LMCane said:

---

Hoyt Ag said:

---

The couple I referred to above will be living on $3000/mo, could be less but they got a bigger house for visitors and a hobby room.

I mentioned it on the Business board, but look up Retire and Go on youtube. Pretty good info from Chris.

---

yes you can live much more cheaply in Mexico

but how is the health care when you inevitably get sick? how is the crime when the cartels and poor people realize a bunch of old gringos are just sitting there waiting to be robbed?

---

Depends entirely on where you live and how much money you have.

Kind of like living here. In most places the cartels are a non issue and health care is more affordable.

I suppose if you were very poor and geographically challenged you might have a problem. But if that's the case you probably need to stay where you are at.

lil99chris said:

---

I was laid off on Oct 31st when my position (and many others) was moved to Costa Rica. I was with the company for 9 years.

The job market is nowhere near good. I am seeing cuts in salary around 25%. It is frustrating.

---

Hang in there. Im in a similar situation. The job market is not great right now.

Don't let them gaslight you, and that's exactly what it is. Journalists cant seem to figure out why "all the metrics" look good, but a majority of people polled say the economy is dog*****

It's because they're cooking the books or even lying to deceive. They dont understand that normal people have to go to the grocery store every week and wonder why the same **** they put on the conveyer belt costs 30% more than it did 4 years ago. Fuel, housing, insurance, taxes, deflating currency --- they are getting squeezed from every direction.

But journalists are not smart people, in general. That's why they're journalists.

After the number of pick ups today, most of this employment has to be DoorDash, GrubHub, and Uber eats

Tanya 93 said:

---

After the number of pick ups today, most of this employment has to be DoorDash, GrubHub, and Uber eats

---

Part time work. And you're right.

Ellis Wyatt said:

---

Tanya 93 said:

---

After the number of pick ups today, most of this employment has to be DoorDash, GrubHub, and Uber eats

---

Part time work. And you're right.

---

Many of them do it 12 hours a day 4-6 days a week. Then they Uber or Lyft until the bars close at 1:30 am

ttu_85 said:

---

JobSecurity said:

---

All is well

Quote:

---

Full-time workers fell by 6,000, while part-timers increased by 691,000. Multiple job holders rose by 217,000, to 5.2% of the total employment level.

---

---

Excellent eye and good catch.

Anybody with a brain would know that is NOT good news. I wonder what the full time worker participation rate is at the moment.

Just how dumb can the media be, talking to you CNBC, thinking part-time work == Full-time. The media is worthless.

---

Yeah, the jobs report is bad

Don’t believe govt numbers regarding ANYTHING. Last 10months employment numbers have been revised.

They claim employment is booming but refuse to share over the last year, the number of full-time jobs is DOWN 1.347 million.

Add 11m illegal immigrants not working & 3.6m baby…

— Grant Cardone (@GrantCardone) April 6, 2024

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

Old McDonald said:

---

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

---

What in that jobs report looks good to you? What I see is a big headline number comprised entirely of part time jobs with negative full time jobs. Now combine that with persistent inflation. Those do not add up to a good economy.

Old McDonald said:

---

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

---

The best part of this post is one could change a single word and point it right back at you.

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

Yes, I expect that everything is about to fall. I assume another shoe will drop in the Middle East or a major corp will declare bankruptcy and then the entire economy seizes.

I have the feeling that most of the business world is just whistling past the graveyard and hoping things will hold together for another quarter.

Sadly almost half the people in this country will refuse to believe that crazy govt regulations, unrestricted spending and printing money would have been a big part of what will happen. They will just blame Republicans and vote for more of the same.

Old McDonald said:

---

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

---

ROFL. Wages have not and will never absorb the inflation caused by Biden since he took office. Unless I get a 20% increase, I'm never catching up. I'm simply treading water with the current inflation which is still almost 100% more than target right now.

Credit card debt levels, federal debt levels , some state debt levels … those tell the real story imo. It's ugly. One way or another that piper will be paid.

samurai_science said:

---

---

OMG.
This sucks. Expect those revisions to get larger in size.

Logos Stick said:

---

Old McDonald said:

---

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

---

ROFL

Median income down every year since Biden took office.

Real disposal income down 7.5% since Biden took office.

Monthly savings down 79% since Biden took office.

Credit card debt up 38% since Biden took office.

Home ownership affordability down 36%.

Average real weekly wages down almost 5% since Biden took office.


One would have to be a complete moron to believe the economy is good.

---

try again, this time starting pre-pandemic. all those Jan 2021 figures are either made up by you or bloated by the covid money printing you hated so much.

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

Gaw617 said:

---

This entire economy is very fragile. The correction can come at any time. Just don't know the trigger. The fact this jobs report didn't cause something negative tells me even folks in finance aren't really paying attention anymore either. Interesting times we live in.

---

alternate explanation: the economy is good, people with skin in the game know it, and your information diet is predominantly people who must pretend otherwise for electoral reasons

---

ROFL

Median income down every year since Biden took office.

Real disposal income down 7.5% since Biden took office.

Monthly savings down 79% since Biden took office.

Credit card debt up 38% since Biden took office.

Home ownership affordability down 36%.

Average real weekly wages down almost 5% since Biden took office.


One would have to be a complete moron to believe the economy is good.

---

try again, this time starting pre-pandemic. all those Jan 2021 figures are either made up or bloated by the covid money printing you hated so much.

