The Economy - Page 2

melon · 11-07-2002, 06:58 AM

Quote:

Originally posted by STING2
There is no way you can compare the 1930s to 2000s.

Yes. We have more credit cards now.

Melon

Screaming Flower · 11-07-2002, 10:11 AM

Quote:

Originally posted by melon

Blue-chip stocks have plenty of standards of measurement to indicate the health of a company. Internet stocks never held a profit, nor did they have any standards to measure their actual worth.

Yes...they should have seen this coming a mile away.

Melon

melon despite the fact that i agree with you 90% of the time, sometimes your arrogance is nothing short of mind-boggling.

diamond · 11-07-2002, 10:28 AM

Quote:

Originally posted by melon

Right.

This "war on terror" could easily last 50 years. And I challenge you to say that first sentence if you were a member of the unemployed in America.

Melon

Buckle up, its going to be a long ride.

Furturmore, if I were broke/unemployed and not working I would rather live in a safe world..
Whats the point in having money if your world is not safe and secure?

Listen to Screaming F., your arrogance is a little much today Melon..

Peace
diamond

melon · 11-07-2002, 11:17 AM

I apologize if I have been arrogant. Please accept my sincerest apology.

Melon

DrTeeth · 11-07-2002, 11:55 AM

I don't think Melon was arrogant and haven't really seen the world get any safer since the start of this 'War on Terrorism'.

STING2 · 11-07-2002, 05:17 PM

Dr. Teeth,

So you think we were safer prior to 9/11 then we are today?

deep · 11-07-2002, 06:10 PM

Melon,

You have a right to your opinions. I don't find them arrogant.

Maybe others should apologize to you for name calling/ or labeling.

That said, here are some of my thoughts, make of them what you will.

Before 9-11 the US was perceived as safe. Perception is reality.

I think much of the US policy is contributing to making it less safe.

Taking Iraqi oil. Using drone planes to blow up supposed Talaban terrorists can lead to what we call acts of terror.

Dreadsox · 11-07-2002, 06:38 PM

Quote:

Originally posted by deep
Melon,

You have a right to your opinions. I don't find them arrogant.

Maybe others should apologize to you for name calling/ or labeling.

I agree Melon....when are we hooking up for a pint!!!!!
We may be on opposite sides, but I appreciate how much you make me think.

Peace (to ALL)

us3 · 11-07-2002, 07:21 PM

Melon is...

sardonic?
yes!

sarcastic?
sometimes!

thought provoking?
always!

arrogant?
no!

LarryMullen's POPAngel · 11-07-2002, 08:48 PM

Quote:

Originally posted by diamond

Buckle up, its going to be a long ride.

Furturmore, if I were broke/unemployed and not working I would rather live in a safe world..
Whats the point in having money if your world is not safe and secure?

Listen to Screaming F., your arrogance is a little much today Melon..

Peace
diamond

I'm one of those unemployed, one of many that I know. While I'm not married with children, or with any children at all, and living at home with a kickass mother who's helping me out, it has been very tight and shitty this year having no work.

I can only imagine those who have it much worse off than I, and while I'm sure that living in a safe world is a priority for them as well as it is for me, living on the street probably sounds a lot scarier to them at the moment than some terrorist incident that "may" occur at so and so date. Also, unless we're talking about the Stone Ages, when has this world EVER been safe?

Just my thoughts.

Screaming Flower · 11-07-2002, 08:52 PM

i apologized to melon earlier today via pm. i didn't realize i had to do it in public.

hiphop · 11-08-2002, 03:10 AM

Quote:

Originally posted by melon
I apologize if I have been arrogant. Please accept my sincerest apology.

Melon

If this is arrogance, who am I?

?

boywonder · 11-10-2002, 03:30 AM

I believe that the DOW has gone up almost 1000 points this last month. It doesn't seem like the US is doing as badly as some seem it.

unforgettableFOXfire · 11-10-2002, 09:44 PM

Any rescession that causes mcdonalds to close over 150 locations is fine by me. *spits on mcdonalds and other fast-food corporations*

boywonder · 11-11-2002, 12:44 AM

You can spit on McDonalds all you want, but leave the saliva off Carls Jr.

