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Forums - Politics - Herman Cain: It is your fault you are not rich...

pb1285n said:

You guys don't seem to understand. Not everyone has the knowledge or the skill to move up in a company or start their own business. That doesn't mean they don't work hard. Besides, there aren't enough upper management jobs to go around for everyone. On paper it seems nice but it doesn't work in reality.

Minimum wage in New York is 6.25, that is about 900 a month after taxes

The average cost of an apartment is $2800, minimum wage doesn't even cover a third of the rent.

Again it's not about asking for a hand out, it's about getting a fair share.

The rich get rich by taking advantage of the poor, because they know they can. They say it's about their bottom line and making a profit, but all they really care about is lining their own pockets. The government couldn't do anything about it, even if they wanted to, because we'd just lose more jobs to countries with cheaper labor.

but are we really any better then they are? We don't want to pay are workers fairly and now we want to take away benefits that help them get by. When they complain we attack them saying "it's your fault, you spent money on frivolous things like a trip to the movies with your family or a new low end TV. How dare you try and find any happiness or enjoyment out of life! BRB I gotta go jump on my private Jet to the Bahamas".

C) The average CEO salary is 11.5 million dollars. You can argue that they keep a company running, but it goes both ways, without the workers underneath you their is no company to run.


A) Not everyone has the knowledge or skill to move up or start their own buisness... but everyone has the oppurtunity and ability to get that knowledge and skill.

B)  That's why you commute to work from cheaper outter areas.  The problem isn't that we don't want to pay workers fairly... it's that we don't want to pay workers fairly because the value of many kinds of labor is very low to the point of it being seen as below what we would like to see people work.  Most people who are getting paid minium wage crazy enough are getting overpaid, that's why minium wage exists.  So companies are forced to overpay for labor because we think people should deserve a minium amount of money for their time even if their time isn't worth that in market value.

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

I heard today the top 5-6 tech companies employ less people then 1/3rd the workforce of GM in the 1980's.

The middleclass isn't shrinking because of corporate greed or anti-middleclass laws or anything like that.

The middle class is shrinking because the old middleclass jobs aren't viable anymore, and the new middleclass jobs don't support as many people and require more thinking.



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pb1285n said:

You guys don't seem to understand. Not everyone has the knowledge or the skill to move up in a company or start their own business. That doesn't mean they don't work hard. Besides, there aren't enough upper management jobs to go around for everyone. On paper it seems nice but it doesn't work in reality.

Minimum wage in New York is 6.25, that is about 900 a month after taxes

The average cost of an apartment is $2800, minimum wage doesn't even cover a third of the rent.

Again it's not about asking for a hand out, it's about getting a fair share.

The rich get rich by taking advantage of the poor, because they know they can. They say it's about their bottom line and making a profit, but all they really care about is lining their own pockets. The government couldn't do anything about it, even if they wanted to, because we'd just lose more jobs to countries with cheaper labor.

but are we really any better then they are? We don't want to pay are workers fairly and now we want to take away benefits that help them get by. When they complain we attack them saying "it's your fault, you spent money on frivolous things like a trip to the movies with your family or a new low end TV. How dare you try and find any happiness or enjoyment out of life! BRB I gotta go jump on my private Jet to the Bahamas".

The average CEO salary is 11.5 million dollars. You can argue that they keep a company running, but it goes both ways, without the workers underneath you their is no company to run.

It should be noted that rent is $2800 in a large part because of the unintended consequences of rent controls and rental subsidies which are put in place to “help” poor people;  but tend to have the unintended effect of driving up costs, lowering quality of available rental places, and making slum-lords very wealthy.



Kasz216 said:

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

CEOs get lucky to a certain degree, based upon a decent number of factors they have little to no control over.  They also have a board they do have to answer to, and unless you have a cult of personality around you, the way Jobs did, you end up playing politics and the decisions the company makes comes out of the collective decision making of the board.  This decent number of factors they have little to no control over will cause a CEO to be seen as a darling one time, then a few years later, end up being seen as a goat.  Carly F of HP went from hero to goat in a few years, because decisions she made happened to not pan out, although they seemed to be smart at the time.

