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The economy may be booming, but nearly half of Americans can't make ends meet
Los Angeles Times ^ | 09/01/2018 | David Lazarus

Posted on 09/02/2018 9:33:46 AM PDT by SeekAndFind

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To: Oldexpat
#3: "Must have big screen tv, cable ESPN and iPhone first. Then mortgage and car payment on bmw. Spend first save later."

They buy a lot of "stuff".

The Wilkins Micawber Principle:

"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness.

Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery."


 
61 posted on 09/02/2018 1:18:44 PM PDT by Governor Dinwiddie ("Nature, Mr. Allnut, is what we are put in this world to rise above.")
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To: mountn man

most anyone in rural MO, min wage is currently $7.85 and while McD may pay $9-10/hr out here, it’s full of teens for the most part and there’s only so many fast food places.

Convenient stores and all the old folks homes around here start at min wage. Raises are scant, maybe 10 cents a year.

All the above is part time only, no benefits.

Sawmill pays $9-10 if you can handle the work. Gotta be a young strong guy for that.

There’s a battery plant somewhere around here. Starts at $8 and you have to get regular blood lead levels checked. Anyone who’s lead levels gets too high, which is everyone that works there, gets shuffled into an office job until the lead levels come down.

Royal Oak has a place out here. Don’t know much about it though. The factory type places out here aren’t big on safety like they are in more populous places because if you don’t like it, there’s the door. We can have a replacement for you in the morning.

A bit further away, 100 miles, in Lebanon, MO is a few boat and trailer shops. Welders and painters start at $8/9.00 and from what I’ve heard, they’re quite the sweat shops and have high turnover due to the work conditions. I worked at a wholesale electric sign shop there for a little while as a spray painter. They started me out at $12/hr but only because I had 25 years experience and could have done any job in the place. The head painter was still making $9.60/hr after being there for 10 years. Obviously, I didn’t tell him how much I was making.

With all of the above, raises are scant.

The average blue collar job out here starts at $8/hr and you better be related to someone because sons, brothers, nephews, cousins are all lined up for these jobs.

In my second job in 1985, I was making the same. That was 32 years ago and I think I started out at $6.50/hr but it was a decent place and I had a knack for things so I got a few 50 cent raises pretty quick. That was in FL where things are always booming.

Entry level mig welder, someone who’s run a few beads, can read a tape measure, not certified.
$8-9/hr to start here and probably $10-12/hr in FL where I worked for 25 years.

In the past 20 years, blue collar jobs have gone up maybe 20% in pay.

Meanwhile management, sales and tech wages have tripled/quadrupled as has the cost of everything.


62 posted on 09/02/2018 1:42:18 PM PDT by Pollard (If you don't understand what I typed, you haven't read the classics.)
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To: SeekAndFind

More fake news from the trash minded Anti-Trump drive by Media...


63 posted on 09/02/2018 2:04:22 PM PDT by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
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To: SeekAndFind

Hey 37% (not ‘nearly half’): try the Econ 101 solution: Increase income or reduce consumption. Or BOTH!


64 posted on 09/02/2018 2:36:13 PM PDT by Oscar in Batangas (12:01 PM 1/20/2017...The end of an error.)
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To: SeekAndFind
"...nearly half of Americans can't make ends meet..."

Well...Hard to believe that nearly 50% of Americans are homosexuals...Unless you are into TV sitcoms and other programming...

65 posted on 09/02/2018 2:54:25 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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To: SeekAndFind

I doubt that. I suspect they have exaggerated the cost of living data. These poverty activists can manufacture acy data they want.


66 posted on 09/02/2018 2:58:28 PM PDT by elpadre (AfganistaMr Obama said theoal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: SeekAndFind

Maybe it would be easier on everyone if Obamacare hadn’t caused premiums to skyrocket


67 posted on 09/02/2018 3:06:24 PM PDT by Scotswife
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To: SeekAndFind

I saw no reference to how much money they spend on tattoos, $1000 cell phones, cable TV, and miscellaneous gadgets.


68 posted on 09/02/2018 3:11:18 PM PDT by MayflowerMadam (Have an A-1 day.)
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To: Pollard
It will take some time but things will get better. Employers are starting to have to compete for employees. Very recently, there were dozens of people competing for a single position so they didn’t have to offer much in the way of pay and benefits.

I'm in the military and for the first time in ten years we're starting to see a return of the re-enlistment bonus. Truthfully, they never entirely went away, they just became very rare and only applying to very few jobs. Now they're coming back, a lot bigger and a lot more service members are qualifying for them.

What does this mean? It means that the military now has to compete with the civilian sector for good employees, something they haven't had to do since George W. Bush was president.

69 posted on 09/02/2018 3:16:39 PM PDT by Drew68
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To: SeekAndFind
How many of them never developed a sense of responsibility and always tried to live within their means? How many are welfare leeches who refuse to work? How many are improving because the economy is offering so many opportunities.

I find it amazing that spending a career in the AF as an enlisted man and marrying waitress (who later became a secretary) 23 years before we retired and starting with about $3K between us, I managed to be in the upper percentage of those who have assets enough for retirement and even be fairly comfortable at it....while so many with the same opportunities or better never manage to get their heads above water.

70 posted on 09/03/2018 3:20:55 AM PDT by trebb (So many "experts" with so little experience in what they preach....even here...)
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