Buckeyes_Suck Posted April 17, 2020 Share Posted April 17, 2020 19 minutes ago, BuffaloWeather said: The CPI index goes up and up all the while salaries are stagnant. You cannot use oil as that is tied to futures. First graph we talked about in your other article, salaries increased 11% over inflation. The second graph, here's the same data from EPI. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 1 minute ago, Luke_Mages said: First graph we talked about in your other article, salaries increased 11% over inflation. The second graph, here's the same data from EPI. So you're saying we have more purchasing power vs salaries then we do in the past? That is simply incorrect. https://www.officialdata.org/us/inflation/1799 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 If you're stating there is a direct relationship between rising salaries and prices going up on products I agree. But to what degree would the prices go up vs the increase in someones salary? For instance, if someone who makes 30k a year gets a salary increase to 50k a year post tax that is about a 14k increase in salary. An increase in a grocery bill of $100 per month would still make them be far more comfortable then if they stayed at 30k a year. https://www.stlouisfed.org/on-the-economy/2015/november/relationship-between-wage-growth-inflation Link to comment Share on other sites More sharing options...
DeltaT13 Posted April 17, 2020 Share Posted April 17, 2020 What in the world is going on? Is he calling people to arms. Pretty reckless. 1 3 Link to comment Share on other sites More sharing options...
tim123 Posted April 17, 2020 Share Posted April 17, 2020 Go trump 1 1 1 Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted April 17, 2020 Share Posted April 17, 2020 29 minutes ago, BuffaloWeather said: If you're stating there is a direct relationship between rising salaries and prices going up on products I agree. But to what degree would the prices go up vs the increase in someones salary? It wouldn't be directly linear, because like your example of groceries you wouldn't necessarily buy more of something simply because you were able to. Its the same reason that all of the buying power that 1%ers have doesn't have that much of an effect on inflation. There not buying more of the same stuff than you and I are. I'm not following you on that other site on buying power. To me that just looks like a calculator to show what a $ was worth relatively in any given year since 1799. My argument was that if salaries have grown at a rate of 11% over inflation since 1980 as per your link then buying power has definitely increased, as salaries technically should only keep up with inflation to keep buying power even. 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 3 minutes ago, Luke_Mages said: It wouldn't be directly linear, because like your example of groceries you wouldn't necessarily buy more of something simply because you were able to. Its the same reason that all of the buying power that 1%ers have doesn't have that much of an effect on inflation. There not buying more of the same stuff than you and I are. I'm not following you on that other site on buying power. To me that just looks like a calculator to show what a $ was worth relatively in any given year since 1799. My argument was that if salaries have grown at a rate of 11% over inflation since 1980 as per your link then buying power has definitely increased, as salaries technically should only keep up with inflation to keep buying power even. Busy at work but standard rate of inflation through history is 3% per year, so 11% since 1980 is terrible... unless you mean 11% per year? Which is also incorrect. But that would be awesome. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted April 17, 2020 Share Posted April 17, 2020 2 minutes ago, BuffaloWeather said: Busy at work but standard rate of inflation through history is 3% per year, so 11% since 1980 is terrible... unless you mean 11% per year? Which is also incorrect. But that would be awesome. No your article said "11% over inflation" so the wage is 11% higher today than what it would have been if only raised for inflation. Heres the full quote from this article you posted https://www.epi.org/productivity-pay-gap/. They make it sound like workers pay should have increased at a rate to match productivity when that increase in productivity is due to technology. ?From 1979 to 2018, net productivity rose 69.6 percent, while the hourly pay of typical workers essentially stagnated—increasing only 11.6 percent over 39 years (after adjusting for inflation). This means that although Americans are working more productively than ever, the fruits of their labors have primarily accrued to those at the top and to corporate profits, especially in recent years." 1 Link to comment Share on other sites More sharing options...
cleetussnow Posted April 17, 2020 Share Posted April 17, 2020 57 minutes ago, BuffaloWeather said: DOW back to around 24k...makes no sense. Should be sub 20k If it made sense you could predict the future. 2 Link to comment Share on other sites More sharing options...
cleetussnow Posted April 17, 2020 Share Posted April 17, 2020 46 minutes ago, DeltaT13 said: What in the world is going on? Is he calling people to arms. Pretty reckless. Wtf 1 Link to comment Share on other sites More sharing options...
