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Old 05-31-2022, 11:16 AM
 
Location: Metro Detroit, Michigan
29,834 posts, read 24,927,606 times
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"You will own nothing and be happy"... Seems like it was more than just a kind suggestion or an innocent idea...
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Old 05-31-2022, 01:58 PM
 
Location: Central CT, sometimes FL and NH.
4,538 posts, read 6,806,877 times
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Quote:
Originally Posted by Sunbiz1 View Post
Thanks for the humor.
This is reality. If the US doesn't provide the talent, workers, or products then other countries will step in and fill the void. The demand and expectation for products and services will continue as long as we have the money to do so. I don't think it's a forgone conclusion that we will just crash and burn as a nation and cede our global leadership position. Large business interests will continue to innovate, lobby, and organize to find ways to meet domestic needs and remain dominant in world markets.
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Old 05-31-2022, 04:47 PM
 
Location: Oregon, formerly Texas
10,069 posts, read 7,247,467 times
Reputation: 17146
Work needs to pay. It is that simple. Across the board we are going to have to raise wages by a lot. Or we need to decrease the cost of living. One of the two. Can't continue this business of working for 2012 wages at 2022 prices.

There is no point to working when your money doesn't buy you anything of value.
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Old 06-01-2022, 07:38 AM
 
4,952 posts, read 3,063,230 times
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Quote:
Originally Posted by Lincolnian View Post
This is reality. If the US doesn't provide the talent, workers, or products then other countries will step in and fill the void.

Being dependent on others to "fill the void" is too risky, particularly when it comes to energy and food.
Anyone comfortable with this scenario suffers from normalcy bias.
This country, who wastes billions overseas can afford to provide more worker incentive to resolve our dependencies; and lack of employee motivation.
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Old 06-01-2022, 08:03 AM
 
7,855 posts, read 3,843,001 times
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Quote:
Originally Posted by Livinginwaterland View Post
The US can never have the social programs those countries do. I think one of the primary reasons is because we spend so much on military which we have to do.
Uh, no.

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Old 06-01-2022, 08:10 AM
 
7,855 posts, read 3,843,001 times
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Quote:
Originally Posted by Phil P View Post
The simple gist of this all is the workplace deteriorated in quality for people (particularly service and people workers) and wages have been declining relative to inflation in the last 2 years.
The median employee at Google earns $300,000 per year. More than 140 large companies have a median employee compensation north of $100,000 per year.

Many 21 year-olds receiving their BA or BS degree right now have accepted jobs paying north of $100,000 per year.
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Old 06-01-2022, 08:31 AM
 
4,952 posts, read 3,063,230 times
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^^^
Hence one of the issues, as we lived just fine before Google.
This is a testament to how screwed up our priorities are.
Medical professionals deserve this salary, not code writers.
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Old 06-01-2022, 10:20 AM
 
3,216 posts, read 1,682,361 times
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I think the government should just hand out basic universal income like Andrew Yang promoted. The low interest rate environment is trickle down economics and doesn't solve the income inequality problem.

Most families that are struggling due to inflation because their salary has stagnated while costs are rising. What good is the Feds money printing helped those in need other than fill the coffers of the wealthy.
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Old 06-01-2022, 12:06 PM
 
4,952 posts, read 3,063,230 times
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Quote:
Originally Posted by MKTwet View Post
I think the government should just hand out basic universal income like Andrew Yang promoted.

Socialism only works until you run out of *other peoples' money.
And would this not further exacerbate the labor shortages?, or would we be allowing more mass immigration for cheaper labor?.
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Old 06-01-2022, 09:45 PM
 
7,855 posts, read 3,843,001 times
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Quote:
Originally Posted by MKTwet View Post
The low interest rate environment is trickle down economics...
There is no such thing as "trickle down economics." It was first used in a stand-up punch-line by humorist Will Rodgers back in the 1930s; there are no classes taught with names such as "Econ 157: Trickle Down Economics." It is a phrase with no meaning, sort of like "Welfare Queen."

Quote:
Originally Posted by MKTwet View Post
...and doesn't solve the income inequality problem.
Income inequality is a good thing. It provides incentives to people to achieve extraordinary heights for the benefit of mankind.

Quote:
Originally Posted by MKTwet View Post
Most families that are struggling due to inflation because their salary has stagnated while costs are rising.
Most families are not struggling due to inflation. Just the opposite: most families are on a spending spree.
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