The average person working in the food industry works 70 hours a week.
They also have little education and the food industry is 24/7.
I hope Liberals on Food Stamps and Welfare are prepared to pay a lot more for food.
Where did you get your statement average person working in food industry works 70 hours/week???
Here are the FACTS and based on the FACTS you are an out right LIAR! Prove it that food industry works work 70 hours! Prove it!
www.bls.gov
Do you see the leisure and hospitality? 26.1 hours! In fact the only group working the most at 42.2 hrs is utilities!
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What's funny about this is that everyone I know in any career requiring a advanced degree works at least 80 hours a week.
Don't believe reality matches "Offical" Government rules.
AGAIN what's funny is how many people is that? 10? 20? 100?
Bullshit! AGAIN subjective unqualified and totally irrelevant to what AOC stated. YES I can believe some worked 80 hours! I did when
I was in college. Worked several part time jobs. Went to class and studied for a couple. BUT that is the EXCEPTION! NOT the rule!
Please stop with the personal, subjective statements "80 hours a week" bullshit!
I worked on Wall Street and most of the guys and gals in the Synagogues in my community have advanced degrees...
They have always worked about 70-80 hours a week to make their 100K+ salaries + benefits.
Blue Collar workers have no choice and if they don'[t work the hours they get replaced.
I suggest you go out and take a real hard look because I know you're a hard core Conservative and you want to believe the US economic system is comprised of total justice.
It isn't.
I used to work for a heavy equipment manufacturer right after college. The laborers,machinists,welders etc worked 10 hr days starting at 5:00/6:00 am. With shorter hours during the summer ( too hot).
I have learned over the last 10 years that the real world one lives in depends upon the industry, the locale, the technology and the perceived markets.
These people work their lives away and no one appreciates the fact that the road they drive on and the building they work it relies on the skill and integrity of these people.
Well, after all, their not
CEOs!
What the hell does a CEO do anayway?!
What do CEOs do? You don't know? They sign the deals, determine the direction of the company, come up with plans to make new products, refresh old products, and ultimately keep the entire country going.
What do you mean "what do CEOs do?" If you don't know, go learn something. Better yet, go start your own business, and when you are putting in 70 hours a week making that business successful, you'll know what a CEO does.
Dumb question...
What do CEOs of major corporations
do?
Ever watch those Sunday morning Finance Programs?
They spend all day Sunday explaining what went
right because they found a
more efficient way to operate.
That means firing US workers for foreign labor.
They spend all day Sunday explaining what went
wrong on strategic errors due to misguided data from
others.
Do you know how many
billions of dollars are flushed down the drain every year by corporations that stay afloat solely due to
Institutional Trading?
Eliminate
Institutional Trading, aka gambling, and most MNCs would go bankrupt within a year.
In fact, that's
exactly what's happening
now.
Where are their
assets?
In
Institutional Trading!!!
Most financial firms during the DOT COM and Housing Bubble were afloar due soley to
Institutional Trading, not wise decisions.
I know, I know, I'm glad you're naive enough
not to believe any of this.
CEOs of smaller companies usually spend their time trying to make sure everyone is doing their job.
They spend all day Sunday explaining what went right because they found a more efficient way to operate.
That means firing US workers for foreign labor.
If that was true.... then there should be no American labor left. 90% of the population should have been unemployed before 2018.
If you are telling me that every single CEO goes around finding ways to fire US workers, and hire foreign workers, there should be no US workers left to fire by now.
That's ridiculous. Further, it's not even statistically true. Just, flat out, that's wrong. Yes, you might have heard of a few CEOs out of a quarter million CEO in the US, that had to outsource to survive. That's a few out of hundreds of thousands.
Further, do you know what happens to companies that do not operate "efficiently"? They go out of business. Then instead of a few employees being fired, and some outsourcing.... then EVERYONE is fired, and there is NO outsourcing.
By the way, you do realize that outsourcing is a net benefit, right? We're using labor of other countries, to make our country more wealthy. You don't see the countries we outsource too, being more wealthy than us. Name one. Good luck with that.
Do you know how many billions of dollars are flushed down the drain every year by corporations that stay afloat solely due to Institutional Trading?
Eliminate Institutional Trading, aka gambling, and most MNCs would go bankrupt within a year.
In fact, that's exactly what's happening now.
Where are their assets?
In Institutional Trading!!!
What are you talking about? Institutional trading, is when you have traders working for an institution.
An institution is for example, a Pension fund for a Union. A retirement system. A 401K, like mine.
Flushed down the drain? Are you kidding? My parents are millionaires because of their investments. I have doubled my money from institutional trading.
What are you talking about? Do you have any idea what you are talking about?
Most financial firms during the DOT COM and Housing Bubble were afloar due soley to Institutional Trading, not wise decisions.
I know, I know, I'm glad you're naive enough not to believe any of this.
False? Yes, there were companies that were living off of the sale of their stock during the Dot.com bubble. Housing bubble? I don't think so. No. That's wrong.
