Why Can't the Poor be Like Us?

[whell]

Originally Posted by nailer

Although DQ's article is not about the unemployment rate and the labor market.

Oh, but the "pulling yourself up by your bootstraps" comment clearly is. What a better time to start "pulling" when many employers are having trouble filling jobs of all types. From the posted CNBC article:

Andrew Hunter, U.S. economist at Capital Economics, said the ISM number alone is consistent with GDP growth of better than 4 percent, though he thinks the second quarter will be in the 3 percent to 3.5 percent range.

[nailer]

Originally Posted by whell

Oh, but the "pulling yourself up by your bootstraps" comment clearly is.

Indeed. Apparently you haven't read the article.

[whell]

Originally Posted by nailer

Indeed. Apparently you haven't read the article.

I've read it. I've also read many, many others like it. No real new ideas in it and its filled with the same class warfare exaggerations, half truths and outright lies that I've seen 100 times before (but sadly many here and elsewhere subscribe to).

[nailer]

Originally Posted by whell

I've read it. I've also read many, many others like it. No real new ideas in it and its filled with the same class warfare exaggerations, half truths and outright lies that I've seen 100 times before (but sadly many here and elsewhere subscribe to).

So you did read it, but didn't see the bootstraps connection. This makes sense given how often you reference an article that doesn't support your point.

[bobabode]

Originally Posted by whell

I've read it. I've also read many, many others like it. No real new ideas in it and its filled with the same class warfare exaggerations, half truths and outright lies that I've seen 100 times before (but sadly many here and elsewhere subscribe to).

Put in your earplugs, put on your eyeshades and you know where to put the cork... https://www.youtube.com/watch?v=ZqmC1T9rukk

[Rajoo]

Originally Posted by whell

I've read it. I've also read many, many others like it. No real new ideas in it and its filled with the same class warfare exaggerations, half truths and outright lies that I've seen 100 times before (but sadly many here and elsewhere subscribe to).

Poverty is like inertia, continues in its state unless changed by an external force. One can exaggerate the size of force needed but still requires an external force.

[whell]

Originally Posted by Rajoo

Poverty is like inertia, continues in its state unless changed by an external force. One can exaggerate the size of force needed but still requires an external force.

Yes, an external force like a declining unemployment rate. Or an increasing economic growth rate. Those two forces are present now.

[Rajoo]

Originally Posted by whell

Yes, an external force like a declining unemployment rate. Or an increasing economic growth rate. Those two forces are present now.

An expanding economy leads to declining unemployment rate, so they are not two forces. There are other factors to consider. How does one to get to a newfound job? How about childcare for a family that needs two incomes? Or lack of qualification or education? All these are contributing factors to perpetuating poverty (inertia). One can make a pile out of the proverbial bootstraps and burn them for the good they can do.

The SF Bay area is going through an economic boom but how does that help the poor? On the contrary, they are being driven out due to escalating rents. Then there is our own Catch-22. People are moving out in droves due to the high cost of living (mostly due to real estate) and finding qualified people is getting very difficult.

[whell]

Originally Posted by Rajoo

An expanding economy leads to declining unemployment rate, so they are not two forces. There are other factors to consider. How does one to get to a newfound job? How about childcare for a family that needs two incomes? Or lack of qualification or education? All these are contributing factors to perpetuating poverty (inertia). One can make a pile out of the proverbial bootstraps and burn them for the good they can do.

So you're saying that any reasonable person would just stand still and do nothing because they "lack qualification or education"? Well, in that case, I'm glad this particular mom doesn't approach life with your excuse -making as her guiding force:

https://www.usatoday.com/story/news/...elf/508296002/

Originally Posted by Rajoo

The SF Bay area is going through an economic boom but how does that help the poor? On the contrary, they are being driven out due to escalating rents. Then there is our own Catch-22. People are moving out in droves due to the high cost of living (mostly due to real estate) and finding qualified people is getting very difficult.

San Francisco's issues are primarily self-inflicted.

http://www.businessinsider.com/why-h...ancisco-2014-4

The city has a choice to make. Either it will be a picturesque tourist destination, or it will be a tech hub that will draw more folks to live there while also giving folks a place to live. The current regulatory environment supports the former. The citizens will need to decide if it wants to be the latter. Given the folks who are able to afford to move into the city, I suspect there will be resistance to changing the regulatory environment that helps keep the city picturesque.

[Chicks]

Originally Posted by whell

Yes, an external force like a declining unemployment rate. Or an increasing economic growth rate. Those two forces are present now.

...and for the past 92 months, something you seem loath to admit, for some reason. The current disgraceful administration is benefiting greatly from the Obama administration’s expert handling of the economy, guiding it back to health after Bush’s economic disaster.