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06-02-2018, 09:36 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by nailer
Although DQ's article is not about the unemployment rate and the labor market.
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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.
Last edited by whell; 06-02-2018 at 09:38 AM.
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06-02-2018, 04:54 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
Originally Posted by whell
Oh, but the "pulling yourself up by your bootstraps" comment clearly is.
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Indeed. Apparently you haven't read the article.
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"We have met the enemy and he is us."
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06-02-2018, 06:00 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by nailer
Indeed. Apparently you haven't read the article.
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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).
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06-02-2018, 06:24 PM
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Rational Anarchist
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Join Date: Jul 2014
Location: DFW
Posts: 7,315
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Quote:
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).
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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.
__________________
"We have met the enemy and he is us."
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06-02-2018, 06:25 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Quote:
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).
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Put in your earplugs, put on your eyeshades and you know where to put the cork... https://www.youtube.com/watch?v=ZqmC1T9rukk
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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06-02-2018, 07:55 PM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,213
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Quote:
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).
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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.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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06-03-2018, 09:20 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
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.
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Yes, an external force like a declining unemployment rate. Or an increasing economic growth rate. Those two forces are present now.
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06-03-2018, 09:56 AM
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Senior Member
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Join Date: Mar 2013
Location: Sierras
Posts: 14,213
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Quote:
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.
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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.
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
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06-04-2018, 07:55 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
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.
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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/
Quote:
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.
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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.
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06-03-2018, 10:27 AM
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Senior Member
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Join Date: Mar 2017
Posts: 13,366
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Quote:
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.
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...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.
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"In a time of deceit telling the truth is a revolutionary act." -
George Orwell
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