Comments on: Workers Going From Six Figures To Minimum Wage. http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/ A place to discuss money...for the rest of us. Sun, 21 Mar 2010 20:07:10 -0400 hourly 1 By: Stinky Boy http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31486 Stinky Boy Wed, 11 Feb 2009 17:12:54 +0000 http://www.mytwodollars.com/?p=1874#comment-31486 I feel her pain, I was an attorney for several national retailers, and when their business went south, it trickled down all and our business became non-existent. Now, even with a law degree and 2 masters degrees, I have yet to have a single interview in 4 months! I feel her pain, I was an attorney for several national retailers, and when their business went south, it trickled down all and our business became non-existent. Now, even with a law degree and 2 masters degrees, I have yet to have a single interview in 4 months!

]]> By: David http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31133 David Mon, 19 Jan 2009 15:14:45 +0000 http://www.mytwodollars.com/?p=1874#comment-31133 Ah yes, the socialism argument once again. So scary and evil! Never mind that we are, in fact, a socialist country have been since the Depression, and we definitely are once again with all the money the government is giving away right now. That argument does not hold any water anymore with what this government has done. Ah yes, the socialism argument once again. So scary and evil! Never mind that we are, in fact, a socialist country have been since the Depression, and we definitely are once again with all the money the government is giving away right now.

That argument does not hold any water anymore with what this government has done.

]]> By: Roland Olsen http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31132 Roland Olsen Mon, 19 Jan 2009 14:25:07 +0000 http://www.mytwodollars.com/?p=1874#comment-31132 MHWSE: Enjoy your trip back to Europe. I'm sure they are waiting for you with open cash!! Your proposal may not be communism but it sure is socialism. And from personal experience, once people are on welfare it takes a mighty pull to get them off because its just too damn addicting. From experience in the temporary labor market, it is hard to get professional nurses to work more hours because they are afraid that it will move them off the welfare roles. Take an unskilled person and they will be on welfare forever if allowed. Also, crime statistics from Interpol show that socialist Europe actually has a higher crime rate than the US: Here are Interpol 2001 crime statistics (rate per 100,000): * 4161 - US * 7736 - Germany * 6941 - France * 9927 - England and Wales Here are the Interpol 1995 crime statistics (rate per 100,000): * 5278 - US * 8179 - Germany * 6316 - France * 7206 - England & Wales And drug use is increasing in Europe across the spectrum from maryjane to cocaine and heroine. http://ec.europa.eu/news/environment/081106_1_en.htm Enjoy your government IV back in the old country. MHWSE: Enjoy your trip back to Europe. I’m sure they are waiting for you with open cash!! Your proposal may not be communism but it sure is socialism. And from personal experience, once people are on welfare it takes a mighty pull to get them off because its just too damn addicting. From experience in the temporary labor market, it is hard to get professional nurses to work more hours because they are afraid that it will move them off the welfare roles. Take an unskilled person and they will be on welfare forever if allowed.

Also, crime statistics from Interpol show that socialist Europe actually has a higher crime rate than the US:

Here are Interpol 2001 crime statistics (rate per 100,000):

* 4161 – US
* 7736 – Germany
* 6941 – France
* 9927 – England and Wales

Here are the Interpol 1995 crime statistics (rate per 100,000):

* 5278 – US
* 8179 – Germany
* 6316 – France
* 7206 – England & Wales

And drug use is increasing in Europe across the spectrum from maryjane to cocaine and heroine.
http://ec.europa.eu/news/environment/081106_1_en.htm

Enjoy your government IV back in the old country.

