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September 1, 2011 at 1:13 PM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #727451
CAwireman
ParticipantBG,
Agree agree – all cash for now and a long time to come.
Huck – you know that Bernanke link is a parody? Right?
The government either failed to realize, or didn’t care that keeping the financial market stable was vital to retirement plans for us middle class folks. Now that the rug has been pulled out from under any fund having plausible stability, who can afford to continue gambling, and to gamble with significantly less than they had??
I tend to disagree with the overall premise of the articles because its quite likely if not a certainty that the employed of retirement age, are lacking the funds to retire. So, the retirement explosion will be more of a damp thud, if anything.
If people began retiring as predicted, it would be a godsend for those currently unemployed but employable. Problem as I see it – workers retirement funds aren’t sufficient so they won’t retire, and the unemployed will continue to struggle to find jobs.
A properly funded retirement for those of retirement age, under current circumstances, would be a bigger positive than negative.
September 1, 2011 at 1:13 PM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #727538ParticipantBG,
Agree agree – all cash for now and a long time to come.
Huck – you know that Bernanke link is a parody? Right?
The government either failed to realize, or didn’t care that keeping the financial market stable was vital to retirement plans for us middle class folks. Now that the rug has been pulled out from under any fund having plausible stability, who can afford to continue gambling, and to gamble with significantly less than they had??
I tend to disagree with the overall premise of the articles because its quite likely if not a certainty that the employed of retirement age, are lacking the funds to retire. So, the retirement explosion will be more of a damp thud, if anything.
If people began retiring as predicted, it would be a godsend for those currently unemployed but employable. Problem as I see it – workers retirement funds aren’t sufficient so they won’t retire, and the unemployed will continue to struggle to find jobs.
A properly funded retirement for those of retirement age, under current circumstances, would be a bigger positive than negative.
September 1, 2011 at 1:13 PM in reply to: Shrinking Labor Force May Curb U.S. Expansion for Two Decades #728045ParticipantBG,
Agree agree – all cash for now and a long time to come.
Huck – you know that Bernanke link is a parody? Right?
The government either failed to realize, or didn’t care that keeping the financial market stable was vital to retirement plans for us middle class folks. Now that the rug has been pulled out from under any fund having plausible stability, who can afford to continue gambling, and to gamble with significantly less than they had??
I tend to disagree with the overall premise of the articles because its quite likely if not a certainty that the employed of retirement age, are lacking the funds to retire. So, the retirement explosion will be more of a damp thud, if anything.
If people began retiring as predicted, it would be a godsend for those currently unemployed but employable. Problem as I see it – workers retirement funds aren’t sufficient so they won’t retire, and the unemployed will continue to struggle to find jobs.
A properly funded retirement for those of retirement age, under current circumstances, would be a bigger positive than negative.
ParticipantThe big G is making a pretty bold move and a pretty bold statement. Hoping they give Apple a run for their money. Definitely need some competition right about now.
ParticipantThe big G is making a pretty bold move and a pretty bold statement. Hoping they give Apple a run for their money. Definitely need some competition right about now.
ParticipantThe big G is making a pretty bold move and a pretty bold statement. Hoping they give Apple a run for their money. Definitely need some competition right about now.
ParticipantThe big G is making a pretty bold move and a pretty bold statement. Hoping they give Apple a run for their money. Definitely need some competition right about now.
ParticipantThe big G is making a pretty bold move and a pretty bold statement. Hoping they give Apple a run for their money. Definitely need some competition right about now.
ParticipantUS Postal Service
If it goes through, bound to affect jobs in
southern CA… eventually.===========
http://www.wsws.org/articles/2011/aug2011/post-a13.shtml
By Barry Grey
13 August 2011
US Postal Service plans to cut 220,000 jobs
The United States Postal Service (USPS) has informed its employees that it plans to eliminate 220,000 jobs by 2015, slashing its current workforce by more than a third. It is also seeking to withdraw from the federal pension and health benefit systems and set up its own lower-cost programs.Two members of Congress who have promoted bills that would enable the Postal Service to cut costs at the workers’ expense, Congressman Darrell Issa (Republican from California) and Senator Thomas Carper (Democrat from Delaware), responded to the USPS call for Congress to rip up union contracts and eliminate the no-layoff clause.
