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Stock market collapsing

 
T-Man
Entitled title

User ID: 47885652
Netherlands
05/18/2022 02:19 PM

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Re: Stock market collapsing
...


Bad news for crypto tards is that all of it combined is worth zero.
 Quoting: Anonymous Coward 47991895


I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table.

Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower.
 Quoting: Lady Jane Smith


Hey Aspie, did the MD give you a new script for your autism and garden variety demons?

banana2


Aspie

lmao
 Quoting: Anonymous Coward 79783212


Don't you need to go wash mommy's hair?
 Quoting: Lady Jane Smith


pigchef why does this suddenly sound like the intro of something
Anonymous Coward
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France
05/18/2022 02:21 PM
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Re: Stock market collapsing
LOW SO FAR IS 31,546
 Quoting: Anonymous Coward 83295475


S&P and NSDQ are down more % wisethan the dow.
PINKORCHID88LET'S GO222

User ID: 83277358
Australia
05/18/2022 02:21 PM

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Re: Stock market collapsing
Planets said today would be volatile.

Next up is WEF 22-26/29th and June 1. eek.
 Quoting: Agent 99


There's obviously a lot of dingle berrys hanging around Uranus.
Warning proceeding to read this may cause anxiety, poster is indemnified if you proceed.

I can't give you the ultimate truth ,it's all a matter of perspective and spin. So I empower you with the gift of discernment.
SEE THE TRUTH , KNOW THE TRUTH, FEEL
THE TRUTH
Anonymous Coward
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Netherlands
05/18/2022 02:21 PM
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Re: Stock market collapsing
people always talk about 2008.
no one i know or hang out with remembers this happening.

probably depended on the sector you work in
 Quoting: T-Man


The 2008 housing debacle was the first swing at reducing liquid fuel demand so escalating energy prices wouldn't wreck the economy. It was years in the making, worked pretty well. Then there was covid, airline woes, pipeline hacks, lumber shortages, etc. All in an effort to reduce liquid fuel demand to keep prices in a range that would keep some semblance of economic activity, so the economy doesn't break beyond repair. Now we have the Russia/Ukraine conflict for the same exact reason. Lockdowns in China...same. Every major news headline has to do with access to energy. And the pie has gotten incredibly small. I don't know if we're on the last slice, but the slice we're competing for is more expensive that it has ever been because the slice is so thin its obvious there isn't enough for everyone to get as much as they want...so prices go up. As they are. I suspect the next big event to curtail liquid fuel demand isn't far off. Maybe another covid lockdown, cyber attack, something. It's coming, watch.
 Quoting: Anonymous Coward 72946100


bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more.
from global warming, lockdowns, shipping issues, travel restrictions etc.
 Quoting: T-Man



Further…this whole mofo is orchestrated. I spent 25 years poking horizontal holes all over America. There is enough natural gas reserves under the Canadian Rockies alone, to run earth for 250 years. nat Gas is more efficient and burns more cleanly. Why has the energy/science/regulatory sector ignored this, and let BS like wind and solar propagate?

I realized this and watched greed based decisions despite knowing better for 20 years. I walked when Obama fed us to OPEC, and now work for an Gen/Trans electrical utility. Here, I learned we BARELY produce enough electricity to keep it together here in the US. The average person has no idea that it will take probably two decades to build the infrastructure necessary to have 100% electric vehicles just in US. Our grid is held together with bailing twine and bubble gum.

It’s gonna be one helluva ride!
Anonymous Coward
User ID: 49598504
United States
05/18/2022 02:22 PM
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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


Great points but one thing to keep in mind - while the minimum wage is still 7.25 - the reality on the street in nearly every corner of the states is its much higher prevailing wages - we hire for multiple roles in 5 states and the lowest wage we pay now is 13.75 for unskilled labor - and that is in a rural location with very low cost of living compared to most other areas. All other locations unskilled is now OVER 15

The point you are making though still stands so I am not negating that - we are about to the point with wage inflation where 15 now was the 7.25 of days gone by
 Quoting: Misfit71



Plenty of jobs still pay minimum wage

But even if what you say is true, then why are Republicans so against raising it?


battleflag
ReefRaider

User ID: 73515443
United States
05/18/2022 02:22 PM

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Re: Stock market collapsing
people always talk about 2008.
no one i know or hang out with remembers this happening.

