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we are one event away from waking up to a new way of living. maybe a nuclear war, maybe a collapse of something, maybe a natural event. no idea when, but when we hit rock bottom, it will be a hard fall.
When the dollar officially loses its status as the world's reserve currency, things will unravel quickly.
Think MTA...hours worked is falling.
What's important is that paycheck.
Hourly wage increasing while hours worked declining and you think this is good ?
Weekly earnings..the wage + hours worked is down 2.5%
If employers cut full time workers and add part time workers to replace them, they still need to cover the hours the full-timers worked. That's the same number of hours. Full timers will have smaller paychecks while part timers will have larger ones. The net to the economy is the same.
If employers cut full time workers and add part time workers to replace them, they still need to cover the hours the full-timers worked. That's the same number of hours. Full timers will have smaller paychecks while part timers will have larger ones. The net to the economy is the same.
p/t work usually has no benefits. That is decline.
But all you seemed to be concerned with is the economy, the GDP and the monthly government reports.
Bush presided over a net jobs loss, where at the end of his term the nation was losing 800,000 jobs a month. That has reversed under Obama.
GDP is up compared to a 6% decline that Obama inherited.
Consumer confidence is up.
Home sales and value are on the rise as well as new home construction.
Business confidence is up. Basically, every economic indicator is higher now than when Obama was sworn in.
Yes including our national debt which is up about 7 trillion and counting since barry took office.
If employers cut full time workers and add part time workers to replace them, they still need to cover the hours the full-timers worked. That's the same number of hours. Full timers will have smaller paychecks while part timers will have larger ones. The net to the economy is the same.
What? That just means more people working part-time. How does that equate to the same pay as if one were working full-time? Employers won't have to pay benefits to part-time workers either so that means they will have to be subsidized in many ways to survive.
p/t work usually has no benefits. That is decline.
But all you seemed to be concerned with is the economy, the GDP and the monthly government reports.
The monthly government reports will count each of those part time jobs as one person employed. So if one person has three part-time jobs then that's three people employed. Yay!
The conservatives and the liberals really should be pals. They have the same goals. Its just in the details on how to de-industrialize and stagnate human progress. Stop bickering and work together I say.
Absolutely its on the decline, but it will take quite awhile before it hits rock bottom. Took hundreds of years for Rome, Ottomans , Britain, Austria etc. Not sure why people expect a sudden collapse.
I think you've got it quite right. It is that specific polarity that is driving the decline. But there is something deeper even behind that divide that will ultimately lead to the downfall. If one side could stop fooling themselves and everyone else and bring their real grievances and hangups to the surface, the two polarities might actually be able to reason with each other. You can't reason over something that is just a fake-out, a pretext.
So because of the big fake-out over what is really driving the division in the country, when the downfall becomes apparent and indisputable to everyone (except the clinically delusional), no one is really going to understand the truth about what caused it.
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