]]> By: Owen http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31121 Owen Mon, 19 Jan 2009 00:10:24 +0000 http://www.mytwodollars.com/?p=1874#comment-31121 Interesting comments about the lady that lost her job. Apparently it's all her fault. I guess none of the posters of comments were tempted but the lure of instant riches at the banks' expense? I learned my lesson from the South Seas Bubble of the eighteenth century and more recently the excesses of the late 80's. Don't even get me started on the "Dot Com" era. It seems that the majority of humankind are doomed to repeat the same mistakes over and over again. Greed is just too ingrained into our psyche's, I guess. Interesting comments about the lady that lost her job. Apparently it’s all her fault. I guess none of the posters of comments were tempted but the lure of instant riches at the banks’ expense? I learned my lesson from the South Seas Bubble of the eighteenth century and more recently the excesses of the late 80’s. Don’t even get me started on the “Dot Com” era. It seems that the majority of humankind are doomed to repeat the same mistakes over and over again. Greed is just too ingrained into our psyche’s, I guess.

]]> By: SP http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31108 SP Sun, 18 Jan 2009 11:41:36 +0000 http://www.mytwodollars.com/?p=1874#comment-31108 Why should I feel sorry for these people? There are people out there like doctors, engineers, technicians, mechanics, scientists with excellent technical skills creating wealth for the society but are being treated like crap. Being a mortgage broker does not require one to toil years of education and training without pay, does not require one to spend long hours of one's time to master difficult technical skills. These mortgage brokers made huge amount of money at the expense of those who created and produced the wealth. All they do is lawyer's crap, paper shoveling and flipping properties looking for a greater fool. That is why American is going down because it pays more to the non-producers than to the producers who actually create wealth. This phony wealth will never come back as it was created based on credit expansion not on actual production that earn an income stream. After all, what is the point of spending years studying and mastering engineering when the pay is not even half of what she earned? Why should I feel sorry for these people? There are people out there like doctors, engineers, technicians, mechanics, scientists with excellent technical skills creating wealth for the society but are being treated like crap. Being a mortgage broker does not require one to toil years of education and training without pay, does not require one to spend long hours of one’s time to master difficult technical skills. These mortgage brokers made huge amount of money at the expense of those who created and produced the wealth. All they do is lawyer’s crap, paper shoveling and flipping properties looking for a greater fool. That is why American is going down because it pays more to the non-producers than to the producers who actually create wealth. This phony wealth will never come back as it was created based on credit expansion not on actual production that earn an income stream. After all, what is the point of spending years studying and mastering engineering when the pay is not even half of what she earned?

]]> By: robroszk http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31105 robroszk Sun, 18 Jan 2009 07:26:36 +0000 http://www.mytwodollars.com/?p=1874#comment-31105 This post is dead RIGHT ON and most of these lame brains being hired by corporations are SO INCOMPETENT and not worthy of even $30k per year jobs! There is so much NEPITISM and hiring based on who you know or where you went to college that the whole concept of having something of value to offer the company has gone out the window! I have known many young managers who went to Northwestern or Depaul Universities that have literally driven companies into the ground with their very inexpericed and brash decision making! I am so glad to see these putz's get what they deserve now whining and crying about not being able to buy their $5 cup of late! It starts from the top up and includes this lamebrain duck of a president who was also unworthy to steer this great country into a properous direction! Him and his father are two of the worst leaders this country has ever had and it sickens my stomach to think that we may never see a pre-2000 economy in our lifetimes! This is what happens when you have greed, incompentence, inexperience, nepitism, and unyielding power that is used irresponsibly! This post is dead RIGHT ON and most of these lame brains being hired by corporations are SO INCOMPETENT and not worthy of even $30k per year jobs! There is so much NEPITISM and hiring based on who you know or where you went to college that the whole concept of having something of value to offer the company has gone out the window! I have known many young managers who went to Northwestern or Depaul Universities that have literally driven companies into the ground with their very inexpericed and brash decision making! I am so glad to see these putz’s get what they deserve now whining and crying about not being able to buy their $5 cup of late! It starts from the top up and includes this lamebrain duck of a president who was also unworthy to steer this great country into a properous direction! Him and his father are two of the worst leaders this country has ever had and it sickens my stomach to think that we may never see a pre-2000 economy in our lifetimes! This is what happens when you have greed, incompentence, inexperience, nepitism, and unyielding power that is used irresponsibly!

