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I am telling you there is no trickle down economy. It is Hoarding Economy


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2017 Jun 18, 1:58pm   27,181 views  204 comments

by Nobody   ➕follow (0)   💰tip   ignore  

http://www.msn.com/en-us/money/markets/the-hoarding-of-the-american-dream/ar-BBCKMQq?li=BBnb7Kz

It really doesn't make sense to give tax reduction to the rich and investors. The investors are motivated to invest, because
they are expecting a better return. The rich does not suffer from getting taxed more. In the end everyone wants to hoard.
Or they used that money that they hoard to invest in a system where they can squeeze more money from the middle class.

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184   Goran_K   2017 Jun 22, 4:05pm  

joeyjojojunior says

Why thank you. Now that we've established that, do you see that the problem isn't that the workforce is untrained (or uneducated), but rather that there just aren't enough jobs?

No, statistics do not agree with that statement. The employment rate for people with at least a 2 year degree, trade certificate, and 4 year degree are still extremely low, lower than the actual U3 unemployment rate. So it's not a jobs problem, it's a skills problem.

185   anotheraccount   2017 Jun 22, 4:05pm  

Goran_K says

Older tradesmen are retiring, or leaving the field, and there are literally no plumbers to take their place because kids are taught to look down upon trades

That's the same narrative that I hear from many Trump supporters; it's not true. I have a friend who is plumber who does well right now; he was unemployed for about two years during financial crisis even though he is in the union.

186   Goran_K   2017 Jun 22, 4:08pm  

errc says

Where do you live where hvac and plumbers are in short supply?

Or does that actually play out statistically?

This is based on a professional survey given by the ACG of America, the largest organization of General Contractors in the U.S.

According to the survey, 86% of respondents said the #1 problem facing their firm was "Trouble filling salaried and/or hourly positions".

187   Goran_K   2017 Jun 22, 4:09pm  

tr6 says

That's the same narrative that I hear from many Trump supporters; it's not true. I have a friend who is plumber who does well right now; he was unemployed for about two years during financial crisis even though he is in the union.

Yes, so were a lot more people. The financial crisis began nearly a decade ago and peaked 6 years ago. Those were different times.

188   Rew   2017 Jun 22, 4:20pm  

On the mend, but not recovered. What happens when the next recession hits? Similar trend of not making full recovery in employment? Seems likely to me.

189   joeyjojojunior   2017 Jun 22, 4:25pm  

Goran_K says

According to the survey, 86% of respondents said the #1 problem facing their firm was "Trouble filling salaried and/or hourly positions".

Actually what they say is

"Trouble filling salaried and/or hourly positions at the pay they are offering"

190   Strategist   2017 Jun 22, 4:33pm  

Goran_K says

It would never happen. Big companies rise and fall. New companies take over. Constant competition.

For instance in 1950, the biggest company by market cap was General Motors. Where is GM today?

GM had 60% market share in the 50's and 60's. Then the Japanese came, and the rest is history.
Damn unions.

191   Heraclitusstudent   2017 Jun 22, 4:34pm  

Goran_K says

So it's not a jobs problem, it's a skills problem.

Most people are too dumb to be data scientists. It's not something that's actionable unless you're considering genetic engineering.
This means for average human beings it's not a skill problem, it's a job problem.

That's exactly my point. A majority of human beings will soon be useless. Factor that in when you say "redistribution is theft."

192   joeyjojojunior   2017 Jun 22, 4:47pm  

Strategist says

GM had 60% market share in the 50's and 60's. Then the Japanese came, and the rest is history.

Damn unions.

Japanese workers are unionized too. So are German.

Perhaps it was just poor management decisions that killed the US automakers? Like being late to the show on quality and fuel efficiency?

193   Strategist   2017 Jun 22, 4:54pm  

joeyjojojunior says

Strategist says

GM had 60% market share in the 50's and 60's. Then the Japanese came, and the rest is history.


Damn unions.

Japanese workers are unionized too. So are German.

Perhaps it was just poor management decisions that killed the US automakers? Like being late to the show on quality and fuel efficiency?

Nope. The greedy American unions and the lazy, disloyal American workers are the problem.
The Japanese workers are ferociously loyal to their companies. They care for their company, thus turning out quality products. There was a guy who worked for Chrysler, who said he would leave out a screw, every time he got mad at his supervisor. The unions in America create an "us vs them" mentality against the management.

194   bob2356   2017 Jun 22, 5:02pm  

Strategist says

Nope. The greedy American unions and the lazy, disloyal American workers are the problem.

