Is just so misleading for it includes rentals, investments and so on. Need to focus in on wage data and even there we see dramatic inconsistencies with other reports.
Myself, I'll take IRS aggregate data and SSA aggregate data over the BLS.
There for the Grace of God Go I. So you may have worked hard, been bright enough and gotten a great job but what you do not realize is that's *so far*. There is age discrimination, all sorts of problems as to why people go broke and it has nothing to do with their own actions.
Sure, these are sobering statistics, but America is still a land of opportunity. You can just no longer get a degree in soft sciences and expect to live as a middle class American. I came from a lower middle class family, studied hard in college for a worthwhile degree, and got a good job because of my grades and major. Now, I'm doing fine. The vast majority at the same college I attended were getting worthless degrees while financing their life by credit cards, and partying. This article makes it appear as if you are to just lay down, stay inside your tenement, and just give up. Oh, and all of my career was built during the recession (gasp!). Over 80% of the millionaires in the U.S. are first generation.
We don't care about China because the U.S. is just giving U.S. prosperity to China. We care about our kids, how our people are now INTO poverty and have no future, opportunity. Giving our jobs and economy away to another country so now Americans are screwed is simply not the answer. That sure ain't raising "all boats".
Today, the Department of Labor issued a report declaring Vietnam as one of just four countries in the world that uses both child labor and forced labor in the apparel sector.
Through the use of such unethical labor practices, in addition to union repression and abysmal wages, Vietnam has been able to keep its production costs low. Under the TPP, U.S. businesses and workers would be forced to directly compete with Vietnamese firms on this uneven playing field.
On May 12, 1998 Nike's CEO Phil Knight gave a speech at the National Press Club where he spoke of Nike’s reasons for moving factories out of the United States and into mainly third world countries in Asia.
"During the 1990s, all our experiences have caused us to really believe in the benefits of international trade. The uplifting of impoverished people, the better values for consumers in industrialized nations, and most of all, the increased understandings between peoples of different cultures." http://web.stanford.edu/class/e297c/trade_environment/wheeling/hnike.html
Nike has 777 factories in 43 Countries employing 1,009,496 workers. Just in Vietnam alone Nike has 71 factories with 311,548 workers. http://manufacturingmap.nikeinc.com/
A short clip (15 minutes) at YouTube on China hosted by Ted Koppel called “The People's Republic of Capitalism”.
The common complaint that the Chinese are taking jobs away from American workers is in many cases true. China has lifted 300 million people out of poverty in less than a generation That's a population, pretty much the size of the United States. The name of the game now is to bring the remaining billion out of poverty and they are going to be our competitors for oil and water.
Great expose and keep it up. This has to be one of the biggest problems in the U.S. and these for profit nursing homes just warehousing people is disgusting. Someone with Dementia cannot complain, doesn't even remember and relatives are kept in the dark, Guardians as well.
Those bruises look like restraints or "helping hands" from a worker. Ugly.
Wanna see how quickly smart men will make the stock market tank if you tax their gains by 90%?
Even if the 1% were to pay the "average" percentage in taxes - say 35%, they are still paying 35% on BILLIONS of dollars and contributing more in a month than the average shmoe will pay in his lifetime.
Why should a rich person be expected to pay millions of dollars a year to live in the same country, with the same government services, as someone who contributes only a measly couple hundred grand in their LIFETIME to receive the same services?
This was all covered in Wealth of Nations.
Even with a flat tax - which we used to, and still should have - the rich pay significantly more into the pot, without progressive taxation. A million dollar home, for example, generates more revenue in property tax for the government than a $100,000 home... and since the only people who can afford million dollar homes are the rich, they already pay more taxes than the rest of us. Same for people who buy Ferraris and pay sales-tax on a $250,000 car rather than a $30,000 car.
At the end of the day, they already pay exhorbitant taxes for receiving the identical bloody services as the poor.
Do you think it's justified for McDonald's to charge a billionaire $500 for a Big Mac when you, a 99%er, can buy one for $4?
