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Based on the aggregate government spending 39% of the GDP, it may be more accurate to say that the "TAKERS" are booming at the expense of the "TAKEN."
America's economic state might be far different if the spending was more like 1910 (0.8% of the GNP).
Same old story, the rich keep getting richer and the poor keep getting poorer, except that we are
practically back to a Caste system society now.
It is a tale of epic sadness that some people could work full time jobs and still struggle to feed their families and sometimes still end up homeless.
America should be better than this.
Same old story, a bunch of distorted stats.
"One-third of all workers earn less than $12 an hour and 42% earn less than $15."
Sounds bad, right?
Until you look at the cost of living in ALL of America.
One example: When your property taxes are $10,000 to $15,000, you HAVE to make a lot of money.
When your property taxes are only $500 a year, you don't have to make as much.
You are in bad shape in NY City at $15 an hour.
NOT so in other cities across the country.
All this is why I DON'T like "across the board" statements. One size does NOT fit all!
Last edited by Quick Enough; 09-11-2018 at 04:58 AM..
So why did half the country vote for a billionaire who is catering to the rich (and his own family) with tax cuts? Half the country is convinced the poorest people are responsible for their financial problems, not the rich. When will someone come out with a slogan like "It's not socialism, it's democracy... a government of the people, by the people and for the people, not for the millionaires and billionaires"?
"So why did half the country vote for a billionaire who is catering to the rich (and his own family) with tax cuts?"
All this time and you STILL don't know that ALL taxpayers got a tax cut.
And they left claims to be the "highly educated" ones and US the dumb ones.!
There are always jobs available but the jobs pay so low that one can make more collecting unemployment these days. But yes, your right it’s the old story the rich keep getting richer.
Prove it. You CAN'T because ALL you have is HOT AIR!
"
l
USDL
-18-1412
8:30 a.m. (ED
T) Friday,September 7, 2018
The number of persons employed
part time for economic reasons
(sometimes referred to as
involuntary part-
time workers)
, at 4.4 million, changed little over the month
but was down by 830,000
over the year. These individuals, who would have preferred full
-time employment, were working part
time because their hours had
been reduced or they were unable to find full-
time jobs.
(See table A
-8.)
In
August, 1.4 million persons were
marginally attached to the labor force
, little different
from a year
earlier. (
Data are not seasonally adjusted.) These individuals were not in the labor force, wanted and
were available for work, and had looked for a job sometime in the prior 12 months. They were not
counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A
Establishment Survey Data
Total
nonfarm payroll employment
increased by 201,000 in August, in line with the average monthly
gain of 196,000 over the prior 12 months. Over the month, employment increased in professional and
business services, health care, wholesale trade, transportation and warehousing, and mining.
(See
table B
-1.)
Professional and business services added 53,000 jobs in August and 519,000 jobs over the year. In August,
health care employment rose by 33,000, with job gains in ambulatory health care services (+21,000) and hospitals (+8,000).
Health care has added 30
1,000 jobs over the year.
Wholesale trade
employment increased by 22,000 in August and by 99,000 over the year. Durable
goods wholesalers added 14,000 jobs over the month and accounted for about two-thirds of the over-the-year job gain in wholesale trade.
Employment in transportation and warehousing rose by 20,000 in August and by 173,000 over the
past 12 months. Within the industry, couriers and messengers added 4,000 jobs in August.
Mining employment increased by 6,000 in August, after showing little change in July. Since a recent
trough in October 2016, the industry has added 104,000 jobs, almost entirely in support activities for
mining.
Employment in construction
continued to trend up in August (+23,000) and has increased by 297,000 over the year.
Manufacturing employment changed little in August (-3,000). Over the year, employment in the industry was up by 254,000, with more than three-fourths of the gain in the durable goods component.
-3-
Employment showed little change over the month in other major industries, including retail trade, information,financial activities,
leisure and hospitality, and government.
