I know.
thats a pretty bold statement...
I'll correct it...
They have no morals when it comes to other people's lifestyles and the well being of their fellow countrymen.
Sep 28 - Americans Have No Idea How Bad Inequality Really Is
- Thread starter Deadpool1986
- Start date
I'll correct it...
They have no morals when it comes to other people's lifestyles and the well being of their fellow countrymen.
KeysT
Playa from the Himalayas #ByrdGang
Pos rep
If most earned more than 70k? no, if we just gave it to them, yes. IMHO
Well theres a lot of things wrong in this post
lol, rich people don't even care about other rich people unless it benefits them. Most aren't thinking about the poor . a guy making 600 Million as CEO isn't trying to hear shyt about going to 300 Millions so that his workers can go from $9 to $16 and maybe not struggle as much... maybe afford community college or new shoes for their kids.
And i think we should cut military spending...........What i meant by We aren't going to cut it is......... the very people we are discussing do not want it cut and they control the people who are in place to cut it........and the they control the campaign funds, media and in-turn the Votes of the people who the Military industrial complex affects the most.
For starters CEO pay is largely tied up in stock options... i.e. its not actual money they can spend, its just paper wealth they cant really access till they retire. Secondly the highest CEO yearly pay is about 150M and again thats from exercising stock options. U are off by an order of magnitude on real CEO pay. Thirdly $16 is still struggling and that little raise doesn't address any of the problems keeping poor people poor. Healthcare only got less expensive with reform... student loans are still crazy high... u can't rent an apartment on $16/hour somewhere like SF or NYC. Fourthly u grossly overexaggerate the effect CEO pay has... if they gave up their $$$ it would range anywhere from like $100 a YEAR to $1 an hour. So like always someone talking "CEO pay" has no fukking clue what they're talking about and don't really care about actually addressing the issues poor people are facing.
And as for your second paragraph... yadda fukking yadda... if "they control the people in place" and nothing can be done why bother participating in a discussion to begin with? Just to whine and play the victim card? What a waste of time.
jilla82
Superstar
what are you referring to when you say exploit? Wages?
What kind of jobs are you speaking of?
There are also a good amount of well paying manual labor jobs that arent being filled because there arent enough qualified people to fill them.
Truth is...automation is changing everything...a lot of these low level jobs will be useless in the near future.
Its projected that 40% to 50% of the workforce will be independent contractors.
People need to adapt, and realize that depending on a job isnt going to be the way of the future...thats just how it is.
Politicians are doing a horrible job of telling the truth (on both sides).
There are very few that would blow the opportunities given.
We shouldn't give the money but we should GIVE the path.
Not make it so that very few can break into the uppper and middle class.
this is America, if ur household isn't bringing in 100K you are dealing with more stress than a human should have to deal with.
Some people are sorry as fukk and they will weed themselves out.
but everything needs to change. Businesses who make shyt overseas.... Zero tax breaks, deductions, credits, etc. Military spending- reform. welfare - reform. Law, especially drug law reform.
Something as simple as Driver responsibilities fees (and programs like it ) in certain states are basically Poor people oppression programs that leave people in cycles of jail and poverty......
Those programs need to be replaced with early childhood education programs.
Also.......... programs for urban /poor financial literacy should at least double whats given to Zionist nations. We say 'GIVEN; when we are speaking on Americans, especially black people trapped in Amerikka..............but it's OK to fund private prisons, Israel, other random nations, and random initiatives.
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lol, you sound very aggressive.
And reform (with gov spending ) can always happen with the right circumstances and people .
As far as ceo pay..... i technically make 45K per year for a base. I'm going to leave that............. AT that, lol. SMH.
CEO pay has increase nearly 1000% in 30 years. What has worker pay increase in those same 30 years............ i'll let you do the research.
There isn't an endless amount of wealth or opportunity so that everyone can be the one to 'create' it.
We can't shyt on workers just because they take traditional paths.
People who aren't wealthy need to have jobs they can depend on and also be paid a wage that their families can ................increase the chance of making it into the middle class on.
It's crazy that the people who actually build everything and make everything are some of the most struggling............we wouldn't have shyt if it wasn't for them , yet when times change they're expected to adapt to shyt they know nothing about.
Teachers are paid less than less relevant career fields -------and they had to unionize and basically threaten to not teach in every major city to even get OK mediocre wages. That's the nation we live in.
jilla82
Superstar
It goes both ways.