]]> By: Mark http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31104 Mark Sun, 18 Jan 2009 04:44:54 +0000 http://www.mytwodollars.com/?p=1874#comment-31104 I too was in the loan industry but left in 1999, I couldn't handle the "Twisting of truth or facts" which was required to succeed in the mortgage industry. In short, she was lucky to have reached that income level. A college degree was not a prerequisite for a Loan Originator or a Processor position at most mortgage broker or even mortgage banking firms. It doesn’t negate the pain she now has to deal with and I truly feel sorry for her. However, I feel that, as Mr. “Reality” wrote earlier, “We’re in a recession…because…everyone in the business sector has been operating on false assumptions and unrealistic expectations for several years now. We’ve been living large and it never was sustainable.” I too was in the loan industry but left in 1999, I couldn’t handle the “Twisting of truth or facts” which was required to succeed in the mortgage industry. In short, she was lucky to have reached that income level. A college degree was not a prerequisite for a Loan Originator or a Processor position at most mortgage broker or even mortgage banking firms. It doesn’t negate the pain she now has to deal with and I truly feel sorry for her. However, I feel that, as Mr. “Reality” wrote earlier, “We’re in a recession…because…everyone in the business sector has been operating on false assumptions and unrealistic expectations for several years now. We’ve been living large and it never was sustainable.”

]]> By: milehigh http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31103 milehigh Sun, 18 Jan 2009 03:33:50 +0000 http://www.mytwodollars.com/?p=1874#comment-31103 If losing a 100K job meant she stopped smoking, it's well worth the sacrifice. Best thing that could have ever happened to her. If losing a 100K job meant she stopped smoking, it’s well worth the sacrifice. Best thing that could have ever happened to her.

]]> By: Tim Brown http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31102 Tim Brown Sun, 18 Jan 2009 00:06:52 +0000 http://www.mytwodollars.com/?p=1874#comment-31102 6 Figures to $7 an hour... One thing I noticed as well, how can Laura only be pulling down $1400 a month in unemployment, when I was making below 40k and manage to get $1400 a month in unemployment??Her figures are a tad off.... I have to feed a family of 4, make the rent and all the utilities,plus a car payment and insurance, and she is "barely" making it??? I must be "minimally making it"...then!! 6 Figures to $7 an hour…
One thing I noticed as well, how can Laura only be pulling down $1400 a month in unemployment, when I was making below 40k and manage to get $1400 a month in unemployment??Her figures are a tad off….
I have to feed a family of 4, make the rent and all the utilities,plus a car payment and insurance, and she is “barely” making it???
I must be “minimally making it”…then!!

]]> By: Tim Brown http://www.mytwodollars.com/2009/01/15/workers-going-from-six-figures-to-minimum-wage/comment-page-1/#comment-31101 Tim Brown Sat, 17 Jan 2009 23:32:02 +0000 http://www.mytwodollars.com/?p=1874#comment-31101 From earning six figures to hoping for $7 an hour.... I can relate to her story, as I was making 5 figures a year, and am happy to find something that pays $7 an hour in today's job market. I have been unemployed, since the beginning of May 2008 after 10 years as a loyal employee and was let go. I have swallowed all my pride and applied to every job out available, and can't even get hired by a pizza chain!! Laura stated she is barely getting buy on unemployment of $1400.00 a month??Try doing that with a family of 4 and no Assistance other than Medicaid. I am grateful for medicaid for my kids, for they need insurance far more than their parents.First time in 17 years I have been unemployed and it is real bad out there. I pray for all of us in this situation, that the right doors open soon. From earning six figures to hoping for $7 an hour….
I can relate to her story, as I was making 5 figures a year, and am happy to find something that pays $7 an hour in today’s job market. I have been unemployed, since the beginning of May 2008 after 10 years as a loyal employee and was let go. I have swallowed all my pride and applied to every job out available, and can’t even get hired by a pizza chain!! Laura stated she is barely getting buy on unemployment of $1400.00 a month??Try doing that with a family of 4 and no Assistance other than Medicaid. I am grateful for medicaid for my kids, for they need insurance far more than their parents.First time in 17 years I have been unemployed and it is real bad out there. I pray for all of us in this situation, that the right doors open soon.

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