The job market and inflation

Discussion in 'Politics & Current Events' started by superdave, Nov 22, 2021.

  1. song219

    song219 BigSoccer Supporter

    Apr 5, 2004
    La Norte
    Club:
    DC United
    Nat'l Team:
    Vanuatu
    How many food contamination scares have they had over the past decade? To be fair I went more often after at least one incident because the lines were shorter.
     
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  2. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
    We had some Italian guys come in and help commission our bottling line, and they made us Bolognese as best they could from ingredients found at an Italian import store.

    It was, well, amazing.
     
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  3. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    Doctors in Europe are probably looking to apply to chipotle.
     
  4. Dr. Wankler

    Dr. Wankler Member+

    May 2, 2001
    The Electric City
    Club:
    Chicago Fire
    I used to be able to see that yard from my apartment window. When the Illinois Zephyr went by at 6:05, it was time for supper. Unless it was the one or two times a month I'd be on it on my way to my ancestral homelands downstate.
     
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  5. roby

    roby Member+

    SIRLOIN SALOON FC, PITTSFIELD MA
    Feb 27, 2005
    So Cal
    While I was there this long freight train came to a screeching halt near me. The engineer jumped off and ran up to me exclaiming..."where the hell am I?" All of the structures in the yard had been removed for modernization so he was bumfuzzeled. :coffee:
     
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  6. Kazuma

    Kazuma Member+

    Chelsea
    Jul 30, 2007
    Detroit
    Club:
    Chelsea FC
    There's a legit Mexican place near me and Detroit literally has a neighborhood called Mexicantown. That Chipotle I mentioned was the only time I'd stop there because we were traveling.

    Panera is also a shame.
     
  7. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Not by my experience. At least portion size. Well, maybe compared to 7 or 8 years ago, but not recently.

    For me, price has not gone up substantially.

    Depends on where one goes. In Milwaukee, there were a couple I would avoid, and one I would go to over the others. That said, there was not much in the area that compared.

    Here in Boulder it is much better, at least the one I go to (and same for where I went in FL). That said, here in Boulder it can be a miss on occasion, depending on the crew. I'm usually on Saturday as I'm heading home from my shopping, but on the odd week day I've show up there is a definite difference, lower in quality.

    Thing is, there are several fairly good Mexican in the area, but Chipolte is rather convenient.

    And reading on, I agree with Chicago. At least about Chipolte. I've never been much of a Panera eater.
     
  8. ChrisSSBB

    ChrisSSBB Member+

    Jun 22, 2005
    DE
    Nat'l Team:
    United States
    Wage gains for first quarter 2024 were above forecast (1.2% vs 1.0% ) and highest since 2022 and is one of the key metrics the Fed looks at. At same time, consumer confidence level in April slumped to lowest level since July 2022 as inflation and borrowing costs create concerns for people looking forward 6 months.

    This could push Fed rate cuts further back, I suspect.

    https://www.msn.com/en-us/money/mar...k-to-fed-effort-to-tame-inflation/ar-AA1nVyn6
     
  9. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    Is this kind of like 'if we want to protect our water from pollution, we need to control the water protection act'


    "if we’re going to make inflation fighting a priority .. slow down implementation of the Inflation Reduction Act and Infrastructure Act projects — not cancel, but slow — and let’s wrestle this inflation issue to the ground"

     
  10. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
    Yes. Punish the people to rein in inflation, never the wealthy, never the corporations, never the financial institutions.
     
  11. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    As long as it works. [The question is, does it work?]
     
  12. So, when do we introduce AI into the equation?
    AI, the job market and inflation.
     
  13. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
    The point being, even if it does “work”, couldn’t there be a better way?
     
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  14. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    More 'Merica fvck yeah! news

    [Chief economics commentator for The Wall Street Journal.]

    "Despite inflation, pandemic & political discord, America's share of world GDP is highest since 2006."




    But shit, look at the European Union and Japan, our alliance is like Messi playing at Inter Miami.


    [​IMG]
     
  15. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Another reason the right wing Wurlitzer pushes American exceptionalism (the fake kind!) is that it allows their audience to dismiss it when we point out that America is doing well compare to peer nations in this area, but we’re doing badly in this other. So let’s be proud of #1 and reelect those candidates, and let’s see what we can learn to improve #2.

    Im also going to @wantmlsphilly

    Philly it appears the when Democrats are president were more likely to gain relative to peer nations and when Republicans are more likely to lose. What do you think?
     
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  16. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Yeah just for fun I’m gonna spell it out. I think the best comparison would be to the EU and UK. That’s obviously the league the US plays in.

    We lost ground in the portion of the graph that covers Bush.

    We gained ground under Obama with a clear inflection in 2011. Didn’t the ACA go into effect then? Maybe it was a coincidence.

