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This is bull. People make what they can negotiate, that is why the wages for even identical positions vary greatly. Almost nobody will be paid what they are actually "worth" because that would completely erase the profit margin of the company, which is 100% constructed of stolen labor value.
Why would someone invest their money without a Return on Investment?
In aggregate, the market sets the value of a position, with some worth above the median, and an equal amount below. Hence, it is the median.
What you describe is still a small percentage of people, more than say 2007 but still not widespread. New car sales are increasing, the cruise ships are full, home prices are going up in many areas, and when Apple announces a new product there are lines to get in to buy them. There are plenty of people making enough to go on expensive vacations, eat out and buy luxuries. If you feel like a slave at your job, maybe you need to find a better one.
Yes, but how many are charging those things and activities on credit cards and then carrying a balance?
Not if this is the new normal. What one is qualified for needs updating than, based on 2012 norms.
Normal for now. We are still in a recession if you ask the average American, and businesses aren't sure whether to spend or not. When demand increases, so to will the demand for labor. That will put upward pressure on wages, especially considering the number of babyboomers who will be retiring.
Normal for now. We are still in a recession if you ask the average American, and businesses aren't sure whether to spend or not. When demand increases, so to will the demand for labor. That will put upward pressure on wages, especially considering the number of babyboomers who will be retiring.
Who knows? If this is the "new normal", this is NOT a recession. Recessions imply recoveries to come.
Who knows? If this is the "new normal", this is NOT a recession. Recessions imply recoveries to come.
This very well could be the new normal. Many successful countries and economies have dealt with unemployment numbers like ours. The difference was better social safety nets that helped the masses boat's rise along with those achieving success. I don't think we quite have that in this country. Those are the marks of 1st world nations.
And the politicians and media is not fooling anyone when they try to convince us things are improving. By the average American's standards, improvement is marked by the paychecks and bennies they bring home after a weeks worth of work. Improvement is marked by the available funds for things like groceries, rent or mortgage, job security, money for their children's post-secondary education, etc. Until there is improvement in that regard, many American's will not see a recovery in sight. As such, many are going to spend accordingly, which happens to be a major driver in this consumer based economy. We have seen a recovery for many large corporations and the investment class of this country however.
And the politicians and media is not fooling anyone when they try to convince us things are improving. By the average American's standards, improvement is marked by the paychecks and bennies they bring home after a weeks worth of work. Improvement is marked by the available funds for things like groceries, rent or mortgage, job security, money for their children's post-secondary education, etc. Until there is improvement in that regard, many American's will not see a recovery in sight. As such, many are going to spend accordingly, which happens to be a major driver in this consumer based economy. We have seen a recovery for many large corporations and the investment class of this country however.
The red lines above are conflicting, why is there recovery if this is the new normal? By definition, there would not be. The present would be the future, too.
Now I've noticied people are more accepting of the economic reset in 2012, than in 2010.
The red lines above are conflicting, why is there recovery if this is the new normal? By definition, there would not be. The present would be the future, too.
Now I've noticied people are more accepting of the economic reset in 2012, than in 2010.
Well, the great depression lasted, by many measures, a whole decade to a decade and a half. In hindsight, that was not the "new norm". Nobody can say for certain where we are headed, and where we will end up. All we can do is do our best given the current circumstances, yet hope for the best tomorrow. I'm hesitant to say this is the new norm, because at the top of the market, nobody thinks things could plummet, and at the bottom of the market, nobody believes things will get better. Following the natural progression of economics, labor markets, ect has taught me these things are not static.
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Why would someone invest their money without a Return on Investment?
