Originally posted by Handyman
View Post
Announcement
Collapse
No announcement yet.
Business, Economics, and Taxes: Capitalism. Yay? >=(
Collapse
This topic is closed.
X
X
-
Facebook: bcowles920 Instagram: missthundercat01
"One word frees us from the weight and pain of this life. That word is love."- Socrates
Patreon for exclusive writing content
Adventures With Amber Marie
-
Apparently Josh Marshall is behind people were asking that a couple days ago ;^)"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
Comment
-
Originally posted by MissThundercat View Post
I left Meijer a couple months ago. They're still paying cashiers/service $11.50 to start and they're still calling "Department 20 to Service" during peak times, which means "if you're register trained, f what you're doing and get up front."
If the minimum ever goes to $15/hr, I predict they will adopt as much of the Aldi model as they can. They'll convert all the checkouts to self-checkouts, make people wrangle their own carts with 25 cent deposits, and start charging for bags.
Comment
-
Originally posted by Deutsche Gopher Fan View Post
But Biden has destroyed the economy.What kind of cheese are you planning to put on top?
Comment
-
Originally posted by rufus View Post
Heard on the radio yesterday, number of people filing for unemployment last week was at a 50 year low.
The irony is the total economy does better and far more fortunes are made when inflation is permitted to wax and wane naturally. It's just not optimal for the dead weight of established fortunes, and so they rigged the system to reward themselves while hindering everyone else.
The real American political rivalry should not be "rich vs poor." It should be "the already rich vs everyone who wants to be rich."
Last edited by Kepler; 11-25-2021, 09:46 AM.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
Comment
-
Originally posted by Kepler View Post
Makes sense. Inflation and unemployment typically vary inversely. The Fed is chartered to keep both parameters under control, but it was captured by the wealthy in the 80s and since then has only held inflation artificially low to serve the billionaires at the expense of everyone else. Now that inflation is finally rising, one would expect real employment -- real jobs, not hellish serfdom like the service industry -- to pick up.
The irony is the total economy does better and far more fortunes are made when inflation is permitted to wax and wane naturally. It's just not optimal for the dead weight of established fortunes, and so they rigged the system to reward themselves while hindering everyone else.
The real American political rivalry should not be "rich vs poor." It should be "the already rich vs everyone who wants to be rich."
Inflation is a symptom, not a cause (frankly the same is true of employment levels). Inflation doesn't cause higher employment, nor does higher employment cause inflation, at least directly.
The only way inflation helps poor people is by lowering the real cost of fixed debt. But the higher costs of goods and services can eat into those gains quickly.
The pandemic is a big reason why there's low unemployment right now. In addition to the medical attrition, it finally kicked a bunch of Boomers into retirement, opening up a bunch of high end jobs which then get filled, opening up middle management jobs which get filled, and so on down the line until there are a bunch of ****ty jobs no one can fill because everyone qualified found better work.
Comment
-
Originally posted by Deutsche Gopher Fan View PostIt’s hard to keep track of all of Biden’s destruction"It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
Comment
-
Originally posted by unofan View Post
The pandemic is a big reason why there's low unemployment right now. In addition to the medical attrition, it finally kicked a bunch of Boomers into retirement, opening up a bunch of high end jobs which then get filled, opening up middle management jobs which get filled, and so on down the line until there are a bunch of ****ty jobs no one can fill because everyone qualified found better work.
The "problem" seems to be (and IIRC this all started with a WSJ article) that since unemployment is low there isn't the glut of workers willing to replace the cogs. This is how businesses kept wages low and profits high. Now that there isn't 5 people to replace you willing to work for those meager wages just to have a job if you decide to ask for a small raise the businesses are freaking out. (especially service industry and retail) If they aren't willing to pay a competitive wage with benefits then the workers walk because there is tons of places that are getting desperate. I mean friggin Walmart is even getting with the times...
As one commenter said to Josh Marshal "The argument to not change minimum wage was that the market would correct itself and businesses would do what is right for their workers. Now businesses are having to pay more and are complaining bc they have to pay their workers more."."It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
Comment
-
Originally posted by unofan View Post
... which is why the Zimbabwe quadrillion currency unit note is the most sought after in the world? Ok comrade.Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
Comment
-
Originally posted by unofan View PostInflation doesn't cause higher employment, nor does higher employment cause inflation, at least directly.
The point is the Fed was supposed to have two jobs but it's only been doing one. They are the equivalent of a department of transportation charged with keeping commerce moving while also enforcing highway safety removing all speed limits because the commercial lobby is stronger than the kids who get splatted lobby.
Man freezing to death: "oh God, I could use some heat."
uno: "So, you'd like to live on the surface of the Sun?!"Cornell University
National Champion 1967, 1970
ECAC Champion 1967, 1968, 1969, 1970, 1973, 1980, 1986, 1996, 1997, 2003, 2005, 2010
Ivy League Champion 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1977, 1978, 1983, 1984, 1985, 1996, 1997, 2002, 2003, 2004, 2005, 2012, 2014, 2018, 2019, 2020
Comment
-
See, people were complaining that Biden wasn't doing anything to lower gas prices, so he releases some oil from the reserve and now crude oil is down 12% in a day.
You're welcome.
Cornell '04, Stanford '06
KDR
Rover Frenchy, Classic! Great post.
iwh30 I wish I could be as smart as you. I really do you are the man
gregg729 I just saw your sig, you do love having people revel in your "intelligence."
Ritt18 you are the perfect representation of your alma mater.
Miss Thundercat That's it, you win.
TBA#2 I want to kill you and dance in your blood.
DisplacedCornellian Hahaha. Thread over. Frenchy wins.
Test to see if I can add this.
Comment
-
Originally posted by Kepler View Post
Nobody said they did.
The point is the Fed was supposed to have two jobs but it's only been doing one. They are the equivalent of a department of transportation charged with keeping commerce moving while also enforcing highway safety removing all speed limits because the commercial lobby is stronger than the kids who get splatted lobby.
Man freezing to death: "oh God, I could use some heat."
uno: "So, you'd like to live on the surface of the Sun?!"
"Oh god I could use some heat."
"Here, have this match, it's all I've got."
- 1 like
Comment
-
Originally posted by unofan View Post
Because the fed's tools are great for controlling inflation but suck for stimulating employment. If you're out of a job, you aren't borrowing money even if interest rates are 0%. But you can ratchet interest rates to the moon to stop inflation if needed. You want to stimulate jobs, you need fiscal policy, not monetary. Which means Congressional action.
"Oh god I could use some heat."
"Here, have this match, it's all I've got.""It's as if the Drumpf Administration is made up of the worst and unfunny parts of the Cleveland Browns, Washington Generals, and the alien Mon-Stars from Space Jam."
-aparch
"Scenes in "Empire Strikes Back" that take place on the tundra planet Hoth were shot on the present-day site of Ralph Engelstad Arena."
-INCH
Of course I'm a fan of the Vikings. A sick and demented Masochist of a fan, but a fan none the less.
-ScoobyDoo 12/17/2007
Comment
Comment