probably depended on the sector you work in
 Quoting: T-Man


The 2008 housing debacle was the first swing at reducing liquid fuel demand so escalating energy prices wouldn't wreck the economy. It was years in the making, worked pretty well. Then there was covid, airline woes, pipeline hacks, lumber shortages, etc. All in an effort to reduce liquid fuel demand to keep prices in a range that would keep some semblance of economic activity, so the economy doesn't break beyond repair. Now we have the Russia/Ukraine conflict for the same exact reason. Lockdowns in China...same. Every major news headline has to do with access to energy. And the pie has gotten incredibly small. I don't know if we're on the last slice, but the slice we're competing for is more expensive that it has ever been because the slice is so thin its obvious there isn't enough for everyone to get as much as they want...so prices go up. As they are. I suspect the next big event to curtail liquid fuel demand isn't far off. Maybe another covid lockdown, cyber attack, something. It's coming, watch.
 Quoting: Anonymous Coward 72946100


bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more.
from global warming, lockdowns, shipping issues, travel restrictions etc.
 Quoting: T-Man


look up Michael Ruppert and the movie Collapse! Mike was a little off on his timeline but spot on! Everything we are seeing is over a finite amount of fossil fuels that can be extracted from the earth!
yoda
Life's a Beach, then you Dive!
PINKORCHID88LET'S GO222

User ID: 83277358
Australia
05/18/2022 02:23 PM

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Re: Stock market collapsing
...


I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table.

Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower.
 Quoting: Lady Jane Smith


Hey Aspie, did the MD give you a new script for your autism and garden variety demons?

banana2


Aspie

lmao
 Quoting: Anonymous Coward 79783212


Don't you need to go wash mommy's hair?
 Quoting: Lady Jane Smith


pigchef why does this suddenly sound like the intro of something
 Quoting: T-Man


shark

Cue Jaws music theme.
Warning proceeding to read this may cause anxiety, poster is indemnified if you proceed.

I can't give you the ultimate truth ,it's all a matter of perspective and spin. So I empower you with the gift of discernment.
SEE THE TRUTH , KNOW THE TRUTH, FEEL
THE TRUTH
Anonymous Coward
User ID: 83177848
United States
05/18/2022 02:23 PM
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Re: Stock market collapsing
BLOODBATH!
Lady Jane SmithModerator
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05/18/2022 02:24 PM

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Re: Stock market collapsing
Many real estate pundits on Youtube are saying the housing market is going to crash, are they right?

Yes, because the housing bust always follow big stock declines.

With interest rates heading up, housing is getting more expensive in monthly payments, so the price will have to decline, see this chart:

[link to i.imgur.com (secure)]
 Quoting: Anonymous Coward 77998499


People unwise enough to get adjustable rate mortgages will really be feeling some pain, coupled with the increases in property taxes in most places.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Anonymous Coward
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United States
05/18/2022 02:25 PM
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Re: Stock market collapsing
Trust the Science
Anonymous Coward
User ID: 80518909
United States
05/18/2022 02:25 PM
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Re: Stock market collapsing
YTD DJIA -13.08%

More than halfway to -25% recession.
Anonymous Coward
User ID: 82755086
Germany
05/18/2022 02:27 PM
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Re: Stock market collapsing
...


I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table.

Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower.
 Quoting: Lady Jane Smith


Hey Aspie, did the MD give you a new script for your autism and garden variety demons?

