Very similar to the figures here in England. The top 1% has seen a 200% rise in income, whereas the majority of working people's wages have not changed since the 1960's (if you take inflation and rising costs into account). The average wage touted by most newspapers in this country is a very misleading £26,000. In reality it's about £20,000 which, considering the average rent for a one bed flat in London is £1000 per month leaves a lot of families in really desperate situations.
Finally, setting aside the fact that the wage data includes part-time workers, in inflation adjusted terms median wages have risen 13.2% in inflation adjusted dollars since 1990 (when the series begins) and average wages have risen 22.7% since 1975 (4.7 TIMES in nominal dollars). The notion that the average worker is falling behind and being abused by the rich (as opposed to finding it harder to find a job due to governmnet meddling) is completely contrary to the available facts.
Shockingly ill-informed and/or disingenous. Failing to raise the minimum wage (which has never reduced poverty and only increases unemployment) has no relation to the continually growing compensation for everyone (yes, the stagnating middle class canard has been debunked to). Further the top 1% are largely different people every year having non-recurring income spikes so comparing to them tells nothing.
I got 2 ideas: 1)Tell everyone in the House and Senate to increase in the Minimum Wage higher than 1967's standards or 2)everyone in the 99% just takes the steps to become rich, simply this story is exactly why the Occupy Wall Street and Occupy Movement was created!.
@CeNationNGU010 In other words, you are suggesting 1) putting large numbers of people out of work and placing initial jobs out of the reach of those who would like to eventually become rich and 2) insisting that the people in the Occupy "movement" stop protesting, get jobs and find a way to be productive ... in an environment with even fewer jobs because of the raised minimum wage.
@FletchforFreedom I was pretty much saying what conservatives "think" and I think people should use idea #1 Tell the House and Senate to increase the Minimum Wage I agree with Occupy Wall Street and the Occupy Movement is that there is a Income Inequality in this country, let me get this right you're saying is that employers are not hiring is because the issue of raising the minimum wage?.
@CeNationNGU010 You did nothing of the kind. As for the fact that the minimum wage reduces jobs, it's undeniable. Nearly a century of economic research demonstrates that conclusively. The main reason employers are not hiring NOW is an economic concept called "regime uncertainty" (concern about what the morons in DC will do next) coupled with the disastrous government spending bleeding resources from the private sector. Income inequality's meaninless as no one is poor because another is rich.
@FletchforFreedom First, you are wrong. The rich aren't hiring because they have been hiring in other countries for years and don't need the labor here so much anymore. They have been tax free due to loopholes. Then, you have individuals paying significantly less in taxes because of their wealth. Then, there is the fact that they have been using the government's preferential treatment to feed shareholders dividends instead of increasing labor. Thus, more people are jobless
@logicaquebrada85Such economic insight (LOL!) You're not only wrong on every point. You didn't even come close to reality. More (and higher paying) jobs are INsourced to the US than outsourced. The welthy pay the vast majority of taxes. And jobs are created by investment, which results in "increasing labor", not baseless direct "increasing [of] labor". Each of these points is EASILY checked. Try reading an economics text some time.
@FletchforFreedom I understand they hire their execs here, but that isn't raising our employment rate. The factories and jobs that most people would get are going elsewhere. They pay the majority of taxes, but at a much lower percent. Corporations get loopholes that make them tax free a lot and capital gains makes wealthy individuals' income even cheaper. Increasing of labor comes from increased consumption from the lower and middle classes. Laying them off has decreased it.
@logicaquebrada85 I will give you an example. Remington was bought by Cererus (the killers of Chrysler). They bought Marlin, Bushmaster and some others, too. They got rid of all of the corporate workers (some only making around $30K to $50K. They moved it all to one building and then starting hiring all of their people as Freedom Group (new name) execs. They created a VP of handguns for a company with one handgun. They are killing the company and milking its assets.
@logicaquebrada85 Before, everything was being done in America, but now they are outsourcing as much as possible. The quality of the products have gone down, but with Cerberus people leeching on to take money from the companies, they will keep running it down until they kill it and move to the next investment. This is a business model for a lot of Investment firms. Like it or not, the facts show that people get rich off of the backs of others.
@logicaquebrada85 Except of course, in the real world, not only has quality substantially omproved, but - excepting recessions - US manufacturing output has continually and substantially INCREASED (FRED). The facts bear absolutely no resembalnce whatsoever to the scenario you have presented.
@logicaquebrada85 The problem with your example is that its disconnect from reality is enormous. HAD Chrysler been "killed", the culprit would have to have been government, which first intervened on behalf of unions and then prprevented the bankruptcy process that might have solved the problem. Obviously no one ever kills a viable business because that means losing money. That accusation shows a profound ignorance of business, human nature and simple reality.
@FletchforFreedom False. The reason Chrysler didn't accept the bailout was the executive from Cerberus taking a paycut down to $1 in a fake gesture of pure showmanship and then refusing the bailout terms that everyone accepted (no bonuses).
I know business. It was Robert Nardelli. If you know anything about business, you know his reputation. The denial of the facts on the man and his business model are pure ignorance.
@logicaquebrada85 You "understand" completely wrong. The unvarnished fact is that the open employment market has INCREASED employment here. And the wealthy pay a higher percentage of income as well, even factoring in capital gains (IRS). Corporations NEVER pay taxes, which are passed on to consumers, and investment - NOT consumption - creates employment (Econ 101). At least try to get your facts straight.
@FletchforFreedom They pay a higher percentage, but they use tax shelters that aren't available to normal citizens. Like Romney and the Caiman Islands. Any person who is rich enough to pay those kinds of taxes is usually smart enough to get out of paying them, as it stands now. This is not to mention that they are given refund and break after break for being "job creators", despite not creating jobs with the Bush low tax rates.
@logicaquebrada85 Actually Corporations do pay taxes. In the US it varies from 15 to 35%, but they can get out of it with loopholes. Capital gains are taxed at 15%, the same rate as someone who makes $8,500-34,500, so you are wrong again. Consumption drives employment due to the necessity to hire when demand for product is higher. That is Keynesian Economics. That is why we are talking about giving stimulus to the poor and middle class who won't simply save stimulus money.
@logicaquebrada85 Of course, the myth of Romney's tax avoidance in the Caymans has been shredded so many times one should be embarrassed to repeat it (along with the Nardelli slur). That capital gains are taxed at a lower rate is economically justifiable and the simple fact that lower taxes on job creators have DEMONSTRABVLY created jobs, so the pretense to the contrary is simple nonsense.
@FletchforFreedom Not really. The reason that we have had some of the lowest taxes on the rich for the last 12 years, but it didn't do anything to slow the fall that was coming. At the end of the Bush administration, we were losing jobs at a rate between 750k and 800k a month. It doesn't work.
Also, for Romney's tax returns, his own party is admitting that it could be ruin if he doesn't do it soon, without anything bizarre. The issue is skewering him.
@logicaquebrada85 Yes, really. The lowest taxes for the rich distortion doesn't refer to tax rates or percentage paid but is a reflection of the income drop exprerienced by the rich due to the recession. And that the economy is suffering from Obama's continuation (and massive increase) of Bush's harmful policies doesn't mean things couldn't be worse with tax hikes.
As for Romney, your take bears no resemblance to anything actually said by the party or what;s happening in it.
@logicaquebrada85 BTW, the 750 - 800K figure is entirely bogus. It never reached that level at any time and averaged about a third of that in 2008. That Bush's uncontrolled spending, bailouts, cheap money, additional entitlements, additional regulations (abandoning th free market in order to save it) were an unmitigated disaster (as have been their continuation) says nothing about the (proven) efficacy of lower taxes.
@DaMirrorLink if luck you mean by being born in the right land mass..i guess but they have people in China and India who make $1 a day...the fact you can be on youtube to type this comment means you are better off than most people.
I work at a Liquor store. On New Year's Eve the store made $110,000. The next week my boss was telling me he was having a meeting with corporate, and their #1 concern was cutting labor cost.
@fountainherz 5 Cashiers,2 gift basket specialists,1 beer manager,1 wine manager,1 wholesale manager,2 all around sales persons,1 janitor 1 deli manager 2 deli assistants 1 boss and 1 inventory receiver, me. all working a 12 hour shift.
Labor cost between 2,000 and 3,000 TX wages
Electricity Water etc I have no idea, the store is a little smaller than a Toys R Us
We had already received all our liquor, wine, beer, supplies on a previous day.
The only thing that the minimum wage does is to ensure that workers whose productivity cannot justisfy the higher wages don't get hired. You guys should watch more videos of Milton Friedman and less Cenk Uygur.
@waltermh111 You're projecting. The reason Friedman sounds good is because, unlike what you find here, he has a grasp of economics and his comments are consistent with the avaialable data and actual history. People listen to Friedman becasue they enjoy getting ACCURATE information.
@waltermh111 Projection is the attribution of yoir own charcteristics to others, which was the case.
I never argued Friedman was without flaws, though not nearly as many as Krugman, but then I didn't rely on him Nonetheless, his defense of the free market has always been entirely sound.
@FletchforFreedom You know the definition but dont get what it means. I didnt have anything to project. What did I project that I become stupider by reading Milton Friedman?
His iignorance on some things sure can make me feel that way.
So maybe I am projecting, but it sure doesnt work in his favor.
As for flaws, yeah, Friedman has more and his dangerous beliefs have hurt us for a long time now. His defense of the market is one of his least sound beliefs.
@waltermh111@waltermh111 I know exactly what projection means. You are projecting your own economic ignorance and inaccuracy (and, by extension, the act of being demonstrably stupid by listening to you) onto Friedman.
