THeBlueCashew

General Discussion => The Flea Trap => Topic started by: Obvious Li on October 13, 2013, 11:49:43 PM

Title: Impossible to even comprehend these numbers....
Post by: Obvious Li on October 13, 2013, 11:49:43 PM
n their November Wall Street Journal article, writers Chris Cox and Bill Archer explain the lack of knowledge about the unfunded liabilities as:



The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.



Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet.



To be sure, the nation's fiscal problems are a bi-partisan issue, caused by years of buying votes among specific constituencies. As a result, those constituencies are now entitled to the benefits which have yet to be paid for.



Today, while those politicians wrestle with Obama's self-induced sequestration deal, (which slashes defense spending while barely nibbling at the fat that has become the national budget), no one wants to deal with the real issue at hand: Politicians in Washington have enslaved future generations with the costs of various entitlement programs.



Perhaps it's time we raise it to their attention–seriously.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 14, 2013, 12:28:08 PM
They're impossible to comprehend because they don't exist. Just a bunch of numbers made up and added together.



Social Security pays for itself and in fact runs a surplus every year. Medicare is paid for through taxes. Future retirement benefits are paid into.



The authors are adding up imaginary "unfunded liabilities" without taking any actual revenue paying for them into account.
Title: Re: Impossible to even comprehend these numbers....
Post by: Odinson on October 14, 2013, 12:38:14 PM
Quote from: "Romero"They're impossible to comprehend because they don't exist. Just a bunch of numbers made up and added together.



Social Security pays for itself and in fact runs a surplus every year. Medicare is paid for through taxes. Future retirement benefits are paid into.



The authors are adding up imaginary "unfunded liabilities" without taking any actual revenue paying for them into account.


How does social security pay for itself? You do know that "minus" means that there´s no money.



Social security is in gross debt in every country...



Pull your head out of your ass already!



Stop your commie bullshit!
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 14, 2013, 12:59:23 PM
In the US, Social Security is funded by payroll taxes. "Minus"? "No money"? US Social Security currently has a $2.7 trillion surplus.



Social security in other countries is funded by deductions and taxes. I don't know of any country where it's grossly in debt.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 14, 2013, 01:26:18 PM
Quote from: "Obvious Li"n their November Wall Street Journal article, writers Chris Cox and Bill Archer explain the lack of knowledge about the unfunded liabilities as:



The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.



Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet.



To be sure, the nation's fiscal problems are a bi-partisan issue, caused by years of buying votes among specific constituencies. As a result, those constituencies are now entitled to the benefits which have yet to be paid for.



Today, while those politicians wrestle with Obama's self-induced sequestration deal, (which slashes defense spending while barely nibbling at the fat that has become the national budget), no one wants to deal with the real issue at hand: Politicians in Washington have enslaved future generations with the costs of various entitlement programs.



Perhaps it's time we raise it to their attention–seriously.

During the 2008 recession a deacon in our church who is also works in banking told us we must save as much as we can for our retirement if we do not want to be destitute..



I have girlfriends that need to follow that advice before it is too late
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on October 14, 2013, 03:03:55 PM
Quote from: "Romero"They're impossible to comprehend because they don't exist. Just a bunch of numbers made up and added together.



Social Security pays for itself and in fact runs a surplus every year. Medicare is paid for through taxes. Future retirement benefits are paid into.



The authors are adding up imaginary "unfunded liabilities" without taking any actual revenue paying for them into account.






Homy...when you hear the term "unfunded liabilities" do you think it means that those future liabilities are funded or not funded....if they are not funded then i am pretty sure it means there wil not be enough funds to cover the shortfall by what ever amount it amounts too.....i think most people understand that "unfunded liabilities" means that currently there are no mechanisms in place to cover those future debts that will occur automatically .....please think more carefully before engaging if financial debates...i expect more from you.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 14, 2013, 03:07:40 PM
Quote from: "Romero"In the US, Social Security is funded by payroll taxes. "Minus"? "No money"? US Social Security currently has a $2.7 trillion surplus.



Social security in other countries is funded by deductions and taxes. I don't know of any country where it's grossly in debt.


Wrong! The payroll taxes taken into the S.S. trust fund do NOT meet all of S.S. obligations. S.S. currently has NO surplus and has run deficits since 2010.



"In the past, when inflows exceed outflows, the surplus was used to fund other government programs. However, beginning in 2010, deficits have been the rule. The deficits in the past few years were as follows: $49 billion in 2010; $45 billion in 2011; and $55 billion in 2012. The Trustees expect the deficit to average $75 billion each fiscal year from 2013 to 2018 before rising sharply."



"In 1983, Congress amended the program to allow for the accumulation of money to pay for the soon-to-be-retiring baby boomers. Payroll taxes were also increased at that time. Due to higher tax withholding, surpluses quickly emerged and, as some would say, Congress proceeded to "raid" the trust fund.

Since there is no actual money in the trust fund, only special bonds with a promise to repay, some describe it as a pile of worthless IOU's."



http://www.forbes.com/sites/mikepatton/2013/06/12/is-the-social-security-trust-fund-solvent/



"People tend to think of their Social Security benefits as an actual account, in their name, which contains cash or investments. In reality, the Social Security trust fund contains nothing more than IOUs that have no value beyond a promise to impose higher taxes on future workers."



http://www.uschamber.com/issues/retirementpension/socialsecurity/trust-fund-myth
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 14, 2013, 03:38:55 PM
Just more fear mongering in an attempt to take away or privatize people's Social Security. You're talking about one of Social Security's trust funds, not Social Security overall.


QuoteI keep hearing that Social Security is about to go broke. What do the numbers show?



The Trustees' Report presents these data:



- Social Security has $2.73 Trillion in trust fund reserves.



- Social Security reserves are still growing and will continue to grow through 2020.



That can't be right. I've heard that Social Security has been losing money since 2010.



Read the fine print. Starting in 2010, Social Security expenses exceeded "non-interest" income — primarily payroll taxes. But that ignores the interest Social Security earns on invested funds. If you take all income into account, Social Security had a surplus of $54 Billion in 2012 operations.



//http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12

With an ageing population, there will have to be some minor changes. But Social Security is fiscally sound for the next couple of decades and has been generating surpluses every year since 1983.



We need only look at the basic numbers. In 2012, Social Security had projected revenues of $846 billion and outlays of $789 billion. The overall surplus is indeed $2.7 trillion.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 14, 2013, 05:45:17 PM
Quote from: "Romero"Just more fear mongering in an attempt to take away or privatize people's Social Security. You're talking about one of Social Security's trust funds, not Social Security overall.


QuoteI keep hearing that Social Security is about to go broke. What do the numbers show?



The Trustees' Report presents these data:



- Social Security has $2.73 Trillion in trust fund reserves.



- Social Security reserves are still growing and will continue to grow through 2020.



That can't be right. I've heard that Social Security has been losing money since 2010.



Read the fine print. Starting in 2010, Social Security expenses exceeded "non-interest" income — primarily payroll taxes. But that ignores the interest Social Security earns on invested funds. If you take all income into account, Social Security had a surplus of $54 Billion in 2012 operations.



//http://www.marketwatch.com/story/exposing-the-social-security-solvency-hype-2013-06-12

With an ageing population, there will have to be some minor changes. But Social Security is fiscally sound for the next couple of decades and has been generating surpluses every year since 1983.



We need only look at the basic numbers. In 2012, Social Security had projected revenues of $846 billion and outlays of $789 billion. The overall surplus is indeed $2.7 trillion.


Once again you go out of your way to show how little you actually understand how the US government works. But that's okay because you are a far left Canadian and you are entitled to all the false opinions and mythologies you can conjure up regarding the US.  It's just what you folks do.



The most ironic part of this is the fact that NONE of what you speak even concerns you.



"From 1985 through 2009, Social Security's dedicated taxes exceeded its expenses. In 2010, this situation reversed, and expenses exceeded dedicated taxes. This state of affairs continued in 2011 and is projected to continue every year into the foreseeable future."

"This $2.7 trillion debt that the Treasury owes to Social Security amounts to $8,734 for every person living in the U.S. or $23,046 for every household in the U.S.[96] (Facts about the ability of the Treasury to service this debt are detailed below in the section entitled Impact on National Debt.)"



http://www.justfacts.com/socialsecurity.asp



For the past 3 years S.S. has NOT had a surplus. The money it takes in in yearly payroll taxes does not cover its expenditures and must be augmented by the trust fund. Since the trust fund is funded by treasury bonds that not for sale to the general public and are not backed by the market they are nothing more than treasury IOUs.

 

The surplus that you are referring to is an existing surplus that has built up over the past decades. 2010 makes the first year that payroll taxes did not cover the outgoing benefits and will not cover the outgoing benefits for the foreseeable future without cuts in government spending, increased taxes or benefit reduction. S.S. IS NOT operating at a surplus. Get that thru your head.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 14, 2013, 07:23:51 PM
Quote from: "Renee"Once again you go out of your way to show how little you actually understand how the US government works. But that's okay because you are a far left Canadian and you are entitled to all the false opinions and mythologies you can conjure up regarding the US. It's just what you folks do.



The most ironic part of this is the fact that NONE of what you speak even concerns you.

Does it concern Obvious Li? I shall be concerned with whatever I wish. I want you and your family to enjoy the Social Security benefits you deserve. I don't want them taken away from you or any other American.



You're still cherry picking dedicated taxes and one of Social Security's trust funds. You're correct about those, but we're supposed to be talking about Social Security overall. Not pieces of it. All revenue. All expenditure.



From your link:


QuoteAfter 2033, Social Security is projected to run deficits every year


Again, that can be fixed with minor changes.



I'm not wrong about Social Security as a whole. It's a fact that it has generated surpluses every year since 1983 and will continue to do so for a couple of decades. It's a fact that it currently has a surplus of $2.7 trillion.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 02:58:17 AM
Quote from: "Obvious Li"
Quote from: "Romero"They're impossible to comprehend because they don't exist. Just a bunch of numbers made up and added together.



Social Security pays for itself and in fact runs a surplus every year. Medicare is paid for through taxes. Future retirement benefits are paid into.



The authors are adding up imaginary "unfunded liabilities" without taking any actual revenue paying for them into account.






Homy...when you hear the term "unfunded liabilities" do you think it means that those future liabilities are funded or not funded....if they are not funded then i am pretty sure it means there wil not be enough funds to cover the shortfall by what ever amount it amounts too.....i think most people understand that "unfunded liabilities" means that currently there are no mechanisms in place to cover those future debts that will occur automatically .....please think more carefully before engaging if financial debates...i expect more from you.

We are having municipal election here in Alberta in less than two weeks. I live in what SHOULD be the most prosperous city on the continent yet we have a $3 billion dollar debt. We have never had a fiscally conservative mayor, but I am still hoping it is Diotte or Detroit.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 02:58:19 AM
Quote from: "Obvious Li"
Quote from: "Romero"They're impossible to comprehend because they don't exist. Just a bunch of numbers made up and added together.



Social Security pays for itself and in fact runs a surplus every year. Medicare is paid for through taxes. Future retirement benefits are paid into.



The authors are adding up imaginary "unfunded liabilities" without taking any actual revenue paying for them into account.






Homy...when you hear the term "unfunded liabilities" do you think it means that those future liabilities are funded or not funded....if they are not funded then i am pretty sure it means there wil not be enough funds to cover the shortfall by what ever amount it amounts too.....i think most people understand that "unfunded liabilities" means that currently there are no mechanisms in place to cover those future debts that will occur automatically .....please think more carefully before engaging if financial debates...i expect more from you.

We are having municipal election here in Alberta in less than two weeks. I live in what SHOULD be the most prosperous city on the continent yet we have a $3 billion dollar debt. Continuous leftist administrations ensure my son will have to pay for past irresponsible NDP city councils.  We have never had a fiscally conservative mayor/city council, but I am still hoping it is Diotte or Detroit.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 12:02:06 PM
Quote from: "Romero"
Quote from: "Renee"Once again you go out of your way to show how little you actually understand how the US government works. But that's okay because you are a far left Canadian and you are entitled to all the false opinions and mythologies you can conjure up regarding the US. It's just what you folks do.



The most ironic part of this is the fact that NONE of what you speak even concerns you.

Does it concern Obvious Li? I shall be concerned with whatever I wish. I want you and your family to enjoy the Social Security benefits you deserve. I don't want them taken away from you or any other American.



You're still cherry picking dedicated taxes and one of Social Security's trust funds. You're correct about those, but we're supposed to be talking about Social Security overall. Not pieces of it. All revenue. All expenditure.



From your link:


QuoteAfter 2033, Social Security is projected to run deficits every year


Again, that can be fixed with minor changes.



I'm not wrong about Social Security as a whole. It's a fact that it has generated surpluses every year since 1983 and will continue to do so for a couple of decades. It's a fact that it currently has a surplus of $2.7 trillion.


It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 12:21:38 PM
Quote from: "Renee"
Quote from: "Romero"
Quote from: "Renee"Once again you go out of your way to show how little you actually understand how the US government works. But that's okay because you are a far left Canadian and you are entitled to all the false opinions and mythologies you can conjure up regarding the US. It's just what you folks do.



The most ironic part of this is the fact that NONE of what you speak even concerns you.

Does it concern Obvious Li? I shall be concerned with whatever I wish. I want you and your family to enjoy the Social Security benefits you deserve. I don't want them taken away from you or any other American.



You're still cherry picking dedicated taxes and one of Social Security's trust funds. You're correct about those, but we're supposed to be talking about Social Security overall. Not pieces of it. All revenue. All expenditure.



From your link:


QuoteAfter 2033, Social Security is projected to run deficits every year


Again, that can be fixed with minor changes.



I'm not wrong about Social Security as a whole. It's a fact that it has generated surpluses every year since 1983 and will continue to do so for a couple of decades. It's a fact that it currently has a surplus of $2.7 trillion.


It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.

I wish I could find the article, but I read too that SS can NOT last as it stands right now. This is happening throughout the Western world as the ratio of workers to beneficiaries gets smaller. Social programs worked well for about a generation, but they are no longer sustainable. Lower people's taxes and use that money to save for your own retirement. Counting on crumbs from the table of brokeass government is suicide.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 12:39:42 PM
Quote from: "Shen Li"
Quote from: "Renee"
Quote from: "Romero"
Does it concern Obvious Li? I shall be concerned with whatever I wish. I want you and your family to enjoy the Social Security benefits you deserve. I don't want them taken away from you or any other American.



You're still cherry picking dedicated taxes and one of Social Security's trust funds. You're correct about those, but we're supposed to be talking about Social Security overall. Not pieces of it. All revenue. All expenditure.



From your link:







Again, that can be fixed with minor changes.



I'm not wrong about Social Security as a whole. It's a fact that it has generated surpluses every year since 1983 and will continue to do so for a couple of decades. It's a fact that it currently has a surplus of $2.7 trillion.


It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.

I wish I could find the article, but I read too that SS can NOT last as it stands right now. This is happening throughout the Western world as the ratio of workers to beneficiaries gets smaller. Social programs worked well for about a generation, but they are no longer sustainable. Lower people's taxes and use that money to save for your own retirement. Counting on crumbs from the table of brokeass government is suicide.


That has been suggested several times in the past two decades and every time someone mentions a privatized program to augment S.S.  the leftist dementocrats start foaming at the mouth like a pack of rabid raccoons. They just can't stand the fact that a lefty conceived program might not be totally viable in today's world. Furthermore back when S.S. was running a REAL surplus any changes that would have given people a choice of where to put their money was a blow to the government cash cow. No one on the left was ever going to let that happen.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 12:43:52 PM
Quote from: "Renee"
Quote from: "Shen Li"
Quote from: "Renee"


It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.

I wish I could find the article, but I read too that SS can NOT last as it stands right now. This is happening throughout the Western world as the ratio of workers to beneficiaries gets smaller. Social programs worked well for about a generation, but they are no longer sustainable. Lower people's taxes and use that money to save for your own retirement. Counting on crumbs from the table of brokeass government is suicide.


That has been suggested several times in the past two decades and every time someone mentions a privatized program to augment S.S.  the leftist dementocrats start foaming at the mouth like a pack of rabid raccoons. They just can't stand the fact that a lefty conceived program might not be totally viable in today's world. Furthermore back when S.S. was running a REAL surplus any changes that would give people a choice of where to put their money was a blow to the government cash cow. No one on the left was ever going to let that happen.

Corrupt Democratic party machine politics wants to do for Social Security what they have done for cities like Detroit that they have controlled for decades.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 12:56:40 PM
Quote from: "Shen Li"
Quote from: "Renee"
Quote from: "Shen Li"
I wish I could find the article, but I read too that SS can NOT last as it stands right now. This is happening throughout the Western world as the ratio of workers to beneficiaries gets smaller. Social programs worked well for about a generation, but they are no longer sustainable. Lower people's taxes and use that money to save for your own retirement. Counting on crumbs from the table of brokeass government is suicide.


That has been suggested several times in the past two decades and every time someone mentions a privatized program to augment S.S.  the leftist dementocrats start foaming at the mouth like a pack of rabid raccoons. They just can't stand the fact that a lefty conceived program might not be totally viable in today's world. Furthermore back when S.S. was running a REAL surplus any changes that would give people a choice of where to put their money was a blow to the government cash cow. No one on the left was ever going to let that happen.

Corrupt Democratic party machine politics wants to do for Social Security what they have done for cities like Detroit that they have controlled for decades.