banana2


Aspie

lmao
 Quoting: Anonymous Coward 79783212


Don't you need to go wash mommy's hair?
 Quoting: Lady Jane Smith


pigchef why does this suddenly sound like the intro of something
 Quoting: T-Man


Aspie Ariel hf
Anonymous Coward
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United States
05/18/2022 02:27 PM
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Re: Stock market collapsing
We're experiencing a realization about what is valuable. Turns out what's most valuable in a first world monetary based society is EASY access to AFFORDABLE ENERGY. All that stuff in walmart and target is being revalued based on the cost of energy, pricing a portion of the population out of the market for the products and services. It's not an accident. It costs more (energy / money) to extract energy resources from the crust of the Earth than it ever has in history. The easy energy has been extracted. Now, the companies that do the extracting need a price a lot of citizens cannot afford to stay in business. Keep in mind those "profits" they make have to be re-invested in future projects, or flow rates (supply to market) decrease rapidly. That's part of the reason energy has become so expensive. A LOT of investment capital went to projects trying to glorify electrons as an energy source. Investors moved money out of conventional (hydrocarbon) energy into wind mills and solar panels. Now we are seeing the return on those investments. The investment capital for future (todays) production went to "electrify America" projects that don't even provide a fraction of what it takes to run a first world society. So here we are. With an energy supply deficit due to the average investors inability to understand the difference between the energy density of electrons as compared to hydrocarbons. It's like comparing a belt fed machine gun to a water pistol. They're not even in the same category. It is my assertion that the average American is about to decrease their energy utilization by a lot. Whether voluntarily due to concerns for the environment, or due to a lack of available/affordable supply. But that is going to be theme moving forward as best I can tell.
 Quoting: Anonymous Coward 72946100


So peak Oil was right just off by 3 decades. Ok maybe but if that's the case why kill fracking? The consequences of peak Oil are far more devastating than the consequences of the environmental impacts of fracking.
 Quoting: Anonymous Coward 82048685


My husband is a geophysicist, he finds oil for a living. He says there is no such thing as "peak oil."
 Quoting: Alpacalips


There IS a lot of oil in the ground. That's those "reserves" everyone brags about. The problem is FLOW RATES and DEPLETION CURVES. Once a well slows to a certain point, you start losing money. Not only that, but you have to pick up the well, move the buildings, electric, trucks, equipment, etc to the next well, and that costs a LOT of energy in and of itself. As companies have to do that more often, due to extracting the "low hanging fruit" and moving on to the tier 2 deposits, their bottom line gets eaten away by the cost of the transition to the new well head. There will be a lot of energy in the ground FOREVER. Most of it is far too expensive to extract and will stay right where it is. "Peak oil" is a concept that has been used in the industry since its inception. Calling the timing of global peak is a folly, but to say there's no such thing is to not understand the definition. Also, finding oil is not the same activity as getting it out of the ground and to market while still turning a profit and attracting investment in future production.
 Quoting: Anonymous Coward 72946100


Pick up the well?

Move what building?

Uhh seems to me you really are just talking a good game but really ain't in the industry.

How does one pick up a well?
Anonymous Coward
User ID: 80518909
United States
05/18/2022 02:28 PM
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Re: Stock market collapsing
YTD DJIA -13.08%

More than halfway to -25% recession.
 Quoting: Anonymous Coward 80518909


YTD NASDAQ -26.68% = recession.
Anonymous Coward
User ID: 82800280
Netherlands
05/18/2022 02:29 PM
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Re: Stock market collapsing
...


So peak Oil was right just off by 3 decades. Ok maybe but if that's the case why kill fracking? The consequences of peak Oil are far more devastating than the consequences of the environmental impacts of fracking.
 Quoting: Anonymous Coward 82048685


My husband is a geophysicist, he finds oil for a living. He says there is no such thing as "peak oil."
 Quoting: Alpacalips


There IS a lot of oil in the ground. That's those "reserves" everyone brags about. The problem is FLOW RATES and DEPLETION CURVES. Once a well slows to a certain point, you start losing money. Not only that, but you have to pick up the well, move the buildings, electric, trucks, equipment, etc to the next well, and that costs a LOT of energy in and of itself. As companies have to do that more often, due to extracting the "low hanging fruit" and moving on to the tier 2 deposits, their bottom line gets eaten away by the cost of the transition to the new well head. There will be a lot of energy in the ground FOREVER. Most of it is far too expensive to extract and will stay right where it is. "Peak oil" is a concept that has been used in the industry since its inception. Calling the timing of global peak is a folly, but to say there's no such thing is to not understand the definition. Also, finding oil is not the same activity as getting it out of the ground and to market while still turning a profit and attracting investment in future production.
 Quoting: Anonymous Coward 72946100


Pick up the well?

Move what building?

Uhh seems to me you really are just talking a good game but really ain't in the industry.

How does one pick up a well?
 Quoting: Anonymous Coward 79731793


Yeah he’s just talking horseshit. That’s not even close to how it works.
Anonymous Coward
User ID: 77950187
United States
05/18/2022 02:30 PM
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Re: Stock market collapsing
Sell in May and go away
PINKORCHID88LET'S GO222

User ID: 83277358
Australia
05/18/2022 02:31 PM

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Re: Stock market collapsing


Time for a musical interlude.
Warning proceeding to read this may cause anxiety, poster is indemnified if you proceed.