On the later point, in an information based economy everything scales to a very large degree.  The internet makes it so either it is feast or famine.



richardhutnik said:
Kasz216 said:

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

CEOs get lucky to a certain degree, based upon a decent number of factors they have little to no control over.  They also have a board they do have to answer to, and unless you have a cult of personality around you, the way Jobs did, you end up playing politics and the decisions the company makes comes out of the collective decision making of the board.  This decent number of factors they have little to no control over will cause a CEO to be seen as a darling one time, then a few years later, end up being seen as a goat.  Carly F of HP went from hero to goat in a few years, because decisions she made happened to not pan out, although they seemed to be smart at the time.

On the later point, in an information based economy everything scales to a very large degree.  The internet makes it so either it is feast or famine.

None of that sounds like luck.

You seem to have a strange phenomena of considering everything a person doesn't have direct control over as luck.

You might as well claim that 100% of being a stockbroker is luck because a stockbroker has no direct control of a company and often doesn't know how research and other things are happening behind closed doors.

Being wrong doesn't mean your lucky.

Hell seems like according to your definiton some things people do have direct control of, is directly within a ceo's control.  Like whether or not you have a cult of personality.

Which steve jobs developed by being an uncompromising dick who nobody liked behind close doors but stood behind things having to be his way.

 

Incorrect foresight, inability to garner board support and inability to read the future of your company and the economy are NOT luck.



Kasz216 said:
pb1285n said:

You guys don't seem to understand. Not everyone has the knowledge or the skill to move up in a company or start their own business. That doesn't mean they don't work hard. Besides, there aren't enough upper management jobs to go around for everyone. On paper it seems nice but it doesn't work in reality.

Minimum wage in New York is 6.25, that is about 900 a month after taxes

The average cost of an apartment is $2800, minimum wage doesn't even cover a third of the rent.

Again it's not about asking for a hand out, it's about getting a fair share.

The rich get rich by taking advantage of the poor, because they know they can. They say it's about their bottom line and making a profit, but all they really care about is lining their own pockets. The government couldn't do anything about it, even if they wanted to, because we'd just lose more jobs to countries with cheaper labor.

but are we really any better then they are? We don't want to pay are workers fairly and now we want to take away benefits that help them get by. When they complain we attack them saying "it's your fault, you spent money on frivolous things like a trip to the movies with your family or a new low end TV. How dare you try and find any happiness or enjoyment out of life! BRB I gotta go jump on my private Jet to the Bahamas".

C) The average CEO salary is 11.5 million dollars. You can argue that they keep a company running, but it goes both ways, without the workers underneath you their is no company to run.


A) Not everyone has the knowledge or skill to move up or start their own buisness... but everyone has the oppurtunity and ability to get that knowledge and skill.

B)  That's why you commute to work from cheaper outter areas.  The problem isn't that we don't want to pay workers fairly... it's that we don't want to pay workers fairly because the value of many kinds of labor is very low to the point of it being seen as below what we would like to see people work.  Most people who are getting paid minium wage crazy enough are getting overpaid, that's why minium wage exists.  So companies are forced to overpay for labor because we think people should deserve a minium amount of money for their time even if their time isn't worth that in market value.

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

I heard today the top 5-6 tech companies employ less people then 1/3rd the workforce of GM in the 1980's.

The middleclass isn't shrinking because of corporate greed or anti-middleclass laws or anything like that.

The middle class is shrinking because the old middleclass jobs aren't viable anymore, and the new middleclass jobs don't support as many people and require more thinking.