Pensions are killing cities/towns budgets...and they dont to compromise anything.
add to that, its hard as hell to fire some of these no good teachers.
That whole system is messed up.
I do agree that some fields should be paid more...but you cant change progress and technology.
Its about supply and demand. If there are 100 people for 1 job...it becomes a race to the bottom.
So as a worker you have to focus on increasing your worth. I strongly believe that in the marketplace, a committed, hard working employee will get noticed. There are a lot of lazy ass people out there...and companies are looking for those with drive.
People focused on money think an 8 hour work day is short...while a normal employee is dreaming of the weekend.
There is a fundamental difference in how people think about money...those who just go along w/ the motions end up lacking and feeling that the system is unfair.
Its why I always stress how important your finances our...im shocked at how many people dont even think about the future.
MurderSheWrote
Pro
yeah can't remember her name, but i'd be interesting hearing opinion on this topic; for research purposes
Sorry fatherless ninjas but I don't feel like educating you on the reality that seeking a man who is an adequate provider for marriage, family and procreation is called normal outside of the black community. Only in the black community where ninjas are downtrodden and broke are women called gold diggers for seeking a man who can provide. It is a shaming tactic that falls on deaf ears with those of us who grew up with a father who actually handled his business.
I think working class Americans are very aware of the economic situation. Shopping malls and casinos are closing and marketers are predicting a less than stellar holiday shopping season. Some Federal Reserve reps have been complaining that the 99% have been hoarding money recently. Those bloodsuckers watch everything you make and spend like hawks.
saw this a few days ago.
Middle class caught in spending squeeze
By Sheryl Jean
The Dallas Morning News
09/26/2014 7:57 PM
09/26/2014 7:57 PM
Jason Prosser picks up his son Zachary, 3, from day care last week, in SeaTac, Wash. Prosser and his wife are one of many middle-class couples struggling with accelerating costs for critical services such as health care and housing.Ted S. Warren/AP
Squeezed between flat wages and rising prices, many middle-class consumers are feeling poor.
The recession forced many people to change their ways as nearly 9 million Americans lost their jobs and home foreclosures hit record highs.
As a result, many stuck their credit cards in a drawer, cut back on spending and hunkered down.
Now, five years after the recession ended, the economy appears to be improving, but middle-class consumers still haven’t bounced back.
In fact, a recent Federal Reserve report found that more than a third of American households say they’re worse off now than in 2008, and nearly 40 percent said they’re “just getting by” or struggling to do so.
Rampant spending isn’t dead, but today’s consumer is more prudent, looking for ways to save money, buying cheaper brands and spending a larger share of income on necessities. Midyear retail sales were so disappointing that many national retailers lowered expectations for the rest of 2014.
“We really are a little bit scared — memories of how catastrophic it was and how much worse it could have been in 2007-2008,” said James Roberts, a marketing professor at Baylor University who has studied consumer behavior for 25 years. “I think we all still see an economy that we don’t trust — that the other shoe’s going to drop.”
That’s how 25-year-old Dallas resident Marty Martinez feels.
“In terms of spending, I have really reeled it all the way back because I don’t know what the future will hold for me,” said Martinez, who launched a digital marketing business in February. “Starting your own business, there’s always uncertainty. I rarely buy anything that’s full price.”
He estimates his annual income will be about $40,000 this year. Martinez plans to drive his 2002 Honda Civic “into the ground” to delay having a car payment on top of his student loan payment of $475 a month.
Consumer spending drives the economy, accounting for nearly 70 percent of the nation’s economic output. So if more people live within their means, like Martinez, that’s not necessarily good for the economy. Some policymakers and economists worry that changing consumer spending patterns could slow economic growth at a crucial time.
IN A RUT
The middle class matters because it’s such a large group — estimated to make up nearly two-thirds of U.S. households. There is no single definition of the middle class, but one measure says it’s household income of about $40,000 to roughly $100,000. Other estimates place the top income higher.
“Families are not feeling that they’re getting ahead,” said Elise Gould, a labor market economist for the Economic Policy Institute in Washington, D.C. “During and since the Great Recession, we’ve seen wages have been flat or falling. That’s a serious problem.”
Most Americans have seen their incomes shrink since the end of the recession in mid-2009 and even farther back.