But yes, there were companies that were selling their stock based on "we're a dot.com, and we're going to make millions", and then they didn't.
The key here is that every firm that is not producing wealth, sooner or later, will fail. That's the beauty of the capitalist system.
In socialist system, like under the Soviet Union, the companies were held together, for decades on end, by the Soviet Union.
In fact, they had Negative Equity firm. To understand what that means... if you take $500 worth of wood, and turn that into $10 chair that breaks when you sit on it.... you have created 'negative equity'. You have taken materials of a higher value, and turned them into a product of a lower value.
Now how does a company like that stay in business? Socialism. The government made them stay in business, and made them continue to 'de-value' the country. That's why socialism always results in poverty.
In capitalism... yes you can fool people for awhile. Sure. But eventually the people investing are going to see no value being produced, and then the company will fold.
Thus naturally in a capitalist system, inefficient companies are eliminated, and value-wealth producing companies expand and grow.
Back to your point.... there is nothing wrong with institutional trade. And no, most companies are not living off their stock sales. In fact, very few.
What you are saying, isn't even logical. Aside from the Initial Public Offering, Apple computer does not get money from the trading of stocks again, until they make another public offering. There could be decades between the sale of stock for a monetary benefit.
Additionally, the only other time stock is used, is typically in acquisitions. So the company buys up another company, in a stock exchange deal.
Again, how would either of these keep the company afloat? How would a company pay their employees with money from a deal that was entirely in stock?
Not logical.
Did you miss Trump's platform and victory?
Most MNC CEOs are pure scum and the millions who knew it and either were victimized by it or were related to those kicked the CEOs in the balls by voting for Trump,
Please explain how anybody at any given moment knows the value of an MNC's stock when there are literallly millions of variables to consider.
Explain the DOT COM crash...
Explain the Housing crash...
Didn't everybody just use your magic formulas and know what was going to happen?
I worked at Bear-Sterns and the CEO would send out an internal email every morning between 3-4 AM saying which stocks to buy/sell at what price for the next 24/7 cycle..
How the hell does anyone know anyone know what's going to happen to any global stock's value over a 24 hour period.
Apparently no one, because Bear-Sterns is no more.
The bottom line is that Directors get together and try to figure out the breaking point of what Internal Traders & Brokers can get away with in order to get suckers to buy their stock so the MNCs can continue to show a quarterly profit.
Crashes? The public says "**** You Today" every now and then.
A few seconds pass where they can't find any suckers and they all bow out at once causing a crash.
That's why they cleverly set in place a formula to stop themselves from crashing...so much for a Free Market.
There are very few business leaders to admire...Bezos, Tim Cook...the people who are constantly in the public eye and work their asses off.
Do you remember a scant few years ago when Bezos, against what the MNCs Insider Traders wanted, invested millions in local Warehouses and Amazon's stock tanked.
My man Bezos told them to "**** Off, bozos, I'm in this to innovate!" and made the investment.
7 months later Amazon conquered the US and Wall Street suddenly lied their asses off and said they were on board with Bezos from the beginning.
Don't reply until you can explain why crashes occur if these CEOs are so damn brilliant and the "data" they receive contains an ounce of honesty.
Most MNC CEOs are pure scum
Prove it.
Please explain how anybody at any given moment knows the value of an MNC's stock when there are literallly millions of variables to consider.
Right, and that's true of nearly everything in life.
A better question is, what business is it of yours? I own stocks in multi-national companies. I've doubled my value, even now with the down turn, I've doubled my value.
So what business is it of yours? Here's a hint. If you have a problem with MNCs... don't by their stock. But if you refuse to buy their stock, then you forfeit complaining about the wealthy being wealthy. Because wealthy people are like me, are investing, and we're getting wealthy over time because of it.
You can't sit around screaming that MNC stocks are bad buys, and you can't price them, and no one should buy them.
And then turn around and complain people are getting rich buying MNC stocks. You want to be poor? Go be poor. I'm going to make some money. Don't say "I refuse to invest" and then complain "the rich are investing and getting wealthy!"
Explain the DOT COM crash...
Explain the Housing crash...
Didn't everybody just use your magic formulas and know what was going to happen?
The dot com was a market boom from the explosion of the internet. Some firms made it, and many didn't. That how that works.
Amazon for example, created in 1994, didn't make a real profit until 2004. But now of course all those investors are getting a fat pay back for their investments. And by the way, they should. They invested thousands, if not millions, over 10 years, and now they are reaping the harvest for their investment. This is good and moral.
No I did not buy Amazon stock in 1997, and I wish I had.
Now the Housing bubble is very easy to explain, and given you worked at Bear Stearns (or claim to), you should know this. Bear Stearns was actually one of the first two banks to enter into a direct agreement with Freddie Mac the GSE, that created the housing bubble. In 1997, Bear Stearns and First Union, both signed a contract with Freddie Mac to sell sub-prime mortgages, given a Freddie Mac AAA rating, and bundled with Mortgage Backed Securities.
