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#21
posted to rec.boats
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Brewing economic scandal
On 3/18/13 7:22 AM, Eisboch wrote:
"F.O.A.D." wrote in message There isn't going to be a real economic recovery until there is a restructuring of our society. Too much of our nation's wealth is in the hands of the super rich, and the trend in that direction continues. More then they have since the 19th Century here, workers have become a disposable commodity, with more of them working without even basic protections, with a diminishing number of employers providing health care, with few employers providing defined pensions, et cetera. It's becoming much more difficult to put away a few dollars when one is facing a lifetime of really insecure employment, family medical bills, et cetera. As a society, we're on the downhill part of a roller coaster ride that sadly leads only to the bottom. -------------------------------------------------- Why is that so? I don't agree with your "disposable commodity" mentality, but I do agree that there is a shrinking middle class due to a corresponding shrinking job market. Even Al Gore warned of this way back when. So did Ross Perot. There has always been "super rich". Why is the "super rich" suddenly and primarily responsible for the job losses and resultant middle class unemployment? The primary reason is global competition for traditional manufacturing jobs in industry. As Wayne pointed out, there will always be jobs that can't be outsourced, but everyone can't be a plumber, electrician or HVAC technician. For a while, everyone and his brother was becoming an "IT" serviceperson or was setting up website creation and maintenance services. But with canned software, anyone with half a brain can create and maintain their own website. Go to an ER or hospital lately? A good number of the doctors are transplants from other countries. Cars run for 100,000 miles or more with only cursory maintenance. Used to require a tune-up every 20,000 miles. Electronic devices like computers and TV's have become disposable and cheap. No need to repair them and when they can be repaired, you can usually do it yourself. Magazines and newspapers are on the decline. Everything worth reading can be found on the Internet. No need for mechanics maintaining printing presses or truck drivers delivering bales of newspapers anymore. If you stop to think about all the technological advances made in the past 15 years or so and also consider the global competition for the manufacturing jobs, I think it becomes clear what has happened to middle class jobs. There used to be a social compact in this country, a compact that produced a thriving middle class with significant opportunity for upward mobility. The primary reason middle class jobs have disappeared is...greed. The so-called "investor class" is making money hand over fist and is taking a growing percentage of national wealth and not investing it here. At some point, that trend will stop and reverse or you will see more Russian-like revolutions. The world cannot just exist for the rich. What you are predicting is an ever growing class of really marginally employed people in this country. If that continues, there really is no reason for this country to exist. |
#22
posted to rec.boats
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Brewing economic scandal
"F.O.A.D." wrote in message m... On 3/18/13 7:22 AM, Eisboch wrote: "F.O.A.D." wrote in message There isn't going to be a real economic recovery until there is a restructuring of our society. Too much of our nation's wealth is in the hands of the super rich, and the trend in that direction continues. More then they have since the 19th Century here, workers have become a disposable commodity, with more of them working without even basic protections, with a diminishing number of employers providing health care, with few employers providing defined pensions, et cetera. It's becoming much more difficult to put away a few dollars when one is facing a lifetime of really insecure employment, family medical bills, et cetera. As a society, we're on the downhill part of a roller coaster ride that sadly leads only to the bottom. -------------------------------------------------- Why is that so? I don't agree with your "disposable commodity" mentality, but I do agree that there is a shrinking middle class due to a corresponding shrinking job market. Even Al Gore warned of this way back when. So did Ross Perot. There has always been "super rich". Why is the "super rich" suddenly and primarily responsible for the job losses and resultant middle class unemployment? The primary reason is global competition for traditional manufacturing jobs in industry. As Wayne pointed out, there will always be jobs that can't be outsourced, but everyone can't be a plumber, electrician or HVAC technician. For a while, everyone and his brother was becoming an "IT" serviceperson or was setting up website creation and maintenance services. But with canned software, anyone with half a brain can create and maintain their own website. Go to an ER or hospital lately? A good number of the doctors are transplants from other countries. Cars run for 100,000 miles or more with only cursory maintenance. Used to require a tune-up every 20,000 miles. Electronic devices like computers and TV's have become disposable and cheap. No need to repair them and when they can be repaired, you can usually do it yourself. Magazines and newspapers are on the decline. Everything worth reading can be found on the Internet. No need for mechanics maintaining printing presses or truck drivers delivering bales of newspapers anymore. If you stop to think about all the technological advances made in the past 15 years or so and also consider the global competition for the manufacturing jobs, I think it becomes clear what has happened to middle class jobs. There used to be a social compact in this country, a compact that