Labor/Economics

News and events of the day
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Motor City
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Re: Labor/Economics

Post by Motor City »

https://twitter.com/BernieSanders/statu ... 6819677191
Stacie Hartman is a Marine veteran and a striking Kellogg’s worker who has worked 62 days in a row, mostly 12 hour days. But that's not enough for the Kellogg's CEO. He wants to ship her job to Mexico where he pays workers $0.97/hour. Support the workers.
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Motor City
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Re: Labor/Economics

Post by Motor City »

Hospitals face shortage of nurses
“You can have all the vents. You can have all the rooms. But it’s the nursing issue that is the problem. That's the real crisis,” said Dr. Kattoo.

On social media staffing agencies are sharing post advertising “Detroit is in need of ICU nurses”.

There are travel nurse positions with a starting pay of $109 an hour.

“Staff nurses are frustrated when they have to work next to a person who makes 3x as much as them doing the same job, the same shift,” said registered nurse, Chelsea Brown.
This is bad employment administration, sweatshop conditions. They size the hospital and staffing on leaving people out of health care but this pandemic shows what it means to have undersized health care systems and a never ending no boundries war and assault on workers.
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ap215
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Re: Labor/Economics

Post by ap215 »

Producer Price Index News Release summary

The Producer Price Index for final demand increased 0.8 percent in November, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.6
percent in each of the 3 prior months. (See table A.) On an unadjusted basis, the final demand
index rose 9.6 percent for the 12 months ended in November, the largest advance since 12-month
data were first calculated in November 2010.

In November, the index for final demand services rose 0.7 percent and prices for final demand
goods increased 1.2 percent.

https://www.bls.gov/news.release/ppi.nr0.htm
Motor City
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Re: Labor/Economics

Post by Motor City »

Price gouging and during our multiple pandemics, covid, mass shootings, under/unemployment, eviction, pet abandonment, suicide, poverty.

https://www.reuters.com/business/meat-p ... omics team

.......Those statements showed a 120% collective jump in their gross profits since the pandemic and a 500% increase in net income, the analysis shows. These companiesrecently announced $1 billion in new dividends and stock buybacks, on top of the more than $3 billion they paid to shareholders since the pandemic began..........
....Profit margins - the spread companies are making over and above their costs - have increased significantly too, belying the argument that companies are just passing along higher labor and supply costs, the analysis said, with gross margins up 50% and net margins up over 300%.

"If rising input costs were driving rising meat prices, those profit margins would be roughly flat, because higher prices would be offset by the higher costs," the analysis said.

Increases in meat prices accounted for 25% of the rise in consumer prices for food consumed at home in November, a big driver in the surge in inflation seen in recent months.

Tyson increased the price of beef "so much — by more than 35% — that they made record profits while actually selling less beef than before," the advisers wrote.......
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Motor City
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Re: Labor/Economics

Post by Motor City »

https://twitter.com/IlhanMN/status/1470475160801189890
This is what happens when the wealthiest country in the world chooses to prioritize billion dollar Pentagon contracts and trillion handouts to corporations over our children’s education.
Local teachers in South Dakota “Dash for Cash” to help their classrooms by fighting over $5,000 in $1 bills while the crowd hoots and hollers.
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Motor City
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Re: Labor/Economics

Post by Motor City »

Tornado-hit factory sued; workers said they couldn't leave
Survivors of a tornado that leveled a Kentucky candle factory, killing eight workers, have filed a lawsuit claiming their employer demonstrated “flagrant indifference” by refusing to allow employees to go home early as the storm approached.

The lawsuit filed in state court late Wednesday accuses the company of violating Kentucky occupational safety and health workplace standards by keeping its staff at work despite the danger of death and injury. The suit seeks compensatory and punitive damages from Mayfield Consumer Products.

“It’s a straightforward claim, exactly what this statute was meant to address,” Amos Jones, a Washington, D.C.-based attorney representing employees, said by phone Thursday......
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Libertas
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Re: Labor/Economics

Post by Libertas »

Glad Bernie is advocating for the Kellogg's workers who are being fucked bad by a company that worked them nearly to death.

But Bernie is the reason trump became president. And I cant ever forget that.
I sigh in your general direction.
Motor City
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Re: Labor/Economics

Post by Motor City »

Libertas wrote: Thu Dec 16, 2021 7:56 pm Glad Bernie is advocating for the Kellogg's workers who are being fucked bad by a company that worked them nearly to death.

