Sign Up | Log In
REAL WORLD EVENT DISCUSSIONS
The non-existent Trump economic miracle.
Thursday, October 15, 2020 4:50 PM
1KIKI
Goodbye, kind world (George Monbiot) - In common with all those generations which have contemplated catastrophe, we appear to be incapable of understanding what confronts us.
Friday, October 16, 2020 9:38 AM
SECOND
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two
Quote:Originally posted by 1KIKI: Goodbye Middle Class: Half Of All American Workers Made Less Than $34,248.45 Last Year . . . this may help to explain why we have been seeing so many people fall out of the middle class in recent years.
Friday, October 16, 2020 10:28 AM
REAVERFAN
Friday, October 16, 2020 11:19 AM
Friday, October 16, 2020 11:55 AM
Quote:Originally posted by reaverfan: This is Alex Smith. He died this year at age 26 because he couldn't afford insulin in America.
Friday, October 16, 2020 12:24 PM
CAPTAINCRUNCH
... stay crunchy...
Friday, October 16, 2020 1:05 PM
SIGNYM
I believe in solving problems, not sharing them.
Friday, October 16, 2020 1:30 PM
Quote:Originally posted by SIGNYM: But this has been going on for DECADES. Long before Trump, and even long before Obama. The only thing that happened under Trump is the same thing that happened under Obama, GWB etc: NOTHING. NOTHING happened to reverse the trend. AFA healthcare costs in the USA ... has anyone wondered why they're SO HIGH in the USA, compared to other nations? Yanno, not just that coverage is incomplete, but that it soaks up 18% of our GDP and we STILL have bad healthcare? I certainly have. Solve that conundrum, and you've got the healthcare crisis figured out.
Friday, October 16, 2020 3:00 PM
Friday, October 16, 2020 3:13 PM
Quote:Originally posted by reaverfan: Or, we could just have nationalized free healthcare like every other country in the 1st world.
Friday, October 16, 2020 3:36 PM
JEWELSTAITEFAN
Quote:Originally posted by reaverfan:
Friday, October 16, 2020 3:40 PM
Quote:Originally posted by 1KIKI: Goodbye Middle Class: Half Of All American Workers Made Less Than $34,248.45 Last Year If you are making less than $3,000 a month, you have plenty of company, because about half of the country is in the exact same boat. The Social Security Administration just released new wage statistics for 2019, and they are pretty startling. To me, the most alarming thing in the entire report is the fact that the median yearly wage was just $34,248.45 last year. In other words, half of all American workers made less than $34,248.45 in 2019, and half of all American workers made more than $34,248.45. That isn’t a whole lot of money. In fact, when you divide $34,248.45 by 12 you get just $2,854.05. Needless to say, it is not easy to survive in America today on just $2,854.05 a month, and this may help to explain why we have been seeing so many people fall out of the middle class in recent years. http://theeconomiccollapseblog.com/archives/goodbye-middle-class-half-of-all-american-workers-made-less-than-34248-45-last-year
Friday, October 16, 2020 5:00 PM
Quote:Originally posted by JEWELSTAITEFAN: And he probably voted for Obama, so that he could have his health care taken away.
Friday, October 16, 2020 5:21 PM
Quote:Originally posted by JEWELSTAITEFAN And the release: https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2019 That table shows 169 million wage earners.
Saturday, October 17, 2020 1:35 AM
Quote:Originally posted by reaverfan: Or, we could just have nationalized free healthcare like every other country in the 1st world. https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-medicare-for-all-saves-money
Saturday, October 17, 2020 3:23 AM
Quote:Originally posted by SIGNYM: But this has been going on for DECADES. Long before Trump, and even long before Obama. The only thing that happened under Trump is the same thing that happened under Obama, GWB etc: NOTHING. NOTHING happened to reverse the trend.
Saturday, October 17, 2020 6:46 AM
Quote:Originally posted by 1KIKI: Quote:Originally posted by SIGNYM: But this has been going on for DECADES. Long before Trump, and even long before Obama. The only thing that happened under Trump is the same thing that happened under Obama, GWB etc: NOTHING. NOTHING happened to reverse the trend. That's what I'm saying. I'm not blaming Trump for the impoverishment of the average American. Over all the years and all the politicians, there's certainly plenty of blame to spread around for the fix we're in. I'm just saying he didn't turn it around. Of course, being a domestic issue Trump has very little control over this. So I'm not even criticizing him for it either. I'm just pointing out the pathway between Trump can do no wrong, and Trump can do no right.