I don't think so, and as a billionaire, I'd tell McDonald's to stuff up their rear end, and create a fast-food joint in my 20,000 acre back yard that gives me Big Mac's for free. Probably in a different country too, since the bureaucrats would tax the snot out of me and try to rezone the entire municipality to screw me out of my money.
Just because you're rich doesn't mean you should accept being ripped off.
Please don't link to idiots and there are many....with PhDs. Salzmann is correct and does apply econ 101 correctly. The claim that skilled "lifts all boats" of unskilled becomes absurd when that job is displacement, not even added. There's some econ 101 fer ya, 1-1 = 0 net gain.
I had high hopes for Noah Smith when he started blogging not long after the financial crisis. The timing appeared perfect for an open-minded heterodox economist to come onto the stage and tear down the old myths. Well perhaps it was the perfect time, but Noah was not nearly the man for the job. He is a newbie PhD and has no legs. He can be funny at times, but should never be taken seriously. Nonetheless, I would imagine he still has to do what he can to earn a living. I cannot imagine how he will ever pay off his student loans. Absurdity is the cornerstone of Noah's economic analysis. It is a geeks without borders kind of thing about worldly wonder. If you continue to attack Noah then people will think the worse of you, like a man that steals candy from small children or bullies cripples. "A man's greatness can be measured by his enemies.” ~ Donn Piatt
Noah Smith makes a futile attempt in this article "What Tech-Worker Shortage?" (at Bloomberg -- November 26, 2014) trying to debunk this article "The Tech Worker Shortage Doesn't Really Exist" (at BusinessWeek by Josh Eidelson -- November 24, 2014).
Noah Smith's first absurdity: "Low-skilled workers will benefit if we let in skilled immigrants. The skilled immigrants will shop at the grocery stores, take cab rides and get their lawns landscaped, thus putting money into the pockets of the low-skilled American workers."
Noah Smith's second absurdity: "Meanwhile, some native-born tech workers will be put out of a job, but since the number of jobs in the world isn’t fixed, they will find new jobs at new companies -- possibly for a bit less money than they earned before, but they will be OK. And with the creation of those new companies, the economy will grow."
The emerging “tax extenders” package marks a significant step backward on several key issues facing the nation: long-term budget deficits, high levels of poverty (especially among children), and widening inequality. It would permanently enlarge budget deficits — and, by so doing, increase pressures to cut domestic programs more deeply — while favoring large corporations and leaving out millions of families that work for low or modest wages.
As of November 12, Antonio Weiss is President Obama’s pick to oversee the domestic financial system — including the implementation of the Dodd-Frank financial reform act and consumer protection agency at the Treasury. Antonio Weiss also put together the deal for Burger King to move to Canada to avoid taxes. Elizabeth Warren proclaimed:“Enough is enough. It’s time for the Obama administration to loosen the hold that Wall Street banks have over economic policy making.”
BusinessWeek -- "Only half of STEM (science, technology, engineering, and mathematics) college graduates each year get hired into STEM jobs. “We don’t dispute the fact at all that Facebook and Microsoft would like to have more, cheaper workers,” says Salzman’s co-author Daniel Kuehn, now a research associate at the Urban Institute. “But that doesn’t constitute a shortage.”
As an American worker, I have considered 'many times',
changing my name to kumar, so that I would be able to get a job in this country. Who cares if its low wage, I just want anything and willing to take below minimum wage.
Can a American citizen, leave the country and reenter as an immigrant? I would think I would not only get more benefits, rushed to the front of every line, but also given a job.
Is just so misleading for it includes rentals, investments and so on. Need to focus in on wage data and even there we see dramatic inconsistencies with other reports.
Myself, I'll take IRS aggregate data and SSA aggregate data over the BLS.
It is my greatest hope that there is a just God.
There for the Grace of God Go I. So you may have worked hard, been bright enough and gotten a great job but what you do not realize is that's *so far*. There is age discrimination, all sorts of problems as to why people go broke and it has nothing to do with their own actions.
