McDonalds: "What, my peon, you don't work two full time jobs?"

[katmai]

When is the NYC vote?

[derspiess]

Food stamps recipients have doubled in the past 10 years, but even during the boom years (2003-07) they increased by 25%.

Meh, won't have to worry about that as much anymore come Friday.

The 2009 Recovery Act's temporary boost to Supplemental Nutrition Assistance Program (SNAP) benefits is scheduled to end on November 1, 2013, resulting in a benefit cut for every SNAP household.  For families of three, the cut will be $29 a month — a total of $319 for November 2013

Get a better paying job, suckers.

Meh, just wait for the next EBT limits glitch-- then you get to clean out the Walmart food aisles.

[garbon]

When is the NYC vote?

Tomorrow.

[Zanza]

Saw this article and found some of the numbers interesting:

http://america.aljazeera.com/articles/2013/11/4/median-wage-stagnationincomeinequality.html

The median wage — half of workers make more, half less — came to $27,519 last year, virtually unchanged from 2011.

[...]

The average wage, on the other hand, improved last year. It increased to $42,498, up $434, or 1 percent from 2011 after considering inflation. But the average wage remained below its $42,921 peak in 2007

[...]

Had jobs grown since 2000 at the same rate as the population, last year the nation would have had 11 million more people working.

[...]

Pretax profits of all firms in 2012 totaled $1.77 trillion, compared with $800 billion in 2000. That is a gain of 121 percent. During the same period, total real wages grew by just 7 percent, less than the 11.2 percent population increase.

[garbon]

Ugh, someone handing out flyers this evening tried to tell me that tomorrow was a historic moment and I should vote for de Blasio.  What, we have a black president so now we've moved on to saying it is historic to vote for someone with a biracial family?

[DGuller]

That reminds me, I honestly have no idea how to vote on that one. 

I have made up my mind. 

[Ideologue]

You'll vote yes, presumably, as you're not an anti-human monster?

Wait, that's probably not the best way to persuade.  Oh well, I guess I gave that ghost up about six years back.

[CountDeMoney]

You kidding? garbon believes Bloomberg is imbued with the divine right of mayors.  Should be mayor for life.

[Ideologue]

You kidding? garbon believes Bloomberg is imbued with the divine right of mayors.  Should be mayor for life.

I meant Guller and the NJ constitutional amendment.  Garbon won't come back unless Hillary is involved, or his political allies put him in a camp.

[garbon]

You kidding? garbon believes Bloomberg is imbued with the divine right of mayors.  Should be mayor for life.

Garbon won't come back unless Hillary is involved, or his political allies put him in a camp.

I would have vote for Quinn. Unfortunately the democratic electorate decided that she didn't offer enough chocolate milk.

[garbon]

You kidding? garbon believes Bloomberg is imbued with the divine right of mayors.  Should be mayor for life.

[Valmy]

Pretax profits of all firms in 2012 totaled $1.77 trillion, compared with $800 billion in 2000. That is a gain of 121 percent. During the same period, total real wages grew by just 7 percent, less than the 11.2 percent population increase.

This is what I don't get.  We have this massive increase in profits and no hiring?  No increases of wages?  No buying of services that would require hiring and wages in another sector?  Where exactly are these profits going because they sure are not being re-invested anywhere.

It is like money is being siphoned off from the economy and kept in a box.  Trickle-down fail.

[Ideologue]

Pretax profits of all firms in 2012 totaled $1.77 trillion, compared with $800 billion in 2000. That is a gain of 121 percent. During the same period, total real wages grew by just 7 percent, less than the 11.2 percent population increase.

This is what I don't get.  We have this massive increase in profits and no hiring?  No increases of wages?  No buying of services that would require hiring and wages in another sector?  Where exactly are these profits going because they sure are not being re-invested anywhere.

It is like money is being siphoned off from the economy and kept in a box.  Trickle-down fail.

Rich people buy things that don't cost that much in terms of labor and materials to make but are extraordinarily highly valued.  Take for example an Audi R8 vs. a Toyota Camry.  Does the Audi really cost eight times as much to make?  I suspect not.  Same deal with giant houses in expensive places.  My hypothesis is that we're living in an artificially valued economy not based on labor or even capital but upon illusory added value; and that we register growth at all is a failure of our metrics.

[Admiral Yi]

How in the world would valuing goods based on labor and capital result in real values? 

[crazy canuck]

Pretax profits of all firms in 2012 totaled $1.77 trillion, compared with $800 billion in 2000. That is a gain of 121 percent. During the same period, total real wages grew by just 7 percent, less than the 11.2 percent population increase.

This is what I don't get.  We have this massive increase in profits and no hiring?  No increases of wages?  No buying of services that would require hiring and wages in another sector?  Where exactly are these profits going because they sure are not being re-invested anywhere.

It is like money is being siphoned off from the economy and kept in a box.  Trickle-down fail.

Alternatively productivity gains have been made without the need to hire more skilled workers.  Trickle down still fails and poses serious long term issues.