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#1
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Household goods affordability
According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. |
#2
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Household goods affordability
On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman
" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Thanks for posting that. I've often used the "how many hours" in discussions. Prices on many goods have come down and are of better quality. Such as the color TV. I also recall paying $5 for a really good white dress shirt (made in USA) in the early 1960's. Not as good quality, but you can get shirts for $15 at discount stores (made in some third world country) . |
#3
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Household goods affordability
Dean Hoffman" wrote:
According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? |
#4
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Household goods affordability
On Sat, 12 Oct 2013 22:11:35 -0700, "Bob F"
wrote: Dean Hoffman" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? Some, but not all of the unemployment is exporting manufacturing jobs in favor of cheap labor. Many of our economic problems are still the after effects of the housing bubble that was caused by banks and sleazy mortgage brokers. I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . As for how much are we paying for oil products, not much. Gas was 22¢ a gallon in 1963. Gas is now 16x that but my wage is 21x what is was then so I'm ahead. |
#5
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Household goods affordability
On Saturday, October 12, 2013 8:15:48 PM UTC-7, Dean Hoffman wrote:
According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Do you know any place where I can compare a pound of Russet potatoes or Ribeye steak or a gallon of milk or a visit to the doctor for a yearly check-up (without some bs insurance) or a semester of English 101 at Harvard (without tuition assistance) or a gallon of gasoline? Unlike appliances, all those things have not changed. For that matter, I remember paying $150.00 for a calculator in 1976 that I can buy today for $1.99 and I would prefer the old appliances that were built to last anyway. Technology is not a good comparison. |
#6
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Household goods affordability
Ed Pawlowski wrote:
On Sat, 12 Oct 2013 22:11:35 -0700, "Bob F" wrote: Dean Hoffman" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? Some, but not all of the unemployment is exporting manufacturing jobs in favor of cheap labor. Many of our economic problems are still the after effects of the housing bubble that was caused by banks and sleazy mortgage brokers. I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . As for how much are we paying for oil products, not much. Gas was 22¢ a gallon in 1963. Gas is now 16x that but my wage is 21x what is was then so I'm ahead. Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. |
#7
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Household goods affordability
On Sun, 13 Oct 2013 03:34:29 -0700, "Bob F"
wrote: Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Much of the problem is the College Grad themselves. Are they Mechanical engineers? Biologists? No, many of them took 5th Century Greek sculpture as a major and wonder why they can't find a job. I advertised for a Maintenance type of job. One of my applicants took culinary arts in high school and one year at Johnson & Wales. He never had a wrench in his hand. He quit a coking job because he did not like it. |
#8
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Household goods affordability
On 10/13/13 12:11 AM, Bob F wrote:
Dean Hoffman" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? Some information here http://tinyurl.com/6xo3y6 for gas prices. Gas was the equivalent of $3.87 in 1918, $3.51 in 2013. The lowest equivalent price was $1.46 in 1998. |
#9
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Household goods affordability
On 10/13/13 08:09 am, Ed Pawlowski wrote:
Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Much of the problem is the College Grad themselves. Are they Mechanical engineers? Biologists? No, many of them took 5th Century Greek sculpture as a major and wonder why they can't find a job. But not so many years ago employers were telling young people, "We don't care what kind of degree you have: the mere fact that you have completed college makes you a more desirable employee." Perce |
#10
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Household goods affordability
On Sat, 12 Oct 2013 23:46:48 -0400, Ed Pawlowski wrote:
