Mainecat Posted July 30, 2018 Share Posted July 30, 2018 Almost 80% of US workers live from paycheck to paycheck. Here's why The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year. But the official rate hides more troubling realities: legions of college grads overqualified for their jobs, a growing number of contract workers with no job security, and an army of part-time workers desperate for full-time jobs. Almost 80% of Americans say they live from paycheck to paycheck, many not knowing how big their next one will be. Blanketing all of this are stagnant wages and vanishing job benefits. The typical American worker now earns around $44,500 a year, not much more than what the typical worker earned in 40 years ago, adjusted for inflation. Although the US economy continues to grow, most of the gains have been going to a relatively few top executives of large companies, financiers, and inventors and owners of digital devices. America doesn’t have a jobs crisis. It has a good jobs crisis. When Republicans delivered their $1.5tn tax cut last December they predicted a big wage boost for American workers. Forget it. Wages actually dropped in the second quarter of this year. https://www.theguardian.com/commentisfree/2018/jul/29/us-economy-workers-paycheck-robert-reich Quote Link to comment Share on other sites More sharing options...
Im4snow Posted July 30, 2018 Share Posted July 30, 2018 How are those Makita tools working for you? 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted July 30, 2018 Share Posted July 30, 2018 REPUBS taxes cut...............Just as I suspected. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted July 30, 2018 Author Share Posted July 30, 2018 80% is huge. How fragile is our economy? Holy fuck Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 30, 2018 Share Posted July 30, 2018 3 minutes ago, Mainecat said: 80% is huge. How fragile is our economy? Holy fuck How important are our cell phones, cable tv and beemers. I saved money when I didn’t make much. Priorities... 2 1 Quote Link to comment Share on other sites More sharing options...
Cold War Posted July 30, 2018 Share Posted July 30, 2018 Kind of funny. We were all talking about how much money we thought we were all going to have once our kids got of day care, then sports, then moved out. Weird........... that money is still not in our bank account. where did it go? Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 30, 2018 Share Posted July 30, 2018 5 minutes ago, Edmo said: How important are our cell phones, cable tv and beemers. I saved money when I didn’t make much. Priorities... It's a well documented fact that cell phones have caused 40 years of stagnant wages. When will people finally wake up????? Quote Link to comment Share on other sites More sharing options...
JEFF Posted July 30, 2018 Share Posted July 30, 2018 Add in everyone has to have the latest and greatest widgets of the century, and send their kids to a $40K per year college, And has to have a new $40k pickup in the driveway while sending their young kids to daycare at a cost of $30k per year while said kid is using a $1000 dollar iphone to call mommy crying about lil timmy just got the new $1400 dollar iphone. But mommy's not available because she's out shopping with tina and dropped her iphone in her glass of moscato toiling over the fact she can't pay her mortgage on her $750K house her mortgage company told her she could afford. Yeah..Wages are the problem. Not the complete lack of self control and the entitlement mentality. 3 1 1 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 30, 2018 Share Posted July 30, 2018 1 minute ago, motonoggin said: It's a well documented fact that cell phones have caused 40 years of stagnant wages. When will people finally wake up????? So when I feel like I’m making good dough and I look around and everybody I know has a nicer house, car, and clothes than I - what does that tell me? They’re trying to keep up with the Jones’s and living above their means. Quote Link to comment Share on other sites More sharing options...
motonoggin Posted July 30, 2018 Share Posted July 30, 2018 Just now, Edmo said: So when I feel like I’m making good dough and I look around and everybody I know has a nicer house, car, and clothes than I - what does that tell me? They’re trying to keep up with the Jones’s and living above their means. No, that you should get rid of your cell phone Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 30, 2018 Share Posted July 30, 2018 OK, who here thinks they are living paycheck to paycheck? Or is this just the not me but everyone else is mentality. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 25 minutes ago, Cold War said: REPUBS taxes cut...............Just as I suspected. Took a while to get there but, BOOM! lol...hack article for hacks. 23 minutes ago, Mainecat said: 80% is huge. How fragile is our economy? Holy fuck Kill yourself. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted July 30, 2018 Share Posted July 30, 2018 I just read an article that stated almost half the country could not afford a $500 emergency expense without borrowing. It also stated that 25% have nothing saved for retirement. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 FORCED TO LIVE PAYCHECK TO PAYCHECK OR STARVE TO DEATH!!!!!!!!!! FORCED!!!! STARVATION!!!!! Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 30, 2018 Share Posted July 30, 2018 6 minutes ago, ArcticCrusher said: OK, who here thinks they are living paycheck to paycheck? Or is this just the not me but everyone else is mentality. You just have to show up, and you should get a fat six figure salary. And if you don’t want to show up money will just fall out of the sky for you. Merica! Quote Link to comment Share on other sites More sharing options...