Syrmax Posted April 17, 2020 Share Posted April 17, 2020 45 minutes ago, DeltaT13 said: What in the world is going on? Is he calling people to arms. Pretty reckless. Looks like (Draft) Dodgin Donnie has hit the crack pipe a lil early for the weekend? Link to comment Share on other sites More sharing options...
Syrmax Posted April 17, 2020 Share Posted April 17, 2020 I'm just gonna leave THIS here. I like Zerohedge but you have to be careful on some of it. Of course I say the same about the mainstream media also... Enjoy and tighten down your tin foil hats! Link to comment Share on other sites More sharing options...
MJO812 Posted April 17, 2020 Share Posted April 17, 2020 Michigan is also going to start to re-open May 1. Link to comment Share on other sites More sharing options...
cleetussnow Posted April 17, 2020 Share Posted April 17, 2020 Cuomo and his alliance of governors has trump by the short and curlys. The national economy won’t open until Cuomos group says so. They control a lot of the economy and also have the most illness of course. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 29 minutes ago, Luke_Mages said: No your article said "11% over inflation" so the wage is 11% higher today than what it would have been if only raised for inflation. Heres the full quote from this article you posted https://www.epi.org/productivity-pay-gap/. They make it sound like workers pay should have increased at a rate to match productivity when that increase in productivity is due to technology. ?From 1979 to 2018, net productivity rose 69.6 percent, while the hourly pay of typical workers essentially stagnated—increasing only 11.6 percent over 39 years (after adjusting for inflation). This means that although Americans are working more productively than ever, the fruits of their labors have primarily accrued to those at the top and to corporate profits, especially in recent years." I like this back and forth, it's helping me learn. It looks like you may be correct. It's tough to use the 80s as that was a pretty bad time for US economics. After doing further research I've come across this. This is the CPI index inflation year over year directly from gov't website. We have been doing a fantastic job controlling inflation since 1990. It looks like we are actually doing pretty well in comparison to the 80s. However the 50s/60s did much better then during the 90s/2000s. 1 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 My bigger issue isn't necessarily wages vs inflation. But the 1% income disparity and it's a direct result of tax breaks for the wealthy and not paying lower income employees what they're worth. 2 Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted April 17, 2020 Share Posted April 17, 2020 Just now, BuffaloWeather said: My bigger issue isn't necessarily wages vs inflation. But the 1% income disparity. Ya I just don't think you're ever going to fix that. Wasn't the tax rate like 95% on the ultra rich at one point to keep them from running away with wealth(and power)? Now I feel its like a necessary evil as you cant simply take all of that cash and put it back into the pool any easy way. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 8 minutes ago, Luke_Mages said: Ya I just don't think you're ever going to fix that. Wasn't the tax rate like 95% on the ultra rich at one point to keep them from running away with wealth(and power)? Now I feel its like a necessary evil as you cant simply take all of that cash and put it back into the pool any easy way. Yep. This is why super pacs are so dangerous. You need their money to win an election. But you cannot raise taxes on the wealthy because then you won't get super pacs and lose. An absolutely vicious cycle. And this is why the 1% control the world. https://www.taxpolicycenter.org/statistics/historical-highest-marginal-income-tax-rates Link to comment Share on other sites More sharing options...
wolfie09 Posted April 17, 2020 Author Share Posted April 17, 2020 42 minutes ago, Syrmax said: I'm just gonna leave THIS here. I like Zerohedge but you have to be careful on some of it. Of course I say the same about the mainstream media also... Enjoy and tighten down your tin foil hats! Well remember this guy you posted? Lol And the job ad out of Wuhan in November.. 1 Link to comment Share on other sites More sharing options...