Sure, these are sobering statistics, but America is still a land of opportunity. You can just no longer get a degree in soft sciences and expect to live as a middle class American. I came from a lower middle class family, studied hard in college for a worthwhile degree, and got a good job because of my grades and major. Now, I'm doing fine. The vast majority at the same college I attended were getting worthless degrees while financing their life by credit cards, and partying. This article makes it appear as if you are to just lay down, stay inside your tenement, and just give up. Oh, and all of my career was built during the recession (gasp!). Over 80% of the millionaires in the U.S. are first generation.
Bud,
We don't care about China because the U.S. is just giving U.S. prosperity to China. We care about our kids, how our people are now INTO poverty and have no future, opportunity. Giving our jobs and economy away to another country so now Americans are screwed is simply not the answer. That sure ain't raising "all boats".
Today, the Department of Labor issued a report declaring Vietnam as one of just four countries in the world that uses both child labor and forced labor in the apparel sector.
Through the use of such unethical labor practices, in addition to union repression and abysmal wages, Vietnam has been able to keep its production costs low. Under the TPP, U.S. businesses and workers would be forced to directly compete with Vietnamese firms on this uneven playing field.
http://citizen.typepad.com/eyesontrade/2014/12/us-workers-should-not-be-...
On May 12, 1998 Nike's CEO Phil Knight gave a speech at the National Press Club where he spoke of Nike’s reasons for moving factories out of the United States and into mainly third world countries in Asia.
"During the 1990s, all our experiences have caused us to really believe in the benefits of international trade. The uplifting of impoverished people, the better values for consumers in industrialized nations, and most of all, the increased understandings between peoples of different cultures."
http://web.stanford.edu/class/e297c/trade_environment/wheeling/hnike.html
Nike has 777 factories in 43 Countries employing 1,009,496 workers. Just in Vietnam alone Nike has 71 factories with 311,548 workers.
http://manufacturingmap.nikeinc.com/
A short clip (15 minutes) at YouTube on China hosted by Ted Koppel called “The People's Republic of Capitalism”.
The common complaint that the Chinese are taking jobs away from American workers is in many cases true. China has lifted 300 million people out of poverty in less than a generation That's a population, pretty much the size of the United States. The name of the game now is to bring the remaining billion out of poverty and they are going to be our competitors for oil and water.
https://www.youtube.com/watch?v=L2m4ogCvOW4
Great expose and keep it up. This has to be one of the biggest problems in the U.S. and these for profit nursing homes just warehousing people is disgusting. Someone with Dementia cannot complain, doesn't even remember and relatives are kept in the dark, Guardians as well.
Those bruises look like restraints or "helping hands" from a worker. Ugly.
Wanna see how quickly smart men will make the stock market tank if you tax their gains by 90%?
Even if the 1% were to pay the "average" percentage in taxes - say 35%, they are still paying 35% on BILLIONS of dollars and contributing more in a month than the average shmoe will pay in his lifetime.
Why should a rich person be expected to pay millions of dollars a year to live in the same country, with the same government services, as someone who contributes only a measly couple hundred grand in their LIFETIME to receive the same services?
This was all covered in Wealth of Nations.
Even with a flat tax - which we used to, and still should have - the rich pay significantly more into the pot, without progressive taxation. A million dollar home, for example, generates more revenue in property tax for the government than a $100,000 home... and since the only people who can afford million dollar homes are the rich, they already pay more taxes than the rest of us. Same for people who buy Ferraris and pay sales-tax on a $250,000 car rather than a $30,000 car.
At the end of the day, they already pay exhorbitant taxes for receiving the identical bloody services as the poor.
Do you think it's justified for McDonald's to charge a billionaire $500 for a Big Mac when you, a 99%er, can buy one for $4?
I don't think so, and as a billionaire, I'd tell McDonald's to stuff up their rear end, and create a fast-food joint in my 20,000 acre back yard that gives me Big Mac's for free. Probably in a different country too, since the bureaucrats would tax the snot out of me and try to rezone the entire municipality to screw me out of my money.
Just because you're rich doesn't mean you should accept being ripped off.
