Despite a soaring stock market and record employment, many families are still struggling to make ends meet. Our Managing Partner Penny Pennington joined an Aspen Ideas Festival panel moderated by CNBC's Sharon Epperson to discuss the state of the U.S. economy and trends that could shape the country's economic future. Watch here: https://ow.ly/AWR650SteFZ Photo courtsey of Aspen Institute Public Programs
sorry, employment is not as strong as suggested here. If you don't understand that in less than 4 years the cost of goods has nearly doubled, but salaries didn't increase anywhere close to that. Most I know in the last 3 years have had a total increase of roughly 8 - 9 %. Thats falling behind quickly to the inflation
Most of those job gains are government jobs, and people can have full time jobs that can't stand the 30% increase in prices we've endured to pay for the green bad deal.
All this talk of growth is just folks getting back to work from the releases over the past 4-5 years. That’s simply getting back to even playing field; meanwhile consumer prices have risen 30% and most corporations slashing jobs are seeing record profits all along. It’s not hard to determine who is getting the old shoe up their aese in this scenario…. The average Joe.
It's not record employment. It's record under-employment.
Facts outweigh lies. Fact Autonomous teller machines removed tellers from employment. Fact. tellers were never re-employed, ATMs, were more spread out. This explains people, are out of work more now than ever. Fact. Autopay. Another feature that removed people from the workforce. Ticketmaster and transportation booths. Toll plazas and kiosks. Many people have been replaced with auto-feed machines that take cash or credit cards. Fact, Self checkout. Automated cash registers that also provide change. Self-checkout replaced many workers from the cash register and operations position of employment. Fact. Robotic Arm surgery. Another autonomous feature that has made its way into the medical field, and replaced surgeons. Fact! sensors can now be used for biorhythmic readout. Heart rate, blood pressure, fat content, abnormal health conditions. These sensors have and will replace nurses. Surgical procedures that require robotic arms will replace surgeons. Call bots. and answer bots. The receptionist has dwindled in the workforce, because of machines that both answer and save calls. As well as the messages. The front desk has been replaced with apps for renting rooms and hotel stays.
If the value of a dollar goes down, the price of equities will increase without any change in the value. If wages do not increase, then more people will be required to work to purchase the same level of goods. The stock market and employment are meaningless.
Pay higher wages. The wage suppression has worked and companies take a higher and higher share of the profit
Where is this 'record employment' that you speak of?
The Aspen Ideas series are such a tremendous resource. I enjoyed Aspen Climate down in Miami earlier this year, and now this event is on my radar screen. Way to represent, Penny!
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1wWhen you take away employees and shut down businesses for a few years, then allow them to go back to work or reopen, you can't call it record employment can you? Market HIGH levels of the stock market has always meant that the jobs industry was lagging, for decades that's what it's meant. How are the two now equal to each other, and how is it people still can't afford food and housing?