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re: Biden voters who are poor, I've got good news and bad news:
Posted on 1/18/21 at 12:07 pm to Bandit1980
Posted on 1/18/21 at 12:07 pm to Bandit1980
quote:
Explain, in detail, why you say this?
He's right. While we will eventually see a recession (we always do) the first big inflection will be a boom. It's hard to tell what will happen after, or how long that boom will last. We have real problems with a giant deficit that is unprecedented in peacetime.
1
Posted on 1/18/21 at 12:11 pm to Penrod
quote:
He's right. While we will eventually see a recession (we always do) the first big inflection will be a boom. It's hard to tell what will happen after, or how long that boom will last. We have real problems with a giant deficit that is unprecedented in peacetime.
This time, there isn't going to be any boom for anyone except the big box stores and China. For everyone else, there will just be a long loud whimper.
Posted on 1/18/21 at 12:12 pm to bird35
quote:
Due to rising prices I see the day coming soon where families will have to sit down every few months and see what they can do without.
as long as china keeps making stuff for us at below cost, so cheap you don't really need hardly any money to purchase it, we will be fine. I bought a 32" smart TV for my deck recently for $119 from walmart a couple weeks ago. And when/if they stop making shite so cheap, then we will crank back up the factories, or get them from india or some other country where people are willing to work for $2/day
Also those trump tariffs aren't helping the situation. Probably could have got that TV for $89 if trump would keep his orange fat arse out the way.
This post was edited on 1/18/21 at 12:14 pm
Posted on 1/18/21 at 12:13 pm to auggie
Or will change all to salary and have to work more hours...lol...also lose ur govt assistance on 15 bucks an hour ...hahhha
This post was edited on 1/18/21 at 12:14 pm
Posted on 1/18/21 at 12:22 pm to GamerGod
See, that's part of what will happen first. I'll use a local Metal cabinet manufacturer as an example. They have about 400 employees and the average pay is around $10.50- 11.00 per hour, the jobs aren't difficult mostly automated machines that kind of run themselves, then you have people who de-bur and polish/stack parts. What is going to happen now, they will layoff the polish/stackers, keep the most dependable operators, give them a raise, and have them polish and de-bur parts while their machine is running through it's cycle. Work force will be reduced by 1/3.
Posted on 1/18/21 at 12:26 pm to boxcar willie
quote:
as long as china keeps making stuff for us at below cost, so cheap you don't really need hardly any money to purchase it, we will be fine. I bought a 32" smart TV for my deck recently for $119 from walmart a couple weeks ago. And when/if they stop making shite so cheap, then we will crank back up the factories, or get them from india or some other country where people are willing to work for $2/day Also those trump tariffs aren't helping the situation. Probably could have got that TV for $89 if trump would keep his orange fat arse out the way.
You've got to be trolling, there is no way anybody is stupid enough to believe what you are saying.
Posted on 1/18/21 at 12:26 pm to auggie
quote:
the average pay is around $10.50- 11.00 per hour
Yeah these people are fricked. But hell they are fricked now if they are adults. I was earning that at the age of 20, in 1993. Roughly same kinda job.
Posted on 1/18/21 at 12:27 pm to auggie
The good news is your party won. The bad news is you will remain poor. The system works by giving false hope to the poor that it’s the rich republicans keeping you down. In reality its your own unwillingness to make a change within yourself.
Posted on 1/18/21 at 12:31 pm to Dawgfanman
quote:
Yeah these people are fricked. But hell they are fricked now if they are adults. I was earning that at the age of 20, in 1993. Roughly same kinda job.
Most of the polisher/stackers are women, and they probably have husbands who make decent wages or they still live at home with their parents, and this area is very cheap to live compared to other places. When they lose that job though, it's going to hurt, and there won't be another job to apply for.
Posted on 1/18/21 at 12:37 pm to auggie
If I was a business owner I would find a way to stagger my employees so that Im covered during busy time while keeping them ALL at 20 hours and not having to provide benefits.
This is the likely outcome. All the big box retail all ready does it to an extent.
The loser is and always will the employee. Minimum wage is joke.
This is the likely outcome. All the big box retail all ready does it to an extent.
The loser is and always will the employee. Minimum wage is joke.
Posted on 1/18/21 at 12:40 pm to The Eric
quote:
The good news is your party won. The bad news is you will remain poor. The system works by giving false hope to the poor that it’s the rich republicans keeping you down. In reality its your own unwillingness to make a change within yourself.