Saturday, October 17, 2020 7:30 AM
Saturday, October 17, 2020 9:38 AM
Quote:Originally posted by SIGNYM: Trump CANNOT create an economic miracle. I never expected him to.
Saturday, October 17, 2020 9:41 AM
Quote:Originally posted by SIGNYM: Quote:Originally posted by reaverfan: Or, we could just have nationalized free healthcare like every other country in the 1st world. https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-medicare-for-all-saves-money But that's not true. "every other country" does NOT have nationalized free healthcare. Canada has single payer, where the government cuts out the insurers and pays (private) healthcare providers directly. France's medical workers, OTOH, are a mixture of public (working for government) and private (paid by government). Public insurance is available to all, as is private insurance, but whether you choose public or private insurance, you MUST have insurance. It is mandatory. Australia, too, has a mixture of public/private healthcare, paid for by government, but because public healthcare is more cost-effective the private entities are being swamped out. In Britain, healthcare is funded by taxes, not insurance, and healthcare providers work directly for the government. That is the only truly "nationalized" healthcare system that I know of. Germany has a system of what is called "Multipayer" system which includes both public and private insurers. What seems like a simple statement of fact is not so simple after all. ----------- Pity would be no more, If we did not MAKE men poor - William Blake #WEARAMASK
Saturday, October 17, 2020 11:16 AM
Quote:REAVERBOT: Or, we could just have nationalized free healthcare like every other country in the 1st world. https://thehill.com/blogs/congress-blog/healthcare/484301-22-studies-agree-medicare-for-all-saves-money SIGNY: But that's not true. "every other country" does NOT have nationalized free healthcare. Canada has single payer, where the government cuts out the insurers and pays (private) healthcare providers directly. France's medical workers, OTOH, are a mixture of public (working for government) and private (paid by government). Public insurance is available to all, as is private insurance, but whether you choose public or private insurance, you MUST have insurance. It is mandatory. Australia, too, has a mixture of public/private healthcare, paid for by government, but because public healthcare is more cost-effective the private entities are being swamped out. In Britain, healthcare is funded by taxes, not insurance, and healthcare providers work directly for the government. That is the only truly "nationalized" healthcare system that I know of. Germany has a system of what is called "Multipayer" system which includes both public and private insurers. What seems like a simple statement of fact is not so simple after all. REAVERBOT: You have it in Russia. Right, comrade?
Saturday, October 17, 2020 11:22 AM
Quote:SIGNY: Trump CANNOT create an economic miracle. I never expected him to. SECONDRATE: Signym, you might want to look closer at the economic miracle of WWII. That President's miracle was putting to work 16,112,566 Americans in the United States Armed Forces. Those Americans had active purposes and real goals to accomplish. In sharp contrast, Trump's miracle was to pay 30,000,000 Americans with no purpose other than waste time and do nothing until Covid-19 miraculously went away. To do more would have required government planning, but Trump doesn't know how to plan. www.cbpp.org/research/federal-budget/cares-act-measures-strengthening-unemployment-insurance-should-continue
Saturday, October 17, 2020 1:03 PM
Quote:Originally posted by SIGNYM: Quote:Originally posted by 1KIKI: Quote:Originally posted by SIGNYM: But this has been going on for DECADES. Long before Trump, and even long before Obama. The only thing that happened under Trump is the same thing that happened under Obama, GWB etc: NOTHING. NOTHING happened to reverse the trend. That's what I'm saying. I'm not blaming Trump for the impoverishment of the average American. Over all the years and all the politicians, there's certainly plenty of blame to spread around for the fix we're in. I'm just saying he didn't turn it around. Of course, being a domestic issue Trump has very little control over this. So I'm not even criticizing him for it either. I'm just pointing out the pathway between Trump can do no wrong, and Trump can do no right. Trump CANNOT create an economic miracle. I never expected him to. Many Presidents, starting with Nixon and all the way thru Bush1, Clinton, Bush2 and Obama worked MIGHTY HARD to help industry offshore manufacturing jobs and convert the USA into a "financialist" center. How can a President, over the course of four years, reverse decades of economoc treason? Seriously, what would it take to bring even 100,000 manuacturing jobs back to the USA? Well, you can start by imposing tariffs on incoming goods to make "made in America" more cost competitive, and you can repatriate overseas money to come home by making USA corporate taxes more in line with international ones (like Ireland) but unless you can FORCE a company to .... say ... use that money to build a steel