DOW minus 329 points-another recession ?!

[zack1234]

Brooke some famous politicians wife in the 1880's said it was cruel to educate the masses because they would realise how bad they were being treated, and giving then baths was silly because they would put coal in it.

I knew a bloke who was a pipe fitter, when i went round his house one day he had no floor boards, he told me he had put them on the fire, he never thought it was odd

I worked with a bloke who printed out his evication notice for not paying his rent, he had been to Spain for 2 weeks  for a holiday, he gave a copy to everyone, he said Ëveryone needs a holiday

You could not make it up

When daft people buy everything on credit they do realise you have to pay it back plus more? 

I dont believe Brooke can read anyway

[DmonSlyr]

When you realize most people only make about .002% - .005% of a companies net profits while spending 2340 hours of your time per year, it seems kind of discouraging to even give a crap anymore about working hard.

I will check out the book by Hazlit. I don't need basic fundamentals of econ, but a different outlook on the functions in econ in America would be ineteresting.

But you cannot tell me that our current ideology of what the majority of American's make in a year is not extremely detrimental to the direction this country is going, if we continue to raise prices every year to "compete" with inflation and tax increases.

I guess we will see what happens in 10 years.

[NatCigg]

if you found a company that nets (50000/.00002) 2.5 trillion id be happy they were financially stable and your 1000 dollar a week check would not be much to them, thus your job security would be there.  Plus with a net profit of 2.5 trillion per year Im sure the bathrooms would be tidy and the equipment shiny.

[rabbidrabbit]

I will check out the book by Hazlit. I don't need basic fundamentals of econ, but a different outlook on the functions in econ in America would be ineteresting.

Despite your claims to have a fundamental understanding of economics you consistently demonstrate a fondness of substituting political talking points of certain groups in place of a sound basis in the fundamentals.  A biased eye sees what it wants instead of trying to understand the facts and reasoning from there.

Try opening your mind, clear away the blind jealousy of being someone else's fool and make something of yourself.  You can start by taking Brookes very solid advice.  Only with an honest understanding of the facts can you make yourself into something more than you are now.

[zack1234]

 

[DmonSlyr]

Guess I'll have to throw in a source since you all just do not get it  Please read!    http://www.epi.org/publication/ib330-productivity-vs-compensation/

Maybe you are all business owners and don't want to raise wages. Honestly I am surprised no one has agreed with me. But like I said, keep the wages as they are now, and we will see what happens in 10 years.

[morfiend]

   


  Zack,


   My investments went down!  The sky is falling the end is near....wait I'm still ahead of where I was at this time last year.....


  T'was a false alarm!




   

[Zoney]

Guess I'll have to throw in a source since you all just do not get it   Please read!    http://www.epi.org/publication/ib330-productivity-vs-compensation/

Maybe you are all business owners and don't want to raise wages. Honestly I am surprised no one has agreed with me. But like I said, keep the wages as they are now, and we will see what happens in 10 years.

yeah..........well........... ..

You do know of course that if you raise wages for everyone the cost of goods and services will simply go up about the same percentage thereby making your buying power decrease and...........you are right back to where you started.  Or maybe you expect those horrible, unjust, business owners to just absorb those cost increases and not raise there prices.........good luck with that.  I know I know, give everyone a raise by 20% and then fire 20% of the other workers, keeping you employed of course because you are so very deserving and entitled to more money.

[Zoney]

Guess I'll have to throw in a source since you all just do not get it  Please read!    http://www.epi.org/publication/ib330-productivity-vs-compensation/

Maybe you are all business owners and don't want to raise wages. Honestly I am surprised no one has agreed with me. But like I said, keep the wages as they are now, and we will see what happens in 10 years.

Is there any possibility that no one agrees with you because you just don't get it and are wrong?  No way, my mistake, you are a college graduate of course where they taught you to think..................err wait.................

[DmonSlyr]

It's mearly based off intuition and logic. I'm not saying unions and the GMent shouldn't force companies to raise wages. But our economy is based off what the business owners provide for their workers. It is capitalistic, they have control how their workers get paid. If we continue to cheap skate our workers the standard of living will go down. Prices have been increasing anyway Zoney... Just slow enough that it you can't really tell, but it is creeping, and we will see down the road.  If you told me that at my age ~25, you were making 30,000 in 1970, then why is it so hard to realize that it is not the standard anymore now that production has doubled?

[rabbidrabbit]

Guess I'll have to throw in a source since you all just do not get it 

So you stand alone as the enlightened one in this thread and everyone else is the fool?  One would never expect a union funded organization to be biased towards class wars?   Could their position be an honest analysis of a social economic issue or one biased towards their political end goals?  Is your goal to understand how the world realistically works or to push your current opinion on what you might benefit from now with the minimum effort?  How about objectively reading the Hazlit book and analyzing the paper you referenced? Try to focus on what actually works and why other paths do not work.  Facts and logic lead to understanding.  Following false paths for the wrong reasons will lead to disappointment and failure.  You can take ownership of yourself and prosper or blame others for your weaknesses. 

