151–160 of 237 posts
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They used to be paid in stock... they wanted $15/hr instead.
Wow.. such bubble, much removed from reality. 78% of Americans live paycheck to paycheck. And spoiler alert: it's not because of buying iphones! Yeah, fuck these people for not having proper financial education and a savings account.
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40% of the wealth in the stock market was wiped out over the last few weeks which drastically impacts the upper middle class and rich the most. Negative returns on capital do not promote wealth inequality.
Any good financial manager would have went cash or established a short position. Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. The wealthy have the capital to take advantage of the stock market, but are also insulated from the effects of downturns due to diversified financial investments and cash on hand. R…
The problem is not so much that some rich people are now somewhat less rich. Boo hoo. Let's rephrase that another way though.
A lot of people that previously had the wealth and assets to invest in new businesses, grow existing businesses, create jobs and fund the development of new technology now don't. These are the primary ways wealth is actually used, and now there is less of it around to do those things. So a lot less of those things are going to happen now. If you either work for a company that pays you, or have customers that buy your stuff, this is a bad thing to happen. Companies will have less to pay you with, and customers will have less money to buy stuff with because the same applies to them too.
Glad to see this from Amazon, although I see it heading off the inevitable. Wouldn't this be the most powerful moment for employees in 'essential' services to engage in worker strikes? Is there any legal precedent for what governments would do? With all this war rhetoric thrown around, it seems a reasonable jump to declare essential workers troops on the frontline deserving of what we give other troops (free health c…
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Nope. The dollar is so strong that other countries are trying really hard to get as much USD as possible. This means that liquidity is drying up and there is a shortage of dollars world-wide. This is deflationary right until we see the banking sector collapse.
That's one factor, I'd argue it is caused by the $12 trillon is usd denominated debt, and due to the economic situation, no cashflow to pay it. But the Fed has been ramping up printing presses, creating a tug of war. How long before the latter overtakes the former? The Fed just expanded repo to $1 trillion per day: https://m.theepochtimes.com/fed-expands-repo-to-1-trillion-p...
Checkout currency trading right now - the USD is surging compared to every other world currency. That's because demand for USD is extremely high world wide.
Glad to see this from Amazon, although I see it heading off the inevitable. Wouldn't this be the most powerful moment for employees in 'essential' services to engage in worker strikes? Is there any legal precedent for what governments would do? With all this war rhetoric thrown around, it seems a reasonable jump to declare essential workers troops on the frontline deserving of what we give other troops (free health c…
As Calvin Coolidge said "there is no right to strike against the public safety." People can organize all they want, but they can't conspire to harm people, holding lives up as not-that-metaphorical hostages in a negotiation. It's the idea of yelling fire in a crowded theater. Putting people's lives in danger for literal personal profit would be a sure-fire way to turn people against unionization.
Performing a strike to achieve a goal for public safety, such as, when the government of a city decided, against public opinion, not to close the border even when bordering a large country with lots of infected patients, some essential workers decided to go on strike to demand the close of the border?
Even more interestingly, if the essential workers are themselves public safety workers, hence their strike would put some people in risks, while hoping for saving more people when the demands are met---real life Trolley problem.
Not hypothetical, I have an actual case in mind.
Earlier quoted context omitted.
40% of the wealth in the stock market was wiped out over the last few weeks which drastically impacts the upper middle class and rich the most. Negative returns on capital do not promote wealth inequality.
Any good financial manager would have went cash or established a short position. Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. The wealthy have the capital to take advantage of the stock market, but are also insulated from the effects of downturns due to diversified financial investments and cash on hand. R…
Japan still hasn't recovered from the 80s. At some point the economy is going to stop growing. A lot of growth is driven by debt which needs to be repaid. A lot of growth is driven by an increasing population which will eventually plateau, and what's worse you have to support those people (healthcare, education, housing) if you don't want them to cost even more money.
At some point the economy isn't going to just keep growing. I have no idea when that will be, but the market doesn't just go up over time as if it's some law of nature.
Earlier quoted context omitted.
Any good financial manager would have went cash or established a short position. Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. The wealthy have the capital to take advantage of the stock market, but are also insulated from the effects of downturns due to diversified financial investments and cash on hand. R…
> Even if you held, as long as you don't realize your losses you will be right back to pre crash levels in 2-3 years, just like in 2008 or any other recession. Japan still hasn't recovered from the 80s. At some point the economy is going to stop growing. A lot of growth is driven by debt which needs to be repaid. A lot of growth is driven by an increasing population which will eventually plateau, and what's worse you…
Earlier quoted context omitted.
Wow.. such bubble, much removed from reality. 78% of Americans live paycheck to paycheck. And spoiler alert: it's not because of buying iphones! Yeah, fuck these people for not having proper financial education and a savings account.
I didn't make a value judgement. Don't read into malice that isn't there.
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This is going to have long term lasting effects that further suppress labor rates and further concentrate wealth/capital in the US. It's accelerating a problem we already had.
40% of the wealth in the stock market was wiped out over the last few weeks which drastically impacts the upper middle class and rich the most. Negative returns on capital do not promote wealth inequality.
In the short term, the middle to the bottom lose as well. But since they can't buy back in their piece of the pie falls into the hands of those that can. Like 2007/2008 this will ultimately result in a massive transfer from the Have-less to the Have-more.
For example, small businesses will close and Amazon will pick up that slack. Easily.