But Bernie is the reason trump became president. And I cant ever forget that.
The whole thing here centers on the betrayal of corrupt auto executives and union bargaining in bad faith putting in a 2 tier worker system to split the workers turn them against each other. One side is promised immunity the other is held in limbo forever. The after effects are a brave new slave labor world.
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Motor City
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Re: Labor/Economics

Post by Motor City »

https://www.youtube.com/watch?v=q-ZohstaQdc

RALLY WITH KELLOGG'S WORKERS ON STRIKE (LIVE AT 3PM ET)
END KELLOGG'S GREED: I'm in Battle Creek, Michigan standing with striking workers who are demanding dignity on the job and an end to Kellogg's corporate greed.
Join us LIVE now.
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Motor City
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Re: Labor/Economics

Post by Motor City »

https://www.youtube.com/watch?v=YfRjyBinwU0
Steep increase in rental rates forcing some St. Louisans out of their homes


......In some cases, especially ones in which developers are “flipping” affordable properties to create higher-end units, the rent can double—and that’s not something many people can afford, said Pearson.

“There are so many people from here that are going to be priced out that have families here,” said Pearson. “It's definitely changing the demographics of the city, and it's going to be a long-term impact for sure.”

While rising rent can often force tenants out, Pearson said it’s been a busy year overall when it comes to helping people stay in their homes. Sometimes it’s a parent who must choose between paying rent, going to work, and hiring childcare; some tenants are dealing with landlords who didn’t fully understand the eviction moratorium or other renters protections; many clients are still without work or making less money than pre-pandemic.

“The emotions coming in are always really intense, and that's one of the hardest parts of the job, for sure,” said Pearson.

And even with eviction moratoriums in place, there have been more than 11-thousand eviction filings in St. Louis since March of 2020, according to research by the Princeton University project Eviction Lab.

“It can totally change someone's life for the worse. Simply having an eviction filing on your record can make it incredibly difficult to ever rent again,” said Pearson......

https://www.youtube.com/watch?v=a9i9B4gqA_g
Some Missouri Valley, Iowa, seniors are looking for new homes after an announced increase in rent. New owners point to an expired grant and expanded amenities.
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Glennfs
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Re: Labor/Economics

Post by Glennfs »

https://www.mediaite.com/news/nyt-econo ... ransitory/
Paul Krugman admits he was wrong about Bidenflation being transitory
" I am a socialist " Bernie Sanders
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ProfX
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Re: Labor/Economics

Post by ProfX »

Calling it "Bidenflation" obscures a key reality.

Ya also are kinda distorting that all he's saying is he's less certain about how transitory our current inflation will be. And admitting - may I say this is refreshing from any economist - the causes of inflation are more complex than we might realize, but it still seems to have a lot to do with this thing we call a global pandemic. And its continuing effect on supply and labor shortages.

Inflation has risen around the world, but the U.S. has seen one of the biggest increases
https://www.pewresearch.org/fact-tank/2 ... increases/

At least one thing is clear: A resurgent inflation rate is by no means solely a U.S. concern. A Pew Research Center analysis of data from 46 nations finds that the third-quarter 2021 inflation rate was higher in most of them (39) than in the pre-pandemic third quarter of 2019. In 16 of these countries, including the U.S., the inflation rate was more than 2 percentage points higher last quarter than in the same period of 2019.

[snip][end]

Now yes - I know - the headline said "one of the biggest" - but BTW ours is just slightly above New Zealand's, and significantly below Turkey and Brazil's. (should note that table shows rate of increase, not rate).
Last edited by ProfX on Sat Dec 18, 2021 8:34 am, edited 1 time in total.
"Don't believe every quote attributed to people on the Internet" -- Abraham Lincoln :D
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Sat Dec 18, 2021 7:42 am https://www.mediaite.com/news/nyt-econo ... ransitory/
Paul Krugman admits he was wrong about Bidenflation being transitory
The Mediate article wildly mis-characterizes Krugman's column. You should go read it before you tell us what it said.
Glennfs
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Re: Labor/Economics

Post by Glennfs »

ProfX wrote: Sat Dec 18, 2021 8:05 am Calling it "Bidenflation" obscures a key reality.

Ya also are kinda distorting that all he's saying is he's less certain about how transitory our current inflation will be. And admitting - may I say this is refreshing from any economist - the causes of inflation are more complex than we might realize, but it still seems to have a lot to do with this thing we call a global pandemic. And its continuing effect on supply and labor shortages.

Inflation has risen around the world, but the U.S. has seen one of the biggest increases
https://www.pewresearch.org/fact-tank/2 ... increases/

At least one thing is clear: A resurgent inflation rate is by no means solely a U.S. concern. A Pew Research Center analysis of data from 46 nations finds that the third-quarter 2021 inflation rate was higher in most of them (39) than in the pre-pandemic third quarter of 2019. In 16 of these countries, including the U.S., the inflation rate was more than 2 percentage points higher last quarter than in the same period of 2019.

[snip][end]

Now yes - I know - the headline said "one of the biggest" - but BTW ours is just slightly above New Zealand's, and significantly below Turkey and Brazil's.
https://www.washingtonpost.com/us-polic ... inflation/

Obama's top economic adviser says Biden's economic policy has more to do with political needs than economic needs
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Sat Dec 18, 2021 8:14 am https://www.washingtonpost.com/us-polic ... inflation/

Obama's top economic adviser says Biden's economic policy has more to do with political needs than economic needs
What would you care? What would this prove to you? You hated everything the Obama Administration did, too.
Glennfs
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Re: Labor/Economics

Post by Glennfs »

gounion wrote: Sat Dec 18, 2021 8:18 am What would you care? What would this prove to you? You hated everything the Obama Administration did, too.
So.lets reviewing

If a conservative responds with a conservative source they are wrong because the source is conservative

But when they respond with a liberal source they are still wrong?

