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Old 03-28-2014, 11:43 AM
 
6,934 posts, read 2,536,723 times
Reputation: 3783

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Awesome! Connecticut has cured poverty!
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Old 03-28-2014, 11:44 AM
 
Location: Out West
22,768 posts, read 16,850,253 times
Reputation: 26309
Quote:
Originally Posted by urbanlife78 View Post
I am not sure what your Netflix account has to do with my question.
Dear God...what that poster is telling you is that you won't see an immediate surge of unemployed, it's not a streaming video or a text message that you get instantly. It happens over time, little by little. You continue to pretend it doesn't happen.
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Old 03-28-2014, 11:45 AM
 
1,825 posts, read 1,212,924 times
Reputation: 539
Quote:
Originally Posted by surfman View Post
I manage a trust for my family, and I can only put money into nearly risk-free investments like insurance annuities. WE are getting a whopping 1.25% after the initial 1st year teaser of 2.75%. On top of that, the cash is locked up for 3-7 years. And this is considered a pretty good deal compared to CDs and savings accounts.

You are the exception to the norm. Why would you think the typical person would have that kind of free cash? Not even close there sparky.
First whoever wrote your trust did an a horrible job. IDK if that is after management fees, and distributions to beneficiaries or if you even take management fees but that isn't pretty. You should consider potentially trying to rectify that if possible with an attorney and your beneficiaries.

As to us being the exception no ****. Having cash during a liquidity crisis is the exception, with that said I was remarking on HappyTexan's point that of deflation being good for people with cash, which 2009 was, at least for the folks I knew.
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Old 03-28-2014, 11:47 AM
 
Location: Portland, Oregon
46,053 posts, read 29,550,732 times
Reputation: 7830
Quote:
Originally Posted by bobtn View Post
3.3% at $9 an hour is a whole additional shiny nickel per hour ($ .30 raise vs .25, woo hoo) , .04 per hour more net tax. $1.60 per 40 hour week. Much better.
$9 is better than $7.25.
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Old 03-28-2014, 11:47 AM
 
Location: Great State of Texas
86,093 posts, read 72,556,082 times
Reputation: 27566
Quote:
Originally Posted by Egbert View Post
First whoever wrote your trust did an a horrible job. IDK if that is after management fees, and distributions to beneficiaries or if you even take management fees but that isn't pretty. You should consider potentially trying to rectify that if possible with an attorney and your beneficiaries.

As to us being the exception no ****. Having cash during a liquidity crisis is the exception, with that said I was remarking on HappyTexan's point that of deflation being good for people with cash, which 2009 was, at least for the folks I knew.
I would agree that 2009 was a very good year for people with cash.
Both RE and the stock market had some very nice pickings.

But since then not so much.
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Old 03-28-2014, 11:47 AM
 
7,846 posts, read 5,294,429 times
Reputation: 4025
Quote:
Originally Posted by Volobjectitarian View Post
Awesome! Connecticut has cured poverty!
ugh...

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Old 03-28-2014, 11:48 AM
 
Location: South Bay
1,404 posts, read 868,479 times
Reputation: 525
Originally Posted by surfman
So you reason that a person should move to another state for a higher minimum wage job?

Maybe you should start reading the entire posts so you don't look any more foolish than you do now.
Quote:
Originally Posted by urbanlife78 View Post
No, people should look to moving to other places if it is for higher paying jobs. Why anyone would be willing to work for federal minimum wage when there are states with a higher minimum wage is beyond me.
I'm fairly certain it's called family and friends. This has been a thread about minimum wage jobs, and you just deflected it to "higher paying jobs". You said that people should be able to move to another state for a better paying job, and it implied for a minimum wage job.

You'd do well to listen to what some of these people are saying. They make good points, yet you seem intent on not having any of it.
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Old 03-28-2014, 11:49 AM
 
1,825 posts, read 1,212,924 times
Reputation: 539
Quote:
Originally Posted by HappyTexan View Post
I would agree that 2009 was a very good year for people with cash.
Both RE and the stock market had some very nice pickings.

But since then not so much.
That is because there has been moderate inflation from 2010 to present. Not high inflation but the usually healthy kind that you want that is generally the goal.
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Old 03-28-2014, 11:49 AM
 
Location: NJ
18,677 posts, read 17,080,289 times
Reputation: 7282
Quote:
Originally Posted by urbanlife78 View Post
$9 is better than $7.25.
In many regions, they are virtually the same when considering COL gaps.
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Old 03-28-2014, 11:50 AM
 
Location: Portland, Oregon
46,053 posts, read 29,550,732 times
Reputation: 7830
Quote:
Originally Posted by HappyTexan View Post
Wait..you just said that this was "normal fluctuations" and now say it's due to improved technology ?

Are you making stuff up as you go ?

What "technology" replaced 4 retail store clerks per store ?
What "technology" replaced 50 workers per Walmart store ?

Try dealing with data and facts.

I read about the reduction in the Walmart employees and why and how that happened.
It was NOT due to "improved technology".
Sorry, you seem to think only minimum wage increases have an effect on employment.

I am sure the technology used today in retail is the exact same technology used in the 80s.
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