Yeah well both sides are corrupt as hell; it's just that the dems tend to put their faith in unsustainable entitlement programs that rake Joe average taxpayer over the coals. It's ironic because traditionally the Dems have always tried to pass themselves off as the party looking out for the average citizen. The reality is they could no more care about the average citizen than the Republicans do. All they care about is buying votes from the lower classes with handouts. Most dems are nothing but kabuki theater performers because while they are blowing smoke up the taxpayers collective asses they are really trying to create a society where the tax users outnumber the taxpayers. Unfortunately under their "dear Leader"  and his huge expansion of the food stamp and welfare rolls they have just about achieved their goal.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 01:06:33 PM
Quote from: "Renee"
Quote from: "Shen Li"
Quote from: "Renee"


That has been suggested several times in the past two decades and every time someone mentions a privatized program to augment S.S.  the leftist dementocrats start foaming at the mouth like a pack of rabid raccoons. They just can't stand the fact that a lefty conceived program might not be totally viable in today's world. Furthermore back when S.S. was running a REAL surplus any changes that would give people a choice of where to put their money was a blow to the government cash cow. No one on the left was ever going to let that happen.

Corrupt Democratic party machine politics wants to do for Social Security what they have done for cities like Detroit that they have controlled for decades.


Yeah well both sides are corrupt as hell; it's just that the dems tend to put their faith in unsustainable entitlement programs that rake Joe average taxpayer over the coals. It's ironic because traditionally the Dems have always tried to pass themselves off as the party looking out for the average citizen. The reality is they could no more care about the average citizen than the Republicans do. All they care about is buying votes from the lower classes with handouts. Most dems are nothing but kabuki theater performers because while they are blowing smoke up the taxpayers collective asses they are really trying to create a society where the tax users outnumber the taxpayers. Unfortunately under their "dear Leader"  and his huge expansion of the food stamp and welfare rolls they have just about achieved their goal.

Just so you know Renee, it's not much better here. I voted for our "conservative" PM, but of course he is fiscal conservative in name only. I like his focus on the economy, but the reality is in our current system he cannot make the structural changes we need. The truth of the matter is that the political process in both Canada and the USA is about pandering with other people's money to get elected. Hell, I think even the incorruptible Ron Paul would succumb to the system of vote buying if he had've been elected. This is why I have become so disillusioned with democracy. I think OL has the right idea of limiting voting to people with skin in the game. This would force governments to listen to taxpayers more than tax users. We would have explosive growth if that happened.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 15, 2013, 02:22:04 PM
Quote from: "Renee"It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.

I'm not allowed to talk about Social Security because I don't pay US payroll taxes? What kind of logic is that?



Uh oh. I'm still concerned about this issue. How can this be? I don't even pay any US payroll taxes!



Well, at least you accept the fact that Social Security has a $2.7 trillion surplus. That's something. It is running a surplus every year though. Your own article explains the deficits are based only on dedicated taxes vs. one trust fund, and your own article states there won't be any deficits until after 2033.



I never said Social Security was perfectly okay. I did say it's going to need some changes.



It's silly to assume that as a liberal I'm opening my hand out receiving money that isn't mine. I've worked practically every day of my life since high school.



Have you?



And I bet you've received government assistance, at least in the form of child tax credits. I guarantee you've received more from government than I have.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 03:18:46 PM
I think I am the only one on here that has NEVER accepted any government entitlement. :D  :D  :D  :D  :D



Anyway, back to US Social Security.



Neither Medicare nor Social Security can sustain projected long-run programs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers. If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.



Social Security and Medicare together accounted for 38 percent of federal expenditures in fiscal year 2012. Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 04:00:24 PM
Quote from: "Romero"
Quote from: "Renee"It has a current surplus but it does not OPERATE at a surplus; each year it takes in less than it pays out; do you understand the difference? Effectively it is operating at a deficit and has no surplus. This year the social security increase paid out to recipients will be the smallest increase in several decades because it is running out of money. It is not okay overall. That is one of the lies that the left uses so that they can continue to spend and spend without ever addressing real government budgetary issues. You see this in how they lie and demonize anyone who dares try to make an issue out of curbing government spending.

 

BTW, I think it might concern Obvious because I believe he once lived and worked in the US and thus paid payroll taxes. Have YOU ever paid US payroll taxes?

 

I appreciate your concern for me and my family Romero but you are doing exactly what liberal politicians do. You are claiming that S.S. is perfectly okay and that only some minor adjustments will be needed to preserve it. That is patently not true. In order for S.S. to remain solvent over the long haul the government will need to significantly cut government spending and considering how Washington works, that will not happen in my lifetime. With more and more people sucking the government teat each year in the form of food stamps, welfare, disability, social security and now Obamacare the taxpayer base will be squeezed until there is nothing left. So what are the alternatives? For one we will be seeing higher taxes on business and employees just to keep S.S. alive. Strangling government taxes may be okay with you Canadians but traditionally they don't sit well with the middleclass in the US. The other alternative is to cut S.S. and disability benefits but either way "We the People" will get fucked over and over again. Liberals like you are always so open handed with the money and you especially like to open your hand when the money isn't yours.

 

So much for your "minor changes", please get a clue.

I'm not allowed to talk about Social Security because I don't pay US payroll taxes? What kind of logic is that?



Uh oh. I'm still concerned about this issue. How can this be? I don't even pay any US payroll taxes!



Well, at least you accept the fact that Social Security has a $2.7 trillion surplus. That's something. It is running a surplus every year though. Your own article explains the deficits are based only on dedicated taxes vs. one trust fund, and your own article states there won't be any deficits until after 2033.



I never said Social Security was perfectly okay. I did say it's going to need some changes.



It's silly to assume that as a liberal I'm opening my hand out receiving money that isn't mine. I've worked practically every day of my life since high school.



Have you?



And I bet you've received government assistance, at least in the form of child tax credits. I guarantee you've received more from government than I have.


Yes I have received child tax credits on my personal income tax but as the owner of a small business who employees between 10 and 15 people; I'll bet I've paid tons more in taxes to date than you ever will in your entire lifetime. So don't even go there.



You said "minor changes" but what YOU think is "minor" God knows. Anyone with a brain or who has been at least alive in the past 40 years knows that there will be nothing "minor" about the required changes we face if S.S. is to be saved.  And the longer we wait, the more severe those "minor changes" will be.



Truthfully I don't really care what concerns you but I do find it weird that you are so interested in the domestic affairs of a country that you aren't even a citizen of. From healthcare to gun control you seem to live for passing your self off as a know-it-all expert in all things American. Frankly I find it very tedious your constant attempts at coming off like an expert in US domestic and foreign policy; especially when all your accumulated knowledge amounts to nothing but cut and paste based garbage pulled directly from leftwing faux news websites.

 

In contrast I too could stick my nose into Canada's domestic and foreign policies ( if you had one) and try to pass my opinion on the subject off as fact. But I would never be so arrogant and presumptuous as to tell you folks how badly I felt you are screwing up or doing something wrong or tell actual Canadian citizens that they are wrong in their political point of view. That's not my place and it's not how any respectful citizen of another country behaves.

 

BTW, your claims that S.S. has a surplus only serves to make you look dumber than you normally look. I'm not going to explain again the difference between operating with a real monetary surplus and operating with a fake paper surplus. Anyone with a brain knows the difference but that obviously leaves you out.
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on October 15, 2013, 04:35:56 PM
Quote from: "Shen Li"I think I am the only one on here that has NEVER accepted any government entitlement. :D  :D  :D  :D  :D



Anyway, back to US Social Security.



Neither Medicare nor Social Security can sustain projected long-run programs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers. If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.



Social Security and Medicare together accounted for 38 percent of federal expenditures in fiscal year 2012. Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.




no ....there are at least two of us.....i collect pogey in the winter bit that is a self funding insurance program to which i pay premiums and the govt' pays fuck all and steals the surpluses...... :mrgreen:
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 04:44:37 PM
Quote from: "Shen Li"I think I am the only one on here that has NEVER accepted any government entitlement. :D  :D  :D  :D  :D



Anyway, back to US Social Security.



Neither Medicare nor Social Security can sustain projected long-run programs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers. If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.



Social Security and Medicare together accounted for 38 percent of federal expenditures in fiscal year 2012. Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.


So you didn't use any Canadian healthcare services when you had your baby?  :?
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 15, 2013, 04:57:48 PM
Quote from: "Renee"Yes I have received child tax credits on my personal income tax but as the owner of a small business who employees between 10 and 15 people; I'll bet I've paid tons more in taxes to date than you ever will in your entire lifetime. So don't even go there.



You said "minor changes" but what YOU think is "minor" God knows. Anyone with a brain or who has been at least alive in the past 40 years knows that there will be nothing "minor" about the required changes we face if S.S. is to be saved.  And the longer we wait, the more severe those "minor changes" will be.



Truthfully I don't really care what concerns you but I do find it weird that you are so interested in the domestic affairs of a country that you aren't even a citizen of. From healthcare to gun control you seem to live for passing your self off as a know-it-all expert in all things American. Frankly I find it very tedious your constant attempts at coming off like an expert in US domestic and foreign policy; especially when all your accumulated knowledge amounts to nothing but cut and paste based garbage pulled directly from leftwing faux news websites.

 

In contrast I too could stick my nose into Canada's domestic and foreign policies ( if you had one) and try to pass my opinion on the subject off as fact. But I would never be so arrogant and presumptuous as to tell you folks how badly I felt you are screwing up or doing something wrong or tell actual Canadian citizens that they are wrong in their political point of view. That's not my place and it's not how any respectful citizen of another country behaves.

 

BTW, your claims that S.S. has a surplus only serves to make you look dumber than you normally look. I'm not going to explain again the difference between operating with a real monetary surplus and operating with a fake paper surplus. Anyone with a brain knows the difference but that obviously leaves you out.

Geez, I can't believe I've upset you so much over a little discussion. Funny how you think I'm sticking my nose into America's business when you're on two Canadian forums.



You can talk about Canada's domestic and foreign policies all you want. It wouldn't bother me at all. You can concern yourself with whatever you wish. We're a couple of free speech countries.



Regarding this matter, we'll just have to agree to disagree!
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 15, 2013, 05:11:00 PM
Quote from: "Romero"
Quote from: "Renee"Yes I have received child tax credits on my personal income tax but as the owner of a small business who employees between 10 and 15 people; I'll bet I've paid tons more in taxes to date than you ever will in your entire lifetime. So don't even go there.



You said "minor changes" but what YOU think is "minor" God knows. Anyone with a brain or who has been at least alive in the past 40 years knows that there will be nothing "minor" about the required changes we face if S.S. is to be saved.  And the longer we wait, the more severe those "minor changes" will be.



Truthfully I don't really care what concerns you but I do find it weird that you are so interested in the domestic affairs of a country that you aren't even a citizen of. From healthcare to gun control you seem to live for passing your self off as a know-it-all expert in all things American. Frankly I find it very tedious your constant attempts at coming off like an expert in US domestic and foreign policy; especially when all your accumulated knowledge amounts to nothing but cut and paste based garbage pulled directly from leftwing faux news websites.

 

In contrast I too could stick my nose into Canada's domestic and foreign policies ( if you had one) and try to pass my opinion on the subject off as fact. But I would never be so arrogant and presumptuous as to tell you folks how badly I felt you are screwing up or doing something wrong or tell actual Canadian citizens that they are wrong in their political point of view. That's not my place and it's not how any respectful citizen of another country behaves.

 

BTW, your claims that S.S. has a surplus only serves to make you look dumber than you normally look. I'm not going to explain again the difference between operating with a real monetary surplus and operating with a fake paper surplus. Anyone with a brain knows the difference but that obviously leaves you out.

Geez, I can't believe I've upset you so much over a little discussion. Funny how you think I'm sticking my nose into America's business when you're on two Canadian forums.



You can talk about Canada's domestic and foreign policies all you want. It wouldn't bother me at all. You can concern yourself with whatever you wish. We're a couple of free speech countries.



Regarding this matter, we'll just have to agree to disagree!


But unlike you I'm not here to push my politics in any way. Most of my posting is social in nature or at least I try to make it so. I would like nothing better than to ignore all the prattling good and bad about the US. Unfortunately I'm stupid and I allow myself to get sucked into political discussions all to often, especially when I see someone running down the US with wrong info.



I guess we will agree to disagree, but don't think I'm really upset. Actually I rather enjoy our interactions. Truthfully Romero you are one of the few posters that I find stimulating enough to put in the effort of countering and rebutting.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 06:05:29 PM
Quote from: "Renee"
Quote from: "Shen Li"I think I am the only one on here that has NEVER accepted any government entitlement. :D  :D  :D  :D  :D



Anyway, back to US Social Security.



Neither Medicare nor Social Security can sustain projected long-run programs in full under currently scheduled financing, and legislative changes are necessary to avoid disruptive consequences for beneficiaries and taxpayers. If lawmakers take action sooner rather than later, more options and more time will be available to phase in changes so that the public has adequate time to prepare. Earlier action will also help elected officials minimize adverse impacts on vulnerable populations, including lower-income workers and people already dependent on program benefits.



Social Security and Medicare together accounted for 38 percent of federal expenditures in fiscal year 2012. Both programs will experience cost growth substantially in excess of GDP growth through the mid-2030s due to rapid population aging caused by the large baby-boom generation entering retirement and lower-birth-rate generations entering employment and, in the case of Medicare, to growth in expenditures per beneficiary exceeding growth in per capita GDP.


So you didn't use any Canadian healthcare services when you had your baby?  :?

I guess I don't think of our public health care system as accepting a government handout. Remember, we don't have private competition to our public health care system. If we did, I guarantee we would have private health insurance.



I didn't go on EI like I could have when I had my baby. It is simply not enough money to live on for one thing and I am not interested in collecting anyway.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 15, 2013, 06:55:49 PM
QuoteContrary to the widely repeated stories of out-of-control deficits and spending, deficits have plunged in the last four years falling from 10.1% of GDP in 2009 to just 4% of GDP in 2013. The Congressional Budget Office projects the deficit to be just 3.4% of GDP in 2014. The latest projections show the debt-to-GDP ratio falling for the rest of the decade.



During the Reagan presidency spending averaged more than 22% of GDP, peaking at 23.5% in 1985. This year it is projected to be 21.6% of GDP. The latest CBO projections show spending rising back to Reagan era levels towards the end of the 10-year budget window.



Over a longer term, spending is projected to rise further due to projections of rising health care costs and a growing interest burden, which is the result of a growing debt. The deficit fear mongers like to hype these projections of large deficits decades in the future to advance their agenda of cutting Social Security and Medicare.



The real question is why the primary (ie non-interest) deficit rises and this is the story of the broken US healthcare system. We pay twice as much per person for our health care as the average for other rich countries, with nothing to show for this money in terms of outcomes. We pay 2.5 times as much as the UK. If our costs were at all in line with those in other wealthy countries, we would be looking at explosive budget surpluses running into the trillions of dollars annually.



This fact raises the obvious question, why are projections of deficits based on unaffordable healthcare costs always treated in the media as a basis for cutting benefits to seniors rather than a reason for cutting payments to providers like doctors, drug companies, and medical device companies?



There is no explanation except the bias of the media. Obviously they identify much more with rich doctors and the people who profit from the bloated prices charged in the United States by drug companies and medical equipment providers than with the seniors who are dependent on Social Security and Medicare.



Yes, the public has every right to be disgusted.



//http://www.theguardian.com/commentisfree/2013/oct/14/shutdown-republicans-government-spending-delusions
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 15, 2013, 06:59:10 PM
^^Obama will run a 700 billion dollar deficit this year despite bringing in record revenues. How fucking irresponsible can a prez possibly get?

(//%3C/s%3E%3CURL%20url=%22http://www.usgovernmentspending.com/include/us_deficit_nom.png%22%3E%3CLINK_TEXT%20text=%22http://www.usgovernmentspending.com/inc%20...%20it_nom.png%22%3Ehttp://www.usgovernmentspending.com/include/us_deficit_nom.png%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)

Obama will not have a single year of deficits under $500 billion during his entire presidency.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 03:41:44 PM
Quote$7 Billion a Year: The Public Cost of Low-Wage Fast-Food Jobs



Low-wage fast-food jobs cost the American public nearly 7 billion a year, according to a new report by researchers at the University of California at Berkeley.



Workers on the front line of the $200 billion-a-year industry make a median of $8.69 an hour and rarely get health benefits.  And, in contrast to a common misconception, the majority of fast-food workers are not teenagers, and more than one third of those over 20 are raising at least one child.



This economic situation is forcing 52% of the workers, including those who work full-time, to rely on safety net programs including Medicaid, the Supplemental Nutrition Assistance Program, also known as food stamps, Temporary Assistance for Needy Families, the Children's Health Insurance Program, as well as Earned Income Tax Credit payments to make ends meet, all of which adds up to almost $7 annually.



"The taxpayer costs we discovered were staggering," said Ken Jacobs, report co-author and chair of UC Berkeley's Center for Labor Research and Education. "People who work in fast-food jobs are paid so little that having to rely on public assistance is the rule, rather than the exception, even for those working 40 hours or more a week."



For many fast-food workers, it's a life of poverty.  The report's executive summary notes that "One in five families with a member holding a fast-food job has an income below the poverty line, and 43 percent have an income two times the federal poverty level or less."



"The cost is public because taxpayers bear it," added UC Berkeley economist Sylvia Allegretto, co-chair of the Center for Wage and Employment Dynamics.  "Yet it remains hidden in national policy debates about poverty, employment and public spending."



//http://www.commondreams.org/headline/2013/10/16-3

And a single Walmart has been estimated to cost American taxpayers at least a million per year. Paying poverty wages is basically another form of corporate welfare. In 1968, the minimum wage in the US was $1.60/hour which would be $10.74 today. But minimum wage in the US is just $7.25/hour today.



With 40% of American workers making less than what the minimum wage was in 1968, how can we expect there not to be a huge burden on taxpayers? 50 million Americans can't even afford to feed themselves and their families without government assistance.



Since companies like McDonald's and Walmart are making record profits in the billions, shouldn't they be paying a decent, livable wage? Why do Americans, taxpayers and the economy have to suffer when these companies are laughing all the way to the bank?
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 03:53:12 PM
^^Wal-Mart Stores  paid $7.1 billion (at a rate of 32.4%) in income taxes. However, at least your article admits that lower income people use more services and contribute less than the rest of us.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 16, 2013, 04:04:39 PM
Isn't it funny how these "low wage" jobs are the basis for the Obama Admins job creation numbers?

