Americans joining workforce at fastest rate in 16 years
- Thread starter evince
- Start date
Hardly. BOs ideas made that happen.
Use JFKs ideas.
His always work. BOs (actually FDRs) never do.
Median wages have never been higher
cawacko
Well-known member
you got numbers for that?
canceled.2021.1
#AMERICAISDEAD
Adjusted for inflation?
Your smart enough to look them up
zappasguitar
Well-known member
If wages are down then it's due to the actions of the business OWNER and his/her responsibility to do something about the prrblem.
The 242,000 gain followed a 172,000 rise in January that was larger than previously estimated, a Labor Department report showed Friday. The jobless rate held at 4.9 percent as people entered the labor force and found work. Average hourly earnings dropped, the first monthly decline in more than a year.
cawacko
Well-known member
That makes no sense
No. Wages are down because any new hiring is for lower pay. The rest is just silly.
zappasguitar
Well-known member
And if worker pay is lower, it is because business owners DECIDED to make it so.
cawacko
Well-known member
I don't think you quite understand how markets work. The whole supply and demand and scarcity issues.
If you owned a business and put out an ad for an available position and received 50 resumes among which you find 15 people you would be fine hiring do you feel you would have to pay more than market?
Reference the clown who decided to pay his people a contrived wage and is driving himself out of business. And put those employees out a job.
cawacko
Well-known member
We all have strengths and weaknesses and Zappa won't respond back here because he is waaaay out of his league on this type of thing. He's one of the Sanders/Warren types were basically all entrepreneurs and business people are bad and there's no understanding of how markets work. So as result people like him just sit back and say owners should pay more with no clue how to actually run a business, raise money and have to meet a payroll.
You sound like Jamie Dimon
Elizabeth Warren understands how the markets work, what a silly statement Wacko, you may not agree with her, but the woman knows her stuff.
The finance guys argue that if you're never in the club, you can't understand it. But I think they have it backwards. Not being in the club means not drinking the Kool-Aid. Yeah, most of the finance guys were smart. But no smarter than a lot of other people I knew -- men and women -- who did a lot of other kinds of work. ...
The problem was never that I didn't understand what the finance guys were doing. The problem was that I understood exactly what the finance guys were doing. I knew it, and they knew it.
http://m.huffpost.com/us/entry/jamie-dimon-elizabeth-warren_n_7555204.html
cawacko
Well-known member
I sound like Jaime Dimon? No, I sound like anyone who has taken an economics class and understands how markets work. Feel free to defend Zappa's statement if you agree with it.
Maybe Warren does understand in real life but chooses not to in real life.