Not familiar with Canada as much but seems like most things are somewhat similar to here. Looks like a quick search shows decent wage growth for your country just like ours at least recently.
Of course when you compare to like CEO’s over the last 40 years we are talking about something else entirely when discussing wage growth.
That’s the problem, rich assholes who want everything for themselves. My work has some policies against discussing stuff on social media so I will be vague, but the CEO of the company that own the place made over $30 million in 2018 in salary and bonuses. Meanwhile, where I work all sorts of stuff is broken and not properly maintained and they say they don’t have monet in the budget for it. One piece of equipment, which technically we aren’t supposed to operate the kitchen without, was broken and it took about 8 months before they replaced it, at a cost of $10,000. They didn’t have the money for that, but they have 30+ million dollars for the CEO.
A lot of the problems with the economy simply come down to the fact that rich people want to get even richer and they don’t give a damn about anyone else. They wouldn’t have outsourced all the manufacturing to China otherwise, and now even a lot of call centres for cable and phone companies are in India or China just because they can pay people less over there. Capitalism and communism are two paths to the same destination.
It’s not just workers that are getting exploited, look at this shit:
Exactly the same in Australia. We don’t manufacture anymore. We used to have a car making industry gone several years ago when the government stopped subsidies. These businesses switched over in times of war to manufacturing for the military.
Now even our military’s uniforms are made in China. During war we used to manufacture aircraft, guns, ships etc all at Australia. We just don’t have the infrastructure and knowledge base to manufacture anymore, and that puts us at risk if a major military conflict happens.
Could be worse. We elected a guy who said we needed to make America great again and talked about the dangers of China while having his clothing line be made from overseas. I think they started making some of his stuff in America afterwards but if that isn’t the height of hypocrisy I don’t know what is. Americans eat it all up (like all food because we’re all obese) because we ain’t very bright. Half of us think Corona beer is the reason for the virus.
This is why I can’t understand how the Republicans can’t find a better candidate, it’s like that story “The Emperor Wears No Clothes”. Either they are blind or in denial.
I heard Corona is offering 15 million to change the name of the virus to Budlight virus.
I don’t know what’s considered reasonable unemployment in the States, but where I’m from 5% is considered reasonable/manageable. Anything under 5%, (like the 4% you mentioned) is pretty good. Anything over 5% increasingly bad.
US Unemployment Rates:
2007 4.6%
2008 5.8%
2009 9.3%
2010 9.6%
2011 8.9%
2012 8.1%
2013 7.4%
2014 6.2%
2015 5.3%
2016 4.9%
If you are going by GDP, alone and many people do, then I would agree the recession technically lasted 18months -2years of negative growth. I believe GDP is a good indicator but not the entire picture. Unemployment rate, usually indicates an increase/decrease in poverty in the country and the value of the $US also help to provide a broader picture of how much faith the rest of the world has in your economy.
If you look at the value of the American $ over a similar period of time, it shows that(at least from an Australian perspective) the American dollar lost significant value, and only recently has it fully regained the value it had pre GFC.
2009 1 Au $ = approx. US 63c. ie $US is worth more than third more than $AU.
2010 1 Au $ = approx. US 91c
2011 1 Au $ peaked at US $1.10
2012-13 AU$ =US $1
2014 1 AU $= US 90c
2015-2018 1 AU $ = US 75-80 c
2020 1Au $ = US 66c, only now approaching pre GFC levels.
These figures of course represent how well Australia was doing economically in comparison, to the USA, and the lack of faith by global investors in the US economy at the time. Other countries rates in comparison are different too. eg the value of the GBP, and the Euro dropped significantly in comparison to the Australian dollar too over the same period, meaning a loss of faith in these economies as well.
I would actually say I have a pretty decent overview of major global economic trends in recent world history. I don’t claim to be an expert, but I like to keep appraised of what’s going on in the world.
I would say that post Trump, the US economy seems to have regained its former strength. How much of that is down to Trump’s policies I can’t exactly say. Probably some is down to him and some is just based on global trends.
I’m not sure how much has changed structurally globally, to prevent excesses, bad practice and outright corrupt practices from happening again. People have either forgotten, or don’t care, they just want business back to normal ASAP. I don’t think banks or bankers have changed at all.
