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Old 08-22-2019, 11:52 AM
 
2,985 posts, read 960,647 times
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Quote:
Originally Posted by RowingFiend View Post
Well, nobody should be surprised that people who specialize in things like feminism and social studies have no idea about basic economics. The vast majority of liberals have never ran a business so they just don't know. Doesn't stop liberal politicians from doing their thing though. Idiots.
You left out rhetoric and political science. If you notice, most, if not all, news anchors in places such as San Fransicko all have degrees in these two specialties that they got while attending left-wing educational institutions.

Google and Facebook, for example, is all liberal and they make a killing....big stupid dollars.....selling people's personal information out to marketing firms, research think tanks, political propaganda networks, etc.
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Old 08-22-2019, 12:01 PM
 
9,547 posts, read 4,369,977 times
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Quote:
Originally Posted by Daryl_G View Post
Sounds like they were tanking way before the wage increases. That corporate statement blames everything and everyone.

Narrowing it to just wage increases would require me to to ignore the other 7 issues the company pointed to that seem to affect them before the new round of minimum wage increases. I will take their statement as is and not parse it.
Payroll, rent/insurance are typically the biggest costs to most businesses. So even if other factors were reducing profitability, payroll can make or break a business.
I know one of my companies would close it doors tomorrow if I had to pay a significant increase in payroll and insurance, as the profit margins are not high enough to sustain such an increase in cost.


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Old 08-22-2019, 12:02 PM
 
1,659 posts, read 323,374 times
Reputation: 1880
Elliot brought up a data point earlier but hasn't come back to clarify a question I had on it.

They stated that SF has an extremely low unemployment rate. Yet they have a large number of homeless people.
Are these homeless not counted ? Are none of them homeless because they don't have jobs ?
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Old 08-22-2019, 12:10 PM
 
2,985 posts, read 960,647 times
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Quote:
Originally Posted by TMSRetired View Post
Elliot brought up a data point earlier but hasn't come back to clarify a question I had on it.

They stated that SF has an extremely low unemployment rate. Yet they have a large number of homeless people.
Are these homeless not counted ? Are none of them homeless because they don't have jobs ?
I think the data they are going off of is those who collect unemployment. Even though there are tons of homeless in San Fran, the numbers that are being reported is of those who file new unemployment claims for benefits or are currently collecting unemployment benefits. A ton of those homeless aren't collecting unemployment checks. So they aren't counted in the unemployment data.
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Old 08-22-2019, 12:19 PM
 
1,659 posts, read 323,374 times
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Quote:
Originally Posted by FC76-81 View Post
I think the data they are going off of is those who collect unemployment. Even though there are tons of homeless in San Fran, the numbers that are being reported is of those who file new unemployment claims for benefits or are currently collecting unemployment benefits. A ton of those homeless aren't collecting unemployment checks. So they aren't counted in the unemployment data.
Not according to the BLS.

https://www.bls.gov/cps/definitions.htm#laborforce
Classification as unemployed in no way depends upon a person's eligibility for, or receipt of, unemployment insurance benefits.
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Old 08-22-2019, 12:49 PM
 
2,985 posts, read 960,647 times
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Quote:
Originally Posted by TMSRetired View Post
Not according to the BLS.

https://www.bls.gov/cps/definitions.htm#laborforce
Classification as unemployed in no way depends upon a person's eligibility for, or receipt of, unemployment insurance benefits.
I'm estimating that roughly at least 80% of the homeless in San Fran have migrated here some way or the other. In this case, how would the local government be able to keep track of and account for them?

Also, back during Obama's first term, San Fran was boasting about how the unemployment numbers had fallen, but then it was revealed that these numbers were actually dropping because many who were filing for unemployment benefits had either given up trying to file for unemployment or exhausted their allotted amount of weeks that they can collect unemployment, thus no longer collecting unemployment, unemployment dropped.

With this in mind, much of the data on unemployment figures is from data from the unemployment office only. Not the actual amount of people living out on the street without a job and/or income.
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Old 08-22-2019, 12:54 PM
 
5,160 posts, read 1,015,243 times
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Quote:
Originally Posted by sware2cod View Post
https://sanfrancisco.cbslocal.com/20...lose-deposits/


In the last five years, about 40 percent of California’s recycling centers have closed...
Yet we still get a bunch of literal and figurative crap there though the same applies in any U.S. state.
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Old 08-22-2019, 01:04 PM
 
13,310 posts, read 4,568,594 times
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Quote:
Originally Posted by FC76-81 View Post
I'm estimating that roughly at least 80% of the homeless in San Fran have migrated here some way or the other. In this case, how would the local government be able to keep track of and account for them?

Also, back during Obama's first term, San Fran was boasting about how the unemployment numbers had fallen, but then it was revealed that these numbers were actually dropping because many who were filing for unemployment benefits had either given up trying to file for unemployment or exhausted their allotted amount of weeks that they can collect unemployment, thus no longer collecting unemployment, unemployment dropped.

With this in mind, much of the data on unemployment figures is from data from the unemployment office only. Not the actual amount of people living out on the street without a job and/or income.
yep, that's how they measure it. Once someone has exhausted their unemployment benefits the state's Labor Dept. considers them back to work whether they are or not.
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Old 08-22-2019, 01:10 PM
 
1,659 posts, read 323,374 times
Reputation: 1880
Quote:
Originally Posted by FC76-81 View Post
I'm estimating that roughly at least 80% of the homeless in San Fran have migrated here some way or the other. In this case, how would the local government be able to keep track of and account for them?

Also, back during Obama's first term, San Fran was boasting about how the unemployment numbers had fallen, but then it was revealed that these numbers were actually dropping because many who were filing for unemployment benefits had either given up trying to file for unemployment or exhausted their allotted amount of weeks that they can collect unemployment, thus no longer collecting unemployment, unemployment dropped.

With this in mind, much of the data on unemployment figures is from data from the unemployment office only. Not the actual amount of people living out on the street without a job and/or income.
They did used to count "long term discouraged workers" but they got moved over to U-6 some years ago when the BLS redefined the categories.
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Old 08-22-2019, 01:11 PM
 
1,659 posts, read 323,374 times
Reputation: 1880
Quote:
Originally Posted by Dbones View Post
yep, that's how they measure it. Once someone has exhausted their unemployment benefits the state's Labor Dept. considers them back to work whether they are or not.
Oh so SF counts differently than the Fed ?

The BLS would have moved them over to U-6 if they still didn't have a job.
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