His defense of free markets has been impeccable and he has done no "harm" to anyone. Please don't repeat the "supported Pinochet" canard or do someting really imbecilic, like blame the current economic crisis on the fre market if you wish to be taken seriously.
@FletchforFreedom So unregulated bankers, lending money to people they know can't pay back, ruining them together with the rest of the economy has nothing to do with the free market? No problem with backdoor politics, corrupt legislators or corporate fascism? Get your shit together.
@MrUberAnarchist To the contrary, "unregulated bankers, lending money to people they know can't pay back, ruining them together with the rest of the economy" has nothing to do with REALITY and everything to do with the same talking point ignorance I've come to expect from socialists. Y'know, those people who foolishly deny that "backdoor politics, corrupt legislators or corporate fascism" are problems OF socialism. My shit's together; it's just not between my ears.
@MrUberAnarchist if it was unregulated, the bankers really wouldn't set the low inflation rates for businesses to receive money when it's cheap when that's not so. ESPECIALLY if consumers don't have any savings at the time.
Of course corruption, back door politics, and corporate facism is bad. The only thing: Government gives out the power, without that corporations would have to be standing on their own 2 feet for failures and wouldn't cost a thing for us, the taxpayer.
@kmelfina If you mean the fed res, which is private and sadly uncontrollable by the gov to a large degree as we have seen around this crisis, yeah, thats not nearly socialist or big gov.
As for supposedly us not being hurt or companies not taking such big risks if the gov wasnt involved, history proves you wrong.
Business will always create the means to get what they want, even if gov isnt in place, or the gov doesnt have the power they need.
@waltermh111 If you wish not to embarrass yourself (further), then you should abandon the "private" Federal Reserve argument which no one with even the remotest grasp of economics or reality takes. The Fed is a national bank with governmnet monopoly power subject to state mandate.
And you cannot support the assertion that history proves companies taking big risks absent governmnet has hurt us because it is laughably contrary to history.
@waltermh111 The Federal Reserve bank had forced lower interest rates. If it really WAS private there's no way in hell they'd give loans to people if there aren't any savings, especially if the money can be printed out of thin air with no backing.
Businesses answer to the customer, if they fail the rest of the successful companies get the business from the customers of the failed business. Government is there as a safety net to unsuccessful businesses which is immoral at best.
@kmelfina Of course, and this is the failure of libertarians.
Always this belief that if only left to their own divises a company would do the right thing.
They would never give loans to people of the nature you speak. People at the top knowing they can get rich this way and run off when the bank goes under?
Who would do that?
Some business owners answer to customers, other ones answer to their paycheck.
There is a rich guy, makes 3mil an hour gambling, not competing.
@waltermh111 Business owners dont make bad decisions due to safety nets, they historically, even when there werent safety nets, have done so because they were able to make alot of money short term.
Its not like they lose if the country goes down or if they sell out later.
Your ideolistic view of business is a problem in a discussion.
No wrong can be done, its all the gov fault that people are greedy at the detriment of others.
@waltermh111 Actually, the evidence that business owners act differently in a bailout environment is well established. What isn't remotely established is the "short term money" canard. Certainly greed exists, but only the distortions of government make all those mistakes happen at the same time (the central bank driven boom and bust cycle). The market ensures that "greedy" people earn their money by serving consumers. It has never been detrimental to anyone.
To add to my last point of it being extremely wasteful, I hope you do realize that we do live on a finite planet, and it's estimated that many of the resources we rely upon will only be available through recycling in about 50 years, with some of them being completely mined in 20. What is more important to you? The needs of the consumer to get shitty cell phones that make pancakes or attempting to preserve the future of our species?
@HorrendousGames I realize quite well that we live on a planet with finite resources. As we are in absolutely no danger of exhausting them (you seem to be falling for the same King Hubbert Peak Oil nonsense), I am not concerned. The price system prevents such exhaustion, seamlessly adjusting consumption to dearest need, adoption of substitutes and/or more efficient usage.
@FletchforFreedom but how can you be sure..the population just keeps increasing and resources are finite..granted i doubt any of us will have to worry about it our lifetime. I am by no means a communist like Cenk and the young turds but I don't think consuming everything on the planet is good either
@ubermisogynist Resources are finite, but not fixed and we have barely scratched the surface in so many ways. Population is increasing NOT because too many people are being born but because, thanks to modern medicine, people are not dropping like flies. The population witll stabilize and likely decline in the next half century (a peak of 11-12 billion). We won't consume everything on our planet and economic efficiencies will prevent population groth from meaning comparable resouce usage.
@waltermh111 To the contrary, the historical evidence is overwhelming that the market penalizes poor behavior and the disorted incentives created by government regulation and bailouts create the problem not mitigate it. Libertarians understand human nature; they're just not stupid enought to think it vanishes when the persons happen to be in government.
And the market ensures that business owners answer to customers becasue customers CONTROL his paycheck.
And on your last point, customers stopped controlling paychecks since companies left their neighborhoods. Its nearly impossible to get 1mil people to boycott a company.
When boycotts happen it tends to maybe be a few 10s of thousands at most, a blip on the radar. Sometimes the company reacts to press, often it doesnt, and the company reverts back when things calm down.
Anyway, you can have another last word, I mean fantasy
@waltermh111 You proceed from a ridiculous assumption. The very fact that people do not boycott a company demonstrates not that consumers do not have power but that those consumers demand what the company provides more than either the wealth they must part with to attain it AND any desire to engage in a boycott (usually based on ignorance anyway - like protesting "sweatshops" or some other foolish thing).
His pay depends on meeting consumer needs, not paying attention to tiny boycotts.
@FletchforFreedom The base principal that mast of these larger corporations run off of is cyclical consumption. In order to continue getting money from the consumer, companies design their products to fail in a given time. They are also designed to cost a substantial amount of money to be repaired. People simply aren't intelligent enough to combat this type of scam, and these companies know this. Not to mention this practice is extremely wasteful.
@HorrendousGames The "planned obsolescence" canard simply refuses to die no matter how many times its been disproved (and now the Venus Project/Zeitgeist Movement drones have resurrected it). Product quality has consistently improved and higher quality goods can always be obtained at a higher price but most people DON'T want to waste money on something that lasts forever if a technological upgrade will be available in short order.
@HorrendousGames Nor are goods "designed" to be expense to repair. If you had to pay $900 for a base cell phone that would last for decades (assuming you didn;t lose it or want an upgrade), paying $80 to repair it would be worth it. When the less durable model sells for $99, there's no point. The "practice" you are discussing is extremely efficient because it doesn't waste resources, including labor, on things consumers do not wish to pay for.
@waltermh111 I was watching a lecture by Noam Chomsky a while back, and he pointed out the irony of the neo-libertarian movement that gripes about the terrible tyrannical government, when their solution to the problem is to grant unlimited power to the large corporations, which is essentially trading one tyranny for a vast amount of tyrannies. If the American public is too ignorant to keep track of one, what makes you think they're capable of handling anything more?
@HorrendousGames Part of the problem is in taking Noam Chomsky seriously. Corporations are not tyrannical and, unlike governments, cannot force you to do anything. They retain only as much power as consumers grant them in return for meeting their needs AS consumers. In return, they also provide opportunities for employment that would not otherwise exist and cannot exist in the absence of both private property and a price system.
@MrUberAnarchist In actual fact, US bankers are among the most regulated individuals in the world, deregulation had NOTHING to do with the crisis, not only was there no real lending to those know to be unable to pay but the overwhelming majority of sub-prime borrowers still ARE paying, and the real estate bubble and bust was a SYMPTOM of the Fed's (socialistic) manipulation of the money supply, not the CAUSE.
Research instead of talking points - always the recommendation.
@FletchforFreedom They can be the most regulated in all the wrong ways.
Canada and other supposedly less regulated countries have different controls that helped them, or they will nationalise a banking system to fix things.
Your own canard is so easily falsifiable.
As for you rest, its not supported by leading minds on the issue, and its just an i hate the fed/socialist mentality. Everything must fit into your world view or you will make it so
@waltermh111 Since, of course, the national bank (the Fed) is what precipitated the crisis, your claim of having falsified anything is humprous to say the very least.
As for the rest, I can defend my positions without difficulty - they being consistent with the ACTUAL leading minds on the subject - consistent with actual history and overwhelmingly accepted economics. I am presenting the consensus position.
Your talking points bear no resemblance to reality.
@waltermh111 I am not responsible for your failings with the English language. If you have other "educated economists" or "solid arguments" to counter Friedman with, by all means present them - you have not as yet even made the attempt.
Since, in fact, the current crisis is demonstrably NOT a problem of deregulation of any kind - there having been NONE that even bears on the crisis - you'll forgive my skepticism about your "educated economists" and "solid arguments".
The minimum wage law does not mandate that anyone actually get a job at that higher wage. Clearly, it does low-skilled job prospects little good to have a higher wage if in the process they end up with no jobs at which to be earning that wage.
All this means is median pay is 26k. But it is 20k in 22 European OECD countries (check politifact). Besides it includes about 50 million people who either haven't worked all year or part time jobs. It's about 50k for men if you look at the statistic.
@interstate317 Its even worse than I thought!! According to the US census bureau the median salary is $26,197 for the 243 million americans aged 15 an older. Not the 153 million that are members of the workforce as I had originally thought. It includes senior citizens, and stay at home moms!
I became suspicous when the average person makes $26k a year and yet the median household income for 2 income earners is over 80 grand.
@interstate317 Also, I dont know where you get your info, but the median of 26k isnt calculated per person, its per household.
The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006.[5] In 2006, there were approximately 116,011,000 households in the United States.
This will cut out many senior citizens, though it will count those making money from SS.