racer254 Posted July 30, 2018 Share Posted July 30, 2018 7 minutes ago, ArcticCrusher said: OK, who here thinks they are living paycheck to paycheck? Or is this just the not me but everyone else is mentality. I don't live paycheck to paycheck, but don't expect too many people to answer this question. I asked the same question about stagnant wages. Who here thinks that their wages have been stagnant? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 30, 2018 Share Posted July 30, 2018 4 minutes ago, racer254 said: I don't live paycheck to paycheck, but don't expect too many people to answer this question. I asked the same question about stagnant wages. Who here thinks that their wages have been stagnant? Well I wasn't actually expecting someone to raise their hand. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 6 minutes ago, Edmo said: You just have to show up, and you should get a fat six figure salary. And if you don’t want to show up money will just fall out of the sky for you. Merica! This sarcasm sounds suspiciously like it’s coming from the lazy, entitled mouth of a white male. Just sayin’ Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 30, 2018 Share Posted July 30, 2018 3 minutes ago, Zambroski said: This sarcasm sounds suspiciously like it’s coming from the lazy, entitled mouth of a white male. Just sayin’ I just chuckle when I hear people pushing this “living wage” nonsense. That's not the way I was taught. Nor is it my experience in the real world. You get out what you put in. Not a hard concept to understand. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 10 minutes ago, racer254 said: I don't live paycheck to paycheck, but don't expect too many people to answer this question. I asked the same question about stagnant wages. Who here thinks that their wages have been stagnant? “Stagnant wages”. Hand selected information for those gas lighting bullshit narratives. Pretty clear Americans are and have been living better than they have 40-50 years ago. Oh, I know...”BUT DA DEBT DEY IZ FORCED TO TAKE!!!! “ 4 minutes ago, ArcticCrusher said: Well I wasn't actually expecting someone to raise their hand. The “paycheck to paycheck” sad sacking anthem has been around for as long as I can remember. As if the majority doing so make good rational monetary decisions and are just victims of mean rich people. Laughable. Quote Link to comment Share on other sites More sharing options...
USA Contributing Member $poorsledder$ Posted July 30, 2018 USA Contributing Member Share Posted July 30, 2018 45 minutes ago, Mainecat said: 80% is huge. How fragile is our economy? Holy fuck If only we hall had a BIL that would take us under his wing and pay us more than we're worth.... Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 3 minutes ago, Edmo said: I just chuckle when I hear people pushing this “living wage” nonsense. That's not the way I was taught. Nor is it my experience in the real world. You get out what you put in. Not a hard concept to understand. FUCK U!!!! That PT job designed for high school kids to make some walking around money at McDonalds 40 years ago should have evolved into a position with bennifits able to support a family of four in an upscale neighborhood with a couple new cars in the garage every other year!!!!!! WITH A FAT PENSION!!!!!! CAPATALIZMZ!!! Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 30, 2018 Share Posted July 30, 2018 2 minutes ago, $poorsledder$ said: If only we hall had a BIL that would take us under his wing and pay us more than we're worth.... His BIL should have gone to the local animal shelter and got a dog instead. He’d have been much better off....and so would his business. Quote Link to comment Share on other sites More sharing options...
USA Contributing Member $poorsledder$ Posted July 30, 2018 USA Contributing Member Share Posted July 30, 2018 I'm single, own a house with a mortgage. I have some saved up but there are many months where the money that comes in goes right out. Have a kid in college that I'm paying a little over $700.00 a month in tuition so that where my extra income is going right now. Peanut butter and jelly sandwiches will get me through.... Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 30, 2018 Share Posted July 30, 2018 14 minutes ago, Zambroski said: “Stagnant wages”. Hand selected information for those gas lighting bullshit narratives. Pretty clear Americans are and have been living better than they have 40-50 years ago. Oh, I know...”BUT DA DEBT DEY IZ FORCED TO TAKE!!!! “ The “paycheck to paycheck” sad sacking anthem has been around for as long as I can remember. As if the majority doing so make good rational monetary decisions and are just victims of mean rich people. Laughable. Living paycheck to paycheck is the very definition of middle class. At least this expert seems to think so. Quote But before Trudeau and I could have that discussion, he had a new definition of the middle class. "For me, it’s people who live paycheque to paycheque," he said Quote Link to comment Share on other sites More sharing options...
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