Re: High turnover rate in http://www.dslreports.com/forum/r19457257 en Fri, 04 Dec 2009 14:48:44 EDT Fri, 04 Dec 2009 14:48:44 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19481953 Ahrenl : I'm afraid you're incorrect. The Yaun is worth less than the Dollar, they have been depressing the value, previously by pegging it to the dollar, and more recently by using a black box floating method, that is only slightly not pegged to the dollar. It is still appreciating more slowly than all other currencies compared to the dollar.

Congress had been threatening to enact large tarriffs on all Chinese imports if they didn't allow their currency to appreciate, this would offset how inexpensive Chinese goods are because their currency is so weak. ]]> http://www.dslreports.com/forum/remark,19481953 Tue, 20 Nov 2007 21:04:38 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19477306 supergirl :
said by Ahrenl See Profile :

Actually it would be weaker.. the complaint is that China depresses the value of their currency, making ours artificially strong.

The value of the dollar is declines because the Fed continues to cut rates to sacrifice the future for the present. You could cut the rates to 0% and it's not going to save people with subprime rate resets. Regardless, until the currency markets think that the Fed is considering raising rates the value of the dollar will continue to decline.
No, the Chinese are artifically inflating the value of their currency over ours. It has been in the news as part of the trade deficit with China and even caused friction for several years now with the State Department. That news has been in BusinessWeek, USA Today, NY Times, and even FED reports.
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl]]> http://www.dslreports.com/forum/remark,19477306 Tue, 20 Nov 2007 08:27:59 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19468480 droobie : In the Bangor market specifically, there is a shortage of people more than a shortage of jobs. We're not just talking about in retail and food service (though there's a ton of those, which I don't necessarily consider good job growth) but there's a shortage in new construction across the region.

There are economically depressed places in Maine, don't get me wrong, but I do think it is getting better, not worse. At this rate we might actually see a Jetblue or a Southwest fly into here and make use of the disappointment that is the local International airport.

I still wish every day for a Google Data Center... :D]]> http://www.dslreports.com/forum/remark,19468480 Sun, 18 Nov 2007 19:04:25 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19461156 smokythebear : Obviously I hope this situation does not happen, but it worries me alot. One thing that you didn't mention about the spending policy of the bush administration is that China is the majority buyer of US bonds. This should bother everyone...

Also with the whole social security problem and the possibility of crowding out things need to change]]> http://www.dslreports.com/forum/remark,19461156 Sat, 17 Nov 2007 11:16:34 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19460791 Ahrenl : What's your point? ]]> http://www.dslreports.com/forum/remark,19460791 Sat, 17 Nov 2007 09:32:53 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19459244 NY Tel :
said by Jason Levine See Profile :

A company that doesn't plan raises (even cost of living increases) for its employees is going to find itself with a very high turnover rate. And that means that customer service will likely stink and they will be getting bottom of the barrel talent.

I know I wouldn't remain in my job if they told me that my salary wouldn't change for 7 years. (Unless the salary was beyond incredible to begin with.)
Yup, agreed. I'm resigning immediately and I don't even work for them. This sounds like an act of sheer, utter desperado tactics.]]> http://www.dslreports.com/forum/remark,19459244 Fri, 16 Nov 2007 21:58:27 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19458230 hottboiinnc : What's a payr aise? The company i work for (Lowe's Companies) does not believe in cost of living raises. They give them to you when they decide to when they feel like it as long as you're well above the min. wage for state and federal other wise they're out of the clear and you don't get the raise.

No cost of living at Lowe's Retail. Many people at my store have been there since our's opened (11 years) and still make under $9 an hour and havent seen a payr aise in years. If you're lucky you may get a 5cent raise but nothing real big.

Welcome to the word of Corp. America.]]> http://www.dslreports.com/forum/remark,19458230 Fri, 16 Nov 2007 18:47:51 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19458008 mglunt :
Where might you have proof of your statement that 80% of the new jobs added since Sept 03 are below the poverty line?]]> http://www.dslreports.com/forum/remark,19458008 Fri, 16 Nov 2007 18:02:00 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19457999 mglunt :
The Fed just now cut rates twice in the last couple months after how many years of increases?]]> http://www.dslreports.com/forum/remark,19457999 Fri, 16 Nov 2007 18:00:48 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19457992 mglunt :
You say that "hourly wages haven't increased since 1997." I am sure you meant min wage, but you seem to be talking about both. If you know someone who began working a min wage job in 1997, and is still working the same job, and still making min wage, I'd like to see that. People might start out at min wage, but they get raises, etc.

