onlooker wrote:Or maybe the numbers are a bit skewered around election time coincidentally
onlooker wrote:Or maybe the numbers are a bit skewered around election time coincidentally
Timo wrote:The reason no one is excited is because wages haven't grown at all, and people are working well below their means for a fraction of what they're truly worth. Plus, the quality of the jobs we have is below our expectations, as well. Unemployment may be low, but job satisfaction is even lower. Job security is even lower than that! And working for retirement??? Forget about it!!! We'll probably all be working in retirement just to make ends meet because we're not earning enough now to save enough for later. Yeah! I'm plenty excited about the state of our economy. Woo-hoo! I'm 50 years old and have a job. Only 30 or 40 years before i can finally die and get some long-deserved rest.
hvacman wrote:Jeffery Brown over at POB frequently updates us on the employment status of members of the oil industry, including himself. Fully employed refilling those DQ deep-fryer oil tanks every day.
Outcast_Searcher wrote:Timo wrote:The reason no one is excited is because wages haven't grown at all, and people are working well below their means for a fraction of what they're truly worth. Plus, the quality of the jobs we have is below our expectations, as well. Unemployment may be low, but job satisfaction is even lower. Job security is even lower than that! And working for retirement??? Forget about it!!! We'll probably all be working in retirement just to make ends meet because we're not earning enough now to save enough for later. Yeah! I'm plenty excited about the state of our economy. Woo-hoo! I'm 50 years old and have a job. Only 30 or 40 years before i can finally die and get some long-deserved rest.
Well gee. If only whining and saying incorrect things solved things, then your post would have us all in business.
If people are working for a tiny fraction of what they're worth, then just become a trillionare by hiring people for similar wages, and make the truly INCREDIBLE profits based on utilizing them up to what they're worth! (Just scale up as you experience wild success).
What? You're not wildly rich yet? You'd best get cracking! (Hint, surely you know how to get $10,000 an hour in value for the 7 (count 'em) 7 McDonald's workers who were standing around the other night talking, playing with their cell phones, twirling sacks of plastic bags, etc. instead of waiting on me, the ONLY CUSTOMER IN LINE for about ten minutes. I don't know how you'll be able to even count all the profit you'll make from such underpaid workers!)
Wages have grown since the 70's in terms of buying MANY things that let people enter the comfortable middle class. Both in terms of far more choice, and in terms of functionality. Microwave ovens and 73 types of blue jean styles are prime examples. "Myths of Rich and Poor", written by two economists documents this quite well. But don't read it if you don't want your insistence that "wages are falling" challenged.
And by all means, if objective measurements like unemployment challenge the doomer manifesto, then by all means complain about job satisfaction! Because we all know, slaves in the Roman Empire were all completely satisfied with their jobs -- so only modern America could hand workers such a raw deal.
Plantagenet wrote:But if the BLS is cooking the numbers to help the Ds, then why are the Ds all wailing about how poor the economy is?
I can see why Bernie is complaining about low wages and Wall Street and stuff like that, but why isn't Hillary spending her time saying how great the economy is and giving Obama the credit he deserves for bringing the US to full employment, rather then wailing about the evils of Wall Street right along with Bernie??.
The economy is having the worst, it's so bad, hey Bill every time I go out I have packed auditoriums because people don't have jobs.
It's a phony jobs number, the real number is 25% and probably higher than that. People are looking for jobs, they can't find them, they keep looking, then they give up, and then the government says they're not statistically unemployed.
Bill, the economy is doing terribly.
Look at even the stock market. That was the one good thing, now finally that's crashing.
These are phony numbers, put up by politicians, to make them look good.
When you hear 5% and 4.9%, it's not the right number.
And, as you probably have heard, the jobs are BAD jobs.
They're really low level jobs, and they're bad jobs. I've seen fifteen different reports on that.
If you look around for a job for months and months, you can't get one, then you just go home and forget about it, then you're considered employed.
There are people out there Bill, they can't get jobs, that's why I'm filling up these stadiums.
https://youtu.be/ilUIaRC6jIE?t=69
Bernie Sanders says jobs report doesn't tell the whole story
"There's another government statistic that comes out at the same time that does not often get reported, which looks at unemployment not only for those who don't have jobs, but those who are working part-time when they want to work full-time," Sanders said Friday at an event in Manchester, N.H. "And that's a lot of people in this country. And those people in high unemployment areas who have given up looking for work."
http://www.upi.com/Top_News/US/2016/02/05/Bernie-Sanders-says-jobs-report-doesnt-tell-the-whole-story/5401454698853/
Users browsing this forum: No registered users and 187 guests