Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21

[no_such_reality]

It may be a perfectly rational decision.

If you had any child care issues, etc. Even having children in school, frankly, a no brainer.

It’s a fundamental problem California has, too many, make too little.

The differences between legal work, under the table work and non-work are so marginal, that riding the system is rational.

[CAwireman]

Flu – same thing happened after last election in 2008.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj_ayFUP0riQ

Markets are fickle. Real concern is what we do from here.

We’re only down 266 on the DOW right now. In 2008, it was 486 down, for the day. That’s progress, isn’t it?

😉

[Coronita]

[quote=CAwireman]Flu – same thing happened after last election in 2008.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj_ayFUP0riQ

Markets are fickle. Real concern is what we do from here.

We’re only down 266 on the DOW right now. In 2008, it was 486 down, for the day. That’s progress, isn’t it?

;-)[/quote]

I think things are going great. Well, at least the way I want them too.
🙂

[Coronita]

[quote=no_such_reality]It may be a perfectly rational decision.

If you had any child care issues, etc. Even having children in school, frankly, a no brainer.

It’s a fundamental problem California has, too many, make too little.

The differences between legal work, under the table work and non-work are so marginal, that riding the system is rational.[/quote]

But that’s the issue… If the person was working before, how would that have been different if she had to work at a FT job and had child care issues, versus now that she is unemployed. At her previous job, she would still have the same challenges to juggle a schedule as you know other people who work do… Seems like two separate issues…

[no_such_reality]

[quote=flu]
But that’s the issue… If the person was working before, how would that have been different if she had to work at a FT job and had child care issues, versus now that she is unemployed. At her previous job, she would still have the same challenges to juggle a schedule as you know other people who work do… Seems like two separate issues…[/quote]

The issue remains.

The marginal benefit is reduced.

Working for $16/hr with that issue is different than working for $10/hr with that issue and is different than not working for $8/hr with that issue…

And some under the table income from Craigslist, Ebay, whatever and she’s ahead by staying ‘behind’. Even realized savings from the excess time if put to good use may make up the difference.

Or maybe the job is just a job of convenience and not necessity.

[Coronita]

[quote=no_such_reality][quote=flu]
But that’s the issue… If the person was working before, how would that have been different if she had to work at a FT job and had child care issues, versus now that she is unemployed. At her previous job, she would still have the same challenges to juggle a schedule as you know other people who work do… Seems like two separate issues…[/quote]

The issue remains.

The marginal benefit is reduced.

Working for $16/hr with that issue is different than working for $10/hr with that issue and is different than not working for $8/hr with that issue…

And some under the table income from Craigslist, Ebay, whatever and she’s ahead by staying ‘behind’. Even realized savings from the excess time if put to good use may make up the difference.

Or maybe the job is just a job of convenience and not necessity.[/quote]

Well then, I guess we’ll just have to give these jobs to people who want them…Such as undocumented workers… Oh wait, we can’t do that too…

[Coronita]

dup.

[The-Shoveler]

More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.

( I know I am alone in that one)

[no_such_reality]

[quote=flu]
Well then, I guess we’ll just have to give these jobs to people who want them…Such as undocumented workers… Oh wait, we can’t do that too…[/quote]

Or pay enough to make it worthwhile, or make the job worthwhile, i.e value-add.

If he can’t get the skills/loyalty he wants, then he needs to pay more.

and frankly, he should consider himself lucky for dodging the bullet as obviously his interviewing wasn’t good enough to figure out the fickle view work she had.

[no_such_reality]

[quote=The-Shoveler]More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.

( I know I am alone in that one)[/quote]

No you’re not. The living wage argument would do wonders to slow the sprawl of menial service jobs.

And frankly, we don’t need $1 Big Macs or a Starbux shlepping $4 ‘coffees’ on every corner.

[ucodegen]

[quote=The-Shoveler]More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.

( I know I am alone in that one)[/quote]Unintended consequences: Businesses go under, or lay off. Upward pressure on all wages.. and costs.

[The-Shoveler]

[quote=The-Shoveler][quote=AN][quote=The-Shoveler]Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.[/quote]

You’re right, I haven’t been to China or India. I was just stating the population fact. Are you saying they’re not going to grow and increase energy consumption? Please educate me, since you’ve been to China recently. Are they in a huge bubble and their economy will crash and burn?[/quote]
What I was saying is you are correct, in that our efforts at limiting climate change are ridiculously funny when you see the growth that is occurring in china that will simply just bury anything that we can accomplish in this regard.

Will their economy crash and burn, hard to say, I do know they know how to print and spend money and that their real inflation is probably close to 10-15%, retiree’s used to get about 3-400 yuan a few years ago now get 3-4000 yuan a month. And public infrastructure spending is through the roof !!

We know how to print money, we just don’t know how to increases wage inflation, if we did our housing bubble would not have crashed just like theirs is not crashing.

Will they be able to continue ? I have no Idea.[/quote]

I would also say, they seem to have a real hunger for foreign currency (you would think they have enough),
I honestly don’t think they keep tract of the currency they print and spend internally
They would love to buy all the raw materials they need using Yuan.

[The-Shoveler]

[quote=ucodegen][quote=The-Shoveler]More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.

( I know I am alone in that one)[/quote]Unintended consequences: Businesses go under, or lay off. Upward pressure on all wages.. and costs.[/quote]

I think this would just be making up for lost time/wages in this case.

[livinincali]

[quote=ucodegen][quote=The-Shoveler]More lower wage Jobs is not the answer,
And we need to kick minimum wage to 15 an hour IMO.

( I know I am alone in that one)[/quote]Unintended consequences: Businesses go under, or lay off. Upward pressure on all wages.. and costs.[/quote]

That’s the problem right. $15/hr sounds like a good plan until you realize that all the costs in the system will go up. What you could buy with $8/hr is the same amount of stuff you can buy with $15/hr once the system adjusts to it. It’s the amount of stuff your productivity buys in the system that’s important. People working a low skill service job where anybody can do it have a ton of competition and therefore will be compensated at a survival level no matter what the units of currency are.

It’s really the same argument is every should have a good pension (i.e. $40K/year). Sounds good again but resources are limited and the retirement class has to compete with all the other people in the retirement class for the left over goods and services produced by the productive segment of the population. If I’m in the productive class I’m going to provide for myself, my kids, my own parents, before I have anything available for a stranger not working.

[The-Shoveler]

Well I guess if you are doing the same Job for 10-20 years you should only get a raise every 10-15 years or so.

[Author]

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