cash based. Thus, a severe shortage of cash ensued. Those who suffered the most were the poorest and most vulnerable. They had additional difficulty earning their meager living in the informal sector or paying for essential goods and services like food, medicine or hospitals."
Note that India's attack on it currency was followed by restrictions on gold.
From the USAID website:
"While the benefits of digitizing payments are clear, what is less obvious is how we can change the everyday behavior of consumers and merchants in a cash-based economy like India."
Wonder who's "everyday" behavior Washington will attempt to change next? It's track record with economic experiments is less than flattering.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan