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McDonalds Hires 62,000, Turns Away Over 938,000 Applicants For Minimum Wage, Part-Time Jobs
This is what the US economy has been reduced to: McDonalds reports that as part of its employment event to hire 50,000 minimum wage, part-time (mostly) workers, subsequently raised to 62,000 it received a whopping 1 million applications, or a Tim Geithner jealousy inducing 6.2% hit rate (h/t X. Kurt. OSis). Alas, the US economy is now so pathetic that the bulk of the population will settle for anything. Literally anything. And the saddest part: over 938,000 applicants were turned away. Here's hoping to Burger King needs a few million janitors in the immediate future too. And yes, aside from reality, things in America are really recovering quite nicely.
From Bloomberg:
McDonald’s and its franchisees hired 62,000 people in the U.S. after receiving more than one million applications, the Oak Brook, Illinois-based company said today in an e-mailed statement. Previously, it said it planned to hire 50,000.
The April 19 national hiring day was the company’s first, said Danya Proud, a McDonald’s spokeswoman. She declined to disclose how many of the jobs were full- versus part-time. McDonald’s employed 400,000 workers worldwide at company-owned stores at the end of 2010, according to a company filing.
Earlier this month, McDonald’s said sales at stores open at least 13 months climbed 2.9 percent in the U.S. after it attracted more diners with items such as beverages and the Chipotle BBQ Bacon Angus burger. The fast-food chain has about 14,000 stores in the U.S. and more than 18,000 abroad. About 80 percent of all McDonald’s stores are franchised.
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I thought we had won the cold war and defeated communism. You guys dont ever give up do you?
Dont generalize too much.
Most americans do fairly well after college.
Poor academic decisions in college may result in mcdonalds, but those are a minority.
Fucking heart-breaking..
The amount of assholes on this board is staggering. This is a fucking sad story. Treat it as such.
http://en.wikipedia.org/wiki/Gallows_humor
Exactly.
+1
As this crisis builds, is righteous anger also building or merely pain tolerance?
When the posts read, '215,000 Dead of Starvation', or, '400 Killed at anti-Government Protest', will there be sardonic humor here to follow?
It's not just this news about McD that's fucking heart-breaking...
The anger is building. The burst will be sudden, violent and chaotic.
As for the 215,000 dead of starvation we are much higher than that in our good years, let alone now.
Propaganda is also comprised of the things that are not reported.
+1
I wish I had more clarity :-)
It is clear that there are forces that want to collapse the economic system of at least the United States.
The big question is Why?
Why is anyone pushing for a "global currency" when the destruction and chaos created by the Euro, in particular by the inability of individual countries to "bail themselves" out by devaluing their currency,...when that destruction and chaos is obvious.
Give it the 7th grader test. If you could explain it to a 7th grader, and they would come up with the obvious conclusion.....that is a good test. Could you explain to a 7th grader how the Euro is doomed to cause chaos and in the long run, fail, be abandoned. Yes, you can.
Why then are forces pushing for economic collapse and global currency. I think this is the 80,000 gorilla in the room, think on these things Weedhopper. Visit and rant.
http://oahutrading.blogspot.com/
Personally, I think you've got this wrong. The economic system has already been destroyed--it's not limited to the USA. The financial system has withdrawn *all* of the extant wealth from the existing structures, and now expect government to fix the problem. Just because you can calculate the future profits for the next thousand years doesn't mean you can take a 2% cut of them TODAY without something breaking loose somewhere.
What's happening is that the results of the crash are spreading, that's all. A train crash, an avalanche, a volcanic eruption--you may feel just fine until you're destroyed by impact, but you can't avoid or escape the disaster.
It already occurred.
Exactly.
We are all falling into the vacuum together, its just that our way of measuring and understanding time makes it hard for us to see the obvious. You're falling.Im falling. We all fall together. Its nothing personal.
I like the metaphor, because despite the fact that we've already gone off the cliff, some of the folks falling want to fight like animals to claw themselves above the next person, apparently unaware that the approaching ground isn't going to distinguish on the basis of who splats first.
I dunno
Maybe your fat ass might cushion my fall a bit!
I am also going to start flapping my arms as fast as i can toward the bottom. It might work.
I ain't been fat in 12 years, asshole, and I still got my hair too. Eat your fuckin' heart out.
Theres gotta be some soft cushy asses in this freefall somewhere.
++
62,000 new employees, 124,000 new recipients of the Earned Income, Child Care, and Making Work Pay credits.
Why file once? Nobody checks on the giveaways.
And 900,000 people without income. What a great economic system - really getting the most out of the population!
Sunrise in America.
Is Fx halted pending RIMM? Somebody wake those dudes up.
Never mind. $ destruction has recommenced.
I have one word for you
Globalwageconvergence.
Nothing we can do but become more efficient, productive, and obtain value added skills.
You first. Ready to earn $4500 per year? Pre-tax?
You second: what are you going to do about it? Vote for ODammer - again?
No the stupid fucks want to try Smoot Hawtley again. They dont even know what that was.
I think you may have just Smoot-Hawleyed in your pants, ChiCom Charlie.
and other "stupid fucks" haven't figured out that a rear view mirror doesn't show you the future
smoot brings domestic manufacturing back to the USA to serve the domestic market
China takes the hit
by topcallingtrollon Thu, 04/28/2011 - 18:28
#1218227
No the stupid fucks want to try Smoot Hawtley again. They dont even know what that was.
They repeat catchphrases that they heard on teevee, maybe from Jimbo Cramer. They'll learn.
And i thought communism was dead.
I guess it really is like freddie kreuger
Guess again. I'm the most anti-Communist man you'd ever meet. Unlike you, fluffing the ChiComs. You are a traitor to Americans.
WTF are you talking about? I didn't put that prick in office. Would Sarah Palin be that much better?
Why do you act as if there is a choice?
BTW, $4500 ($2.16 hour) was a damn fine wage before the banksters took control of the money supply in 1910 (it's more than I make now, if measured in AEs). If it wasn't for them and all of their machinations (Bretton Woods anyone?), this global wage discrepancy would not exist.
Like it or not, this inequality will play itself out, and is already happening via outsourcing. Interestingly enough, one thing that will help the balance (and the US manufacturing base for domestic consumption) is rising fuel prices. As transportation costs grow, available markets shrink, creating opportunites for efficient, local producers. Of course, at first it will be a much smaller economy, but that is always the case after the unbridled growth of a boom with scarce resources wasted in malinvestment.
While none of this can be considered a "good thing," it is still the reality we face. Reckoning day will come eventually no matter what decrees are uttered by the suits in high places.
Perhaps not much can be done at this point, but facile cheerleading of the Fall of the Republic aka deindustrialization aka rape by the bankers aka all the rest of it isn't my cup of tea, ok? I personally don't demand a thing for myself, but these "liquidate labor, liquidate the farmers, liquidate etc." breezy statements by "Topcallingtroll" and the like make me see red. Wake up and smell the coffee, folks, they're coming for YOU next.
Actually the way to deal with global wage convergence is to become more productive and acquire high value added skills. I suppose your eay is just to take money from the more productive because you somehow deserve more than you get?
I'm doing just fine, thanks (well, barring my parents being dependent on my salary, but that's another story), but I feel for my fellow Americans, many of whom are too simple to "acquire high value added skills", you ChiCom apologist. I stand for America, what do you stand for? Your wallet? ROFLMAO.
BTW, I'm sure you feel very cogent in economics with your Associate's Degree in Marketing from Oral Roberts University, but I'm SURE that Daddy's money is giving you a lift....
There wasnt a lot of daddy money around, but i have worked hard and done well and now own my own widget factory.
Firstly, there was no income tax back in 1910.
Secondly, priced in silver, that $4,500 a year was equivalent to 8,137 t.oz/year ... which would be worth $227,000/yr (tax free) at the average silver price of 3 months ago -- and $390,000/yr (tax free) at today's silver price. Most people could live on that! (and most in the 3rd world would be very happy to live on 4,500 US fiatscos a year today!).
You sound like you don't understand the problem?!
Woo-hoo! A Mad Race to the Sweatshop Bottom!!
What a FANTASTIC economic system Capitalism is.
Thank god I have bottled water and glow-in-the-dark sneakers.
And motherfuckin Happy Meal toys.
I guess your alternative is I just hand over the money I earn to you? So you can have all those things you deserve? I and joe taxpayer should just give you shit rather than you bust your ass for it?
I'm trying to think of an alternative worse to paying banker-gangsters to put us into debt with the help of the governments they run, and I just can't come up with one.
Sorry.
+ 100
The banker / government partnership is not capitalism. It's fascism.
I call it The System. Labels obscure more than they reveal, though Fascism comes close.
This banker/government partnership - Monopoly-Finance Capitalism - is simply the latest incarnation of the exploiting machine that invented mercantilism and imperialism.
All for god and country, of course. And to civilize the darkies.
Why do you people constantly confuse banksterism with capitalism?
Capitalism is an extremely simple idea based upon the fact that you own your own labor and its products, unless you've sold your labor for wages, that is (then you own the pay you've contracted for). Let's pretend you're an entrepreneur and see which part is evil, ok?
Step 1: You've accumulated enough savings, or can get a loan to start a widget business. Is this evil?
