The Rich Love High Unemployment

[georgephillip]

"The unemployment crisis has been a godsend for America's superrich, who own the vast majority of financial assets - stocks, bonds, currency and commodities...

"America's labor market depression propels asset price appreciation. In the last two years, US corporate profits and share prices rose at the fastest pace in history - and the fastest in the G-7.

"Considering the source of profits, the soaring stock market appears less a beacon of prosperity than a reliable proxy for America's new misery index. Mark Whitehouse of The Wall Street Journal describes Obama's hamster wheel recovery:

"'From mid-2009 through the end of 2010, output per hour at U.S. nonfarm businesses rose 5.2% as companies found ways to squeeze more from their existing workers.

"'But the lion's share of that gain went to shareholders in the form of record profits, rather than to workers in the form of raises.

"'Hourly wages, adjusted for inflation, rose only 0.3%, according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers. That compares to 58% since records began in 1947.'"

"Out of work Americans deserve more than unemployment checks - they deserve dividends.

"The rich would never have recovered without them."

Why the Rich Love High Unemployment | Truthout

 

[Avatar4321]

So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?

 

[The T]

So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?

Or the fact that the 'RICH' know that the Statists will call for higher taxrates to shore it up?

What ODD logic the OP has latched onto...self-defeating logic if you ask me.

 

[initforme]

No, the rich dont like high unemployment. They like dirt cheap labor. Something for nothing.

 

[The T]

No, the rich dont like high unemployment. They like dirt cheap labor. Something for nothing.

WRONG. They hire at what the free market will bear. IF you don't like what a JOB pays ACE? Don't take it. Individual CHOICE...what a concept...eh?

 

[Political Junky]

If they get wages low enough in the US, they won't have to employ people in India and Mexico.

 

[The T]

If they get wages low enough in the US, they won't have to employ people in India and Mexico.

Because there won't be anything of consequence left of substance...everything will have been chased offshore by the Statists in government so they can finishtheir implimentation of thier Socialist plans.

 

[initforme]

I agree one hundred percent young grasshopper. Thats why I walked off of two jobs with no phone calls nothing...no notification at all. Stone cold quit right in the middle of a work day. Got myself a better job each time. Proudest two moments of my life. STicking up for myself and sticking it to bad employers....gives one a tremendous sense of pride.

 

[xsited1]

The Rich Love High Unemployment

Another article slamming the Obama Administration. Buyers remorse is at an all-time high.

 

[The T]

The Rich Love High Unemployment

Another article slamming the Obama Administration. Buyers remorse is at an all-time high.

And it isn't changing anytime soon.

 

[initforme]

I am disjointed with both parties. One gives everything away, the other wants me dead and hates me because I am not wealthy. Time for a third party... stick it to the american system...

 

[georgephillip]

So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?

For 18 months between mid-2009 and the end of 2010 output per hour rose 5.2%

This came from squeezing more productivity from workers; however, most of that gain went to shareholders in the form of record profits and not to the workers responsible for the increased output.

"Hourly wages adjusted for inflation, rose only 0.3% according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers.

"That compares to 58% since records began in 1947."

Why the Rich Love High Unemployment | Truthout

Apparently bad economic news produces the low interest rates that make stocks look better than their fixed income alternatives.

It's not called class WAR for nothing,

 

[FuelRod]

Yes because the hoarding and devaluing of assets is a stable economic plan.

 

[TheBrain]

"The unemployment crisis has been a godsend for America's superrich, who own the vast majority of financial assets - stocks, bonds, currency and commodities...

"America's labor market depression propels asset price appreciation. In the last two years, US corporate profits and share prices rose at the fastest pace in history - and the fastest in the G-7.

"Considering the source of profits, the soaring stock market appears less a beacon of prosperity than a reliable proxy for America's new misery index. Mark Whitehouse of The Wall Street Journal describes Obama's hamster wheel recovery:

"'From mid-2009 through the end of 2010, output per hour at U.S. nonfarm businesses rose 5.2% as companies found ways to squeeze more from their existing workers.