 

Paying people more than minimum wage to work at McDonalds is asinine and counter to the rules of business. You get paid what you are worth in any job. Flipping a burger or handing out fries isn't worth shit. These types of jobs are not meant to be careers and if you want to get ahead in life you shouldn't be counting on being a cashier at Wal-Mart or a burger flipper at McDonalds. Those types of jobs are starter jobs unfortunately today they are the majority of jobs available to unskilled labor. Maybe you need to ask why that is? Why aren't there more higher paying jobs for unskilled labor? Why isn't the US economy growing at a healthy rate? Why is job creation in the US basically limited to retail and part time work?
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:08:00 PM
Quote from: "Shen Li"^^Wal-Mart Stores  paid $7.1 billion (at a rate of 32.4%) in income taxes. However, at least your article admits that lower income people use more services and contribute less than the rest of us.

They've got a lot of nerve insisting on needing food to survive. Why can't they just find a second and third job?
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 16, 2013, 04:15:32 PM
Quote from: "Romero"
Quote$7 Billion a Year: The Public Cost of Low-Wage Fast-Food Jobs



Low-wage fast-food jobs cost the American public nearly 7 billion a year, according to a new report by researchers at the University of California at Berkeley.



Workers on the front line of the $200 billion-a-year industry make a median of $8.69 an hour and rarely get health benefits.  And, in contrast to a common misconception, the majority of fast-food workers are not teenagers, and more than one third of those over 20 are raising at least one child.



This economic situation is forcing 52% of the workers, including those who work full-time, to rely on safety net programs including Medicaid, the Supplemental Nutrition Assistance Program, also known as food stamps, Temporary Assistance for Needy Families, the Children's Health Insurance Program, as well as Earned Income Tax Credit payments to make ends meet, all of which adds up to almost $7 annually.



"The taxpayer costs we discovered were staggering," said Ken Jacobs, report co-author and chair of UC Berkeley's Center for Labor Research and Education. "People who work in fast-food jobs are paid so little that having to rely on public assistance is the rule, rather than the exception, even for those working 40 hours or more a week."



For many fast-food workers, it's a life of poverty.  The report's executive summary notes that "One in five families with a member holding a fast-food job has an income below the poverty line, and 43 percent have an income two times the federal poverty level or less."



"The cost is public because taxpayers bear it," added UC Berkeley economist Sylvia Allegretto, co-chair of the Center for Wage and Employment Dynamics.  "Yet it remains hidden in national policy debates about poverty, employment and public spending."



//http://www.commondreams.org/headline/2013/10/16-3

And a single Walmart has been estimated to cost American taxpayers at least a million per year. Paying poverty wages is basically another form of corporate welfare. In 1968, the minimum wage in the US was $1.60/hour which would be $10.74 today. But minimum wage in the US is just $7.25/hour today.



With 40% of American workers making less than what the minimum wage was in 1968, how can we expect there not to be a huge burden on taxpayers? 50 million Americans can't even afford to feed themselves and their families without government assistance.



Since companies like McDonald's and Walmart are making record profits in the billions, shouldn't they be paying a decent, livable wage? Why do Americans, taxpayers and the economy have to suffer when these companies are laughing all the way to the bank?


How many of those 50 million were added to the food stamp and welfare roles since Obama became president.

(//%3C/s%3E%3CURL%20url=%22http://www.dailyjobsupdate.com/wp-content/uploads/Food-Stamps-Presidents-Totals.png%22%3E%3CLINK_TEXT%20text=%22http://www.dailyjobsupdate.com/wp-conte%20...%20Totals.png%22%3Ehttp://www.dailyjobsupdate.com/wp-content/uploads/Food-Stamps-Presidents-Totals.png%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:17:07 PM
Quote from: "Renee"Paying people more than minimum wage to work at McDonalds is asinine and counter to the rules of business.

Indeed. Why would any company want anything less than record billions when the government and taxpayers can make up for wages lower than they were in 1968?


Quote from: "Renee"Why aren't there more higher paying jobs for unskilled labor? Why isn't the US economy growing at a healthy rate? Why is job creation in the US basically limited to retail and part time work?

Because this is what corporations and Republicans wanted.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 04:17:15 PM
Quote from: "Renee"Isn't it funny how these "low wage" jobs are the basis for the Obama Admins job creation numbers?

 

Paying people more than minimum wage to work at McDonalds is asinine and counter to the rules of business. You get paid what you are worth in any job. Flipping a burger or handing out fries isn't worth shit. These types of jobs are not meant to be careers and if you want to get ahead in life you shouldn't be counting on being a cashier at Wal-Mart or a burger flipper at McDonalds. Those types of jobs are starter jobs unfortunately today they are the majority of jobs available to unskilled labor. Maybe you need to ask why that is? Why aren't there more higher paying jobs for unskilled labor? Why isn't the US economy growing at a healthy rate? Why is job creation in the US basically limited to retail and part time work?

I live in a province with the highest wages in Canada and one of the lower unemployment rates. Most fast food franchisees have to bring in at least some temporary foreign workers because Albertans have greater job opportunities than most other places on this continent.



Srsly though, why would anyone hold up Wallyworld as their example? Who in their right mind would want to make retail or fast food their career? These are entry-level, no-skills necessary jobs. I have an auntie that lives in Singapore. Singapore is a very, very wealthy city state. However, the gap between unskilled, menial jobs like retailing and highly skilled occupations is greater than Canada or the USA. Singapore doesn't have natural resources like Canada and the US. They have people and to remain competitive they need their workforce to be skilled. High wages in the fast food industry(a low wage industry in any country) does not act as an incentive to improve oneself.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 04:19:42 PM
Quote from: "Romero"
Quote from: "Renee"Paying people more than minimum wage to work at McDonalds is asinine and counter to the rules of business.

Indeed. Why would any company want anything less than record billions when the government and taxpayers can make up for wages lower than they were in 1968?


Quote from: "Renee"Why aren't there more higher paying jobs for unskilled labor? Why isn't the US economy growing at a healthy rate? Why is job creation in the US basically limited to retail and part time work?

Because this is what corporations and Republicans wanted.

Corporations and other international business are making their money thanks to emerging markets like China.



Romero, if you owned a franchise you would be paying your workers minimum wage too. If not, you will go under.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:21:27 PM
Quote from: "Renee"How many of those 50 million were added to the food stamp and welfare roles since Obama became president.

And ever since the Great Recession.



Obama has wanted to raise the minimum wage. Corporations and Republicans are against it.



So are you. What do you expect people to do if they can't make a decent wage? Starve?
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 04:23:46 PM
Quote from: "Romero"
Quote from: "Renee"How many of those 50 million were added to the food stamp and welfare roles since Obama became president.

And ever since the Great Recession.



Obama has wanted to raise the minimum wage. Corporations and Republicans are against it.



So are you. What do you expect people to do if they can't make a decent wage? Starve?

Every small business owner would be against it. Profit margins in retail are razor thin to begin with. Minimum wage even slightly higher could force a lot of small family owned business to put plywood over their windows or reduce staff.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:30:10 PM
Quote from: "Shen Li"Romero, if you owned a franchise you would be paying your workers minimum wage too. If not, you will go under.

Sure. But minimum wage in BC is $10.25 and it's only $7.25 in the US. It needs to be more in the US.



If Americans can't make enough to afford basic necessities, we shouldn't be surprised that government and the taxpayers have to provide assistance.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 16, 2013, 04:33:56 PM
Quote from: "Romero"
Quote from: "Shen Li"^^Wal-Mart Stores  paid $7.1 billion (at a rate of 32.4%) in income taxes. However, at least your article admits that lower income people use more services and contribute less than the rest of us.

They've got a lot of nerve insisting on needing food to survive. Why can't they just find a second and third job?


Why not a second job? If you have mouths to feed you do what you need to do. If it was up to people like you everyone would be being paid $20 dollars an hour for doing $8 dollar an hour work. I'm all for helping people who need help but I draw the line when it comes to helping the clueless. That might be an unpopular point of view given the political climate but at least it's realistic.



With people like you it is punish the successful and give handouts to those who refuse to take responsibility for their own welfare. We've heard your song and dance before and it is still wrongheaded. Government entitlements are not the answer. We need to find a way to bring back high paying manufacturing jobs to the US where unskilled labor can do a job that is worth $12 or even $15 dollars an hour.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:36:13 PM
Quote from: "Renee"Why not a second job?

Why not a life? Why not a livable wage when profits are at record highs? What happened to the American Dream?



It's not much of a problem in most developed nations.


Quote from: "Renee"If it was up to people like you everyone would be being paid $20 dollars an hour for doing $8 dollar and hour work.

Nah, minimum wage should be at least what it was back in 1968. We're seeing what happens when Americans can't make a decent living.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 04:44:23 PM
Quote from: "Romero"
Quote from: "Shen Li"Romero, if you owned a franchise you would be paying your workers minimum wage too. If not, you will go under.

Sure. But minimum wage in BC is $10.25 and it's only $7.25 in the US. It needs to be more in the US.



If Americans can't make enough to afford basic necessities, we shouldn't be surprised that government and the taxpayers have to provide assistance.

The minimum wage in Alberta is apparently $9.95/hour. However, our average wage as of 2012 is $1,072.98/week while BC with a higher minimum wage than us is considerably lower at $866.31/week.



Anyway, if you check out my thread about jobs we have had in the past you will see that most of us have had entry-level retail or fast food type jobs. I worked in a Dairy Queen for a summer. I certainly wasn't thinking long term when I worked there. Make some pocket money and buy some clothes. You have probably had a job or two like that yourself. Were you demanding minimum wage be increased or did you realize the job was not meant to provide a future? I think the latter.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 04:52:02 PM
I've never worked for minimum wage.



It's okay here in Canada. I'm talking about how bad it is in the USA. Millions are struggling, taxpayers have to make up the lack in wage that companies won't pay, and it all adds to the debt.



"Unfunded liabilities".



If minimum wage in the US was raised to about $10/hour, companies would still profit and America would be much better off.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 05:23:36 PM
Quote from: "Romero"I've never worked for minimum wage.



It's okay here in Canada. I'm talking about how bad it is in the USA. Millions are struggling, taxpayers have to make up the lack in wage that companies won't pay, and it all adds to the debt.



"Unfunded liabilities".



If minimum wage in the US was raised to about $10/hour, companies would still profit and America would be much better off.

You have never had an entry-level job in retail or fast food? Wow, that is surprising.



Anyway, this must be a tough one for the ideological left. Most mom and pop retail stores pay minimum wage. Most fast food places that also pay minimum wage in the US are also owner-operated. Does the left throw small business owners under the bus and force them to go under/reduce staff by raising their costs? Perhaps a more practical alternative would be to tell adults not to stay in kids' jobs for the rest of their lives. Seems like a much more practical alternative.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 16, 2013, 06:22:18 PM
Quote from: "Shen Li"
Quote from: "Romero"I've never worked for minimum wage.



It's okay here in Canada. I'm talking about how bad it is in the USA. Millions are struggling, taxpayers have to make up the lack in wage that companies won't pay, and it all adds to the debt.



"Unfunded liabilities".



If minimum wage in the US was raised to about $10/hour, companies would still profit and America would be much better off.

You have never had an entry-level job in retail or fast food? Wow, that is surprising.



Anyway, this must be a tough one for the ideological left. Most mom and pop retail stores pay minimum wage. Most fast food places that also pay minimum wage in the US are also owner-operated. Does the left throw small business owners under the bus and force them to go under/reduce staff by raising their costs? Perhaps a more practical alternative would be to tell adults not to stay in kids' jobs for the rest of their lives. Seems like a much more practical alternative.


They did it big time with Obamacare. Do you think they wouldn't think twice about heaping more costs onto small businesses? The cost of doing business means nothing to our imperial "dear Leader" so long as the agenda doesn't suffer.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 16, 2013, 06:24:38 PM
Quote from: "Romero"
Quote from: "Renee"Why not a second job?

Why not a life? Why not a livable wage when profits are at record highs? What happened to the American Dream?



It's not much of a problem in most developed nations.


Quote from: "Renee"If it was up to people like you everyone would be being paid $20 dollars an hour for doing $8 dollar and hour work.

Nah, minimum wage should be at least what it was back in 1968. We're seeing what happens when Americans can't make a decent living.


I got news for you; Americans couldn't make a decent living on min. wage in 68 either. That's why anyone with a brain moved up and out of their "starter" job and did their best to build a real career.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 16, 2013, 07:09:13 PM
Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 16, 2013, 09:23:31 PM
This is a difficult problem, I agree with Romero, but I understand what Renee and Shen Li are saying too..



Reading this thread makes me think of the years I worked as a waitress in a Chinese restaurant..



I was paid minimum wage, but I did ok on weekends with my tips..



I felt sorry for the owners of the restaurant because I know they wanted to pay me more..



But they barely made ends meet themselves..



Minimum wage is not enough to live on anywhere I think..



On the other hand, small business owners are struggling themselves..



Truthfully I cannot see employee pay in the hospitality industry rising very much.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 17, 2013, 02:04:26 PM
^^There is nothing difficult about this. Grow the fucking economy, create good jobs and people will leave dead end retail ones. Do that and you'll be just like Alberta where small business owners have to sponsor Filipinos to do the jobs Albertans won't do. ;)
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on October 17, 2013, 05:22:56 PM
Quote from: "Romero"Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.




one of the "unintended consequences" of the new progressive liberal education...if you graduate and are illiterate and can't speak or read basic english i suggest a minimum wage job is about all you can expect in this world........the system is broken, and has been for some time...when the people have had enough and rise up it will change....until such time it will continue.......funny how you mention 1968 wages.....it seems back then that people  managed to have a pretty good life when govt. didn't control every aspect of daily life...go figure
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 09:22:05 AM
Quote from: "Obvious Li"
Quote from: "Romero"Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.




one of the "unintended consequences" of the new progressive liberal education...if you graduate and are illiterate and can't speak or read basic english i suggest a minimum wage job is about all you can expect in this world........the system is broken, and has been for some time...when the people have had enough and rise up it will change....until such time it will continue.......funny how you mention 1968 wages.....it seems back then that people  managed to have a pretty good life when govt. didn't control every aspect of daily life...go figure

If you graduate with a useless BA minimum wage is more than you are worth.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 18, 2013, 01:02:17 PM
Quote from: "Romero"Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.


I already stated a couple of pages ago that the US needs to find a way to create more manufacturing jobs in the US that pay $12 or $15 or more an hour. But one of the big problems we face in doing that is the liberal politician's best friend, "Big Labor". As soon as the US tries to grow any kind of manufacturing labor force, Unions do their best to horn in on a piece of the action and by doing so drive across the board costs thru the roof. In past decades they did it with the auto and steel industries and almost all manufacturing industries. Now they are glomming onto the retail industry because it is the last big piece of the pie. The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

 

Liberal progressive politicians and their drooling low info followers don't what to hear that because it is a threat to their existence. Like you they would rather raise the minimum wage to unrealistic levels so that the burden is dumped onto the backs of the small business owner. With you people it's all about passing the buck and fucking someone else so that you can go home at night and feel good about yourselves.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 01:32:49 PM
Quote from: "Renee"
Quote from: "Romero"Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.


I already stated a couple of pages ago that the US needs to find a way to create more manufacturing jobs in the US that pay $12 or $15 or more an hour. But one of the big problems we face in doing that is the liberal politician's best friend, "Big Labor". As soon as the US tries to grow any kind of manufacturing labor force, Unions do their best to horn in on a piece of the action and by doing so drive across the board costs thru the roof. In past decades they did it with the auto and steel industries and almost all manufacturing industries. Now they are glomming onto the retail industry because it is the last big piece of the pie. The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

 

Liberal progressive politicians and their drooling low info followers don't what to hear that because it is a threat to their existence. Like you they would rather raise the minimum wage to unrealistic levels so that the burden is dumped onto the backs of the small business owner. With you people it's all about passing the buck and fucking someone else so that you can go home at night and feel good about yourselves.

Hmmm, I don't know Renee. I agree that big labour is a corrupt behemoth that has it's fatcat leaders back and not the paid membership. However, do people in first world nations really want to work in steel and auto plants? I think if the USA started bringing home a lot of the factories that drifted overseas they would be manned by foreigners on temporary visas. Just my 2 cents.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 18, 2013, 02:13:35 PM
Quote from: "Shen Li"
Quote from: "Renee"
Quote from: "Romero"Two-thirds of Americans on minimum wage are adults, and one-third of Americans on minimum wage are adults with at least one child. There just aren't enough decent jobs. Thanks, outsourcing!



Can't blame the average American for not moving on up when super rich companies like Apple are using slave labour in China. This is what workers have to compete with nowadays.



It's completely unfair to pay people much less than what people were paid decades ago. I wonder how awesome the American Dream is going to be when minimum wage is still $7.25/hour twenty years from now.


I already stated a couple of pages ago that the US needs to find a way to create more manufacturing jobs in the US that pay $12 or $15 or more an hour. But one of the big problems we face in doing that is the liberal politician's best friend, "Big Labor". As soon as the US tries to grow any kind of manufacturing labor force, Unions do their best to horn in on a piece of the action and by doing so drive across the board costs thru the roof. In past decades they did it with the auto and steel industries and almost all manufacturing industries. Now they are glomming onto the retail industry because it is the last big piece of the pie. The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

 

Liberal progressive politicians and their drooling low info followers don't what to hear that because it is a threat to their existence. Like you they would rather raise the minimum wage to unrealistic levels so that the burden is dumped onto the backs of the small business owner. With you people it's all about passing the buck and fucking someone else so that you can go home at night and feel good about yourselves.

