REAL WORLD EVENT DISCUSSIONS

Let's Get Real Here: If 50% of Americans are looking for 2nd jobs right now, Inflation Isn't To Blame For That

POSTED BY: 6IXSTRINGJACK
UPDATED: Thursday, November 10, 2022 18:59
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Sunday, October 23, 2022 7:44 AM

6IXSTRINGJACK


BLOOMBERG: Inflation Forces Over Half of Americans to Consider Second Jobs

https://www.bnnbloomberg.ca/inflation-forces-over-half-of-americans-to
-consider-second-jobs-1.1834718



WHAT? If it said 20%, I'd say you're on to something, but 50%? Either you're exaggerating for clickbait, which I wouldn't put past you even though you're a Leftist shill website, or that's just terrible life choices for well over a quarter of working age Americans.

Consider this (And also consider it was written in June of 2020 so prices are higher now):

Report: The average cable bill now exceeds all other household utility bills combined

https://www.allconnect.com/blog/the-average-cable-bill-exceeds-all-oth
er-household-utility-bills-combined


Quote:

The average household cable package is now $217.42 per month.

The average household spends $205.50 per month on all major utilities combined (electricity, gas, water, sewage, garbage).

The average household cable package cost continues to increase year-over-year.
...



That's not even including streaming services...

https://financebuzz.com/streaming-survey


Quote:

One important thing we found in our research was how relatively expensive a cable bill is compared to other utilities for smaller households. The average cable bill stays relatively similar across household sizes, whether it’s one person living in a small apartment or a family of ten living in a large house. This is not true of utilities like electricity or water, with much wider scales for their average bill size depending on household size.

It’s normal for the average consumer to look into ways to save money on things like their electric or water bills through conservation efforts. But what we still don’t hear discussed more frequently is how to cut costs on what is becoming every household’s biggest utility bill. It’s not as if cable is an optional service anymore, with having internet access in the home being almost as important as electricity at this point.



Two takeaways here...

1. Anybody who got into the business of water reclaimation, trash and recycling or providing electricity and natural gas got into the wrong business.

2. If you have even a modicum of restraint, you have yourself a way to save a huge amount of money every year, whether you need to or not.

Comcast's basic internet package 25mbps is $50/mo. without TV. Though they've made it more difficult, it's still worth some frustration and an hour of your year, every year, to get somebody on the phone who will allow you to re-sign up for the new customer plan and a 12 month contract at $20 per month for the basic internet package.

Now you've just saved $197.00 per month, or $2,364 per year. Unless you're a Google Lawyer, you will never make more money in your life than you did in the hour that you decided to get rid of cable TV, go to the basic internet package and get a tech on the phone to give you a 12 month introductory rate.



Similarly...

Americans Spend an Average of $2,375 per Year on Dining and Takeout.

https://www.fool.com/the-ascent/personal-finance/articles/americans-sp
end-an-average-of-2375-per-year-on-dining-and-takeout-6-tips-to-spend-less
/


Yeah. Simple. Don't do that.

A year ago I couldn't have this conversation with you because you were the one working a full time job and raising kids, so who was I to tell you not to eat out all the time and make food at home. But now that you're looking for a second job which is going to keep you away from your family another 20 hours a week while likely making considerably less money per hour than your real job I feel it's time we had a serious talk about it.


How much are you going to make part time?

https://www.ziprecruiter.com/Salaries/Part-Time-Salary-per-Hour

While this article states the AVERAGE part time wage is $14.75 per hour in October of 2022, more realistically you're making anywhere from $9.86 to $14.66 per hour. (With social security/medicare and whatever at least 10% tax bracket you're already in, you're losing at least 17% of that right off the top to the FED, and at least another 3% to 5% of that to the State/Local taxing authorities).

If you cut out just those two things above, you're going to be saving around $4,000 per year (after income taxes). At $10 an hour (no more than $8/hr after taxes), you've just eliminated the need to work 500 additional hours at that shitty, no-benefits, part time job. Even at $15 ($12 after taxes), you've eliminated the need to work that additional 333 hours per year.

And make no mistake. That 2nd job isn't going to be happy working around your main job's hours. ESPECIALLY if your main job doesn't have the same hours every day/week. This is additional stress. The ride between jobs before that ride home is additional stress. The lack of family time is additional stress. The complete elimination of any personal and/or social time is additional stress. That stress is going to add up and take 20 years off of your life.

And we haven't even mentioned the additional gasoline costs built in to having to travel to the 2nd job. Unless it's right on the way home from work or right in your own backyard, now you're making even less money at that job that already didn't pay very well.


