Friday, November 13, 2015
Nothing too advanced that my trusty calculator couldn't assist me in but things that when broken down into smaller sums kinda amaze me..
Like for instance, Apple released the iPad Pro the other day with a 128 GB device with wi-fi only going for $949
Then I thought of the minimum wage which nationally is $7.25 though its been raised in a few states with District of Columbia now the highest at $10.50
$1,003.57 divided by $10.50 equals..
95.57 work hours which is two full 40 hour weeks and about 16 hours into a third week..
$1,005.94 divided by $8 equals..
125.74 work hours which is over three full weeks of working!
*Click the link: http://www.usdebtclock.org/
Yep.. just sit n' stare and watch all those numbers frantically move
It says that the US population now stands at over 322.1 million people and of that number 149 million or so are in the work force..
So if that means that less than 50% of all Americans are working, how is it the official unemployment figure stands at 5% as of September???
So how did we as a nation expand our population by 40 million people in 15 years while the workforce dropped 5 million people and still call it a recovery?
Back in 2000, the median income was $28,794 and according to the Clock, in 2015 the median income is $29,014
So in 15 years the median income grew by $220
Real question is how?
Praise be the Lord for the creation of the 30 year mortgage, something that simply did not exist 50 years ago.. Mortgage? - Yes.. 30 years? - Nope
This Debt Clock is so much fun to look at..
What ever happened to those 6.7 million skilled workers? I imagine for most, they became part of the 43.6 million Americans currently living in poverty..
The Clock seems to show that the government annually spends $3.7 Trillion to keep the nation running while only collecting $3.2 Trillion in taxes
That's a budget gap of half a trillion.. Yep, good economic policy to not properly tax the wealthy and those who make profit off the Stock Market..
This includes the Debt, interest on it which is $2.4T, personal debt (over $17T), mortgage debt ($13.7T), student loans ($1.3T), credit cards ($934+ Billion), etc...
Makes one thing why would anyone Rep or Dem actually Want to run for President and take all this mess upon his/her plate
BTW, did you know only 1/3 of our debt is held by foreign countries like China and Japan..
The other 2/3 is held by the Federal Reserve.. This is why the US can never default on its debts because it would be defaulting on itself..
One last number before I become loopy and close my eyes from it all..
Of a population of over 322 million, only 8.4 million or so actually own their own businesses..
That comes to only 2.6% of all Americans..
In fast food, there are an average of 15.7 workers per establishment. Now while the wages aren't the best, if 100,000 new small business owners opened up their own fast food restaurant, that would be an increase of 157,000 new workers
If this economy is to ever have a chance of turning itself around, the number of self-employed must dramatically go up and They, not the 1% will pull up the rest of the nation..
Posted by Susquehanna at Friday, November 13, 2015