[Zoney]

It's mearly based off intuition and logic. (This is a joke, right?)I'm not saying unions and the GMent shouldn't force companies to raise wages. But our economy is based off what the business owners provide for their workers. (No, it's not)It is capitalistic, they have control how their workers get paid. If we continue to cheap skate our workers the standard of living will go down. Prices have been increasing anyway(and so has wages) Zoney... Just slow enough that it you can't really tell, but it is creeping, and we will see down the road.  If you told me that at my age ~25, you were making 30,000 in 1970(Then you would have been in the upper middle class in 1970, do you think that's where you should be after graduating college in your first real job?), then why is it so hard to realize that it is not the standard anymore now that production has doubled?

Your whole argument smacks of entitlement, or basically socialism, and has nothing, nothing at all to do with economics.

[DmonSlyr]

You have implied that I have called you guys fools, when I have done no such thing, nor do I think any of you are. Though I do have a firm stance on this because it needs to be recognized.  No one has even remotely disputed my agruement with facts rather than tell me to read a book, which I will. And no one has even mentioned any other ideas that would help out the economy. If you don't make more than 60,000 a year, you are still stuck in a psycological bubble that you think is acceptable because it's the norm. Please I'd love to hear zoney how our wages do not effect our market ? Production on paper looks good, our stock market looks good (the best it has been over time) , and our GDP looks good, soo gee why are we still stuck with the majority of Americans who can hardly afford to live, get healthcare, and provide safe living quarters for our families and selves? Just because it looks good on paper doesn't mean that our economy is actually that stable.

[Zoney]

I never implied you called anyone a fool.  I did say that you were wrong.  Where did you get the idea that those making less than 60 grand a year were stuck in a psychological bubble?  And I did give you the basic argument that if you raise the wages then the cost of the goods and services will go up.  That extra money does not just come out of thin air.  Those people that invest in a business should make money on their investment because if they do not then they will not invest.  Where do you think the money for your student loan came from?  The government?  The government does not have any money, they got it from us tax payers that were working while you were going to school and not working.

Once again, your education is not a gift, you pay it back, the money that was invested in it needs to be paid back.  The investors that the money came from get interest on the investment because loans, like any other business is there to make money.

In 1974, when I graduated High School, I joined the USAF.  Do you have any idea what I was making then as an E1?  4 years later I had a civilian job that I made 18k a year on.  I got married, had a daughter, bought a house and went on with life, slowly accumulating a few possessions, slowly making a bit more money.  I didn't drive new cars.  I didn't have a fancy house.  I lived frugally, never once complaining about how downtrodden I was or how unjust big business was.

You want more money?  Try this, spend less.  Get rid of your cell phone.  Sell your computer.  Sell your car and get a cheaper one or take the bus.  Cancel your cable and your internet.  Eat cheaper food, at home that you prepare yourself.  Grow some vegetables.  Buy second hand stuff that is still serviceable.  Stop going out.  Get a free library card and entertain yourself by reading books and get some books to educate yourself some more.

Most of the stuff you think you can't live without are luxuries, which means you do not need them to live.

You want to stop big business from profiting on you?  Stop buying into the commercialism that big business advertises to you as something you just have to have.

Your ideas on economics are so off base that quite frankly I'm done talking to you about it.

[NatCigg]

I never implied you called anyone a fool.  I did say that you were wrong.  Where did you get the idea that those making less than 60 grand a year were stuck in a psychological bubble?  And I did give you the basic argument that if you raise the wages then the cost of the goods and services will go up.  That extra money does not just come out of thin air.  Those people that invest in a business should make money on their investment because if they do not then they will not invest.  Where do you think the money for your student loan came from?  The government?  The government does not have any money, they got it from us tax payers that were working while you were going to school and not working.

Once again, your education is not a gift, you pay it back, the money that was invested in it needs to be paid back.  The investors that the money came from get interest on the investment because loans, like any other business is there to make money.

In 1974, when I graduated High School, I joined the USAF.  Do you have any idea what I was making then as an E1?  4 years later I had a civilian job that I made 18k a year on.  I got married, had a daughter, bought a house and went on with life, slowly accumulating a few possessions, slowly making a bit more money.  I didn't drive new cars.  I didn't have a fancy house.  I lived frugally, never once complaining about how downtrodden I was or how unjust big business was.

You want more money?  Try this, spend less.  Get rid of your cell phone.  Sell your computer.  Sell your car and get a cheaper one or take the bus.  Cancel your cable and your internet.  Eat cheaper food, at home that you prepare yourself.  Grow some vegetables.  Buy second hand stuff that is still serviceable.  Stop going out.  Get a free library card and entertain yourself by reading books and get some books to educate yourself some more.

Most of the stuff you think you can't live without are luxuries, which means you do not need them to live.

You want to stop big business from profiting on you?  Stop buying into the commercialism that big business advertises to you as something you just have to have.

Your ideas on economics are so off base that quite frankly I'm done talking to you about it.

you forgot to mention to go out hunting!  Its good for the environment and your wallet.