And how much additional strain are you putting on family members outside your house by having them watch your kids even more than they already were? I mean, the point to getting this second job is to have more income to buy dumb shit you don't need, isn't it? You're not going to successfully do that if you're paying somebody else to watch your kids while you're working that second job. If they're not being paid as much as you're being paid, they're being screwed.




No. 50% of Americans are NOT looking for a second job, even if they told you they were in a phone interview.


I worked with people who needed two jobs before. They are people who don't have full time employment and have to balance two thankless part time jobs without any health insurance or benefits. And the worst part of that is, the money that they make from these two horrible part time jobs ends up putting them in a tax bracket that keeps them from getting state health insurance, forcing them onto the Obama Government Health Insurance Marketplace where they need to spend thousands of their after tax income to insure themselves, leaving them with very little else to show for all of the hours they spent working and stressing at that second shitty job.



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Sunday, October 23, 2022 8:40 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two


One picture says it all:



Distribution of wealth
https://en.wikipedia.org/wiki/Distribution_of_wealth

Since the poor far outnumber the wealthy, the poor could take the wealth back. I'll leave the details for how that could be done to the poor, who need to practice how to think of practical, not theoretical, solutions to their many economic problems and then energetically execute their solutions.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

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Sunday, October 23, 2022 9:09 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
One picture says it all:

Distribution of wealth
https://en.wikipedia.org/wiki/Distribution_of_wealth

Since the poor far outnumber the wealthy, the poor could take the wealth back. I'll leave the details for how that could be done to the poor, who need to practice how to think of practical, not theoretical, solutions to their many economic problems and then energetically execute their solutions.

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two




That is bad behavior patterns. That is the tragedy of the American Public School System's failure to promote responsible behavior patterns as adults. We can't rely on children learning from their parents any good behaviors because chances are much more likely than not that they got a lot of these bad behaviors from their parents who got away with them in better financial times.

I had the benefit of being destroyed after losing the best job of my life at 21 years old, after I'd abandoned college because I was already making what most kids would have been making in 2000-2001 after getting out of college, with a company that no longer existed and the majority of the senior staff facing prison time (so no references or college education).

I wouldn't have been destroyed if I wasn't paying for $200 outfits, buying all the new tech as it came out, blowing the rest of my money on party and party expenses and not saving more than around $5,000 and paying off my car note. After that, it was 5 bad financial years during the prime of my life which saw my very tiny nest egg depleted and the accumulation of the only credit card debt I had ever held in my life. Lessons were learned. Early.


Inflation is bad right now. There's no doubt about that. But except for the people on that graph that are making poverty wages or below, I do not feel sorry for them.

Well... that's not completely true either though. I can empathize with them. I've been through it before. And I wasn't married with children when it happened either, and although living in my grandmother's basement with the two cats who pissed all over the place wasn't ideal, it beats being foreclosed on and living out on the streets with the kids until the wife split and took the kids with her after she found something better.

These people have no idea how to save. Except for people living in expensive big cities where cost of living is ludicrous, anybody who was making more than $30k per year before Biden* took office should not be worrying about their finances right now. They should be angry that their ability to save much has dwindled or become nonexistent, but even with the high inflation it should not be breaking them or forcing them to consider picking up a second thankless job to buy shit they don't need.

It's time for everybody to learn how to budget and get serious about making the after-tax income they do have available to them work for them.




--------------------------------------------------

Falsus in unum, falsus in omnibus

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Sunday, October 23, 2022 9:47 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 6IXSTRINGJACK:

That is bad behavior patterns. That is the tragedy of the American Public School System's failure to promote responsible behavior patterns as adults. We can't rely on children learning from their parents any good behaviors because chances are much more likely than not that they got a lot of these bad behaviors from their parents who got away with them in better financial times.

I would love to read your explanation of who taught Americans working for Amazon to accept whatever lousy wages will best serve Jeff Bezos wealth building plans. Or, as an alternate, why do Elon Musk employees at Tesla accept whatever lousy wages best serve Elon Musk wealth building plans?

Over at Amazon, Bezos employees can't get a majority to vote for a union, which is the ONLY way to get a raise from a tightwad like Bezos. Who taught Bezos employees to avoid unions?
https://en.wikipedia.org/wiki/Amazon_worker_organization

At Tesla, Elon Musk employees can't get a majority to vote for a union. Again, a union is the ONLY way to get a raise from a tightwad like Musk. Who taught Musk employees to avoid unions?
https://en.wikipedia.org/wiki/Tesla_and_unions

I suspect that employees at Amazon and Tesla taught themselves to passively submit to whatever goddamn greedy whims and schemes are running around in Jeff Bezos' or Elon Musk's minds.