@waltermh111 I get my data from the source - the US Census Bureau. The median hosehold income is $49,445 (2010); the figure mentioned in the video is the median WAGE per worker (which DOES NOT count Social Security or benefits or a whole host of other things. Feel free to check.
@interstate317 But to repeat, even by your standard, its pretty crappy and the same rule would have to apply to other countries which should even it out and make us worse due to how little we get for our money.
Not that other countries arent worse, for sure we arent 3rd world or the bottom of the first, but your not making us look any more stable than the original number with this downplaying.
@waltermh111 Even by my standard, the median household income in the US is the second highest on the planet and we have the wealthiest "poor" in the world with more disposable income, assets, living space, access to medical care (again, the best in the world), etc. The US has a higher living standard than all of Europe including (excepting only Norway due only to its massive oil exports).
@FletchforFreedom We get all this because we have massive amounts of debt. Once we can no longer borrow money and we realize that printing more won't help either, we'll see our country fall to the living standards we are really at. It won't be pretty.
@Erduk You are largely correct except that the impact of the debt is already being felt in the reduced availability of liquidity in the credit markets, devaluaton of savings and investment, etc. It's already pretty ugly and every dollar that the governmnet spends merely makes it worse.
@interstate317 Then it would also be higher in those europe countries by your standard.
But something to remember is, at least I am willing to bet, in those 22 european countries, you get more service for your money.
Especially those making under the median tend not to have healthcare, many have other ills of low income, and people without income tend to have it worse than in many euro countries.
Its crappy to be half of america. 30k is only the beginning of income sanity also.
@waltermh111 In fact, excepting the recessionary period, unemployment has typically run twice as high as that in the US over the last four decades. The notion that they get more for their money is absolutely baseless.
The assertion that those under the median tend not to have healthcare is completely false. The vast majority of them have health INSURANCE as well as care (which is the best in the world across income levels).
@neomysterio Ayn Rand and Ronald Reagan had a tryst in 1982 and begat 30 years of equity stripping and war on labor. Reagan made the ultimate Faustian deal with the banksters by pawning America for unlimited credit. We promised we would win the world for globalism if the bankers would fire the USSR and hire us. They did. Now the bankers are mad because they invested trillions and we haven't delivered the world into their bloody maws. America's serfs are being bled for the difference
@neomysterio 1. Wow! the country with the 5th highest cost of living in the world has a really high minimum wage, who would have guest? Is it paying off? The USA has 828 Motor vehicles per 1000 capita. Median house size is 2255 sqft. what is it in Australia?
2. The fact that you can find jobs NOW is meaningless, we all had jobs in 2007!
"The Economist, says Australian homes remain the most overvalued in the world."
Australian home prices 56% overvalued Mar 4th, 2011
@justcallmeassinine Why I want to move to Britain? Primarily, because I'm hoping I can finish college there & not be drowned in as much debt as I would in America, and I would like to be part of an electric car business (not merely hybrid, but full-blown electric), and I think a green energy business would have a better time in a more liberal place like Britain. Also, my pink skin sunburns too much here in Southwest US, and need a cloudier place.
@superphi Yeah and you're also deliberately missing the point. Americans care about the american standard of living because they are American. If Africans are tired of living in piss poor conditions then they should probably get rid of the dictators who are either stealing from them or running their counties into the ground.
@DeadMech1 Haha what is American standard of living, and African's standard of lving is suppose to be shittier then American standard of living, maybe African's r fighting for higher standard of living and maybe they would have had it if the USA didn't exploited them B4. And now the poor Americans r getting exploited by the rich just like the USA exploited Africa but the difference is ur still way better of then normal Africans so stop bitching.
@superphi You've done nothing to refute my point. Your leaders are the problem. Even in the past when the rest of the world was exploiting you it was your leaders that sold you out for their personal gain. And regardless I refuse to be held accountable for the actions of people who did these things before I was born. Maybe you should project your anger in a productive direction. Demonizing a country as a whole just because it's more affluent isn't going to fix things where you are.
What's the most shocking thing about this story? The fact that I've gotten to the point where I'm not even shocked. Hell, I'm not even mildly surprised.
@scottandrewhutchins I'm not rich but I've never had to struggle due to PLANNING. I owe exactly $0 in educational debt. Also no you don't need a recommendation. You just take the LSAT get some old profs to recommend you which isn't hard and apply. I'm a skilled writer too I just don't plan on making it my career. If you don't want to rack up more debt maybe do vocational training like police work, carpentry, join the military, machinist etc.
@HaysuusisaG I haven't been able to get old profs to recommend me in my own discipline. At my exit interview from grad school, I basically got told "we don't like you because you're introverted." You've demonstrated your subliteracy because I stated that I have physical problems that limit me to a desk job. You are a snob and an ostrich.
@scottandrewhutchins Sigh if you want to be an idiot and ignore what every single commentator telling you the same thing I'm telling you then so be it. Just don't blame us for your incompetency. Also if you are an English major I'm sure you can find better insults then that.
@HaysuusisaG I know I'm incompetent at math. I'm sorry about that. But apparently, I deserve to be treated like trash as a result. Our society currently thinks someone who can't use basic grammar but is good at math is a genius, and that someone intellectual in every area but math is an idiot, as you said. That isn't helpful to me, nor is telling me to go to law school when I have $5 in the bank.
@scottandrewhutchins Vocational training is a legitimate alternative even for someone with your "problems." If you are unwilling to look for another line of work you will be homeless and no one will care. You still haven't gotten over yourself yet. You seem to have a superiority complex even though you are a complete failure. No one is going to hire a beggar with an attitude.
@scottandrewhutchins Who is the insane one for sitting around and doing nothing. Ok so you can't do physical labor. Do you know how snobbish and elitist that sounds? Go write a novel and publish it yourself. I'm out of ideas for you and I was trying to help you but obviously you blame everyone else for your problems. Your inability to take responsibility is what is wrong with you and is unfortunately too commonplace in our society today.
@HaysuusisaG I have written a novel. Nobody wanted it. I've written three plays and five screneplays that nobody wanted, either. Wouldn't even read them before deciding.
Only a complete and utter imbecile would say that is snobbish and elitist for someone with my physical challenges to refuse physical labor. Excuse me for not wanting to damage myself to the point that I qualify for complete disability. You should be happy that I don't want to permanently receive public funds.
@HaysuusisaG Do you consider the unanimous opinion of multiple M.D.s, 2 D.O.s, 4 D.P.Ms, a chiropractor, and a licensed massage therapist to be snobbish and elitist? All of them have said that I need a desk job and can't safely do physical labor.
@HaysuusisaG When my dad died and left me $37,000 in life insurance money. I asked everyone I knew who invested how to invest this money. They told me that it wasn't enough to consider using on stocks and to put it in a money market. I made $200 before I had to pull so much out to pay my rent that it became a liability. Now it's all gone, and I may end up on the street because other people are too stupid to interview me for an office job.
@HaysuusisaG At the time I took it, the only people who considered my major "worthless" were my mother and brother. The advice from commentators that you see now was not the advice that was presented in 1993-96.
@HaysuusisaG The fact that you even brought up vocational training in light of what I said proves just how numb and rote your mind is. Couple that with the fact that the United states in an anti-intellectual society, and I'm in the wrong place with no ability to move.
@HaysuusisaG I was obviously raised very poorly. I was brought up in an environment that said "Do what you love and the money will follow," but also said that I couldn't succeed at what I love doing, so I was immersed in a lose-lose psychology from which I have never broken free, in site of my efforts.
@DeJach When simply keeping a roof over your head demands that you live form paycheck to paycheck, you live paycheck to paycheck or you live in a homeless shelter, and what is the point of having money if you're living in a homeless shelter?
@scottandrewhutchins I never had money my parents were refugees from China. They literally came here after commies stole all their property so they had nothing. I was born here but had nothing to my mother finally got a masters in social and began making $80,000 a year. You assume too much. All through college I couldn't even get scholarships for minorities because Asians aren't a minority in college. So I got jobs at school to pay for anything fafsa and my parents couldn't cover.
@HaysuusisaG Just be glad you don't have plantar fasciitis, sciatica, slipped discs, and scoliosis that went undiagnosed until you were 29 because of incompetent medical practitioners. That's kept me from getting a part-time job even when I desperately needed money, because I spasm and have to grab furniture to not fall when I spasm after long periods. I don't qualify for disability because I can work a desk job, even though it's been a nightmare trying to get anyone to interview me.
@scottandrewhutchins well im sure if i could get a phd in masturbating, i'd be at the top of my class...i'd know that once i graduated however, very few people are looking for someone with that skill
@scottandrewhutchins look dude, i respect that you went after what interests you, and if you truly want something, you can achieve it. everything in life takes sacrifice, you might need to move, you might need to slum it out for a few years, but if you persist, you'll get it
@chrisknows At the moment, I am stranded in my neighborhood because I can't buy a Metrocard, and my Internet service will be turned off if I can't pay $50 by the 9th. I have about $5 in the bank right now. And it looks like I'm not going to get food stamps this month.
@killjoy1001001 You're an idiot. My mom is 69 and very much alive, and she acts like my lack of employment is entirely my fault and nothing to do with the economy.
@killjoy1001001 What job would I do that's not behind a computer screen when I have a master's degree and my doctors say that I need a job where I can sit down, dumbass?
@scottandrewhutchins May I suggest a good law school? If your grades were really as good as you say then going to a decent law school will earn you decent employment. Unfortunately They world doesn't revolve around you and what you want to do. I honestly dislike math but I need to suck it up and keep doing math in my current line of work. Bro you really need to reevaluate your life or else you will always be unemployed and most likely homeless.