“Middle-class household incomes, adjusted for inflation, are down significantly from five years ago,” said Gordon Green, a former U.S. Census Bureau official who is a partner in Maryland-based Sentier Research. “If people’s incomes are significantly lower than where they were five years ago, they don’t have the same buying power.”
NECESSITIES
Consumer spending dipped last year — the first decline in three years — as families cut back on clothing, entertainment, restaurants and charitable contributions, according to government data released last week. Consumers spent an average of $51,100 last year, compared with $51,442 in 2012.
It’s not just a question of spending, but what kind of spending. A larger share of consumers’ wallets today goes toward necessities like food, transportation and healthcare.
From 2009 to 2012, Americans’ spending rose 21 percent for eggs, 19 percent for medical supplies and 26 percent on new cars. Some of the increase could be due to higher prices on certain items, such as milk and meat; aging baby boomers needing more medical care; and persistently high energy costs.
“We’re seeing some shifting of spending,” said Baylor’s Roberts, who wrote the book Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy. For example, sales of durable goods and autos are up this year because consumers “put off buying that refrigerator” due to previous job uncertainty, he said.
This shift in spending began about 20 years ago and has accelerated in the last decade as more people move toward a lifestyle based less on reckless spending and more on value.
TEMPORARY BLIP?
Experts disagree on whether the U.S. consumer is forever changed, which could lead to longer-term economic issues, or if this is a temporary blip in commercialism.
Chris Christopher Jr., director of consumer economics for IHS Global Insight, is still counting on consumer spending to drive the bulk of future economic growth. He expects consumer spending to grow in the next two years.
Policymakers think job growth is the best way to spur consumer spending and economic growth.
But the Economic Policy Institute’s Gould says job growth without wage growth isn’t enough.
“We need to help regular people see wage growth,” Gould said. “The answers are there. In states that increased their minimum wage in early 2014, wages actually rose slightly. Policy can matter. None of this is inevitable.”
The U.S. minimum wage is $7.25 an hour, or about $15,000 a year. President Barack Obama has been pushing Congress to catch up to 13 states and some cities that have raised their minimum wage to as much as $15 an hour.
John Doggett, a senior lecturer in management at the University of Texas at Austin, sees more of a longer-lasting impact.
“This most recent recession was the deepest and longest” since the Great Depression, he said. “People feel that. I think we’re looking at a midterm to long-term permanent shift in consumer behavior.”
saw this a few days ago.
Middle class caught in spending squeeze
By Sheryl Jean
The Dallas Morning News
09/26/2014 7:57 PM
09/26/2014 7:57 PM
Jason Prosser picks up his son Zachary, 3, from day care last week, in SeaTac, Wash. Prosser and his wife are one of many middle-class couples struggling with accelerating costs for critical services such as health care and housing.Ted S. Warren/AP
Squeezed between flat wages and rising prices, many middle-class consumers are feeling poor.
The recession forced many people to change their ways as nearly 9 million Americans lost their jobs and home foreclosures hit record highs.
As a result, many stuck their credit cards in a drawer, cut back on spending and hunkered down.
Now, five years after the recession ended, the economy appears to be improving, but middle-class consumers still haven’t bounced back.
In fact, a recent Federal Reserve report found that more than a third of American households say they’re worse off now than in 2008, and nearly 40 percent said they’re “just getting by” or struggling to do so.
Rampant spending isn’t dead, but today’s consumer is more prudent, looking for ways to save money, buying cheaper brands and spending a larger share of income on necessities. Midyear retail sales were so disappointing that many national retailers lowered expectations for the rest of 2014.
“We really are a little bit scared — memories of how catastrophic it was and how much worse it could have been in 2007-2008,” said James Roberts, a marketing professor at Baylor University who has studied consumer behavior for 25 years. “I think we all still see an economy that we don’t trust — that the other shoe’s going to drop.”
That’s how 25-year-old Dallas resident Marty Martinez feels.
“In terms of spending, I have really reeled it all the way back because I don’t know what the future will hold for me,” said Martinez, who launched a digital marketing business in February. “Starting your own business, there’s always uncertainty. I rarely buy anything that’s full price.”
He estimates his annual income will be about $40,000 this year. Martinez plans to drive his 2002 Honda Civic “into the ground” to delay having a car payment on top of his student loan payment of $475 a month.
