120k a year isn’t enough

#655
#655
Orangeburst said:
yes they do.
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I'm not saying that wages don't have an effect. I'm asking you to clearly tell me that wages are driving the inflation higher... meaning, are wages the biggest factor. Or is there something else that is far more influential than just wage growth. Or... is the wage growth an lagging indicator or a result of galloping inflation?
 
#658
#658
volfanhill said:
Let me repeat. 72% of UPS is owned by institutional investors. Not board members. The remaining 28% is not owned by the board. They own some. But nothing where they can run rough shod
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The institutional investors are all in the same club. Your are ignorant as hell of you don't know this
 
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#660
#660
Godfatha said:
People are asking that because it is getting very hard to live on less. Have you seen the cost of housing/rent, let alone food?
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its not very hard, they are just too comfortable.

Most families could cut $250 bucks out of their monthly expenditures pretty easy. Cable/Streaming/Music/gaming subscriptions services chew up a pretty good amount each month, and most people don't realize it because they set it to auto pay/renew. They shouldn't be worried about having the newest and best of everything. Get the phone thats not just the older model, but maybe a couple models back, same with a car.

Our society has shifted to put luxuries at a higher priority over prudence. And that goes from the richest people, down to the poorest.
 
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#661
#661
LouderVol said:
its not very hard, they are just too comfortable.

Most families could cut $250 bucks out of their monthly expenditures pretty easy. Cable/Streaming/Music/gaming subscriptions services chew up a pretty good amount each month, and most people don't realize it because they set it to auto pay/renew. They shouldn't be worried about having the newest and best of everything. Get the phone thats not just the older model, but maybe a couple models back, same with a car.

Our society has shifted to put luxuries at a higher priority over prudence. And that goes from the richest people, down to the poorest.
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I don't disagree with you. People go stupid over having the newest model phones, which aren't any different/more useful than the previous model.

I'm just saying that when rent is $1,800/mo + utilities $300/mo + food $600/mo + fuel $300/mo + phone $80/mo + car insurance $150/mo + medical insurance $300/mo (all things you have to have or are mandated by law), I can't blame someone for asking for as much as they can get because that is what it takes to survive now.

The increase in the cost of living is the cause of folks asking for more money, not the other way around.
 
#662
#662
Godfatha said:
I don't disagree with you. People go stupid over having the newest model phones, which aren't any different/more useful than the previous model.

I'm just saying that when rent is $1,800/mo + utilities $300/mo + food $600/mo + fuel $300/mo + phone $80/mo + car insurance $150/mo + medical insurance $300/mo (all things you have to have or are mandated by law), I can't blame someone for asking for as much as they can get because that is what it takes to survive now.

The increase in the cost of living is the cause of folks asking for more money, not the other way around.
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It may be splitting hairs a bit, but what you are describing there doesn't take 80k, 65k would cover. 60k would technically cover but would leave zero wiggle room. and allows for clothes, shoes, and lets you put away some money for emergencies or bigger purchases at times.

the above is 3,530 a month, or 42,360. 65k leaves you with 49k a year or 4.1k a month take home pay.
 
#663
#663

The Western World Is About To Deliver Some Very Bad News To Its Young Adults | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

What seems to be missing here is a dose of Huw Pill cod liver oil, whereby the West confronts the idea that we’re not as rich as we used to be, and that deteriorating demographics and higher spends on national security might necessitate a lowering of ambitions around what is possible in welfare economics. There are signs that the message is starting to get through. BOJ Governor Ueda nodded to the plight of the West when he suggested that the relocation of supply chains will result in lower productivity in the future, which ultimately means lower real incomes. Meanwhile, former French Ambassador to the United States Gerard Araud, echoes Michael Every’s assessment of Europe’s diminishing importance by writing in the UK Telegraph that “deluded Europe can’t see that it is finished.”

Nobody likes bad news, but telling young people that they need to pay a higher proportion of their stagnant incomes to fund the pensions of people who are wealthier than they are ever likely to be is sure to go down like a lead balloon, especially when pop culture is already communicating the sense that a Dollar doesn’t buy what it used to, and is taxed to the hilt.
 
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#667
#667
@NurseGoodVol ???

75,000 Kaiser Permanente Workers Go On Strike In Largest Health Care Labor Action In US History | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

More than 75,000 Kaiser Permanente healthcare workers across hospitals and medical office buildings in California, Colorado, Washington, Oregon, Virginia, and Washington, DC, went on strike on Wednesday morning after the healthcare company failed to reach a contract agreement with the Coalition of Kaiser Permanente Unions.

The three-day labor action will be the largest-ever healthcare strike in the US, involving 75,000 workers or about 40% of Kaiser's staff. Workers at Kaiser hospitals and medical offices in DC and Virginia headed to the picket line around 0600 ET. Other strikes are planned for emergency department technicians, radiology technicians, X-ray technicians, medical assistants, pharmacists, and many other positions across facilities in California, Colorado, Oregon, and Washington state.
 
#668
#668
Rasputin_Vol said:
@NurseGoodVol ???

75,000 Kaiser Permanente Workers Go On Strike In Largest Health Care Labor Action In US History | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

More than 75,000 Kaiser Permanente healthcare workers across hospitals and medical office buildings in California, Colorado, Washington, Oregon, Virginia, and Washington, DC, went on strike on Wednesday morning after the healthcare company failed to reach a contract agreement with the Coalition of Kaiser Permanente Unions.

The three-day labor action will be the largest-ever healthcare strike in the US, involving 75,000 workers or about 40% of Kaiser's staff. Workers at Kaiser hospitals and medical offices in DC and Virginia headed to the picket line around 0600 ET. Other strikes are planned for emergency department technicians, radiology technicians, X-ray technicians, medical assistants, pharmacists, and many other positions across facilities in California, Colorado, Oregon, and Washington state.
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The Coalition of Kaiser Permanente Unions represents workers at nearly all of Kaiser's hospitals and medical office buildings. This suggests that 12.7 million people who rely on the hospital might experience delays in medical services through Saturday.

The strike by Kaiser workers is the latest labor action by unions this year as 'Biden inflation' has middle-class households. UAW strikes are still ongoing in Detroit against automakers, and there's a risk of another strike brewing in Vegas of more than 50,000 hospitality workers.
 
#669
#669
Rasputin_Vol said:
The Coalition of Kaiser Permanente Unions represents workers at nearly all of Kaiser's hospitals and medical office buildings. This suggests that 12.7 million people who rely on the hospital might experience delays in medical services through Saturday.

The strike by Kaiser workers is the latest labor action by unions this year as 'Biden inflation' has middle-class households. UAW strikes are still ongoing in Detroit against automakers, and there's a risk of another strike brewing in Vegas of more than 50,000 hospitality workers.
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This will escalate other hospital groups striking. Hospitals I work with for a few years now have been operating under the more with less model.
 
#670
#670
Blasphemy... So the average American needs to earn $115k /year to own a home today even though the average earnings are $74k?

Yeah... those lazy young people.

 
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