Let's get this straight first: It's not my party, but other than that, you are 100% right.
Posted on 1/18/21 at 12:42 pm to boxcar willie
quote:
Also those trump tariffs aren't helping the situation. Probably could have got that TV for $89 if trump would keep his orange fat arse out the way.
Posted on 1/18/21 at 12:57 pm to beerJeep
quote:
What will the price of goods and services do? If the price of goods and services go up, and their income remains about the same, their purchasing power is now reduced.
We laugh, but about half the fricking population do not seem to understand the most basic of economics
The other half of the population is going to need to make some very tough decisions.
Posted on 1/18/21 at 12:59 pm to auggie
quote:
You might be able to draw unemployment for a little while, but it will run out soon. YOU WON!!
And you can blame trump because they will tell you to.
Posted on 1/18/21 at 1:11 pm to catnip
quote:
And you can blame trump because they will tell you to.
Oh yeah, they will try to sell that load of bullshite, and never mention their virus or China. As much as they cry about the danger of the virus, they still are grateful to China for sending it! They love the china flu!
Posted on 1/18/21 at 1:47 pm to auggie
quote:
Walmart, burger King, Micky D, arent going anywhere. They may raise their prices but they are still going to need people to cook up and serve those fries. Walmart is still going to need people to stock those shelves. Hotels are still going to need people to wash the sheets and clean the rooms. Life will still go on, just that people who use to make $10-12 will be making $15. It's better to work 30 hours a week at $15 an hour than 40 at $10 so even if they get their hours cut, still going to make about the same and work less hours.
Your logic is flawed. You forgot to factor in that everything else in the supply chain also went up in price. Therefore, the only change is less spending power per dollar for everyone, the net effect is the monetary poverty line increases. You have now put more people under that line. Economic equations are multi value, and the values are dependent on each other. Arbitrarily changing one value does not keep the remaining values constant. A basic study of the supply and demand functions will show you that you will always return to equilibrium. Any equilibrium outside of the natural equilibrium is inefficient and is not sustainable.
Posted on 1/18/21 at 1:52 pm to GumboPot
quote:
More bad news. The things they buy will increase in price too.
Yeah. It’s not going to be good for the Service Industry.
Add that to the corporate tax hikes coming, and we’re about to see massive exodus of job overseas too.
This post was edited on 1/18/21 at 1:52 pm
Posted on 1/18/21 at 1:55 pm to auggie
Official Department of Labor stats on black unemployment over the last 10 years: LINK
Lowest rate: 5.2% in August of 2019, with a GOP majority in DC.
Highest rate: 16.8% in March of 2010, with a Democratic super majority and a black President. This even tops the highest rate that occurred during the pandemic of last year.
But but but...those Democrats will tell you that "you're voting against your best interests" if you vote against them, dammit.
Lowest rate: 5.2% in August of 2019, with a GOP majority in DC.
Highest rate: 16.8% in March of 2010, with a Democratic super majority and a black President. This even tops the highest rate that occurred during the pandemic of last year.
But but but...those Democrats will tell you that "you're voting against your best interests" if you vote against them, dammit.
Posted on 1/18/21 at 1:57 pm to td1
quote:
Biden voters who are poor, I've got good news and bad news:quote:Walmart, burger King, Micky D, arent going anywhere. They may raise their prices but they are still going to need people to cook up and serve those fries. Walmart is still going to need people to stock those shelves. Hotels are still going to need people to wash the sheets and clean the rooms. Life will still go on, just that people who use to make $10-12 will be making $15. It's better to work 30 hours a week at $15 an hour than 40 at $10 so even if they get their hours cut, still going to make about the same and work less hours. Your logic is flawed. You forgot to factor in that everything else in the supply chain also went up in price. Therefore, the only change is less spending power per dollar for everyone, the net effect is the monetary poverty line increases. You have now put more people under that line. Economic equations are multi value, and the values are dependent on each other. Arbitrarily changing one value does not keep the remaining values constant. A basic study of the supply and demand functions will show you that you will always return to equilibrium. Any equilibrium outside of the natural equilibrium is inefficient and is not sustainable.
I don't know why you are replying to me with somebody else's post. That wasn't my logic, that was the logic of someone that I was replying to.
Posted on 1/18/21 at 2:09 pm to auggie
Wasn’t directed at you, was just the easiest place to copy and paste that part on my phone. It was meant to be an additional reply to the one you replied to. My bad!
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