produced a thriving middle class with significant opportunity for upward mobility. The primary reason middle class jobs have disappeared is...greed. The so-called "investor class" is making money hand over fist and is taking a growing percentage of national wealth and not investing it here. At some point, that trend will stop and reverse or you will see more Russian-like revolutions. The world cannot just exist for the rich. What you are predicting is an ever growing class of really marginally employed people in this country. If that continues, there really is no reason for this country to exist. ---------------------------------------------------------- You keep giving these altruistic reasons like "social compacts" and the like. The social compacts were a result of mutual loyalties between employer and employees. They've been on the decline since the early 70's and the fault lies with both. They also occurred during a period where competition was mostly among domestic companies. That all ended with the emergence of the so called "global economy" whereby qualified competition exists in countries where pay scales and benefit packages don't come close to the costs of those traditionally paid here. Somehow you seem to think that a domestic company can successfully compete paying twice or triple the cost in pay and benefits with other companies that utilized cheap offshore labor. The reality is that the company wouldn't be in business much longer. It's nice to talk about social compacts and such but a business must survive first if it is to benefit the employees. I haven't heard a peep from you or other liberals about how a business is supposed to accomplish this. I think the only way it can ever be solved is a radical change in expectations of pay and benefit packages in this country. Sounds harsh and unfair, but it's the facts Jack. Jobs that paid $60-$80 per hour in terms of burdened cost are going to pay half that and people are going to have to accept it as reality. In time, the overall cost of living will decrease to adjust to lower overall wages. Housing prices will drop. Cars and transportation costs will drop. We will probably go through a period of deflation. I think it is already starting, BTW. The unemployment rate is so high for people entering the workforce that those who *do* find a job are forced to accept starting wages that are much lower than what was paid 5, 10 or 15 years ago. Why do you think people are living on extended unemployment benefits while they search and wait for a job that pays any where close to what they used to make? Wages and benefit packages traditionally paid within the USA became a bubble that has burst, just like so many other bubbles we've witnessed. Competition is the reason. |
#23
posted to rec.boats
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Brewing economic scandal
On 3/18/13 8:47 AM, Eisboch wrote:
Jobs that paid $60-$80 per hour in terms of burdened cost are going to pay half that and people are going to have to accept it as reality. Except, of course, for "executive pay," which reached multiples of average worker pay never imagined, and except for the investment bankers, brokers, bankers, LBO sharks and others, who are robbing the economy blind. |
#24
posted to rec.boats
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Brewing economic scandal
"F.O.A.D." wrote in message m... On 3/18/13 8:47 AM, Eisboch wrote: Jobs that paid $60-$80 per hour in terms of burdened cost are going to pay half that and people are going to have to accept it as reality. Except, of course, for "executive pay," which reached multiples of average worker pay never imagined, and except for the investment bankers, brokers, bankers, LBO sharks and others, who are robbing the economy blind. ------------------------------------ You have a one track mind. But, I agree that *all* compensation will have to be adjusted in order to compete successfully. As for the Wall Street types ... the hedge fund managers, the big bankers and brokers .... they can all go rot in hell. |
#25
posted to rec.boats
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Brewing economic scandal
On 3/18/13 9:36 AM, Eisboch wrote:
"F.O.A.D." wrote in message m... On 3/18/13 8:47 AM, Eisboch wrote: Jobs that paid $60-$80 per hour in terms of burdened cost are going to pay half that and people are going to have to accept it as reality. Except, of course, for "executive pay," which reached multiples of average worker pay never imagined, and except for the investment bankers, brokers, bankers, LBO sharks and others, who are robbing the economy blind. ------------------------------------ You have a one track mind. But, I agree that *all* compensation will have to be adjusted in order to compete successfully. As for the Wall Street types ... the hedge fund managers, the big bankers and brokers .... they can all go rot in hell. Rotting in hell is not sufficient for those guys. And yes, I would like to see some level of fairness restored to the compensation of workers in comparison to the "bosses." |
#26
posted to rec.boats
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Brewing economic scandal
On 3/17/2013 11:19 PM, Wayne B wrote:
