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Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

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Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

mookie1995 said:
Scooby also see a reasoning where as retired folk are being replaced by younger folk the wages are being reset to entry level salaries?
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You can't just look at the raw numbers. You also have to consider the impact of inflation, and the overall stagnation in real wages for the middle class that has been ongoing for almost 4 decades now.

Also in some cases, the older generation isn't being replaced with younger workers. They are "retiring" in their early-to-mid 60s, then rehired as contractors with no benefits. It's win-win for employers, as they get to keep an experienced worker in the role, and no longer have to pay their insurance premiums or 401k match.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

FadeToBlack&Gold said:
You can't just look at the raw numbers. You also have to consider the impact of inflation, and the overall stagnation in real wages for the middle class that has been ongoing for almost 4 decades now.

Also in some cases, the older generation isn't being replaced with younger workers. They are "retiring" in their early-to-mid 60s, then rehired as contractors with no benefits. It's win-win for employers, as they get to keep an experienced worker in the role, and no longer have to pay their insurance premiums or 401k match.
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according to gov'ment there has been little to no inflation for a generation now
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

joecct said:
$4/hr (I think) working for GHI in NYC for the summer. It WAS in 1974.
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And right now it's around $10/hr for college students working the standard summer and after school jobs. But they're putting in less than 20 hours/week.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

joecct said:
I put in 35 hrs/wk during the summer jobs.
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I was only part time myself and only during the breaks at that, but I was able to pay for what I needed to pay for at the time. One thing I really wish they'd teach is how to live within your means... the amount of debt today is insane...
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

FlagDUDE08 said:
I was only part time myself and only during the breaks at that, but I was able to pay for what I needed to pay for at the time. One thing I really wish they'd teach is how to live within your means... the amount of debt today is insane...
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Bingo!
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

joecct said:
Bingo!
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You do realize how much College tuition has increased? It's just about impossible to pay for your kids (or them pay for it) education without borrowing. Also, home ownership has gotten more expensive. And car ownership. This has all happened while we all post all this data about the lack of inflation. Yet 3 pillars of our society (along with a 4th) Health Care, have skyrocketed. And you want people to live within their means?

****ing hilarious.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

ScoobyDoo said:
You do realize how much College tuition has increased? It's just about impossible to pay for your kids (or them pay for it) education without borrowing. Also, home ownership has gotten more expensive. And car ownership. This has all happened while we all post all this data about the lack of inflation. Yet 3 pillars of our society (along with a 4th) Health Care, have skyrocketed. And you want people to live within their means?

****ing hilarious.
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Tuition has gone up, yes. Started skyrocketing around the time the government subsidies came around. As the prices increased, so did the subsidies.
As for housing, didn't the government stick their nose in to force the allowance of sub-prime lending?
Cars now have all of these mandated extra features and other high standards, gee who mandated those?
Health care has seen administrative costs skyrocket, along with other subsidies through "marketplaces". I'll give you three guesses as to what caused that, but you're only going to need one...

Anyone else see a common trend here?
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

The ratio of CEO-to-worker pay has increased 1,000 percent since 1950, according to data from Bloomberg. Today Fortune 500 CEOs make 204 times regular workers on average, Bloomberg found. The ratio is up from 120-to-1 in 2000, 42-to-1 in 1980 and 20-to-1 in 1950.

“When CEOs switched from asking the question of ‘how much is enough’ to ‘how much can I get,’ investor capital and executive talent started scrapping like hyenas for every morsel,” Roger Martin, dean of the University of Toronto’s Rotman School of Management, told Bloomberg.
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http://www.huffingtonpost.com/2013/04/30/ceo-to-worker-pay-ratio_n_3184623.html
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

ScoobyDoo said:
http://www.huffingtonpost.com/2013/04/30/ceo-to-worker-pay-ratio_n_3184623.html
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Corporate boards want the right person for the CEO job, and will pay whatever it takes to ensure they have the best leader to lead their company into prosperity. Not really much different from having a hot-shot sports player. And it takes a very special type of person to be a CEO; they pretty much work 168 hours a week. Judge white collar vs. blue collar all you want, but with so much at stake, you really need the right person. Any business owner, regardless of size, will tell you how difficult being a CEO is.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

ScoobyDoo said:
http://www.huffingtonpost.com/2013/04/30/ceo-to-worker-pay-ratio_n_3184623.html
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Said it 10 years ago...will say it again. This trend of wage gap will continue to grow. Its a major problem, but its simple supply and demand. The American top executive and successful entrepreneur is extremely valuable and with freer flows of labor, capital, markets and information, what has been an exclusive American commodity - best in the world American business geniuses - are becoming a global commodity.

In centuries past, entrepreneurs just wouldn't pay employees...market economics have determined that is a worse business outcome than paying workers a decent living but paying executives tons. The growing wage gap is a problem without a solution, where the cure is worse than the disease.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

5mn_Major said:
Said it 10 years ago...will say it again. This trend of wage gap will continue to grow. Its a major problem, but its simple supply and demand. The American top executive and successful entrepreneur is extremely valuable and with freer flows of labor, capital, markets and information, what has been an exclusive American commodity - best in the world American business geniuses - are becoming a global commodity.

In centuries past, entrepreneurs just wouldn't pay employees...market economics have determined that is a worse business outcome than paying workers a decent living but paying executives tons. The growing wage gap is a problem without a solution, where the cure is worse than the disease.
Click to expand...

Actually there is a solution to it: Get rid of artificial-monopoly-creating regulations, which will allow enterprising folk to start offering a better deal for the work that needs to be done.
 
Re: Business, Economics & Tax Policy 5.0: Can a blind nut find a squirrel?

Rumor has it that Trumps new tax policy will not include a tax cut for the rich 'the rich will not be gaining at all with this plan'...and 'if they (taxes on the rich) have to go higher, they'll go higher'.

Historically the poor have been screwed by the GOP...they've been sold a bill of goods and then the rich have gotten the rewards. We have a potential reversal situation where many rich might have been sold a bill of goods and get screwed. Frankly, this makes some logical sense - this cycle many of Trumps new supporters are disenfranchised poorer whites. The old southern strategy is playing itself out into their northern rural neighbors...and GOP policy may be affected.
 
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