American job openings outnumber the jobless, first time ever recorded

[spence]

Originally Posted by Jim in CT

(1) wages are rising. Google it. Not as fast as we'd like, but they are rising.

Ok. I'll make sure I choose a right leaning source just to be safe.

Inflation rises at fastest pace in six years...average wages did not rise over the last 12 months, while real average hourly earnings fell 0.1 percent from last year.

http://thehill.com/policy/finance/39...e-in-six-years

[Jim in CT]

Originally Posted by spence

Ok. I'll make sure I choose a right leaning source just to be safe.

Inflation rises at fastest pace in six years...average wages did not rise over the last 12 months, while real average hourly earnings fell 0.1 percent from last year.

http://thehill.com/policy/finance/39...e-in-six-years

I can cite as many sources as you can, to say that wages are up. Neither of us knows, I guess.

What we do know, is that take home wages are up, thanks to the tax cuts.
Posted from my iPhone/Mobile device

[zimmy]

Originally Posted by Jim in CT

What we do know, is that take home wages are up, thanks to the tax cuts.
Posted from my iPhone/Mobile device

Maybe take home wages are up, a tiny bit... That doesn't necessarily equate to people having a net positive in wealth. If everything costs more as a result of the tax cuts, well you can figure out the rest...


"Inflationary pressures from the tax overhaul and fiscal stimulus will be the surprise result in 2018, says Brent Schutte, the chief investment strategist for Northwestern Mutual Wealth Management Company."
http://www.businessinsider.com/tax-r...flation-2018-1

[scottw]

Originally Posted by zimmy

If everything costs more as a result of the tax cuts, well you can figure out the rest...


"Inflationary pressures from the tax overhaul and fiscal stimulus will be the surprise result in 2018, says Brent Schutte, the chief investment strategist for Northwestern Mutual Wealth Management Company."
http://www.businessinsider.com/tax-r...flation-2018-1

but he goes on to say that the inflation we're seeing is lagging from 12-18 months ago....

"Inflation is a lagging indicator," he said about the current inflation levels, which he added are a reflection of 12 to 18 months ago when the global economy was recovering from a weak period of growth caused by a supply-drive oil war"

....the tax cuts just went into effect recently....how are they(tax cuts) causing everything to cost more if things are costing more due to lagging inflation cause by something 12-18 months ago?

[zimmy]

Originally Posted by scottw

but he goes on to say that the inflation we're seeing is lagging from 12-18 months ago....

"Inflation is a lagging indicator," he said about the current inflation levels, which he added are a reflection of 12 to 18 months ago when the global economy was recovering from a weak period of growth caused by a supply-drive oil war"

....the tax cuts just went into effect recently....how are they(tax cuts) causing everything to cost more if things are costing more due to lagging inflation cause by something 12-18 months ago?

You are right, he probably should have said 2019. Though he doesn't claim it is causing inflation now, as you state. In any case, Jim is talking about people have more money now (he use words like "in their pocket; take home wages.") The point is that the tax cuts may cause wage increases immediately (though they haven't very much) and then they may lead to inflation. The result might be everything costs more and people haven't made enough to off set the cost.

[scottw]

Originally Posted by zimmy

You are right, he probably should have said 2019. Though he doesn't claim it is causing inflation now, as you state. In any case, Jim is talking about people have more money now (he use words like "in their pocket; take home wages.") The point is that the tax cuts may cause wage increases immediately (though they haven't very much) and then they may lead to inflation. The result might be everything costs more and people haven't made enough to off set the cost.

"probably, may, might".....

are you assuming wages will never increase?
with all those jobs out there it's a great time to get a second job like we used to do in the old days

[zimmy]

Originally Posted by scottw

"probably, may, might".....

What the h else could accurately be said about something that hasn't happened yet? They are auxiliary verbs and unless you are the moron running things these days you would allow for uncertainty. He just says things like

"I may be wrong, I mean I may stand before you in six months and say, 'Hey I was wrong, I don't know that I'll ever admit that, but I'll find some kind of an excuse."

Of course it is prognostication. It is based on what has happened in the past under similar conditions.

[wdmso]

Minimum Wage Workers in Washington Must Work 93 Hours a Week to Afford a Two-Bedroom Apartment


even in Arkansas, the state with the cheapest housing in the country. One would need to earn $13.84 an hour — about $29,000 a year — to afford a two-bedroom apartment there. The minimum wage in Arkansas is $8.50 an hour.


Massachusetts, where the minimum wage is $11 an hour, ranks as the sixth most expensive state, with a wage of $28.64 needed to afford a two-bedroom apartment ($59,571 a year). And in the Boston-Cambridge-Quincy metropolitan area, nearly five dollars an hour more is needed than the state figure, at $33.46 ($69,600 a year).





Downsizing to a one-bedroom apartment will only help so much.

According to the report, a one-bedroom is affordable for minimum-wage workers in only 22 counties in five states: Arizona, California, Colorado, Oregon and Washington. Those states all set their minimum wages higher than the federal minimum of $7.25.

In Massachusetts, renters would need to make $23.15 an hour to afford a one-bedroom, the report said. In the Boston-Cambridge-Quincy metropolitan area, that rises to $27.33.

Nationally, one would have to earn $17.90 an hour to afford a modest one-bedroom apartment or $22.10 an hour for a two-bedroom rental. That’s based on the common budgeting standard of spending a maximum of 30 percent of income on housing.

The report estimates that renters nationally make an average of $16.88 an hour. That means even those making above minimum wage struggle to afford rent.




The low-wage workforce is projected to grow over the next decade, particularly in service-sector jobs such as personal-care aides and food-preparation workers.

Meanwhile, the Trump administration has tried cutting federal housing subsidies for the lowest-income Americans. As it stands, only 1 in 4 households eligible for federal rent assistance gets any help, the report said. Housing and Urban Development Secretary Ben Carson recently proposed tripling rent for the poorest households and making it easier for housing authorities to impose work requirements on those receiving rent subsidies.

And these are the jobs that are being created Min wage jobs .. it is also where the shortage of workers are ,, shocking