That seems somewhat confusing. Oh I get it liberals never disagree with a liberal white house no matter how wrong that white house is
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ProfX
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Re: Labor/Economics

Post by ProfX »

Larry Summers is entitled to his opinion.

He also said at the World Bank that countries in Africa are under polluted, said women are under-represented in science and engineering due to lack of aptitude; he also advised Clinton to de-regulate derivatives (probably a huge cause of the 2008 crash), was censured by faculty at Harvard, had connections to Epstein, ...

oh, and might be a bit pissed Biden passed him over for an admin position, and for chair of the Federal Reserve? That guy?

Yeah, I note his opinion, and decide to weight it very low.
"Don't believe every quote attributed to people on the Internet" -- Abraham Lincoln :D
Glennfs
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Re: Labor/Economics

Post by Glennfs »

ProfX wrote: Sat Dec 18, 2021 8:23 am Larry Summers is entitled to his opinion.

He also said at the World Bank that countries in Africa are under polluted, said women are under-represented in science and engineering due to lack of aptitude; he also advised Clinton to de-regulate derivatives (probably a huge cause of the 2008 crash), was censured by faculty at Harvard, had connections to Epstein, ...

oh, and might be a bit pissed Biden passed him over for an admin position, and for chair of the Federal Reserve? That guy?

Yeah, I note his opinion, and decide to weight it very low.
Or his opinion could be spot on and proved by the nearly 10pct inflation rate we are now experiencing
" I am a socialist " Bernie Sanders
gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Sat Dec 18, 2021 8:25 am Or his opinion could be spot on and proved by the nearly 10pct inflation rate we are now experiencing
Why? You didn't agree with him for eight years. Now you consider him an authority?

And quit fucking lying. Inflation is NOT 10 percent. If you have to lie for a point, than maybe you don't have an argument at all.
Glennfs
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Re: Labor/Economics

Post by Glennfs »

gounion wrote: Sat Dec 18, 2021 8:30 am Why? You didn't agree with him for eight years. Now you consider him an authority?

And quit fucking lying. Inflation is NOT 10 percent. If you have to lie for a point, than maybe you don't have an argument at all.
Nearly 10pct not 10pct
Wholesale prices up 9.6pct

https://www.usnews.com/news/economy/art ... n-november
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ProfX
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Re: Labor/Economics

Post by ProfX »

Glennfs wrote: Sat Dec 18, 2021 8:25 am Or his opinion could be spot on and proved by the nearly 10pct inflation rate we are now experiencing
Actually seems to be between 5.3 and 6.8% depending on who you ask, but that figure is way too high.

Once again, I will only point out, unless Biden's policies are somehow magically affecting the entire world, one needs to deal with the fact that the inflation the U.S. is experiencing is a largely global phenomenon.

Also, it did not magically kick in when the two phys/social infrastructure bills were passed, either - existed long before.
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gounion
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Re: Labor/Economics

Post by gounion »

Glennfs wrote: Sat Dec 18, 2021 8:33 am Nearly 10pct not 10pct
Wholesale prices up 9.6pct

https://www.usnews.com/news/economy/art ... n-november
Your article states prices were at 6.8%. THAT'S the inflation rate. You cherry-picked.
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ProfX
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Re: Labor/Economics

Post by ProfX »

Wholesale prices != prices of all goods and services, which is how inflation is measured. :D
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carmenjonze
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Post by carmenjonze »

Glennfs wrote: Sat Dec 18, 2021 8:14 am https://www.washingtonpost.com/us-polic ... inflation/

Obama's top economic adviser says Biden's economic policy has more to do with political needs than economic needs
The guy from Antiwoke University said that?

Okay.
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carmenjonze
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Re: Labor/Economics

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Glennfs wrote: Sat Dec 18, 2021 8:25 am Or his opinion could be spot on and proved by the nearly 10pct inflation rate we are now experiencing
Glennfs wrote: Sat Dec 18, 2021 8:33 am Nearly 10pct not 10pct
Wholesale prices up 9.6pct

https://www.usnews.com/news/economy/art ... n-november
Glennfs wrote: Sat Dec 18, 2021 7:42 am https://www.mediaite.com/news/nyt-econo ... ransitory/
Paul Krugman admits he was wrong about Bidenflation being transitory
New York Times Pitchbot
@DougJBalloon

Opinion | I grew up in Weimar Germany pushing wheelbarrows full of money to the supermarket. Biden's inflation is worse.

https://twitter.com/DougJBalloon/status ... 8907032584
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:lol: :lol: :lol:
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