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Topic: 2019 Offseason Stream of Unconsciousness

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ELA

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #826 on: April 15, 2019, 07:53:23 AM »
Who isn't seeking that at this point?
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847badgerfan

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #827 on: April 15, 2019, 08:06:03 AM »
I'm not. Heh.
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MrNubbz

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #828 on: April 15, 2019, 09:09:20 AM »
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847badgerfan

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #829 on: April 15, 2019, 10:10:03 AM »
Quote from: Mdot21 on April 14, 2019, 08:06:31 PM
Stock market =/= the economy. Central banks across the globe have been propping up the stock markets. And who owns most of that stock and reaps the benefits? In the US, the Top .01 own about 17%, the next 0.9% about 35%, and the next 9% about 43%. Most of the people in this country and really struggling taking on more and more debt just go get by.
After the Great Recession the fed pumped trillions into the system and there was no inflation. None. How does that even work?

We don't make or manufacture jack shit here anymore. That's how real wealth and value generation is created. Now it's all playing games with money and bullshit. Before the great kaboom in 2007-2008, the financial sector accounted for over 40% of all Corporate profit. Over 40%. In the 1980s it was only 16% and in the 1960s when this country was truly the greatest country on earth and was manufacturing just about everything under the sun- it wasn't even 10%. It's a low-employee, unproductive, inefficient sector that for some reason generates enormous guaranteed profits and gets bail outs whenever they get in trouble.

And let's not forget corporations taking on massive debt for stock buybacks to boost share prices to pump the market up as well. There's a corporate debt bubble looming out there that could just pop and send the market crashing and the US into another recession.

It's coming. Who the hell knows when and what triggers it is any ones guess.
That's because nobody wants to work those jobs anymore, and for some, work at all. There are 10K jobs in manufacturing open in my community college district alone, and we have a great program to get people qualified for these jobs. These are jobs that start at $50+ (read: living wage), with just a 1 year certificate. There are a ton of jobs open. We need people to come get them. The people are out there. This I know.
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Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #830 on: April 15, 2019, 10:50:33 AM »
The US makes a lot of paper, and we assemble a lot of cars.  Obviously hydrocarbon production is enormous now.

Trucking is a major employer, which makes one wonder what happens when trucks become autonomous.  For a while, they would likely have a human in there for safety, like the old cabooses on trains.

The word “caboose” comes from the Dutch “kabuis” (or Low German “kabuse”)meaning “cabin on a ship's deck.”

A lot of airplanes are made in the US with jet engines etc.  I lived near a huge jet engine plant in Cincy, most of it build in WW Two.  I could hear the engines being tested at times (on a stand).  
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SFBadger96

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #831 on: April 15, 2019, 01:05:15 PM »
The U.S. has a lot of manufacturing, but our manufacturing is no longer the large shop employers it used to be.

The market vs. the economy is an interesting issue, and wage growth is part of that. One way to derive more profit, pushing up the market, is to pay employees less. The balance of the return on the product has shifted away from employees toward investors, which is good if you are an investor, but bad if you are a middle-class worker. While we hear noises about it, it has been a surprisingly little-discussed political issue.
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Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #832 on: April 15, 2019, 01:12:05 PM »
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betarhoalphadelta

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #833 on: April 15, 2019, 01:12:36 PM »
Quote from: SFBadger96 on April 15, 2019, 01:05:15 PM
The U.S. has a lot of manufacturing, but our manufacturing is no longer the large shop employers it used to be.
We also have a lot more of the high-tech manufacturing compared to the labor-intensive manufacturing. 
US manufacturing output [measured in dollar value] is growing, actually. US manufacturing jobs are not. 
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847badgerfan

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #834 on: April 15, 2019, 01:14:35 PM »
Quote from: bwarbiany on April 15, 2019, 01:12:36 PM
We also have a lot more of the high-tech manufacturing compared to the labor-intensive manufacturing.
US manufacturing output [measured in dollar value] is growing, actually. US manufacturing jobs are not.
They are here. Just need people to fill them.
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Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #835 on: April 15, 2019, 01:15:16 PM »
When I'd visit our paper plants, I could tell how things were going by watching the operators.  If they were sitting around shooting the S, things were going fine.

If the control room had 2 people in it and everyone else was frantic, I knew not to poke my nose in there asking dumb questions.

Automation continues to eliminate jobs, but not output, as noted above.

Autonomous trucking would be huge.
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betarhoalphadelta

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #836 on: April 15, 2019, 01:17:29 PM »
Quote from: Cincydawg on April 15, 2019, 01:12:05 PM

Cincy, not criticizing this at all, but does it account for household size, age, whether it's a single adult or multiple adults, etc? 1960 the median household size was 3.3 people. In 2018 it was 2.53 people. Divorce and single parent situation changed a lot over this time span. 
Granted, your chart is just from 2000, when the average household size was 2.62 people, so not a huge difference. But I wonder if household composition has changed much since then, especially as retiring baby boomers are being replaced by much younger [less experienced / lower income] in the workforce.
I just get leery of aggregate statistics, as they may purport to show something different than reality on the ground.
https://www.statista.com/statistics/183648/average-size-of-households-in-the-us/
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Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #837 on: April 15, 2019, 01:25:52 PM »
It's just median household income, the only adjustment is for inflation (one line).  

It also is not after tax income obviously, another factor when it comes to discretionary spending.
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MarqHusker

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #838 on: April 15, 2019, 01:47:35 PM »
Horrible scene in Paris right now. Notre Dame   Cathedral is ablaze.
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Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #839 on: April 15, 2019, 01:50:08 PM »
Incredible amount of flames there, I would not have thought that must combustible stuff was in it.
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