On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Thanks for posting that. I've often used the "how many hours" in discussions. Prices on many goods have come down and are of better quality. Such as the color TV. I also recall paying $5 for a really good white dress shirt (made in USA) in the early 1960's. Not as good quality, but you can get shirts for $15 at discount stores (made in some third world country) . And the good quality, american dress shirt is about $60, more or less. |
#11
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Household goods affordability
On Sun, 13 Oct 2013 03:34:29 -0700, "Bob F"
wrote: Ed Pawlowski wrote: On Sat, 12 Oct 2013 22:11:35 -0700, "Bob F" wrote: Dean Hoffman" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? Some, but not all of the unemployment is exporting manufacturing jobs in favor of cheap labor. Many of our economic problems are still the after effects of the housing bubble that was caused by banks and sleazy mortgage brokers. I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . As for how much are we paying for oil products, not much. Gas was 22¢ a gallon in 1963. Gas is now 16x that but my wage is 21x what is was then so I'm ahead. Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Actually, if they are willing to get their hands dirty, there ARE jobs out there that pay a half decent wage. They will be tired at the end of the day, too. The jobs are not plentiful, but try to hire a mechanic today. And even with the burst housing bubble, getting good building tradesmen is NOT easy. Getting GOOD truck drivers is not easy either - but nor is finding trucking companies willing to pay a decent premium for a good driver --. A college degree is not a pre-requisite for these jobs - but given the choice between thenabove-mentioned applicant who can't spell their street name and a college grad - the grad has the better chance. |
#12
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Household goods affordability
On Sun, 13 Oct 2013 09:06:03 -0700, "Tony944" wrote:
SNIPPED And that website looks about as professional as something I could put together with a package I can buy at Staples. Looking and reading your post, 50% you are full of xxxx and other 50% if you where dragging you bare ass on icy road I would not believe you. when farmer find half bushel of ratting apples the whole bushel is consider bad I hope and people reading this understand what I meant Would be easier to understand if you could spell and your grammer was better. |
#13
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Household goods affordability
On Sunday, October 13, 2013 2:31:57 PM UTC-4, wrote:
On Sat, 12 Oct 2013 23:46:48 -0400, Ed Pawlowski wrote: On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Thanks for posting that. I've often used the "how many hours" in discussions. Prices on many goods have come down and are of better quality. Such as the color TV. I also recall paying $5 for a really good white dress shirt (made in USA) in the early 1960's. Not as good quality, but you can get shirts for $15 at discount stores (made in some third world country) . And the good quality, american dress shirt is about $60, more or less. What American dress shirts for $60? I haven't seen one in years. The typical quality dress shirt made overseas retails for $45 - $60. |
#14
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Household goods affordability
"Ed Pawlowski" wrote in message
I've had Medicare for three years now. With a good supplement, it is a good deal. For two of us, my premiums are $683 a month. Hmmm...I've had Medicare for 15 years. I have no supplement - don't need one, have a Medicare Advantage plan - so my premiums are $0. Moreover, my plan returns the Medicare part "B" premium that is deducted from one's social security; that is about $200 for the two of us so I am better than $10,000 a year up on you My wife had surgery in April. Total billing so far is over $100k and still going on. Premiums aside, my total out of pocket is $0. Fortunately, we have never had need of such, sorry you have. If we did, we would be spending some; however, the cost to us would be around $4000 per year. We do have a $20 co-pay for specialists, $0 for the primary care physician. I take a drug for cholesterol, two for high blood pressure and one to ward off glaucoma; they cost us $0 or very close to it. -- dadiOH ____________________________ Winters getting colder? Tired of the rat race? Taxes out of hand? Maybe just ready for a change? Check it out... http://www.floridaloghouse.net |
#15
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Household goods affordability
On Sun, 13 Oct 2013 14:21:12 -0400, "Percival P. Cassidy"