Of course they are. Making shit cars had nothing to do with the decline of US auto makers.

195   joeyjojojunior   2017 Jun 22, 5:05pm  

Strategist says

The Japanese workers are ferociously loyal to their companies. They care for their company, thus turning out quality products. There was a guy who worked for Chrysler, who said he would leave out a screw, every time he got mad at his supervisor. The unions in America create an "us vs them" mentality against the management

And why are they like that?? You don't think management has any culpability?

The difference in management styles between the Japanese car companies and the US car companies was about as stark as they come. It's funny how the same US workers care when they work for Honda or Toyota in the US....

196   Strategist   2017 Jun 22, 5:23pm  

joeyjojojunior says

Strategist says

The Japanese workers are ferociously loyal to their companies. They care for their company, thus turning out quality products. There was a guy who worked for Chrysler, who said he would leave out a screw, every time he got mad at his supervisor. The unions in America create an "us vs them" mentality against the management

And why are they like that?? You don't think management has any culpability?

The difference in management styles between the Japanese car companies and the US car companies was about as stark as they come. It's funny how the same US workers care when they work for Honda or Toyota in the US....

I would agree. Management style can make a hell of a difference. We have a lot to learn.

197   Goran_K   2017 Jun 22, 5:54pm  

Strategist says

joeyjojojunior says

Strategist says

The Japanese workers are ferociously loyal to their companies. They care for their company, thus turning out quality products. There was a guy who worked for Chrysler, who said he would leave out a screw, every time he got mad at his supervisor. The unions in America create an "us vs them" mentality against the management

And why are they like that?? You don't think management has any culpability?

The difference in management styles between the Japanese car companies and the US car companies was about as stark as they come. It's funny how the same US workers care when they work for Honda or Toyota in the US....

I would agree. Management style can make a hell of a difference. We have a lot to learn.

I would agree too. Unions are used to bilk money and benefits in the US. In Japan there is actually pride of work, something that I believe has been lost to US union workers.

198   Goran_K   2017 Jun 22, 5:55pm  

Heraclitusstudent says

Goran_K says

So it's not a jobs problem, it's a skills problem.

Most people are too dumb to be data scientists. It's not something that's actionable unless you're considering genetic engineering.

This means for average human beings it's not a skill problem, it's a job problem.

That's exactly my point. A majority of human beings will soon be useless. Factor that in when you say "redistribution is theft."

In general are people dumb or lazy? I would contend that it's a lot more of the latter.

199   Goran_K   2017 Jun 22, 5:56pm  

joeyjojojunior says

Goran_K says

According to the survey, 86% of respondents said the #1 problem facing their firm was "Trouble filling salaried and/or hourly positions".

Actually what they say is

"Trouble filling salaried and/or hourly positions at the pay they are offering"

No it doesn't say "that" at all. At 86%, they are talking about market rate.

200   joeyjojojunior   2017 Jun 22, 7:18pm  

Market rate is the rate at which jobs get filled. So, if the jobs aren't getting filled, it's not market rate

201   FortWayne   2017 Jun 22, 8:15pm  

Kids these days are just entitled and lazy when brought up by parents who don't teach value of hard work. I know parents like that, their kids are going to be hit with a dose of reality one day when they have to be on their own. Haven't worked a day in their life or paid taxes, but they sure are Democrats all right.

202   Goran_K   2017 Jun 23, 9:15am  

joeyjojojunior says

Market rate is the rate at which jobs get filled. So, if the jobs aren't getting filled, it's not market rate

That's such a ridiculous point.

If there are 10 job openings for a plumber, and there are only 2 people available who will only become a plumber for $10,000 an hour, that doesn't mean $10,000 is the market rate. It's called a transitional supply shortage (basic economic concept). When horse buggy makers started losing business due to technology, it took time for those people to convert themselves to become car makers.

But this wasn't caused by technology changing, it was caused by leftist indoctrination and culture which slowly decreased the supply of tradesmen in the market.

Regardless at 86%, the data is indicating a supply shortage, not a wage deficiency.

If the response rate was under 20%, then your theory might have some legs. But at 86%, it's completely off in left field.

203   joeyjojojunior   2017 Jun 23, 6:39pm  

But, but, but... companies can't afford to pay workers more money

204   Strategist   2017 Jun 23, 7:49pm  

joeyjojojunior says

But, but, but... companies can't afford to pay workers more money

The God of Capitalism will dictate who will survive and who will perish. It's the survival of the fittest.

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