plant or a chemical plant or a cotton mill or aluminum refiner ... they will take all that extra" money and use it to buy back stock. This isn't a case of Trump, or any President, or even Congress not having the authority to do that, it would be stepping into a whole new world of nationalization, where you would have state-owned (or at least government-financed or government-mandated) enterprises, like China and its SOEs. I think this is the conundrum FDR faced, because infrastructural spending goes only so far to stimulate the economy. Once you've paved the roads and electrified rural America and built railways and giant dams.... unless you have a thriving PRODUCTIVE economy, the roads and railways will be empty and the electricity will be unused. But then, there was the war and all of the sudden the govenment needed millions of tons of steel and copper and cotton and butter, and the actual PRODUCTIVE economy came to life because the government ordered it so. So a President and a willing Congress would have to invoke something like a war measures act ... hopefully without an actual shooting war ... to mandate a production restart. And BTW you should forget about the USA "competing' on the world stage, elbowing aside such cheap-labor environmental miscreants like China and India. USA goods will always be non-competitive against those nations if we want to have a decent stadard of living at home, so the best we can hope for is self reliance. Of course, transational capitalists would be unsatisfied with not making "maximal" profit (whch they can do overseas) so this is where the heavy hand of government comes in. I don't see any way around nationaliation of major industries ... or at least direct government loans for production restart ... for that economic miracle to happen. If you can think of another way, let me know.
Saturday, October 17, 2020 1:16 PM
Quote:SIGNY: But this has been going on for DECADES. Long before Trump, and even long before Obama. The only thing that happened under Trump is the same thing that happened under Obama, GWB etc: NOTHING. NOTHING happened to reverse the trend. KII: That's what I'm saying. I'm not blaming Trump for the impoverishment of the average American. Over all the years and all the politicians, there's certainly plenty of blame to spread around for the fix we're in. I'm just saying he didn't turn it around. Of course, being a domestic issue Trump has very little control over this. So I'm not even criticizing him for it either. I'm just pointing out the pathway between Trump can do no wrong, and Trump can do no right.
Quote: SIGNY: Trump CANNOT create an economic miracle. I never expected him to. Many Presidents, starting with Nixon and all the way thru Bush1, Clinton, Bush2 and Obama worked MIGHTY HARD to help industry offshore manufacturing jobs and convert the USA into a "financialist" center. How can a President, over the course of four years, reverse decades of economoc treason? Seriously, what would it take to bring even 100,000 manuacturing jobs back to the USA? Well, you can start by imposing tariffs on incoming goods to make "made in America" more cost competitive, and you can repatriate overseas money to come home by making USA corporate taxes more in line with international ones (like Ireland) but unless you can FORCE a company to .... say ... use that money to build a steel plant or a chemical plant or a cotton mill or aluminum refiner ... they will take all that extra" money and use it to buy back stock. This isn't a case of Trump, or any President, or even Congress not having the authority to do that, it would be stepping into a whole new world of nationalization, where you would have state-owned (or at least government-financed or government-mandated) enterprises, like China and its SOEs. I think this is the conundrum FDR faced, because infrastructural spending goes only so far to stimulate the economy. Once you've paved the roads and electrified rural America and built railways and giant dams.... unless you have a thriving PRODUCTIVE economy, the roads and railways will be empty and the electricity will be unused. But then, there was the war and all of the sudden the govenment needed millions of tons of steel and copper and cotton and butter, and the actual PRODUCTIVE economy came to life because the government ordered it so. So a President and a willing Congress would have to invoke something like a war measures act ... hopefully without an actual shooting war ... to mandate a production restart. And BTW you should forget about the USA "competing' on the world stage, elbowing aside such cheap-labor environmental miscreants like China and India. USA goods will always be non-competitive against those nations if we want to have a decent stadard of living at home, so the best we can hope for is self reliance. Of course, transational capitalists would be unsatisfied with not making "maximal" profit (whch they can do overseas) so this is where the heavy hand of government comes in. I don't see any way around nationaliation of major industries ... or at least direct government loans for production restart ... for that economic miracle to happen. If you can think of another way, let me know.
