Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing

[Over 29 years of fanhood]

7 minutes ago, Governor said:

Yes, 1/3 of the nation should stay poor so my burger stays cheap. Listen to yourselves!

 
good lord economic illiteracy is the real epidemic. But fair enough. I say increase minimum wage to what ever you make. Sound good? 

Edited May 11, 2021 by Over 29 years of fanhood

[Governor]

1 hour ago, Over 29 years of fanhood said:

Unemployment shouldn’t Free to recipients. Have them put in some hours at a soup kitchen or cleaning up the street or working for a charity, tutoring kids.

 

Free loader... ha. I support 4 or 5 freeloaders with my tax contributions. 
 

Nevertheless Paying people to do nothing doesn’t motivate them to go get employed. Unemployment should be entitlement to have a safety net job, not safety net income. 

I supported community service in exchange for UI during the tough early months. There should’ve been a program created to do just that.

 

Too bad Donald didn’t do that and said it was fake, was just the sniffles, would go from 30 cases down to zero in a week.

[Over 29 years of fanhood]

3 minutes ago, Governor said:

I supported community service in exchange for UI during the tough early months. There should’ve been a program created to do just that.

 

Too bad Donald didn’t do that and said it was fake, was just the sniffles, would go from 30 cases down to zero in a week.

Yeah he was an idiot. And yes there should have been a program to have those people do something productive.  Even if it was just writing a nice email or facetime an elderly person 

[Governor]

13 minutes ago, Over 29 years of fanhood said:

 
good lord economic illiteracy is the real epidemic. But fair enough. I say increase minimum wage to what ever you make. Sound good? 

The end date for enhanced UI was set perfectly. By august, the majority of the nation will be vaccinated. That was the plan.

 

Now, Corporations and lobbyists wants their slaves back 2 months early. Why?

 

The majority of these folks are women with children. The schools just opened back up. Now, we should cut their benefits early to force them back out there before everyone’s vaccinated?

 

The Chamber of Commerce just launched a multi-million dollar campaign designed to shame the unemployed for not taking low wage jobs. 

[BillStime]

1 hour ago, Over 29 years of fanhood said:

No one should work for $20k/yr in two of the lowest cost of living states in the country? Which lobby is saying that exactly? 
 

What an entitled loser thing to say. 
 

you’re gonna hate life when your Mcimpossible burger costs $30 and your salary hasn’t budged... 

 

It's funny, no one acknowledges the salaries associated with the C-Suite at McDonalds - only those making min wage.

 

[Over 29 years of fanhood]

2 minutes ago, Governor said:

The end date for enhanced UI was set perfectly. By august, the majority of the nation will be vaccinated. That was the plan.

 

Now, Corporations and lobbyists wants their slaves back 2 months early. Why?

 

The majority of these folks are women with children. The schools just opened back up. Now, we should cut their benefits early to force them back out there before everyone’s vaccinated?

 

The Chamber of Commerce just launched a multi-million dollar campaign designed to shame the unemployed for not taking low wage jobs. 

 

Nope you sold me. I think your hourly wage should be the new minimum wage. Sound good? 

 

[Governor]

Just now, Over 29 years of fanhood said:

 

Nope you sold me. I think your hourly wage should be the new minimum wage. Sound good? 

 

Now, I would tell unemployed people that they’ll receive the rest of their enhanced UI in a lump sum if they take a job right now, if that’s what the goal is.

 

Problem is, that’s not what it’s about. R Governors in red states want to steal that money and use it for other things like tax cuts, etc. 

[RochesterRob]

37 minutes ago, Governor said:

Yes, 1/3 of the nation should stay poor so my burger stays cheap. Listen to yourselves!

  Your burger should be cheap since it will be exclusively soy byproduct.  

[Governor]

3 minutes ago, RochesterRob said:

  Your burger should be cheap since it will be exclusively soy byproduct.  

I actually don’t eat soy. I’m not someone that’s always looking for a meat alternative. I think it’s all pretty gross and kinda weird.

[oldmanfan]

The problem for restaurants and fast food places and such, where wages are generally the minimum wage, are that those jobs have traditionally been taken either by part time high school students, or by immigrants.  I know where I live high school and college students aren't flocking to those jobs the way they used to, as a way for them to start gaining financial independence.  Their parents foot the bill for everything, to the detriment of their child.  My kids were told from the get go they would be expected to generate their own funds for entertainment, and to help pay for car insurance and such.  My younger one works at Chik Fil-A right now.  I always say that every kid should have to work at a fast food joint for a least some time to gain appreciation for work.  

