Thread regarding State Farm Insurance layoffs

@a3 That’s a huge load of cr-p. I could go on, but you’re fully committed to a single narrative that I’m sure permeates every conversation on any topic.

@a5–If the original US minimum wage were adjusted for inflation, it would now be between $13 and $14 per hour. The official rate is now $7.35, BUT less than one half of one percent of workers are making that (almost entirely part time teen workers). 43 states require a higher wage. The effective minimum wage (because it’s what employers are actually paying), is over $15/hr.
The free market is actually working and the Federal minimum wage is irrelevant.
This myth that a family could ever buy a home and live on minimum wage needs to stop.

Assets = Liabilities + Equity. Do we not forget?

What's with the Caps and the (parentheses) ?

Yes it is completely new and you obviously have no idea what you are talking about! Sorry!
Back then we were on the gold standard before Nixon removed it. Not a FIAT currency.
Back then we were the greatest creditor nation until we started becoming the largest debtor nation in 1985. We are now the world's largest debtor nation.
China didn't exist economically until Clinton let them into the world trade organization starting in 2001.
If the minimum wage would have kept up with inflation, the minimum wage would be $66 an hour or $137,280 a year. The average salary in the United States is $45,140.
AI will eliminate 50%+ of all jobs, unlike the industrial revolution or computer age, net new jobs won't be created.
For the most part we were a predominately Christian nation, with common values and norms, (doesn't mean you have to agree with them) now were are a multi-culture disaster tearing apart at the seams.
BRICs nation will replace the dollar with a new reserve currency, petrol dollar will end!
There are a lot of similarities to the time right before the great depression but that took basically took WWII to bring us out of that! Our way of life is coming to and end very very soon folks! Sad but it was fun while it lasted!

@a3 this has been said since the depression. Nothing new.

The only thing you are forgetting is that 80% of all US dollars that have ever existed in the United States were created between 2020-2022. That was the death of America and the middle class. (thank you Biden) I do not agree with or like Trump as he is just blowing smoke about reducing spending. The nail in the coffin was under Biden with plenty to blame before him. We will never recover and everyone/economy is just living on borrowed time. In 5-7 years we will be $52 trillion in debt and the majority of the taxes collected will just cover the interest on the debt. Taxes will get doubled, most people will be unemployed and our society will either separate or fall into a dystopian future..or both. Don't even want to mention what AI is going to do.....Trump is just a side show Bob....temporary distraction before the end. Inevitable!

According to data compiled by the Tax Foundation based on IRS statistics for tax year 2022:
Top 1%: Earners with an Adjusted Gross Income (AGI) of $663,164 or more paid 40.4% of all federal income taxes.
Top 10%: This group paid a total of 72.0% of all federal income taxes.
Top 50%: The wealthiest half of taxpayers paid 97.0% of all federal income taxes.
Bottom 50%: The bottom half of earners, with an AGI under $50,339, paid the remaining 3.0%.

Labor Force Participant Rate is 62 percent.

If we could get more people to go to work and pay taxes, fewer would be on Medicare.

Remember the manifesto of the left:

From each by his ability. That means if you have the ability to work, DO IT!