Hmmm, I don't know Renee. I agree that big labour is a corrupt behemoth that has it's fatcat leaders back and not the paid membership. However, do people in first world nations really want to work in steel and auto plants? I think if the USA started bring home a lot of the factories that drifted overseas they would be manned by foreigners on temporary visas. Just my 2 cents.


Right now I think a lot of people in the US will work anywhere given the opportunity for a halfway decent wage. Youth unemployment is thru the roof and unskilled labor is reduced to retail and fast food jobs that aren't worth more than 8 bucks an hour. Providing factory positions for $12 or $15 dollars and hour to start and add in some basic benefits, would look pretty good to those that need to put food on the table right now. Not only that we have a shitload of returning service men and women who need jobs. I'm pretty sure most of them would take a manufacting job that paid okay.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 18, 2013, 02:36:23 PM
Quote from: "Renee"The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

Union membership has dropped dramatically and regulations have been relaxed. So where's all the good that's supposed to have happened?



You may want to notice that things have gotten worse with fewer unions and regulations. Wages are down, the middle class is disappearing, there are more in poverty...



You're arguing for more of it.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 02:51:34 PM
Quote from: "Romero"
Quote from: "Renee"The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

Union membership has dropped dramatically and regulations have been relaxed. So where's all the good that's supposed to have happened?



You may want to notice that things have gotten worse with fewer unions and regulations. Wages are down, the middle class is disappearing, there are more in poverty...



You're arguing for more of it.

You mean they do not want to return because they would have to deal with corrupt big union greed all over again? Can't blame any company big or small for not wanting that.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 02:54:51 PM
Quote from: "Renee"
Quote from: "Shen Li"
Quote from: "Renee"


I already stated a couple of pages ago that the US needs to find a way to create more manufacturing jobs in the US that pay $12 or $15 or more an hour. But one of the big problems we face in doing that is the liberal politician's best friend, "Big Labor". As soon as the US tries to grow any kind of manufacturing labor force, Unions do their best to horn in on a piece of the action and by doing so drive across the board costs thru the roof. In past decades they did it with the auto and steel industries and almost all manufacturing industries. Now they are glomming onto the retail industry because it is the last big piece of the pie. The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

 

Liberal progressive politicians and their drooling low info followers don't what to hear that because it is a threat to their existence. Like you they would rather raise the minimum wage to unrealistic levels so that the burden is dumped onto the backs of the small business owner. With you people it's all about passing the buck and fucking someone else so that you can go home at night and feel good about yourselves.

Hmmm, I don't know Renee. I agree that big labour is a corrupt behemoth that has it's fatcat leaders back and not the paid membership. However, do people in first world nations really want to work in steel and auto plants? I think if the USA started bring home a lot of the factories that drifted overseas they would be manned by foreigners on temporary visas. Just my 2 cents.


Right now I think a lot of people in the US will work anywhere given the opportunity for a halfway decent wage. Youth unemployment is thru the roof and unskilled labor is reduced to retail and fast food jobs that aren't worth more than 8 bucks an hour. Providing factory positions for $12 or $15 dollars and hour to start and add in some basic benefits, would look pretty good to those that need to put food on the table right now. Not only that we have a shitload of returning service men and women who need jobs. I'm pretty sure most of them would take a manufacting job that paid okay.

I live in an area with a buoyant job market. There is a mattress factory here that is always in need of people. They pay something like $16/hour to start I believe the sign on the road reads. Physically demanding, repetitive, mind-numbing work I would imagine. Not many local takers, so they cast their net abroad.



Too bad we couldn't ship off to Nevada or some other state reeling from sky-high unemployment.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 18, 2013, 04:07:51 PM
Quote from: "Shen Li"
Quote from: "Romero"
Quote from: "Renee"The only way to bring manufacturing back to the US is to crush the unions and relax government regulations that prevent US made goods from being price competitive.

Union membership has dropped dramatically and regulations have been relaxed. So where's all the good that's supposed to have happened?



You may want to notice that things have gotten worse with fewer unions and regulations. Wages are down, the middle class is disappearing, there are more in poverty...



You're arguing for more of it.

You mean they do not want to return because they would have to deal with corrupt big union greed all over again? Can't blame any company big or small for not wanting that.


Of course union membership has dropped. A lot of the big industrial and manufacturing sectors they had their hooks in have moved off shore. They can't follow them into other countries and extort foreign workers. And don't be so naive as to think unions didn't have a big fat hand in corporations deciding to move their manufacturing to cheaper countries. It's funny how many of the most successful auto manufacturers like Toyota, Honda and VW refuse to be union shops. Their workers get a good wage, the benefits are pretty good and the workers are happy. Why; because it's not about unions, it's about corporate responsibility. Unions create a divisive work atmosphere that pits worker against employer and it's all done so that union fat cats can line the union coffers, their own pockets and their political war chests.



As for government regulations being more relaxed I'd like to see some supporting info on that.



Oh and that supporting info can't be from some liberal rag or blog either.  I guess you got your work cut out for you so get cracking Lefty.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 04:17:10 PM
Quote from: "Renee"
Of course union membership has dropped. A lot of the big industrial and manufacturing sectors they had their hooks in have moved off shore. They can't follow them into other countries and extort foreign workers. And don't be so naive as to think unions didn't have a big fat hand in corporations deciding to move their manufacturing to cheaper countries. It's funny how many of the most successful auto manufacturers like Toyota, Honda and VW refuse to be union shops. Their workers get a good wage, the benefits are pretty good and the workers are happy. Why; because it's not about unions, it's about corporate responsibility. Unions create a divisive work atmosphere that pits worker against employer and it's all done so that union fat cats can line the union coffers, their own pockets and their political war chests.



As for government regulations being more relaxed I'd like to see some supporting info on that.



Oh and that supporting info can't be from some liberal rag or blog either.  I guess you got your work cut out for you so get cracking Lefty.

The Honda plant in Alliston, Ontario is non-union I know. They never seem to have the massive lay-offs NA companies have had. The workers laid-off during the recession are all hired back now I believe. They pay very good wages and benefits like you wrote.



However, can all the big three's problems be blamed on the unions? Certainly they were no help, but how about the products being churned out in the past by the big three? Lower sales translates into job cuts for sure. For a while GM and especially Chrysler were making junk. Ford for one has really pulled up their socks. My husband has a new F-150 and loves it.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 18, 2013, 05:16:24 PM
Quote from: "Shen Li"
Quote from: "Renee"
Of course union membership has dropped. A lot of the big industrial and manufacturing sectors they had their hooks in have moved off shore. They can't follow them into other countries and extort foreign workers. And don't be so naive as to think unions didn't have a big fat hand in corporations deciding to move their manufacturing to cheaper countries. It's funny how many of the most successful auto manufacturers like Toyota, Honda and VW refuse to be union shops. Their workers get a good wage, the benefits are pretty good and the workers are happy. Why; because it's not about unions, it's about corporate responsibility. Unions create a divisive work atmosphere that pits worker against employer and it's all done so that union fat cats can line the union coffers, their own pockets and their political war chests.



As for government regulations being more relaxed I'd like to see some supporting info on that.



Oh and that supporting info can't be from some liberal rag or blog either.  I guess you got your work cut out for you so get cracking Lefty.

The Honda plant in Alliston, Ontario is non-union I know. They never seem to have the massive lay-offs NA companies have had. The workers laid-off during the recession are all hired back now I believe. They pay very good wages and benefits like you wrote.



However, can all the big three's problems be blamed on the unions? Certainly they were no help, but how about the products being churned out in the past by the big three? Lower sales translates into job cuts for sure. For a while GM and especially Chrysler were making junk. Ford for one has really pulled up their socks. My husband has a new F-150 and loves it.


Some of the problems the big three had were indeed their product line. I believe that most of their Japanese rivals go thru full model design changes about once every 4 years while the American manufacturers where redesigning their products once every 7 on average. GM who was the world's largest car maker damaged themselves with internal political squabbling between their countless divisions. Chrysler while Mercedes owned their controlling stock was treated like the redheaded step child and was starved of R&D money. So yes Unions were not totally to blame for their fall but they sure as hell didn't help. In fact they were well aware of the financial mess that the US car companies faced and did nothing to help the situation except attempt to extort more and more money out of the companies. Furthermore GM is now saddled with the UAW for life because Obama forced them to place the Union on the board of directors as part of their restructuring and bailout. One of the reasons GM dumped Saturn was because Saturn represted the last non-union shop in the GM fold.

 

You are right about Ford they really make a decent product and they didn't take any of the Obama government cheese to do it. As for their truck line, they arguably always made the best full-size pick-up on the market. Now they just make a better one. My husband who was always a GM car fan insists that the company lease purchase Ford super duties as company vehicles because they never die.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 18, 2013, 05:23:51 PM
Quote from: "Renee"
Some of the problems the big three had were indeed their product line. I believe that most of their Japanese rivals go thru full model design changes about once every 4 years while the American manufacturers where redesigning their products once every 7 on average. GM who was the world's largest car maker damaged themselves with internal political squabbling between their countless divisions. Chrysler while Mercedes owned their controlling stock was treated like the redheaded step child and was starved of R&D money. So yes Unions were not totally to blame for their fall but they sure as hell didn't help. In fact they were well aware of the financial mess that the US car companies faced and did nothing to help the situation except attempt to extort more and more money out of the companies. Furthermore GM is now saddled with the UAW for life because Obama forced them to place the Union on the board of directors as part of their restructuring and bailout. One of the reasons GM dumped Saturn was because Saturn represted the last non-union shop in the GM fold.

 

You are right about Ford they really make a decent product and they didn't take any of the Obama government cheese to do it. As for their truck line, they arguably always made the best full-size pick-up on the market. Now they just make a better one. My husband who was always a GM car fan insists that the company lease purchase Ford super duties as company vehicles because they never die.

You seem to know more about the internal workings of the auto industry than I do. I was unaware that Obama placed the UAW on the board of directors at GM. I also didn't know Saturn was non-union when it was owned by GM.



For pure looks, I have always liked the Silverado series of trucks. Don't get me wrong, my husband's white F-150 is cute, but I am partial to the looks of a nice black Silverado with heaps of chrome.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on October 18, 2013, 05:38:31 PM
Quote from: "Shen Li"
Quote from: "Renee"
Some of the problems the big three had were indeed their product line. I believe that most of their Japanese rivals go thru full model design changes about once every 4 years while the American manufacturers where redesigning their products once every 7 on average. GM who was the world's largest car maker damaged themselves with internal political squabbling between their countless divisions. Chrysler while Mercedes owned their controlling stock was treated like the redheaded step child and was starved of R&D money. So yes Unions were not totally to blame for their fall but they sure as hell didn't help. In fact they were well aware of the financial mess that the US car companies faced and did nothing to help the situation except attempt to extort more and more money out of the companies. Furthermore GM is now saddled with the UAW for life because Obama forced them to place the Union on the board of directors as part of their restructuring and bailout. One of the reasons GM dumped Saturn was because Saturn represted the last non-union shop in the GM fold.

 

You are right about Ford they really make a decent product and they didn't take any of the Obama government cheese to do it. As for their truck line, they arguably always made the best full-size pick-up on the market. Now they just make a better one. My husband who was always a GM car fan insists that the company lease purchase Ford super duties as company vehicles because they never die.

You seem to know more about the internal workings of the auto industry than I do. I was unaware that Obama placed the UAW on the board of directors at GM. I also didn't know Saturn was non-union when it was owned by GM.



For pure looks, I have always like the Silverado series of trucks. Don't get me wrong, my husband's white F-150 is cute, but I am partial to the looks of a nice black Silverado with heaps of chrome.


I know enough about the car industry to be dangerous. Back when all the bailout stuff was going down it was all over the news and financial reports so if you kept half an eye on the economy you had to read a lot of what was going on.



I agree about the Chevy in the looks department but I think I like the F-150 better. To me it looks more masculine and a truck should look like a guy wants to drive it.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on October 18, 2013, 11:09:39 PM
Quote from: "Obvious Li"funny how you mention 1968 wages.....it seems back then that people  managed to have a pretty good life when govt. didn't control every aspect of daily life...go figure

In 1968 the minimum wage was higher, average wages were higher and more workers were unionized. 1968 saw a peak of civil and worker rights fought for since before the start of the Industrial Revolution. Corporations and the wealthy paid a higher fair share in taxes, helping country and economy.



Now it's 2013. The economy stinks. We've done lower wages, lower taxes, less unionization; more globalization, deregulation, merging, outsourcing... when is it going to start doing any good? Things suck more now after that all happened.  



We've been doing exactly what you and many others have wanted. It's clearly not working. It was better in 1968 when there were higher wages, unionization and taxes, wasn't it?
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on October 19, 2013, 05:03:48 AM
Quote from: "Romero"
Quote from: "Obvious Li"funny how you mention 1968 wages.....it seems back then that people  managed to have a pretty good life when govt. didn't control every aspect of daily life...go figure

In 1968 the minimum wage was higher, average wages were higher and more workers were unionized. 1968 saw a peak of civil and worker rights fought for since before the start of the Industrial Revolution. Corporations and the wealthy paid a higher fair share in taxes, helping country and economy.



Now it's 2013. The economy stinks. We've done lower wages, lower taxes, less unionization; more globalization, deregulation, merging, outsourcing... when is it going to start doing any good? Things suck more now after that all happened.  



We've been doing exactly what you and many others have wanted. It's clearly not working. It was better in 1968 when there were higher wages, unionization and taxes, wasn't it?


well you got one thing right......it was better in 1968.....most families had one income (the father) and lived quite well.....most people were the same.......the reasons for this were many and had little if anything to do with unions etc etc.......



in 1968, govt. was small and benign in your daily life......taxes were low, prices were low, regulations (and their costs) were a non issue...people were well educated and "progressives" were just stating to interact with their medication. If you didn't work you didn't eat. Being on social assistance was still "shameful" and to be avoided at all costs.



people had "reasonable" expectations...paid cash for the stuff they really needed...credit was almost non-existent and families bought stuff when they could afford it....luxuries, like dining out, movies or vacations occurred rarely and sparingly....it was common for someone to spend their whole adult life driving older used vehicles...chances are the clothes you wore to school were your older brothers or sisters.......



so as stated, in 1968, people still had reasonable expectations on what the system could provide....by the 70's, once people had a taste of the Trudeau liberal welfare state there was no turning back.... government intrusion in every facet of your daily life followed as the progressive socialists took over what families and parents used to do...taxes were raised, govt's borrowed to pay for their largesse....the progressives started to dumb down the people by destroying the education system and bringing in regulations to control every facet of daily life...the end result was inevitable, predictable and tragic......we are living it every day.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on October 19, 2013, 11:41:07 AM
Quote from: "Romero"
Quote from: "Obvious Li"funny how you mention 1968 wages.....it seems back then that people  managed to have a pretty good life when govt. didn't control every aspect of daily life...go figure

In 1968 the minimum wage was higher, average wages were higher and more workers were unionized. 1968 saw a peak of civil and worker rights fought for since before the start of the Industrial Revolution. Corporations and the wealthy paid a higher fair share in taxes, helping country and economy.



Now it's 2013. The economy stinks. We've done lower wages, lower taxes, less unionization; more globalization, deregulation, merging, outsourcing... when is it going to start doing any good? Things suck more now after that all happened.  



We've been doing exactly what you and many others have wanted. It's clearly not working. It was better in 1968 when there were higher wages, unionization and taxes, wasn't it?

It seems you are saying what Renee is saying, greedy unions are the reason unskilled labour jobs took off for greener pastures. Can't blame em as unions got too big, too greedy and too bullying.



Lots of good paying jobs today though. None for unskilled labourers though and I have no problem with that.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 18, 2013, 02:08:04 PM
QuoteA Walmart in northeast Ohio is holding a holiday canned food drive — for its own underpaid employees. "Please Donate Food Items Here, so Associates in Need Can Enjoy Thanksgiving Dinner," a sign reads in the employee lounge of a Canton-area Walmart.



Kory Lundberg, a Walmart spokesman, says the drive is a positive thing. "This is part of the company's culture to rally around associates and take care of them when they face extreme hardships," he said. Indeed, Lundberg is correct that it's commendable to make an effort to help out those who are in need, especially during the holidays.



But the need for a food drive illustrates how difficult it is for Walmart workers to get by on its notoriously low pay. The company has long been plagued by charges that it doesn't pay its employees a real living wage.



Walmart's low wages come at a public cost. Because low-income workers still need housing and health care, taxpayers end up doling out millions in benefits to bridge the gap faced by many of the store's retail workers. They have also led to strikes at Walmart stores from Seattle to Chicago to Los Angeles in recent weeks.



Even if the canned food drive successfully gathers enough to help out the Canton store's low-income workers, many of them might not even be able to have the food on Thanksgiving. That's because Walmart is one of a group of retailers that will open its stores for Black Friday sales beginning at 6 p.m. on Thanksgiving afternoon.



//http://thinkprogress.org/economy/2013/11/18/2960371/walmart-food-drive/

"Benefits". Enjoy your Thanksgiving can of cream corn when you get home around two in the morning!
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on November 18, 2013, 02:20:52 PM
Quote from: "Romero"
QuoteA Walmart in northeast Ohio is holding a holiday canned food drive — for its own underpaid employees. "Please Donate Food Items Here, so Associates in Need Can Enjoy Thanksgiving Dinner," a sign reads in the employee lounge of a Canton-area Walmart.



Kory Lundberg, a Walmart spokesman, says the drive is a positive thing. "This is part of the company's culture to rally around associates and take care of them when they face extreme hardships," he said. Indeed, Lundberg is correct that it's commendable to make an effort to help out those who are in need, especially during the holidays.



But the need for a food drive illustrates how difficult it is for Walmart workers to get by on its notoriously low pay. The company has long been plagued by charges that it doesn't pay its employees a real living wage.