This is all well and good but I’m telling you as someone who was in the United States during the Great Recession…the vast majority of people didn’t lose jobs. And we were never close to a point where we had significant amounts of average joe Americans looking for work in the fields and other generally “awful” jobs. No way of knowing but I would guess that on the whole the vast majority of those places saw minimal if any changes in the number of applications. People aren’t running out to the middle of nowhere places to work. They aren’t now and they weren’t then. Why would you? And I say that as a kid who grew up in the middle of nowhere.
Was it a great time? Not at all. Were people running off to feedlots and fields to do really hard manual labor? Not at all. The same immigrants who are doing that shit work now did it then as well. And it isn’t because a bunch of white Americans like me really wanted those jobs but just couldn’t get them because some dirt poor person from Mexico had that coveted position already.
Are you joking me? Trump is a far left clown and so is the vast majority of the GOP. Donny spent his adult life praising socialized medicine while donating to Hillary Kamala Rahm Pelosi Schumer Rangel and Kerry. Right wing?
Gets into office, signs record federal government expenditures, record debt, record entitlement outlays, more mommy government managing trade, more gun control than Obama, funds infanticide, raises consumer taxes via tariffs and personal effective rates via reduced deductions, etc. There is NOTHING right wing about Trump.
GET OUTTA’ HERE, @plinnyc88!
How dare you posting facts!
I will give this to Trump though…he is damn good at convincing a large portion of the electorate that he is “Conservative”.
This is well known. The guy is a hypocrite that says what people (his base) want to hear.
The major thing here is the tax cuts. They were regressive, and what one would describe as trickle down (right wing)
What? This isn’t legal anywhere that I’m aware.
I’ll agree on a few of your points. He did effectively raise taxes through tariffs. Gun control hasn’t done a whole lot. It’s more social things like immigration, supreme court justices, stance on gay rights that is far right. Some of this is not what he’s done, but what he’s convinced people his stance on things is.
There were no tax cuts, there were deferred tax increases with interest. Personal effective rates are increased, proven by record low monetary velocity and record high personal receipts.
Gun control he passed Fix NICS in omnibus#1, that was the most gun control since the Brady Act. On 8/5/19 him and his Ruby Ridge murderer AG called for more red flag laws and for big tech to gather information on gun owners.
The two SCOTUS appointees are very in favor of government power outside the Constitution (hell, kavanaugh helped draft the PATRIOT Act) and he’s done nothing to get rid of economic incentive to come here illegally.
Been pretty unreal. He knew exactly what he needed to change into to become a Republican President. And none of them slowed down to consider if he might be a fraud.
My point is that all of these things were marketed and sold to his base as right wing things. I agree the tax cuts were stupid for numerous reasons. What you mentioned, but also that if we need to stimulate the economy when things go bad, we have much less power to do so.
Wither or not they line up with traditional right wing ideology is irrelevant, because this is the new right wing ideology. Same thing with the tea party.
The man is a con artist, always had been. He sold people the trump they wanted, and they ate it up.
Face it. If Trump is such a gigantic lefty he’s fooled a lot more than just conservatives, since the Left has acted like he’s the Devil Incarnate with nonstop acceleration since 2015. Something doesn’t add up.
Oh I know, the Left has a “moral” problem with him. That must be it.
So a thread that was supposed to be informative about Left vs Right and what is going on in American culture and politics has turned into a giant anti-Trump shitposting fest. Could be instructive…
The problem is people are confused about right wing and left wing. Gun control is a DEMOCRAT vs REPUBLICAN issue because of pandering to voters. There is no reason why a right wing leader would have some ideological reason to be against gun control. Reagan, the god of the GOP, was in favor of gun control. No one calls him a leftist. In European countries that have more socialism than we, people can still own guns. Imagine that. You get government healthcare (the commies) and you can own a gun. The issue with Trump isn’t that he is left or right (do we really think he has some ideology that governs his thinking?) but that he is an authoritarian.
Abortion, gun control, gay marriage, etc., really have nothing to do with political ideologies. I mean, a person on the right can’t also be gay? A person on the left can’t like hunting or just going to the range?
So, your complaining that Trump isn’t conservative enough? Would you want him to be?
Sane adult too much to ask for?