Aces High Bulletin Board
General Forums => The O' Club => Topic started by: indy007 on March 04, 2005, 08:11:52 AM
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U.S. payrolls grew strongly in February (http://www.msnbc.msn.com/id/7087469/)
WASHINGTON - America’s employers added a sizable 262,000 jobs in February — the most in four months. The new hiring, however, wasn’t sufficiently brisk to accommodate a wave of job seekers, and the overall unemployment rate rose to 5.4 percent.
The latest snapshot of the country’s employment climate, released by the Labor Department on Friday, showed job gains across a range of industries — from manufacturing and construction to retail and business services.
The gain of 262,000 jobs in February was stronger than the increase of 225,000 positions that economists were forecasting before the release of the employment report. Payroll growth in February was up from January’s sluggish gain of 132,000, which was less than the 146,000 increase initially reported.
The rise in the overall civilian unemployment rate to 5.4 percent in February was up from 5.2 percent in January. The increase last month came in part as more jobseekers streamed back into the market.
The unemployment rate is calculated from a separate statistical survey than the payroll figures. Thus, they can offer somewhat different pictures of what is happening in the labor market.
Economists believe the economy in the January-to-March quarter is growing at a rate of around 4 percent, which would be a sufficient pace to spur solid job creation.
President Bush — who was plagued with questions about the health of the job market throughout his first term in office — wants to see the job market and the economy on a firmer footing. He especially needs that as he tries to sell the American public and Congress on his overhaul of Social Security and of the nation’s tax code.
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Yes, and all of the ones that I'm being offered pay 60% of what I was making 6 months ago.
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Yeah, I got a new job last July.
I don't make **** though.
-SW
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Lower wages, fewer jobs qualifying for overtime pay, much more expensive healthcare, and now your guaranteed retirement benefits are being threatened.
Oh, and I read to today crude oil at $80/bbl is possible.
Pretty tough row to hoe for the American worker these days.
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Originally posted by oboe
Lower wages, fewer jobs qualifying for overtime pay, much more expensive healthcare, and now your guaranteed retirement benefits are being threatened.
Oh, and I read to today crude oil at $80/bbl is possible.
Pretty tough row to hoe for the American worker these days.
Probably will continue to be tough until standards of living in other parts of the world achieve our levels and it no longer pays to outsource... or maybe we achieve something drastic like a switch to hydrogen cars.
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Originally posted by indy007
Probably will continue to be tough until standards of living in other parts of the world achieve our levels.
Or, more likely, ours deteroriates to their levels.
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I make 3 times what I did 3 years ago
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What line are you in, Martlet? Bankruptcy law or pharmaceutical sales?
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Originally posted by oboe
What line are you in, Martlet? Bankruptcy law or pharmaceutical sales?
kleenex
for all you cry babies
10,948.53 (http://finance.yahoo.com/q?d=t&s=^DJI)
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Originally posted by Eagler
kleenex
for all you cry babies
10,948.53 (http://finance.yahoo.com/q?d=t&s=^DJI)
Don't worry, the market will go down again. Just like it did in 2000. Did ya hear oil might hit 80 dollars a barrel? Might want to keep the Kleenex handy.
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It was a serious question, and I made a couple of reasonable guesses. I assume his professional is legal, btw.
Another reasonable guess is that he is two years out of college.
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Jesus, all you ******* going on like you deserve enough money to live on.
Why don't you move to YUROP, you ****ING COMMUNISTS!!!????!?!?!?!?!?!
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If I can figure out what Martlet does for a living, I can start a company in that same field, and then if its possible, move all the positions offshore and save 90% on my labor costs. There must be a good demand if he was able to triple his income in the last 3 years.
Oh, wait a minute...I think I just figured out he is a CEO of a company being bought out by a competitor.
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Originally posted by Urchin
Jesus, all you ******* going on like you deserve enough money to live on.
Why don't you move to YUROP, you ****ING COMMUNISTS!!!????!?!?!?!?!?!
Might not be a bad idea, I hear medical is free.
End of the month I go on unemployment. Company I worked for for the last 20 years is closing.
But I must say, that as a Japanese company they are treating us a lot better than most of the American companies that are closing around here are treating their American workers.
Or the foriegn ones, such as Electrolux.:confused:
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Oh quit yer whinning, your future is what you make of it.
I know folks who dont make $50k a year but love what they do. I know folks who make $100k a year and still want more.
Have at.
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Skill and creativity is always in demand. If you dont have the latter you can aquire the former.
I have never met anyone who could not get a job if he/she was willing to try anything or move.
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Originally posted by oboe
What line are you in, Martlet? Bankruptcy law or pharmaceutical sales?
IT. I made a move almost three years ago that was a decent pay raise, then I just made another recently that almost doubled it again. I stayed within the same industry.
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Maybe if your job doesnt pay as good as it did three years ago you were over paid then.
Jobs work on supply and demand. Places will pay more for workers that are in short supply.
EDIT:
and its not just outsourcing, the technology market is changing/evolving. I lost my job because Motorola said they'd fix any of our trunked radios for a $200 flat rate. No longer do you need 3 radio techs making $20 + an hour......1 plus a shipping clerk will do just fine.
all Motorola does is throw the broken ones away after recycling the precious metals.