ParticipantUS Postal Service
If it goes through, bound to affect jobs in
southern CA… eventually.===========
http://www.wsws.org/articles/2011/aug2011/post-a13.shtml
By Barry Grey
13 August 2011
US Postal Service plans to cut 220,000 jobs
The United States Postal Service (USPS) has informed its employees that it plans to eliminate 220,000 jobs by 2015, slashing its current workforce by more than a third. It is also seeking to withdraw from the federal pension and health benefit systems and set up its own lower-cost programs.Two members of Congress who have promoted bills that would enable the Postal Service to cut costs at the workers’ expense, Congressman Darrell Issa (Republican from California) and Senator Thomas Carper (Democrat from Delaware), responded to the USPS call for Congress to rip up union contracts and eliminate the no-layoff clause.
ParticipantUS Postal Service
If it goes through, bound to affect jobs in
southern CA… eventually.===========
http://www.wsws.org/articles/2011/aug2011/post-a13.shtml
By Barry Grey
13 August 2011
US Postal Service plans to cut 220,000 jobs
The United States Postal Service (USPS) has informed its employees that it plans to eliminate 220,000 jobs by 2015, slashing its current workforce by more than a third. It is also seeking to withdraw from the federal pension and health benefit systems and set up its own lower-cost programs.Two members of Congress who have promoted bills that would enable the Postal Service to cut costs at the workers’ expense, Congressman Darrell Issa (Republican from California) and Senator Thomas Carper (Democrat from Delaware), responded to the USPS call for Congress to rip up union contracts and eliminate the no-layoff clause.
ParticipantUS Postal Service
If it goes through, bound to affect jobs in
southern CA… eventually.===========
http://www.wsws.org/articles/2011/aug2011/post-a13.shtml
By Barry Grey
13 August 2011
US Postal Service plans to cut 220,000 jobs
The United States Postal Service (USPS) has informed its employees that it plans to eliminate 220,000 jobs by 2015, slashing its current workforce by more than a third. It is also seeking to withdraw from the federal pension and health benefit systems and set up its own lower-cost programs.Two members of Congress who have promoted bills that would enable the Postal Service to cut costs at the workers’ expense, Congressman Darrell Issa (Republican from California) and Senator Thomas Carper (Democrat from Delaware), responded to the USPS call for Congress to rip up union contracts and eliminate the no-layoff clause.
ParticipantUS Postal Service
If it goes through, bound to affect jobs in
southern CA… eventually.===========
http://www.wsws.org/articles/2011/aug2011/post-a13.shtml
By Barry Grey
13 August 2011
US Postal Service plans to cut 220,000 jobs
The United States Postal Service (USPS) has informed its employees that it plans to eliminate 220,000 jobs by 2015, slashing its current workforce by more than a third. It is also seeking to withdraw from the federal pension and health benefit systems and set up its own lower-cost programs.Two members of Congress who have promoted bills that would enable the Postal Service to cut costs at the workers’ expense, Congressman Darrell Issa (Republican from California) and Senator Thomas Carper (Democrat from Delaware), responded to the USPS call for Congress to rip up union contracts and eliminate the no-layoff clause.
ParticipantDon’t know if any of you were in LA during the last round of riots. I lived in Long Beach at the time.
I remember those days pretty clearly. A building across the street from my condo complex was burned down.
This thread sort of brought all that back.
That was similar in that it was a backlash against police violence.
From time to time the poor will rise up to be heard. But, opportunistically, the more well off will do so too.
After the LA riots (which spread throughout the US to some degree) there was widespread looting.
Interestingly enough, trucks were sent out into the neighborhoods and they were quickly filled up by those who regretted their actions and tossed the things they had stolen onto the trucks.Whatever is begun in anger, ends in shame. Ben Franklin.
Also, a good book to read on mass movements was written by Eric Hoffer. The True Believer. Check it out if you can find a copy (if you hadn’t read it long ago…). Some themes on mass movements and the like.
But, despite it all, I think I’m most in agreement with pri_dk. These things are newsworthy, but are rash actions, not well planned or thought out. With them cutting across socio-economic lines makes them difficult to pidgeon-hole.
Here’s to a largely riot-free future in the US…
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