Labor/Economics

[carmenjonze]

Heard on a C-SPAN labor segment: "We are done with getting low pay while the owner of the company buys a rocket."

+++++

[Motor City]

https://www.youtube.com/watch?v=B9CClt5Zj3Y

In Unhinged Video, CEO Who Told Staff to Work Through Hurricane Also Scorned COVID Concerns

https://www.youtube.com/watch?v=k-I2U10pVlI

PostcardMania CEO Speaks Out After Hurricane Ian, World Should be More Forgiving and Helpful

[Drak]

Highlights from the Sept jobs report:

263,000 jobs added
Unemployment at 3.5% (a 50 year low)
Hispanic unemployment at a RECORD low

https://twitter.com/RepJayapal/status/1 ... 2149447682

[ap215]

NLRB: APPLE INTERFERED WITH UNION DRIVE AT NYC STORE

The National Labor Relations Board has filed a complaint accusing Apple Inc of illegally attempting to stymie a union campaign at a Manhattan retail store by interrogating workers and barring them from leaving pro-union flyers in a break room.

The complaint from the NLRB claims Apple asked employees at the World Trade Center store about their support for the union, forced them to attend anti-union meetings and prohibited flyers in a break room where it allowed other forms of solicitation. The complaint was spurred by charges that the Communication Workers of America (CWA) union filed with the agency in May. Sara Steffens, the CWA's Secretary-Treasurer, said the complaint would help hold Apple accountable for its anti-union activities.

https://www.nycclc.org/news/2022-10/nlr ... -nyc-store

[Glennfs]

Inflation still over 8pct PepsiCo just announced a 17pct price increase

[Drak]

Inflation still over 8pct PepsiCo just announced a 17pct price increase

Inflation is high all over he world. As are prices. World wide. Go do some research.

[gounion]

Inflation still over 8pct PepsiCo just announced a 17pct price increase

Will electing Republicans fix anything at all?

[Bludogdem]

Inflation still over 8pct PepsiCo just announced a 17pct price increase

Yeah. It’s interesting those inflation numbers exclude food and energy. Eggs are up like 30%. As are cereals.

[Drak]

Yeah. It’s interesting those inflation numbers exclude food and energy. Eggs are up like 30%. As are cereals.

Go look at what’s happening wide, green gas. And remember, almost two years back you lied about toilet paper prices, Green Gas.

[Bludogdem]

Go look at what’s happening wide, green gas. And remember, almost two years back you lied about toilet paper prices, Green Gas.

I was dead right on the toilet paper prices. You were just to stupid to figure it out. I as recall none of you understood the fact that Charmin can compress that many rolls in a package and sell it on the standard grocery store shelf. I found them at my local Kroger’s. And the price was in the range christy stated.

[gounion]

I was dead right on the toilet paper prices. You were just to stupid to figure it out. I as recall none of you understood the fact that Charmin can compress that many rolls in a package and sell it on the standard grocery store shelf. I found them at my local Kroger’s. And the price was in the range christy stated.

Corporate stealing, nothing more.

[Glennfs]

Will electing Republicans fix anything at all?

Well we are experiencing what putting liberals in charge is doing. But of course you can't admit that those policies are failing

[gounion]

Well we are experiencing what putting liberals in charge is doing. But of course you can't admit that those policies are failing

Who has done better for the economy this Century? Bush/Trump or Obama, let alone Clinton, who gave us a surplus, which Bush blew.

What will the GOP do? Why, another tax cut for the rich.

[Drak]

I was dead right on the toilet paper prices. You were just to stupid to figure it out. I as recall none of you understood the fact that Charmin can compress that many rolls in a package and sell it on the standard grocery store shelf. I found them at my local Kroger’s. And the price was in the range christy stated.

No, you were wrong and it was proven at the time. You’re a lying sock who keeps coming back pretending to be someone else. You have no relevance.

[Number6]

Inflation still over 8pct PepsiCo just announced a 17pct price increase

Then stop drinking Pepsi if you don't like their price increase. I've almost given up on drinking soda and usually only drink one when I'm bowling. I switched to Soda Stream and make my own soda and I've saved a lot of money over buying soda at the store.

[Number6]

Will electing Republicans fix anything at all?

Yeah, they'll cause prices to rise even higher just so company executives and increase their salaries and/or benefits.

[Bludogdem]

No, you were wrong and it was proven at the time. You’re a lying sock who keeps coming back pretending to be someone else. You have no relevance.

You’ll find this in Murfreesboro at krogers.

Package size is 9x12x20. $29.

https://www.kroger.com/p/charmin-ultra- ... ult_search

[Number6]

I was dead right on the toilet paper prices. You were just to stupid to figure it out. I as recall none of you understood the fact that Charmin can compress that many rolls in a package and sell it on the standard grocery store shelf. I found them at my local Kroger’s. And the price was in the range christy stated.

Well, well, well! After denying he was greengrass he's now admitted he is actually greengrass. gounion nailed him immediately as an imposter posting under the handle Bludogem.

Drak posted: "Go look at what’s happening wide, green gas. And remember, almost two years back you lied about toilet paper prices, Green Gas." Drak used the name "green gas" as a slur on the name "greengrass."

Bludogdem (greengrass) posted: "I was dead right on the toilet paper prices." That's the admission by Bludogdem that he is greengrass.

Well played, Drak, well played!

[gounion]

Well, well, well! After denying he was greengrass he's now admitted he is actually greengrass. gounion nailed him immediately as an imposter posting under the handle Bludogem.