@HaysuusisaG You mean you can just apply to law school with an English degree? Wouldn't you need a professional recommendation from a lawyer? I've heard that it's now even difficult for lawyers to get work. Is there really a point in racking up more student loan debt when I already owe $57,000? You seem really naïve because you appear to never have struggled economically. I have been told that I am a very skilled writer but that my content is unmarketable, so I know about the uncaring world.
@scottandrewhutchins I'm not saying you are a moron but you are certainly naive and lack planning. Like my dream is to become a firearms instructor however I still majored in engineering because firearms don't earn you decent pay. Its nice to do what you love but all of us will need to settle most of the time. Also frankly none of the tests you gave matter. No one cares you were on a college track because so was just about everyone else not living on the street.
@HaysuusisaG But I'm going to have to live on the street because I don't have the aptitude for engineering. That's really fucked up. It seems our society has streamlined itself to the point where only one sort of aptitude matters, and its the one I don't have.
@HaysuusisaG In what way do I lack planning? I began as an undergraduate in 1994. The economy was quite strong then. I started as a biology major to please my parents, but it wasn't working for me, and I could barely pass college-level algebra. I've known what I wanted to do since I was very young, and it didn't involve biology. How was I supposed to know that the market would fall out the year that I graduated???
@HaysuusisaG They only reason I mentioned the college track is because I've had idiots suggest that I should have gone the vocational training route, totally disregarding my intellectual level and my physical challenges.
@chrisknows My mom says that I should have majored in accounting because that;'s where the demand is. I find her comment stupefying considering that math was the only subject area where I didn't score above 97% in standardized testing (not even close). She should have gotten me math tutoring if she wants to say that. She also should have taken me to the doctor when she notice a problem with my gait so that the damage I have now could have been prevented.
@scottandrewhutchins Unfortunately there in lies your problem. You got degrees in literally the most worthless fields of study. Getting a degree in English is ridiculous because its our native language. Your unemployment is caused by yourself. Even in a good economy finding a gainful work with an English degree would be difficult. I suggest going back to school and learning something more useful. Or maybe you can move to Asia and teach English there is some demand there.
@HaysuusisaG I got an English degree because I want to work in publishing. What degree would you suggest? Keep in mind that I medically require a job where I can sit down. Also keep in mind that my GRE was 660 verbal/330 math, SAT 620 verbal/490 math, and my high school standardized test scores placed me at 97% or above in every area except math (low 70s) and was in the college-bound tract all through high school. I assume you would judge me a moron for my one intellectual weakness, though.
@HaysuusisaG The problem is that in order to get into an industry that I want, you have to be able to afford an unpaid internship, and I couldn't afford it. Unpaid internships ought to be considered slavery under the law. Most internships require current student enrollment, so it seems impossible that I could get a job where my aptitudes are, simply because my family isn't rich. That's the problem, not my major.
@HaysuusisaG By the way, I am also Adobe Certified in Dreamweaver, Photoshop, and Flash, but since I can't afford these programs, and have not completed any professional websites (I simply took a free class from the city and was the first to pass the certification tests in all three areas), that doesn't seem to help, either.
@scottandrewhutchins Its called being an adult. I started watching the stock market and paying attention to financial news when I was 16. If you had done the same you would have known. If you can barely pass college algebra you have some serious problems. Not passing calc is one thing but college algebra is mostly algebra 1. You need to stop blaming the world and look in the mirror.
@HaysuusisaG I have skills that qualify me to work in multiple ways. Whether I can pass algebra should not have a whit to do with whether I can get a job interview. You obviously came from money that you could afford to invest. Not everybody does. You are making yourself look more and more like an ignoramus one-percenter.
@scottandrewhutchins That doesn't prove my statement false. No doubt you speak of big business, which doesn't need to bend to the will of its employees because big business has govt backing.
@JackofOneTrade567 Actually it does, you like Karl Marx and Ron Paul, expect businesses to behave in a particular manner that is not reflective of real life.
@scottandrewhutchins I expect them to behave like entities trying to make a profit, but the same can be said of individuals. Everyone is trying to make more money, and their competing interests will lead them to compromise.
Very similar to the figures here in England. The top 1% has seen a 200% rise in income, whereas the majority of working people's wages have not changed since the 1960's (if you take inflation and rising costs into account). The average wage touted by most newspapers in this country is a very misleading £26,000. In reality it's about £20,000 which, considering the average rent for a one bed flat in London is £1000 per month leaves a lot of families in really desperate situations.
Denzochan 3 weeks ago
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26k is a lot of money, think about it, that is 500 big ones every single week.
givemearandomnamenow 3 weeks ago
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givemearandomnamenow 3 weeks ago
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givemearandomnamenow 3 weeks ago
Finally, setting aside the fact that the wage data includes part-time workers, in inflation adjusted terms median wages have risen 13.2% in inflation adjusted dollars since 1990 (when the series begins) and average wages have risen 22.7% since 1975 (4.7 TIMES in nominal dollars). The notion that the average worker is falling behind and being abused by the rich (as opposed to finding it harder to find a job due to governmnet meddling) is completely contrary to the available facts.
FletchforFreedom 1 month ago
Shockingly ill-informed and/or disingenous. Failing to raise the minimum wage (which has never reduced poverty and only increases unemployment) has no relation to the continually growing compensation for everyone (yes, the stagnating middle class canard has been debunked to). Further the top 1% are largely different people every year having non-recurring income spikes so comparing to them tells nothing.
cont
FletchforFreedom 1 month ago
I got 2 ideas: 1)Tell everyone in the House and Senate to increase in the Minimum Wage higher than 1967's standards or 2)everyone in the 99% just takes the steps to become rich, simply this story is exactly why the Occupy Wall Street and Occupy Movement was created!.
CeNationNGU010 1 month ago
@CeNationNGU010 In other words, you are suggesting 1) putting large numbers of people out of work and placing initial jobs out of the reach of those who would like to eventually become rich and 2) insisting that the people in the Occupy "movement" stop protesting, get jobs and find a way to be productive ... in an environment with even fewer jobs because of the raised minimum wage.
Gotcha.
FletchforFreedom 1 month ago
@FletchforFreedom I was pretty much saying what conservatives "think" and I think people should use idea #1 Tell the House and Senate to increase the Minimum Wage I agree with Occupy Wall Street and the Occupy Movement is that there is a Income Inequality in this country, let me get this right you're saying is that employers are not hiring is because the issue of raising the minimum wage?.
CeNationNGU010 1 month ago
@CeNationNGU010 You did nothing of the kind. As for the fact that the minimum wage reduces jobs, it's undeniable. Nearly a century of economic research demonstrates that conclusively. The main reason employers are not hiring NOW is an economic concept called "regime uncertainty" (concern about what the morons in DC will do next) coupled with the disastrous government spending bleeding resources from the private sector. Income inequality's meaninless as no one is poor because another is rich.
FletchforFreedom 1 month ago
@FletchforFreedom First, you are wrong. The rich aren't hiring because they have been hiring in other countries for years and don't need the labor here so much anymore. They have been tax free due to loopholes. Then, you have individuals paying significantly less in taxes because of their wealth. Then, there is the fact that they have been using the government's preferential treatment to feed shareholders dividends instead of increasing labor. Thus, more people are jobless
logicaquebrada85 1 month ago
@logicaquebrada85Such economic insight (LOL!) You're not only wrong on every point. You didn't even come close to reality. More (and higher paying) jobs are INsourced to the US than outsourced. The welthy pay the vast majority of taxes. And jobs are created by investment, which results in "increasing labor", not baseless direct "increasing [of] labor". Each of these points is EASILY checked. Try reading an economics text some time.
FletchforFreedom 1 month ago
@FletchforFreedom I understand they hire their execs here, but that isn't raising our employment rate. The factories and jobs that most people would get are going elsewhere. They pay the majority of taxes, but at a much lower percent. Corporations get loopholes that make them tax free a lot and capital gains makes wealthy individuals' income even cheaper. Increasing of labor comes from increased consumption from the lower and middle classes. Laying them off has decreased it.
logicaquebrada85 1 month ago
@logicaquebrada85 I will give you an example. Remington was bought by Cererus (the killers of Chrysler). They bought Marlin, Bushmaster and some others, too. They got rid of all of the corporate workers (some only making around $30K to $50K. They moved it all to one building and then starting hiring all of their people as Freedom Group (new name) execs. They created a VP of handguns for a company with one handgun. They are killing the company and milking its assets.
logicaquebrada85 1 month ago
@logicaquebrada85 Before, everything was being done in America, but now they are outsourcing as much as possible. The quality of the products have gone down, but with Cerberus people leeching on to take money from the companies, they will keep running it down until they kill it and move to the next investment. This is a business model for a lot of Investment firms. Like it or not, the facts show that people get rich off of the backs of others.
logicaquebrada85 1 month ago
@logicaquebrada85 Except of course, in the real world, not only has quality substantially omproved, but - excepting recessions - US manufacturing output has continually and substantially INCREASED (FRED). The facts bear absolutely no resembalnce whatsoever to the scenario you have presented.
FletchforFreedom 1 month ago
@logicaquebrada85 The problem with your example is that its disconnect from reality is enormous. HAD Chrysler been "killed", the culprit would have to have been government, which first intervened on behalf of unions and then prprevented the bankruptcy process that might have solved the problem. Obviously no one ever kills a viable business because that means losing money. That accusation shows a profound ignorance of business, human nature and simple reality.
FletchforFreedom 1 month ago
@FletchforFreedom False. The reason Chrysler didn't accept the bailout was the executive from Cerberus taking a paycut down to $1 in a fake gesture of pure showmanship and then refusing the bailout terms that everyone accepted (no bonuses).