 

The other issue around these parts is that the immigrant (or let's say less economically advantaged) population have no affordable housing anywhere near where the jobs in my area are located, nor do  they have ready transportation to get there.

[Over 29 years of fanhood]

13 minutes ago, Governor said:

Now, I would tell unemployed people that they’ll receive the rest of their enhanced UI in a lump sum if they take a job right now, if that’s what the goal is.

 

Problem is, that’s not what it’s about. R Governors in red states want to steal that money and use it for other things like tax cuts, etc. 

 

these states want to steal the money the federal government stole from its population and return it to whom it was stolen from? Sounds like a typical efficient government program. 

[Governor]

1 minute ago, Over 29 years of fanhood said:

 

these states want to steal the money the federal government stole from its population and return it to whom it was stolen from? Sounds like a typical efficient government program. 

Why not take it from the PPP loan program? Why is it always stolen from workers?

Edited May 11, 2021 by Governor

[Over 29 years of fanhood]

Just now, Governor said:

Why not take it from the PPP loan program? Why is it always stolen from workers?

Programs and governments don’t produce  money, workers and companies do... so that’s who they need to steal it from. 

I’d prefer they didn’t steal a third of my income. But that’s  ‘Mercian freedom! 

[Boatdrinks]

Now, that Governor character is a real dummy. Some start out poor but no one has to remain poor, that’s the beauty of America. No one needs to be a mom with kids who doesn’t want to be. 

[Over 29 years of fanhood]

1 minute ago, Boatdrinks said:

Now, that Governor character is a real dummy. Some start out poor but no one has to remain poor, that’s the beauty of America. No one needs to be a mom with kids who doesn’t want to be. 

Having children you cannot support is the most irresponsible thing a human being can do. 

[Governor]

8 minutes ago, oldmanfan said:

The problem for restaurants and fast food places and such, where wages are generally the minimum wage, are that those jobs have traditionally been taken either by part time high school students, or by immigrants.  I know where I live high school and college students aren't flocking to those jobs the way they used to, as a way for them to start gaining financial independence.  Their parents foot the bill for everything, to the detriment of their child.  My kids were told from the get go they would be expected to generate their own funds for entertainment, and to help pay for car insurance and such.  My younger one works at Chik Fil-A right now.  I always say that every kid should have to work at a fast food joint for a least some time to gain appreciation for work.  

 

The other issue around these parts is that the immigrant (or let's say less economically advantaged) population have no affordable housing anywhere near where the jobs in my area are located, nor do  they have ready transportation to get there.

Adults took all of those jobs 20 years ago. 
 

I would set a minimum wage for adults and for kids.

 

You want cheap labor? Hire a kid. That forces it back to the model you’re describing.

Just now, Over 29 years of fanhood said:

Having children you cannot support is the most irresponsible thing a human being can do. 

Don’t get me started. I think it should be illegal.

[reddogblitz]

25 minutes ago, oldmanfan said:

I always say that every kid should have to work at a fast food joint for a least some time to gain appreciation for work.  

 

My Dad always made us get summer jobs and other part time jobs to gain the appreciation for work.  But also provide an example for us as to what awaits us if we stop our education.

[oldmanfan]

4 minutes ago, reddogblitz said:

 

My Dad always made us get summer jobs and other part time jobs to gain the appreciation for work.  But also provide an example for us as to what awaits us if we stop our education.

Absolutely.

[Chef Jim]

1 hour ago, Governor said:

Yes, 1/3 of the nation should stay poor so my burger stays cheap. Listen to yourselves!

 

I spent 25 years in the industry that cooks your burger and it survived on low wages forever.  But, for some reason, you want to change all that.  Just because we put an apron on every day and sling hash doesn't mean we are poor.  Listen to yourself. 

[Governor]

Think about how bad essential workers got screwed. They were told they were getting up to 15k hero pay and Republicans stripped that from every bill before passage.

[Chef Jim]

16 minutes ago, Governor said:

Think about how bad essential workers got screwed. They were told they were getting up to 15k hero pay and Republicans stripped that from every bill before passage.

 

Define an essential worker.  

[ALF]

1 minute ago, Chef Jim said:

 

Define an essential worker.  

 

Grocery store workers

[Chef Jim]

2 minutes ago, ALF said:

 

Grocery store workers

 

That's it?  