Walmart's low wages come at a public cost. Because low-income workers still need housing and health care, taxpayers end up doling out millions in benefits to bridge the gap faced by many of the store's retail workers. They have also led to strikes at Walmart stores from Seattle to Chicago to Los Angeles in recent weeks.



Even if the canned food drive successfully gathers enough to help out the Canton store's low-income workers, many of them might not even be able to have the food on Thanksgiving. That's because Walmart is one of a group of retailers that will open its stores for Black Friday sales beginning at 6 p.m. on Thanksgiving afternoon.



//http://thinkprogress.org/economy/2013/11/18/2960371/walmart-food-drive/

"Benefits". Enjoy your Thanksgiving can of cream corn when you get home around two in the morning!




yes..i'd rather be a unionized worker at Caterpillar or Heinz in Ontario than work at Walmart......oh wait a minute, there are no more workers at Cat and Heinz...they priced themselves out of a job........idiots
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 18, 2013, 02:21:14 PM
Quote from: "Obvious Li"


well you got one thing right......it was better in 1968.....most families had one income (the father) and lived quite well.....most people were the same.......the reasons for this were many and had little if anything to do with unions etc etc.......



in 1968, govt. was small and benign in your daily life......taxes were low, prices were low, regulations (and their costs) were a non issue...people were well educated and "progressives" were just stating to interact with their medication. If you didn't work you didn't eat. Being on social assistance was still "shameful" and to be avoided at all costs.



people had "reasonable" expectations...paid cash for the stuff they really needed...credit was almost non-existent and families bought stuff when they could afford it....luxuries, like dining out, movies or vacations occurred rarely and sparingly....it was common for someone to spend their whole adult life driving older used vehicles...chances are the clothes you wore to school were your older brothers or sisters.......



so as stated, in 1968, people still had reasonable expectations on what the system could provide....by the 70's, once people had a taste of the Trudeau liberal welfare state there was no turning back.... government intrusion in every facet of your daily life followed as the progressive socialists took over what families and parents used to do...taxes were raised, govt's borrowed to pay for their largesse....the progressives started to dumb down the people by destroying the education system and bringing in regulations to control every facet of daily life...the end result was inevitable, predictable and tragic......we are living it every day.

People today spend more on government than they do on food, shelter and clothing. There was the global cooling scare then not the legal theft known as global warming today which is the biggest assault on working people there is. You have the all these hands robbing working people today, big government, big NGO's, big labour, and big crony capitalism(Obongo).



I hope my son's generation will be liberated from this madness.
Title: Re: Impossible to even comprehend these numbers....
Post by: Odinson on November 19, 2013, 01:28:22 AM
Quote from: "Shen Li"
Quote from: "Obvious Li"


well you got one thing right......it was better in 1968.....most families had one income (the father) and lived quite well.....most people were the same.......the reasons for this were many and had little if anything to do with unions etc etc.......



in 1968, govt. was small and benign in your daily life......taxes were low, prices were low, regulations (and their costs) were a non issue...people were well educated and "progressives" were just stating to interact with their medication. If you didn't work you didn't eat. Being on social assistance was still "shameful" and to be avoided at all costs.



people had "reasonable" expectations...paid cash for the stuff they really needed...credit was almost non-existent and families bought stuff when they could afford it....luxuries, like dining out, movies or vacations occurred rarely and sparingly....it was common for someone to spend their whole adult life driving older used vehicles...chances are the clothes you wore to school were your older brothers or sisters.......



so as stated, in 1968, people still had reasonable expectations on what the system could provide....by the 70's, once people had a taste of the Trudeau liberal welfare state there was no turning back.... government intrusion in every facet of your daily life followed as the progressive socialists took over what families and parents used to do...taxes were raised, govt's borrowed to pay for their largesse....the progressives started to dumb down the people by destroying the education system and bringing in regulations to control every facet of daily life...the end result was inevitable, predictable and tragic......we are living it every day.

People today spend more on government than they do on food, shelter and clothing. There was the global cooling scare then not the legal theft known as global warming today which is the biggest assault on working people there is. You have the all these hands robbing working people today, big government, big NGO's, big labour, and big crony capitalism(Obongo).



I hope my son's generation will be liberated from this madness.


Half of my salary is spent on taxes. Buying of a TV requires some long term planning. Spending 100 bucks is a large expenditure. I try to cope and get ladies but I cannot afford to get in a fancy restaurants etc.

She is so beautiful.



I know homero cums in his pants when he hear the word "scandinavia". The truth is that we are paying the half our salaries in taxes and our pay is minimal to begin with.



The swedes, norwegians are the same. We have no money... It is a lie and you are all fools.



That is why we are all so much more masculine... We are trying to fight this blood sucking abyss. But what can a mere man do against the government.

Lapland should go independent so that we would not be required to hear your southern homo stuff ever again.



No metrosexuals, no homos of any kind!



I´ll take my gun, ammo and go live in the woods somewhere because in the wilderness I do not have to suffer some commie phaggots/metrosexuals.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 19, 2013, 03:48:00 PM
QuoteThe latest friendly advice from McDonald's to their low-wage workers includes tips on how to better handle stress--as well as how to fill yourself up better with dinner.  The fast-food corporation instructs workers that breaking food "into pieces" will keep you full.



A video published by Low Pay Is Not OK shows the website's advice to workers.  One piece of advice given is for workers to take two vacations a year--an impossible task given that many employees work two low-wage jobs.  It tells workers to "sing away stress" because it "can lower your blood pressure."  And it tells McDonald's employees to break "food into pieces," which "results in eating less and still feeling full."



McDonald's had previously come under fire for telling workers to apply for food stamps while being employed by a fast-food corporation raking in billions annually. Many McDonald's workers make minimum wage.  The federal minimum wage rate is $7.25 an hour.



//http://www.alternet.org/mcdonalds-advice-employees-break-food-pieces-keep-you-full
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 19, 2013, 03:51:29 PM
^^McDonald's franchisees do NOT rake in billions of dollars despite what an editorial piece from alternet says. They work long hours and have a huge investment at stake. The kids working for them, have no risk at all.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 19, 2013, 04:27:10 PM
No article has claimed franchise owners rake in billions. McDonald's does. McDonald's can well afford to give their franchisees more to pay their workers a living wage.



Or the company should be forced to. "If you're hungry break food into pieces"? How cruel is it going to get?



No problem paying a living wage in Canada and most other countries!
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 19, 2013, 04:42:31 PM
Quote from: "Romero"No article has claimed franchise owners rake in billions. McDonald's does. McDonald's can well afford to give their franchisees more to pay their workers a living wage.



Or the company should be forced to. "If you're hungry break food into pieces"? How cruel is it going to get?



No problem paying a living wage in Canada and most other countries!

 

It's obvious that you don't get it. Unless the McDonald's location is corporate owned, the franchise owner pays his employees salaries.



BTW, don't even try to tell us that you can make a "living wage" working at McDonalds in Canada. That claim is too butt fucking naive; no stupid,  to even give more than a passing chuckle.  



Troll fail; wait NO, troll EPIC fail on that one.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 19, 2013, 05:36:32 PM
You can make a living wage working at a McDonald's in Canada. Our minimum wage is around $3/hour more.



You don't see McDonald's Canada telling hungry workers to fill up by breaking food into pieces!


QuoteMcDonald's franchise owners are mobilizing against corporate.



The franchisees, who operate 90% of McDonald's restaurants, say the company is charging too much for rent, remodeling, and fees for training, reports Leslie Patton at Bloomberg News.



The franchisees told Patton they are currently paying up to 12% of store sales in rent. They're asking the company to return to a "historic rate" of 8.5%.



//http://www.businessinsider.com/mcdonalds-franchise-owners-hold-meeting-2013-8
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 19, 2013, 05:38:06 PM
Quote from: "Romero"No article has claimed franchise owners rake in billions. McDonald's does. McDonald's can well afford to give their franchisees more to pay their workers a living wage.



Or the company should be forced to. "If you're hungry break food into pieces"? How cruel is it going to get?



No problem paying a living wage in Canada and most other countries!

McDonald's corporation does not pay anyone's wages that works in their restaurants, unless it is a corporate outlet.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 19, 2013, 05:39:10 PM
Quote from: "Renee"
Quote from: "Romero"No article has claimed franchise owners rake in billions. McDonald's does. McDonald's can well afford to give their franchisees more to pay their workers a living wage.



Or the company should be forced to. "If you're hungry break food into pieces"? How cruel is it going to get?



No problem paying a living wage in Canada and most other countries!

 

It's obvious that you don't get it. Unless the McDonald's location is corporate owned, the franchise owner pays his employees salaries.



BTW, don't even try to tell us that you can make a "living wage" working at McDonalds in Canada. That claim is too butt fucking naive; no stupid,  to even give more than a passing chuckle.  



Troll fail; wait NO, troll EPIC fail on that one.

You got that right Renee. In my city it is part time kids or foreign contract labour.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 02:25:05 PM
QuoteTis the season for holiday spirit: Yule logs, egg nog, festive lights and exchanging gifts with loved ones. If you work for McDonald's, though, be sure to save those receipts.



McDonald's McResource Line, a dedicated website run by the world's largest fast-food chain to provide its 1.8 million employees with financial and health-related tips, offers a full page of advice for "Digging Out From Holiday Debt." Among their helpful holiday tips: "Selling some of your unwanted possessions on eBay or Craigslist could bring in some quick cash."



McDonald's employees are some of the most underpaid workers in the country. The company's cashiers and "team members" earn, on average, $7.75 an hour, just 50 cents higher than the federal minimum wage. Responding to rising living costs, many stores have staged walk-outs, strikes and protests, demanding a living wage. In Europe, where the minimum wage for employees is $12, customers pay just pennies more than their American counterparts for the same menu items, while the stores themselves typically bring in higher profit margins than ones in the United States.



Of course, McDonalds has shown little willingness to negotiate higher salaries for their poorest workers even as labor rights groups up the pressure. Instead, their website has another piece of advice for people who are stressed about their meager paychecks: "Quit complaining," the site suggests. "Stress hormones levels rise by 15% after 10 minutes of complaining."



//http://thinkprogress.org/economy/2013/11/19/2970651/mcdonalds-advice-underpaid-employees-sell-christmas-presents-cash/

Geez, what's next?



"Short on cash? You could try selling drugs, or your children if you have any".
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 20, 2013, 02:40:36 PM
Quote from: "Romero"
QuoteTis the season for holiday spirit: Yule logs, egg nog, festive lights and exchanging gifts with loved ones. If you work for McDonald's, though, be sure to save those receipts.



McDonald's McResource Line, a dedicated website run by the world's largest fast-food chain to provide its 1.8 million employees with financial and health-related tips, offers a full page of advice for "Digging Out From Holiday Debt." Among their helpful holiday tips: "Selling some of your unwanted possessions on eBay or Craigslist could bring in some quick cash."



McDonald's employees are some of the most underpaid workers in the country. The company's cashiers and "team members" earn, on average, $7.75 an hour, just 50 cents higher than the federal minimum wage. Responding to rising living costs, many stores have staged walk-outs, strikes and protests, demanding a living wage. In Europe, where the minimum wage for employees is $12, customers pay just pennies more than their American counterparts for the same menu items, while the stores themselves typically bring in higher profit margins than ones in the United States.



Of course, McDonalds has shown little willingness to negotiate higher salaries for their poorest workers even as labor rights groups up the pressure. Instead, their website has another piece of advice for people who are stressed about their meager paychecks: "Quit complaining," the site suggests. "Stress hormones levels rise by 15% after 10 minutes of complaining."



//http://thinkprogress.org/economy/2013/11/19/2970651/mcdonalds-advice-underpaid-employees-sell-christmas-presents-cash/

Geez, what's next?



"Short on cash? You could try selling drugs, or your children if you have any".

Employees under the age of 18 make 4 pounds 25 per hour at McDonald's UK. This converts to aprroximately $6.85 an hour. This is according to Mcdonald's UK's website.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 03:42:58 PM
More cruelty! Babysitter wages for doing an adult job. It's totally unfair to pay half as much for the same work.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 20, 2013, 05:35:18 PM
QuoteTo start, some Australians actually make less than the adult minimum wage. The country allows lower pay for teenagers, and the labor deal McDonald's struck with its employees currently pays 16-year-olds roughly US$8-an-hour, not altogether different from what they'd make in the states. In an email, Greg Bamber, a professor at Australia's Monash University who has studied labor relations in the country's fast food industry, told me that as a result, McDonald's relies heavily on young workers in Australia. It's a specific quirk of the country's wage system. But it goes to show that even in generally high-pay countries, restaurants try to save on labor where they can.



It's also possible that McDonald's keeps its prices down overseas by squeezing more productivity out of its workers. Researchers studying the impact of minimum wage increases on American fast food chains in the Deep South have found that while restaurants mostly cope by their raising prices, they also respond by handing their employees more responsibility. It stands to reason that in places like Europe and Australia, managers have found ways to get more mileage out of their staff as well.



Or if not, they've at least managed to replace a few of them with computers. As Michael Schaefer, an analyst with Euromonitor International, told me, fast food franchises in Europe have been some of the earliest adopters of touchscreen kiosks that let customers order without a cashier. As always, the peril of making employees more expensive is that machines become cheaper in comparison.



Finally, McDonald's has also helped its bottom line abroad by experimenting with higher margin menu items while trying to court more affluent customers. Way back in 1993, for instance, Australia became home to the first McCafe coffee shops, which sell highly profitable espresso drinks. During the last decade, meanwhile, the company gave its European restaurants a designer make-over and began offering more localized menus meant to draw a higher spending crowd.



So if President Obama waved a magic wand tomorrow and raised the minimum wage to $10 or $15, does this all mean that U.S. fast food chains would be able to cope? "Were that to happen overnight, it would be a hugely traumatic process," Schaefer told me. After all, virtually every fast food franchise in the country would have to rethink its business model as their profits evaporated. But as the international market shows, the models are out there. It would certainly mean more expensive burgers. It would almost definitely mean fewer workers, as restaurants found ways to streamline their staffs, either through better management or technology. And it might mean fewer chains catering to the bottom of the market.

http://www.theatlantic.com/business/archive/2013/08/the-magical-world-where-mcdonalds-pays-15-an-hour-its-australia/278313/

Despite what leftist editorials like 'thinkprogress' would have the naieve believe, you cannot simply raise wages significantly and conduct business in the exact same manner. Workers would have to become more productive, there would be fewer workers/hours, menus would have to change or technology will cut down on the number of workers. Sorry tp,no easy fixes.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 06:44:34 PM
Quote from: "Shen Li"
QuoteTo start, some Australians actually make less than the adult minimum wage. The country allows lower pay for teenagers, and the labor deal McDonald's struck with its employees currently pays 16-year-olds roughly US$8-an-hour, not altogether different from what they'd make in the states. In an email, Greg Bamber, a professor at Australia's Monash University who has studied labor relations in the country's fast food industry, told me that as a result, McDonald's relies heavily on young workers in Australia. It's a specific quirk of the country's wage system. But it goes to show that even in generally high-pay countries, restaurants try to save on labor where they can.



It's also possible that McDonald's keeps its prices down overseas by squeezing more productivity out of its workers. Researchers studying the impact of minimum wage increases on American fast food chains in the Deep South have found that while restaurants mostly cope by their raising prices, they also respond by handing their employees more responsibility. It stands to reason that in places like Europe and Australia, managers have found ways to get more mileage out of their staff as well.



Or if not, they've at least managed to replace a few of them with computers. As Michael Schaefer, an analyst with Euromonitor International, told me, fast food franchises in Europe have been some of the earliest adopters of touchscreen kiosks that let customers order without a cashier. As always, the peril of making employees more expensive is that machines become cheaper in comparison.



Finally, McDonald's has also helped its bottom line abroad by experimenting with higher margin menu items while trying to court more affluent customers. Way back in 1993, for instance, Australia became home to the first McCafe coffee shops, which sell highly profitable espresso drinks. During the last decade, meanwhile, the company gave its European restaurants a designer make-over and began offering more localized menus meant to draw a higher spending crowd.



So if President Obama waved a magic wand tomorrow and raised the minimum wage to $10 or $15, does this all mean that U.S. fast food chains would be able to cope? "Were that to happen overnight, it would be a hugely traumatic process," Schaefer told me. After all, virtually every fast food franchise in the country would have to rethink its business model as their profits evaporated. But as the international market shows, the models are out there. It would certainly mean more expensive burgers. It would almost definitely mean fewer workers, as restaurants found ways to streamline their staffs, either through better management or technology. And it might mean fewer chains catering to the bottom of the market.

http://www.theatlantic.com/business/archive/2013/08/the-magical-world-where-mcdonalds-pays-15-an-hour-its-australia/278313/

Despite what leftist editorials like 'thinkprogress' would have the naieve believe, you cannot simply raise wages significantly and conduct business in the exact same manner. Workers would have to become more productive, there would be fewer workers/hours, menus would have to change or technology will cut down on the number of workers. Sorry tp,no easy fixes.

Of course they're trying to save on labour. They don't necessarily have to, they're just trying to squeeze out as much money as they can. Workers shouldn't have to suffer for greed. They're the ones helping companies make those high profits.



McDonald's in Canada and other countries pay at least $10/hour and still highly profit, so the argument that it can't be done in the States is completely bogus. Minimum wage in Washington state is $9.19/hour and it has worked out just fine.
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on November 20, 2013, 08:14:38 PM
Homy...you silly fucker......last i heard applying for a job was voluntary....if you don't like the salary being offered......look somewhere else.....now stop being so fucking stupid about this
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 08:23:12 PM
?


Quote from: "Obvious Li"Minimum wage should be a minimum $15/hour for any job...we just need to be willing to pay for the increase in cost in goods and services that will result......very minimum, i suggest.