I know business. It was Robert Nardelli. If you know anything about business, you know his reputation. The denial of the facts on the man and his business model are pure ignorance.
logicaquebrada85 1 month ago
@logicaquebrada85 You "understand" completely wrong. The unvarnished fact is that the open employment market has INCREASED employment here. And the wealthy pay a higher percentage of income as well, even factoring in capital gains (IRS). Corporations NEVER pay taxes, which are passed on to consumers, and investment - NOT consumption - creates employment (Econ 101). At least try to get your facts straight.
FletchforFreedom 1 month ago
@FletchforFreedom They pay a higher percentage, but they use tax shelters that aren't available to normal citizens. Like Romney and the Caiman Islands. Any person who is rich enough to pay those kinds of taxes is usually smart enough to get out of paying them, as it stands now. This is not to mention that they are given refund and break after break for being "job creators", despite not creating jobs with the Bush low tax rates.
logicaquebrada85 1 month ago
@logicaquebrada85 Actually Corporations do pay taxes. In the US it varies from 15 to 35%, but they can get out of it with loopholes. Capital gains are taxed at 15%, the same rate as someone who makes $8,500-34,500, so you are wrong again. Consumption drives employment due to the necessity to hire when demand for product is higher. That is Keynesian Economics. That is why we are talking about giving stimulus to the poor and middle class who won't simply save stimulus money.
logicaquebrada85 1 month ago
@logicaquebrada85 Of course, the myth of Romney's tax avoidance in the Caymans has been shredded so many times one should be embarrassed to repeat it (along with the Nardelli slur). That capital gains are taxed at a lower rate is economically justifiable and the simple fact that lower taxes on job creators have DEMONSTRABVLY created jobs, so the pretense to the contrary is simple nonsense.
FletchforFreedom 1 month ago
@FletchforFreedom Not really. The reason that we have had some of the lowest taxes on the rich for the last 12 years, but it didn't do anything to slow the fall that was coming. At the end of the Bush administration, we were losing jobs at a rate between 750k and 800k a month. It doesn't work.
Also, for Romney's tax returns, his own party is admitting that it could be ruin if he doesn't do it soon, without anything bizarre. The issue is skewering him.
logicaquebrada85 1 month ago
@logicaquebrada85 Yes, really. The lowest taxes for the rich distortion doesn't refer to tax rates or percentage paid but is a reflection of the income drop exprerienced by the rich due to the recession. And that the economy is suffering from Obama's continuation (and massive increase) of Bush's harmful policies doesn't mean things couldn't be worse with tax hikes.
As for Romney, your take bears no resemblance to anything actually said by the party or what;s happening in it.
FletchforFreedom 1 month ago
@logicaquebrada85 BTW, the 750 - 800K figure is entirely bogus. It never reached that level at any time and averaged about a third of that in 2008. That Bush's uncontrolled spending, bailouts, cheap money, additional entitlements, additional regulations (abandoning th free market in order to save it) were an unmitigated disaster (as have been their continuation) says nothing about the (proven) efficacy of lower taxes.
FletchforFreedom 1 month ago
In my job I make less than $12,000 a year, and people are complaining about making only $30,000 a year? they don't realize how lucky they are
DaMirrorLink 2 months ago 11
@DaMirrorLink Same here. I wish I made even $25,000 a year. Or $20,000 a year. I can't even afford a junk car. It fucking blows.
Anthony1324576890 1 month ago in playlist Uploaded videos
@DaMirrorLink what does luck have to do with anything
ubermisogynist 2 weeks ago
@ubermisogynist a lot, you can work your ass off and still not make a dime compared to people who lie cheat and steal
DaMirrorLink 2 weeks ago
@DaMirrorLink if luck you mean by being born in the right land mass..i guess but they have people in China and India who make $1 a day...the fact you can be on youtube to type this comment means you are better off than most people.
ubermisogynist 2 weeks ago
@DaMirrorLink Maybe you should find another job. I found it extremely difficult to live a comfortable life making $55k/yr.
4795623 2 weeks ago
I work at a Liquor store. On New Year's Eve the store made $110,000. The next week my boss was telling me he was having a meeting with corporate, and their #1 concern was cutting labor cost.
mexicanexalted1 2 months ago 13
@mexicanexalted1
Fuck them, that's awful. Why don't they cut down other unnecessary costs, like the fancy labels on the bottles and whatnot?
fountainherz 1 month ago
@fountainherz 5 Cashiers,2 gift basket specialists,1 beer manager,1 wine manager,1 wholesale manager,2 all around sales persons,1 janitor 1 deli manager 2 deli assistants 1 boss and 1 inventory receiver, me. all working a 12 hour shift.
Labor cost between 2,000 and 3,000 TX wages
Electricity Water etc I have no idea, the store is a little smaller than a Toys R Us
We had already received all our liquor, wine, beer, supplies on a previous day.
Total Cost 5,000 - 10,000 ?
Total Sales 110,000
mexicanexalted1 2 weeks ago
@mexicanexalted1 they made $110K but what was their expenses?
ubermisogynist 2 weeks ago
The only thing that the minimum wage does is to ensure that workers whose productivity cannot justisfy the higher wages don't get hired. You guys should watch more videos of Milton Friedman and less Cenk Uygur.
freemarket125 2 months ago in playlist Uploaded videos
@freemarket125 why would you encourage people to become more ignorant by watching milton friedman?
Just because he sounds good doesnt mean hes right.
If you enjoy being wrong, keep listening to him though.
waltermh111 2 months ago
@waltermh111 You're projecting. The reason Friedman sounds good is because, unlike what you find here, he has a grasp of economics and his comments are consistent with the avaialable data and actual history. People listen to Friedman becasue they enjoy getting ACCURATE information.
FletchforFreedom 1 month ago
@FletchforFreedom You dont know what projecting means.
But that aside, hes good but has many flaws. I like this analysis
nybooks . com/articles/archives/2007/feb/15/who-was-milton-friedman/?pagination=false
You might not simply because of its author, but its a good read.
waltermh111 1 month ago
@waltermh111 Projection is the attribution of yoir own charcteristics to others, which was the case.
I never argued Friedman was without flaws, though not nearly as many as Krugman, but then I didn't rely on him Nonetheless, his defense of the free market has always been entirely sound.
FletchforFreedom 1 month ago
@FletchforFreedom You know the definition but dont get what it means. I didnt have anything to project. What did I project that I become stupider by reading Milton Friedman?
His iignorance on some things sure can make me feel that way.
So maybe I am projecting, but it sure doesnt work in his favor.
As for flaws, yeah, Friedman has more and his dangerous beliefs have hurt us for a long time now. His defense of the market is one of his least sound beliefs.
waltermh111 1 month ago
@waltermh111 @waltermh111 I know exactly what projection means. You are projecting your own economic ignorance and inaccuracy (and, by extension, the act of being demonstrably stupid by listening to you) onto Friedman.
His defense of free markets has been impeccable and he has done no "harm" to anyone. Please don't repeat the "supported Pinochet" canard or do someting really imbecilic, like blame the current economic crisis on the fre market if you wish to be taken seriously.
FletchforFreedom 1 month ago
@FletchforFreedom So unregulated bankers, lending money to people they know can't pay back, ruining them together with the rest of the economy has nothing to do with the free market? No problem with backdoor politics, corrupt legislators or corporate fascism? Get your shit together.
MrUberAnarchist 1 month ago
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@MrUberAnarchist To the contrary, "unregulated bankers, lending money to people they know can't pay back, ruining them together with the rest of the economy" has nothing to do with REALITY and everything to do with the same talking point ignorance I've come to expect from socialists. Y'know, those people who foolishly deny that "backdoor politics, corrupt legislators or corporate fascism" are problems OF socialism. My shit's together; it's just not between my ears.
FletchforFreedom 1 month ago
@MrUberAnarchist if it was unregulated, the bankers really wouldn't set the low inflation rates for businesses to receive money when it's cheap when that's not so. ESPECIALLY if consumers don't have any savings at the time.
Of course corruption, back door politics, and corporate facism is bad. The only thing: Government gives out the power, without that corporations would have to be standing on their own 2 feet for failures and wouldn't cost a thing for us, the taxpayer.
kmelfina 1 month ago
@kmelfina If you mean the fed res, which is private and sadly uncontrollable by the gov to a large degree as we have seen around this crisis, yeah, thats not nearly socialist or big gov.
As for supposedly us not being hurt or companies not taking such big risks if the gov wasnt involved, history proves you wrong.
Business will always create the means to get what they want, even if gov isnt in place, or the gov doesnt have the power they need.
When they fail, we all still pay.
waltermh111 1 month ago
@waltermh111 If you wish not to embarrass yourself (further), then you should abandon the "private" Federal Reserve argument which no one with even the remotest grasp of economics or reality takes. The Fed is a national bank with governmnet monopoly power subject to state mandate.
And you cannot support the assertion that history proves companies taking big risks absent governmnet has hurt us because it is laughably contrary to history.
You are fact-free.
FletchforFreedom 1 month ago
@waltermh111 The Federal Reserve bank had forced lower interest rates. If it really WAS private there's no way in hell they'd give loans to people if there aren't any savings, especially if the money can be printed out of thin air with no backing.
Businesses answer to the customer, if they fail the rest of the successful companies get the business from the customers of the failed business. Government is there as a safety net to unsuccessful businesses which is immoral at best.
kmelfina 1 month ago
@kmelfina Of course, and this is the failure of libertarians.
Always this belief that if only left to their own divises a company would do the right thing.
They would never give loans to people of the nature you speak. People at the top knowing they can get rich this way and run off when the bank goes under?