    Under Trump the US continued to gain, albeit more slowly. It wasn’t the US going up it was Europe going down.

    And as has been the case so, so often, Joe Biden, the little engine that could, has performed outstandingly well.

    This suggests that the best system to grow is how the American Democratic Party balances the needs of workers and consumers vs. employers and investors.

    Next best is the European balance.

    Republicans are the worst.

    Now, economic growth can’t be the ONLY metric; if adopting the political system of the Hunger Games meant 4% growth every year in a hard no and all y’all are too. But if you value that you should be voting for Democrats for national office.
     
  17. Kazuma

    Kazuma Member+

    Chelsea
    Jul 30, 2007
    Detroit
    Club:
    Chelsea FC
    I know this wasn't addressed to me. If there is any indication I don't want Republicans in office, I look at my hometown and my home state being under Republican influence of some sort since 1983. Case in point, the roads. John Engler, Michigan's GOP governor for 12 years diverted road funds to other things because reasons. Potholes got so bad that a Republican county executive took a photo of himself standing in a deep hole near a bunch of potholes taunting him.

    All Snyder did was poison a town and sign a Right To Work law (Which was repealed and he bitched about), Then there's the crazed Michigan legislature who tried to strip Whitmer's powers before she came into office.

    [​IMG]
     
  18. Some time ago I saw a vlog on youtube by an American guy, who wanted to make a point about American roads.
    He was driving on a Dutch highway in the evening and pointed at a sign, warning for a bad part of the road ahead (in the planning for repair).
    Then he pointed the camera on that road, while driving and asked "this is bad"?
    The comments were interesting in giving a view on American infrastructure maintenance.
     
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  19. rslfanboy

    rslfanboy Member+

    Jul 24, 2007
    Section 26
  20. Chicago76

    Chicago76 Member+

    Jun 9, 2002
    If we want to look at comps with respect to economics, taxation, spending policy and how benefits are distributed, the list of peer countries is short: Australia, Canada, UK, Japan, S Korea, Germany, Italy, Spain, France and maybe the Netherlands. The spending priorities and revenue policies of France, Spain and Italy are the outliers in the high end, so remove them. We obviously need to control for the demographic and structural realities of each country, but the 6-7 that remain offer pretty good lessons.

    When we look at revenue and expenditures, we’re pretty garbage at raising revenue and we’re really good at spending it in inefficient ways (via public programs or indirectly as in our private medical system). We are also best in class in terms of skimping in areas that create long term structural access limitations that result in bigger problems requiring even more resources down the road (ed, housing, and medical being the big 3). Dems definitely have the best solutions. And what they’d actually put on the table if they weren’t forced to temper things due to political competition is probably the best set of policies we could hope for.

    Our other problem however is the decentralized nature of our government system. People skeptical of government have no issue throwing stones at DC, but the worst cases of either incompetence or corruption (or both) are at the state, county, municipal and school district levels. That and the fiefdoms and resource hoarding those jurisdictions create. DC can create great plans to prioritize areas but if the state or local authorities don’t follow suit, it doesn’t help.

    The Fed could come in and drop 3,000 per head on underserved primary/secondary ed nationally and the Great State of Mizzurah would no doubt alter their ed equivalence spending formula to scrape that 3k away from the intended target of those funds and pass it off as a state tax cut. Then they’d turn around and tell people how bloated the federal government is and that the programs do not work, citing the zero impact the additional ed spending had…because that’s what they do.
     
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  21. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Yeah I was talking about economic growth though. Not government policy as policy, but as a factor in economic growth.
     
  22. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    The economy is good.

    It does make sense that since there are more of them now (17% vs 13%) that they account for a larger share of consumer spending (22% vs 16%)

    Eventually they will die, too bad we do not have a good Inheritance tax to collect on some of the massive transfers of wealth that will occur over the next decades.

     
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  23. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    I would be surprised it is limited to those in their late 60s. Around here, despite the (relatively) high inflation rate, there are an unusually high number of newly purchased cars. And by "around here," I mean Boulder. Heck, my little neighborhood (of about 15 homes) has 5 or 6 new purchases since November.
     
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  24. The Devil's Architect

    Feb 10, 2000
    The American Steppe
    Club:
    Chicago Fire
    Nat'l Team:
    United States
    Can Confim - Since I've moved out of the socialist utopia of tribal government into purely private work, rich folks & corporations are just generally unbothered about the "economy"
     
  25. superdave

    superdave Member+

    Jul 14, 1999
    VB, VA
    Club:
    DC United
    Nat'l Team:
    United States
    Biden needs to find a way to tell this story. The more people know the more likely they are to vote for Biden than Trump. Educating voters is the key to a stress free Tuesday night in November.

    Which means stocking up on Xanax.

    upload_2024-5-15_11-6-11.jpeg
     
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