August, average hourly earnings for all employees on private nonfarm payrolls rose by 10 cents to
$27.16. Over the year, average hourly earnings have increased by 77 cents, or 2.9 percent. Average
hourly earnings of private-sector
production and nonsupervisory employees
increased by 7 cents to
$22.73 in August. (See tables B-3 and B-8.)
"https://www.bls.gov/news.release/pdf/empsit.pd
"https://www.bls.gov/news.release/pdf/empsit.pdf
Last edited by Quick Enough; 09-11-2018 at 05:20 AM..
There are also people who work like crazy but can't get ahead because they never were able to afford an education and because they started with nothing. Sometimes people are poor because of something tragic like catastrophic medical bills, unavailability of insurance, etc. If you have no advantages, even working hard most often will not bring wealth. On the other hand, if you are born into wealth, you can sit around, doing nothing, paying others to do all your work, and still be wealthy. Inside those extremes, there are all kinds of people, with all levels of wealth and accomplishment. People here paint with a wide brush. Sometimes I think that anyone who believes that the poor all deserve to be poor is using that for a defense against the guilt of being a selfish jerk.
"There are also people who work like crazy but can't get ahead because they never were able to afford an education and because they started with nothing.'
And there are PLENTY who fit your description AND DID SUCCEED, like Ben Carson, Charles Payne, Rush, Hannity, Henry Ford, Walt Disney,etc.
Sounds more like its important to you than the economy.
None of which puts more money in the pockets of working people like a job. .
"None of which puts more money in the pockets of working people like a job."
And if you don't, at a MINIMUM have a high school degree, the chances are slim to NONE about getting a job, ANY job, much less 1 that pays above minimum wage.
A FREE education through high school is AVAILABLE to EVERY AMERICAN.
Is someone CHOOSES to NOT take advantage of it, WHO is responsible for their plight?
The economy has not been good for 45-50 years for anyone not in a top 20% job or prestigious profession.
I guess the 80's to early 90's were not that bad either for salary vs. cost of living.
There are a lot of reasons for this.
One obvious one is feminism which doubled the workforce.
Another is immigration which funnels a million legal immigrants a year for 53 years into the U.S. many of which, the vast majority, are low skilled workers.
And another is the very nature of the Federal Reserve fiat monetary system where creating the money causes the money already in circulation to lose value, purchasing power, and the fact that the government pays interest to the owners of the system for creating the new money. So if creating $1.00 cost us $1.02 there's .02 cents owed that does not even exist that has to be "paid back". Multiply that by billions and trillions and you have inextinguishable debt.
And of course like the first two reasons you have a modern "world economy" and the Trade agreements that Ross Perot warned about and Trump is trying to fix somewhat where you're theoretically competing with everywhere and anyone in the world where a company can move a business. And that just takes the first two reasons I mentioned and puts the issue on steroids and HGH growth hormone. (I'm looking at you Barry Bonds)
What all that means is anyone who can't manage to get into a top 20% profession or job like: Lawyer (and not all lawyers do great), Doctor, Finance/Banking/Wall Street, C.P.A., TOP salesmen in Real Estate/Insurance etc.. a job as a teacher or administrator in a "good" or wealthy school district and some technology jobs like computer science/ google/ face book etc... or a good blue collar union job is basically up the creek without a paddle. And that's not going to change anytime soon. Trump is doing what he can to mitigate or correct some of this but he's fighting a forest fire with a water pistol.
"The economy has not been good for 45-50 years for anyone not in a top 20% job or prestigious profession."
Life is hard but it is harder if you are always looking over the fence at what someone else has instead of concentrating on what you have. If it's not enough then do something about it. Perhaps your life was meant to be what it is and you have to learn to deal with it. Or not and then you can complain on an internet forum about how others have more than you. Play the hand you are dealt to the best of your ability.
"Life's tough......It's even tougher if you're stupid."
-John Wayne
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