CEO pay check these days has very little to do with the quality of the work they produce but a lot more to do with the fact  that these days a majority of the boards are stuffed with representants of mutal funds which think that rewarding executives with stock options is a good way to motivate them. And the jury is still out on how successfull it is ( it leads to CEO pushing for short terms decisions that will boost the stock price while neglecting the long term health of the company..).

That is the major difference between CEO salary now and 40 years ago....

And it has some very nasty side effect. Each time a company announces massive layoffs, it tends to boost the stock price and as a result nets a very nice bonus to every executive holding stock options.........

 

 

As for Herman Cain, if he thought 5 minutes before speaking he would probably say less BS.

Because the idea that everyone can be rich is a non sense. Rich is a concept that is defined by opposition to poor. If everyone was rich, noone would be rich.

Now maybe he is arguing for socialism....



PS3-Xbox360 gap : 1.5 millions and going up in PS3 favor !

PS3-Wii gap : 20 millions and going down !

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Kasz216 said:


A) Not everyone has the knowledge or skill to move up or start their own buisness... but everyone has the oppurtunity and ability to get that knowledge and skill.

B)  That's why you commute to work from cheaper outter areas.  The problem isn't that we don't want to pay workers fairly... it's that we don't want to pay workers fairly because the value of many kinds of labor is very low to the point of it being seen as below what we would like to see people work.  Most people who are getting paid minium wage crazy enough are getting overpaid, that's why minium wage exists.  So companies are forced to overpay for labor because we think people should deserve a minium amount of money for their time even if their time isn't worth that in market value.

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

I heard today the top 5-6 tech companies employ less people then 1/3rd the workforce of GM in the 1980's.

The middleclass isn't shrinking because of corporate greed or anti-middleclass laws or anything like that.

The middle class is shrinking because the old middleclass jobs aren't viable anymore, and the new middleclass jobs don't support as many people and require more thinking.

@bolded

There is and always will be a differential market.Why? Because there is something called VALUE. Value is not just about quality labour. For example, Low valued, overpaid labour can still produce products that sells at a premium because a lot of customers see value in them, and still make more profit than selling at low cost. Their quality may not be premium, but their prices certainly are. These companies set their prices according to maximum value instead of the old price setting  "cost + mark-up" where the lower the cost the higher the profit. Consumers are not naive to base their buying decisions on cost only, even in this tough economic environment.  Is  it wrong to challenge these bigwigs to seek more value, innovative products instead of just slashing labour or attacking the minimum wage legislations.



ImJustBayuum said:
Kasz216 said:


A) Not everyone has the knowledge or skill to move up or start their own buisness... but everyone has the oppurtunity and ability to get that knowledge and skill.

B)  That's why you commute to work from cheaper outter areas.  The problem isn't that we don't want to pay workers fairly... it's that we don't want to pay workers fairly because the value of many kinds of labor is very low to the point of it being seen as below what we would like to see people work.  Most people who are getting paid minium wage crazy enough are getting overpaid, that's why minium wage exists.  So companies are forced to overpay for labor because we think people should deserve a minium amount of money for their time even if their time isn't worth that in market value.

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

I heard today the top 5-6 tech companies employ less people then 1/3rd the workforce of GM in the 1980's.

The middleclass isn't shrinking because of corporate greed or anti-middleclass laws or anything like that.

The middle class is shrinking because the old middleclass jobs aren't viable anymore, and the new middleclass jobs don't support as many people and require more thinking.

@bolded

There is and always will be a differential market.Why? Because there is something called VALUE. Value is not just about quality labour. For example, Low valued, overpaid labour can still produce products that sells at a premium because a lot of customers see value in them, and still make more profit than selling at low cost. Their quality may not be premium, but their prices certainly are. These companies set their prices according to maximum value instead of the old price setting  "cost + mark-up" where the lower the cost the higher the profit. Consumers are not naive to base their buying decisions on cost only, even in this tough economic environment.  Is  it wrong to challenge these bigwigs to seek more value, innovative products instead of just slashing labour or attacking the minimum wage legislations.

