Showing posts with label Wages. Show all posts
Showing posts with label Wages. Show all posts

Thursday, July 21, 2016

In The Tank

Economic forecaster and best selling author Harry Dent identifies seven reasons America can expect Donald Trump to become the 45th President of the United States.

"These people are mightily pissed and Trump speaks to exactly what they are feeling. These are the people working as hard as ever and getting absolutely nowhere. Real wages have been declining since 2000 and are back near 1973 levels."

"If the economy sharply tanks in the second half of this year – as I anticipate – it will work against the establishment candidate, Clinton." said Dent.

Time to break the chain of dependency and reinstalling the dignity of a job turning into a career.



7 Reasons Why Donald Trump Could Be the Next U.S. President

Tuesday, September 22, 2015

Truth Lost in Conflicting Chaos

It is spinning out of control.

The NASDAQ was down 1.5% today, with the VIX (volatility index) spiking.

Overseas, Europe is under siege, with Nigel Farage detailing the damage unfiltered immigration will cause, with those seeking to take America down following Europe's lead.

Additionally, there are escalating issues with Russia in the middle, where things are quickly getting nasty, with our side lead by enemies within.

The housing market seemingly everyone is cheerleading is a mirage, as home builders and home sales are crashing.

Physical gold is elusive; however, big money is chasing it. Big money is also betting on increasing rents, which is a signal the economy is far from healed.  Potential home buyers are unable to pull the trigger on purchases of new or existing homes, as median income is stagnant and full time employment growth is non-existent.

Then, there is the stock market, where too many dollars are chasing too few performing assets, creating inflationary values based on nothing.  Retail sales, and manufacturing, have also collapsed.

With conflicting information everywhere, it is tough to decipher propaganda from reality.  Look no further than the lack of inflation in the market, or so we are told by our government and their media partners. In many ways, they seem blended in ironic mesh.


But make no mistake, real trouble is near. The market knows; soon, we all will.

 (chart via WallStreetWindow.com)

Tuesday, September 15, 2015

The Hamburglar's Got Nothing On Progressives Thievery.

The government understands raising the minimum wage increases unemployment and limits choice for the consumer, ultimately decreasing opportunities for low skilled workers, in turn leading more and more of them to become dependent of entitlements presented by the federal government.  The progressive government leaders welcome additional idiots, which can be found protesting for the raising of the minimum wage, to become dependent on entitlements, which increases the power of the government over the people.

It should be noted those "working for you" politicians powerful enough to give gifts are powerful enough to take them away.  Speaking of government officials flexing their power, in this case through association with the workers unions, we find Hillary Clinton.

She tweeted out attacking GOP presidential candidate and Wisconsin governor Scott Walker informing him how "unions help keep working families strong."  Clinton's comment is demonstrably false, and while Ms. Clinton in no Ludwig von Mises, she fully understands this. The comment was directed at the low information voting class she actually has little to no regard for.


Scott Walker hammered her, and his response, while it bitch slapped Clinton, is very important for folks to understand his comments.  While the low information workers think the unions and supportive politicians are getting up everyday to help them, while they are giving small benefits to them, they are actually increasing their power over them, choking them with punitive constraints. 

The truly excellent website Zero Hedge had a long piece titled "when work is punished," which chronicled in great detail the stranglehold places on entitlement recipients, noting "how financially destructive it can be for low-paid workers to try and break free of their dependence on the public purse."


McDonald's has been the target of paid union protesters, demanding a raise to $15 per hour for minimum wage.  When you lack common skills and educational prowess, your position for bargaining is most weak. While many would say this is why the union is needed, rather than forcing through extortion and bullying (Hi Hillary), some responsibility should be placed on the individual for not taking advantage of the public school system, advancing their education and skills and making poor life choices they expect their employer to pay for.  





















The minimum wage is not a wage a citizen should expect to raise their family on. Raises in wage levels should be performance based, not given to those lacking in education, responsibility and skills. When companies are forced through government intervention to raise wages, the result is a reduction in the work force, an economic principle the idiots in the picket line fail to comprehend.

Soon, very soon, the jobs of these low skilled workers will be replaced by robots. Do you think they have a life plan for that?

Hillary and her cohorts do. It involves establishing a permanent voting class of folks who are dependent on government handouts (entitlements). Under President Obama, very limited full time jobs have been created and wage growth is non-existent.

All part of the plan, a plan that not only fails to be recognized by the low skilled workers who are noting short of useful idiots, but eludes discovery by a large part of the sensible and educated folks who are working and are paying the entitlement tab.

The Hamburglar has got nothing on the progressives when it comes to thievery.

Saturday, May 8, 2010

Time for Innovative Lane Change

My friends have often accused me of being a master at stating the obvious. Given the horrific economic conditions of the day, advancing innovation through thinking outside the box may be a great way to expand incoming revenues.

Looks like I missed such an opportunity.

Cornell Law Professor Michael Lynn, after an exhaustive study, found that waitresses with larger breast sizes received higher tips. Ya think?
While this may seem self-evident to some, Lynn said that “it’s always important to test what seems like obvious cultural wisdom.” Professor Lynn indicates that while good service is appreciated, it weighs in far behind the physical appearance as far as tips go. “[Restaurants] might very well want to hire waitresses who will earn larger tips,” Lynn said. “[These employees] can largely be identified through their physical characteristics.”

As a former bar owner, I could have reported the findings of this research many moons ago. The list of customers stopping by, not just for our cold beer and great wings, but to visit with one of their favorite waitresses, was long.

Hopefully, Professor Lynn's study was not funded by some government grant, which would obviously be a complete waste of money. But, if the government is stupid enough to hand out money for these type of things, I have got to get my thinking cap engaged and start selling the volumes of seemingly useless and obvious information I have in my head.