I just saw on the boob tube a group of talking heads talking about full employment in Germany, stating that the reason for full employment in Germany is (let me try to get this right) they learned their lesson and are prudent not running up a deficit.
Now I'm going plainly state no one can state that as a fact. What is a fact is that producers have to a product that the consumer is want to purchase and the ability to buy. Now I'm going to state, perhaps looking like a fool that Germany's full employment is short lived, if they are counting on exports she will be court up in the world wide recession just like every other country. Of cause I can be wrong if her major export partner is China.
Tuesday, August 31, 2010
Monday, August 23, 2010
Steve's Barking at the Pizza index
Today I'm yelping at a very boring topic, the inflation of the price of a slice of New York pizza compared to salaries.
I'm going to use 1972 as my standard to start with because that was the first full year that the United States full abandoned gold. I'm going to us cheese pizza as the commodity that I judge wages on because it doesn't change, the ingredients stay the same, flour, water, tomato sauce, cheese and olive oil. If I were to use cars, televisions, or even houses there are so many variations in those products that have happen in those 38 years it would be impossible to compare wages against those products, the cheese pizza has stayed constant.
I have checked a NY times article from January 12,2002 which stated that the cost of a slice of plain cheese pizza was 35cents I have checked my local pizza parlors and the price ranges from 2 dollars to 2.50 using the 2 dollar option the job one has now would have to make 5.8 times the type of job just to stay even.
Now if one uses 2.50 ones job would have 7 times the pay to be even.
Lets say that in 1972 you had a job that payed 7,133 dollars (The mean pay per social security administration) and that job pays 39,652 in 2008 (the mean pay per social security administration).
The 2 dollar pizza means that the job now pays more by about 10%, if the norm is 2.50 then the jobs worth has dropped by 28% which I think is closer to norm.
Now this is just an exercise, it has no meaning just as most economic reasoning has none.
I'm going to use 1972 as my standard to start with because that was the first full year that the United States full abandoned gold. I'm going to us cheese pizza as the commodity that I judge wages on because it doesn't change, the ingredients stay the same, flour, water, tomato sauce, cheese and olive oil. If I were to use cars, televisions, or even houses there are so many variations in those products that have happen in those 38 years it would be impossible to compare wages against those products, the cheese pizza has stayed constant.
I have checked a NY times article from January 12,2002 which stated that the cost of a slice of plain cheese pizza was 35cents I have checked my local pizza parlors and the price ranges from 2 dollars to 2.50 using the 2 dollar option the job one has now would have to make 5.8 times the type of job just to stay even.
Now if one uses 2.50 ones job would have 7 times the pay to be even.
Lets say that in 1972 you had a job that payed 7,133 dollars (The mean pay per social security administration) and that job pays 39,652 in 2008 (the mean pay per social security administration).
The 2 dollar pizza means that the job now pays more by about 10%, if the norm is 2.50 then the jobs worth has dropped by 28% which I think is closer to norm.
Now this is just an exercise, it has no meaning just as most economic reasoning has none.
Thursday, August 19, 2010
Steve's barking at our who does more for the economy?
The question of the day is who has done more is has done a better job The US government or Al-Qaeda?
The answer is quite simple, that terrorist organization. The one that wants top bring this country to it's knees.
The fact of the matter is that the United States has added over 900,000 jobs in the security Field both in the private and the public sector since the attack on 911.
What has our government done? Let me guess, they cower at the thought of government handouts.
Washington is beaming that the car industry only lost 45% of it's factory work force.
A lot of the idiots on the financial news channels that the government should do nothing and that government is the problem. They claim that we have done too much. If we have done too much why do we have such high unemployment. Oh that's right businesses is in the businesses to lose money so they will create jobs so that other businesses can make money.( If that confusing to anybody who just happens to see this blog, just skip over it in your mind).
States are losing money and so the have to lay off workers or try to give their workers less pay. Now if there was a terrorist threat money be damn, the feds would throw good money after bad a it. Employing more people then you could shake a stick at it.
