Bar Graphs on middle-class jobs (and above) 2011.

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10 Apr 2012, 9:36 pm

[youtube]http://www.youtube.com/watch?v=nCf4ehYXHNk[/youtube]

(They have the "Embedding disabled." But you can click, and then click the "Watch on YouTube.")

Sept. 7, 2011 from CNN Money

(crapola 15 second commercial) And if it's 'investment,' it's anything but middle-class!

and also on their website

http://money.cnn.com/video/news/2011/09 ... .cnnmoney/
(30 second crapola commercial)

===============

One, I just like the fact that they use bar graphs. I think that's a good snapshot way to understand jobs in society at any one point in time.

And then, I like the fact they focus on middle class jobs. And also jobs which pay more. For yes, I am in favor of good jobs.

And even the lower paid jobs. In fact, right now I'm very open to one of those, pre- cranking up my tutoring business and maybe even during and after I get it running.

GoonSquad
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11 Apr 2012, 2:45 am

Yeah, its like I posted in another thread...

GoonSquad wrote:

I live in the shadow of the FOUNTAINHEAD of GLOBAL ECONOMICS, Wal-Mart World Headquarters....

Locally, we have 6% unemployment and an 18% poverty rate. Trickle-down economics sucks.

Welcome to the third-worlding of America. :roll:

There are help wanted signs up, all over the place around here. The catch is, they're all service jobs, none of those jobs pay more than $8-9/hr and none of those jobs provide benefits.

"Free trade" (and dismantling industry) is destroying America. The sad thing is nobody on the right and very few on the left seem to give a damn.

Right now I'm taking a class taught by a former Clinton Administration guy, we're studying political economy, and the guy is a committed free trader-- totally blind to the corrosive effect it has on society.

As a matter of fact, I mined that data in my quote for use in a paper I wrote for his class... I haven't gotten the paper back yet, but I'm sure it will a lengthy rebuttal attached. :roll:

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Sweetleaf
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11 Apr 2012, 11:31 am

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

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ruveyn
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11 Apr 2012, 11:32 am

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It is Good to be Rich.

ruveyn

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11 Apr 2012, 11:38 am

ruveyn wrote:

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It is Good to be Rich.

ruveyn

And for the rich to keep the wealth in the family apparently and refuse to contribute to society while complaining about how lazy people who require the use of the safety net are.

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Alexender
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11 Apr 2012, 11:40 am

As my aunt said about 5 years ago "200k salary just isn't that much anymore"

Some people just live in their own palaces

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GoonSquad
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11 Apr 2012, 11:43 am

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It doesn't suck to be middle class. Being middle class is GREAT. The problem is, its getting harder and harder to BE middle class.

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Sweetleaf
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11 Apr 2012, 11:54 am

GoonSquad wrote:

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It doesn't suck to be middle class. Being middle class is GREAT. The problem is, its getting harder and harder to BE middle class.

well I wouldn't know as I've never been there, Im just saying they think they have it bad? well compared to those below middle class not really, but i can see why they don't want to fall below middle class, because it sucks down here in the low class...hmm you would think this would be more motivation for them to want to do something about this screwed up system.

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snapcap
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11 Apr 2012, 12:52 pm

Alexender wrote:

As my aunt said about 5 years ago "200k salary just isn't that much anymore"

Some people just live in their own palaces

Mega Millions winners are rich, but not THAT rich

:evil:

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11 Apr 2012, 2:24 pm

Now, I'm on the liberal-left side of the political spectrum, just to put my cards on the table.

But let me ask people more on the conservative side, do I understand correctively, is there something called 'mainstreet conservativism' which is skeptical of both big government and big corporations?

ruveyn
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12 Apr 2012, 7:22 pm

Sweetleaf wrote:

ruveyn wrote:

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It is Good to be Rich.

ruveyn

And for the rich to keep the wealth in the family apparently and refuse to contribute to society while complaining about how lazy people who require the use of the safety net are.

Some of the rich started out poor, you know. It isn't all about inherited wealth.