I can't give you the ultimate truth ,it's all a matter of perspective and spin. So I empower you with the gift of discernment.
SEE THE TRUTH , KNOW THE TRUTH, FEEL
THE TRUTH
Vision Thing

User ID: 82977305
United States
05/18/2022 02:32 PM

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Re: Stock market collapsing
i once heard ALL CARS on the planet combined cause less global warming than the 8 biggest container ships.
still all regular car owners are supposed to change, while those ships keep going.
 Quoting: T-Man


I don't know if that's true or not but I heard something similar about water, that in the US only 6% of all water use is domestic.

All the rest is commercial, industrial and agricultural.

So if the entire population cut their water use at home in half, it would only reduce the total water use by 3%.
T-Man
Entitled title

User ID: 47885652
Netherlands
05/18/2022 02:32 PM

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Re: Stock market collapsing
people always talk about 2008.
no one i know or hang out with remembers this happening.

probably depended on the sector you work in
 Quoting: T-Man


The 2008 housing debacle was the first swing at reducing liquid fuel demand so escalating energy prices wouldn't wreck the economy. It was years in the making, worked pretty well. Then there was covid, airline woes, pipeline hacks, lumber shortages, etc. All in an effort to reduce liquid fuel demand to keep prices in a range that would keep some semblance of economic activity, so the economy doesn't break beyond repair. Now we have the Russia/Ukraine conflict for the same exact reason. Lockdowns in China...same. Every major news headline has to do with access to energy. And the pie has gotten incredibly small. I don't know if we're on the last slice, but the slice we're competing for is more expensive that it has ever been because the slice is so thin its obvious there isn't enough for everyone to get as much as they want...so prices go up. As they are. I suspect the next big event to curtail liquid fuel demand isn't far off. Maybe another covid lockdown, cyber attack, something. It's coming, watch.
 Quoting: Anonymous Coward 72946100


bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more.
from global warming, lockdowns, shipping issues, travel restrictions etc.
 Quoting: T-Man


look up Michael Ruppert and the movie Collapse! Mike was a little off on his timeline but spot on! Everything we are seeing is over a finite amount of fossil fuels that can be extracted from the earth!
yoda
 Quoting: ReefRaider


will do!

and heres in case others want to watch it too

T-Man
Entitled title

User ID: 47885652
Netherlands
05/18/2022 02:34 PM

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Re: Stock market collapsing
i once heard ALL CARS on the planet combined cause less global warming than the 8 biggest container ships.
still all regular car owners are supposed to change, while those ships keep going.
 Quoting: T-Man


I don't know if that's true or not but I heard something similar about water, that in the US only 6% of all water use is domestic.

All the rest is commercial, industrial and agricultural.

So if the entire population cut their water use at home in half, it would only reduce the total water use by 3%.
 Quoting: Vision Thing


shady stuff for sure.
Lady Jane SmithModerator
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05/18/2022 02:34 PM

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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


some asked, where is the money?....

there it is, but not for U....
 Quoting: 7..X.LePsihoLog


Who defines what rich is?
 Quoting: Anonymous Coward 75236824


The guy inn the shitty single wide thinks it's the guy in the new double wide.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Anonymous Coward
User ID: 82800280
Netherlands
05/18/2022 02:35 PM
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Re: Stock market collapsing
...


The 2008 housing debacle was the first swing at reducing liquid fuel demand so escalating energy prices wouldn't wreck the economy. It was years in the making, worked pretty well. Then there was covid, airline woes, pipeline hacks, lumber shortages, etc. All in an effort to reduce liquid fuel demand to keep prices in a range that would keep some semblance of economic activity, so the economy doesn't break beyond repair. Now we have the Russia/Ukraine conflict for the same exact reason. Lockdowns in China...same. Every major news headline has to do with access to energy. And the pie has gotten incredibly small. I don't know if we're on the last slice, but the slice we're competing for is more expensive that it has ever been because the slice is so thin its obvious there isn't enough for everyone to get as much as they want...so prices go up. As they are. I suspect the next big event to curtail liquid fuel demand isn't far off. Maybe another covid lockdown, cyber attack, something. It's coming, watch.
 Quoting: Anonymous Coward 72946100


bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more.
from global warming, lockdowns, shipping issues, travel restrictions etc.
 Quoting: T-Man


look up Michael Ruppert and the movie Collapse! Mike was a little off on his timeline but spot on! Everything we are seeing is over a finite amount of fossil fuels that can be extracted from the earth!
yoda
 Quoting: ReefRaider


will do!