So simply put if the terrorist wanted to bring down this country by economic means, there better off leaving us alone.
The answer is quite simple, that terrorist organization. The one that wants top bring this country to it's knees.
The fact of the matter is that the United States has added over 900,000 jobs in the security Field both in the private and the public sector since the attack on 911.
What has our government done? Let me guess, they cower at the thought of government handouts.
Washington is beaming that the car industry only lost 45% of it's factory work force.
A lot of the idiots on the financial news channels that the government should do nothing and that government is the problem. They claim that we have done too much. If we have done too much why do we have such high unemployment. Oh that's right businesses is in the businesses to lose money so they will create jobs so that other businesses can make money.( If that confusing to anybody who just happens to see this blog, just skip over it in your mind).
States are losing money and so the have to lay off workers or try to give their workers less pay. Now if there was a terrorist threat money be damn, the feds would throw good money after bad a it. Employing more people then you could shake a stick at it.
So simply put if the terrorist wanted to bring down this country by economic means, there better off leaving us alone.
Saturday, August 14, 2010
Steves barking at Prestigious papers
I've been reading articles from prestigious professor from very prestigious universities. There something wrong here, thawt they have been putting out papers that I would have gotten D's or even F's in high school and Pace business school ( which in case you didn't know is now Pace Uuniversity)
I've read reports from the Manhattan institute and Cato Institute, I'm still bewildered how anybody can pay somebody for incomplete work. Even greater the media (for lack of a better work) quotes them as if they are an authority on the garbage they put out. Laziness rules. Long live Laziness.
I've read reports from the Manhattan institute and Cato Institute, I'm still bewildered how anybody can pay somebody for incomplete work. Even greater the media (for lack of a better work) quotes them as if they are an authority on the garbage they put out. Laziness rules. Long live Laziness.
Saturday, August 7, 2010
Steve's barking at this and that.
It's been sometime since I let of steam on this blog.
It's not that things are going well in the world, the fact of the matter things are worse, so I'm telling everyone who just happens to stumble on this blog things are getting stupider and stupider in the real world.
I'm trying to understand the reason by those who are against the mosque near ground zero, are they saying that the group that took out the World Trade Center are trying to build a monument to this tragic act. It's possible but the probability are next to zero.
There are those who believe that if you do nothing the economy will improve. They offer no rhyme or reason why this is true, they claim this that a group of Conservative economist say it's so.
Then you have a group of governors who are believe that it's unconstitutional to force everyone to buy health care. If you take that a step further it should be unconstitutional to force the citizen to buy into a system of health insurance for the aged called medicare. Perhaps it should be unconstitutional to force people to have retirement insurance better known as social security. Why should government force the buying of car insurance for driving your car, isn't that unconditional.
Oh yea since I last posted the oil spill in the Gulf just disappeared. Vanished into thin air, or at least evaporated.
Some guy with a big funny nose is publishing what he believes is the new Pentagon papers.
I can go on and on, but why?
It's not that things are going well in the world, the fact of the matter things are worse, so I'm telling everyone who just happens to stumble on this blog things are getting stupider and stupider in the real world.
I'm trying to understand the reason by those who are against the mosque near ground zero, are they saying that the group that took out the World Trade Center are trying to build a monument to this tragic act. It's possible but the probability are next to zero.
There are those who believe that if you do nothing the economy will improve. They offer no rhyme or reason why this is true, they claim this that a group of Conservative economist say it's so.
Then you have a group of governors who are believe that it's unconstitutional to force everyone to buy health care. If you take that a step further it should be unconstitutional to force the citizen to buy into a system of health insurance for the aged called medicare. Perhaps it should be unconstitutional to force people to have retirement insurance better known as social security. Why should government force the buying of car insurance for driving your car, isn't that unconditional.
Oh yea since I last posted the oil spill in the Gulf just disappeared. Vanished into thin air, or at least evaporated.
Some guy with a big funny nose is publishing what he believes is the new Pentagon papers.
I can go on and on, but why?
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