P!
Will the New York Times suggest w bringing in another 30 million illegals to keep wages down?
“The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.”
And a massive tax increase and hiring disincentive called ObamaCare.
Nice headline. Very creative.
I’ve been doing more of my never ending research on retiring... not going to happen for most people who are self-funded.
That said though... wages aren’t growing because the economy is stuck. The world economy is stuck as well. Gains in the stock market have been largely from stock buy backs because profits went up when people were not hired back and the recovery only was for the corporations for the most part.
NOTHING IS GROWING but insecurity and uncertainty.
I looked back 20 years at my planning assumptions. We were getting 8% on money market stuff... the 4% rule was alive and well. Since 1996 the dot com bubble burst and we had the great recession. Most of the gain since then has just been plowing back. In ten-year periods since 2000... a flat 2% investment beat the stock market most of the time.
The world economy is dead and not growing. Why? It is worse here because of obongo. I get that but why is the world also stagnant?
Can’t imagine why with illegals pouring in across the borders and left and right morons encouraging it.
So I am not alone?
Furloughed for 18 months in 2008/09. No raise since then. Same pay as in 2007.
But at least I have a job. I kiss the ground daily that I have a secure job. We are still in an economic depression, just the government has done a GREAT job of keeping all those plates spinning in the air. When they do finally crash, it is going to be very painful for us all.
Here is hoping they can delay the coming collapse 2 more decades. That is all I need. Just 20 years, then I will be dead and gone.
Thanks to Chump Change Barry.
Huge amounts of both legal and illegal immigration are responsible for this situation. It is working as planned.