Step 2: You produce widgets that people love, as it solves some need they have. Is this evil?
Step 3: After producing for a while, you start running a surplus (savings) because you are able to produce widgets better and cheaper than your competition. Is this evil?
Step 4: At this point, you have to decide what to do with your savings.
Both answer A & B create value for everyone (in the form of social circulating capital) assuming that the investments are wise ones (they solve human needs and thus are in demand). Even answer C is beneficial, as these people who do so can afford to consume higher end goods that most can't afford until R&D costs are covered, and demand gets high enough for mass production (remember the days of $5000 PCs?). So, no evil here, either, IMO.
Everything that is allegedly evil about capitalism is a distortion of it. Distorted by who? Why the banksters of course, who have broken the ability for entrepreneurs to accurately forecast the future, instead left with no tools other than to chase fads for the quick buck.
Down with the banks, indeed!
www.RegenerationX.org
How did you "accumulate" all that stuff to begin with? Funny how in 1200 pages Adam Smith devotes about 3 sentences to that pretty basic question.
Did it fall from the sky?
Did god give it to you?
Or did you obtain it in some other way, perhaps?
I dunno. Maybe you produced more than you consumed (i.e., saved). Isn't that possible? Or are you moving towards some sort of thesis that all capital is stolen from the poor, exploited working masses by evil capitalists, etc., etc...? Let me know, so I can tune out early.
Actual capital accumulation, the kind you read about in Econ 101, is being destroyed by artificially low rates of interest and dollar debasement, a process controlled by less than 10 banks in this country. Businessmen are losing money because of this. Free enterprise is dying because of this. Also, the insane regulatory complexity, especially the tax code, is favored by the biggest corporations to squash upstart competitors. THAT's what's going down, free enterprise killed by government serving a tiny oligarchy. I want a flat tax, it will never happen-- why? It keeps new businesses from being a competitive threat to the biggest businesses.
Let's start by eliminating the "right" of corporations to have the rights of an individual citizen.
The price of one currency or another doesn't impact capital accumulation in any serious way. Insofar as it has implications on the global flow of goods, radical revaluation is volatile - especially in the case of the dollar.
But the number of any specific currency relative to another one, or to gold, is simply a reflection of the value society gives to it. The system is collapsing because it cannot employ enough people in ways it deems 'productive' (i.e., it makes investors rich), not because the dollar is worth fewer Euros.
That's basically zero-sum.
The trick is/are commodities. Increasing costs of imported goods, oil, sugar, coffee, spare parts, minerals, etc. etc. are (largely) being driven by the cheapening of the dollar. That kills small businesses. It is mechanical... why should Senor Morales send us cheaper tin?-- or Senor Chavez cheaper heating oil-- or Senor Uribe cheaper coffee-- or Kan-san cheaper auto parts-- as the U.S. dollar declines in value? They shouldn't, and they don't. You are right about chronic under/un-employment being a social problem, but inflation matters for our domestic economic health and standard of living.
True, but that's because the dollar is itself only one type of capital - Money Capital - that changes in relation to other goods.
The dollar depreciation changes the balance and destabilizes things as a consequence, but wherever people suffer from high gas prices, Exxon and Goldman get paid that much more. It's not a devaluation of capital. It's THEFT, pure and simple.
Hmm....maybe you arent a communist.
Well no der. But you got my blood up.
Well no der. But you got my blood up.
Why in the world would you produce more than you need? Who would want/need it?
Does JP Morgan produce more than it consumes? How about Wal-Mart? I don't even know those people...
What I wrote was, "produce more than you consume". But beyond that, your question puzzles me. Obviously, I would produce more than I consume [need?] so that I can save up my excess production and utilize it later in some manner that benefits me. For example, by investing it. Or by giving it away to my heirs to help them. Or by using it in the future at a time when I no longer desire, or am no longer able, to produce at all (in some places this is called retirement). Do you not understand the nature of savings?
Your other questions baffle me to the point of silence.
If you're planning to use it later, it's not a surplus, it's planning ahead. When I can vegetables, that's not "producing more than I consume". That's pretty obvious. And if you're planning to give it to your own family, that isn't really surplus, either - especially if they're in your same residence.
Your extra green beans or peas don't turn in to 'investment' because you deem it so. How in the world do those peas become 'investment'? Their desire to be something other than be 'peas'? How does having some extra peas get me to retirement?
Moreover, is anyone who exchanges their peas for carrots Capitalist?
I can set more stones than I have fingers.
I can grow more tomatos than I can jar.
I can repair more automobiles than I can drive.
What am I supposed to do with them?
Why don't your read a book, or play some basketball, or fuck instead of wasting your time producing more than you need.