Saturday, October 17, 2020 1:48 PM
Saturday, October 17, 2020 2:51 PM
Quote:Originally posted by SIGNYM: Quote:SIGNY: Trump CANNOT create an economic miracle. I never expected him to. SECONDRATE: Signym, you might want to look closer at the economic miracle of WWII. That President's miracle was putting to work 16,112,566 Americans in the United States Armed Forces. Those Americans had active purposes and real goals to accomplish. In sharp contrast, Trump's miracle was to pay 30,000,000 Americans with no purpose other than waste time and do nothing until Covid-19 miraculously went away. To do more would have required government planning, but Trump doesn't know how to plan. www.cbpp.org/research/federal-budget/cares-act-measures-strengthening-unemployment-insurance-should-continue It sounds like you want Trump to start a war. Do you?
Saturday, October 17, 2020 3:16 PM
Quote:Originally posted by SIGNYM: You get your ass handed to you by making a stupid statement, and your only response is more stupidity? God, you're stupid. Every fucking post. Pure stupid.
Saturday, October 17, 2020 4:14 PM
Quote:Originally posted by reaverfan: Quote:Originally posted by SIGNYM: You get your ass handed to you by making a stupid statement, and your only response is more stupidity? God, you're stupid. Every fucking post. Pure stupid. You lost. If you had the maturity of an adult, you'd be able to admit that, but like your idol Trump, you're just a screaming man-child with no conscience or morals. I don't imagine you make a lot as a paid Russian troll. Stupid, amoral, AND a broke-ass bitch.
Saturday, October 17, 2020 4:37 PM
Monday, October 19, 2020 6:05 PM
Quote:Originally posted by 1KIKI: average wage index = AWI (reported as median/ average/ mode(percent of total)) Thanks to the helpful chart I was also able to include the 'mode' measure of central tendency. YR .. ....AWI mean/Increase .. median/ /........mode(percent) 2007 ....25,737.20/ ..000000.. 38,760.95/ .... 2,040.04(16.21) 2008 ....26,514.38/+0,777 .... 39,652.61/ .... 2,030.99(15.82) 2009 ....26,261.29/--0,247 .... 39,054.62/ .... 2,016.31(16.11) 2010 ....26,363.55/+0,102 .... 39,959.30/ .... 2,016.50(16.04) 2011 ....26,965.43/+0,602 .... 41,211.36/ .... 2,019.42(15.56) 2012 ....27,519.10/+0,554 .... 42,498.21/ .... 2,024.79(15.17) 2013 ....28,031.02/+0,512 .... 43,041.39/ .... 2,041.13(14.84) 2014 ....28,851.21/+0,820 .... 44,569.20/ .... 2,066.40(14.27) 2015 ....29,930.13/+1,079 .... 46,119.78/ .... 2,088.66(13.68) 2016 ....30,533.31/+0,603 .... 46,640.94/ .... 2,084.76(13.34) 2017 ....31,561.49/+1,028 .... 48,251.57/ .... 2,094.50(12.96) 2018 ....32,838.05/+1,277 .... 50,000.44/ .... 2,094.19(12.47) 2019 ....34,248.45/+1,410 .... 51,916.27/ .... 2,100.95(11.92) https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2007 https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2008 etc I'm not even seeing a 'relative' economic miracle under Trump.
