People are living on credit cards and getting screwed

AProudLefty said:
So the lower the wage is, the more effective the workers are?

Sometimes I need a break from this place because it hurts my head.
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T. A. Gardner said:
Right now, people are living more and more on credit cards. 55% of Americans are carrying a balance on their credit cards.


https://www.cnbc.com/2019/05/17/55-percent-of-americans-have-credit-card-debt.html

The average debt owed right now is between $2,500 and $6,000.
https://www.creditkarma.com/insights/i/average-credit-card-debt

Interest rates are now the highest they've been in almost three decades.


https://www.msn.com/en-us/money/per...e-highest-they-ve-been-since-1991/ar-AA13XTI2

Americans are increasingly being fucked by having to use credit cards to make ends meet, and you don't see Joke doing a goddamned thing about it, even as he is a major cause.
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Do you live on credit cards and not everyone depends on credit cards either? Just mind your business and hope you don't end up two shakes in the wind as to where you will get your next meal ticket.
 
It is shocking how ignorant the average American is about financial affairs, both personal and otherwise. It has been this way at least back to the 50's. There was an effort to correct this in the 70's by bringing it into public school curriculums but if anything the problem has gotten worse. Every so often the Fed goes "This is horrible, we have to do something!" but we never do.

Buckle Up.
 
AProudLefty said:
So the lower the wage is, the more effective the workers are?

Sometimes I need a break from this place because it hurts my head.
Click to expand...

I said 'worker efficiency'.
Not worker 'effectiveness'.
They are two, TOTALLY different terms, in this context.

'Worker effectiveness' is a relative term.
'Worker Efficiency' (or worker productivity) - in this context - is a set, economic measure.

If you pay people more money for the same output?
That makes them - factually - more inefficient.
They require, higher pay for the same output.
This raises the cost to produce/provide the product/service.

This - probably - raises the price of said product/service.
Even though the product or service is no better than before.
This is - obviously - bad for the company and the consumer.

Do you understand?
 
Theywillneverlearn! said:
Walt, you as a true democrat just prove one thing. You are uneducated. You need welfare. And you are white. You pathetic piece of left leaning liberal shit.
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We keep catching you in lies, and then you want us to just trust you when you make your counter factual posts? Really?
 
Walt said:
We keep catching you in lies, and then you want us to just trust you when you make your counter factual posts? Really?
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When I mentioned the elasticity of prices..... it was like Charlie Brown listening to the adults. He didn't understand a word, and then got kinda upset because he realized in that moment he was really fucking stupid. Poor guy. They are simpletons, and his equation ignored ALL the other costs associated with labor, and just focused on wages. Like they are simpletons.
 
T. A. Gardner said:
Right now, people are living more and more on credit cards. 55% of Americans are carrying a balance on their credit cards.


https://www.cnbc.com/2019/05/17/55-percent-of-americans-have-credit-card-debt.html

The average debt owed right now is between $2,500 and $6,000.
https://www.creditkarma.com/insights/i/average-credit-card-debt

Interest rates are now the highest they've been in almost three decades.


https://www.msn.com/en-us/money/per...e-highest-they-ve-been-since-1991/ar-AA13XTI2

Americans are increasingly being fucked by having to use credit cards to make ends meet, and you don't see Joke doing a goddamned thing about it, even as he is a major cause.
Click to expand...

Thank you idiot Brandon.
 
Concart said:
When I mentioned the elasticity of prices..... it was like Charlie Brown listening to the adults. He didn't understand a word, and then got kinda upset because he realized in that moment he was really fucking stupid. Poor guy.
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Ok so what causes "elasticity of prices" Mr nobel prize winner in economics?
 
Concart said:
When I mentioned the elasticity of prices..... it was like Charlie Brown listening to the adults. He didn't understand a word, and then got kinda upset because he realized in that moment he was really fucking stupid. Poor guy.
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Not only does the alt right not understand complex concepts, they are proud of refusing to even try to understand.

I wish NeverLearn would post financial advice. I would be able to do the opposite and make a fortune.
 
Yakuda said:
Ok so what causes "elasticity of prices" Mr nobel prize winner in economics?
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Nothing 'causes' it. Is a characteristic of a given product or set of products. Stay in your lane bro. Personal insults and simplistic takes. That's what you're best at.
 
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