The Rich Love High Unemployment

[Ernie S.]

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

The rich want the rest of us fighting for jobs at McDonalds.

The more applicants for each job the less in wages and benefits they have to pay.

Get ready for a repeal of minimum wage.

Anybody want to work 8 hours for one $20 bill(no taxes!)

When I started working, 8 hours got me a single $10 That ten bucks would buy me the same amount of gas that $120 buys today.

 

[initforme]

any full time job taken by an adult that pays less than $15/hour should not be considered a real "job"
Hard to live on those wages.

 

[georgephillip]

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.

That might depend on how the Arab Spring turns out.

France is the latest state to see substantial long-term demonstrations forming.

California next?

 

[initforme]

no economists here? Nobody knows what kind of affect there would be if 95 percent of the population goes without spending even a penny for one day? Interesting experiment it would be.

 

[georgephillip]

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

The rich want the rest of us fighting for jobs at McDonalds.

The more applicants for each job the less in wages and benefits they have to pay.

Get ready for a repeal of minimum wage.

Anybody want to work 8 hours for one $20 bill(no taxes!)

When I started working, 8 hours got me a single $10 That ten bucks would buy me the same amount of gas that $120 buys today.

I remember those days too, Ernie.

13.9 cents per gallon was the cheapest gas I could find, but I wouldn't stop there because I had to get out of my car and pump it myself.

I could fill both tanks of a '69 VW bug and drive it for two weeks for less than three dollars, if I remember correctly.

 

[The T]

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

And it isn't changing anytime soon.

That might depend on how the Arab Spring turns out.

France is the latest state to see substantial long-term demonstrations forming.

California next?

SO? We've gone from RICH GUYS Love unemployment to 'ARAB SPRING'?

Really?

Obfuscate much?

 

[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,

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.

Remember the $13 trillion taxpayer bailout of Wall Street?
The one that doubled the richest 5% of Americans share of returns to wealth?
That's CLASS WAR.

 

[Political Junky]

The richest man in the world lives in Mexico.
We're headed for a Banana Republic as well.

 

[georgephillip]

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...

If you live in a state with established third party candidates appearing on your ballot, consider FLUSHING as many Republicans AND Democrats from all levels of US government as possible.

The idea, sometimes called the "anti-vote", has been around for generations.

Maybe it's been waiting for the Internet?

 

[georgephillip]

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

Might that depend on how much of your wealth is held in non-US dollar denominated assets?

Do you see high rates of inflation in the US future?

 

[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

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?

Consumption has gone global.
Rich businessmen (and women) couldn't care less where the product is sold.
As far as production, it's not a case of no workers, but rather as few workers as possible.

From 1947 to mid 2009 companies shared 58% of productivity gains with workers.

Between mid-2009 to the end of 2010 companies shared 6%.

Workers deserve dividends.

Why the Rich Love High Unemployment | Truthout

 

[georgephillip]

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.

You might PM Toro on that one.

It is an interesting thought experiment.

You would certainly want to examine the effects on small businesses vs Walmart, for example.

General Strikes have actually been used successfully in this country, but they seldom made their way into most History books.

 

[georgephillip]

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.

Are corporations "Statists"?

When US oil companies reflag their tankers to save on taxes are they engaging in Statist behavior?

What's the connection between Statists and Government Sachs?

FIRST you must learn the term STATIST...so far? You FAIL.

Is this what you mean?

"Statism (or etatism) is a scholarly term in political philosophy either emphasising the role of the state in analysing political change; or, in describing political movements which support the use of the state to achieve goals."

Statism - Wikipedia, the free encyclopedia

Somehow I never thought of you as a philosopher???????

 

[Mr.Nick]

Are corporations "Statists"?

When US oil companies reflag their tankers to save on taxes are they engaging in Statist behavior?

What's the connection between Statists and Government Sachs?

FIRST you must learn the term STATIST...so far? You FAIL.

Is this what you mean?

"Statism (or etatism) is a scholarly term in political philosophy either emphasising the role of the state in analysing political change; or, in describing political movements which support the use of the state to achieve goals."

Statism - Wikipedia, the free encyclopedia

Somehow I never thought of you as a philosopher???????

Ever hear of a Federalist?

 

[georgephillip]

And it isn't changing anytime soon.

That might depend on how the Arab Spring turns out.

France is the latest state to see substantial long-term demonstrations forming.

California next?

SO? We've gone from RICH GUYS Love unemployment to 'ARAB SPRING'?

Really?

Obfuscate much?

Unemployment especially among the young is driving the Arab Spring.

Coming soon to a town square near you?

 

[georgephillip]

FIRST you must learn the term STATIST...so far? You FAIL.

Is this what you mean?

"Statism (or etatism) is a scholarly term in political philosophy either emphasising the role of the state in analysing political change; or, in describing political movements which support the use of the state to achieve goals."

Statism - Wikipedia, the free encyclopedia

Somehow I never thought of you as a philosopher???????

Ever hear of a Federalist?

"The party was formed by Alexander Hamilton, who, during George Washington's first term, built a network of supporters, largely urban bankers and businessmen, to support his fiscal policies."

These guys?

Sounds like a colonial mafia.

Federalist Party - Wikipedia, the free encyclopedia

 

[Ernie S.]

The rich want the rest of us fighting for jobs at McDonalds.

The more applicants for each job the less in wages and benefits they have to pay.

Get ready for a repeal of minimum wage.

Anybody want to work 8 hours for one $20 bill(no taxes!)

When I started working, 8 hours got me a single $10 That ten bucks would buy me the same amount of gas that $120 buys today.

I remember those days too, Ernie.

13.9 cents per gallon was the cheapest gas I could find, but I wouldn't stop there because I had to get out of my car and pump it myself.

I could fill both tanks of a '69 VW bug and drive it for two weeks for less than three dollars, if I remember correctly.

I filled my Harley for under a buck most times. These days, it's 20 bucks if I'm real low.

13.9??? Cheapest I can remember as long as I've been buying gas was 18.9 in Albany back about '66. You must be older than dirt.

 

[Ernie S.]

i have never had a poor person employ me



ever

bingo...

Harley Davidson just moved its headquarters to singapore.


good for them

If I owned the company I would move out of the Democrat toilet that demonizes business, profits and punishes my successes that employ the masses and pay their bills, mortgages and healthcare


Fuck Democrat socialist scum



The USA is becoming Detriot



Because of Obama and socialist useless college stoners

DAMN you're stupid! Harley moved it's Asia/Pacific sales headquarters to Singapore. HD's Asia Pacific sales account for about 9% of it's over all revenue. The "Headquarters" employs 20 people

 

[asterism]

any full time job taken by an adult that pays less than $15/hour should not be considered a real "job"
Hard to live on those wages.

How much should I pay to have my house cleaned?

 

[kellyjack]

The rich love private jets, sports cars, rich food, nice clothes,long vacations, pretty women,cuban cigars,french wine,expensive art and high unemployment.