Resignations

[bobabode]

Originally Posted by piece-itpete

I get a bit loud when drinking But I suspect you're confusing me for someone else Heck Cleveland was fantastically wealthy. Dad says they passed a tax, they called it the 'Rockefeller tax', and all the rich people moved out. Since then it's been a workers' paradise.

Pete

Green flight to the 'burbs?

Pete's a libby? LMAO! Don't you hate that? I once was called out as conservative. It's like visiting someones house that you really don't want to visit an' their little dog starts humping your leg. You know it ain't polite to give the cur a swift kick in the ass but you do it anyways.

[Zeke]

I assure you, the job market is still relatively weak.

[piece-itpete]

The private sector's doing fine Zeke. At least that's what Obama says in attack ads running on 24/7 loop here

Bob, they didn't just move to the burbs, the Rockefellers and Co moved out completely (even though the eastern suburbs did very well for many more years). Makes this old liberal really sad. Excuse me, I have to hug a tree or maybe an illegal immigrant till I feel better

Pete

[merrylander]

I still see people reporting on the National Business Reeport that profits are up so the private sector is doiing allright. That they are screwing workers is another story.

[Wasillaguy]

Workers are part of the private sector, right?

[Boreas]

Originally Posted by Wasillaguy

Workers are part of the private sector, right?

Some workers are in the public sector.

Some workers are in the private sector.

Some workers are in the unemployed sector.

That's because the businesses in the private sector are giving their jobs to people in low wage countries.

John

[BlueStreak]

Originally Posted by Boreas

Some workers are in the public sector.

Some workers are in the private sector.

Some workers are in the unemployed sector.

That's because the businesses in the private sector are giving their jobs to people in low wage countries.

John

Well, if they were cheaper and more compliant that those slave-driven Chinese, they would still have their jobs.......................................

[Oerets]

There are plenty of low paying jobs in the Louisville area right now. In the 8-9 and hour range going unfilled. Most of the young people I know are having a time making a way on the salary dished out by employers.

But then a new Amazon hub set to open in November is having trouble filling the seasonal part time jobs with no benefits. Even though one can make up to $16 an hour. Guess people just want permanent employment with benefits.

When in Cincinnati over the weekend more then a few I talked to were worried about their jobs or had already lost one. One works at Proctor and Gamble one of the largest employers in the area. He stated they were in the middle of deep cuts and everyone was worried.

Another was hanging on to his house since loosing a job and taking a lower paying one, but now his wife just lost her job. Still tough for the middle class it would seem.




Barney

[ebacon]

The middle class is over a barrel. Their ability to retire is tied to 401k which is tied to corporations making ever more money. It's a vicious downward spiral.

IMO we need to get savings back into the economic equation and cut the cord to the stock market.

The stock market should be like it was pre-401k and pre-banking deregulation. The stock market should go back to being a place for high risk investors to do their dabbling. The theory that it somehow provides information and distributes risk has been proven wrong.

[JJIII]

Originally Posted by ebacon

The middle class is over a barrel. Their ability to retire is tied to 401k which is tied to corporations making ever more money. It's a vicious downward spiral.

IMO we need to get savings back into the economic equation and cut the cord to the stock market.

The stock market should be like it was pre-401k and pre-banking deregulation. The stock market should go back to being a place for high risk investors to do their dabbling. The theory that it somehow provides information and distributes risk has been proven wrong.

With interest rates like this (http://www.gobankingrates.com/saving...interest-rate/) who is interested in a savings account?