Maybe you can trade some tomatoes for some eggs, too.
Is that Capitalism?
I'm still wondering how in the world people would come to sell their labor, when they can do so much with their time when it's not controlled by someone else.
That's not capitalism. That's just enterprise.
It doesn't become capitalism until "your labor" and its products are rented to others who profit from them. The "capitalist" business has shareholders who demand a return solely for providing the "capital." Before that it's just standard artisan labor or basic market function.
Without remote ownership, it's really not capitalism. downwiththebanks may be an idiot, but the cause for his frustration should be pretty obvious if you look at the world critically for about a half-second.
This is spot on. In his day, Adam Smith was a 'moral philosopher' since the term economist didn't exist yet. The principle of liberty was critical to that thesis since the argument was against a king who owned all the land. The conclusion is that a free market and the right to retain the fruits of labor, acquire property and invest and reinvest surplus would produce the best allocation of scarce resource and maximize aggregate wealth.
Banks are not, in and of themselves, problematic. The consolidation in the banking industry was brought about only through an implicit and explicit guarantee by the federal government. In the absence of a backstop, no sane person would deposit money in any form in these banks.
Consolidation of power, political and economic, can only lead to corruption and tyranny. Free markets, liberty and democracy are the only way to prevent what we have today. Banks couldn't be so large and a government that truly safe-guarded liberty couldn't possibly backstop them. What we have is a system of fascism, where wealth is concentrated, profits are privatized and losses are publicly subsidized. Kings and serfs.
Adam Smith? You mentioned SMITH?!?
"Free markets" are fine by me, but in a world of global competition for labor, that requires open borders. If capital can flow, workers must be able to flow too.
But who the hell wants open borders?
Umm... Libertarians?
Aw, aren't you precious!
Most of the self-proclaimed "libertarians" who frequent this site favor elimination of taxation and all forms of welfare/entitlement spending, but aside from that, they're just what've passed as Republicans for the past 30 years.
(Go ahead and ask 'em if they want to let all them illeagles just come walkin' on in.)
Okay. I don't subscribe the zerohedge unified school of thought nor would I benchmark myself by whether the majority of the people who follow this site agree with me.
The free movement of labor is an inevitable consequence of a government that values individual liberty.
If the majority of readers here are hypocrites, that's not my problem.
Unfortunately, it IS your problem, it's just not your FAULT. ;)
I stand corrected.
Well, why not let them walk on in? They will provide both labour and consumers for a productive free market economy.
If they come with money, they can buy a house. If not, they can work and pay rent until they have saved enough to buy a house. If they don't want to work, they can queue up at one of the many charitable organisations that have always existed.
In actual fact, it is only the liberal democrats (and RINOs) -- who want to tax the fuck out of the people so that they can play with totally unproductive social welfare and social engineering programmes/ experiments -- who really want sealed borders. (To be more accurate, the republicans want sealed borders and 'medium' taxation while the democrats/RINOs would be happy with open borders and 'maximum' taxation; the libertarians seem to want 'low' taxation and an expensive military (go figure!) to attack other people's borders).
Immigration controls only arose with the advent of income taxes and the welfare state. Prior to that, one could wander the planet without restriction (because there were neither taxes nor benefits ... charity or work answered the needs of the poor).
In the coming Global Slave State, you will be lucky to be permitted to even leave your home (or plantation dormitory) ... let alone move away from your district, state or country without applying [in vain] for permission (as was the case in China until very recently). Lock-down is coming very soon.
PS. I'm an ancap, not a libertarian. Fuck government of any size.
Made me laugh. Bandwagon income tax, 1913 drivel and all...
People could not move freely before the income tax and welfare state. You confuse people who did not care about borders and freedom of movement.
The US citizens have a whole set of stories to rationalize their actions and do not reveal them as illegal settlers descendents as the vast majority of them are, like the Indians did not have borders, even when the US set them etc
Depicting an era when people disregarded the existing borders as freedom of movement is disingenous.
Border control became an issue when actually the other people start to get converted to the West way of doing this and started to disregard borders as well. It is only when others started to behave the american way that it was time to put an end to behave like an American.
It is why US citizens can not bear equality. They loathe the idea others can behave the way they do.
I'm tempted not to bother answering such an ignorant opinion, but I'll have one short go at it:
From Wikipedia: "On the whole, documents were not required for travel to sea ports, which were considered open trading points, but documents were required to travel inland from sea ports." and "In the later part of the nineteenth century and up to World War I, passports were not required, on the whole, for travel within Europe, and crossing a border was straightforward. Consequently, comparatively few people had passports."
