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EconProf
ParticipantHmmm…I wonder how much interest the developer earned over the years from these hundreds of deposits?
ParticipantHmmm…I wonder how much interest the developer earned over the years from these hundreds of deposits?
ParticipantHmmm…I wonder how much interest the developer earned over the years from these hundreds of deposits?
ParticipantWage deflation is only just beginning in this economy, so you have to ask yourself some tough questions. What are your alternatives, as far as other employers, bargaining power with this employer, your competition via his hiring others, whether you can make the new setup temporary, etc.
Unemployment and employment changes lag the real economy, and wage trends up and down lag even more. So expect a lot more wage deflation to unfold. Beleagured employers can now dictate terms in this new environment, and employees will simply be happy to have a job. Of course, the wage deflation is primarily in the private sector which responds more to supply and demand–government workers have far “stickier” wages.
If it is any consolation, countless things now cost less. Our official inflation rate of approximately -.5% greatly understates the deflation now occurring.ParticipantWage deflation is only just beginning in this economy, so you have to ask yourself some tough questions. What are your alternatives, as far as other employers, bargaining power with this employer, your competition via his hiring others, whether you can make the new setup temporary, etc.
Unemployment and employment changes lag the real economy, and wage trends up and down lag even more. So expect a lot more wage deflation to unfold. Beleagured employers can now dictate terms in this new environment, and employees will simply be happy to have a job. Of course, the wage deflation is primarily in the private sector which responds more to supply and demand–government workers have far “stickier” wages.
If it is any consolation, countless things now cost less. Our official inflation rate of approximately -.5% greatly understates the deflation now occurring.ParticipantWage deflation is only just beginning in this economy, so you have to ask yourself some tough questions. What are your alternatives, as far as other employers, bargaining power with this employer, your competition via his hiring others, whether you can make the new setup temporary, etc.
Unemployment and employment changes lag the real economy, and wage trends up and down lag even more. So expect a lot more wage deflation to unfold. Beleagured employers can now dictate terms in this new environment, and employees will simply be happy to have a job. Of course, the wage deflation is primarily in the private sector which responds more to supply and demand–government workers have far “stickier” wages.
If it is any consolation, countless things now cost less. Our official inflation rate of approximately -.5% greatly understates the deflation now occurring.ParticipantWage deflation is only just beginning in this economy, so you have to ask yourself some tough questions. What are your alternatives, as far as other employers, bargaining power with this employer, your competition via his hiring others, whether you can make the new setup temporary, etc.
Unemployment and employment changes lag the real economy, and wage trends up and down lag even more. So expect a lot more wage deflation to unfold. Beleagured employers can now dictate terms in this new environment, and employees will simply be happy to have a job. Of course, the wage deflation is primarily in the private sector which responds more to supply and demand–government workers have far “stickier” wages.
If it is any consolation, countless things now cost less. Our official inflation rate of approximately -.5% greatly understates the deflation now occurring.ParticipantWage deflation is only just beginning in this economy, so you have to ask yourself some tough questions. What are your alternatives, as far as other employers, bargaining power with this employer, your competition via his hiring others, whether you can make the new setup temporary, etc.
Unemployment and employment changes lag the real economy, and wage trends up and down lag even more. So expect a lot more wage deflation to unfold. Beleagured employers can now dictate terms in this new environment, and employees will simply be happy to have a job. Of course, the wage deflation is primarily in the private sector which responds more to supply and demand–government workers have far “stickier” wages.
If it is any consolation, countless things now cost less. Our official inflation rate of approximately -.5% greatly understates the deflation now occurring.ParticipantMy biggest worry is the “entitlement mentality” that has come to dominate people’s thinking and decision-making. When faced with adversity, we now too often blame scapegoats or seek outside help instead of take measures to control our own financial destiny.
This attitude is most common among beneficiaries of government aid, but is remarkably frequent among middle income people. How many media pictures have we seen of long-term, well-paid job holders suddenly set adrift who instantly have a negative net worth. While working they saved nothing, maxed out their credit cards, and never prepared for a rainy day. Long ago people automatically kept a cushion for emergencies, many people budgeted, and credit cards were only issued by a few department stores. It seems we’ve bought into the advertisers’ instant gratification line, and are unable to visualize and plan for our financial future.ParticipantMy biggest worry is the “entitlement mentality” that has come to dominate people’s thinking and decision-making. When faced with adversity, we now too often blame scapegoats or seek outside help instead of take measures to control our own financial destiny.
This attitude is most common among beneficiaries of government aid, but is remarkably frequent among middle income people. How many media pictures have we seen of long-term, well-paid job holders suddenly set adrift who instantly have a negative net worth. While working they saved nothing, maxed out their credit cards, and never prepared for a rainy day. Long ago people automatically kept a cushion for emergencies, many people budgeted, and credit cards were only issued by a few department stores. It seems we’ve bought into the advertisers’ instant gratification line, and are unable to visualize and plan for our financial future.ParticipantMy biggest worry is the “entitlement mentality” that has come to dominate people’s thinking and decision-making. When faced with adversity, we now too often blame scapegoats or seek outside help instead of take measures to control our own financial destiny.
This attitude is most common among beneficiaries of government aid, but is remarkably frequent among middle income people. How many media pictures have we seen of long-term, well-paid job holders suddenly set adrift who instantly have a negative net worth. While working they saved nothing, maxed out their credit cards, and never prepared for a rainy day. Long ago people automatically kept a cushion for emergencies, many people budgeted, and credit cards were only issued by a few department stores. It seems we’ve bought into the advertisers’ instant gratification line, and are unable to visualize and plan for our financial future.ParticipantMy biggest worry is the “entitlement mentality” that has come to dominate people’s thinking and decision-making. When faced with adversity, we now too often blame scapegoats or seek outside help instead of take measures to control our own financial destiny.
This attitude is most common among beneficiaries of government aid, but is remarkably frequent among middle income people. How many media pictures have we seen of long-term, well-paid job holders suddenly set adrift who instantly have a negative net worth. While working they saved nothing, maxed out their credit cards, and never prepared for a rainy day. Long ago people automatically kept a cushion for emergencies, many people budgeted, and credit cards were only issued by a few department stores. It seems we’ve bought into the advertisers’ instant gratification line, and are unable to visualize and plan for our financial future.ParticipantMy biggest worry is the “entitlement mentality” that has come to dominate people’s thinking and decision-making. When faced with adversity, we now too often blame scapegoats or seek outside help instead of take measures to control our own financial destiny.
This attitude is most common among beneficiaries of government aid, but is remarkably frequent among middle income people. How many media pictures have we seen of long-term, well-paid job holders suddenly set adrift who instantly have a negative net worth. While working they saved nothing, maxed out their credit cards, and never prepared for a rainy day. Long ago people automatically kept a cushion for emergencies, many people budgeted, and credit cards were only issued by a few department stores. It seems we’ve bought into the advertisers’ instant gratification line, and are unable to visualize and plan for our financial future.ParticipantBubba: You are correct that money supply growth has been stimulated by the Fed. But velocity–the speed with which it changes hands–has fallen, offsetting the inflationary effect money growth should have.
With companies and individuals deleveraging and banks reluctant to lend, deflation still reigns. -
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