wolfie09 Posted April 17, 2020 Author Share Posted April 17, 2020 This was the fox news report a couple of days ago.. EXCLUSIVE: There is increasing confidence that the COVID-19 outbreak likely originated in a Wuhan laboratory, though not as a bioweapon but as part of China's attempt to demonstrate that its efforts to identify and combat viruses are equal to or greater than the capabilities of the United States, multiple sources who have been briefed on the details of early actions by China's government and seen relevant materials tell Fox News. This may be the "costliest government cover-up of all time," one of the sources said. The sources believe the initial transmission of the virus – a naturally occurring strain that was being studied there – was bat-to-human and that "patient zero" worked at the laboratory, then went into the population in Wuhan. The “increasing confidence” comes from classified and open-source documents and evidence, the sources said. Fox News has requested to see the evidence directly. Sources emphasized -- as is often the case with intelligence -- that it’s not definitive and should not be characterized as such. Some inside the administration and the intelligence and epidemiological communities are more skeptical, and the investigation is continuing. Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 If we go to war with China, this world as we know it is done. Trump cannot be that dumb can he? 3 Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 Hey Luke we still taking one for the team? Coronavirus patients between the ages of 30 and 39 are the second-highest age group in the city, according to officials. https://patch.com/connecticut/norwalk/norwalk-coronavirus-update-30-year-old-resident-dies Link to comment Share on other sites More sharing options...
BuffaloWeather Posted April 17, 2020 Share Posted April 17, 2020 1025 deaths in NY last 24 hours. Link to comment Share on other sites More sharing options...
MJO812 Posted April 17, 2020 Share Posted April 17, 2020 They added 4k more deaths to the death toll for NY. Link to comment Share on other sites More sharing options...
MJO812 Posted April 17, 2020 Share Posted April 17, 2020 Just now, BuffaloWeather said: 1025 deaths in NY last 24 hours. Something is weird. They did this yesterday but dropped it down to 888. Cuomo showed the number at 650. They should do the death totals and case totals 2 times a day. Link to comment Share on other sites More sharing options...
Buckeyes_Suck Posted April 17, 2020 Share Posted April 17, 2020 Just now, BuffaloWeather said: Hey Luke we still taking one for the team? Coronavirus patients between the ages of 30 and 39 are the second-highest age group in the city, according to officials. https://patch.com/connecticut/norwalk/norwalk-coronavirus-update-30-year-old-resident-dies That's really sad but still way more likely I ditch it riding my motorcycle. Especially since it wont stop snowing. 1 Link to comment Share on other sites More sharing options...
MJO812 Posted April 17, 2020 Share Posted April 17, 2020 2200 deaths already in the U.S. Link to comment Share on other sites More sharing options...
Syrmax Posted April 17, 2020 Share Posted April 17, 2020 24 minutes ago, BuffaloWeather said: If we go to war with China, this world as we know it is done. Trump cannot be that dumb can he? That's a rhetorical question, right? Link to comment Share on other sites More sharing options...
MJO812 Posted April 17, 2020 Share Posted April 17, 2020 20+k cases once again in the U.S Link to comment Share on other sites More sharing options...
wolfie09 Posted April 17, 2020 Author Share Posted April 17, 2020 Sunlight destroys virus quickly, new govt. tests find From Yahoo News: Yahoo News obtained a report showing preliminary results from government lab experiments show that the coronavirus does not survive long in high temperatures and high humidity, and is quickly destroyed by sunlight, providing evidence from controlled tests of what scientists believed — but had not yet proved — to be true. This news offers hope that summertime may offer conditions less hospitable for the virus, though experts caution it will by no means eliminate, or even necessarily decrease, new cases of COVID-19, the disease caused by the coronavirus. The results, however, do add an important piece of knowledge that the White House’s science advisers have been seeking as they scramble to respond to the spreading pandemic. The study found that the risk of “transmission from surfaces outdoors is lower during daylight” and under higher temperature and humidity conditions. “Sunlight destroys the virus quickly,” reads the briefing. While that may provide some good news about the outlook for outdoor activities, the Department of Homeland Security briefing on the results cautions that enclosed areas with low humidity, such as airplane cabins, “may require additional care to minimize risk of transmission.” In a statement to Yahoo News, the DHS declined to answer questions about the findings and strongly cautioned against drawing any conclusions based on unpublished data. 1 Link to comment Share on other sites More sharing options...
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