and heres in case others want to watch it too


 Quoting: T-Man


Smart guy. I followed him until his bitter end. Sad to see such a smart guy end in suicide. From what I know most of his grief came from the divorce courts.
Anonymous Coward
User ID: 82243466
United States
05/18/2022 02:37 PM
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Re: Stock market collapsing
Walmart dropped like 12% after reporting earning yesterday. Largest retailer in America. Target down 23% after reporting earning this morning. You can’t have a growing economy without consumer spending. These two companies are probably the best indicator of consumer spending. Roughly 70% of our economy is driven by consumers.

[link to finviz.com (secure)]
 Quoting: Anonymous Coward 78985001


If you look at Walmart's steady, high repeat customer base, it's basically "America's poor" hitting their grocery dept.

In the last 3 months alone, Walmart's prices on staples have shot up in some cases higher than the big chain grocery stores.

Like all food mfrs big box outlets work product deals with, they are increasing prices, decreasing content, spending money on snazzy new packaging to fool shoppers.

THe minute their customer base discovered grocery stores/online were equal to Walmart/Target or better, foot and online traffic dropped off.

This is all the "It's better for the planet" propaganda the execs been brainwashed with. Who gave any of these twits a degree in what's better for the planet? Other than WEF.
Misfit71

User ID: 23292756
United States
05/18/2022 02:38 PM
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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


Great points but one thing to keep in mind - while the minimum wage is still 7.25 - the reality on the street in nearly every corner of the states is its much higher prevailing wages - we hire for multiple roles in 5 states and the lowest wage we pay now is 13.75 for unskilled labor - and that is in a rural location with very low cost of living compared to most other areas. All other locations unskilled is now OVER 15

The point you are making though still stands so I am not negating that - we are about to the point with wage inflation where 15 now was the 7.25 of days gone by
 Quoting: Misfit71



Plenty of jobs still pay minimum wage

But even if what you say is true, then why are Republicans so against raising it?


battleflag
 Quoting: Anonymous Coward 49598504


No idea of the location you are using where jobs are still paying minimum wage but absolutely no where I know would ever get staffed at minimum wage - no where - and we work with ADP (largest payroll processor in the US) as well as multiple nationwide staffing agencies - not a single job have I seen in at least last couple years paying minimum wage - we cannot staff fully even at close to and over 15 now

ETA - you can choose a party line - but much like racism and cancer - neither will ever be solved or cured because too much money to be made in division - both parties continue to use this as a talking point - any solution gives them one less point to platform

Last Edited by Misfit71 on 05/18/2022 02:40 PM
Just an earthbound Misfit71, I

"Why be difficult when with a little bit of effort you can be impossible"
7..X.LePsihoLog

User ID: 65381883
Croatia
05/18/2022 02:38 PM
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Re: Stock market collapsing
...


The 2008 housing debacle was the first swing at reducing liquid fuel demand so escalating energy prices wouldn't wreck the economy. It was years in the making, worked pretty well. Then there was covid, airline woes, pipeline hacks, lumber shortages, etc. All in an effort to reduce liquid fuel demand to keep prices in a range that would keep some semblance of economic activity, so the economy doesn't break beyond repair. Now we have the Russia/Ukraine conflict for the same exact reason. Lockdowns in China...same. Every major news headline has to do with access to energy. And the pie has gotten incredibly small. I don't know if we're on the last slice, but the slice we're competing for is more expensive that it has ever been because the slice is so thin its obvious there isn't enough for everyone to get as much as they want...so prices go up. As they are. I suspect the next big event to curtail liquid fuel demand isn't far off. Maybe another covid lockdown, cyber attack, something. It's coming, watch.
 Quoting: Anonymous Coward 72946100


bruh i love you. literally for years ive been saying all of the big things that are happening are all about oil. nothing more.
from global warming, lockdowns, shipping issues, travel restrictions etc.
 Quoting: T-Man


look up Michael Ruppert and the movie Collapse! Mike was a little off on his timeline but spot on! Everything we are seeing is over a finite amount of fossil fuels that can be extracted from the earth!
yoda
 Quoting: ReefRaider


will do!

