“skunk” might make it more black-and-white…
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Yeah, puzzling, indeed.
It’s almost as if our entire economic system is out of whack (that was sarcasm).
Maybe Marx was right. Our system is slowly suffocating.
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Hey, Jerome! Here’s a real easy puzzle for you to solve although, with your cluelessness, you probably couldn’t figure out the Jumble in the Sunday newspaper:
Q: What is responsible for low wages and few workers getting raises?
A: T_E R_PU_LI_AN PAR_Y
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This is also good.
Excerpt:
Graeber locates a tremendous lode of bullshit employment in the private sector. “It’s as if businesses were endlessly trimming the fat on the shop floor and using the resulting savings to acquire even more unnecessary workers in the office upstairs,” he writes.
The Bullshit-Job Boom
For more and more people, work appears to serve no purpose. Is there any good left in the grind?
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Funnel all the money to the CEO, who will then contribute to the Republican party, which will then pull the wool over the eyes of the rubes cut corporate taxes so there will be more money to funnel to the CEO. Lather, rinse, repeat until the US reaches the situation of France in 1789.
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“I don’t know if the light really shuts off when you close the refrigerator door”, said Jerome Powell. “I wouldn’t say it’s a mystery. But it’s, it’s a bit of a puzzle.”
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Is he stupid or just pretending to be stupid?
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Mr Powell should spend an evening re-reading the Republican speeches during the debate on the tax cut. That will help him make sense of the puzzle.
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Shorter Fed: We would like you to think we are idiots.
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I actually thought the auditions for the remake would have cast Cher with an Alicia Silverstone type actress. Choosing Powell is a bold and unexpected choice.
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Has the Chairman ever heard of a concept called greed?
Because it’s greed at the top and desperation at the bottom.
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AP enables as usual, raising the bullsh*t possibility that it’s because productivity hasn’t gone up enough, while ignore the fact that well over half the productivity increases of the past 40 years have been trousered by the top.
Employers at all levels appear willing to suffer (ahem, not really) the losses due to unfilled jobs rather than offer decent pay.
Oh, and another thing, AP: there’s a reason that the Fed and other people monitoring “core inflation” leave energy prices out of the mix.
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And anti-monopoly laws.
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The firms with very high wages have one thing in common. They all are knowledge, creativity based tech firms. I know it is hard to find technical people in my industry, software. In my industry wages have been rising steadily. Our average employee is doing very well, very well indeed.
We just aren’t training our young people for the jobs of the future. There is simply no need for people to man an assembly line. There sure is a shortage of people with creativity and imagination. Instead of training kids to take tests we really need to be teaching kids to think and explore.
I am not sure our politicians or educators are up to the task of educating our children for the future.
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I think you’re forgetting Chinese and Indian middle class consumers.
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they don’t even come close… google it…
here’s one reference… TOTAL national wealth, rather than GDP… India is WAY down there… China is STILL one third of ours… with nearly 4x the population.
No doubt those economies are growing, but the facts still lean towards US as the world’s middle class economic engine.
OUR middle class consumer CREATED the Chinese middle class…
Wal mart was the conversion factor.
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So let’s raise interest rates three times this year to insure American workers can’t afford a new car, too? After all, inflation from the GOP tax cut for the wealthy has already raised gasoline prices over a dollar a gallon.
Nobody associated with this reckless GOP administration and Congress has a clue. They are too busy imitating ruthless fascist and communist leaders or the cowards that let them operate. .
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His Rootie Kazootie-like puzzlement prompts the following question: Is being an ignorant asshat a prerequisite for getting a Trump appointment, or does asshattery kick in after one takes over the job? https://www.youtube.com/watch?v=djGnX7WkulM
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So much for the tax giveaway for business will float down to workers!
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What a naive economist Powell is. We have an administration that is concentrated on corporations and investors. Never mind workers. How about he works to raise the minimum wage to at least $10.00 an hour.
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