Stephen Jobs and Bill Gates did not start out rich. Thomas Edison was a real honest to goodness poor boy.

It might be well if the well off were a bit more humane, but it would be even better if our government did not turn a large part of our population into chronic dependents.

ruveyn

ruveyn

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14 Apr 2012, 5:53 am

ruveyn wrote:

Sweetleaf wrote:

ruveyn wrote:

Sweetleaf wrote:

Hmm if it sucks to be middle class, I guess it really sucks to be below that.

It is Good to be Rich.

ruveyn

And for the rich to keep the wealth in the family apparently and refuse to contribute to society while complaining about how lazy people who require the use of the safety net are.

Some of the rich started out poor, you know. It isn't all about inherited wealth.

I know that, which is why I've said in a number of posts this doesn't apply to 'all' rich people....just the ones it applies to that happen to have a lot of influence on the government and all that.

Stephen Jobs and Bill Gates did not start out rich. Thomas Edison was a real honest to goodness poor boy.

Yeah I am already aware of that, but not everyone is Bill Gates or Thomas Edison are they.

It might be well if the well off were a bit more humane, but it would be even better if our government did not turn a large part of our population into chronic dependents.

ruveyn

ruveyn

Well at least you acknowledge the government is part of the problem...though I don't think having a safety net is the same thing as turning a large part of the population into chronic dependents.

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johansen
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16 Apr 2012, 8:16 pm

free trade didn't create globalization folks. parasitic bankers did.

real short version:
you loan the bank your money and they pay you 1% interest, while loaning out 10 times that much money at 3% interest.
the 2% difference means they own the entire country in just 100 years or so..

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30 Apr 2012, 2:29 pm

Here is a different item on the same topic, a column from Reuters, which I think makes a couple of good points.

Quote:

COLUMN-The rise of "lovely" and "lousy" jobs, Reuters, Chrystia Freeland, April 12, 2012.
http://www.reuters.com/article/2012/04/ ... ZZ20120412

‘ . . . That shift is what economists, most notably David Autor of the Massachusetts Institute of Technology, have called the "polarization" of the job market. Maarten Goos and Alan Manning, extending the research to Britain, have more colorfully dubbed it the dual rise of '"lousy and lovely" jobs.

‘Their point is that, thanks to technology, more and more "routine" tasks can be done by machines. The most familiar example is the increasing automation of manufacturing. But machines can now do "routine" white-collar jobs, too - things like the work that used to be performed by travel agents and much of the legal "discovery" that was done by relatively well-paid associates with expensive law degrees.

‘The jobs that are left are the "lovely" ones, at the top of the income distribution - white-collar jobs that cannot be done by machines, like designing computer software or structuring complex financial transactions. A lot of "lousy" jobs are not affected by the technology revolution, either - nonroutine, manual tasks like collecting the garbage or peeling and chopping onions in a restaurant kitchen.

‘An extensive body of economic research has shown that job polarization is happening throughout the Western developed world. It accounts for many of the social and political strains we have experienced over the past three decades, particularly the increasing divide between the people at the top and at the bottom of the economic heap, and the disappearance of those in the middle who were once both the compass and the backbone of our societies.

‘What's new about Jaimovich and Siu's work is that they have found that job polarization isn't a slow, evolutionary process. Instead, it happens in short, sharp bursts. . . '
.
.
.

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30 Apr 2012, 3:03 pm

Here’s the youtube video from the original post:
http://www.youtube.com/watch?v=nCf4ehYXHNk
(20 second commercial)

And here’s the same video on CNN Money:
http://money.cnn.com/video/news/2011/09 ... .cnnmoney/
(30 second commercial)

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01 May 2012, 9:37 am

Alexender wrote:

As my aunt said about 5 years ago "200k salary just isn't that much anymore"

I would take it and be very comfortable. I would make sure I did not go into deep debt.

Even 50K is comfortable if you do not owe the World.

ruveyn

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Bar Graphs on middle-class jobs (and above) 2011.