Obama Economy August Update: More Waiters to Serve the Wealthy (fast food, generation)
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Median family income is still down compared to before the crash ~2008.
Those high paying manufacturing jobs were offshored or eliminated by technology. For example, 2 steel mill workers today produce as much output as once required 12 workers.
Who the heck is willing to pay a premium to sustain the US middle class?
Does the Constitution guarantee median family income will increase ?
Deloitte & Touch does a global manufacturing survey of 500 CEOs, every 3 years. The current survey projects the US will regain the #1 spot as the leading manufacturing country by 2020. China will revert back to second place. And this will happen due to immense investment in industrial robotics.
It's not going to be your daddy's factoriy employing low skilled masses under collective bargaining agreements.
Those high paying manufacturing jobs were offshored or eliminated by technology. For example, 2 steel mill workers today produce as much output as once required 12 workers.
Who the heck is willing to pay a premium to sustain the US middle class?
Does the Constitution guarantee median family income will increase ?
Deloitte & Touch does a global manufacturing survey of 500 CEOs, every 3 years. The current survey projects the US will regain the #1 spot as the leading manufacturing country by 2020. China will revert back to second place. And this will happen due to immense investment in industrial robotics.
It's not going to be your daddy's factoriy employing low skilled masses under collective bargaining agreements.
Its very convenient to blame technology on the destruction of the middle class. All countries face this technology. Its a pure lie that every country has seen its middle class destroyed because of this. The American big money donor class is actively pushing policies that ensures the destruction of the middle class. Thats your answer.
but.. but... but Obama said the economy was good. Hey, if Obama's supporters are happy with it, then vote Hillary for more life of luxury that Obama say's your living.
Republicans control congress and a majority of States. If you want to argue that the economy is so bad, then you are only Blaming Republicans and saying that voting for Trump makes it worse, not HIllary.
My bad should have said at all time high levels And no it wasn't a lie
As of January 2016, 94 million Americans weren’t participating in the labor force. “But the Supplemental Nutrition Assistance Program (SNAP) has been hovering around 46 million participants since 2011. The current figure, as of February 2016, stands at 45.8 million Americans receiving food stamps,” notes Kangadis.
According to Bloomberg Business, the last time the unemployment rate was under five percent, which was in 2008, 28 million Americans were on food stamps. That means roughly 19 million more people are using food stamps since 2008.
Quote:
Originally Posted by LS Jaun
How is that possible, since so many people are employed.
Quote:
Originally Posted by mightleavenyc
Yeah record low unemployment according to Obama lmfao
There are 5 Million more people employed today than in 2008( 159 million vs 154 million) and food stamp numbers include children, not just working or not working adults.
So it is disingenuous to argue that the number of people on foodstamps correlates to the population at large being better or worse off. Heck, there are colleges who tell students to sign up for food stamps to supplement their meal plans or to help out their parents. There are people with full time jobs who qualify for food stamps as well.
LOL the liberals in this thread are now spinning this that a waiter is a highly paid, respected professional. Just like blacks all of a sudden became incredibly successful.
LOL the liberals in this thread are now spinning this that a waiter is a highly paid, respected professional. Just like blacks all of a sudden became incredibly successful.
Of course we know that the average waiter (or is it wait staff to our Snowflakes?) Makes 100k
If no one has good jobs how come buyers are pushing up home prices, travel and vacation spending is up, car sales are robust, construction projects are multiplying?
One answer: Debt.
U.S. consumers have been racking up staggering amounts of debt over the past several decades. Just consider the following numbers...
-Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
-Car loans just keep getting longer and longer, and approximately 70 percent of all car purchases in the United States now involve an auto loan.
-The total amount of student loan debt in America recently surpassed the one trillion dollar mark.
-One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States.
-Consumer debt in the United States has risen by a whopping 1700% since 1971, and 46% of all Americans carry a credit card balance from month to month.
Manufacturing jobs started leaving way back in 1950.
That's right, a lot of industries either vanished or left our shores for more than 65 years ... so I get annoyed when someone tries to blame this on one politician or a particular organization for the problem.
In my city, Philadelphia, we had world class manufacturing ... it was an industrialized city:
The Baldwin Locomotive Works was the largest in the world
The Hog Island Shipyards was the largest ship building facility in the world
Stetson Hats was the largest hat manufacturers in the world
The Pennsylvania Railroad, one of the largest in the world
At some point - not recently but decades ago - those industries either disappeared or are a shadow of their former selves.
Yet since 2000 this city is increasing in population, new construction in the Billions$ is taking place - including the tallest skyscraper in the US outside NYC and Chicago. Tourism is breaking records and there are nearly a dozen new luxury hotels under construction including a 51 story 5 star W/Element hotel. My point is the city re-invented itself. It is a center of "Eds and Meds." Many other cities are not so lucky.
Nothing is achieved by finger pointing or name calling. We live in a new century with new industries.
Manufacturing jobs started leaving way back in 1950.
That's right, a lot of industries either vanished or left our shores for more than 65 years ... so I get annoyed when someone tries to blame this on one politician or a particular organization for the problem.
In my city, Philadelphia, we had world class manufacturing ... it was an industrialized city:
The Baldwin Locomotive Works was the largest in the world
The Hog Island Shipyards was the largest ship building facility in the world
Stetson Hats was the largest hat manufacturers in the world
The Pennsylvania Railroad, one of the largest in the world
At some point - not recently but decades ago - those industries either disappeared or are a shadow of their former selves.
Yet since 2000 this city is increasing in population, new construction in the Billions$ is taking place - including the tallest skyscraper in the US outside NYC and Chicago. Tourism is breaking records and there are nearly a dozen new luxury hotels under construction including a 51 story 5 star W/Element hotel. My point is the city re-invented itself. It is a center of "Eds and Meds." Many other cities are not so lucky.
Nothing is achieved by finger pointing or name calling. We live in a new century with new industries.
1950 to the late 1970's a very slight decline. Percentage employed from a hair over 6 percent to slightly under 6 percent
1990-2000 steady around 4 percent then 2000-2010 almost cut in half.
Its very convenient to blame technology on the destruction of the middle class. All countries face this technology. Its a pure lie that every country has seen its middle class destroyed because of this. The American big money donor class is actively pushing policies that ensures the destruction of the middle class. Thats your answer.
Correct. Advances in technology and improvements in the means of production have traditionally led to growing incomes and a rising standard of living in this country. That changed because the greedy got too greedy.
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