Quote from: "Obvious Li"
Quote from: "Romero"I believe it's a different situation in the US. In Canada the lowest minimum wage is $9.95/hour but in the US it's only $7.25/hour. Minimum wage in the US shouldn't be lower than what it was in 1968(adjusted into today's dollars). The big fast food companies are raking in billions while their workers are forced to go on food stamps and other assistance. It costs American taxpayers billions every year. Corporate welfare.



I don't think it should be raised to $15/hour though. It should be raised to at least $10/hour for now.




get with with program homy....$15/hr = approximately $2500 per mo........almost pushes you into survival if you watch your pennies.......who can survive at $10 per hr. these days.....
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on November 20, 2013, 08:25:36 PM
that was a sad sad effort at trolling......i should delete those posts from the ethternet for ever........now answer the question
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 09:28:05 PM
What question?
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 20, 2013, 10:13:50 PM
Quote from: "Romero"
Of course they're trying to save on labour. They don't necessarily have to, they're just trying to squeeze out as much money as they can. Workers shouldn't have to suffer for greed. They're the ones helping companies make those high profits.



McDonald's in Canada and other countries pay at least $10/hour and still highly profit, so the argument that it can't be done in the States is completely bogus. Minimum wage in Washington state is $9.19/hour and it has worked out just fine.

You don't that, you are completely making it up. You don't know what their cost structure is or how much they charge for each menu item or how many employees each McDonald's franchise employs and whether they are full time or part time. The menu prices are different as well(different even within the USA), so nobody can claim they can just raise wages without changes in all these other areas.



Franchisees are are hard working people with their entire life's savings tied up in these little businesses. They don't have the freedom to just walk away for something better like the kids that work for them do. Why should their families suffer just so some politician can pander to voters just out of high school.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 20, 2013, 10:23:31 PM
I don't know how I could be making it up. The lowest minimum wage in Canada is $9.95 and McDonald's Canada is highly profitable. It's the same in many other countries.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 20, 2013, 10:28:53 PM
Quote from: "Shen Li"
Quote from: "Romero"I don't know how I could be making it up. The lowest minimum wage in Canada is $9.95 and McDonald's Canada is highly profitable. It's the same in many other countries.

European and Australian franchisees had to become more productive per worker, reduce the number of employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. Obongo doesn`t care if mom and pop businesses go broke, it`s not his life`s savings.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 01:14:54 PM
Quote from: "Shen Li"
Quote from: "Shen Li"
Quote from: "Romero"I don't know how I could be making it up. The lowest minimum wage in Canada is $9.95 and McDonald's Canada is highly profitable. It's the same in many other countries.

European and Australian franchisees had to become more productive per worker, reduce the number of employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. Obongo doesn`t care if mom and pop businesses go broke, it`s not his life`s savings.


Romero is also turning a blind eye to the fact that the poor in the U.S. use fast food as a staple in their diet. If McDonalds were to raise wages and pass that increased cost on to the consumer what does he think it means for the poor?



He doesn't get it because like most progs reality is something to be ignored in favor of their ideology.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 01:31:31 PM
If we give the poor a living wage, they will suffer!



Yeah, right. You lost the argument before it even started. McDonald's pays its workers at least $10/hour in Canada and other countries and still highly profits.



Progressive ideology? The minimum wage was raised three times under George W. Bush, in 2007, 2008 and 2009. It's supposed to increase over the years.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 02:17:32 PM
Quote from: "Romero"If we give the poor a living wage, they will suffer!



Yeah, right. You lost the argument before it even started. McDonald's pays its workers at least $10/hour in Canada and other countries and still highly profits.



Progressive ideology? The minimum wage was raised three times under George W. Bush, in 2007, 2008 and 2009. It's supposed to increase over the years.


$10 an hour is a "living wage"? :lol:  :lol:  :lol:  :lol:  :lol:  :lol: What planet are you on?



For your info dumbass much of the poor that use fast food as a staple may not even have jobs. Many exist on puplic assistance alone. Besides raising consumer costs, raising the minimum wage in the unskilled job sector will reduce the number of jobs and where will that leave the working poor?



Bottom line nitwit, it's not an employer's responsibility to see that an employee receives a "living wage" (whatever that is) nor is it the responsibility of the government. It is up to the individual to find a job that pays more if they cannot make ends meet. You leftard pukes are all the same; responsibility for one's welfare always comes down to someone else's problem.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 02:29:41 PM
If $10/hour isn't a living wage, what's $7.25? Why are we "leftard pukes" for wanting one minimum wage raise when it was okay to raise it three times under a Republican president?



Call me childish names all you want, but you're the one wanting to keep millions of Americans in poverty and hungry.


Quote from: "Renee"Name calling is childish and wrong no matter what the reason.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 04:20:26 PM
Quote from: "Romero"If $10/hour isn't a living wage, what's $7.25? Why are we "leftard pukes" for wanting one minimum wage raise when it was okay to raise it three times under a Republican president?



Call me childish names all you want, but you're the one wanting to keep millions of Americans in poverty and hungry.


Quote from: "Renee"Name calling is childish and wrong no matter what the reason.


Yeah that's exactly what I want :lol: ; enough with the leftard hysterics; as always you are only making yourself look like a smarmy little bitch.



You simply do not get it because you don't understand the situation. Simple economics appears to be beyond your grasp. We've been over this dozens of times and you have been told the same thing by 3 or 4 different people here and still you don't understand. you are obviously beyond any kind of reason. What I want for millions of Americans is for them to get away and out from under minimum wage jobs and into higher paying jobs. Minimum wage jobs are and NEVER were meant to be careers or even a means to support a household. They are starter jobs, kid's jobs, part time employment. Until ways are put in place to bring higher paying manufacturing and industry jobs back to the US poverty rates will NOT improve.



Furthermore you are still ignoring the fact that only 3 or 4% of people making minimum wage are primary breadwinners and most if not all receive government subsides to augment their income. You are doing nothing but playing Chicken Little and in the process looking like a fool.

 

It's funny how people who worked hard to get a head and become somewhat successful don't agree with your far left ideology and the people who sit around and cry "poor me" and expect something for nothing are the first to climb onto your lefty bandwagon. That alone should give you some kind of hint that what you are trying to promote is WRONG.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 04:48:41 PM
Quote from: "Shen Li"
Quote from: "Romero"If we give the poor a living wage, they will suffer!



Yeah, right. You lost the argument before it even started. McDonald's pays its workers at least $10/hour in Canada and other countries and still highly profits.



Progressive ideology? The minimum wage was raised three times under George W. Bush, in 2007, 2008 and 2009. It's supposed to increase over the years.

You keep repeating yourself after it has been clearly explained to you why wages are not the same at every McDonald's franchise all over the world.



One more time, [size=150]Canadian, European and Australian franchisees had to become more productive per worker, reduce the number of employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. [/size]


Forget it, he just repeats himself over and over, that's his M.O.



The funny part is that he get offended because people get pissed at him and call him names. :lol:
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 05:03:15 PM
Quote from: "Renee"Furthermore you are still ignoring the fact that only 3 or 4% of people making minimum wage are primary breadwinners and most if not all receive government subsides to augment their income.

(//%3C/s%3E%3CURL%20url=%22http://deathandtaxesmag.wpengine.netdna-cdn.com/wp-content/uploads/2013/05/chart-minimum-wage-be43a51-450x585.jpg%22%3E%3CLINK_TEXT%20text=%22http://deathandtaxesmag.wpengine.netdna%20...%2050x585.jpg%22%3Ehttp://deathandtaxesmag.wpengine.netdna-cdn.com/wp-content/uploads/2013/05/chart-minimum-wage-be43a51-450x585.jpg%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)



I don't know where you're getting only 3-4% from.



I don't know why you'd rather augment their income with your tax dollars rather than one of the wealthiest corporations in the world.


Quote from: "Shen Li"One more time, [size=150]Canadian, European and Australian franchisees had to become more productive per worker, reduce the number of employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. [/size]

That's what you claim, but I don't see any evidence of it. McDonald's is only expanding in Canada, Europe and Australia, because it's making so much money.



I don't want franchisees making less money. This isn't about that. McDonald's has plenty of money to allow their franchises to pay more. Of course, ultimately the US will have to raise the minimum wage. It's about time since leftard George W. Bush raised it three times. Millions will struggle less and spend more, helping the economy.



There's no doubt that stalling has just made things worse.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 05:06:42 PM
Quote from: "Renee"The funny part is that he get offended because people get pissed at him and call him names. :lol:

Makes ya wonder if he is trolling us a wee bit. Anyway, here's how minimum wage increase work for many small business owners,


QuoteConsider a community based pizza parlor selling 100 pies a day for 360 days at $10 each.  Total revenue is $360,000.  It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000.  Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family.  Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000.  The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker.  So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owner's family, and the one person who loses a job.  There was no net gain in income to increase spending in the community served as every dollar the minimum wage workers received came out of someone else's pocket in the community.
[/quote]
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 05:07:10 PM
Quote from: "Renee"
Quote from: "Shen Li"
Quote from: "Romero"If we give the poor a living wage, they will suffer!



Yeah, right. You lost the argument before it even started. McDonald's pays its workers at least $10/hour in Canada and other countries and still highly profits.



Progressive ideology? The minimum wage was raised three times under George W. Bush, in 2007, 2008 and 2009. It's supposed to increase over the years.

You keep repeating yourself after it has been clearly explained to you why wages are not the same at every McDonald's franchise all over the world.



One more time,
You realize you just quoted Shen Li repeating herself?



Do I sound offended? On the contrary, I love pointing out your hypocrisy! I love the fact that you're incapable of holding an adult discussion. Please, keep 'em coming!
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 05:11:24 PM
QuoteConsider a community based pizza parlor selling 100 pies a day for 360 days at $10 each.  Total revenue is $360,000.  It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000.  Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family.  Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000.  The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker.  So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owner's family, and the one person who loses a job.  There was no net gain in income to increase spending in the community served as every dollar the minimum wage workers received came out of someone else's pocket in the community.

There have been no problems for pizza parlors in countries where the minimum wage is at least $10/hour.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 05:17:38 PM
Quote from: "Romero"
QuoteConsider a community based pizza parlor selling 100 pies a day for 360 days at $10 each.  Total revenue is $360,000.  It employs 10 minimum wage workers earning $7 per hour, working 2000 hours a year, making labor costs $140,000.  Assume rent, utilities, equipment, depreciation, insurance, supplies, licenses, and food costs come to $170,000 per year, leaving a profit of $50,000 for the owner and his/her family.  Raising the minimum wage $1 would raise labor costs by $20,000 (paying more for the same amount of labor) and reduce profit to $30,000.  The owner must either move into a smaller house or raise prices, which reduces the demand for pizza, resulting in the loss of a worker.  So, the full increase in the wage cost of an increase in the minimum wage comes out of the pockets of customers or the owner's family, and the one person who loses a job.  There was no net gain in income to increase spending in the community served as every dollar the minimum wage workers received came out of someone else's pocket in the community.

There have been no problems for pizza parlors in countries where the minimum wage is at least $10/hour.

Jeezuz, I have already shown you at least twice now where there have been problems for the small business owner but I will explain it one last time. [size=200]Canadian, European and Australian franchisees had to become more productive per worker, reduce the number of employees, use automation to replace employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. [/size]



Get it now? Take money out of the owner's pocket and he will have to seek creative ways to recoup his loss of income.



As for the % of Americans making minimum wage this article says it is 3.2% for both genders over the age of 25.

http://www.bls.gov/cps/minwage2011tbls.htm#7
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 05:30:08 PM
Quote from: "Shen Li"Jeezuz, I have already shown you at least twice now where there have been problems for the small business owner but I will explain it one last time. [size=200]Canadian, European and Australian franchisees had to become more productive per worker, reduce the number of employees, use automation to replace employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. [/size]



Get it now? Take money out of the owner's pocket and he will have to seek creative ways to recoup his loss of income.

I would need to see a source other than an opinion piece. I've seen no evidence of it happening.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 05:34:35 PM
Quote from: "Romero"
Quote from: "Shen Li"Jeezuz, I have already shown you at least twice now where there have been problems for the small business owner but I will explain it one last time. http://ei.marketwatch.com/Multimedia/2013/02/21/Photos/MG/MW-AZ530_minimu_20130221102923_MG.jpg?uuid=81ec46d2-7c3b-11e2-b0bc-002128040cf6[/img]

http://www.marketwatch.com/story/raising-the-minimum-wage-is-bad-news-2013-02-22?pagenumber=2
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 05:43:35 PM
Quote from: "Romero"
Quote from: "Renee"Furthermore you are still ignoring the fact that only 3 or 4% of people making minimum wage are primary breadwinners and most if not all receive government subsides to augment their income.

(//%3C/s%3E%3CURL%20url=%22http://deathandtaxesmag.wpengine.netdna-cdn.com/wp-content/uploads/2013/05/chart-minimum-wage-be43a51-450x585.jpg%22%3E%3CLINK_TEXT%20text=%22http://deathandtaxesmag.wpengine.netdna%20...%2050x585.jpg%22%3Ehttp://deathandtaxesmag.wpengine.netdna-cdn.com/wp-content/uploads/2013/05/chart-minimum-wage-be43a51-450x585.jpg%3C/LINK_TEXT%3E%3C/URL%3E%3Ce%3E)



I don't know where you're getting only 3-4% from.


Where did I get it from? From the US Bureau of Labor Statistics and the Census Bureau.



We've been over this and over this before. Please do us all a favor and remove your head from your fucking ass!



 "Just 4 percent of minimum-wage workers are single parents working full-time,"



That statement says that of minimum wage workers, only 4% of of them are primary breadwinners.  



http://www.heritage.org/research/reports/2013/02/who-earns-the-minimum-wage-suburban-teenagers-not-single-parents
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 05:46:29 PM
The link I posted above you confirms your numbers Renee.



Here's the only ways to squeeze more money out of small business owners.
QuoteIt's also possible that McDonald's keeps its prices down overseas by squeezing more productivity out of its workers. Researchers studying the impact of minimum wage increases on American fast food chains in the Deep South have found that while restaurants mostly cope by their raising prices, they also respond by handing their employees more responsibility. It stands to reason that in places like Europe and Australia, managers have found ways to get more mileage out of their staff as well.



Or if not, they've at least managed to replace a few of them with computers. As Michael Schaefer, an analyst with Euromonitor International, told me, fast food franchises in Europe have been some of the earliest adopters of touchscreen kiosks that let customers order without a cashier. As always, the peril of making employees more expensive is that machines become cheaper in comparison.



Finally, McDonald's has also helped its bottom line abroad by experimenting with higher margin menu items while trying to court more affluent customers. Way back in 1993, for instance, Australia became home to the first McCafe coffee shops, which sell highly profitable espresso drinks. During the last decade, meanwhile, the company gave its European restaurants a designer make-over and began offering more localized menus meant to draw a higher spending crowd.



So if President Obama waved a magic wand tomorrow and raised the minimum wage to $10 or $15, does this all mean that U.S. fast food chains would be able to cope? "Were that to happen overnight, it would be a hugely traumatic process," Schaefer told me. After all, virtually every fast food franchise in the country would have to rethink its business model as their profits evaporated. But as the international market shows, the models are out there. It would certainly mean more expensive burgers. It would almost definitely mean fewer workers, as restaurants found ways to streamline their staffs, either through better management or technology. And it might mean fewer chains catering to the bottom of the market.

http://www.theatlantic.com/business/archive/2013/08/the-magical-world-where-mcdonalds-pays-15-an-hour-its-australia/278313/
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 05:53:47 PM
Quote from: "Romero"
Quote from: "Shen Li"Jeezuz, I have already shown you at least twice now where there have been problems for the small business owner but I will explain it one last time. [size=200]Canadian, European and Australian franchisees had to become more productive per worker, reduce the number of employees, use automation to replace employees, sell more expensive menu items plus raise their prices to accommodate higher wage costs and so will American franchisees. [/size]



Get it now? Take money out of the owner's pocket and he will have to seek creative ways to recoup his loss of income.

I would need to see a source other than an opinion piece. I've seen no evidence of it happening.


Yeah, business owners just love to lose profits thru increased costs. They would never ever dream of finding ways to offset their loses.  :lol:



Are you serious or just stupid?
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 06:02:29 PM
Quote from: "Romero"
Quote from: "Renee"
Quote from: "Shen Li"
You keep repeating yourself after it has been clearly explained to you why wages are not the same at every McDonald's franchise all over the world.



One more time,
You realize you just quoted Shen Li repeating herself?



Do I sound offended? On the contrary, I love pointing out your hypocrisy! I love the fact that you're incapable of holding an adult discussion. Please, keep 'em coming!


Really; you're not offended? Then stop crying about being called names when you act like a jackass.



I you want me to continue to make you look like a bleeding heart fool without punctuating my efforts it with appropriate labels for your stupidity, then fine. I can make you look dumb enough without have to come right out and say it.  It's that much less I have to type.



BTW it's impossible to have an adult conversation with someone who just repeats himself over and over again. It makes about as much sense as arguing with a parrot.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 06:10:02 PM
The name calling aside, I would like to know how Romero as a franchisee or micro business owner would react to wages being arbitrarily raised by 20% by people who have no stake in your success. I know he would innovate as Mickey D's franchisees in other countries have been forced to do.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 06:21:45 PM
"It is well known among economists and lawmakers that a higher minimum wage

leads to job losses, and the economic evidence supporting this conclusion is outlined

below. But it is also important to focus on exactly who suffers job loss following

a minimum wage hike. Recent research18 strongly suggests job loss is concentrated

among low-skilled adults."



http://www.epionline.org/studies/epi_minimumwage_05-1997.pdf



The above PDF deals with data from 1999 but the same applies to today. The economic effects of raising the minimum wage have not changed over time.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 06:23:39 PM
Quote from: "Shen Li"The name calling aside, I would like to know how Romero as a franchisee or micro business owner would react to wages being arbitrarily raised by 20% by people who have no stake in your success. I know he would innovate as Mickey D's franchisees in other countries have been forced to do.


