A record 4.3 million workers quit their jobs in August

[JSOP]

Are you reading news, a vast majority of the problem is in those trump states where pay to stay was withdrawn. It has got nothing to do with biden or trump. Wage inflation displaces low paying businesses.

Obviously you didn't read my post. Those low-paying jobs are supposed to be staffed by low-paying robotics. WHERE are Biden's initiatives to develop robotics??!!

 

[JSOP]

Many people who been taking many lower wage jobs through the years though have less than favorable education, felons, disabled or live in areas where production does not exist much like Florida. Plus, USA has turned into a service orient than manufacturing before USA started buying foreign made goods when old man Sam Walton died. Those of us old enough should remember his Walmart commercials saying 98% of his stores had American made goods, he died and kids took over and America is in the shithole of life cause we let China become enormously rich on us.

People have to eat and live, you don't want a low paying job, get educated.

Can't believe Walmart turned from 98% American-made goods to 98% foreign-made goods in 29 years!! That 29-year period is exactly the amount of time that China took to go from a 3rd world country to now a 1st world superpower. My gosh, we just handed our entire livelihood to a country that doesn't give a s*** about us except to see our "broken heads and bloodshed". LOL And now we have no backup plan on how to rebuild this economy except to borrow infinitely to build some roads and bridges like back in 1950's while China is building nano biological weapons targeting our race.

Really puts the George Floyd incident (not that the incident should be condoned) into perspective doesn't it?

 

[murray t turtle]

Are you reading news, a vast majority of the problem is in those [Mr] Trump states where pay to stay was withdrawn. It has got nothing to do with biden or [Mr] Trump.

%%
Mr. Trump's Tariffs+Trump vaccine did more harm than the promoting lazy=pay to stay.
But pay to stay maybe a good thing , many lazy will not live to collect social security

 

[Sig]

If the economy is so strong, then why are we pouring in $120B/month in QE, and the Fed fund rate is still near-zero?

With such a RAGING BULL market like this, we should be able to stop the QE and pop Fed fund rates up to the 2% target by EOY, right?

Nope... it's a house of cards, and everyone is afraid to touch it, lest it come crashing down.

Your not wrong, just like the 2017 tax cuts in a roaring economy were a horrible idea.

Two things to consider: One, there is agreement to taper https://www.bloomberg.com/news/arti...aper-starting-in-mid-november-or-mid-december and two, it's dangerous to conflate the market and the economy. They can be two very different things.

 

[xandman]

Can't believe Walmart turned from 98% American-made goods to 98% foreign-made goods in 29 years!! That 29-year period is exactly the amount of time that China took to go from a 3rd world country to now a 1st world superpower. My gosh, we just handed our entire livelihood to a country that doesn't give a s*** about us except to see our "broken heads and bloodshed". LOL And now we have no backup plan on how to rebuild this economy except to borrow infinitely to build some roads and bridges like back in 1950's while China is building nano biological weapons targeting our race.

Really puts the George Floyd incident (not that the incident should be condoned) into perspective doesn't it?

It's not just the US giving away their manufacturing. The Philippines was an emerging market whose manufacturing went from 40% to 16% of the economy in 20 years. And, their per capita is half of China's.

If the US had diversified its manufacturing and supply sources across the world, everyone would have been richer for it and we would not be in the same mess right now.

 

[canada812]

Can't believe Walmart turned from 98% American-made goods to 98% foreign-made goods in 29 years!! That 29-year period is exactly the amount of time that China took to go from a 3rd world country to now a 1st world superpower. My gosh, we just handed our entire livelihood to a country that doesn't give a s*** about us except to see our "broken heads and bloodshed". LOL And now we have no backup plan on how to rebuild this economy except to borrow infinitely to build some roads and bridges like back in 1950's while China is building nano biological weapons targeting our race.

Really puts the George Floyd incident (not that the incident should be condoned) into perspective doesn't it?

Apparently you have never heard about MIT (made-in-Taiwan), or MIM (made-in-Malaysia). A lot of these stuff I bought at Walmart in the 1990s were either MIT or MIM.

 

[canada812]

My wife's cardiologist, who is in his early 50s, just quit this year.

I have been shopping for a primary care physician for sometime as my previous doc moved away, and to my surprise, many physician who are still listed in my issuance are not working anymore.

 

[ipatent]

My wife's cardiologist, who is in his early 50s, just quit this year.

I have been shopping for a primary care physician for sometime as my previous doc moved away, and to my surprise, many physician who are still listed in my issuance are not working anymore.

The stock market has made it possible for high wage earners to retire even earlier. I had to close my firm at age 55, never planned to retire that early but it's five years later and I don't see myself going back to work.

 

[JSOP]

Apparently you have never heard about MIT (made-in-Taiwan), or MIM (made-in-Malaysia). A lot of these stuff I bought at Walmart in the 1990s were either MIT or MIM.

I have. MIT used to be the norm and occasionally MIM until China took over.

 

[JSOP]

It's not just the US giving away their manufacturing. The Philippines was an emerging market whose manufacturing went from 40% to 16% of the economy in 20 years. And, their per capita is half of China's.

If the US had diversified its manufacturing and supply sources across the world, everyone would have been richer for it and we would not be in the same mess right now.

Yes agreed. Just like everything else, we shouldn't have put all of the eggs in one basket and concentrated on using just one supply source. We should've diversified. It only took a deadly pandemic for us to realize that. Amazing!