Who would do that?
Some business owners answer to customers, other ones answer to their paycheck.
There is a rich guy, makes 3mil an hour gambling, not competing.
waltermh111 1 month ago
@waltermh111 Business owners dont make bad decisions due to safety nets, they historically, even when there werent safety nets, have done so because they were able to make alot of money short term.
Its not like they lose if the country goes down or if they sell out later.
Your ideolistic view of business is a problem in a discussion.
No wrong can be done, its all the gov fault that people are greedy at the detriment of others.
waltermh111 1 month ago
@waltermh111 Actually, the evidence that business owners act differently in a bailout environment is well established. What isn't remotely established is the "short term money" canard. Certainly greed exists, but only the distortions of government make all those mistakes happen at the same time (the central bank driven boom and bust cycle). The market ensures that "greedy" people earn their money by serving consumers. It has never been detrimental to anyone.
FletchforFreedom 3 weeks ago
@FletchforFreedom "It has never been detrimental to anyone."
To add to my last point of it being extremely wasteful, I hope you do realize that we do live on a finite planet, and it's estimated that many of the resources we rely upon will only be available through recycling in about 50 years, with some of them being completely mined in 20. What is more important to you? The needs of the consumer to get shitty cell phones that make pancakes or attempting to preserve the future of our species?
HorrendousGames 3 weeks ago
@HorrendousGames I realize quite well that we live on a planet with finite resources. As we are in absolutely no danger of exhausting them (you seem to be falling for the same King Hubbert Peak Oil nonsense), I am not concerned. The price system prevents such exhaustion, seamlessly adjusting consumption to dearest need, adoption of substitutes and/or more efficient usage.
Our species is in no danger whatsoever.
FletchforFreedom 3 weeks ago
@FletchforFreedom but how can you be sure..the population just keeps increasing and resources are finite..granted i doubt any of us will have to worry about it our lifetime. I am by no means a communist like Cenk and the young turds but I don't think consuming everything on the planet is good either
ubermisogynist 2 weeks ago
@ubermisogynist Resources are finite, but not fixed and we have barely scratched the surface in so many ways. Population is increasing NOT because too many people are being born but because, thanks to modern medicine, people are not dropping like flies. The population witll stabilize and likely decline in the next half century (a peak of 11-12 billion). We won't consume everything on our planet and economic efficiencies will prevent population groth from meaning comparable resouce usage.
FletchforFreedom 2 weeks ago
@waltermh111 To the contrary, the historical evidence is overwhelming that the market penalizes poor behavior and the disorted incentives created by government regulation and bailouts create the problem not mitigate it. Libertarians understand human nature; they're just not stupid enought to think it vanishes when the persons happen to be in government.
And the market ensures that business owners answer to customers becasue customers CONTROL his paycheck.
FletchforFreedom 3 weeks ago
@FletchforFreedom You keep believing your fantasies.
And on your last point, customers stopped controlling paychecks since companies left their neighborhoods. Its nearly impossible to get 1mil people to boycott a company.
When boycotts happen it tends to maybe be a few 10s of thousands at most, a blip on the radar. Sometimes the company reacts to press, often it doesnt, and the company reverts back when things calm down.
Anyway, you can have another last word, I mean fantasy
waltermh111 3 weeks ago
@waltermh111 You proceed from a ridiculous assumption. The very fact that people do not boycott a company demonstrates not that consumers do not have power but that those consumers demand what the company provides more than either the wealth they must part with to attain it AND any desire to engage in a boycott (usually based on ignorance anyway - like protesting "sweatshops" or some other foolish thing).
His pay depends on meeting consumer needs, not paying attention to tiny boycotts.
FletchforFreedom 3 weeks ago
@FletchforFreedom The base principal that mast of these larger corporations run off of is cyclical consumption. In order to continue getting money from the consumer, companies design their products to fail in a given time. They are also designed to cost a substantial amount of money to be repaired. People simply aren't intelligent enough to combat this type of scam, and these companies know this. Not to mention this practice is extremely wasteful.
HorrendousGames 3 weeks ago
@HorrendousGames The "planned obsolescence" canard simply refuses to die no matter how many times its been disproved (and now the Venus Project/Zeitgeist Movement drones have resurrected it). Product quality has consistently improved and higher quality goods can always be obtained at a higher price but most people DON'T want to waste money on something that lasts forever if a technological upgrade will be available in short order.
FletchforFreedom 3 weeks ago
@HorrendousGames Nor are goods "designed" to be expense to repair. If you had to pay $900 for a base cell phone that would last for decades (assuming you didn;t lose it or want an upgrade), paying $80 to repair it would be worth it. When the less durable model sells for $99, there's no point. The "practice" you are discussing is extremely efficient because it doesn't waste resources, including labor, on things consumers do not wish to pay for.
FletchforFreedom 3 weeks ago
@waltermh111 I was watching a lecture by Noam Chomsky a while back, and he pointed out the irony of the neo-libertarian movement that gripes about the terrible tyrannical government, when their solution to the problem is to grant unlimited power to the large corporations, which is essentially trading one tyranny for a vast amount of tyrannies. If the American public is too ignorant to keep track of one, what makes you think they're capable of handling anything more?
HorrendousGames 3 weeks ago
@HorrendousGames Its more delusional than that.
Many believe an equivalent to corps isnt possible in a free market. Somehow people will keep them small.
Or if they get too large, well, you know, that invisible hand of the market.
And if something too big to fail level crashes, sucks for people but it will be fixed in months.
Its all really nonsensical and history proves them wrong, but thats ideology for you.
waltermh111 3 weeks ago
@HorrendousGames Part of the problem is in taking Noam Chomsky seriously. Corporations are not tyrannical and, unlike governments, cannot force you to do anything. They retain only as much power as consumers grant them in return for meeting their needs AS consumers. In return, they also provide opportunities for employment that would not otherwise exist and cannot exist in the absence of both private property and a price system.
FletchforFreedom 3 weeks ago
@MrUberAnarchist In actual fact, US bankers are among the most regulated individuals in the world, deregulation had NOTHING to do with the crisis, not only was there no real lending to those know to be unable to pay but the overwhelming majority of sub-prime borrowers still ARE paying, and the real estate bubble and bust was a SYMPTOM of the Fed's (socialistic) manipulation of the money supply, not the CAUSE.
Research instead of talking points - always the recommendation.
FletchforFreedom 1 month ago
@FletchforFreedom They can be the most regulated in all the wrong ways.
Canada and other supposedly less regulated countries have different controls that helped them, or they will nationalise a banking system to fix things.
Your own canard is so easily falsifiable.
As for you rest, its not supported by leading minds on the issue, and its just an i hate the fed/socialist mentality. Everything must fit into your world view or you will make it so
Your nothing but talking points
waltermh111 1 month ago
@waltermh111 Since, of course, the national bank (the Fed) is what precipitated the crisis, your claim of having falsified anything is humprous to say the very least.
As for the rest, I can defend my positions without difficulty - they being consistent with the ACTUAL leading minds on the subject - consistent with actual history and overwhelmingly accepted economics. I am presenting the consensus position.
Your talking points bear no resemblance to reality.
FletchforFreedom 1 month ago
@FletchforFreedom No, you still dont know what projection means, or you are simpy abusing the word to your ends.
I have other educated economists to counter friedman with.
You can say they are projecting, but not me for pointing to solid arguments used against him.
I consider his version of markets to be harmful, and therefore he has done harm to lots of people.
As for the rest, the current crisis is a problem of constant deregulation and lack of controls on greed.
waltermh111 1 month ago
@waltermh111 I am not responsible for your failings with the English language. If you have other "educated economists" or "solid arguments" to counter Friedman with, by all means present them - you have not as yet even made the attempt.
Since, in fact, the current crisis is demonstrably NOT a problem of deregulation of any kind - there having been NONE that even bears on the crisis - you'll forgive my skepticism about your "educated economists" and "solid arguments".
FletchforFreedom 1 month ago
The minimum wage law does not mandate that anyone actually get a job at that higher wage. Clearly, it does low-skilled job prospects little good to have a higher wage if in the process they end up with no jobs at which to be earning that wage.
freemarket125 2 months ago in playlist Uploaded videos
All this means is median pay is 26k. But it is 20k in 22 European OECD countries (check politifact). Besides it includes about 50 million people who either haven't worked all year or part time jobs. It's about 50k for men if you look at the statistic.
interstate317 2 months ago
@interstate317 Its even worse than I thought!! According to the US census bureau the median salary is $26,197 for the 243 million americans aged 15 an older. Not the 153 million that are members of the workforce as I had originally thought. It includes senior citizens, and stay at home moms!
I became suspicous when the average person makes $26k a year and yet the median household income for 2 income earners is over 80 grand.
interstate317 2 months ago in playlist Uploaded videos
@interstate317 Also, I dont know where you get your info, but the median of 26k isnt calculated per person, its per household.
The median income per household member (including all working and non-working members above the age of 14) was $26,036 in 2006.[5] In 2006, there were approximately 116,011,000 households in the United States.
This will cut out many senior citizens, though it will count those making money from SS.
It doesnt count 100% of US to my understanding.
waltermh111 1 month ago
@waltermh111 I get my data from the source - the US Census Bureau. The median hosehold income is $49,445 (2010); the figure mentioned in the video is the median WAGE per worker (which DOES NOT count Social Security or benefits or a whole host of other things. Feel free to check.
FletchforFreedom 1 month ago
@interstate317 But to repeat, even by your standard, its pretty crappy and the same rule would have to apply to other countries which should even it out and make us worse due to how little we get for our money.