[Over 29 years of fanhood]

26 minutes ago, Governor said:

Think about how bad essential workers got screwed. They were told they were getting up to 15k hero pay and Republicans stripped that from every bill before passage.

the minority party stripped something away? Ha, Rs are neutered whipped puppies right now... 

 

Sounds a lot more like empty political promises were traded away for pet programs.  When will you people learn?? 

[Governor]

9 minutes ago, Over 29 years of fanhood said:

the minority party stripped something away? Ha, Rs are neutered whipped puppies right now... 

 

Sounds a lot more like empty political promises were traded away for pet programs.  When will you people learn?? 

It was a GOP controlled Senate when that idea was floating around. Romney and a few others supported it. 

22 minutes ago, Chef Jim said:

 

Define an essential worker.  

Retail, hospitality, teachers, nurses, etc. I never agreed with the term itself. I wanted everyone sent home in the early months. 

Edited May 11, 2021 by Governor

[Chef Jim]

8 minutes ago, Governor said:

 

Retail, hospitality, teachers, nurses, etc. I never agreed with the term itself. I wanted everyone sent home in the early months. 

 

I'm not sure about retail.  Amazon made brick and mortar non-essential.   Hospitality?  People were not traveling and most can cook at home.  The ones I felt that were extremely essential are gyms and fitness centers.  Ours were locked up tight for months.  One way to fight the virus is good health.  Now you could say that people can get exercise at home.  The wife and I took hikes every night after work.  I was actually getting more cardio last summer than I do now at the gym.  However when the time changed it was dark for several months when I got home from work so my exercise was greatly diminished.  I can't tell you how happy I was when they opened back up recently. 

[Governor]

4 minutes ago, Chef Jim said:

 

I'm not sure about retail.  Amazon made brick and mortar non-essential.   Hospitality?  People were not traveling and most can cook at home.  The ones I felt that were extremely essential are gyms and fitness centers.  Ours were locked up tight for months.  One way to fight the virus is good health.  Now you could say that people can get exercise at home.  The wife and I took hikes every night after work.  I was actually getting more cardio last summer than I do now at the gym.  However when the time changed it was dark for several months when I got home from work so my exercise was greatly diminished.  I can't tell you how happy I was when they opened back up recently. 

The overall point I’m trying to make is that businesses got huge PPP loans, and are about to get more next week, and they took that money and improved their businesses, bought equipment, etc. and now the only thing missing is their low wage slaves.

 

They aren’t coming back for less than 15/hr. That old business model is dead and should’ve never existed in the first place.

 
The quicker people realize this, the better off they’ll be.

Edited May 11, 2021 by Governor

[BillStime]

 

[Chef Jim]

25 minutes ago, Governor said:

The overall point I’m trying to make is that businesses got huge PPP loans, and are about to get more next week, and they took that money and improved their businesses, bought equipment, etc. and now the only thing missing is their low wage slaves.

 

They aren’t coming back for less than 15/hr. That old business model is dead and should’ve never existed in the first place.

 
The quicker people realize this, the better off they’ll be.

 

If they used their PPP loans to buy equipment the loan will not be forgiven.  That is not the purpose of the Paycheck Protection Plan.  It was to protect paychecks not update their business.

 

Now here is the $64,000 question. If all those people were cool with making less than $15 per pandemic what changed in the last 14 months that makes it not cool?  Think carefully before you answer.  

26 minutes ago, BillStime said:

 

 

Let's add how CEO compensation works to the list of things  @BillStime  doesn't understand.  

 

Did you even read the article?

 

Quote

The total comp included a decrease in base salary to $350,000 from $1.29 million, as executive salaries were cut a result of the pandemic, 

 

[Chef Jim]

As per usual.  When @BillStime loses a debate he rolls his eyes and walks away.  Sad really. 

[Governor]

20 minutes ago, Chef Jim said:

As per usual.  When @BillStime loses a debate he rolls his eyes and walks away.  Sad really. 

Read this news article. He’s been following the ups and downs of the unemployed the entire time.

 

https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/#click=https://t.co/9cm0iSwY2P

Edited May 11, 2021 by Governor

[BillStime]

8 minutes ago, Chef Jim said:

 

If they used their PPP loans to buy equipment the loan will not be forgiven.  That is not the purpose of the Paycheck Protection Plan.  It was to protect paychecks not update their business.

