More spooky headlines about the ending of stimulus....

[S2007S]

In a perfect market, where wages keep pace with inflation and profits, you would be right. But there is nothing perfect about this market where welfare pays more than going to work.

Can't wait for minimum wage to be calculated correctly. What's correctly? Wages that are adjusted for inflation and profits.

The purpose of minimum wage was that people could live on a basic income in a society where goods and services were actually affordable to live on, that was over 50 60 years ago, that doesn't hold true at all today. Wages have never kept up with inflation and its only getting further away as good and services continue to outpace the living minimum wages people still receive here in the US.
Even at $15 an hour you would be barely getting by.....and saving for a house, retirement and at least a little fun relaxation time, just forget about it....its basically impossible to do any of that on $15 an hour.

It would be great for minimum wage to be calculated to its set ways when it was first established, but that will never happen. It took years and years and political nonsense to get to $15. They have no intention of pushing it to the adjustment of inflation anytime soon.

 

[Overnight]

...

It would be great for minimum wage to be calculated to its set ways when it was first established, but that will never happen. It took years and years and political nonsense to get to $15. They have no intention of pushing it to the adjustment of inflation anytime soon.

It begs the question...What should the minimum wage be at a place like McDonald's so someone can afford buying a house 5 years after entering the workforce? I mean, what is reasonable, and what is not?

Oh, wait, there's always the Fed, lending money to the banks, who lend money to you, to buy the house you cannot afford.

And you don't own the house until you pay the bank the interest that they are charging you so they can pay back the fed.

 

[BAT31]

The purpose of minimum wage was that people could live on a basic income in a society where goods and services were actually affordable to live on, that was over 50 60 years ago, that doesn't hold true at all today. Wages have never kept up with inflation and its only getting further away as good and services continue to outpace the living minimum wages people still receive here in the US.
Even at $15 an hour you would be barely getting by.....and saving for a house, retirement and at least a little fun relaxation time, just forget about it....its basically impossible to do any of that on $15 an hour.

It would be great for minimum wage to be calculated to its set ways when it was first established, but that will never happen. It took years and years and political nonsense to get to $15. They have no intention of pushing it to the adjustment of inflation anytime soon.

Alas, that is true.

We have a serious ethics and morality problem, and a dearth of human decency.

Profits are soaring while wages are stagnant. I will never be convinced that a CEO should earn 273 times more than the rank and file. It's absolutely unconscionable for Uber's CEO to live in a 70 million dollar house while his drivers earn scraps. One of the richest men on the planet, Jeff Bezos, is a pathetic human being for the way he works his factory workers and drivers (e.g., drivers have to piss in bottles just to deliver packages at a break-neck pace) and pays them barely enough to pay rent.

 

[maxinger]

nothing spooky about ending of stimulus.

look at NQ price range over the past few years.
2020 ( President Trump era ) is the best of the best year for traders!
the really spooky years were between 2003 to 2006 (President G. Bush era) where the market was very dead.

so we traders should be thankful for the current great price range.
and next few months, price range should be great too.