Please don't link to idiots and there are many....with PhDs. Salzmann is correct and does apply econ 101 correctly. The claim that skilled "lifts all boats" of unskilled becomes absurd when that job is displacement, not even added. There's some econ 101 fer ya, 1-1 = 0 net gain.
Darryl FKA Ron said in reply to this comment at Mark Thoma's blog
http://economistsview.typepad.com/economistsview/2014/11/links-for-11-27...
I had high hopes for Noah Smith when he started blogging not long after the financial crisis. The timing appeared perfect for an open-minded heterodox economist to come onto the stage and tear down the old myths. Well perhaps it was the perfect time, but Noah was not nearly the man for the job. He is a newbie PhD and has no legs. He can be funny at times, but should never be taken seriously. Nonetheless, I would imagine he still has to do what he can to earn a living. I cannot imagine how he will ever pay off his student loans. Absurdity is the cornerstone of Noah's economic analysis. It is a geeks without borders kind of thing about worldly wonder. If you continue to attack Noah then people will think the worse of you, like a man that steals candy from small children or bullies cripples. "A man's greatness can be measured by his enemies.” ~ Donn Piatt
... a symbol for the 0.00001% uber rich in America who control large sections of the globe...
...and, all the sugar daddies around the globe that redistributes wealth in only the ways that THEY see fit and that most benefits them.
Noah Smith makes a futile attempt in this article "What Tech-Worker Shortage?" (at Bloomberg -- November 26, 2014) trying to debunk this article "The Tech Worker Shortage Doesn't Really Exist" (at BusinessWeek by Josh Eidelson -- November 24, 2014).
Noah Smith's first absurdity: "Low-skilled workers will benefit if we let in skilled immigrants. The skilled immigrants will shop at the grocery stores, take cab rides and get their lawns landscaped, thus putting money into the pockets of the low-skilled American workers."
Noah Smith's second absurdity: "Meanwhile, some native-born tech workers will be put out of a job, but since the number of jobs in the world isn’t fixed, they will find new jobs at new companies -- possibly for a bit less money than they earned before, but they will be OK. And with the creation of those new companies, the economy will grow."
http://www.bloombergview.com/articles/2014-11-26/what-techworker-shortage
A symbol for the 0.00001% uber rich in America who control large sections of the globe?
The emerging “tax extenders” package marks a significant step backward on several key issues facing the nation: long-term budget deficits, high levels of poverty (especially among children), and widening inequality. It would permanently enlarge budget deficits — and, by so doing, increase pressures to cut domestic programs more deeply — while favoring large corporations and leaving out millions of families that work for low or modest wages.
http://www.cbpp.org/cms/?fa=view&id=4240
As of November 12, Antonio Weiss is President Obama’s pick to oversee the domestic financial system — including the implementation of the Dodd-Frank financial reform act and consumer protection agency at the Treasury. Antonio Weiss also put together the deal for Burger King to move to Canada to avoid taxes. Elizabeth Warren proclaimed:“Enough is enough. It’s time for the Obama administration to loosen the hold that Wall Street banks have over economic policy making.”
http://www.thenation.com/blog/191289/next-big-fight-between-progressives...
BusinessWeek -- "Only half of STEM (science, technology, engineering, and mathematics) college graduates each year get hired into STEM jobs. “We don’t dispute the fact at all that Facebook and Microsoft would like to have more, cheaper workers,” says Salzman’s co-author Daniel Kuehn, now a research associate at the Urban Institute. “But that doesn’t constitute a shortage.”
http://www.businessweek.com/articles/2014-11-24/the-tech-worker-shortage...
He's the guy in the photo at the very top of the post. His "niece" in the photo is thanking him for his generosity ;)
As an American worker, I have considered 'many times',
changing my name to kumar, so that I would be able to get a job in this country. Who cares if its low wage, I just want anything and willing to take below minimum wage.
Can a American citizen, leave the country and reenter as an immigrant? I would think I would not only get more benefits, rushed to the front of every line, but also given a job.
Am I missing something? Should it be Uncle Sam? Or is Uncle Jim just the ??? Thx.
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