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Topic: 2019 Offseason Stream of Unconsciousness

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betarhoalphadelta

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #840 on: April 15, 2019, 01:54:36 PM »
Glad I actually got to see it, although now I'm a little disappointed that we didn't actually go inside that day [it was after touring the Louvre for several hours]...

Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #841 on: April 15, 2019, 02:25:25 PM »
Stunning images coming in over the news networks.


Mdot21

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #842 on: April 15, 2019, 03:05:13 PM »
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.
This isn't exactly true. Millions of manufacturing jobs were lost in the 90s and 2000s and those are never coming back. In the 1960s about 1 in 4 Americans had a manufacturing job. 25%. Today it's less than 1 in 10 at around 8%. The US has lost 6 million manufacturing jobs since 2000 alone. We used to manufacture everything under the sun here. We don't anymore.
Take the state of Michigan alone. From 2000-2010 it lost 48% of all it's manufacturing jobs. In the 1960s the city of Detroit was the 4th most populated city in the country with around 2 million residents and it was the richest city in the entire nation. All of that built on the back of manufacturing. Now the city of Detroit is destitute. A true American Economic Horror Story. There's less than 670,00 residents, the city went bankrupt not long ago, it's the most dangerous city in the US, and it looks like a fricken war zone with abandoned factories, homes, and buildings everywhere.
Automation/robotics and out-sourcing have devastated most US manufacturing jobs. Automation not as much as out-sourcing, but it's played a part for sure. The US is actually lagging behind most of it's competitors countries in terms of automation btw. South Korea, Germany, Japan- all have far more robotics in their manufacturing plants than the US does. Some of those countries by a factor 5x. And 78,000 plants were closed in the US from 2000-2014 alone. The robots need somewhere to work too. If automation played such a big role they wouldn't be closing that many factories, they'd be retrofitting them with robots.
Clinton signing NAFTA into law in '93 and pushing through permanent normal trade relations with China in the last year of his presidency- which set the spring board for China to join the WTO in 2001- lead to massive layoffs in the US and shifting production to other countries where US multinationals could pay employees in other countries slave wages and pollute the environment all they wanted and not have to deal with pesky things like fines from the EPA thereby boosting profits by saving shit tons of money on labor and also saving money by not having to deal with fines and regulations from the US government agencies like OSHA/EPA.

Mdot21

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #843 on: April 15, 2019, 03:13:06 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.
I wouldn't say the US has a lot of manufacturing. Take the very small but highly profitable subsection of computer/high-tech out of the manufacturing #'s and you start to see just how bad manufacturing really is....
https://qz.com/1269172/the-epic-mistake-about-manufacturing-thats-cost-americans-millions-of-jobs/
Oh, and I agree with you 100% on the last part. Not talked about enough. And one of the biggest reasons for the CEO pay gap vs average worker. CEO's compensation is stock related now. Their #1 goal is not to build and grow a sustainable, stable business that's profitable for the long term. It's how can I push the share price up and make hundreds of millions of dollars for myself and the executive class this year through stock related compensation and make the shareholders happy as hell with high stock prices. Take this douchebag Frank Bisignano for example. He became the CEO of a company called First Data in 2013, and his base salary was $1.3 million in 2017, but he made $102+ million in total compensation in 2017 due to- yup, you guessed it- stock related compensation. You know, only roughly 2,028 times the average pay of one of his workers.
« Last Edit: April 15, 2019, 03:22:38 PM by Mdot21 »

Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #844 on: April 15, 2019, 03:35:06 PM »
I would think an increasing stock price is at least one indication of a company that is likely to do well over the longer haul.  Executive incentive pay is one way to encourage higher stock prices, which is something the owners of the company tend to like.



Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #846 on: April 15, 2019, 03:40:53 PM »
I think the chart shows some ups and downs but the current state is about what it was in 2000, around $60 K a year per HH.

MrNubbz

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #847 on: April 15, 2019, 03:59:18 PM »
Looks like Notre Dame Cathedral in France is toast roof and spire collapsed into the structure.
Suburbia:Where they tear out the trees & then name streets after them.

Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #848 on: April 15, 2019, 04:02:51 PM »
Yes, I'm not sure if the iconic square towers will survive, but hopefully they will.  We're headed over in May for 3 weeks.

MrNubbz

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #849 on: April 15, 2019, 04:06:19 PM »
Wonder if it was a spark from a torch,hopefully not careless smoking.Sure there was some priceless art go up in flames
Suburbia:Where they tear out the trees & then name streets after them.

Cincydawg

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #850 on: April 15, 2019, 04:13:30 PM »
I'm hard pressed to see how it got so out of control without earlier notice, but perhaps it was noted and got going before anyone could contain it.  That suggests, I think, an accelerant of some sort, perhaps construction materials.  Perhaps the work included a lot of canvas sheets to protect materials and they had some sort of flammable solvent around?


MrNubbz

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #851 on: April 15, 2019, 04:17:24 PM »
With huge pocket of air and drafts going thru it'd be like tinder.Someone said a lot of the higher framing was wood
Suburbia:Where they tear out the trees & then name streets after them.

Mdot21

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #852 on: April 15, 2019, 04:22:58 PM »
Looks like Notre Dame Cathedral in France is toast roof and spire collapsed into the structure.
so unbelievably sad. I was just there two years ago. Feels like yesterday. can't believe this has happened.

Mdot21

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Re: 2019 Offseason Stream of Unconsciousness
« Reply #853 on: April 15, 2019, 04:46:22 PM »
I would think an increasing stock price is at least one indication of a company that is likely to do well over the longer haul.  Executive incentive pay is one way to encourage higher stock prices, which is something the owners of the company tend to like.
Yeah, no they really don't have a whole lot to do with eachother. There are plenty of ways to manipulate share prices in the short term which can put a company at risk in the long term.

Just look at the corporate debt bubble that has built up. There's been a record amount of debt and a record amount of corporations buying their stock back. Corporations have been borrowing cheap money to buyback shares to boost prices at record rates. And that money just flows into the hands of the few. The top .01 own 17% of the stocks in the entire country, the next .9% own 35% and the next 9% own 43%. There's $9 trillion there in corporate debt on it's way to 10 trillion. TRILLION. HUGE chunk of that debt hasn't gone to investing in R&D or plants or jobs or the future, it's just gone to repurchasing shares.

 

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