thorin_bane
rabble-rouser-machine
Member: 7194
Joined: Jun 19 2004

Nevermind the fact that unemployment does nothing to represent true levels of employement. It is much worse than the past. The CBC had donna dasco on saying she doesn't understand why people are so down on the economy when unemplyment is only 7.8% unlike when we had 11 percent back in the 90's. Well dumb rich person, unlike the people you hang out with who see the stocks going back up as what means a good economy or not, we have to look at being under-employed.

If I go from a 20 something(you know the gardeners money) an hour job to a 10 dollar job, I am employed all right, but my standard of living will have been more than cut in half. But yes you are right I am employed. Or maybe I happen to be on workshare waiting for the other shoe to drop. Yep I'm employed but working 20 hours a week and struggling to make the bills. But hey the emploment numbers aren't that bad. Nevermind the fact that 60% can't qualify a ton of people have fallen off the EI ranks, homeless, moved etc. 

I know I keep harping on this, but an economist said in november that employers that were not doing poorly were using the downturn to do layoffs they had on the books because they now had a good excuse to do so, even if they didn't NEED to.

Again the selfish ME ONLY group relies on other companies(see government) to do the heavy lifting of sustaining an economy as long as they continue to rake in the profits without helping out themselves.  If I can reduce my workforce but people buy my service/product for the same price(or more, remember what the market will bare) that is all that matters. Well the tipping point is about to be reached were people can't afford it. This is why Henry Ford decided he needed people he employed to be able to afford the products they made, unlike today where it's a race to the bottom.

Belinda S talked about baking a bigger economic pie so we can all keep our share of the pie(meaning they won't give up the gluttonous portion they have). Well procuctivity and overall growing of the economy has happened. But here are the resault.

The original 10 kilo pie that had the 5% of people eating 5 Kg of the pie and the other 95% of us also having 5 kg of pie has expanded a lot say to a 20 kg pie, but 95% of us still have to eat from that same 5 kilos while the rich eat from their original 5 kg plus the additional 10 kilograms of the new bigger pie. So no matter how big the pie gets we still only get that 5 kg slice while they have the 45 kg of a 50kg pie. And their supporters will say that we should be grateful we get such a heavy slice to start with.


World Financial Crisis Redux By: DrConway (104 replies) March 1, 2009 - 12:21am
  • theorangeliberal wrote:Thank By: M. Spector (Mar 4 2009 - 4:06pm)
  • Speaking of God, how's that By: N.Beltov (Mar 4 2009 - 3:22pm)
  • Re: World Financial Crisis Redux By: theorangeliberal (Mar 4 2009 - 2:27pm)
  • Re: World Financial Crisis Redux By: thorin_bane (Mar 4 2009 - 2:15pm)
  • While it's useful to go over By: N.Beltov (Mar 4 2009 - 11:58am)
  • "The Great Recession of 2008 By: josh (Mar 4 2009 - 9:57am)
  • This is too much.Maybe the By: NorthReport (Mar 3 2009 - 11:32pm)
  • The horrifying health By: N.Beltov (Mar 3 2009 - 11:02pm)
  • Meet the Mortgage By: Doug (Mar 3 2009 - 10:55pm)
  • Re: World Financial Crisis Redux By: George Victor (Mar 3 2009 - 8:13pm)
  • Re: World Financial Crisis Redux By: Doug (Mar 3 2009 - 7:51pm)
  • Don't worry they tossed a 30 By: thorin_bane (Mar 3 2009 - 3:22pm)
  • Doug wrote: Good thing I'm By: KenS (Mar 3 2009 - 12:28pm)
  • Re: World Financial Crisis Redux By: josh (Mar 3 2009 - 11:52am)
  • The S & P 500 is below 700. By: NorthReport (Mar 3 2009 - 11:13am)
  • Economists forecast drop of By: NorthReport (Mar 3 2009 - 10:52am)
  • "The global financial crisis By: N.Beltov (Mar 3 2009 - 4:00am)
  • America's Fiscal By: Fidel (Mar 2 2009 - 8:55pm)
  • Great environmental news - By: Doug (Mar 2 2009 - 7:42pm)
  • I enjoyed this trader's face By: Doug (Mar 2 2009 - 5:31pm)
  • It's like Wall Street and By: Fidel (Mar 2 2009 - 4:12pm)
  • I admit to a minor amount of By: DrConway (Mar 2 2009 - 3:47pm)
  • George Victor wrote: At ll By: Doug (Mar 2 2009 - 3:45pm)
  • The useless CATO Institute By: NorthReport (Mar 2 2009 - 11:31am)
  •  At ll a.m., the TSX is By: George Victor (Mar 2 2009 - 11:04am)
  • Quote:The grand bargain By: DrConway (Mar 1 2009 - 7:01pm)
  • Quote:BRUSSELS (AFP) — By: Frustrated Mess (Mar 1 2009 - 6:12pm)
  • DrConway wrote: Land price By: Refuge (Mar 1 2009 - 6:04pm)
  • Bank of England set to pump By: DrConway (Mar 1 2009 - 6:00pm)
  • I never moved in those By: George Victor (Mar 1 2009 - 1:04pm)
  • Bank of England to begin By: DrConway (Mar 1 2009 - 11:10am)
  •  I agree Dr. Conway.  That By: ElizaQ (Mar 1 2009 - 8:29am)
  • NorthReport wrote:If you are By: DrConway (Mar 1 2009 - 3:32am)
  • Re: World Financial Crisis Redux By: M. Spector (Mar 1 2009 - 1:11am)
  • Update: http://www.independe By: DrConway (Mar 1 2009 - 12:37am)