and heres in case others want to watch it too


 Quoting: T-Man


thnx for doc....
Anonymous Coward
User ID: 83294138
France
05/18/2022 02:39 PM
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Re: Stock market collapsing
See the PPT doesn't pump the markets,

because China is leaving the boat,

no tips for rogue China,

plus the bad economics,

the bleeding won't stop.
Lady Jane SmithModerator
Forum Administrator

05/18/2022 02:40 PM

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Re: Stock market collapsing
...


I underestimated the top and pulled out at $52K. Yep, left some $$$ on the table.

Now, waiting to see where I think the bottom will be to start easing back in. My guess is between $8K-$9K, but if WWIII breaks out, could go lower.
 Quoting: Lady Jane Smith


Hey Aspie, did the MD give you a new script for your autism and garden variety demons?

banana2


Aspie

lmao
 Quoting: Anonymous Coward 79783212


Don't you need to go wash mommy's hair?
 Quoting: Lady Jane Smith


pigchef why does this suddenly sound like the intro of something
 Quoting: T-Man


... because after the shampooing, she wants a Brazilian wax with a happy ending.
Fate whispers to the warrior

"You cannot withstand the storm"

the warrior whispers back

"I am the storm"

INTJ-A

Killer Bunny
Anonymous Coward
User ID: 80078404
United States
05/18/2022 02:41 PM
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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


Great points but one thing to keep in mind - while the minimum wage is still 7.25 - the reality on the street in nearly every corner of the states is its much higher prevailing wages - we hire for multiple roles in 5 states and the lowest wage we pay now is 13.75 for unskilled labor - and that is in a rural location with very low cost of living compared to most other areas. All other locations unskilled is now OVER 15

The point you are making though still stands so I am not negating that - we are about to the point with wage inflation where 15 now was the 7.25 of days gone by
 Quoting: Misfit71



Plenty of jobs still pay minimum wage

But even if what you say is true, then why are Republicans so against raising it?


battleflag
 Quoting: Anonymous Coward 49598504


15$ hour isn't worth it... maybe 17-20???

See where this is going?

The now hiring places throwing your application in the trash cause they aren't really hiring and if they are is the work really worth the money they offer?
Anonymous Coward
User ID: 80078404
United States
05/18/2022 02:41 PM
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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


Great points but one thing to keep in mind - while the minimum wage is still 7.25 - the reality on the street in nearly every corner of the states is its much higher prevailing wages - we hire for multiple roles in 5 states and the lowest wage we pay now is 13.75 for unskilled labor - and that is in a rural location with very low cost of living compared to most other areas. All other locations unskilled is now OVER 15

The point you are making though still stands so I am not negating that - we are about to the point with wage inflation where 15 now was the 7.25 of days gone by
 Quoting: Misfit71



Plenty of jobs still pay minimum wage

But even if what you say is true, then why are Republicans so against raising it?


battleflag
 Quoting: Anonymous Coward 49598504


15$ hour isn't worth it... maybe 17-20???

See where this is going?

The now hiring places throwing your application in the trash cause they aren't really hiring and if they are is the work really worth the money they offer?
7..X.LePsihoLog

User ID: 65381883
Croatia
05/18/2022 02:42 PM
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Re: Stock market collapsing
Wealth of Elon Musk
2012: $2,000,000,000
2022: $273,600,000,000

Wealth of Jeff Bezos
2012: $18,400,000,000
2022: $181,300,000,000

Wealth of Mark Zuckerberg
2012: $17,500,000,000
2022: $76,800,000,000

U.S. Minimum Wage
2012: $7.25
2022: $7.25

Three words: tax the rich.
 Quoting: Anonymous Coward 49598504


some asked, where is the money?....

there it is, but not for U....
 Quoting: 7..X.LePsihoLog


Who defines what rich is?
 Quoting: Anonymous Coward 75236824


The guy inn the shitty single wide thinks it's the guy in the new double wide.
 Quoting: Lady Jane Smith

depends what you see as "rich"....
i observe "things" as do they have a value , but , FOR ME!....





GLP