"'But the lion's share of that gain went to shareholders in the form of record profits, rather than to workers in the form of raises.

"'Hourly wages, adjusted for inflation, rose only 0.3%, according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers. That compares to 58% since records began in 1947.'"

"Out of work Americans deserve more than unemployment checks - they deserve dividends.

"The rich would never have recovered without them."

Why the Rich Love High Unemployment | Truthout

Yep, there is nothing rich business owners love more than not having employees to man their companies nor consumers who can purchase their products.

Jesus where are you morons coming from?

 

[Ernie S.]

I agree one hundred percent young grasshopper. Thats why I walked off of two jobs with no phone calls nothing...no notification at all. Stone cold quit right in the middle of a work day. Got myself a better job each time. Proudest two moments of my life. STicking up for myself and sticking it to bad employers....gives one a tremendous sense of pride.

And shitty references.

 

[georgephillip]

So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?

Or the fact that the 'RICH' know that the Statists will call for higher taxrates to shore it up?

What ODD logic the OP has latched onto...self-defeating logic if you ask me.

Can you provide a definition for "Statist"?

Was Stalin a Statist?

Hitler?

 

[The T]

So the rich people like high unemployment because somehow they profit off no one being able to buy their services or products?

For 18 months between mid-2009 and the end of 2010 output per hour rose 5.2%

This came from squeezing more productivity from workers; however, most of that gain went to shareholders in the form of record profits and not to the workers responsible for the increased output.

"Hourly wages adjusted for inflation, rose only 0.3% according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers.

"That compares to 58% since records began in 1947."

Why the Rich Love High Unemployment | Truthout

Apparently bad economic news produces the low interest rates that make stocks look better than their fixed income alternatives.

It's not called class WAR for nothing,

And so? Those that were "squeezed" should be happy that they have JOBS...are you onboard with Obama that portends to FORCE companies to Hire even though they can't afford to?

Your ignorence toward the free market defies description. You applauding it's death in favour of Government Marxism/Socialism/Statism knows no bounds does it?

And I might add that you are quite the proponent of CLASS warfare...par excellence on these boards with the intent to REMOVE incentive.

Bully for you.

 

[initforme]

If we could get everybody in the US to go along with not spending a cent for just one day, just one day, would that have an affect on the economy? A question for those of you experts? Makes me wonder.

 

[Mr.Nick]

"The unemployment crisis has been a godsend for America's superrich, who own the vast majority of financial assets - stocks, bonds, currency and commodities...

"America's labor market depression propels asset price appreciation. In the last two years, US corporate profits and share prices rose at the fastest pace in history - and the fastest in the G-7.

"Considering the source of profits, the soaring stock market appears less a beacon of prosperity than a reliable proxy for America's new misery index. Mark Whitehouse of The Wall Street Journal describes Obama's hamster wheel recovery:

"'From mid-2009 through the end of 2010, output per hour at U.S. nonfarm businesses rose 5.2% as companies found ways to squeeze more from their existing workers.

"'But the lion's share of that gain went to shareholders in the form of record profits, rather than to workers in the form of raises.

"'Hourly wages, adjusted for inflation, rose only 0.3%, according to the Labor Department. In other words, companies shared only 6% of productivity gains with their workers. That compares to 58% since records began in 1947.'"

"Out of work Americans deserve more than unemployment checks - they deserve dividends.

"The rich would never have recovered without them."

Why the Rich Love High Unemployment | Truthout

Of course they do, they love not having a demand for their products.

The rich love the fact their businesses are failing because no one has any money in their pocket...

They love the fact that the same money they're taxed goes right to government or welfare idiots that buy their products..

Businesses give money to the government, the government gives free money to the people, and the people spend the free money on the businesses that in turn gave the money away in the first place...

 

[Rodack]

I have never had a poor person employ me



ever