 

How large is the differential market, though? Somehow, I don't think its large enough to satiate employment for every low-skilled worker that needs overpaid.



Back from the dead, I'm afraid.

Im trying Herman, but every 2 weeks when i view my pay check and see that the IRS is deducting $935.47 for taxes, it kinda make me want to blame the GOV.
Here is a hint Mr. Cain, i can do a lot more with that $935.47 in my pocket than the GOV can, like for instance use it to save and invest into so type of business that will make me rich but..............



mrstickball said:
ImJustBayuum said:
Kasz216 said:


A) Not everyone has the knowledge or skill to move up or start their own buisness... but everyone has the oppurtunity and ability to get that knowledge and skill.

B)  That's why you commute to work from cheaper outter areas.  The problem isn't that we don't want to pay workers fairly... it's that we don't want to pay workers fairly because the value of many kinds of labor is very low to the point of it being seen as below what we would like to see people work.  Most people who are getting paid minium wage crazy enough are getting overpaid, that's why minium wage exists.  So companies are forced to overpay for labor because we think people should deserve a minium amount of money for their time even if their time isn't worth that in market value.

C) Except it's a lot harder to be a CEO then it is to be a worker.  It's hard as hell to find a good CEO to the point where you can make a bunch of money on the pretext of being good... while as you said... there are more then enough workers.  Either here or another country.

The problem has nothing to do with the rich, and everything to do with labor being so cheap.  Back in the day, quality intellegent america labor was worth a LOT,  now it isn't.

Why?  It ain't got nothing to do with companies... it's got everything to do with consumers. 

Nobody wants to pay a premium for quality labor and quality products anymore.   Everyone would rather by the cheap Wal-mart style brands... or when they do buy expensive brands in stuff like shoes, it's for the look, not the quality.

We're moving from a Labor intensive value market to an info/knowlege intensive market.

I heard today the top 5-6 tech companies employ less people then 1/3rd the workforce of GM in the 1980's.

The middleclass isn't shrinking because of corporate greed or anti-middleclass laws or anything like that.

The middle class is shrinking because the old middleclass jobs aren't viable anymore, and the new middleclass jobs don't support as many people and require more thinking.

@bolded

There is and always will be a differential market.Why? Because there is something called VALUE. Value is not just about quality labour. For example, Low valued, overpaid labour can still produce products that sells at a premium because a lot of customers see value in them, and still make more profit than selling at low cost. Their quality may not be premium, but their prices certainly are. These companies set their prices according to maximum value instead of the old price setting  "cost + mark-up" where the lower the cost the higher the profit. Consumers are not naive to base their buying decisions on cost only, even in this tough economic environment.  Is  it wrong to challenge these bigwigs to seek more value, innovative products instead of just slashing labour or attacking the minimum wage legislations.

 

How large is the differential market, though? Somehow, I don't think its large enough to satiate employment for every low-skilled worker that needs overpaid.

You are right. Its not large enough to satisfy employment for EVERY low skilled worker but in the export arena, it can play a major role. The chinese and indian middle class are rapidly expanding and american products cannot afford to compete there with low costs. The opportunity is there for these american companies to maximise their revenue instead of just focussing on labour costs.



The problem in the American economy right now, and most other economies around the world, is that it is set up so those very few people controlling the shares, are exploiting you; they are not actually working to make themselves rich, rather they just own the shares in the company that is working you to make the shareholders rich.

Why don't you go out and get shares? That's right, it would take you more than a lifetime of work to make enough money to matter; and the amount you probably do make is likely less than you need - and you probably also need more time to spend at home with your family.

It is very easy to see what is wrong with your economy, and the economies of most countries of the world. The problem is clearly that the hard workers are being exploited, their money is being taken from them and is going into the pockets of people with already hundreds of millions to billions.



I describe myself as a little dose of toxic masculinity.