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So, where's the recession?

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Y M Ionhere
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Joined: Wed Oct 27, 2010 9:31 pm
Location: Where the sun no longer shines

Re: So, where's the recession?

Post by Y M Ionhere » Mon Dec 09, 2019 7:43 pm

MWmetalhead wrote:
Mon Dec 09, 2019 7:08 pm
Buttigiegs proposal of a $15 minimum wage would NOT?
He cannot institute that by executive order. Most credible minimal wage proposals I've seen institute the increase over a multi-year period. I personally think the economy could absorb an increase like that without much harm. Granted, I'm not sure it would do a ton of good, either. Essential household items would be the things most likely to see inflationary price movement. And as I've mentioned in the past, employers can always reduce fringe benefits to offset economic impacts from government mandated wage increases.

Giving Sanders or Warren the reins of the regulatory agencies and giving them the keys to Fed Board of Governors appointments (and the Fed Chairman appointment) is what would give Wall Street chills.
And millions of uninformed voters will vote for him on that proposal alone, not knowing he scammed them.



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Bryce
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Re: So, where's the recession?

Post by Bryce » Mon Dec 09, 2019 9:06 pm

Ed Joseph wrote:
Mon Dec 09, 2019 2:14 am
For most of the working class, the recession of 2008 has never ended. The economy is bad still for the "common folk". Only the higher classes are doing well. However, since the working stiffs and especially the poor are nothing more than expendable wallets, it really doesn't matter anyways.
Ed, according to figures quoted in The Atlantic, wage growth for "low wage workers" is twice that of "high income workers".
According to analysis by Nick Bunker, an economist with the jobs site Indeed, wage growth is currently strongest for workers in low-wage industries, such as clothing stores, supermarkets, amusement parks, and casinos. And earnings are growing most slowly in higher-wage industries, such as medical labs, law firms, and broadcasting and telecom companies.
https://www.theatlantic.com/ideas/archi ... %3A00%3A03


New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.

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