Mmmm...double western bacon cheeseburger...excuse me

Danospano · 11-11-2002, 01:02 AM

The amount most Americans earn is far from a living wage. I remember hearing during the Presidential Election that while the national minimum wage of $5.15 per/hour was nearly $9 less than the amount needed to support one's self, let alone a family with children.

While it might be true that the umemployment rate is lower than during the Great Depression, the spending power/per hour worked is barely above that value. Most new jobs pay between $5.15 and $8.50 an hour (estimate). With this many people working at a poverty wage, it's a surprise that it has take so long to see a drastic effect.

theSoulfulMofo · 11-11-2002, 01:23 AM

We need Q#!@%!#@$%!$!@#$

JOBS!!!

Decent paying hours, well-deserved benefits, etc. etc.

boywonder · 11-11-2002, 02:32 AM

Quote:

Originally posted by Danospano
The amount most Americans earn is far from a living wage. I remember hearing during the Presidential Election that while the national minimum wage of $5.15 per/hour was nearly $9 less than the amount needed to support one's self, let alone a family with children.

While it might be true that the umemployment rate is lower than during the Great Depression, the spending power/per hour worked is barely above that value. Most new jobs pay between $5.15 and $8.50 an hour (estimate). With this many people working at a poverty wage, it's a surprise that it has take so long to see a drastic effect.

Do you have any evidence that the average ADULT worker is making $5.15 to $8.50 an hour? You should include workers under 20 in factoring average salary because they rarely need to support themselves and are technically still considered dependents under their parents ( I believe you're still a dependent until the age of 23).

The average national income was around $42,228 in 2001, which is NOT below the poverty line. I don't see how $14.00 is the income necessary to support one's self as user Danospano stated. Doesn't that amount to roughly $2240 a month fulltime before taxes? That seems like more than enough to support one person, maybe not a family, but definitely one person. As a single person, factoring in rent, food, utilities, insurance, etc, it doesn't come to nearly $2K+ monthly. The point is that you can't say that "most" Americans earn less than a living wage, which is estimated by one pro-living wage activist group to be within the range of $6.50 to $7.50 with health benefits (a far cry from $14 an hour). You also have to consider that many minimum wage jobs can't afford to increase wages by $5-6 an hour for their employees and still maintain acceptable profits.

http://www.newparty.org/livwag/

STING2 · 11-11-2002, 12:44 PM

A person living in area of the USA with an average cost of living which would be below that of NYC and making 5.15 an hour working a 40 hour week, 50 weeks a year makes 10,300 dollars which is 2,000 dollars above the poverty level for one person. Anyone person making more than 8,000 dollars per year is above the poverty level.

About the 1930s and the Great Depression. Unemployment of 24% is devestating to the economy. In addition most people who did work only bought the main essentials for themselves. A lot people did not have cars or other things we take for granted today. Records, entertainment, video games, forget it. There were somethings but nothing in comparison to today.

After adjusting for inflation, the average person makes triple what the average person made back in the "rich roaring 1920s". Adjusting for inflation, the countries GDP is 3 times higher than it was 30 years ago! In addition were #6 in the world in standard of living. Current 5.7% unemployment is less than the average in Europe which is closer to 10%.

11-11-2002, 12:44 PM	#39
STING2 Rock n' Roll Doggie FOB Join Date: Oct 2001 Posts: 8,876 Local Time: 07:49 AM	A person living in area of the USA with an average cost of living which would be below that of NYC and making 5.15 an hour working a 40 hour week, 50 weeks a year makes 10,300 dollars which is 2,000 dollars above the poverty level for one person. Anyone person making more than 8,000 dollars per year is above the poverty level. About the 1930s and the Great Depression. Unemployment of 24% is devestating to the economy. In addition most people who did work only bought the main essentials for themselves. A lot people did not have cars or other things we take for granted today. Records, entertainment, video games, forget it. There were somethings but nothing in comparison to today. After adjusting for inflation, the average person makes triple what the average person made back in the "rich roaring 1920s". Adjusting for inflation, the countries GDP is 3 times higher than it was 30 years ago! In addition were #6 in the world in standard of living. Current 5.7% unemployment is less than the average in Europe which is closer to 10%. __________________