Wednesday, October 21, 2020 6:29 PM
Thursday, October 22, 2020 1:09 AM
Thursday, October 22, 2020 3:30 AM
Thursday, October 22, 2020 1:28 PM
Quote:Originally posted by 1KIKI: https://byjus.com/maths/mode/ The value occurring most frequently in a set of observations is its mode. In other words, the mode of data is the observation having the highest frequency in a set of data. The value that appears MOST FREQUENTLY in the wage data set from 2007 - 2019 is the yearly wage value ~ $2000 - $2100. Which means those values are the MODE. As I've mentioned many times before, there are 3 measure of central tendency: the mean, the median, and the mode. In a 'normal' distribution, all those values are the same. But in a highly skewed distribution, where there's a hump near one end and a long tail at the other end, both mean and median become less useful if you want to find out where the bulk of your data resides. In the case of wages (not income) the highest frequency of the data is at the very low end. The government formally reports the mean and median, because they look better. It doesn't report the mode because it looks bad, but you can determine it from the data. https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2007 https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2008 etc
Thursday, October 22, 2020 1:39 PM
Quote:Originally posted by SIGNYM: So to get back to the econmic miracle that wasn't ... The same as when we discuss "socialism" or "Fascism" we need some groundrules about definitions. an ECONOMY is people exchanging goods and services. Where you have no production of goods to exchange, you have no economy. FINANCIALISM is "making money on money". Thomas Picketty wrote a whole 600-page book about that: Capital in the 21st Century. In brief, he explains that if "modern" capital can make 6% by lending and speculation instead of 3% thru production, moeny will move to higher-profit financialism and avoid all the headaches of supply chains and labor unrest and environmental regulations and all of the disruptions that production is heir to. What Trump has "accomplished" is exactly what OBAMA "accomplished" ... thanks to the very generous lending and money-printing by THE FED, "asset" prices (stocks), real estate, hedge funds, and bonds have exploded in value. Financialism. But unless the manufacturing economy recovers significantly, there is no "economic miracle" to speak of.
Thursday, October 22, 2020 3:35 PM
Thursday, October 22, 2020 5:21 PM
Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 1KIKI: https://byjus.com/maths/mode/ The value occurring most frequently in a set of observations is its mode. In other words, the mode of data is the observation having the highest frequency in a set of data. The value that appears MOST FREQUENTLY in the wage data set from 2007 - 2019 is the yearly wage value ~ $2000 - $2100. Which means those values are the MODE. As I've mentioned many times before, there are 3 measure of central tendency: the mean, the median, and the mode. In a 'normal' distribution, all those values are the same. But in a highly skewed distribution, where there's a hump near one end and a long tail at the other end, both mean and median become less useful if you want to find out where the bulk of your data resides. In the case of wages (not income) the highest frequency of the data is at the very low end. The government formally reports the mean and median, because they look better. It doesn't report the mode because it looks bad, but you can determine it from the data. https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2007 https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2008 etc You seem to be saying that the most important figure is those making $2,000 per year, or effectively the unemployed - while actually excluding the unemployed. I am missing the concept of why this is a valid focus of data about wage earners or working folk at large.
Thursday, October 22, 2020 7:58 PM
Friday, October 23, 2020 8:13 AM
Quote:Originally posted by 1KIKI: Perhaps you need to re-read the thread title and OP: The non-existent Trump economic miracle. Goodbye Middle Class: Half Of All American Workers Made Less Than $34,248.45 Last Year
Friday, October 23, 2020 10:06 AM
Quote:“The ruling class who manipulate the culture of that society—the beliefs, explanations, perceptions, values, and mores—so that their imposed, ruling-class worldview becomes the accepted cultural norm; the universally valid dominant ideology, which justifies the social, political, and economic status quo as natural and inevitable, perpetual and beneficial for everyone”
Quote:“The ideas of the ruling class are in every epoch the ruling ideas, i.e., the class which is the ruling material force of society, is at the same time its ruling intellectual force.”
Quote:Take away a nation's heritage and they are more easily persuaded.
Friday, October 23, 2020 11:09 AM
Friday, October 23, 2020 11:34 AM
Quote:Originally posted by 1KIKI: "One well known way to increase incomes for people making the least is increasing the minimum wage." Prove it. Find (and reference) the percent of US workers making the minimum wage, adjust the national average to account for an increase to $10, and show it makes a difference larger than the one already found on the tables. QUOTES AND LINKS showing an increased minimum wage will change the lowest rung of the national wage table more than $100/yr - or it didn't happen.
Friday, October 23, 2020 11:36 AM
Quote:Originally posted by SIGNYM: SECOND: Or, Picketty could just have said this Quote:“The ruling class who manipulate the culture of that society—the beliefs, explanations, perceptions, values, and mores—so that their imposed, ruling-class worldview becomes the accepted cultural norm; the universally valid dominant ideology, which justifies the social, political, and economic status quo as natural and inevitable, perpetual and beneficial for everyone” Or this Quote:“The ideas of the ruling class are in every epoch the ruling ideas, i.e., the class which is the ruling material force of society, is at the same time its ruling intellectual force.” or this Quote:Take away a nation's heritage and they are more easily persuaded.