Hourly income dropped 2 times in 2003 by a whole .01%. I don't call that significant up against the 116 times it has gone up in 10 yrs. »data.bls.gov/PDQ/servlet/SurveyO···net_1mth

Since 1970, the unemployment rate for the year has been lower than 4.7 a whole 4 times. Forgive me if I don't push the panic button since the rate went from 4.6 in Jul/Aug to 4.7 in Sept/Oct. It might simply indicate an increase in people looking for jobs for the holidays etc.]]> http://www.dslreports.com/forum/remark,19457992 Fri, 16 Nov 2007 18:00:08 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19457843 Ahrenl : The subprime "fiasco" has nothing to do with the government, except maybe when the fed cut rates too low which spurred "irrational excuberance" in the housing market casuing speculation and excessive risk taking. Since that was done by Greenspan, who was appointed by Reagan, maybe you should blame him instead.

As for the dollar losing its reserve status, it's not even possible right now. There just aren't enough assets/debt outside of the US for the money to go to. ]]> http://www.dslreports.com/forum/remark,19457843 Fri, 16 Nov 2007 17:33:30 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19457786 Ahrenl : Actually it would be weaker.. the complaint is that China depresses the value of their currency, making ours artificially strong.

The value of the dollar is declines because the Fed continues to cut rates to sacrifice the future for the present. You could cut the rates to 0% and it's not going to save people with subprime rate resets. Regardless, until the currency markets think that the Fed is considering raising rates the value of the dollar will continue to decline. ]]> http://www.dslreports.com/forum/remark,19457786 Fri, 16 Nov 2007 17:25:22 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19457257 supergirl :
said by Thaler See Profile :

said by mglunt See Profile :

Hmm. Where might your evidence be of the economy tanking?
I dunno about media outlets...but I take it as a bad sign when Canadians are now laughing at our money.

Seems the only "cheap" place US citizens can go tour around is Mexico. Ick.
A cheap dollar though make our exports much more attractive. If China would value its currency better, the dollar would be stronger.
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl]]> http://www.dslreports.com/forum/remark,19457257 Fri, 16 Nov 2007 16:12:34 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19456358 rahvin112 : Statistics are great aren't they? My favorite saying is: There are liars, damned liars and statisticians.

For instance, lets take a look at your first claim.

said by mglunt See Profile :

Since 1997, the avg hourly earnings dropped in only 2 of the 118 months.
What's significant about this claim is what is said and not said. The first, issue is that hourly earnings actually dropped during 2 months. This is the first decline in hourly income since the great depression. Significant? I would say so. Second, what they don't say is that hourly wages haven't increased since 1997. The key to making bad information seem good is to talk about something else and try to spin it positive, like your statement. The fact is hourly wages have been stagnant for a close to a decade and dropped during two months for the first time since the great depression.

said by mglunt See Profile :

Unemployment is just 4.7%, and has not been at 5.0 since Nov 05.
Yep, unemployment is low, no question about that. Unemployment isn't much of an indicator until it's too late though. Although what you don't say is that unemployment has creeped upward the last few months, something that could indicate a trend.

said by mglunt See Profile :

The economy has added jobs every month since Sept 03 - a total of 8.6 Million.
What that doesn't say is that the number of jobs added was well below historical averages and expectations. Couple this with the vast majority (80%) of those jobs being below poverty level wages and in the service sector. So you got your 8.6million jobs and 8 million of them were at fast food joints for less than $10 a hour. Hardly anything to cheer about.

But the main point of the original poster is that the decline in the dollar is a serious threat to our economy if it continues. The dollar has historically been used as a reserve currency. What that means is that people put their money into dollars for stability. Being a reserve currency benefits the USA because all those foreign funds come into our economy and are used by American companies to create jobs, fund growth and even create new companies. If foreigners move their reserves into for example the Euro it would damage the American economy immensely. Not only that but pulling their money out of dollars would drop the dollar even more, which in turn will cause more people to bail. A spiral that eventually results in the collapse of the dollar as a world currency and the inability of the USA to sell bonds resulting in a near shutdown of government because we deficit spend. Not only that but we would be unable to purchase foreign products, and with our own manufacturing sector gone and no funds to restart it we would probably be looking at something similar to the great depression.

