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People were trained and promoted from within. Before we were married my wife rented an apartment in someone’s Vermont home that was the Head of one of the big brokerage houses on the NYSE He started in the mailroom and worked his way up. My father started in aerospace out of HS and worked his way up. These guys knew what the people below them do and they were not just occupants of a cubicle. Corporations acted as important members of communities and felt responsible to them and their employees and also their shareholders. With the prevalence of the MBA Shareholders have become #1 and employees and communities are just a somewhat necessary evil. There were also strong unions that stood up for their members and increased wages and benefits which then raised opportunities across the board. Posted from my iPhone/Mobile device |
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gimme a break. you spout off all these vague generalizations which can’t be proven nor disproven. i worked at aetna, travelers, and the hartford, all werenterrific corporate citizens. you are correct when you say companies are leaner and more efficient. the downside is reductions in employee perks. what you conveniently left out, is that the upside is lower prices. do you never ship for the best price? how do you suppose “best price” happens? Posted from my iPhone/Mobile device |
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Scott...I have to agree. Growing up poor in the 50's and 60's, my seven brothers and sisters and I were not poor but, our clothes were hand-me downs or from thrift shops, we never went out to eat anywhere, one car for my Dad to get to work, we ate mostly loaves of old bread that gets taken off the shelves. our shoes got new heels put on when they wore out. Most of all the kids I knew were skin and bone thin, overweight kids were a rarity. My parents would not accept welfare and felt the financial burden for raising us was their responsibility. Knowing that I would never have anything unless I worked very hard for it, I worked and saved and at age 20 I bought and paid for an acre of land and the following year built a home on it for my bride and myself with no help from anyone. Glad I never got anything for free, I might have become a slacker. Today I see so called poor people with all brand new clothes, sneakers, jewelry, cell phones, cars, getting their nails done, tatoos, buying booze, drugs, scratch tickets etc. and many, many of them are obese from all the junk food they eat. I dont feel sorry for them...they feel entitled because look at all the rich people. |
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The trick is wanting what you have, not having what you want. The jealousy and laziness and entitlement is astounding. |
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50 years ago minimum wage was $1.60 Trucks cost less? $2318 Medical care costs less? Less than $500 per capita Housing costs less? $26600 average Posted from my iPhone/Mobile device |
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The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people The richest 1 percent now owns more of the USA country’s wealth than at any time in the past 50 years... But theres no issues ... everyone else is lazy and entitled Sure they are It not that we hate rich people we dislike how they and their business model operate .. even with record profits they lock out workers over pay.. they game the system they strong arm cities and states to build stadiums promise employment at expense of the taxpayer close power plant and walk away leaving a blight for who else the Taxpayer to fit the bill... only the blind can't see rebirth of the business 1st mentality pushed by the right . At one time worker and owner had a symbiotic relationship that was beneficial for both .. Todays Business model the employer isn't thankful for their employees they expect their employees to be thankful to them for all they have, and they dare not bite the hand that feed them or complain about benefits NOT all companies FIT THIS PROFILE but more do than don't... but jealousy and laziness and entitlement is a simpleton's argument Just like just build a wall .. as is putting one heads in the sand saying everything is fine |
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No. But I think prices for most consumer goods are far cheaper, relative to average income. Corporations are leaner and more efficient, which means more stingy compensation for employees, but lower prices for consumers. Pete, if I opened a pizzeria in your town, and I paid my bus boys and cashiers $15 an hour with benefits, a large pie would cost $40. Would you eat there? No. People want low prices, and then complain when companies do what they have to do, to deliver low prices. You seem like you want low prices and generous employee compensation. I'd like to have a thick head of curly blond hair and washboard abs. But this is the real world, not a fantasy world. You can't have it both ways. Do you understand that prices are a function of costs? There are a million ways to be comfortably middle class, you just need to be thoughtful, and avoid stupid decisions. Helps to have good parents. Most goods cost less, relative to average income, not necessarily in absolute dollars. But not big items like housing and healthcare and college. "wow your towing the party line hard " Not even close. I said in another thread that we should increase capital gains and dividend tax rates. Pete, I disagree ALL THE TIME with conservatism. What are the biggest items, on which you disagree with liberals? Because I never see you do it. |
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A mentor of mine, older guy who I got advice from, once told me, "Bob, if you ever want to get ahead, 40 hours a week wont cut it" So I got two minimum wage jobs and doubled my take home pay. I was also very careful not to spend a penny on anything non essential. I started at minimum wage but moved up through the ranks by applying myself and committing to learn the carpentry trade. In my view forty hours a week isn't all that much. We sleep more hours away in a week than that. Hard work pays more than just a wage, it builds character and self reliance......is that wrong? |
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The middle class nowadays has more than they ever had. Phones,cars,trips. Who goes without? Television and video games....cable tv. For crying out loud we have people on this board with beautiful boats and plenty of money for gas.....all while working unskilled jobs. Am I right about this Wayne?
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they are aimed at the next generation AKA my children and theirs not based on some arrogant suggestion that people are lazy and entitled is the reason the middle class has shrunk.. its not that simple |
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what's the tipping point ? when do we pay attention to the trend ? will we pay attention when we become an oligarchy or Plutocracy? I am sure the British never thought British Empire would end these events are incremental and are happening some are visible and some are not but the trajectory doesn't look good ... like climate change if its not now. it's just a matter of when it's going to tip the scale |
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of course you are correct. i saw a shudybthat said that ifnpeople follow a few simple rules, ( get at least an associates degree, don’t have kids until you are married), you have like a 7% chance of being poor. middle class is a bit harder to achieve than it was, with the loss of manufacturing, but it’s still low hanging fruit. Posted from my iPhone/Mobile device |
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me we weren’t supposed to take the copper wiring out of the walls. and i need that ashtray i swiped, because they told me I can’t use young girls’ vaginas anymore.”. Posted from my iPhone/Mobile device |
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my tank and get the sunday paper. the whole family was always in there, kids either working or studying. both kids got free rides to college. they came here with nothing, and their daughter is a doctor. they worked like dogs, and saw education as a gift from god. he used to tell me, he couldn’t understand why liberals talk about what a crappy racist country this is. every town in the country has a family like that. i think he still works 6 days a week. Posted from my iPhone/Mobile device |
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You and a Jim seem to think Hillary was stuffing silverware down her pants suit. Posted from my iPhone/Mobile device |
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do all the right things and have bad luck. that’s not the rule. take a stroll through the projects of hartford, you won’t see a lot of two parent households doing homework together. that breeds poverty. it’s mostly avoidable. Posted from my iPhone/Mobile device |
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the vast majority of Americans have under $1,000 saved and half of all Americans have nothing at all put away for retirement. "Nearly half of families have no retirement account savings at all," the Economic Policy Institute (EPI) reported, even in savings vehicles such as IRAs and 401(k)s. in your mind and others its because of big screen Tvs (that cost under 200 bucks) and Smartphones again simple views of a much bigger issue |
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