Not that other countries arent worse, for sure we arent 3rd world or the bottom of the first, but your not making us look any more stable than the original number with this downplaying.
waltermh111 1 month ago
@waltermh111 Even by my standard, the median household income in the US is the second highest on the planet and we have the wealthiest "poor" in the world with more disposable income, assets, living space, access to medical care (again, the best in the world), etc. The US has a higher living standard than all of Europe including (excepting only Norway due only to its massive oil exports).
All of this is easily checked.
FletchforFreedom 1 month ago
@FletchforFreedom We get all this because we have massive amounts of debt. Once we can no longer borrow money and we realize that printing more won't help either, we'll see our country fall to the living standards we are really at. It won't be pretty.
Erduk 1 month ago
@Erduk You are largely correct except that the impact of the debt is already being felt in the reduced availability of liquidity in the credit markets, devaluaton of savings and investment, etc. It's already pretty ugly and every dollar that the governmnet spends merely makes it worse.
FletchforFreedom 1 month ago
@interstate317 Then it would also be higher in those europe countries by your standard.
But something to remember is, at least I am willing to bet, in those 22 european countries, you get more service for your money.
Especially those making under the median tend not to have healthcare, many have other ills of low income, and people without income tend to have it worse than in many euro countries.
Its crappy to be half of america. 30k is only the beginning of income sanity also.
waltermh111 1 month ago
@waltermh111 In fact, excepting the recessionary period, unemployment has typically run twice as high as that in the US over the last four decades. The notion that they get more for their money is absolutely baseless.
The assertion that those under the median tend not to have healthcare is completely false. The vast majority of them have health INSURANCE as well as care (which is the best in the world across income levels).
FletchforFreedom 1 month ago
I live in Australia and our minimum wage is $15.51 p/h ($15.94 USD) and anyone can get a job paying over $20 p/h.
What the hell is going on in the USA?
neomysterio 2 months ago
@neomysterio Ayn Rand and Ronald Reagan had a tryst in 1982 and begat 30 years of equity stripping and war on labor. Reagan made the ultimate Faustian deal with the banksters by pawning America for unlimited credit. We promised we would win the world for globalism if the bankers would fire the USSR and hire us. They did. Now the bankers are mad because they invested trillions and we haven't delivered the world into their bloody maws. America's serfs are being bled for the difference
InfiniteMushroom 2 months ago
@neomysterio If you can help me get a desk job, a work visa, and my belongings shipped, I'm packed and ready to go!
scottandrewhutchins 2 months ago
@neomysterio 1. Wow! the country with the 5th highest cost of living in the world has a really high minimum wage, who would have guest? Is it paying off? The USA has 828 Motor vehicles per 1000 capita. Median house size is 2255 sqft. what is it in Australia?
2. The fact that you can find jobs NOW is meaningless, we all had jobs in 2007!
"The Economist, says Australian homes remain the most overvalued in the world."
Australian home prices 56% overvalued Mar 4th, 2011
interstate317 2 months ago
@justcallmeassinine Why I want to move to Britain? Primarily, because I'm hoping I can finish college there & not be drowned in as much debt as I would in America, and I would like to be part of an electric car business (not merely hybrid, but full-blown electric), and I think a green energy business would have a better time in a more liberal place like Britain. Also, my pink skin sunburns too much here in Southwest US, and need a cloudier place.
cleanhomer 2 months ago
revolt
McMuffin752 2 months ago in playlist More videos from TheYoungTurks
@superphi Yeah and you're also deliberately missing the point. Americans care about the american standard of living because they are American. If Africans are tired of living in piss poor conditions then they should probably get rid of the dictators who are either stealing from them or running their counties into the ground.
DeadMech1 2 months ago
@DeadMech1 Haha what is American standard of living, and African's standard of lving is suppose to be shittier then American standard of living, maybe African's r fighting for higher standard of living and maybe they would have had it if the USA didn't exploited them B4. And now the poor Americans r getting exploited by the rich just like the USA exploited Africa but the difference is ur still way better of then normal Africans so stop bitching.
superphi 2 months ago
@superphi You've done nothing to refute my point. Your leaders are the problem. Even in the past when the rest of the world was exploiting you it was your leaders that sold you out for their personal gain. And regardless I refuse to be held accountable for the actions of people who did these things before I was born. Maybe you should project your anger in a productive direction. Demonizing a country as a whole just because it's more affluent isn't going to fix things where you are.
DeadMech1 2 months ago
What's the most shocking thing about this story? The fact that I've gotten to the point where I'm not even shocked. Hell, I'm not even mildly surprised.
TheCreeperhunter 2 months ago
@TheCreeperhunter
The "story" is left wing propaganda, and you're not surprised because this nonsense is repeted all day long.
We now interupt for the following test.
Buzzzzzzzzzzzzzzzzzzzzzzzzzzz
killjoy1001001 2 months ago
1/5 drop? No wonder US is in the shitter.
Tounushi 2 months ago
@MrSpencerport Rabadooda does not appear to be a progressive or a liberal.
scottandrewhutchins 2 months ago
@TheLowEndTheory I would love to make $26,000 a year, but my master's degree apparently makes me overqualified.
scottandrewhutchins 2 months ago
@DarkosApprentice It's nice that you can put money in savings. Some of us have to pay the rent.
scottandrewhutchins 2 months ago
@scottandrewhutchins I'm not rich but I've never had to struggle due to PLANNING. I owe exactly $0 in educational debt. Also no you don't need a recommendation. You just take the LSAT get some old profs to recommend you which isn't hard and apply. I'm a skilled writer too I just don't plan on making it my career. If you don't want to rack up more debt maybe do vocational training like police work, carpentry, join the military, machinist etc.
HaysuusisaG 2 months ago
@HaysuusisaG I haven't been able to get old profs to recommend me in my own discipline. At my exit interview from grad school, I basically got told "we don't like you because you're introverted." You've demonstrated your subliteracy because I stated that I have physical problems that limit me to a desk job. You are a snob and an ostrich.
scottandrewhutchins 2 months ago
@scottandrewhutchins Sigh if you want to be an idiot and ignore what every single commentator telling you the same thing I'm telling you then so be it. Just don't blame us for your incompetency. Also if you are an English major I'm sure you can find better insults then that.
HaysuusisaG 2 months ago
@HaysuusisaG I know I'm incompetent at math. I'm sorry about that. But apparently, I deserve to be treated like trash as a result. Our society currently thinks someone who can't use basic grammar but is good at math is a genius, and that someone intellectual in every area but math is an idiot, as you said. That isn't helpful to me, nor is telling me to go to law school when I have $5 in the bank.
scottandrewhutchins 2 months ago
@scottandrewhutchins Vocational training is a legitimate alternative even for someone with your "problems." If you are unwilling to look for another line of work you will be homeless and no one will care. You still haven't gotten over yourself yet. You seem to have a superiority complex even though you are a complete failure. No one is going to hire a beggar with an attitude.
HaysuusisaG 2 months ago
@HaysuusisaG You are insane.You are exactly what is wrong with this country. I cannot do physical labor, and you are a fool for suggesting it.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
How could such a loser be so smug?
Think about that for a while stinky.
killjoy1001001 2 months ago
@scottandrewhutchins Who is the insane one for sitting around and doing nothing. Ok so you can't do physical labor. Do you know how snobbish and elitist that sounds? Go write a novel and publish it yourself. I'm out of ideas for you and I was trying to help you but obviously you blame everyone else for your problems. Your inability to take responsibility is what is wrong with you and is unfortunately too commonplace in our society today.
HaysuusisaG 2 months ago
@HaysuusisaG I have written a novel. Nobody wanted it. I've written three plays and five screneplays that nobody wanted, either. Wouldn't even read them before deciding.
Only a complete and utter imbecile would say that is snobbish and elitist for someone with my physical challenges to refuse physical labor. Excuse me for not wanting to damage myself to the point that I qualify for complete disability. You should be happy that I don't want to permanently receive public funds.
scottandrewhutchins 2 months ago
@HaysuusisaG Do you consider the unanimous opinion of multiple M.D.s, 2 D.O.s, 4 D.P.Ms, a chiropractor, and a licensed massage therapist to be snobbish and elitist? All of them have said that I need a desk job and can't safely do physical labor.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Your brain is far more crippled than your body will ever be.
Sincerely,
Your heartbroken Mother
killjoy1001001 2 months ago
@killjoy1001001 I can conquer you in any IQ test.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Ne sois pas bête mon bébé douce petite
killjoy1001001 2 months ago
@killjoy1001001 J'ai réusssi a l'examen de The International High I.Q. Society, Mme. Joie de Tuer..
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Sicher hast du gimpy.....
killjoy1001001 2 months ago
@HaysuusisaG When my dad died and left me $37,000 in life insurance money. I asked everyone I knew who invested how to invest this money. They told me that it wasn't enough to consider using on stocks and to put it in a money market. I made $200 before I had to pull so much out to pay my rent that it became a liability. Now it's all gone, and I may end up on the street because other people are too stupid to interview me for an office job.
scottandrewhutchins 2 months ago
@HaysuusisaG At the time I took it, the only people who considered my major "worthless" were my mother and brother. The advice from commentators that you see now was not the advice that was presented in 1993-96.
scottandrewhutchins 2 months ago
@HaysuusisaG The fact that you even brought up vocational training in light of what I said proves just how numb and rote your mind is. Couple that with the fact that the United states in an anti-intellectual society, and I'm in the wrong place with no ability to move.
scottandrewhutchins 2 months ago
@HaysuusisaG I was obviously raised very poorly. I was brought up in an environment that said "Do what you love and the money will follow," but also said that I couldn't succeed at what I love doing, so I was immersed in a lose-lose psychology from which I have never broken free, in site of my efforts.
scottandrewhutchins 2 months ago
@DeJach When simply keeping a roof over your head demands that you live form paycheck to paycheck, you live paycheck to paycheck or you live in a homeless shelter, and what is the point of having money if you're living in a homeless shelter?
scottandrewhutchins 2 months ago
@scottandrewhutchins I never had money my parents were refugees from China. They literally came here after commies stole all their property so they had nothing. I was born here but had nothing to my mother finally got a masters in social and began making $80,000 a year. You assume too much. All through college I couldn't even get scholarships for minorities because Asians aren't a minority in college. So I got jobs at school to pay for anything fafsa and my parents couldn't cover.