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11-07-2002, 11:17 AM	#24
melon ONE love, blood, life Join Date: Oct 2000 Location: Toronto, Ontario Posts: 11,782 Local Time: 03:49 AM	I apologize if I have been arrogant. Please accept my sincerest apology. Melon

11-07-2002, 11:55 AM	#25
DrTeeth Rock n' Roll Doggie Band-aid Join Date: Sep 2000 Location: The Q continuum Posts: 4,770 Local Time: 08:49 AM	I don't think Melon was arrogant and haven't really seen the world get any safer since the start of this 'War on Terrorism'.

11-07-2002, 05:17 PM	#26
STING2 Rock n' Roll Doggie FOB Join Date: Oct 2001 Posts: 8,876 Local Time: 07:49 AM	Dr. Teeth, So you think we were safer prior to 9/11 then we are today?

11-07-2002, 06:10 PM	#27
deep Blue Crack Addict Join Date: Apr 2002 Location: A far distance down. Posts: 28,600 Local Time: 11:49 PM	Melon, You have a right to your opinions. I don't find them arrogant. Maybe others should apologize to you for name calling/ or labeling. That said, here are some of my thoughts, make of them what you will. Before 9-11 the US was perceived as safe. Perception is reality. I think much of the US policy is contributing to making it less safe. Taking Iraqi oil. Using drone planes to blow up supposed Talaban terrorists can lead to what we call acts of terror.

11-07-2002, 07:21 PM	#29
us3 The Fly Join Date: Sep 2002 Posts: 165 Local Time: 11:49 PM	Melon is... sardonic? yes! sarcastic? sometimes! thought provoking? always! arrogant? no!

11-07-2002, 08:52 PM	#31
Screaming Flower ONE love, blood, life Join Date: Aug 2001 Posts: 11,961 Local Time: 02:49 AM	i apologized to melon earlier today via pm. i didn't realize i had to do it in public.

11-10-2002, 03:30 AM	#33
boywonder The Fly Join Date: Apr 2001 Posts: 36 Local Time: 07:49 AM	I believe that the DOW has gone up almost 1000 points this last month. It doesn't seem like the US is doing as badly as some seem it.

11-10-2002, 09:44 PM	#34
unforgettableFOXfire I serve MacPhisto Join Date: Sep 2001 Posts: 2,053 Local Time: 02:49 AM	Any rescession that causes mcdonalds to close over 150 locations is fine by me. spits on mcdonalds and other fast-food corporations

11-11-2002, 12:44 AM	#35
boywonder The Fly Join Date: Apr 2001 Posts: 36 Local Time: 07:49 AM	You can spit on McDonalds all you want, but leave the saliva off Carls Jr. Mmmm...double western bacon cheeseburger...excuse me

11-11-2002, 01:02 AM	#36
Danospano Refugee Join Date: Jun 2000 Location: Oklahoma Posts: 1,415 Local Time: 02:49 AM	The amount most Americans earn is far from a living wage. I remember hearing during the Presidential Election that while the national minimum wage of $5.15 per/hour was nearly $9 less than the amount needed to support one's self, let alone a family with children. While it might be true that the umemployment rate is lower than during the Great Depression, the spending power/per hour worked is barely above that value. Most new jobs pay between $5.15 and $8.50 an hour (estimate). With this many people working at a poverty wage, it's a surprise that it has take so long to see a drastic effect.

11-11-2002, 01:23 AM	#37
theSoulfulMofo Rock n' Roll Doggie Band-aid Join Date: Aug 2001 Posts: 4,490 Local Time: 12:49 AM	We need Q#!@%!#@$%!$!@#$ JOBS!!! Decent paying hours, well-deserved benefits, etc. etc.