Drak posted: "Go look at what’s happening wide, green gas. And remember, almost two years back you lied about toilet paper prices, Green Gas." Drak used the name "green gas" as a slur on the name "greengrass."

Bludogdem (greengrass) posted: "I was dead right on the toilet paper prices." That's the admission by Bludogdem that he is greengrass.

Well played, Drak, well played!

Green Grass was NEVER very bright. He’s too stupid to keep his story straight.

[Drak]

Not a Bernie fan, but he’s right here.



Bernie Sanders

@SenSanders
Inflation Rate
: 10.9%
: 10.9%
: 10.1%
: 9.4%
: 9%
: 8.6%
: 8.2%

No. Inflation is not going up in the U.S. because the working class got a $1,400 check 19 months ago. Multinational corporations

https://twitter.com/SenSanders/status/1 ... 3459694592

[Drak]

Rep. Katie Porter

@RepKatiePorter
Bigger corporate profits account for *over half* of the higher prices people are paying.

Video at link

https://twitter.com/RepKatiePorter/stat ... 7723113472

[bird]

Prices are going up because companies can raise them, period. Sure, they use excuses but the bottom line is there is NOTHING that causes inflation. What do I mean by that? Every price in finished goods is triggered by raw material increases allegedly. Well then, what causes raw material increases? Commodity price increases? What causes commodity price increases?

Only human beings decide to raise prices.

Price increases are ALWAYS psychological reactions, period. They are not “caused” by increases in the money supply. They are not “caused” by government spending. Those and other so-called reasons are merely window dressing, excuses, cover ups. Economists, at least classical/neoclassical economists, do not know what causes inflation. ZoWie mentioned Putin’s war. This is part of it because it provides cover while impacting confidence. Confidence is the foundational key. Anything that impacts confidence, which causes unease, a psychological input, will cause a response to gain as much revenue as possible. Ask yourself why when there is major economic upheaval countries rush to buy U.S. treasuries.

On the political side of political economy, Glen bleats about liberal policies causing inflation. Glen doesn’t know any better and refuses to learn anything so his words are mere noise.

You want to “stop” inflation? Imo, there are only two things that can be done.

1) Institute an absolute wage/price freeze.

2) Jack interest rates sky high.

Neither of those medicines would be popular. #2 would likely crater the economy as we saw with the Volcker recession.

On a side note, claims that Volcker eliminated inflation were premature. Volcker simply stopped rampant inflation for a while. Even then the data used to measure inflation is woefully simplistic and doesn’t paint an accurate picture.

[Libertas]

THIS is why prices are going up



https://twitter.com/i/status/1582475617723113472

Bigger corporate profits account for *over half* of the higher prices people are paying.

WAtch the vid. Cons defend this.

[ZoWie]

There's something to this. In a haze of incomplete explanations, the one right up there ^ seems to be as valid as any. It does address the immediate problem, which is excessive upward pressure on prices.

--------

Inflation is not well understood.

It seems to be inherent to the current economic system.

Economists tend to have physics envy. They want a system of equations that will reliably predict what will happen when certain conditions exist, but since real world economic systems have humans in them, economics will always be more of a social science than a hard science.

We got spoiled by low inflation, and when times got rougher, we were surprised when the laws of probability showed their nasty side.

My own feeling is that we have met the enemy and it is us.

We hear a lot about interest rates, yield curves, and liquidity, but not much about increasing social entropy and too many fascists.

Right now, there's a lot of strain on finite resources, and nothing seems to be working very well. Of course it's to be expected that the economy would malfunction in such an environment. Actually, though, it can't even be considered a malfunction, considering that it's doing what it always does when we lack the political will to get on top of price gouging, monopolies, militarism, public health, and horrifically unbalanced wealth distribution.

[bird]

There's something to this. In a haze of incomplete explanations, the one right up there ^ seems to be as valid as any. It does address the immediate problem, which is excessive upward pressure on prices.

--------

Inflation is not well understood.

It seems to be inherent to the current economic system.

Economists tend to have physics envy. They want a system of equations that will reliably predict what will happen when certain conditions exist, but since real world economic systems have humans in them, economics will always be more of a social science than a hard science.

We got spoiled by low inflation, and when times got rougher, we were surprised when the laws of probability showed their nasty side.

My own feeling is that we have met the enemy and it is us.

We hear a lot about interest rates, yield curves, and liquidity, but not much about increasing social entropy and too many fascists.

Right now, there's a lot of strain on finite resources, and nothing seems to be working very well. Of course it's to be expected that the economy would malfunction in such an environment. Actually, though, it can't even be considered a malfunction, considering that it's doing what it always does when we lack the political will to get on top of price gouging, monopolies, militarism, public health, and horrifically unbalanced wealth distribution.

There is an old joke that for economists the real world is a special case.

Circumstances conspire as do politicians, pundits and capital. So we see that “governmental intervention” is bleated for when it damages constituencies that might be persuaded to throw the bums out.

Ha-Joon Chang said it well in 23 Things They Don’t Tell You About Capitalism. There is no such thing as the free market.

So, real world humans make decisions which negatively impact the huddled masses. Complaints arise. Populists, in this case generally on the right, scream with moral indignation all while providing no ideas. The masses having little time to understand the bowl of spaghetti that is economics don’t know what to do beyond they want something done. The RWNJ provide bright, shiny objects and imbeciles as candidates. Vote for the football coach/player because he coached/played football. Gays are…something unacceptable because God.

ZoWie brings up many valid points as did Libertas. It all comes down to humans. What can be, should be and will be done?

Imo, very little. Unfortunately. Because the willingness to destroy a political career for the betterment of all is missing from far too many politicians.