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I wasn't putting down your daughter's work. I think you have the wrong perception of me. I was just implying that I thought meat packing was a much harder profession. It's all physical labor. It's cold. You lift a lot. And you work in or around blood all day.
That's what I meant by that. Not that I didn't value your daughters work. I'm an advocate for anybody that makes an honest living. I just feel that some jobs require more than others.
I know most people do not value child care. They want "au pair" service for minimum wage. No one who has not done child care knows how difficult it is. Not only do you have to take care of a bunch of kids, keep your patience all day long, deal with all the other work stuff, you have to deal with the parents at the end of the day. Plus, you get thrown up on, exposed to many diseases, some of which you catch, and then you have people making light of it. If you don't think child care is physical labor, you have another think coming!
You can sell your labor or service today. H***, my daughter sold her babysitting services one summer by putting up flyers on the street light poles in our neighborhood. She made a lot of money. However, I recall what you think of that type of work.
A friend of mine started selling her pet-sitting services, but she has another part-time job, too.
And I hope every penny was reported on their taxes.. We need businesses that employ a lot of people. That's what I was referring to. Chrysler employed close to 51,623 employees in 2010. Manufacturing was stronger in the Boomer years. Facebook currently employs roughly 2,000 (from around the world). So how to fix it?
And I hope every penny was reported on their taxes.. We need businesses that employ a lot of people. That's what I was referring to. Chrysler employed close to 51,623 employees in 2010. Manufacturing was stronger in the Boomer years. Facebook currently employs roughly 2,000 (from around the world). So how to fix it?
Wonder if there'll be another baby boom. My generation seem conservative actually. I know so many people marrying, settling down, buying a house and starting a family!
I've wondered that myself. The times are changing. Seems like more young people are not having children. Instead, they adopt a pet from the shelter and spoil them silly.
One thing is sure, though. Coming soon, an increase in the number of deaths in the U.S. as the Boomers start to die off. Oh! Did I just say that???
We are in a recession. There's no arguing that. I don't know if there's a poster on here who'd agree with you that we're not in a recession.
Sorry, but I'd suggest you open up a marcroeconomics textbook. When you do you will find that the United States is not in a recession. A recession is defined in economics as two consecutive quarters of negative GDP growth.
In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP".[3] In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[4]
In the United States, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) is generally seen as the authority for dating US recessions. The NBER defines an economic recession as: "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales."[5] Almost universally, academics, economists, policy makers, and businesses defer to the determination by the NBER for the precise dating of a recession's onset and end.
In the UK recessions are generally defined as 2 successive quarters of negative growth (or 6 months).[6
What we have now is extremely slow economic growth due to weak consumer demand and slow wage growth of the middle class.
Despite what any politician tell you GDP growth in the United States probably isn't going to rise much above 3% for any time in the foreseeable future. Simply put, the factors needed to drive that type of economic growth simply do not exists in the United States at this point in time.
Sorry, but I'd suggest you open up a marcroeconomics textbook. When you do you will find that the United States is not in a recession. A recession is defined in economics as two consecutive quarters of negative GDP growth.
What we have now is extremely slow economic growth due to weak consumer demand and slow wage growth of the middle class.
Despite what any politician tell you GDP growth in the United States probably isn't going to rise much above 3% for any time in the foreseeable future. Simply put, the factors needed to drive that type of economic growth simply do not exists in the United States at this point in time.
Already been debated and discussed in this thread. Go back and check out my response for an answer.
We're not in a recession. Funny. In actuality, its dangerous misinformation.
Just kidding...my medicare is Canadian- got lots...but as most boomers with a brain will figure out- don't end up in a free hospital when you are old- A young nurse that I had a conversation with said this while holding a syringe of morphine...."This is what we use to get rid of old people" - no joke...so us boomers had better hide in a hole near the end...no one gets out alive..
I can think of many tougher ways to go than via morphine.........
...the United States is not in a recession. A recession is defined in economics as two consecutive quarters of negative GDP growth. .
This is true and a lot of people sleep on this. But the real problem now is that only 63.7% of the population actually are participating in the labor force--the lowest since 1981.
Quote:
Originally Posted by JazzyTallGuy
What we have now is extremely slow economic growth due to weak consumer demand and slow wage growth of the middle class.
Despite what any politician tell you GDP growth in the United States probably isn't going to rise much above 3% for any time in the foreseeable future. Simply put, the factors needed to drive that type of economic growth simply do not exists in the United States at this point in time.
But why is this? You cannot deny that taxes and labor costs have contributed to this. As well as the housing collapse induced by easy mortgages.
I also haven't heard hardly any solutions from the Boomers in this thread. Mostly from the Millenials. Have heard from some very informed and compassionate Boomers though. It's going to be an interesting year economically. We'll see how much longer our economy can chug along with a spiraling debt.
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. We need businesses that employ a lot of people. That's what I was referring to. Chrysler employed close to 51,623 employees in 2010. Manufacturing was stronger in the Boomer years. Facebook currently employs roughly 2,000 (from around the world). So how to fix it?
