The min. wage plus welfare hikes have created our "new normal".
A haiku:
Dullards are replaced
No more hostility with
“You want fries with that?”
A haiku:
Say bye to rudeness
And as a bonus robots
Won’t spit in your food
Hiya guys! Stocks seemed mixed in mixed trade but technically NASDAQ was down in rising volume and the S&P nudged up in lower trade. Bottom line is we're going nowhere and this morning's futures traders concur. Metals trade kind of follows suit, with prices drifting back up in the ranges we've had for months now and futures seeing a drop back of -0.81%. This morning: MBA Mortgage Index, JOLTS - Job Openings, and Crude Inventories.
News someone needs to post on the FR:
Grow Econ, Grow Sm Business - Blankfein, Bloomberg, & Buffett, USA Today
Want to Bring Back Growth? Kill Off Dodd-Frank - Editorial, Investor's
Manufacturers to Congress: Go for Growth - J. Timmons & G. Sherrill,RCM
Gains From Trade Are Way Too Great to Ignore - Matt Rosenberg, Lens
Talking the Future, Trump and Clinton Stuck in Past - Howard Gold, MW
Sanders' State Wants to Unlearn Lesson of Compeition - Alex Brill, RCM
Socialism Triggers a Downward Spiral - Richard Rahn, Washington Times
France Shuns Europe As Brexit Revolt Spreads - A E-Pritchard, Telegraph
Yuan As a Reserve Currency: Boon or Bane for USD? - Charles Wolf, TWS
I was out choppin' cotton and my brother was bailin' hay...
Oh, wait, "Technology" put us out of our jobs and onto Welfare!
My eye starts twitching when I read the phrase “living wage.” See, there it goes again!
Centuries ago, life meant more than having money. Life meant drawing breath, walking out of your home to sow fields or walk to the creek for water. It didn’t mean being able to pay off your over-extended credit card or being able to lease a Mercedes.
We need to own this narrative. The left talks about a “living wage” (stupid twitch), but we need to talk about living dignity. The left wants people to have a “living wage” (getting tired of this twitch), but they really want wage slaves. They want people spending money on shit they don’t need.
Teach people to get off their dead asses and go build something, go plant something, go make something. Teach people the value and dignity of a hard day’s work. Flipping burgers and dealing with pissed off customers at McDonalds is not hard work. It might be mentally taxing, but it’s not swinging an axe or hanging drywall. It’s not measuring lumber to build a new home. It’s not dignified work. It’s meant to teach people that shit jobs are not intended to sustain a family or a lavish lifestyle.
If robots got rid of Lawyers, Bankers, Journalists, AND Politicians I might add, problem solved..heh heh
The pharaohs had it right. Folks without meaningful work to accomplish should be building pyramids or whatever.
Hell, I’m waiting for the Lawncare and Home Gardening/farming Robots.
Mow the lawn, tend the garden, grow a decent chunk of your own food. . . .
Add to that, home manufacturing tech (3d printing is just the start. . . ), and a LOT of “drudge” jobs go away. . .
Or the "smart" people ain't as smart as they thought they were.
It's the so-called smart people that want to centrally control everything that could be a major contributor to the economic and societal dislocations.
Perhaps we should do a study on that and establish a "blue-ribbon" committee.
“What if smart-learning machines took out lawyers and bankers? Or even, God forbid, journalists”
Oh don’t kid yourself. It will not take much machine smarts to replace journalists.