wrote: On 10/13/13 08:09 am, Ed Pawlowski wrote: Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Much of the problem is the College Grad themselves. Are they Mechanical engineers? Biologists? No, many of them took 5th Century Greek sculpture as a major and wonder why they can't find a job. But not so many years ago employers were telling young people, "We don't care what kind of degree you have: the mere fact that you have completed college makes you a more desirable employee." Perce There is probably some truth to that, but it is not working. If you earned a college degree, you know how to learn, have some ambition, and I can train you to do my job. I, OTOH, will not hire you for a minimum wage low skill job if you have not finished high school. The kids that drop out are also losers in the workplace. Poor attendance, poor work habits, etc. (exceptions are those older than 40 or so) Many good jobs do not require a degree but trade school. I know a guy having a hard time finding a HVAC tech for $22 an hour. I have five supervisors, only one with a degree. If I ranked them in order, he is probably #4 of 5. The one ranked #1 has the least education, but the most talent for what we do. And a $65k income. I wonder if it is too easy to get a college degree these days and aside from specialized skills, even needed. Engineers, doctors, pharmacists all need a lot of education, but a degree does not make you a better middle manager, warehouse supervisor, trucking terminal manager, and the like. My son has some schooling, but not a degree. He has some talent in the medical field (where he makes his living) and was asked if he'd like to be a doctor or surgeon. His reply, "I don't want to take a pay cut" |
#16
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Household goods affordability
On 10/13/13 1:21 PM, Percival P. Cassidy wrote:
But not so many years ago employers were telling young people, "We don't care what kind of degree you have: the mere fact that you have completed college makes you a more desirable employee." Perce I remember a business instructor from many, many moons ago. He applied for a job at a meatpacking plant. A test was part of the application process. He did too well on the test and wasn't hired. The meatpacking people said he would quickly get bored with the job and quit. |
#17
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Household goods affordability
On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman
" wrote: One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. In '59, a bank would give you a toaster just for opening a banking account |
#18
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Household goods affordability
On Sun, 13 Oct 2013 15:39:41 -0400, "dadiOH"
wrote: "Ed Pawlowski" wrote in message I've had Medicare for three years now. With a good supplement, it is a good deal. For two of us, my premiums are $683 a month. Hmmm...I've had Medicare for 15 years. I have no supplement - don't need one, have a Medicare Advantage plan - so my premiums are $0. Moreover, my plan returns the Medicare part "B" premium that is deducted from one's social security; that is about $200 for the two of us so I am better than $10,000 a year up on you Advantage plans work for some people, but I don't think it is right for us. Seems many doctors will no longer be accepted in some of the plans too. Some of the treatment my wife is getting is either not covered or marginally covered under those plans. My company reimburses me so I technically have $0 out of pocket anyway. So why not get the best? Fortunately, we have never had need of such, sorry you have. If we did, we would be spending some; however, the cost to us would be around $4000 per year. Still not bad if that is the true cash outlay for a major expense. |
#19
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Household goods affordability
On 10/12/2013 11:15 PM, Dean Hoffman wrote:
According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. These items are cheaper because of increased automation. This is also why things like health care and education in part keep going up because the same number of individuals are required in the process. Threads talking about the price of shirts are mentioning an item that has largely gone offshore because factories full of seamstresses are still needed. Apparel like stockings are still made here as they are completely machine made. |
#20
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Household goods affordability
On Sun, 13 Oct 2013 12:25:56 -0700 (PDT), "
wrote: On Sunday, October 13, 2013 2:31:57 PM UTC-4, wrote: On Sat, 12 Oct 2013 23:46:48 -0400, Ed Pawlowski wrote: On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Thanks for posting that. I've often used the "how many hours" in discussions. Prices on many goods have come down and are of better quality. Such as the color TV. I also recall paying $5 for a really good white dress shirt (made in USA) in the early 1960's. Not as good quality, but you can get shirts for $15 at discount stores (made in some third world country) . And the good quality, american dress shirt is about $60, more or less. What American dress shirts for $60? I haven't seen one in years. The typical quality dress shirt made overseas retails for $45 - $60. I buy them for $15-$30, tops. Wait until they're on sale. In the late Winter, it's pretty easy to find long-sleeved shirts (all I wear) at a very good price. Last year I found a bunch of nice Oxfords for about $20. |
