Is it true that there are 2 jobs for every worker? Because I'm not seeing any of that.
American Economics Thread
- Thread starter Bernard
- Start date
I dont know the exact numbers but on the surface this seems wrong.... these arent the kind of jobs anyone wants to do.... its true that the average person probably has to work two low-end jobs just to make ends meet... but thats hardly a good thing...... basically these places with job openings dont pay worth a damn so no one wants them because its a net money sink, you are basically a real slave or in some cases even losing money just to work there... all the gig workers that drive their own cars, with gas prices what they are whats essentially happening is they are reverse-mortgaging the fixed asset known as their car (accelerated wear and tear depreciation) to pay themselves.... by converting the value of their prexisting asset (car) into short term cash.... and thats how they barely break even, its calculated that otherwise most doordash, ubereats etc drivers only effectively net earn $2.38 per hour...
The issue is nominal wages have stayed the same while costs of living has skyrocketed and purchasing power of the dollar has cratered... there can be a zillion "job openings" out there but its pointless if no one can even afford to take those jobs...
The US federal min wage is still at $7.25/hr where its been since 2009. But I was making $45k back in 2009 and over $100k today I can tell you im overall a lot worse off today than I was back in 2009. Plus Im now put in higher tax bracket now, and the same house has to pay higher property tax due to increase of property tax rate and the rise in valuation of the home even though its the exact same house but actually aged by more than a decade older!
The CPI is fake, I did my own basket of goods calculation by comparing my amazon and online purchases and basically for me inflation was 25% the last year.... not the fake 9%... if you go to chapwoods or shadowstats you will see their calculated numbers much more comport and align with mine empirical data and stats than that of the US governments fairy tale.
It would be basically what I had imagined. The fact that there are nominal salary increases is in fact a little commemorative news since the real salary decreases every year, Biden celebrates a "strong" economy when in fact looking at the numbers metrically one sees a totally dysfunctional economy and still not recovered from the Covid. The problem is that the FED sees these numbers and this is not a good sign for an autarchy that should have the priority of defending the purchasing power of the population, but what you see is a total inertia because if you raise interest rates sharply to contain the strong inflation occurring in the US will lead to recession, if it increases gradually as expected from the Fed, it will push the problem into the future, with that comes higher inflation, more shortages and other things that only affect the salaried population. I posted an article about the CPI, the way it is calculated is completely incomplete, here where I live we have a CPI even higher than the US and our inflation is 1% below the US.
This recent news of the number of jobs created, can you tell me on a scale of little, medium or a lot, how much of jobs created in positions that pay almost nothing helped to increase this record?
By the way, the revised data will be published on August 25th. Will the data be worse or a little better, or will it hold?
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I dont know this level of detail, but most of the jobs are low end jobs... I work in the tech industry and recently Ive heard stories where they are rescending job offers due to abrupt hiring freezes across the board. Folks have moved across the country for a new job just to be told their new job even doesnts exists anymore. Thats cant be a good thing, and the recruiters I chat with all agree that suddenly no one in IT is hiring anymore... tech companies are already laying off staff left and right....I see just in my company the termination list (we have to get notified to cut their access) has skyrocketed.... people are getting canned left and right
Yet I go to a gas station yesterday and see that its closed off due to lack of workers....
Something is very wrong here....
people with good jobs are being canned. nobody wants to work a bad job.
They just passed the Inflation Reduction Act...
So these tards in CONgress dont realize you cant legislate yourself to a higher EROEI just by the stroke of a pen? Heck the Feds tried to print its way out of the mess but no amount of human laws nor funny accounting will be able to violate the 2nd law of thermodynamics / entropy nor will it more energy make
So these tards in CONgress dont realize you cant legislate yourself to a higher EROEI just by the stroke of a pen? Heck the Feds tried to print its way out of the mess but no amount of human laws nor funny accounting will be able to violate the 2nd law of thermodynamics / entropy nor will it more energy make
They could just kill 100 million of the poor people and turn them into fertilizer to sell, wouldnt surprise me at this rate
Its in the works, see Deagal 2025
I'm glad the honorable Mr. Sleepystudent decided to take his delusion elsewhere after being banned for the n-th time on this forum.