Consumer spending drives the economy, accounting for nearly 70 percent of the nation’s economic output. So if more people live within their means, like Martinez, that’s not necessarily good for the economy. Some policymakers and economists worry that changing consumer spending patterns could slow economic growth at a crucial time.
IN A RUT
The middle class matters because it’s such a large group — estimated to make up nearly two-thirds of U.S. households. There is no single definition of the middle class, but one measure says it’s household income of about $40,000 to roughly $100,000. Other estimates place the top income higher.
“Families are not feeling that they’re getting ahead,” said Elise Gould, a labor market economist for the Economic Policy Institute in Washington, D.C. “During and since the Great Recession, we’ve seen wages have been flat or falling. That’s a serious problem.”
Most Americans have seen their incomes shrink since the end of the recession in mid-2009 and even farther back.
“Middle-class household incomes, adjusted for inflation, are down significantly from five years ago,” said Gordon Green, a former U.S. Census Bureau official who is a partner in Maryland-based Sentier Research. “If people’s incomes are significantly lower than where they were five years ago, they don’t have the same buying power.”
NECESSITIES
Consumer spending dipped last year — the first decline in three years — as families cut back on clothing, entertainment, restaurants and charitable contributions, according to government data released last week. Consumers spent an average of $51,100 last year, compared with $51,442 in 2012.
It’s not just a question of spending, but what kind of spending. A larger share of consumers’ wallets today goes toward necessities like food, transportation and healthcare.
From 2009 to 2012, Americans’ spending rose 21 percent for eggs, 19 percent for medical supplies and 26 percent on new cars. Some of the increase could be due to higher prices on certain items, such as milk and meat; aging baby boomers needing more medical care; and persistently high energy costs.
“We’re seeing some shifting of spending,” said Baylor’s Roberts, who wrote the book Shiny Objects: Why We Spend Money We Don’t Have in Search of Happiness We Can’t Buy. For example, sales of durable goods and autos are up this year because consumers “put off buying that refrigerator” due to previous job uncertainty, he said.
This shift in spending began about 20 years ago and has accelerated in the last decade as more people move toward a lifestyle based less on reckless spending and more on value.
TEMPORARY BLIP?
Experts disagree on whether the U.S. consumer is forever changed, which could lead to longer-term economic issues, or if this is a temporary blip in commercialism.
Chris Christopher Jr., director of consumer economics for IHS Global Insight, is still counting on consumer spending to drive the bulk of future economic growth. He expects consumer spending to grow in the next two years.
Policymakers think job growth is the best way to spur consumer spending and economic growth.
But the Economic Policy Institute’s Gould says job growth without wage growth isn’t enough.
“We need to help regular people see wage growth,” Gould said. “The answers are there. In states that increased their minimum wage in early 2014, wages actually rose slightly. Policy can matter. None of this is inevitable.”
The U.S. minimum wage is $7.25 an hour, or about $15,000 a year. President Barack Obama has been pushing Congress to catch up to 13 states and some cities that have raised their minimum wage to as much as $15 an hour.
John Doggett, a senior lecturer in management at the University of Texas at Austin, sees more of a longer-lasting impact.
“This most recent recession was the deepest and longest” since the Great Depression, he said. “People feel that. I think we’re looking at a midterm to long-term permanent shift in consumer behavior.”
there's that D word again: Derivatives
The Collapse of the American Economy Has Begun
Sunday, September 28, 2014 6:14
http://beforeitsnews.com/economics-...f-the-american-economy-has-begun-2469548.html
The Collapse of the American Economy Has Begun
Sunday, September 28, 2014 6:14
http://beforeitsnews.com/economics-...f-the-american-economy-has-begun-2469548.html
heisenburrr
Have Fun Staying Poor
You are all wasting time trying to come up with solutions. There is no fixing this system. It is rotten at its core.
The great USA empire is coming to an end. The whole system will have to crash and burn. A new one will rise from the ashes.
The great USA empire is coming to an end. The whole system will have to crash and burn. A new one will rise from the ashes.
So reform can happen, but all the shyt I listed can't?
How many dollars is the average CEO taking out of the average worker's pocket?
I agree, we should remove artificial barriers and restore economic mobility. How to go about this, is what we should be discussing/debating.
I agree, I just go further and think govt. shouldn't be funding any of it...