Just to make it clear, 6ix, your solution to greedy rich people refusing to pay their employees a good wage is for the employees to cut back on their expenses until the employees live the impoverished life that Bezos and Musk think is best for their employees. I think the employees should use their unions to change what Bezos and Musk think is best for their employees.

American businesses can afford to pay employees more. Just in case you missed it:

1) A measure of US profit margins has reached its widest since 1950. After-tax profits as a share of gross value added for non-financial corporations, a measure of aggregate profit margins, improved in the second quarter to 15.5% -- the most since 1950 -- from 14% in the first quarter, according to Commerce Department figures published Thursday.
https://www.bloomberg.com/news/articles/2022-08-25/us-corporate-profit
s-soar-taking-margins-to-widest-since-1950


2) Quarterly corporate profits in the U.S. 2012-2022
Published by Statista Research Department, Sep 30, 2022
Corporations in the United States made profits of around 2.87 trillion U.S. dollars in the first quarter of 2022. For comparison, $150 trillion is the total wealth of America, or about $450,000 per person. Person includes children under 18 y.o. and illegal aliens. With two children, you're a millionaire!
https://www.statista.com/statistics/222127/quarterly-corporate-profits
-in-the-us
/
https://www.cnbc.com/2022/03/10/household-wealth-tops-150-trillion-for
-the-first-time-despite-surge-in-debt.html


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at https://www.mediafire.com/two

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Sunday, October 23, 2022 11:06 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:

That is bad behavior patterns. That is the tragedy of the American Public School System's failure to promote responsible behavior patterns as adults. We can't rely on children learning from their parents any good behaviors because chances are much more likely than not that they got a lot of these bad behaviors from their parents who got away with them in better financial times.

I would love to read your explanation of who taught Americans working for Amazon to accept whatever lousy wages will best serve Jeff Bezos wealth building plans. Or, as an alternate, why do Elon Musk employees at Tesla accept whatever lousy wages best serve Elon Musk wealth building plans?



I don't have an explanation for that other than the fact that I myself have opted out of doing so any more. I don't speak for a hive mind.

In the mean time, the average wage of part time jobs have raised considerably in the last two years because of the pandemic and how it was handled. I won't blame higher wages for minimum wage jobs as the only factor for the increase in prices because it isn't, but if you're going to argue that they don't have any effect on them than this isn't going to be an argument worth getting into.

And don't mistake this for me running defense for the multi-billionaire assholes either. I'm certainly not doing that. But until our government guts them and breaks up all of the monopolies, the price of goods will go up when employee pay and benefits go up. That's just the way it is.

Speaking of monopolies, Amazon will be your primary healthcare provider in the next decade or two if you're still around by then.

Google it.

--------------------------------------------------

Falsus in unum, falsus in omnibus

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Sunday, October 23, 2022 11:12 AM

6IXSTRINGJACK


Quote:

Originally posted by second:
Just to make it clear, 6ix, your solution to greedy rich people refusing to pay their employees a good wage is for the employees to cut back on their expenses until the employees live the impoverished life that Bezos and Musk think is best for their employees. I think the employees should use their unions to change what Bezos and Musk think is best for their employees.



NEVER ONCE have I said that. Not in this thread, not in any other thread.

In fact, I show strong support and solidarity with the people who make poverty wages or below.


My point in the OP and the post that came after your initial reply was that many, many, many Americans buy a whole lot of bullshit they don't need and overpay for services that aren't worth what they're being charged. They simply can't find it within them to save a fuckin' dime when times are good, so they're left living paycheck to paycheck when the shit hits the fan when there's no reason to feel sorry for them when that happens no matter how hard they cry about it.

Rarely does an article from the Leftist Media talk about the REAL problems that people who were already facing poverty are facing now that Joe Biden*'s inflation has run amok, and they choose instead to print article after article about how poor College Educated Liberals in 6-figure income homes are whining that they can't make ends meet right now.

Woe is me. Get fucked.

--------------------------------------------------

Falsus in unum, falsus in omnibus

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Thursday, November 10, 2022 6:59 PM

JAYNEZTOWN


Biden overlooked diesel fuel inflation. Why that's extra bad for the economy.

https://www.aol.com/finance/biden-overlooked-diesel-fuel-inflation-201
940680.html


US Inflation Eases in October But Still Near Decades-High

https://www.industryweek.com/the-economy/article/21254556/us-inflation
-eases-in-october-but-still-near-decadeshigh

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