Whether it was Chinese flocking to the goldfields of America, Africa and Australia, Irish fleeing famines to pursue opportunities in America and Australia, or other major migrations ... none of these were subject to quotas and most were not even subject to border checks. If you could afford a ticket -- or get a job on a boat -- you could travel almost everywhere with the passport (if any) serving only as a means of identity in case you needed to contact your own embassy.
Ellis Island was the first immigration station in America and only served to check that arrivals were healthy. It was opened in 1890 ... hundreds of years after European settlement.
Contrast that with today's quotas, entry visas, work permits, gropings, taxes and other documentation requirements.
I think you are mistaken. The only political ideology that you are required to subscribe to in order to even call yourself a libertarian is non-violence and non-intervention.
For more (/accurate) information, please visit www.lp.org
Funny how Adam Smith wrote and wrote and wrote without ever bothering to explain where those banks got their Capital from . . .
You'd almost think he did so on purpose.
Actually he explains in excruciating detail how wealth begins with a worker making sewing needles out of wire all the way to the redeployment of surplus capital.
But are you implying that Adam Smith who was arguing for the removal of power from the despots was part of a conspiracy to create Goldman Sachs?
I'm mean this sincerely. Please explain further.
Just so I know how to interpret your posts, could you also summarize your core beliefs? I can't quite pick up your point of view. From your posts I gather that you are an fascist, anarchist who wants socialized medicine and to end collective bargaining in the interest of bringing about a barter system and the restoration of the true mexican owners of North America.
I don't disagree with some of your points, just trying to figure out how the whole equals the sum of the parts.
Adam Smith was agitating for an end to the mercantilist system, and the emergence of the free-trade system that replaced it. It was really a screed against the East India Company.
And he begins with the sewing needle factory in order to illustrate the concept of DIVISION OF LABOR as (rightly) an advancement of labor's productivity when coordinated. While admittedly a key concept, and an interesting one, it has nothing whatever to do with the origin of Capital.
His pin factory description never attempts to explain how the labor itself came to be divided. Talking about a pin factory's bottom-line does not in any way explain how the owner of the workers' labor came to acquire it, nor how the workers themselves came to be sellers of their time for a wage.
That's what he ignores. The whole damn time. It's like 'ChristianGod' not addressing Original Sin in his little book of rhymes.
I'm still not following. Capital is a product of economic profits. In a free market system, participants will produce more goods until marginal revenue equals marginal cost. To the extent that there is an economic profit, i.e. a profit in excess of all costs including opportunity costs, the surplus becomes capital.
In aggregate, nations will utilize the productivity of its citizens and exploit comparative advantages and that creates aggregate wealth which can be stored for future consumption or deployed into more efficient uses. I don't see how this was glaringly omitted in Wealth of Nations?
Smith did do pretty good work. The problem is that most folks have about a 10 minute "understanding" of him and never bother to check out all the inversions/differences between the world he wrote about and the world today.
I make it a point to go to original texts, and I confess I couldn't make it through more than about 40% of WoN.
Ugh. Brutal.
It was a turning point type text. That said, it was a bit like reading the Gallic Wars. 10 pages of interesting stuff and then 90 pages of how many inches east they moved camp.
Still, I highly recommend roughing through at least 40%. What's relevant about it today is that its a reminder that. at one point, capitalism was viewed as the efficient and moral mechanism for allocating scarce resources. The shit show we have today bears no semblance to liberty, free markets or democracy.
When this bitch finally goes tits up maybe the next group of people that try to give it another go will blow the dust off of WON.
I agree ... and remember it (because of the arcane language constructs) as the most headache-inducing book that I have ever read.
How stupid. Nations are seldom limited to the regions with a comparative advantage. Please name the nations that did in Smith's times before vomiting propaganda. And from that single starting point, one shows what is wrong about this report.
In order to make things totally clear, please name nations, their comparative advantages and tells if the nation encompassed more than the regions that actually provided the comparative advantages.
Not every nation has comparative advantages, not even nations with large trade surpluses. In theory, the US has many comparative advantages: a large population of skilled labors, for example. We export expensive industrial equipment and import cheap manufactured goods. Is it a better use of our time to make deep water oil rigs or cheap plastic toys?
The US is the perfect case study of a nation that should and does produce national wealth. A diverse geography, deep inland rivers, massive shorelines with many deep water ports, industrial centers, a stable agricultural center, lots of land, a large and stable population and large bodies of water separating us from enemies. In classic economic growth theory terms, we have all the necessary ingredients.
What we lost was liberty and democracy, and we have corrupted our capital markets. Protecting individual liberty, free markets and preserving the integrity of our capital markets would make the US enduring and robust.