Is all that going to happen, probably not, for if the American economy goes down so does the world. But the sub-prime fiasco that the market is dealing with right now is only exacerbating the problem that Bush and the republicans created with their tax cut and spend policies. If things don't change significantly with the next president the above scenario may come to pass. I know a number of people that have moved their personal financial assets to foreign countries/currencies, and I've personally moved a percentage of my own. ]]> http://www.dslreports.com/forum/remark,19456358 Fri, 16 Nov 2007 13:57:42 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19456194 KraziJoe : In Maine, some would just love to have the job and will worry about the raise later. Maine is economically depressed and any incoming work would be appreciated. Though how much of that would be new after all the Verizon firings is up for debate.]]> http://www.dslreports.com/forum/remark,19456194 Fri, 16 Nov 2007 13:36:43 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19456064 Thaler :
said by mglunt See Profile :

Hmm. Where might your evidence be of the economy tanking?
I dunno about media outlets...but I take it as a bad sign when Canadians are now laughing at our money.

Seems the only "cheap" place US citizens can go tour around is Mexico. Ick.]]> http://www.dslreports.com/forum/remark,19456064 Fri, 16 Nov 2007 13:18:55 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19455895 mglunt : Hmm. Where might your evidence be of the economy tanking?

Want some facts?
Since 1997, the avg hourly earnings dropped in only 2 of the 118 months.
Unemployment is just 4.7%, and has not been at 5.0 since Nov 05.
The economy has added jobs every month since Sept 03 - a total of 8.6 Million.

Maybe you should look at facts instead of what MSNBC tells you to think. »www.bls.gov/]]> http://www.dslreports.com/forum/remark,19455895 Fri, 16 Nov 2007 12:54:43 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19455096 morbo : i used 3% as an average. not sure of the actual numbers.]]> http://www.dslreports.com/forum/remark,19455096 Fri, 16 Nov 2007 10:42:38 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19455086 Jason Levine : Good point.

Oh and thanks for the depressing inflation numbers. :( My usual raise is 3% so I'm barely keeping up with cost of living increases now. It looks like I'm going to be effectively taking annual pay cuts in the future. :mad:]]> http://www.dslreports.com/forum/remark,19455086 Fri, 16 Nov 2007 10:40:51 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19455047 morbo : considering you will lose out 3% or more every year due to inflation, it is equivalent to getting a serious pay cut over seven years. For example, with a starting salary of $50,000 a year, watch what happens to your buying power from year to year (in constant dollars):

year 1: 50,000
year 2: 48,500
year 3: 47,045
year 4: 45,634
year 5: 44,265
year 6: 42,937
year 7: 41,649

No raise in 7 years is like a $8,351 pay cut IF inflation stays at 3% which is not likely. In the next 2-5 years, inflation will jump higher. My guess is that with the dollar crashing and the economy sinking into the toilet, inflation will spike from 5% to 9%.]]> http://www.dslreports.com/forum/remark,19455047 Fri, 16 Nov 2007 10:33:56 EDT Re: High turnover rate http://www.dslreports.com/forum/remark,19454885 Thaler : No kidding. Where's the motivation to do a good job, if you're still going to be getting the same wage for 7 years?

Personally, I'd give any job like that a just-enough-to-not-get-fired effort, while using my avaliable time to look for a different line of work.]]> http://www.dslreports.com/forum/remark,19454885 Fri, 16 Nov 2007 09:59:10 EDT High turnover rate http://www.dslreports.com/forum/remark,19454636 Jason Levine : A company that doesn't plan raises (even cost of living increases) for its employees is going to find itself with a very high turnover rate. And that means that customer service will likely stink and they will be getting bottom of the barrel talent.

I know I wouldn't remain in my job if they told me that my salary wouldn't change for 7 years. (Unless the salary was beyond incredible to begin with.)]]> http://www.dslreports.com/forum/remark,19454636 Fri, 16 Nov 2007 09:01:53 EDT