Bump
Bump
coach d, Maserati is an obvious troll. No one here takes him seriously.
Job growth in the New Economy: http://www.bls.gov/ooh/food-preparation-and-serving/food-and-beverage-serving-and-related-workers.htm
That's not the new economy, this is:
http://www.bls.gov/ooh/computer-and-information-technology/software-developers.htm
But when I "retired" (as in I'm getting a company pension, but I'm not exactly sitting on my butt doing nothing) as an EE/CS in 2000, I was making 92K. These days, median mid-career pay for EE is 95K according to BLS. And that's what outsourcing will do for you. The issue is not job growth, but wage growth.
For starters, I don't know what all the people who can't pass calculus for engineering and science majors are going to do. Vote for Trump? Either you build the robots or you get replaced by them. This is a major education issue as I see it, and Bernie making public colleges free does not good if you can't do the coursework needed to get the jobs in demand.
coach d,
There is a limit to how many of these job exists. I certainly don't disagree with you, but hopefully those software developers will do more than social media and dubious apps. There is some argument that this nonsense has done more to lower productivity. Hey look at me now!
There is plenty of manufacturing that can be done in this country with or without robots. And there are plenty of mechanical engineers and skilled machinists needed to run robotics. As wage rates move up globally more of these jobs will return. Revision to tax policy will speed the process.
Igy
coach d,
Van Johnson on CNN said that "angry white guys" are supporting Donald Trump. Evidently in West Virginia some of those same "angry white guys" are supporting Bernie Sanders.
Igy
Cracks me up that Igy seemingly monitors DWTD 24/7, then complains about social media being a productivity distraction.
Mango,
If you read my post I admit to it. Hey, I am 65 and still working. Today I was up at 5:15 am, worked a full day, walked 3.25 miles, and still posted. Could you keep up with me?
Igy
And then some.
Mango,
Good, keep it up.
I do my own yard and home maintenance. It is good for your mental as well as physical health. I enjoy the mental gymnastics of posting on DWTD. Sorry if it irritates you, I really don't intend to.
Have a good evening.
Igy
It doesn't irritate me. I just find it funny that you spend so much time here. I suspect it might irritate your customers and employer, if they knew how easily distract able you are. Time is money....their money.
Mango,
Good point, but I disagree. I am actually more engaged in the markets than those who blindly consume what is fed to them, only to later vomit the meal. The decision to lower risk and wait is a conscious decision. At this stage of the market it is my view that makes you more money. There are plenty of managers moving money back and forth generating costs to no avail. So far my views have been more right than wrong.
Igy
Ghost of Igloi wrote:
I am actually more engaged in the markets than those who blindly consume what is fed to them, only to later vomit the meal.
Your clients?
Say,
No not at all. Here are my comments on Macy's from January 11th:
"Couple of Macy's Observations: I don't see the real estate edge, especially in dying shopping malls. Reminds me of a step above JCP and Sears. My wife has not been happy with the product line-up and prefers Anthropologie or Bananna Republic. My view is they are trying to hit the middle market. So it appears no longer at the higher end. Lastly, I don't see a consumer rebound ahead."
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=427#ixzz48Ll6Zhfxy
,
Check the news on Macy's earnings today. The trends are pretty clear, but Wall Street and others refuse to dig deeper into the fundamentals.
Think what you wish, but get your facts straight before you insult.
Igy
U.S. stock futures on Wednesday pointed to a lower open, weighed down by drops by Walt Disney Co. and Staples Inc.
Disney's earnings-driven premarket tumble of 5.2% has helped put the Dow on pace to erase part of Tuesday's 222-point jump. On Tuesday, the S&P 500 and Dow both closed up by 1.3% for their biggest percentage gains in about two months, aided by crude futures settling 2.8% higher.
"Yesterday's global equity journey was strangely optimistic when much of the economic data has been a little light in recent times," said David Buik, market commentator at Panmure Gordon & Co., in a note Wednesday. "As the threat of an increase in the Fed rate dissipates, investors girded up their loins buoyed by higher oil, better quality earnings and a feeling that perhaps markets had been oversold."
"It wasn't so much a euphoric session; it was just a question of sentiment improving," Buik added.
I offered no insult. I simply asked a question (and it wasn't about Macy's).
interesting story on the minimum wage today - what percent of workers would you guess make minimum wage? the answer is less than 4% and falling dramatically. Through the 70s and 80s it was generally around 8% and in double digits until around '84.
So that's good.
And of course, as with everything in this country, it is very different depending on where you live. The 8 states with the highest % of people making min wage are just what you'd think - former confederacy states. What is with those places?
Anyway, another piece of data that shows how things have improved for poor people over the last few decades, despite what you hear.
coach d wrote:
That's not the new economy, this is:
http://www.bls.gov/ooh/computer-and-information-technology/software-developers.htmBut when I "retired" (as in I'm getting a company pension, but I'm not exactly sitting on my butt doing nothing) as an EE/CS in 2000, I was making 92K. These days, median mid-career pay for EE is 95K according to BLS. And that's what outsourcing will do for you. The issue is not job growth, but wage growth.
For starters, I don't know what all the people who can't pass calculus for engineering and science majors are going to do. Vote for Trump? Either you build the robots or you get replaced by them. This is a major education issue as I see it, and Bernie making public colleges free does not good if you can't do the coursework needed to get the jobs in demand.
This post is bizarre, and disjunctive. What is it that you are trying to say?
Coach d, the reporting of the "job openings" number is absolutely a smokescreen. 4Q15 slide? Where?
What exactly does the "job openings" number mean to you, and how do you use it in your investing?
BTW, BLS does offer seasonally-adjusted job openings:
http://www.bls.gov/news.release/jolts.a.htmYou might want to consider using higher-quality, and/or more granular, data, if you want to use this data at all.
But again I ask, what does this number mean to you?
Here is what the BLS means by "job opening":
A "job opening" is a specific position that needs to be filled at an establishment, and this position needs to meet the following criteria:
1) there is work available for that position
2) the job could start within the next 30 days
3) the employer is actively recruiting for the position.
agip wrote:
interesting story on the minimum wage today - what percent of workers would you guess make minimum wage? the answer is less than 4% and falling dramatically. Through the 70s and 80s it was generally around 8% and in double digits until around '84.
So that's good.
Or is it?
The minimum wage hasn't been adjusted in a long time.
If you adjust for inflation, the results would be different.
Maserati,
I just look at the appeal of Trump and Sanders as an indication things are not so "well." Whether it is jobs, healthcare, income disparity, something is brewing beneath the surface.
Igy