Instead, we have enslaved the population through debt and social welfare and turned our capital markets and economic advantages into a system designed to funnel wealth into the hands of the ruling elites. These elites will bleed the population and the government dry until the system collapses. Already, the majority of the population has lost its incentive to participate. Hard work only leads to more debt (high education costs and cost of living increases that outpace wage growth with the gap filled with credit expansion), our savings were offset with wealth destruction in the form of a transfer payment to 'save' greedy bankers, and at this point it is far easier to not participate at all and simply survive on government support.
Its not a question of whether and when this system will collapse. Its a question of whether we should allow this to go on for even one more minute.
That is what the communists said.
Bear with it. People trying to invent true capitalism are people in denial.
The US history is one of theft. US citizens've born it well as they were shielded by other groups paying the costs. Now it is a different story.
As to acquiring skills with added values, the best sector is still the financial sector, that is the one the US is the most able to manipulate, the one it exerts the most power on. Once again, gains derived from government.
The video game industry is full of so called libertarians. Just try in a US studio to outsource leg work to able East European, Indian, Russian or Chinese and all the soccer moms' sonnies are rioting. It would make better games though. Many added value jobs no longer belong to the US because the output of these jobs no longer comes with a valuation allowing to afford living in the US as the US has accumulated so much wealth on its territory.
IT is a sad story. What's even worse is that most people in this country still have their heads in the sand. even after the financial collapse of 08 and the resulting orgy of printing, most people just don't want to see it. They don't want to stop spending all their fake wealth (credit cards) and really understand what is happening, that is if you still have a half way decent job. These poor bastards who are working 10 hours a week at mcdonalds probably have a clue.
It's beyond pathetic now. Was running numbers on buying some property/w/structure with the intent of renting to WallyWorld warehouse workers a mile up the road. Best rental to cover costs and allow some reserve is $550, on a property cost of $34K. All goobermint and ins.
Most people are struggling to get by. Banker-gangsters don't seem to get that, but it's true.
And as the austerity cranks attack them, over and over again, the people will respond.
Here's what's funny: when the people do wake up, as they have in Wisconsin, those who now attack them for their complacency will propagandize against them with relentless vigor for their 'excessive' demands (a living wage, retirement, and health care, for example).
Dont demand anything from me and other people.
Go out and earn it. You dont like your job? Find another or deal with it.
I didn't ask for a preacher. Especially one dressed as a clown.
Your economic system is failing in realtime. Keep believing the answer is to kick people who actually PRODUCE something for a living in the face.
Wages for working people have flatlined for 40 years. How are your banker-gangsters doing?
You're confusing the producers with the parasites. Not surprised though.
No, you're confusing 'Producers' with derivatives merchants who gamble all day with government money.
I also find it interesting that many people on this site are traders. What exactly do traders produce?
(equities traders that is, not people who move goods from production to market).
Nothing.
Misery.
when the people do wake up, as they have in Wisconsin
bingo, a public employee union apologist
I have some news for your buddies. Their services to me are worth $15-20 bucks an hour in total compensation. Not $30-50+.
The public employee unions, bankers and .gov are all one and the same beast.
The PEU elect & payoff select politicians who then reward them for services rendered. PEU are essential to state/corporate fascism as we know it.
PEU also overwhelmingly vote Democrat.
Look at some of the quotes coming out of MA this week from the PEU as their Democrat buds turn off their money spigot. Disgusting dirt bag holdup artists. Comical.
To jerk off banker-gangsters and simultaneously type a response is a talent, I suppose. Good work.
Reforms are needed. Let's start with the banksters and see how far down the list we need to go. Not very far, I'll guess.
Now I remember you! You are the guy that was lobbying for the $150K/yr bus driver paid for by the 40K per year taxpayer citizens up in the Wisconsin area back during that strike/dispute (however you characterize it)!
It's all clear now. Thanks
Good one chubar!
Another word - USDJPY. Repatriation over?
I think the next step is obvious... McDonalds workers need to unionize and get a labor pool created so that McDonalds can give those other 938,000 other people health benefits and retirement.
What a stupid fucking system that doesn't have universal health care. No wonder why Babylon has turned into a wasteland.
Especially in the ghettos, where it's alright since it's mostly Black and Brown people who feel the banker-gangster's boot on their throat most forcefully.
This system has failed. We have 100 kinds of cat litter and a million people begging for a minimum wage job. It's a joke, really.
Funny how ghettos only exist in States controlled by Marxist scum.
Marxists don't control the banker-gangsters.
Banker/gangsters hired the marxists.
You wouldn't know a Marxist is she punched you in the face.
A Marxist would Nationalize the Fed and begin executing the banker-gangsters and reclaiming the assets they've stolen from the people.