That's alot of the reason why I re-enlisted. Garunteed work for 4+ years with a possible retirment check only 10+ years away.
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Yes, and all of the ones that I'm being offered pay 60% of what I was making 6 months ago.
Too bad you have job skills that must not be ion as strong demand as it was in the past. Or maybe your field is flooded with talent. Nahhh, that couldn't be it, it HAS to be Bush's fault.
:rofl
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(http://ichart.finance.yahoo.com/w?s=%5EDJI)
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Originally posted by Martlet
IT. I made a move almost three years ago that was a decent pay raise, then I just made another recently that almost doubled it again. I stayed within the same industry.
Sorry about that if my comments hit pretty close to home. The fact is there are thousands of workers in India, China, the Phillippines, etc, who have PhDs in Computer Science and would be most likely willing and able to do what you do for less than 10% of your salary. And every day more companies are willing to take advantage of the savings. It gets easier and easier for companies to move IT operations offshore.
I think you are right to job-hop like that - loyalty to companies is dead, killed by senior execs who value short term profits over long term stability. Get what you can while you can, then move on. No matter how good you are, you are simply a salary cost to management, one that is being constantly compared to salary costs elsewhere. If the numbers don't look right to the person(s) making the decisions, you will be out faster than ***** through a goose.
If you are able, go quickly for an ownership stake or high level leadership role in the company to protect yourself. Or keep at least 6 months living expenses on hand at all times, and get used to looking over your shoulder.
Good luck to you, Martlet.
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Originally posted by oboe
Sorry about that if my comments hit pretty close to home. The fact is there are thousands of workers in India, China, the Phillippines, etc, who have PhDs in Computer Science and would be most likely willing and able to do what you do for less than 10% of your salary. And every day more companies are willing to take advantage of the savings. It gets easier and easier for companies to move IT operations offshore.
I think you are right to job-hop like that - loyalty to companies is dead, killed by senior execs who value short term profits over long term stability. Get what you can while you can, then move on. No matter how good you are, you are simply a salary cost to management, one that is being constantly compared to salary costs elsewhere. If the numbers don't look right to the person(s) making the decisions, you will be out faster than ***** through a goose.
If you are able, go quickly for an ownership stake or high level leadership role in the company to protect yourself. Or keep at least 6 months living expenses on hand at all times, and get used to looking over your shoulder.
Good luck to you, Martlet.
That's not completely true. You aren't just a salary cost to companies, you're an asset.
If they can get the same asset elsewhere for less money, they will. However, it has to be an acceptable asset.
My worth to the company isn't my set of job skills, they can find plenty of other people with the same skill set willing to work for less. My worth is my knowledge of the industry in New England. You can't hire someone from India that has the same knowledge and connections that I do. I made myself valuable, not just another resume.
I'm not loyal to a company. I am, however, loyal to people and ethics.
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Originally posted by oboe
Lower wages, fewer jobs qualifying for overtime pay, much more expensive healthcare, and now your guaranteed retirement benefits are being threatened.
Oh, and I read to today crude oil at $80/bbl is possible.
Pretty tough row to hoe for the American worker these days.
Victim.:rolleyes:
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Originally posted by Eagler
(http://ichart.finance.yahoo.com/w?s=%5EDJI)
Health execs cash in big $$$
February 14, 2005 TRACK0214
February has been a red-letter month for a half-dozen officers and directors of Minnetonka-based UnitedHealth Group. Collectively, the six exercised stock options that resulted in sales totaling $29 million during the first two weeks of the month.
General Counsel David Lubben was the largest benefactor, netting $12.1 million after exercising nearly 156,000 options at $11 to $13 a share and selling them at $90 a share. Other executives making some cool change were William Munsell, chief executive of the Specialized Care Services unit, $5.7 million, and Uniprise CEO Tracy Bahl, $5.6 million.
Board members who cashed in options included former Clinton Cabinet member Donna Shalala, $3.3 million; former New Jersey governor Thomas Kean, $1.3 million, and William Spears, $1 million.
UnitedHealth has had several years of record revenue and double-digit profit growth, which has translated into a strong stock price. Company Chairman Dr. William McGuire last year took home $114.5 million from stock options.
Yep, money to be made there. Especially if they give you the stock.
I guess health care expense isn't the band aids or the treating doctor.
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dear mr OneWordAnswer
please say you also have another account here that is less annoying
;)
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when did your case of class envy start?
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Feeling threatened Eagler?
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I'm in the best financial situation of my life. I like the road I'm hoeing just fine, thanks.
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Originally posted by Steve
I'm in the best financial situation of my life. I like the road I'm hoeing just fine, thanks.
It's just another case of the "too lazy to make its" blaming someone else.
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Originally posted by oboe
Feeling threatened Eagler?
LOL
I hope no one is envious of my "got married, had a son at 19 and worked every possible hour to support my wife and two kids" collection of wealth
LOL
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Been with my current employer for 4 years this June. My pay has increased about 20% each year. I expect it to do the same this year.
I somehow manage to spend that 20% before I ever see it:eek:
My wife owns a business with her family. They're going on 10 years or so. They have customers that have commited 3 years in advance. They turn away customers because of regulations limiting what they can do. They are expanding their capabilities to triple what they can handle. Even with the expansion they have a waiting list.
Ain't nothin wrong with the economy over here.