Oh, he would just happily comply and eat the loss because that's the kind of guy he is.  :lol:
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 06:26:45 PM
Quote from: "Renee"Really; you're not offended? Then stop crying about being called names when you act like a jackass.

Crying? Try laughing, H.R. Pufnstuf.



You know what you always say about others using childish insults. You just keep forgetting that you're one of them. :)
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 21, 2013, 06:38:33 PM
Quote from: "Shen Li"http://www.bls.gov/cps/minwage2011tbls.htm#7

Quote from: "Renee"http://www.heritage.org/research/reports/2013/02/who-earns-the-minimum-wage-suburban-teenagers-not-single-parents

Hey, these stats don't include 19-24 year olds. That's a lot of adults left out.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 06:54:30 PM
Quote from: "Romero"
Quote from: "Shen Li"http://www.bls.gov/cps/minwage2011tbls.htm#7

Quote from: "Renee"http://www.heritage.org/research/reports/2013/02/who-earns-the-minimum-wage-suburban-teenagers-not-single-parents

Hey, these stats don't include 19-24 year olds. That's a lot of adults left out.


See chart 1. Age Distribution of Minimum Wage Workers.

 

"Minimum-wage workers under 25 are typically not their family's sole breadwinners. Rather, they tend to live in middle-class households that do not rely on their earnings. Generally, they have not finished their schooling and are working part-time jobs. Over three-fifths of them (62 percent) are currently enrolled in school.[5] These workers represent the largest group that would benefit directly from a higher minimum wage, provided they kept or could find a job"



 :lol: :?
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 21, 2013, 06:57:30 PM
Quote from: "Romero"
Quote from: "Renee"Really; you're not offended? Then stop crying about being called names when you act like a jackass.

Crying? Try laughing, H.R. Pufnstuf.



You know what you always say about others using childish insults. You just keep forgetting that you're one of them. :)


When I insult you Romero it's not childish, Those insults are statements of fact.  :lol:
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 21, 2013, 10:09:00 PM
Quote from: "Renee"
Quote from: "Romero"
Quote from: "Shen Li"http://www.bls.gov/cps/minwage2011tbls.htm#7

Quote from: "Renee"http://www.heritage.org/research/reports/2013/02/who-earns-the-minimum-wage-suburban-teenagers-not-single-parents

Hey, these stats don't include 19-24 year olds. That's a lot of adults left out.


See chart 1. Age Distribution of Minimum Wage Workers.

 

"Minimum-wage workers under 25 are typically not their family's sole breadwinners. Rather, they tend to live in middle-class households that do not rely on their earnings. Generally, they have not finished their schooling and are working part-time jobs. Over three-fifths of them (62 percent) are currently enrolled in school.[5] These workers represent the largest group that would benefit directly from a higher minimum wage, provided they kept or could find a job"



 :lol: :?

Renee, I think you have more than adequately made your point that very, very few workers making minimum wage are the family's sole breadwinner. I think we have both shown that you can't just raise wages 30% or more without corresponding changes in the way you operate your small business.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 09:00:41 AM
Opening and running a little business like a restaurant, self serve food stand or a bakery costs a lot of money and they have a high probability of failing..



Their owners work long hours, often risking everything and some make next to no money after expenses including salaries..



I worked for five years in a Chinese restaurant and on weekends I frequently made as much if not more than the owners with my tips..



I want to see everyone have enough money to support themselves, but that includes these little entrepreneurs too..



I have often thought of starting a small business like that, but I cannot risk my family's security.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 12:34:29 PM
Quote from: "Shen Li"
Quote from: "Renee"
Quote from: "Romero"


Hey, these stats don't include 19-24 year olds. That's a lot of adults left out.


See chart 1. Age Distribution of Minimum Wage Workers.

 

"Minimum-wage workers under 25 are typically not their family's sole breadwinners. Rather, they tend to live in middle-class households that do not rely on their earnings. Generally, they have not finished their schooling and are working part-time jobs. Over three-fifths of them (62 percent) are currently enrolled in school.[5] These workers represent the largest group that would benefit directly from a higher minimum wage, provided they kept or could find a job"



 :lol: :?

Renee, I think you have more than adequately made your point that very, very few workers making minimum wage are the family's sole breadwinner. I think we have both shown that you can't just raise wages 30% or more without corresponding changes in the way you operate your small business.


I feel we have done a more than adequate job as well. But unfortunately Romero will more than likely still come back with some leftard driven emotional nonsense demonizing business owners and people like you and I who understand what this issue is all about.

 

People like him never give up. They know that if they can keep at it with the same old emotionally driven lies defending the need for government involvement in defense of the poor they can win popular opinion. The reality is that they care not for the plight of minimum wage works as much as they just want to raise the minimum wage for the sake of the additional tax revenue that they think it will bring. It's all about raking in more payroll tax money so they can expand the ever reaching tendrils of the government God they live for and worship.



The proof in the fact that they are just looking for additional tax revenue is in this "living wage" buzz term that they throw around all the time. Anyone knows that minimum wage is not even close to a "living wage" unless you raise it far beyond what minimum wage labor is worth. His entire argument is all one big lie designed to fool stupid people (liberals) who don't know any better.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 12:47:27 PM
Quote from: "Renee"I feel we have done a more than adequate job as well. But unfortunately Romero will more than likely still come back with some leftard driven emotional nonsense demonizing business owners and people like you and I who understand what this issue is all about.

 

People like him never give up. They know that if they can keep at it with the same old emotionally driven lies defending the need for government involvement in defense of the poor they can win popular opinion. The reality is that they care not for the plight of minimum wage works as much as they just want to raise the minimum wage for the sake of the additional tax revenue that they think it will bring. It's all about raking in more payroll tax money so they can expand the ever reaching tendrils of the government God they live for and worship.

Two things on this issue Renee. First is that both parties involved are not wealthy. Neither fast food operators nor the kids working for them are rolling in dough. Difference is that the 19 year old first year uni student working part time didn't have to take out a second mortgage on his/her home to get his micro enterprise off the ground. He/she can just walk away at any time for greener pastures or for any other reason he/she can think of. The owner of the store does not have that option yet they are the ones being thrown under the bus by wealthy leftists and their bought and paid for politician stooges(Obongo).



Secondly, I agree with you about taxes. Politicians both left and right crave power. Taking away people's disposable income and giving it to allies keeps the power(decision making) out of your enemies hands and transfers it to your allies. Your suggesting it is ALL about revenue and while I will NOT deny government craves revenue they crave it for reasons of power....buying votes to stay in power. This is why I no longer think North American style democracy is the best form of governing. It's about pandering and self-interest.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 01:34:04 PM
Quote from: "Renee"But unfortunately Romero will more than likely still come back with some leftard driven emotional nonsense demonizing business owners and people like you and I who understand what this issue is all about.

I haven't demonized business owners or you or Shen. So dramatic! We're just having a discussion.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 01:47:42 PM
Quote from: "Romero"
Quote from: "Renee"But unfortunately Romero will more than likely still come back with some leftard driven emotional nonsense demonizing business owners and people like you and I who understand what this issue is all about.

I haven't demonized business owners or you or Shen. So dramatic! We're just having a discussion.

Dude, I never took it personal ffs!! I know when you and I tangle we try not to let it degenerate into an EU- style junior high attack fest. That shit is hard for any adult to read. If every discussion here comes to that I'm looking for another place to hang my thoughts.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 01:51:19 PM
I know. It was Renee who said I was demonizing. I don't know where she's seeing that.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 01:52:31 PM
Quote from: "Romero"
Call me childish names all you want, but you're the one wanting to keep millions of Americans in poverty and hungry.


So accusing me of wanting to keep Americans poor and hungry isn't demonization?  :lol:



I guess in your mind because you fell short of accusing me of wanting to murder the poor you are not trying to demonize me.  :lol:



I guess your constant squawking about how greedy and unfeeling McDonalds corporate is should not be considered demonization as well?  :lol:



And you wonder why I go out of my way to call you a dumbass; you fucking deserve it.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 02:02:12 PM
Quote from: "Renee"So accusing me of wanting to keep Americans poor and hungry isn't demonization?  :lol:

Not really. You've said worse than that. And I certainly haven't demonized business owners or Shen Li.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 02:36:59 PM
Quote from: "Romero"
Quote from: "Renee"So accusing me of wanting to keep Americans poor and hungry isn't demonization?  :lol:

Not really. You've said worse than that. And I certainly haven't demonized business owners or Shen Li.


Nice try you lying leftard weasel but accusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfare is an attempt at demonization in anyone's book.



BTW, please show me where I said anything worse than what you recently accused me of. And it had better be a serious statement and NOT some obscure passage where I was making a joke.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 02:49:45 PM
Quote from: "Renee"
Quote from: "Romero"
Quote from: "Renee"So accusing me of wanting to keep Americans poor and hungry isn't demonization?  :lol:

Not really. You've said worse than that. And I certainly haven't demonized business owners or Shen Li.


Nice try you lying leftard weasel but accusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfare is an attempt at demonization in anyone's book.



BTW, please show me where I said anything worse than what you recently accused me of. And it had better be a serious statement and NOT some obscure passage where I was making a joke.

Both the kids working fast food and the franchisees are pawns being used by slimebucket politicians and rich, influential NGO's.
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on November 22, 2013, 02:53:34 PM
Quoteaccusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfar
That's right out of the Obamation playbook .... he gets his lines from their associate's websites and parrots them like a good little socialist



The First Democrat & the birth of his party
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 02:55:17 PM
Quote from: "Renee"Nice try you lying leftard weasel but accusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfare is an attempt at demonization in anyone's book.



BTW, please show me where I said anything worse than what you recently accused me of. And it had better be a serious statement and NOT some obscure passage where I was making a joke.

Oh, I know! You can insult and name call whenever you want, but when somebody else does it you're suddenly all offended.



Worse? Click on your handle, then "Search user's posts", and there they are!



Oh, but you're always just "joking" and "making an observation". It's different when you do it!
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 02:59:29 PM
Quote from: "cc li tarte"
Quoteaccusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfar
That's right out of the Obamation playbook .... he gets his lines from their associate's websites and parrots them like a good little socialist



The First Democrat & the birth of his party


You mean Saul Alinsky's rules for radicals.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 03:06:35 PM
Quote from: "Renee"
Quote from: "cc li tarte"
Quoteaccusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfar
That's right out of the Obamation playbook .... he gets his lines from their associate's websites and parrots them like a good little socialist



The First Democrat & the birth of his party


You mean Saul Alinsky's rules for radicals.

We have politicians parroting that multi-billionaire funded big NGO bullshit too. Truly sickening!!
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 03:08:02 PM
Quote from: "Romero"
Quote from: "Renee"Nice try you lying leftard weasel but accusing someone or an organization of wanting to starve the poor and keep them living in poverty or putting profits over their welfare is an attempt at demonization in anyone's book.



BTW, please show me where I said anything worse than what you recently accused me of. And it had better be a serious statement and NOT some obscure passage where I was making a joke.

Oh, I know! You can insult and name call whenever you want, but when somebody else does it you're suddenly all offended.



Worse? Click on your handle, then "Search user's posts", and there they are!



Oh, but you're always just "joking" and "making an observation". It's different when you do it!


Oh Romero the difference is I've never accused you of being anything but "stupid'. Am I the only one who ever did that to you?  :lol:



The truth is I may have called you names but I never went so far as to claim that you wished harm on anyone else. I never accused you of some heinous crime against humanity now have I?



Now stop all the butt hurt and stop trying to compare my calling you a dumbass to you trying to make me out to be some kind of an evil menace to the poor and the needy.  :roll:
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on November 22, 2013, 03:10:56 PM
I'm giving odds on whether he gets it or not  .... very long on "gets it"
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 03:37:50 PM
Quote from: "Renee"Oh Romero the difference is I've never accused you of being anything but "stupid'. Am I the only one who ever did that to you?  :lol:



The truth is I may have called you names but I never went so far as to claim that you wished harm on anyone else. I never accused you of some heinous crime against humanity now have I?



Now stop all the butt hurt and stop trying to compare my calling you a dumbass to you trying to make me out to be some kind of an evil menace to the poor and the needy.  :roll:

Uh huh. Wanna bet who can go the longest without insulting or name calling each other?
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 03:40:44 PM
Quote from: "Romero"
Quote from: "Renee"Oh Romero the difference is I've never accused you of being anything but "stupid'. Am I the only one who ever did that to you?  :lol:



The truth is I may have called you names but I never went so far as to claim that you wished harm on anyone else. I never accused you of some heinous crime against humanity now have I?



Now stop all the butt hurt and stop trying to compare my calling you a dumbass to you trying to make me out to be some kind of an evil menace to the poor and the needy.  :roll:

Uh huh. Wanna bet who can go the longest without insulting or name calling each other?

I will give you odds right now that I will NOT be the winner.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 03:46:52 PM
Quote from: "Romero"
Quote from: "Renee"Oh Romero the difference is I've never accused you of being anything but "stupid'. Am I the only one who ever did that to you?  :lol:



The truth is I may have called you names but I never went so far as to claim that you wished harm on anyone else. I never accused you of some heinous crime against humanity now have I?



Now stop all the butt hurt and stop trying to compare my calling you a dumbass to you trying to make me out to be some kind of an evil menace to the poor and the needy.  :roll:

Uh huh. Wanna bet who can go the longest without insulting or name calling each other?


Sure, what shall we bet?
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 03:49:04 PM
We could just keep it simple with bragging rights.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 03:50:16 PM
Quote from: "Romero"We could just keep it simple with bragging rights.


You're on. I can agree to that.
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on November 22, 2013, 03:50:33 PM
Quotestop trying to compare my calling you a dumbass to you trying to make me out to be some kind of an evil menace to the poor and the needy
The "Not getting it" betters, if any exist, can collect their winnings ....... it paid paid .01 on the dollar
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 03:50:51 PM
It's on!
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 04:00:27 PM
Quote from: "Romero"It's on!

I am not in the ring, we all understand that right? I tapped out. OK, I wussed out of this challenge.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 22, 2013, 04:07:32 PM
Understood!
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 04:15:30 PM
^^Hard to say who I would put my money on if I was in Vegas. It'll be a close match IMO.
Title: Re: Impossible to even comprehend these numbers....
Post by: Renee on November 22, 2013, 04:27:46 PM
Quote from: "Shen Li"
Quote from: "Romero"It's on!

I am not in the ring, we all understand that right? I tapped out. OK, I wussed out of this challenge.


No problem.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 22, 2013, 06:20:18 PM
Quote from: "Romero"It's on!

This like the Seinfeld episode where they bet who could go the longest without masturbating.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 24, 2013, 03:12:55 PM
QuoteI think we can all agree that 2010 wasn't the best of years. After all, unemployment at midyear was still bordering on 10 percent, home foreclosures were at a record high, and profits per employee at US corporations only rose 24 percent. Now, go back and read that last one again. As it happens, U.S. corporations were on their way to record profits in 2010, raking in more money at the same time as they were cutting both staff and benefits.



Think that's a fluke? Profits per employee jumped another 22 percent in 2011. That's as layoffs reached record heights and 312,000 jobs were eliminated. The year 2011 also marked another record year of profits for U.S. companies. Not only did Fortune 500 corporations pocket a record $824.5 billion, they generated earnings at a rate 23 percent percent higher than the historical average. By the end of that year, Apple alone had $76 billion in the bank, after generating a profit amounting to half a million dollars per employee.



The most shameful thing out of all these numbers may be this: Walmart could quite easily afford to pay its workers a living wage.  It could do so without threatening its ability to operate. It could do so without slowing its relentless expansion. It could do so without residing its prices one dime. Walmart has ample ability to pay its workers more, because it's not just profitable, it's massively profitable.



If Walmart were to pay all of its employees a living wage—not a poverty rate, but something more like the $45k average that Costco workers earn—if it did that, Walmart's corporate profits would have declined last year from $17 billion, to a mere $12.5 billion.



But this isn't just a Walmart story, it's an American story. Not so long ago, American corporations accepted the idea that they had obligations to their stockholders, but also to their workers and the communities where they did business. They understood that profit was a tool, a fuel that powered the corporation to achieve its goals. But now profit is the goal. It's been fetishized beyond all reason. Many people will even tell you that there's a law requiring companies to generate as much profit as possible. There is no such law. There never was. And the only thing more insane than believing that such a harmful law might exist, is that many seem to think it's a good idea.



//http://www.dailykos.com/story/2013/11/24/1257618/-No-thanks-to-Walmart
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 24, 2013, 03:21:29 PM
Strong corporate profits? Thank Asia, not Obongo's struggling US economy.
QuoteIndustrial, financial and media conglomerate General Electric ge said Friday its fourth-quarter profit rose 4% on strong global demand, and it reaffirmed its outlook for 2008.



For the quarter ended Dec. 31, net income rose to $6.7 billion, or 66 cents a share, from $6.44 billion, or 62 cents a share, a year ago. Earnings from continuing operations totaled 68 cents a share, up from 58 cents.



Revenue rose 18% to $48.59 billion.



Profit met the consensus estimate of analysts surveyed by Thomson Financial, while revenue topped Wall Street's outlook of $47.28 billion. GE had forecast a quarterly profit of 67 cents to 69 cents a share.



The company said more than half of its revenue now comes from outside the USA, helping to cushion GE from a possible U.S. recession.



"Clearly foreign operations delivered the bulk of the strength in the quarter, I think that's a seminal event," said Tim Ghriskey, chief investment officer at Solaris Asset Management. "It also indicates there is weakness on the domestic side."

http://abcnews.go.com/Business/story?id=4161822
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on November 24, 2013, 03:28:07 PM
Struggling US economy? Corporate profits and stock markets are at record highs. The 1% has been doing better than ever in American history.