Then she'd ban foreclosures.
You are clearly a marxist or a very close cousin
You never been to Georgia, boy? Or you callin' them Crackers "Marxist scum"?
Atlanta is controlled by democrats. I mean marxists.
You don't have to go to Atlanta to find a ghetto in Georgia, but it is a fine place to look.
Sure thing, Cletus.
The mayor of Yazoo City, MI is more powerful than the banks to whom he's buried in debt thanks to interest rate swaps sold by a banker-gangster.
Your health care isn't my problem, dipshit.
And vice versa.
There's the spirit that built the Egyptian Pyramids.
What we should do is ELIMINATE the right of workers to organize.
That makes sense at a time like this.
ON WISCONSIN
I hope you are not serious.
I fail to see how further stripping of constitutional rights helps this situation (the right to assembly, the right to enter into contracts and the obligation of government to enforce contracts is perhaps the only responsibility that government should have, edit: along with enforcing property rights).
Is this a joke? Ask any UAW member about the value of a GM contract! Contracts get voided whenever the banker-gangsters choose.
Ask a Pakistani about Lockeed Martin's Drone contracts.
"Contracts" are a lot like fishing bait.
I'm not getting you. You are saying eliminate the rights of workers to engage in collective bargaining and then complaining when those rights are interfered with?
End collective bargaining rights(tyranny) or enforce contracts(liberty)? What exactly are you arguing for, cause I'm not clear.
I'm saying that taking steps today that depress wages further beyond what's already taken place for four decades is genocidal.
I'm telling you: you'd best recognize this fact.
Taking away the right to bargain does precisely that, by giving the banker-gangsters even more freedom to smash and destroy their means of survival.
So we are in agreement, i.e. your first post was rhetorical.
Every year, BLS shaves 1-2% off of real price inflation, to get the CPI and every year true real wages drop. Imagine the affect taken out 30-40 years.
After my dad got married to my mom in 1959, my dad worked as a carpenter maintanence man for several employers, laid carpet, etc. With this meager wage he was able to raise a family of five children, have a stay-at-home wife, and purchase a house on one acre of land in Western Suffolk County on LI near the LIRR to NYC.
Today, that same job could afford him rent for a two bedroom apt in the same town with a working wife and no children.
This nation is done. We have turned our backs on what truly made this nation great. I cherish those simple days when my dad came home and mom had dinner on the table. I miss them, but thank God they don't have to see what this nation has turned into.
Sure it was an austere existence, but it was simple. I remember my passbook savings account and how I would count my dimes and quarters.
That's long gone and all that's left is a nation of very poor and a nation of very rich speculators. Thrift, hard work, sacrifice, patience have all been thrown out the window. We chose hell over heaven.
First off, "we" didn't choose anything. I have a similar family upbringing but "I" didn't choose for that to change.
It's called "fractional reserve banking" and the premise is that you lose 3% of purchasing power per year while restraining wages in order to make the rich even richer. Extrapolate that out 30-40 years and you have what we are currently looking at. It wasn't a choice that Americans were given, it was made for us by the bankers running america and the rest of the world.
Again, I'm sick of hearing about this "great" generation of middle class citizens +30 years back. If they were half as smart as some claim, they wouldn't have pissed away their extra income on posh vacations to Disney World and Vegas. It would have went to organizations and demonstrations against the elite class, who made it plain and clear decades ago what they were planning.
Supposedly, these great motherf**ckers had the best educational opportunities. I reckon they collectively fell asleep whenever the history teachers explained the founding principles.
You are obviously too young to remember what was going on 30-40 years ago. Vegas and Disney were not nearly the draw they are today. In the 60's and 70's, Americans were comparatively uninformed, having MAYBE 1 TV with MAYBE 3 channels depending on reception through rabbit eared attennaes.
It was a relatively good life with only one parent working and a deep belief in the "system" and "government".
It's fine that you have a disdain for that past since you never lived it, but you should know that the "middle class" back then was pretty much anyone who graduated from high school and made an attempt at working hard. They weren't, for the most part, a bunch of guys who went and studied government at college and knew what was planned. No one really had a clue what was coming from these bastards running gov't. They aren't blameless but they sure weren't given the full picture at 18 and asked to make a choice either.
You sound like a disenfranchised whiner to me. What have YOU done since finding out the truth?
So since you know how they all went wrong these thirty years ago, why don't you just show them how it's done? Is it all in the form, perhaps some good wrist action? Or is it fancy foot-work and a winning smile? They obviously didn't tell Disney to go to hell when they had the chance, so why don't you go down there and tell him for us?
We had fractional reserve banking in 1959, too. Clearly there's at least one other factor involved here.