HaysuusisaG 2 months ago
@HaysuusisaG Just be glad you don't have plantar fasciitis, sciatica, slipped discs, and scoliosis that went undiagnosed until you were 29 because of incompetent medical practitioners. That's kept me from getting a part-time job even when I desperately needed money, because I spasm and have to grab furniture to not fall when I spasm after long periods. I don't qualify for disability because I can work a desk job, even though it's been a nightmare trying to get anyone to interview me.
scottandrewhutchins 2 months ago
@Zeezee1996 I have an M.A. and have never made more than $18,000. Your argument fails.
scottandrewhutchins 2 months ago
@scottandrewhutchins maybe you should've put more thought about what you major in?
chrisknows 2 months ago
@chrisknows I majored in what I was good at and wanted to do, not in what I wasn't good at and didn't want to do.
scottandrewhutchins 2 months ago
@scottandrewhutchins well im sure if i could get a phd in masturbating, i'd be at the top of my class...i'd know that once i graduated however, very few people are looking for someone with that skill
chrisknows 2 months ago
@chrisknows Hundreds of thousands of people are employed in media and publishing. Why can't I be someone employed anywhere?
scottandrewhutchins 2 months ago
@scottandrewhutchins look dude, i respect that you went after what interests you, and if you truly want something, you can achieve it. everything in life takes sacrifice, you might need to move, you might need to slum it out for a few years, but if you persist, you'll get it
chrisknows 2 months ago
@chrisknows I spent the better part of last year in housing court, and if my grad school colleague changes his mind, it will happen again.
scottandrewhutchins 2 months ago
@chrisknows At the moment, I am stranded in my neighborhood because I can't buy a Metrocard, and my Internet service will be turned off if I can't pay $50 by the 9th. I have about $5 in the bank right now. And it looks like I'm not going to get food stamps this month.
scottandrewhutchins 2 months ago
@scottandrewhutchins
How long have you been dressing up her corpse?
killjoy1001001 2 months ago
@killjoy1001001 You're an idiot. My mom is 69 and very much alive, and she acts like my lack of employment is entirely my fault and nothing to do with the economy.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
She's right
killjoy1001001 2 months ago
@killjoy1001001 Shut up, troll!
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Your mom watches you waste your life behind a computer screen al day long.
killjoy1001001 2 months ago
@killjoy1001001 No she doesn't; we live 800 miles apart.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
She knows sweet pea.....trust me.....she knows.
killjoy1001001 2 months ago
@killjoy1001001 What job would I do that's not behind a computer screen when I have a master's degree and my doctors say that I need a job where I can sit down, dumbass?
scottandrewhutchins 2 months ago
@scottandrewhutchins May I suggest a good law school? If your grades were really as good as you say then going to a decent law school will earn you decent employment. Unfortunately They world doesn't revolve around you and what you want to do. I honestly dislike math but I need to suck it up and keep doing math in my current line of work. Bro you really need to reevaluate your life or else you will always be unemployed and most likely homeless.
HaysuusisaG 2 months ago
@HaysuusisaG You mean you can just apply to law school with an English degree? Wouldn't you need a professional recommendation from a lawyer? I've heard that it's now even difficult for lawyers to get work. Is there really a point in racking up more student loan debt when I already owe $57,000? You seem really naïve because you appear to never have struggled economically. I have been told that I am a very skilled writer but that my content is unmarketable, so I know about the uncaring world.
scottandrewhutchins 2 months ago
@scottandrewhutchins I'm not saying you are a moron but you are certainly naive and lack planning. Like my dream is to become a firearms instructor however I still majored in engineering because firearms don't earn you decent pay. Its nice to do what you love but all of us will need to settle most of the time. Also frankly none of the tests you gave matter. No one cares you were on a college track because so was just about everyone else not living on the street.
HaysuusisaG 2 months ago
@HaysuusisaG But I'm going to have to live on the street because I don't have the aptitude for engineering. That's really fucked up. It seems our society has streamlined itself to the point where only one sort of aptitude matters, and its the one I don't have.
scottandrewhutchins 2 months ago
@scottandrewhutchins it's
scottandrewhutchins 2 months ago
Comment removed
scottandrewhutchins 2 months ago
This has been flagged as spam show
@HaysuusisaG In what way do I lack planning? I began as an undergraduate in 1994. The economy was quite strong then. I started as a biology major to please my parents, but it wasn't working for me, and I could barely pass college-level algebra. I've known what I wanted to do since I was very young, and it didn't involve biology. How was I supposed to know that the market would fall out the year that I graduated???
scottandrewhutchins 2 months ago
@HaysuusisaG They only reason I mentioned the college track is because I've had idiots suggest that I should have gone the vocational training route, totally disregarding my intellectual level and my physical challenges.
scottandrewhutchins 2 months ago
@chrisknows My mom says that I should have majored in accounting because that;'s where the demand is. I find her comment stupefying considering that math was the only subject area where I didn't score above 97% in standardized testing (not even close). She should have gotten me math tutoring if she wants to say that. She also should have taken me to the doctor when she notice a problem with my gait so that the damage I have now could have been prevented.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
So, It's all "mother's" fault huh.
You're a psyco.
You know that don't you?
killjoy1001001 2 months ago
@scottandrewhutchins
MOTHER!
killjoy1001001 2 months ago
@scottandrewhutchins Unfortunately there in lies your problem. You got degrees in literally the most worthless fields of study. Getting a degree in English is ridiculous because its our native language. Your unemployment is caused by yourself. Even in a good economy finding a gainful work with an English degree would be difficult. I suggest going back to school and learning something more useful. Or maybe you can move to Asia and teach English there is some demand there.
HaysuusisaG 2 months ago
@HaysuusisaG I got an English degree because I want to work in publishing. What degree would you suggest? Keep in mind that I medically require a job where I can sit down. Also keep in mind that my GRE was 660 verbal/330 math, SAT 620 verbal/490 math, and my high school standardized test scores placed me at 97% or above in every area except math (low 70s) and was in the college-bound tract all through high school. I assume you would judge me a moron for my one intellectual weakness, though.
scottandrewhutchins 2 months ago
@HaysuusisaG The problem is that in order to get into an industry that I want, you have to be able to afford an unpaid internship, and I couldn't afford it. Unpaid internships ought to be considered slavery under the law. Most internships require current student enrollment, so it seems impossible that I could get a job where my aptitudes are, simply because my family isn't rich. That's the problem, not my major.
scottandrewhutchins 2 months ago
@HaysuusisaG By the way, I am also Adobe Certified in Dreamweaver, Photoshop, and Flash, but since I can't afford these programs, and have not completed any professional websites (I simply took a free class from the city and was the first to pass the certification tests in all three areas), that doesn't seem to help, either.
scottandrewhutchins 2 months ago
@scottandrewhutchins Its called being an adult. I started watching the stock market and paying attention to financial news when I was 16. If you had done the same you would have known. If you can barely pass college algebra you have some serious problems. Not passing calc is one thing but college algebra is mostly algebra 1. You need to stop blaming the world and look in the mirror.
HaysuusisaG 2 months ago
@HaysuusisaG I have skills that qualify me to work in multiple ways. Whether I can pass algebra should not have a whit to do with whether I can get a job interview. You obviously came from money that you could afford to invest. Not everybody does. You are making yourself look more and more like an ignoramus one-percenter.
scottandrewhutchins 2 months ago
@JackofOneTrade567 We know that your statement is false because not enough businesses are paying survival wages as it is.
scottandrewhutchins 2 months ago
@scottandrewhutchins That doesn't prove my statement false. No doubt you speak of big business, which doesn't need to bend to the will of its employees because big business has govt backing.
JackofOneTrade567 2 months ago
@JackofOneTrade567 Actually it does, you like Karl Marx and Ron Paul, expect businesses to behave in a particular manner that is not reflective of real life.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Banks do not give out risky loans "in real life" (as you so sophomoricly put it) UNLESS the government BACKS the loan.
Just log off. You're in waaaaaaaaaaay over your wittle, unemployed head here.
killjoy1001001 2 months ago
@killjoy1001001 Get your ignorant, retired ass off the computer. You make yourself look like an idiot.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Shhhhhh.....hush now baby.
The adults are talking now.
killjoy1001001 2 months ago
@scottandrewhutchins,
Only an IDIOT cannot see cannot see the cause of this collapse.
Big Govt. backing Big bisiness.
Congratulations!
You're an idiot!
A1B1C198 2 months ago
@A1B1C198 Except that I can see that, so you have no point.
scottandrewhutchins 2 months ago
@scottandrewhutchins,
Well then.....
.....WHATS YOUR FUCKING POINT YOU POINTLESS, BRAINLESS, JOBLESS, CLUELESS FUCK!
A1B1C198 2 months ago
@scottandrewhutchins I expect them to behave like entities trying to make a profit, but the same can be said of individuals. Everyone is trying to make more money, and their competing interests will lead them to compromise.
JackofOneTrade567 2 months ago