Socialism! Corporate socialism.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on November 24, 2013, 04:05:12 PM
QuoteThe U.S. economy is still struggling

https://theweek.com/article/index/252500/dont-be-fooled-by-gdp-growth-the-us-economy-is-still-struggling

The US economy is in trouble and consumers are not spending more. American corporations and other businesses owe their profits to places like China. Punishing them for their overseas success is akin to rewarding their Asian competiton. A very stupid thing to do.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on July 03, 2014, 05:04:44 PM
QuoteStates That Raised Their Minimum Wages Are Experiencing Faster Job Growth



Think a higher minimum wage is a job killer? Think again: The states that raised their minimum wages on January 1 have seen higher employment growth since then than the states that kept theirs at the same rate.



The minimum wage went up in 13 states — Arizona, Connecticut, Colorado, Florida, Missouri, Montana, New Jersey, New York, Ohio, Oregon, Rhode Island, Vermont, and Washington. The average change in employment for those states over the first five months of the year as compared with the last five of 2013 is .99 percent, while the average for all remaining states is .68 percent.



All but one of those states are experiencing increases in employment, and nine of them have seen growth above the median rate.



Massachusetts went the furthest, raising its wage to $11 by 2017, but three — Hawaii, Maryland, and Connecticut — passed the $10.10 minimum wage being pushed at the federal level by Democrats and Vermont increased its wage to $10.50. And some cities have gone even further, with Seattle enacting a $15 minimum wage.



Progress in raising the entire country's minimum wage has stalled, though. Republicans blocked a bill that would have increased it to $10.10 an hour.



//http://thinkprogress.org/economy/2014/07/03/3456393/minimum-wage-state-increase-employment/

QuoteDow Tops 17,000 For First Time After Positive Jobs Report



Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected.



Both the Dow and S&P 500 ended at their third consecutive record highs. The Nasdaq ended at its highest since 2000 and rose for a third straight week. The three major indexes wrapped up a week of solid gains on the day before the Independence Day holiday, when the U.S. stock market will be closed.



The U.S. economy added 288,000 jobs in June, racing past the 212,000 that economists had expected. The U.S. unemployment rate fell to 6.1 percent, the lowest since September 2008.



//http://www.huffingtonpost.com/2014/07/03/dow-jones-17000_n_5555751.html?1404414804
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on July 03, 2014, 05:31:53 PM
Eggs Actly.



Stock Market 101 - When economic prospects are bad, businesses invest in stocks rather than in expansion = reduced employment and reduced contribution to country's economy.



For the very same reason that markets were high in summer of 2008 (and we all know what happened in September), they are high now = country's economy not looking good at either time.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on July 03, 2014, 06:31:27 PM
Quote from: "cc li tarte"Eggs Actly.



Stock Market 101 - When economic prospects are bad, businesses invest in stocks rather than in expansion = reduced employment and reduced contribution to country's economy.

Hmm. According to the article, stocks are up because employment is up and there is confidence in the economy.
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on July 03, 2014, 07:44:07 PM
"According to the article" ... huffpoo, lol



Total employed ... the only number that matters  is at 45 year record low - Index is gives a false impression for the suckers as it is meaningless ... does not include those who gave up looking



huffpoo & all of O's minion press like to quote the official  monthly unemployment Index # as it does not tell / hides  how few actually work today



You are aware that the first quarter +1 (not good) GDP initially put out by his minions has been corrected and is now officially -3 .. .that's not -0.3 .. .its -3.0 ... = really really really  really really  bad  ... = businesses do not expand = why the market is so high ... so wtf BS  is huffpoo & yoo trying to sell us?



As I said - Market usually trends opposite to economic conditions  .. see Market 101 above
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on July 03, 2014, 08:07:12 PM
U.S. Economy Shrank in First Quarter by Most in Five Years

http://www.bloomberg.com/news/2014-06-25/economy-in-u-s-shrank-in-first-quarter-by-most-in-five-years.html
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on July 03, 2014, 08:08:41 PM
Quote from: "seoulbro"U.S. Economy Shrank in First Quarter by Most in Five Years

http://www.bloomberg.com/news/2014-06-25/economy-in-u-s-shrank-in-first-quarter-by-most-in-five-years.html
Eggs Actly - so wtf are O's lowly  slaves trying to feed  us?



No damned wonder business is selling physical assets (= fewer working) and  putting its money in the market
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on July 03, 2014, 08:11:04 PM
If we are giving Barack Obama credit for the Dow Jones rise then shouldn't we also give credit to Stephen Harper for the near record high of the TSE?



TSX nears its record high as energy, bank shares rise

https://ca.finance.yahoo.com/news/futures-indicate-lower-start-week-112216395--finance.html



My point being that in both cases, neither leader should be given credit for something they had little if anything to do with.
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on July 03, 2014, 08:13:39 PM
Actually, the success (or not) of their  leadership does affect it ... mainly on the US side .. as .. bad economy = high US market prices



TSX most ALWAYS follows the DOW trend no matter what economic conditions are here .... so mostly reflects little about what happens  here.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on July 03, 2014, 08:31:41 PM
Quote from: "cc li tarte"huffpoo & all of O's minion press like to quote the official  monthly unemployment Index # as it does not tell / hides  how few actually work today



You are aware that the first quarter +1 (not good) GDP initially put out by his minions has been corrected and is now officially -3 .. .that's not -0.3 .. .its -3.0 ... = really really really  really really  bad  ... = businesses do not expand = why the market is so high ... so wtf BS  is huffpoo & yoo trying to sell us?

"Huffpoo" and "O's minion press", and everyone else quotes the official unemployment index because it's the official unemployment index.



The 1st quarter was down because of the harsh winter. That's according to business leaders. It'll be back up in the 2nd.


QuoteWith all the hoopla over the Dow topping 17,000 out of the way, the market's next focus will be whether the fast-approaching earnings season can justify U.S. stocks continuing their climb further into record territory.



Many factors point to a second-quarter earnings season poised to surprise substantially to the upside, with an outside chance that profits for S&P 500 .SPX companies could return to double-digit growth for the first time in nearly three years.



On the heels of Thursday's strong U.S. employment report, some economists have begun talking up prospects for a 4.0 percent annual growth rate in gross domestic product for the April-through-June period, a dramatic snap back from the first quarter's contraction of 2.9 percent.



"It's a strong report that capped off a strong quarter. Everything in the report points to 4 percent growth in the second quarter," said Stuart Hoffman, chief economist at PNC Financial Services in Pittsburgh, referring to the jump in June's nonfarm payrolls.



Analysts polled by Reuters are calling for earnings growth for the second quarter of 6.2 percent, and a return to double digits in the third and fourth quarters: 10.9 percent and 11.9 percent, respectively.



//http://www.reuters.com/article/2014/07/03/us-usa-stocks-weekahead-idUSKBN0F82AA20140703

I'm not trying to sell anything. My only points were states that raised minimum wages saw faster job growth, and the DOW has hit a new record due to job growth.



Regardless of how much you dislike my sources, it's still the truth. Raising the minimum wage in many states has not hurt employment, profits or stocks. Quite the opposite. The economy is actually doing better.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on July 03, 2014, 08:36:32 PM
Quote from: "cc li tarte"Actually, the success (or not) of their  leadership does affect it ... mainly on the US side .. as .. bad economy = high US market prices



TSX most ALWAYS follows the DOW trend no matter what economic conditions are here .... so mostly reflects little about what happens  here.

For Canada, one of the drivers is the insurgency in Iraq driving up the price of North Sea Brent crude.



In the case of the US, this is the weakest post recession recovery in it's history. Five years after the recession ended they still have not experienced a whole year of higher growth, somewhere in the three plus per cent range.
Title: Re: Impossible to even comprehend these numbers....
Post by: cc on July 04, 2014, 01:13:02 AM
Quotethis is the weakest post recession recovery in it's history. Five years after the recession ended they still have not experienced a whole year of higher growth
Yup!!



& Strange how every quarter drops / gets corrected  about 4 % as it goes from initial official posting to 3 months later.



Coincidence, for sure



 :roll:
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on July 04, 2014, 02:14:20 AM
President Obama has presided over the weakest post-recession jobs recovery in history.  The economy isn't growing fast enough to help the nearly 10 million unemployed Americans, and the discouraging jobs picture has caused hundreds of thousands to simply give up looking for work.  



If it wasn't for the fact that the Republicans have had control of congress for the past three years the economy there would have been no growth at all.



The Republican house has approved numerous bills that have laid a foundation for sustainable recovery despite Obama's lack of leadership on the economy.
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on February 19, 2015, 02:41:47 PM
QuoteWalmart CEO Says Increased Wages Are Good For Business



On Thursday, Walmart announced that it would raise all employees' base wages to at least $10 an hour by next year as well as increasing pay at other levels.



CEO Doug McMillon may have surveyed the existing research to come to the conclusion that higher pay can increase employee retention and productivity. A recent survey of research from two economists found that raises at major American companies increase productivity and performance, enhance customer service, reduce turnover, and attract better job candidates. One study they looked at even found that more than half the cost of higher wages can be offset through these improvements. A different economist has also found that companies benefit from improved efficiency because they can ask employees to work harder and that higher wages make it easier to recruit and retain workers.



And a recent study of another low-wage industry, fast food, concluded it could absorb a minimum wage increase to $15 an hour through reduced turnover, higher prices, and greater economic growth.



Walmart's sales could increase another way after its workers' wages go up: those workers will have more money to spend on the company's own products. Giving raises to low-income workers in particular tends to pump money directly back into the economy because they spend it, increasing demand by billions. Walmart's workers, even at a higher wage, would still fall into that group.



Walmart isn't the only company wagering that higher pay will bring rewards. Last year, the Gap decided to increase its lowest wages to $10 an hour to attract better job candidates, which has already played out. IKEA also decided to increase average pay to $10.76 an hour. And earlier this year, insurance company Aetna announced that it would raise pay at the bottom of its wage scale to $16 an hour to reduce turnover and and improve performance.



//http://thinkprogress.org/economy/2015/02/19/3624818/walmart-minimum-wage-sales/
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on February 19, 2015, 03:45:05 PM
Quote from: "Romero"
QuoteWalmart CEO Says Increased Wages Are Good For Business



On Thursday, Walmart announced that it would raise all employees' base wages to at least $10 an hour by next year as well as increasing pay at other levels.



CEO Doug McMillon may have surveyed the existing research to come to the conclusion that higher pay can increase employee retention and productivity. A recent survey of research from two economists found that raises at major American companies increase productivity and performance, enhance customer service, reduce turnover, and attract better job candidates. One study they looked at even found that more than half the cost of higher wages can be offset through these improvements. A different economist has also found that companies benefit from improved efficiency because they can ask employees to work harder and that higher wages make it easier to recruit and retain workers.



And a recent study of another low-wage industry, fast food, concluded it could absorb a minimum wage increase to $15 an hour through reduced turnover, higher prices, and greater economic growth.



Walmart's sales could increase another way after its workers' wages go up: those workers will have more money to spend on the company's own products. Giving raises to low-income workers in particular tends to pump money directly back into the economy because they spend it, increasing demand by billions. Walmart's workers, even at a higher wage, would still fall into that group.



Walmart isn't the only company wagering that higher pay will bring rewards. Last year, the Gap decided to increase its lowest wages to $10 an hour to attract better job candidates, which has already played out. IKEA also decided to increase average pay to $10.76 an hour. And earlier this year, insurance company Aetna announced that it would raise pay at the bottom of its wage scale to $16 an hour to reduce turnover and and improve performance.



//http://thinkprogress.org/economy/2015/02/19/3624818/walmart-minimum-wage-sales/

I heard about it. You can thank the dividend from lower fuel prices for this. Specifically, you can thank your pals at OPEC.  :howdy:
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on February 19, 2015, 03:50:03 PM
Quote from: "Obvious Li"n their November Wall Street Journal article, writers Chris Cox and Bill Archer explain the lack of knowledge about the unfunded liabilities as:



The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.



Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet.



To be sure, the nation's fiscal problems are a bi-partisan issue, caused by years of buying votes among specific constituencies. As a result, those constituencies are now entitled to the benefits which have yet to be paid for.



Today, while those politicians wrestle with Obama's self-induced sequestration deal, (which slashes defense spending while barely nibbling at the fat that has become the national budget), no one wants to deal with the real issue at hand: Politicians in Washington have enslaved future generations with the costs of various entitlement programs.



Perhaps it's time we raise it to their attention–seriously.

BTW handsome, we were talking to a couple from the Seattle area about this very thing down in Vegas. He was no fan of Obongo, but he also didn't give the GOP any credit for addressing this issue. Starting around 2020, it will be virtually impossible for any US prez/congress to stop the deficit from growing rapidly without touching unfunded liabilities. We have a similar problem too, but for the US it is mindboggling.
Title: Re: Impossible to even comprehend these numbers....
Post by: Obvious Li on February 20, 2015, 06:25:13 PM
Quote from: "Shen Li"
Quote from: "Obvious Li"n their November Wall Street Journal article, writers Chris Cox and Bill Archer explain the lack of knowledge about the unfunded liabilities as:



The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.



Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet.



To be sure, the nation's fiscal problems are a bi-partisan issue, caused by years of buying votes among specific constituencies. As a result, those constituencies are now entitled to the benefits which have yet to be paid for.



Today, while those politicians wrestle with Obama's self-induced sequestration deal, (which slashes defense spending while barely nibbling at the fat that has become the national budget), no one wants to deal with the real issue at hand: Politicians in Washington have enslaved future generations with the costs of various entitlement programs.



Perhaps it's time we raise it to their attention–seriously.

BTW handsome, we were talking to a couple from the Seattle area about this very thing down in Vegas. He was no fan of Obongo, but he also didn't give the GOP any credit for addressing this issue. Starting around 2020, it will be virtually impossible for any US prez/congress to stop the deficit from growing rapidly without touching unfunded liabilities. We have a similar problem too, but for the US it is mindboggling.




i have to agree...the system is now feeding on itself and it really matters naught who is in power...i firmly believe there will be a worldwide collapse of all economies...i cannot see how it can be averted.....some more strident commentators predict it will lead to WW3.....i am not sure........personally i think they should just cancel all debt worldwide and start over at zero.....devalue the currency and get on with it
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on February 20, 2015, 08:02:27 PM
Quote from: "Obvious Li"
i have to agree...the system is now feeding on itself and it really matters naught who is in power...i firmly believe there will be a worldwide collapse of all economies...i cannot see how it can be averted.....some more strident commentators predict it will lead to WW3.....i am not sure........personally i think they should just cancel all debt worldwide and start over at zero.....devalue the currency and get on with it

I read an article before calling for all countries to cancel their debts. However, what would happen people's retirements and investments? I'm an engineer not an economist, but I cannot see this happening without inflicting pain, pain and more pain.
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on February 21, 2015, 08:59:29 AM
Quote from: "Obvious Li"
Quote from: "Shen Li"
Quote from: "Obvious Li"n their November Wall Street Journal article, writers Chris Cox and Bill Archer explain the lack of knowledge about the unfunded liabilities as:



The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.



Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet.



To be sure, the nation's fiscal problems are a bi-partisan issue, caused by years of buying votes among specific constituencies. As a result, those constituencies are now entitled to the benefits which have yet to be paid for.



Today, while those politicians wrestle with Obama's self-induced sequestration deal, (which slashes defense spending while barely nibbling at the fat that has become the national budget), no one wants to deal with the real issue at hand: Politicians in Washington have enslaved future generations with the costs of various entitlement programs.



Perhaps it's time we raise it to their attention–seriously.

BTW handsome, we were talking to a couple from the Seattle area about this very thing down in Vegas. He was no fan of Obongo, but he also didn't give the GOP any credit for addressing this issue. Starting around 2020, it will be virtually impossible for any US prez/congress to stop the deficit from growing rapidly without touching unfunded liabilities. We have a similar problem too, but for the US it is mindboggling.




i have to agree...the system is now feeding on itself and it really matters naught who is in power...i firmly believe there will be a worldwide collapse of all economies...i cannot see how it can be averted.....some more strident commentators predict it will lead to WW3.....i am not sure........personally i think they should just cancel all debt worldwide and start over at zero.....devalue the currency and get on with it

Oh my.

 ac_wot
Title: Re: Impossible to even comprehend these numbers....
Post by: Romero on February 21, 2015, 02:22:11 PM
QuoteWhy Are We Not Talking About America's $123 Trillion In Unfunded Liabilities?


Because it's a load of garbage and taking away our social programs is a terrible idea.



If Social Security, Medicare and retirement benefits are "unfunded liabilities", how can it be that in they've in fact been funded for decades?



We could call 2016+ Employment Insurance expenditures unfunded liabilities. All those years haven't been funded yet. Of course there's no reason to believe they won't be funded as the program has been very successful. It's a great program that's been a great benefit for Canada, but we better shut it down because of unfunded liabilities!



Future spending on education, health care, defence... better shut them all down because unfunded liabilities!


Quote from: "Obvious Li"some more strident commentators predict it will lead to WW3

That's beyond crazy talk. Social Security, Medicare and retirement benefits are going to lead to WWIII?
Title: Re: Impossible to even comprehend these numbers....
Post by: Anonymous on February 21, 2015, 05:26:42 PM
QuoteBecause it's a load of garbage and taking away our social programs is a terrible idea.

It's actually much worse than a Ponzi scheme. Soon the US will start adding huge irreversible deficits if the problem of unfunded liabilities is not addressed very soon. Unfortunately, neither the GOP nor the jackass party has the balls to do what is right for future generations.

 
QuoteIf Social Security, Medicare and retirement benefits are "unfunded liabilities", how can it be that in they've in fact been funded for decades?

You must be trolling us. A higher % of workers paying smaller premiums for benefits for a much smaller percentage of workers. Don't insult our intelligence with such stupid questions.


QuoteThat's beyond crazy talk. Social Security, Medicare and retirement benefits are going to lead to WWIII?

He said cancelling debt may lead to WW3.