This action of validating sub-prime mortgages on the market, resulted in a bubble, specifically because it allowed un-qualified buyers to get approved for mortgages. A practice that upset a 60+ year long system of only allowing qualified buyers, meeting strict guidelines, to get a mortgage on a home.
This naturally resulted in a dramatic increase in buyers. Which naturally resulted in a dramatic increase in housing prices. Which naturally resulted in speculation.
There were warnings across the entire market about this. But the government fought against those warnings, with Maxine Waters saying the GSEs were doing a fantastic job under Franklin Raines (a Clinton appointee, caught fudging numbers at Fannie Mae), and Barney Frank proclaiming from the house floor that there was no bubble, and we need to encourage lending even more.
The housing bubble was entirely, 100% due to government. If you want me to post all of the documents and evidence surrounding this, I'll be more than happy to do so.
Didn't everybody just use your magic formulas and know what was going to happen?
Lastly, you said "magic formula"... I don't know what you are talking about. There is no magic formula in life. Life is a risk. Everything in life is a risk. You win some, and you lose some, and often you lose more than you win.
When Edison created the light bulb, he had 100+ failures, before he found the one success.
If you talk to any $100K+ sales guy, he will tell you he loses a dozen sales, before he hits that one guy that buys the big million dollar deal.
This is life. Investments are the same. This is why you diversify. You don't just buy shares in one stock, but rather in a mutual fund that invests in dozens of stocks. And you don't just buy one mutual fund, you buy a half dozen mutual funds. You diversify your diversity.
I'm a Christian for example. Bible says in Ecclesiastes 11:2 "
Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land."
You don't know. There is no "formula" for investing that avoids down turns.
The only way to avoid all downturns, is to live in Socialism where there are no downturns or upturns, because everyone is equally impoverished for life. Then you don't have to worry about losing your investment, because you won't have anything to invest, or anything to invest into to begin with.
There are very few business leaders to admire...Bezos, Tim Cook...the people who are constantly in the public eye and work their asses off.
The problem with your logic there, is that there are hundreds of CEOs just like Tim Cook and Bezos. The problem is, just as you suggested.... they are NOT in the public eye.
Just because they are not out on the TV proclaiming "look at me" in front of you all day, doesn't mean they are not doing anything, or that they are not doing good things.
Both of those people are very good 'showmen'. They are fantastic at making themselves look good to gullible people who think everything on TV is reality. But there are a quarter of a million CEOs that all work hard, and achieve great things. They just don't prance around on TV about it, so that forum posters think they are the only CEOs to admire and everyone else sucks.
Don't reply until you can explain why crashes occur if these CEOs are so damn brilliant and the "data" they receive contains an ounce of honesty.
CEOs are still human beings. They make mistakes. You can be brilliant, and still make stupid choices.
Ironically, I just watched a documentary on this with Sony, and the Playstation. Now I've never been a fan of consoles, but it was interesting. This guy Ken Kutaragi, was brilliant engineer, and he basically designed by himself, the original Sony Playstation, that was as smash hit. He then designed the playstation 2, which was an even bigger success.
This one guy, effectively owned the entire console market for Sony, when they went from having no console before 1994, to control of the market until 2006.
Then he created the Playstation 3, which was a disaster.
He screwed up. And badly.
By the way, Steve Jobs did the same thing. Pretty good success with the Apple 1. Then massive success with the Apple 2. Then they created the Apple 3. Worst computer in Apple Computers early history. In fact after the Apple 3, they introduced..... The Apple 2e and 2c, and Apple 2GS.... because the Apple 3 sucked so bad.
This idea of yours, that being brilliant means you never make a mistake... not true in reality. Everyone makes mistakes. The question is, what do you do when you make the mistake? Can you recover the company? Can you find a way to survive? Can you organize a system to hold off the implosion?
My last CEO was fantastic. Great guy by every possible measure. Brilliant engineer. He could walk into a room, see a problem, and tell you the solution to the problem, before you could explain what the problem was. Do this, turn that screw, and solder a wire to here, and that issue will go away. "What issue?" The one causing the problem you are trying to figure out.
Even then, he screwed stuff up. Had a customer in Florida, wanted some out-doors Kiosks. The minimum wage made paying high schoolers to sell stuff, too high. They were replacing all of them with Kiosks. We made the Kiosks.
The Kiosks showed up that we built, and after the first rain storm, they were filled with water. Huge monstrous issue. The CEO, the Executive Vice President, the Chief of sales, and the head of Engineering, all flew down to Florida in August.... to work at night (read when mosquitoes were out), to fix each Kiosk by hand. One had to cancel their vacation to do it.
He made a mistake. But he recovered. You'll continue to make mistakes until you die. The question is do you recover from it? Good CEOs can save the company. And they naturally should be rewarded for it. And if saving the company means laying off workers you no longer need.... that's still saving the company. Losing a few, is better than losing all. CEOs work very hard, and it is utterly ridiculous to claim otherwise.
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