#21
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Household goods affordability
On Sun, 13 Oct 2013 14:21:12 -0400, "Percival P. Cassidy"
wrote: On 10/13/13 08:09 am, Ed Pawlowski wrote: Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Much of the problem is the College Grad themselves. Are they Mechanical engineers? Biologists? No, many of them took 5th Century Greek sculpture as a major and wonder why they can't find a job. But not so many years ago employers were telling young people, "We don't care what kind of degree you have: the mere fact that you have completed college makes you a more desirable employee." They found that those with a degree in Women's Studies, Black Studies, or similar, weren't worth more than a high school dropout but their expectations were quite above their abilities. |
#22
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Household goods affordability
Dean Hoffman " wrote:
He has ten other examples of decreasing work hours needed to buy given items. And concludes that everybody is getting richer, which is quite unwarranted unless the time cost of little things like food, housing, transportation, medical care, education, and taxes are also taken into account. This kind of half-baked, disingenuous crap is about the only thing AEI puts out any more. Like many of the other so-called "conservative" or "free enterprise" organizations, it has largely become a shill for big business. |
#23
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Household goods affordability
Per Dean Hoffman ":
More he http://tinyurl.com/lrq8suo I wonder where they are getting their inflation multiplier. When I run $2.09 through http://www.calculator.net/inflation-calculator.html I get $16.31 http://www.bls.gov/data/inflation_calculator.htm and http://www.usinflationcalculator.com/ each give $16.80. Both figures being a long way from American Enterprise Institute's $19.30. -- Pete Cresswell |
#24
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Household goods affordability
On 10/13/13 5:44 PM, Neill Massello wrote:
Dean Hoffman " wrote: He has ten other examples of decreasing work hours needed to buy given items. And concludes that everybody is getting richer, which is quite unwarranted unless the time cost of little things like food, housing, transportation, medical care, education, and taxes are also taken into account. This kind of half-baked, disingenuous crap is about the only thing AEI puts out any more. Like many of the other so-called "conservative" or "free enterprise" organizations, it has largely become a shill for big business. Americans are spending less of their disposible income on food as time goes by. I looked at the U.S. Department of Agriculture site. It has that type of information but it is unavailable due to the "shutdown". There is a chart he http://tinyurl.com/3yqoses Americans spent about 23% of their disposable income in 1930. We were spending about 9.5% of it by 2010. I wonder why the big spike in the mid to late 1940s. Wouldn't it be tough to compare medical costs over time? Doctors have a bunch of new toys and techniques they didn't have in the past. |
#25
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Household goods affordability
Per Ed Pawlowski:
I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . My son-in-law recently had to hire somebody to help test financial planning software. He decided that one litmus test was whether the applicant could demonstrate an understanding of compound interest. He had to interview twenty-seven *college graduates* before he found somebody who could. -- Pete Cresswell |
#26
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Household goods affordability
On Sun, 13 Oct 2013 19:25:44 -0400, "(PeteCresswell)"
wrote: Per Ed Pawlowski: I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . My son-in-law recently had to hire somebody to help test financial planning software. He decided that one litmus test was whether the applicant could demonstrate an understanding of compound interest. He had to interview twenty-seven *college graduates* before he found somebody who could. Perhaps now you understand why we elect the people we do. |
#27
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#28
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Household goods affordability
On Sunday, October 13, 2013 4:25:44 PM UTC-7, (PeteCresswell) wrote:
Per Ed Pawlowski: I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . My son-in-law recently had to hire somebody to help test financial planning software. He decided that one litmus test was whether the applicant could demonstrate an understanding of compound interest. He had to interview twenty-seven *college graduates* before he found somebody who could. -- Pete Cresswell I'm not an employer, so please excuse my .02. I agree with every word you said. Have you considered foreign imports? They are usually better educated, and in most cases, have far more work ethic than the semi-literate young-'uns you have been seeing. Second thought: What is actually wrong with hiring a "60-year-old guy" as long as he can meet your requirements? The recession has wrecked the lives of many respectable, well-qualified workers who THOUGHT they could look forward to a decent retirement with their families. If the older workers can retrain to do what you want, I can guarantee you that they sure as hell know what compound interest is! |
#29
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Household goods affordability
On Sunday, October 13, 2013 3:44:19 PM UTC-7, Neill Massello wrote:
Dean Hoffman " wrote: He has ten other examples of decreasing work hours needed to buy given items. And concludes that everybody is getting richer, which is quite unwarranted unless the time cost of little things like food, housing, transportation, medical care, education, and taxes are also taken into account. This kind of half-baked, disingenuous crap is about the only thing AEI puts out any more. Like many of the other so-called "conservative" or "free enterprise" organizations, it has largely become a shill for big business. Was it ever anything but? HB |
#30
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Household goods affordability
On Sunday, October 13, 2013 6:40:10 PM UTC-4, wrote:
On Sun, 13 Oct 2013 12:25:56 -0700 (PDT), " wrote: On Sunday, October 13, 2013 2:31:57 PM UTC-4, wrote: On Sat, 12 Oct 2013 23:46:48 -0400, Ed Pawlowski wrote: On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. Thanks for posting that. I've often used the "how many hours" in discussions. Prices on many goods have come down and are of better quality. Such as the color TV. I also recall paying $5 for a really good white dress shirt (made in USA) in the early 1960's. Not as good quality, but you can get shirts for $15 at discount stores (made in some third world country) . And the good quality, american dress shirt is about $60, more or less. What American dress shirts for $60? I haven't seen one in years. The typical quality dress shirt made overseas retails for $45 - $60. I buy them for $15-$30, tops. Wait until they're on sale. In the late Winter, it's pretty easy to find long-sleeved shirts (all I wear) at a very good price. Last year I found a bunch of nice Oxfords for about $20. Are these made in America or made overseas? Made overseas, I agree you can find them at those prices on sale. But at the large dept stores that typically have the big sales, I haven't seen a made in America dress shirt in years. Not that I specifically went looking for one, but I sure haven't noticed any. I would think there are still some manufacturers left, but I bet they are expensive. |
#31
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Household goods affordability
On Sun, 13 Oct 2013 17:33:14 -0700 (PDT), Higgs Boson
wrote: On Sunday, October 13, 2013 4:25:44 PM UTC-7, (PeteCresswell) wrote: Per Ed Pawlowski: I've been trying to hire a person for a trainee type maintenance position. I get two types of applicants. One is the 60+ year old guy that was making $25 or more an hour. The other is the young guy that did not finish high school and has a difficult time spelling the name of the street he lives on. . My son-in-law recently had to hire somebody to help test financial planning software. He decided that one litmus test was whether the applicant could demonstrate an understanding of compound interest. He had to interview twenty-seven *college graduates* before he found somebody who could. -- Pete Cresswell I'm not an employer, so please excuse my .02. I agree with every word you said. Have you considered foreign imports? They are usually better educated, and in most cases, have far more work ethic than the semi-literate young-'uns you have been seeing. Second thought: What is actually wrong with hiring a "60-year-old guy" as long as he can meet your requirements? The recession has wrecked the lives of many respectable, well-qualified workers who THOUGHT they could look forward to a decent retirement with their families. If the older workers can retrain to do what you want, I can guarantee you that they sure as hell know what compound interest is! My boss gives points to "60-year-old guys" when hiring. Finding a graduate who knows which end of a soldering iron to pick up is nearly impossible anymore. He did hire a kid (45) recently, though. |