 

Now here is the $64,000 question. If all those people were cool with making less than $15 per pandemic what changed in the last 14 months that makes it not cool?  Think carefully before you answer.  

 

Let's add how CEO compensation works to the list of things  @BillStime  doesn't understand.  

 

Did you even read the article?

 

 

 

1 minute ago, Chef Jim said:

As per usual.  When @BillStime loses a debate he rolls his eyes and walks away.  Sad really. 

 

LMAO - I HAVE A JOB TO DO DURING THE DAY - lmao

 

Funny how you glossed over the entire compensation package..

[\GoBillsInDallas/]

[Chef Jim]

2 minutes ago, Governor said:

Read this new piece by Jeff Stein. He’s been following the ups and downs of the unemployed the entire time.

 

https://www.washingtonpost.com/business/2021/05/07/jobs-report-labor-shortage-analysis/#click=https://t.co/9cm0iSwY2P

 

I can understand people not wanting to go back to work until they get vaccinated. Soooo....get vaccinated.  The part about people wanting to do something different? After sitting around for 14 months watching TikTok videos they want to be Internet Influencers?  I would imagine thinking about how drab their careers were pre-pandemic and wanting to do something more fulfilling has a lot to do with it but as the line in Caddy Shack goes..."the world needs ditch diggers too Danny!"  Cut the gravy train and see how many of those go back to flipping burgers and stocking shelves at Old Navy.  

5 minutes ago, BillStime said:

 

 

LMAO - I HAVE A JOB TO DO DURING THE DAY - lmao

 

Funny how you glossed over the entire compensation package..

 

I did not gloss over it. I chose not to include it.  Can you explain it to me?  

[ALF]

2 hours ago, Chef Jim said:

 

That's it?  

 

I'm more concerned with the lower wage essential workers , everyone needs to eat.

 

Let me add the workers at food processing plants.

Edited May 11, 2021 by ALF

[Big Blitz]

Just a friendly reminder for the young folk that have no clue how the economy works:

 

 

 

How Inflation Eats Away at Your Retirement Income

 

 

How Much Money Can Retirees Lose?

In terms of the actual amount of money that inflation can cost retirees, the numbers are startling. LIMRA Secure Retirement Institute constructed a model demonstrating the effect inflation could have on the average Social Security benefit over a period of 20 years. According to its research, a 1% inflation rate could swallow up $34,406 of retirees’ benefits. If the inflation rate were to increase to 3%, the shortfall would total more than $117,000.

 

https://www.investopedia.com/articles/retirement/052616/how-inflation-eats-away-your-retirement.asp

 

 

[Chef Jim]

15 minutes ago, ALF said:

 

I'm more concerned with the lower wage essential workers , everyone needs to eat.

 

Let me add the workers at food processing plants.

 

So these people weren't eating prior to the Pandemic? 

[Governor]

2 hours ago, Chef Jim said:

 

I can understand people not wanting to go back to work until they get vaccinated. Soooo....get vaccinated.  The part about people wanting to do something different? After sitting around for 14 months watching TikTok videos they want to be Internet Influencers?  I would imagine thinking about how drab their careers were pre-pandemic and wanting to do something more fulfilling has a lot to do with it but as the line in Caddy Shack goes..."the world needs ditch diggers too Danny!"  Cut the gravy train and see how many of those go back to flipping burgers and stocking shelves at Old Navy.  

 

I did not gloss over it. I chose not to include it.  Can you explain it to me?  

You need to go on unemployment. Cooks are the #1 profession for Covid deaths. 
 

Luckily, I’ve paid into something my whole life called “UI insurance” and I will approve you.

 

Shh! No one else on this board has paid into this “secret” program so it’s VIP.

Edited May 11, 2021 by Governor

[ALF]

50 minutes ago, Chef Jim said:

 

So these people weren't eating prior to the Pandemic? 

 

 

Underpaid at high risk  during pandemic. 

[Chef Jim]

42 minutes ago, ALF said:

 

 

Underpaid at high risk  during pandemic. 

 

Now you're talking about the risk.  Earlier it was being able to eat.  Which is it?  

54 minutes ago, Governor said:

You need to go on unemployment. Cooks are the #1 profession for Covid deaths. 
 

Luckily, I’ve paid into something my whole life called “UI insurance” and I will approve you.

 

Shh! No one else on this board has paid into this “secret” program so it’s VIP.

 

Why would I go on unemployment?  I make good money by working.  

 

UI Insurance?