On Sun, 17 Mar 2013 21:15:08 -0500, amdx wrote: On 3/14/2013 9:52 PM, Urin Asshole wrote: On Thu, 14 Mar 2013 20:35:51 -0400, Wayne B wrote: On Thu, 14 Mar 2013 12:09:12 -0500, Boating All Out wrote: Those "lifetime earnings" stats don't account for kids who paid up for college but didn't succeed. They end up dropping out before they finish, or finish and end up working at Starbucks. ==== Not everyone who drops out of college ends up in a dead end job. Take a look at Bill Gates and Steve Jobs for two notable examples. There are lots more. That's true, but those who don't go are much more likely to earn many thousands less over their lifetime. More true now than ever. Even four years is just the minimum now. Unless you start a business. Mikek ==== Or work your way up the organization from an entry level job, i.e., the old fashioned way. The demand for certain technical skills is so high that any experience at all can get your foot in the door. Once hired, job performance counts a lot more than education. I've encountered a surprising number of well educated individuals who just could not apply their knowledge effectively in a work environment. Being able to apply what you know, recognizing opportunities and acting on them in a timely manner is what gets people ahead. There are also a lot of opportunities in some of the difficult, dirty, blue collar areas like refrigeration, air conditioning, plumbing, diesel mechanics, commercial electricians, etc. Those jobs are physically demanding and require a fair amount of skill but they pay very well and can lead to having your own business. Speaking of diesel mechanics: Recently I had a problem with one of my engines. The mechanic plugged in his laptop and proceeded to run a battery of tests. He then told me what he suspected was wrong, but protocol required that he email snapshots of the test results to the manufacturer who then consulted with the mechanic and told him they were sending two parts for him to replace. The 2nd phase of the repair required him to get his hands dirty replacing parts. The skills needed to do certain jobs have certainly evolved over the years. |
#28
posted to rec.boats
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Brewing economic scandal
On 3/18/2013 7:46 AM, BAR wrote:
In article , says... "Urin Asshole" wrote in message ... On Mon, 18 Mar 2013 00:53:16 -0400, wrote: On Sun, 17 Mar 2013 23:19:08 -0400, Wayne B wrote: Or work your way up the organization from an entry level job, i.e., the old fashioned way. The demand for certain technical skills is so high that any experience at all can get your foot in the door. Once hired, job performance counts a lot more than education. I've encountered a surprising number of well educated individuals who just could not apply their knowledge effectively in a work environment. Being able to apply what you know, recognizing opportunities and acting on them in a timely manner is what gets people ahead. There are also a lot of opportunities in some of the difficult, dirty, blue collar areas like refrigeration, air conditioning, plumbing, diesel mechanics, commercial electricians, etc. Those jobs are physically demanding and require a fair amount of skill but they pay very well and can lead to having your own business. I have heard the gloom and doom for anyone who didn't go to college and every year brings new opportunities for people who do not really need a degree. Now that we have US companies adopting the German model of training workers for their particular field, that may be another path for kids who don't want to start their career with a huge debt. Bull****. Just about every study available shows that a college edu makes a huge salary difference. Maybe you were able to do fine without one, but that's not the norm any more. You think factory workers are the future? Jesus H. Christ that's a narrow view. ------------------------------------------------------- Degrees and graduate degrees are fine and wonderful but if there are no jobs to be had (or just a few in very limited fields), not only is the degree non-productive there is also an almost lifetime level of debt for many. I have been shocked to learn of how many recent college grads are unemployed because they cannot find a job and of the number of older people with degrees and years of experience who are collecting extended unemployment checks. An economic recovery, if it ever really happens, isn't going to bring those jobs back. Check out these statistics: http://www.forbes.com/sites/moneybuilder/2013/02/01/alarming-number-of-student-loans-are-delinquent/ Things have changed and Wayne is correct, IMO. My wife is an out of work Analytical Chemist with two BS degrees in the sciences and 25 years in analytical chemistry. She has been looking for a job going on 10 months now. She is competing against people with PhD's and MS's and other BS's. Some sites tell you how many people have applied for the job you just applied to and often times it lists anywhere from 150 to 300 people applying for that one position. Having a college degree is no help when they jobs are not available. Ahhh. That's when O'Bama steps in with his smoke and mirrors and "creates jobs" How sustainable is that going to be? Throw the bum out. |
#29
posted to rec.boats
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Brewing economic scandal
On 3/18/2013 9:27 AM, F.O.A.D. wrote:
On 3/18/13 8:47 AM, Eisboch wrote: Jobs that paid $60-$80 per hour in terms of burdened cost are going to pay half that and people are going to have to accept it as reality. Except, of course, for "executive pay," which reached multiples of average worker pay never imagined, and except for the investment bankers, brokers, bankers, LBO sharks and others, who are robbing the economy blind. Don't worry about executive pay. People way above your pay grade deal with that. Don't bull**** us. You are just jealous that you didn't get on the real gravy train. What you stole was small potatoes. You snooze you lose. Sorry. |
#30
posted to rec.boats
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Brewing economic scandal
On 3/18/2013 9:49 AM, F.O.A.D. wrote:
"F.O.A.D." wrote in message m... Rotting in hell is not sufficient for those guys. And yes, I would like to see some level of fairness restored to the compensation of workers in comparison to the "bosses." How much is fair? Is it OK to be fair to non union as well as union workers? Is it fair to lock out non union workers from union operated job sites? Union greed is just as responsible for killing jobs in America, as the people that put THEIR MONEY on the line to create jobs. The greedy unions did force the greedy capitalists to move their money and jobs offshore. It's just the way it is. |
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