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Household goods affordability
On Sun, 13 Oct 2013 17:33:53 -0700 (PDT), Higgs Boson
wrote: On Sunday, October 13, 2013 3:44:19 PM UTC-7, Neill Massello wrote: Dean Hoffman " wrote: He has ten other examples of decreasing work hours needed to buy given items. And concludes that everybody is getting richer, which is quite unwarranted unless the time cost of little things like food, housing, transportation, medical care, education, and taxes are also taken into account. This kind of half-baked, disingenuous crap is about the only thing AEI puts out any more. Like many of the other so-called "conservative" or "free enterprise" organizations, it has largely become a shill for big business. Was it ever anything but? Big government? No, of course not. |
#33
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Household goods affordability
On 10/13/2013 10:46 AM, Dean Hoffman wrote:
On 10/13/13 12:11 AM, Bob F wrote: Dean Hoffman" wrote: According to the Carpe Diem site one had to work 885 hours in 1959 to earn the same goods as one can earn working 170 hours in 2013. More he http://tinyurl.com/lrq8suo One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. If only one could find a job. What did we export then? What do we export now? Why don't we have decent jobs - because we exported all the manufacturing. And how many hours did we have to work then and now to buy our current largest manufactured export - gasoline and diesel fuel? When nobody can get a middle class job, who benefits by low prices? Some information here http://tinyurl.com/6xo3y6 for gas prices. Gas was the equivalent of $3.87 in 1918, $3.51 in 2013. The lowest equivalent price was $1.46 in 1998. Pound of salted peanuts $3.50 in Walgreens, today. .. Christopher A. Young Learn about Jesus www.lds.org .. |
#34
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Household goods affordability
On Sun, 13 Oct 2013 20:50:42 -0400, Stormin Mormon
wrote: Pound of salted peanuts $3.50 in Walgreens, today. How much for Walnuts? |
#35
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Household goods affordability
On 10/13/13 5:44 PM, Neill Massello wrote:
Dean Hoffman " wrote: He has ten other examples of decreasing work hours needed to buy given items. And concludes that everybody is getting richer, which is quite unwarranted unless the time cost of little things like food, housing, transportation, medical care, education, and taxes are also taken into account. This kind of half-baked, disingenuous crap is about the only thing AEI puts out any more. Like many of the other so-called "conservative" or "free enterprise" organizations, it has largely become a shill for big business. A bit here about U.S. house sizes: http://tinyurl.com/ldc2ms2 House sizes roughly doubled since the 1950s despite family size decreasing. Houses have been getting a bit smaller lately. Maybe people are regaining their sanity. |
#36
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Household goods affordability
On Sunday, October 13, 2013 3:41:55 PM UTC-4, Ed Pawlowski wrote:
On Sun, 13 Oct 2013 14:21:12 -0400, "Percival P. Cassidy" wrote: On 10/13/13 08:09 am, Ed Pawlowski wrote: Lucky you. College grads are having trouble find anything much better than minimum wage jobs, if that. Much of the problem is the College Grad themselves. Are they Mechanical engineers? Biologists? No, many of them took 5th Century Greek sculpture as a major and wonder why they can't find a job. But not so many years ago employers were telling young people, "We don't care what kind of degree you have: the mere fact that you have completed college makes you a more desirable employee." Perce There is probably some truth to that, but it is not working. Yeah, there is some truth to it. If you were looking to fill certain positions and you had a choice between someone who got a degree of any kind, ie English, political science, etc, and someone who had no college, the college degree would be worth something. But it's been well known for decades that a degree in engineering, science, etc has a lot more value than a degree in history. And those graduates are still doing pretty much OK today. If you got a degree in mechanical engineering and took a few computer courses, you can probably find a job as a programmer, web designer, etc. If you get a degree in political science and don't take any computer courses, well good luck. But it's always been like that. If you earned a college degree, you know how to learn, have some ambition, and I can train you to do my job. I, OTOH, will not hire you for a minimum wage low skill job if you have not finished high school. The kids that drop out are also losers in the workplace. Poor attendance, poor work habits, etc. (exceptions are those older than 40 or so) Many good jobs