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Old 11-05-2017, 02:41 PM
 
8,376 posts, read 7,362,552 times
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Some good jobs have been lost, and at the same time a lot of high pay new jobs have been created. Unemployment has gone down to levels not seen in 50 years. Things are not near as bad as a lot of people think.

There is an old saying: If your neighbor loses his job, we are having a slight recession. If you lose your job, it is a terrible depression condition in the country.
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Old 11-05-2017, 03:52 PM
 
Location: Southwest
1,532 posts, read 941,924 times
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Quote:
Originally Posted by rruff View Post
The permanent loss of good jobs has been going on for 40 years. The only thing that happened in '08 was that a financial fraud and private debt bubble popped, which eliminated some jobs which relied on it.
I know about the loss of jobs in past decades but thought 2008 was worse for job losses from financial fraud and private debt.


Quote:
Originally Posted by oldtrader View Post
Some good jobs have been lost, and at the same time a lot of high pay new jobs have been created. Unemployment has gone down to levels not seen in 50 years. Things are not near as bad as a lot of people think.


What kind of new jobs have been created?
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Old 11-06-2017, 05:54 AM
 
4,713 posts, read 2,251,841 times
Reputation: 8699
Quote:
Originally Posted by curiousgeorge5 View Post
What kind of new jobs have been created?
Sectors with biggest gains over past decade:

1. Healthcare
2. Accommodation & Food Service
3. Professional & Technical Services
4. Education
5. Administration
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Old 11-06-2017, 11:59 PM
 
Location: Olympus Mons, Mars
5,000 posts, read 8,029,485 times
Reputation: 4920
Quote:
Originally Posted by C2BP View Post
How many buyers paid cash for that phone. Not many.
That may not necessarily be true... I read somewhere that the median 401k balance for those that have been saving at least 10 years (which is folks in their 30s-40s) now is $251,000, I was just stunned that it is that high. But then again the stock market has tripled so what do I know, it could be true. If so, people may be basing their purchase decisions on their investment accounts and anticipating that it will triple again in 10 years... which it may, who the heck knows anymore.
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Old 11-07-2017, 02:56 AM
 
64,529 posts, read 66,075,955 times
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fidelity said the average balance for those over age 55 contributing from 1/2 to the max for at least 10 years is about 300k with the recent advances . .

those who save are always diluted by those who don't in most statistics . in fact most have had no money at any point in their lives not just approaching age 55
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Old 11-07-2017, 10:14 AM
 
1,663 posts, read 1,065,436 times
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Quote:
Originally Posted by Perma Bear View Post
Focus less on wars and more on affordable housing for our poorest.
no kidding, start cutting this insane military budget.
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Old 01-13-2018, 03:25 AM
 
Location: Tampa, FL
27,798 posts, read 24,852,825 times
Reputation: 14611
Quote:
Originally Posted by Max_is_here View Post
...you must not be watching the same US economy I'm watching.
I'm not feeling a weak economy - haven't for several years now....and imo, the most important factor why the current administration is getting a pass for the daily issues it is creating (racial and otherwise).
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