Friday, October 23, 2020 11:44 AM
Quote:I refuse to support in the slightest the assertions I posted and prefer to personally attack instead.
Quote: all you need do is google http://www.fireflyfans.net/mthread.aspx?bid=18&tid=62934&p=28
Friday, October 23, 2020 11:59 AM
Friday, October 23, 2020 12:07 PM
Quote:In 2019, 82.3 million workers age 16 and older in the United States were paid at hourly rates, representing 58.1 percent of all wage and salary workers. Among those paid by the hour, 392,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.2 million had wages below the federal minimum. Together, these 1.6 million workers with wages at or below the federal minimum made up 1.9 percent of all hourly paid workers. https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm
Friday, October 23, 2020 12:18 PM
Quote:Originally posted by 1KIKI: When SECOND claims that increasing the minimum wage will substantially impact the wages of the lowest tier of workers (the mode) this is what he didn't want to post in support: Quote:In 2019, 82.3 million workers age 16 and older in the United States were paid at hourly rates, representing 58.1 percent of all wage and salary workers. Among those paid by the hour, 392,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.2 million had wages below the federal minimum. Together, these 1.6 million workers with wages at or below the federal minimum made up 1.9 percent of all hourly paid workers. https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm Because there are so few workers in that category, if every worker below or at minimum wage were to have their wages raised to $10/hr it would have only a very small percent effect on the US wage structure. SECOND, to quote back to you some snark you posted to me: Quote: all you need do is google http://www.fireflyfans.net/mthread.aspx?bid=18&tid=62934&p=28
Friday, October 23, 2020 3:35 PM
Quote:Originally posted by SignyM: Quote:Originally posted by JEWELSTAITEFAN: Quote:Originally posted by 1KIKI: https://byjus.com/maths/mode/ The value occurring most frequently in a set of observations is its mode. In other words, the mode of data is the observation having the highest frequency in a set of data. The value that appears MOST FREQUENTLY in the wage data set from 2007 - 2019 is the yearly wage value ~ $2000 - $2100. Which means those values are the MODE. As I've mentioned many times before, there are 3 measure of central tendency: the mean, the median, and the mode. In a 'normal' distribution, all those values are the same. But in a highly skewed distribution, where there's a hump near one end and a long tail at the other end, both mean and median become less useful if you want to find out where the bulk of your data resides. In the case of wages (not income) the highest frequency of the data is at the very low end. The government formally reports the mean and median, because they look better. It doesn't report the mode because it looks bad, but you can determine it from the data. https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2007 https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2008 etc You seem to be saying that the most important figure is those making $2,000 per year, or effectively the unemployed - while actually excluding the unemployed. I am missing the concept of why this is a valid focus of data about wage earners or working folk at large. Because that is what THE MOST wage earners make. Here is a problem with the other measures of central tendency: You have ten baseball players sitting on a bench. One of them makes a million dollars, four of them make $10,000, and five make $1,000. What is the average? (Roughly $100,000) What is the median? (About $10,000) But what do MOST of the players earn? $1000. In this case, the average is a completely irrelevant figure, the median only slightly more reflective, but the mode tells you how MOST of the players are faring. That distribution BTW may sound unrealistic, but it's like the USA distribution: it is highly skewed.
Friday, October 23, 2020 5:14 PM
Quote:KIKI - ]In 2019, 82.3 million workers age 16 and older in the United States were paid at hourly rates, representing 58.1 percent of all wage and salary workers. Among those paid by the hour, 392,000 workers earned exactly the prevailing federal minimum wage of $7.25 per hour. About 1.2 million had wages below the federal minimum. Together, these 1.6 million workers with wages at or below the federal minimum made up 1.9 percent of all hourly paid workers. https://www.bls.gov/opub/reports/minimum-wage/2019/home.htm
Quote:SECOND - So is the official GOP position to not raise the minimum wage from $7.25 to $15/hour because there are only 1.6 million who are making exactly $7.25 or less?
Quote:all you need do is google http://www.fireflyfans.net/mthread.aspx?bid=18&tid=62934&p=28
Friday, October 23, 2020 6:00 PM
YOUR OPTIONS
NEW POSTS TODAY
OTHER TOPICS
FFF.NET SOCIAL