Comments on: The Land Of The Unsustainable http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/?utm_source=rss&utm_medium=rss&utm_campaign=the-land-of-the-unsustainable Aggressive Yet Responsible Wealth Building For 20-Somethings Thu, 24 May 2012 11:40:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Blake http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/comment-page-1/#comment-4728 Blake Thu, 18 Mar 2010 23:31:55 +0000 http://20smoney.com/?p=1842#comment-4728 It has been proven that extending benefits inflates unemployment number when jobs are available, but this is not the case at the moment. Check out this article. <a href="http://www.politifact.com/truth-o-meter/statements/2009/aug/04/michelle-malkin/michelle-malkin-says-former-clinton-official-says-/" target="_blank">http://www.politifact.com/truth-o-meter/statement...</a> Also, a real fear is that if unemployment benefits are discontinued, more people will try to get SS disability and never get off. It has been proven that extending benefits inflates unemployment number when jobs are available, but this is not the case at the moment. Check out this article.

http://www.politifact.com/truth-o-meter/statement…

Also, a real fear is that if unemployment benefits are discontinued, more people will try to get SS disability and never get off.

]]> By: 20smoney http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/comment-page-1/#comment-4687 20smoney Wed, 17 Mar 2010 18:22:25 +0000 http://20smoney.com/?p=1842#comment-4687 That would make too much sense for DC and be too straight to the point. For an example of NOT getting straight to the point, go listen to Kucinich's speech today when he announced he would be voting for health care. Thanks for the comment. That would make too much sense for DC and be too straight to the point. For an example of NOT getting straight to the point, go listen to Kucinich's speech today when he announced he would be voting for health care. Thanks for the comment.

]]> By: 20smoney http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/comment-page-1/#comment-4677 20smoney Wed, 17 Mar 2010 15:10:18 +0000 http://20smoney.com/?p=1842#comment-4677 Great comments. Interestingly, I think we'll see "job growth" over the next few months with all the Census workers being hired. I think I read that over a million MORE workers are being used for this census compared to 2000. So the surface level employment numbers will improve, CNBC will cheer it and stocks will rally. I'm trusting "official" numbers less and less these days. Proceed with caution! Great comments. Interestingly, I think we'll see "job growth" over the next few months with all the Census workers being hired. I think I read that over a million MORE workers are being used for this census compared to 2000. So the surface level employment numbers will improve, CNBC will cheer it and stocks will rally. I'm trusting "official" numbers less and less these days. Proceed with caution!

]]> By: Darwin's Finance http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/comment-page-1/#comment-4673 Darwin's Finance Wed, 17 Mar 2010 14:20:48 +0000 http://20smoney.com/?p=1842#comment-4673 (continued. your site only allows 1 PP comments?) I've seen this first hand. We have a high earner friend from Wall Street who was laid off over a year ago. Based on statements he's made about jobs he's passed on, he was making probably ~250-300K. He had multiple 6 figure offers along that way but continued to pass on them because they weren't in the ballpark of his old salary. Without going into the 600K mortgage, the 2 new cars, all the home improvements they did (while he was out of work!) and basically a complete lack of a "new normal", he continued to pass on jobs that paid a very high salary. He finally landed something 10 months later at a discount to his old salary so we hear that complaint now. (continued. your site only allows 1 PP comments?) I've seen this first hand. We have a high earner friend from Wall Street who was laid off over a year ago. Based on statements he's made about jobs he's passed on, he was making probably ~250-300K. He had multiple 6 figure offers along that way but continued to pass on them because they weren't in the ballpark of his old salary. Without going into the 600K mortgage, the 2 new cars, all the home improvements they did (while he was out of work!) and basically a complete lack of a "new normal", he continued to pass on jobs that paid a very high salary. He finally landed something 10 months later at a discount to his old salary so we hear that complaint now.

]]> By: Darwin's Finance http://20smoney.com/2010/03/17/the-land-of-the-unsustainable/comment-page-1/#comment-4674 Darwin's Finance Wed, 17 Mar 2010 14:20:04 +0000 http://20smoney.com/?p=1842#comment-4674 This essential perpetual unemployment gravy train is surely persuading able-bodied workers to continue to hold out for that "old salary" instead of getting them back to work (and off the tax-payers' backs). I understand unemployment benefits and I think something like 6 months or even 9 months during the latest recession was reasonable. But the recession's over and the economy may not spring back like it usually does. We may see a similar employment picture for years. So, people need to get back to work with new expectations, not old expectations. This essential perpetual unemployment gravy train is surely persuading able-bodied workers to continue to hold out for that "old salary" instead of getting them back to work (and off the tax-payers' backs). I understand unemployment benefits and I think something like 6 months or even 9 months during the latest recession was reasonable. But the recession's over and the economy may not spring back like it usually does. We may see a similar employment picture for years. So, people need to get back to work with new expectations, not old expectations.

]]>