After WWII the USA was the only first world nation that was intact, and so the USA was #1. It was an anomaly. The USA would never have been that dominant without WWII. Since then the USA has been reverting to the mean, where it belongs.
++ About the most erudite point made today.
We had factories intact, WE were the Saudi Arabia of oil(LARGEST producer in the world).
We were Forrest Gump when he had the only shrimp boat left after the hurricane(war). As Forrest said, "Well, we were the only boat, so if someone wanted Shrimp they got Bubba Gump shrimp"
It was an anomaly by and large.
Also, What do we really need now? Every body already has a toaster that works. We buy things now just because we are tired of the color.
It's a geometric progression. 2+% per year since 1913. It is only in the late stages of these progressions that they go vertical. (ie NOW).
The afterburner hit in 1971 (aug 15th) when we closed the gold window. And from about the 80's on when the Banker/Elite functionally took over the goverment and also completely took over the regulatory functions.
Also
Wages increase Linearly
Interest Compounds
Law of 72 bitches.
wow ..... we ought to be really suffering with low wages & a hyperinflationary depression ! Thanks to WALL ST. & WASHINGTON policy over the past 30 years the race to the bottom is now complete. The very people we elected to be our representatives in CONGRESS are the same people who set out to destroy us.
This is very sad. It kind of reminds me of the migrant farm workers in "The Grapes of Wrath".
At least those migrants were American.
By the way, I don't believe you told us what tribe you are from. Choctaw? Algonquin? Apache?
They were migrants too.
Says you, skip. Who did they exterminate with disease-infested blankets and treaties?
It's worse than slavery. With slavery, at least the slave gets a roof over his head, free medical care, and three square meals a day. They get told what to do and how to do it. The slaveowner needs to take care of his expensive possession.
In today's debt slavery, people work for minimum wage and get no benefits.
It's cheaper for employers today to pay their workers what they pay than to take them as slaves.
The option is always open for those unfortunate to commit a capital crime.
Just make it Schumer.
You are an elitist asshole. Chuck Schumer is your twin.
Being unemployed for so long has left you blaming and bitter toward others. Seriously get a mcjob.
Not unemployed, pee wee. I pay the bills in my house. Do you?
Just to make it perfectly clear, Chuck Schumer is just like you. A rich prick blowing smoke out of his ass, or is it his big schnozz??
You got it. Now you know who actually won the Civil War.
What I don't get is if all their customers become employees who are their new customers going to be?
Serfdom in the 21st Century...yipee
Now that is a good point.
+1933
The plan is for consumerism to pass to the far East. "American" corporations will sell to them.
I don't know about mcdonalds, but any fastfood place i've ever worked at still makes you buy the food.. at the very least they can let you slip past as an easy excuse to fire you for stealing..
I've been programming since I was 11 years old, my father told me when I was young (7 years old) to start in the technology industry and dedicate 100% of my effort into mastering it as best as I could.
I took his advice and I've earned over 100k/year since I was 17 years old. I'm not much older than that now. I've been to New York, Hawaii, Australia, Europe all on the clients dime because of the experience and dedication I've had to my craft, I have lost jobs and gotten another one for literally more pay job after job.
I understand this is bearish for our economy, but these people... I know a guy who's 24 and he just got hired at a place selling hot dogs for $10 an hour and he acts like he just won the lottery. He wants to make $20/hour though doing the same exact thing as a machine could do just as easily.
If you don't have a craft, a skill, experience, knowledge, work ethic, or any of the above of course you're going to apply at McDonalds and I'd venture to guess this is just the beginning of these ridiculous numbers. I can't even count on both of my hands and feet the number of people I've met who have graduated from college, and work at a restaurant now.
I'm not even 23 years old yet and I've been working full time since I was 15 years old. These stupid fucking people deserve every job they don't get for following up poor decisions with even more poor decisions. I don't have a fucking inkling to feel bad for them. I've met and know too many of them to feel sorry.
Welcome to America. Where mexicans are the majority, and the white persons sole purpose is to pay taxes, and suck Uncle Sam's cock.
Fuck these stupid worthless humans. Develop a fucking skill for the love of fucking god.
You neglect the fact that the Touchy-Feely Left created these Soylent Greeners.
Have you no compassion? Need to root out the source of the problem.
Schumer, Wiener, Wasserman-Schultz, Lieberman......
agreed.. I used some strong language in my above post that I regret now, but at the time felt like it made sense to be so... "angry."
Be better to leave that part next time.
"Fuck these stupid worthless humans. Develop a fucking skill for the love of fucking god."
Yup they should develope the only skill that matters. Making everything you do super valuable and everything everyone else does trivial and insignificant and worthy of some kind of misery or something.