do not require a degree but trade school. I know a guy having a hard time finding a HVAC tech for $22 an hour. And those jobs also offer the opportunity to start your own business after you've got experience. I have five supervisors, only one with a degree. If I ranked them in order, he is probably #4 of 5. The one ranked #1 has the least education, but the most talent for what we do. And a $65k income. I wonder if it is too easy to get a college degree these days and aside from specialized skills, even needed. Engineers, doctors, pharmacists all need a lot of education, but a degree does not make you a better middle manager, warehouse supervisor, trucking terminal manager, and the like. I'd love to see some statistics on whether an MBA really makes you a better manager and if so, by how much. Some of the best and most successful managers, eg Andy Grove, had no business degree. Neither did the Intel founders, Gordon Moore and Bob Noyce. Or Bill Gates, Steve Jobs, Jack Welch, etc. Probably 95% of business management is either common sense or thing that can't be learned at a college. My son has some schooling, but not a degree. He has some talent in the medical field (where he makes his living) and was asked if he'd like to be a doctor or surgeon. His reply, "I don't want to take a pay cut" Not to mention all the $$$$ for all the years of additional school and the lost income. Which goes back to what you said about learning a trade, like HVAC or plumbing. Look at what 4 years at a good college costs today. With a lot less money, you could start that HVAC business or some other small business. Or put the $200K into an investment fund. Not saying college isn't worth it, but if you're going to go, you better make sure you pick a degree where the return is going to be worth it. |
#37
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Household goods affordability
On 10/13/2013 4:06 PM, Oren wrote:
On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. In '59, a bank would give you a toaster just for opening a banking account Now they give you a bank if you buy a toaster? .. Christopher A. Young Learn about Jesus www.lds.org .. |
#38
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Household goods affordability
On Sun, 13 Oct 2013 21:06:37 -0400, Stormin Mormon
wrote: On 10/13/2013 4:06 PM, Oren wrote: On Sat, 12 Oct 2013 22:15:48 -0500, Dean Hoffman " wrote: One would work about 28 hours to buy a gas stove in 2013 compared to almost 91 hours in 1959. He has ten other examples of decreasing work hours needed to buy given items. In '59, a bank would give you a toaster just for opening a banking account Now they give you a bank if you buy a toaster? No, no, no. Now they foreclose on the toaster? |
#39
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Household goods affordability
On 10/13/2013 8:33 PM, Higgs Boson wrote:
I'm not an employer, so please excuse my .02. I agree with every word you said. Have you considered foreign imports? They are usually better educated, and in most cases, have far more work ethic than the semi-literate young-'uns you have been seeing. Yes, we have a couple of them. Second thought: What is actually wrong with hiring a "60-year-old guy" as long as he can meet your requirements? The recession has wrecked the lives of many respectable, well-qualified workers who THOUGHT they could look forward to a decent retirement with their families. If the older workers can retrain to do what you want, I can guarantee you that they sure as hell know what compound interest is! Nothing, but they are skilled and experienced people not interested in doing menial work for low wages. They want and are worth double the wages this entry level position pays. We have a lot of over 60 people and in the past couple of years we had two retire at age 76 and 74. Half our workforce is over 50, |
#40
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Household goods affordability
wrote in message ... On Sun, 13 Oct 2013 09:06:03 -0700, "Tony944" wrote: SNIPPED And that website looks about as professional as something I could put together with a package I can buy at Staples. Looking and reading your post, 50% you are full of xxxx and other 50% if you where dragging you bare ass on icy road I would not believe you. when farmer find half bushel of ratting apples the whole bushel is consider bad I hope and people reading this understand what I meant Would be easier to understand if you could spell and your grammer was better. My Dear you are absolutely right I wish that I had more education. However some time is not if you can spell but what you can do and if you willing get little dirty. If you want to know more about me check address below. Remember not to judge book by it's cover http://www.bubblews.com/account/34970-tony258/posts?p=3 |
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