---

Oh, so the economy is ****ty, but it's COVID money, not Bidens fault.

ROFL.

I say this much harder: one would have to be weapons grade stupid to believe the economy is "good" right now.

JobSecurity said:

---

All is well

Quote:

---

Full-time workers fell by 6,000, while part-timers increased by 691,000. Multiple job holders rose by 217,000, to 5.2% of the total employment level.

---

---

The lying media.

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

---

ROFL. Wages have not and will never absorb the inflation caused by Biden since he took office. Unless I get a 20% increase, I'm never catching up. I'm simply treading water with the current inflation which is still almost 100% more than target right now.

---

real wages have increased since the start of the pandemic. sounds like a skill issue my man.

---

Real wages are DOWN 5% since January 2021. The data is the data.

For anyone show who is weapons grade dumb enough to believe the economy is good right now.

https://beta.bls.gov/dataViewer/view/timeseries/CES0500000012

https://www.bls.gov/cpi/

https://data.bls.gov/timeseries/WPUFD4&output_view=pct_12mths

Gas is up 38% since Biden took office.

Logos Stick said:

---

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

---

ROFL. Wages have not and will never absorb the inflation caused by Biden since he took office. Unless I get a 20% increase, I'm never catching up. I'm simply treading water with the current inflation which is still almost 100% more than target right now.

---

real wages have increased since the start of the pandemic. sounds like a skill issue my man.

---

Real wages are DOWN 5% since January 2021. The data is the data.

---

real wages are up since the start of the pandemic. jan 2021 wage data is bloated by covid relief. you're correct, the data is the data.

Leased vehicle prices are up 42% since Biden took office.

Electricity is up 27% since Biden took office.

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

---

ROFL. Wages have not and will never absorb the inflation caused by Biden since he took office. Unless I get a 20% increase, I'm never catching up. I'm simply treading water with the current inflation which is still almost 100% more than target right now.

---

real wages have increased since the start of the pandemic. sounds like a skill issue my man.

---

Real wages are DOWN 5% since January 2021. The data is the data.

---

real wages are up since the start of the pandemic. jan 2021 wage data is bloated by covid relief. you're correct, the data is the data.

---

ROFL. Wrong! You haven't even looked at the data.

Flour is up 27% since Biden took office.

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

Logos Stick said:

---

Old McDonald said:

---

from this report:

unemployment below 4% for the longest stretch in generations
wages rising faster than prices

---

ROFL. Wages have not and will never absorb the inflation caused by Biden since he took office. Unless I get a 20% increase, I'm never catching up. I'm simply treading water with the current inflation which is still almost 100% more than target right now.

---

real wages have increased since the start of the pandemic. sounds like a skill issue my man.

---

Real wages are DOWN 5% since January 2021. The data is the data.

---

real wages are up since the start of the pandemic. jan 2021 wage data is bloated by covid relief. you're correct, the data is the data.

---

Now adjust for inflation.

Quote:

---

What is the ECI?

The ECI measures the change in the hourly labor cost to employers, independent of the influence of employment shifts among occupations and industries. Labor costs include wages and salaries and the cost of employee benefits. Costs represent the pay period that includes the 12th of March, June, September, and December. We publish the data on the last business day of the subsequent month.
Wages and salaries are defined as regular payments from employer to employee as compensation for services performed during a specific period. This definition also includes incentive-based pay (such as commissions, production bonuses, and piece rates), cost-of-living allowances, hazard pay, payments of income deferred due to participation in a salary reduction plan, and deadhead pay, or pay given to transportation workers returning in a vehicle without freight or passengers.

A unique aspect of the ECI is that it tracks the cost of employing a fixed set of occupations over time. Much like the BLS Consumer Price Index (CPI) measures the change in the cost to consumers of a fixed basket of goods and services, you can think of the ECI as measuring the change in the cost of compensation for a fixed mix of workers. Changes in the composition of the labor force, such as a move toward lower-paying industries or occupations, do not affect the ECI. As such, the ECI is often considered a true measure of wage inflation.

We gather ECI data through the National Compensation Survey. It is an establishment-based and nationally representative survey that captures data on pay and benefits for a representative group of jobs from a sample of employers. The survey includes private industry and state and local government establishments from across the nation.

---

Logos Stick said:

---

For anyone show who is weapons grade dumb enough to believe the economy is good right now.

https://beta.bls.gov/dataViewer/view/timeseries/CES0500000012

https://www.bls.gov/cpi/

https://data.bls.gov/timeseries/WPUFD4&output_view=pct_12mths

---

zoom that first series out to 5 years and you'll see I'm right

If I start in 2022 it's down.

If I start in 2023, it's flat, no increase.

If I cherry pick the data like you want, it's flat or down. ROFL

Old McDonald said:

---

Logos Stick said:

---

For anyone show who is weapons grade dumb enough to believe the economy is good right now.

https://beta.bls.gov/dataViewer/view/timeseries/CES0500000012

https://www.bls.gov/cpi/

https://data.bls.gov/timeseries/WPUFD4&output_view=pct_12mths

---

zoom that first series out to 5 years and you'll see I'm right

---

Well hell, if I go back 10 years it's up too. LMAO

Heineken-Ashi said:

---

Old McDonald said:

---

real wages are up since the start of the pandemic. jan 2021 wage data is bloated by covid relief. you're correct, the data is the data.

---

Now adjust for inflation.

---

what do you think "real" wages means? also your chart is 2 years outdated