ThatOwlWoman
Leftist Vermin
It's been a good one so far, but there's still time. lol Hope yours was good as well.
Why Is The Stock Market Doing So Well In A Bad Recession?
- Thread starter PoliTalker
- Start date
It's been a good one so far, but there's still time. lol Hope yours was good as well.
PoliTalker
Diversity Makes Greatness
Hello cawacko,
Business owners employing minimum wage workers keep those workers because their labor is essential to operating the business. If they could operate the business with fewer workers, they would have already reduced the size of their work force in order to increase their profits even more. Many business operators employing minimum wage workers are quite rich, and can afford to pay their workers more and still be profitable.
Business owners employing minimum wage workers keep those workers because their labor is essential to operating the business. If they could operate the business with fewer workers, they would have already reduced the size of their work force in order to increase their profits even more. Many business operators employing minimum wage workers are quite rich, and can afford to pay their workers more and still be profitable.
PoliTalker:
"Dive, market, DIVE!
Take DT down with you.
02-28-2020, 06:47 AM #5 | Top
PoliTalker
"Sometimes things have to get worse before they can get better.
We're going down.
BZZZZZT! BZZZZZT! BZZZZZT!
Dive! Dive! Dive!"
PoliTalker
Diversity Makes Greatness
Hello cawacko,
I do think it is worth it.
Another effect of raising the minimum wage would be fewer people requiring government assistance, more people able to earn their own way in this country.
Fewer people on government assistance is a good goal!
I do think it is worth it.
Another effect of raising the minimum wage would be fewer people requiring government assistance, more people able to earn their own way in this country.
Fewer people on government assistance is a good goal!
PoliTalker:
"Dive, market, DIVE!
Take DT down with you.
02-28-2020, 06:47 AM #5 | Top
PoliTalker
"Sometimes things have to get worse before they can get better.
We're going down.
BZZZZZT! BZZZZZT! BZZZZZT!
Dive! Dive! Dive!"
cawacko
Well-known member
Studies show increasing minimum wage will cost jobs for those workers. So simply saying increased minimum wage will make workers spend more money leaves out those who lost their jobs won't have money to spend. (nor the experience gained from working and all that provides but that's a separate discussion.)
Most business operators/owners aren't rich, let alone quite rich. In fact many are small business owners and mom and pops who are nowhere near rich. It's a fallacy that it's these greedy multi-millionaires and billionaires that aren't paying a higher minimum wage when small businesses employ the most minimum wage workers.
cawacko
Well-known member
You think those losing their jobs won't require government assistance?
PoliTalker
Diversity Makes Greatness
The Stock Market is doing well during a deadly pandemic because the pandemic is having a far more tragic effect on the powerless. The rich holders of capital will simply shift their investments into areas which are benefiting from the pandemic. For the greedy, people don't matter. Dollars do.
Capitalism has it's ugly side. Taking advantage of workers is commonplace.
Capitalism places all the power in the hands of the rich, the holders of capital, and none of the power in the hands of the workers.
That's why in a society based on equality, the government must regulate capitalists to rein in greed.
Otherwise we have situations that get out of hand and become dangerous to society.
Such as Airline Pilots who are paid so little they have to work second jobs, or even apply for food stamps:
Capitalism has it's ugly side. Taking advantage of workers is commonplace.
Capitalism places all the power in the hands of the rich, the holders of capital, and none of the power in the hands of the workers.
That's why in a society based on equality, the government must regulate capitalists to rein in greed.
Otherwise we have situations that get out of hand and become dangerous to society.
Such as Airline Pilots who are paid so little they have to work second jobs, or even apply for food stamps:
You are free to leave this country if you hate Capitalism, Snowflake.
Try Venezuela...Socialism...bring food and batteries.
It can work for the every man if they simply add to a fund and don't mess with it, same as mortgage payments eventually amount to an equity train.
But yes, the big money manipulates the shit out of it to make obscene profits. Much like a ponzi scheme played out every day. They know first, they trade fastest,
they win biggest. It's a scam.
moon
Satire for Sanity
What percentage of Americans are covered by your ' most ', you fraudulent establishment prick.
Easy to tell who the broke one is here. Probably tried day trading thinking he was going to get rich. And lost.
PoliTalker
Diversity Makes Greatness
Hello Micawber,
My 401K has a built in time delay between the time you issue an order and when it executes. It is impossible to 'time the market.' The very thing you want to be able to do, sell instantly in case of panic, you are not permitted to do. If you heard bad news that will surely affect your holdings, and tried to issue a sell order, it would not execute until after the damage had been done.
I have no doubt the big players get their orders executed instantly. The system is rigged against the small investor and in favor of the super-rich.
My 401K has a built in time delay between the time you issue an order and when it executes. It is impossible to 'time the market.' The very thing you want to be able to do, sell instantly in case of panic, you are not permitted to do. If you heard bad news that will surely affect your holdings, and tried to issue a sell order, it would not execute until after the damage had been done.
I have no doubt the big players get their orders executed instantly. The system is rigged against the small investor and in favor of the super-rich.
Another 1 million Americans filed for unemployment insurance benefits last week
New York (CNN Business) -- Another 1 million American workers filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday.
The report met economists' expectations, but it's still a disappointment: So far, we've only seen one week -- at the start of August -- with fewer than a million claims since March, when the pandemic started to take its toll on America's job market.
Continued jobless claims, which count people filing at least two weeks in a row, stood at 14.5 million.
These estimates do not include claims under the government's pandemic aid programs, which are in part designed to help those who cannot otherwise access regular unemployment benefits.
{snip}
Read more: https://www.cnn.com/2020/08/27/economy/unemployment-benefits-coronavirus/index.html
New York (CNN Business) -- Another 1 million American workers filed for first-time unemployment benefits last week on a seasonally adjusted basis, the Labor Department reported Thursday.
The report met economists' expectations, but it's still a disappointment: So far, we've only seen one week -- at the start of August -- with fewer than a million claims since March, when the pandemic started to take its toll on America's job market.
Continued jobless claims, which count people filing at least two weeks in a row, stood at 14.5 million.
These estimates do not include claims under the government's pandemic aid programs, which are in part designed to help those who cannot otherwise access regular unemployment benefits.
{snip}
Read more: https://www.cnn.com/2020/08/27/economy/unemployment-benefits-coronavirus/index.html
PoliTalker
Diversity Makes Greatness
Hello Bourbon,
I didn't hear Trump talk about that at the RNC.
The Republican Nonsense Conspiracy was all about how it's going to be all scary doom and gloom if we Elect Joe Biden The Next President Of The United States Of America.
I didn't hear Trump talk about that at the RNC.
The Republican Nonsense Conspiracy was all about how it's going to be all scary doom and gloom if we Elect Joe Biden The Next President Of The United States Of America.