Roadblocks to prosperity

Discussion in 'Markets & Economies' started by mmm....shiney!, Dec 20, 2019.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Agree 100%. The same people earning these exorbitant wages are the ones who are heavily debt laden, once used to the fast life style they forget how to live in tough times and run around looking for governments hand outs. Just wait until thepension age is raised to 80 because they can't afford to pay pensions for the coming generation of retirees
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Credit bubble is already blowing up. I remembered in the aftermath of the Asian financial crisis there was a false recovery in the Singapore property market. Prices went up about 10% in 2000 before getting slammed down by sept 11 and when the SARS broke out in China, prices were slammed down 30% by 2003. 2020 smells like 2000.

    Beware of the bear rally.
     
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  3. JulieW

    JulieW Well-Known Member Silver Stacker

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    The wages Accord in the 80s would disprove that.
     
  4. Lovey80

    Lovey80 Well-Known Member

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    Disproves what exactly?
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    In the Accord the government and unions worked together for the benefit of all. Contrary to what you wrote.
     
  6. Lovey80

    Lovey80 Well-Known Member

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    You mean the accord between the unions and the government that was put there by the unions where workers still got a 4.3% pay rise in the first year followed by a 4.1% pay rise in the second year? I’m not sure they know it but I’m not sure how the 8.5% of workers that were still without a job at the end of 1984 would consider the accord to be benefiting them.
     
  7. Jim4silver

    Jim4silver Well-Known Member

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    Poverty is a mental disease, not a money disease. That is why if a poverty minded person wins the lottery, they will be broke in a couple of years. Except in very rare cases, people just don't wake up broke. It is a progressive disease that happens over time. Just like alcohol addiction, etc.

    Conversely, you can take a wealth minded person, take away all their money, and in a few years they will be back moving and grooving. I have experienced the poverty mindset myself despite having more than one college degree (one doctoral level) and being very good at my work. But if you break the "money rules" you will fail, even if you are smart or have skills.

    If people "in poverty" are honest with themselves, they will see the many mistakes they make spending and not saving, etc. Welfare was started in the US to keep people "in debt" to their democrat masters who promise them free stuff to keep voting democrat.

    So many "foreigners" come to the US with a good work ethic and before long own their own business, etc. Yet we have certain US citizen sectors that play the victim and want free $hit all the time, thanks to Lyndon Johnson and others like him who have programmed their thinking for decades.
     
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  8. Timmy88

    Timmy88 Active Member Silver Stacker

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    Construction industry is full of corruption and under payment, you yourself may be on a good wicket working direct for a big tier 1 builder or you are in a core union trade, but 80% + of the guys on construction sites are getting short changed big time. Everyone out side of tier 1 builders do not enjoy the benefits you are on.

    Timmy
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Basically the closer you can get to the government gravy train the better of you are.
     

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