AbraCadabra! Where did all the jobs go?

You already did so why should I? I assume you did not investigate your own source LOL. Click on that little link on it that discusses the history of the official poverty measure beside the icon that says "1963X3" and you will discover why I said the very part you underlined. I mean they made a pretty picture telling you I am right and everything and you still ignored it because you do not know what you are talking about but your ego wouldn't let you dare be wrong on the internet.

Here is your trophy:

 

does cash income include the income you get from anti poverty programs? Does it include the free housing, education, health care, and infrastructure poor people receive?

 

They do two different calculations. One involving cash equivalents through welfare, etc and one that does not.

 

so with cash from on and off the books work and from equivalents such as welfare, tax credits, food stamps, free housing, free education, free health care and free use of infrastructure do our poor make more or less than $100,000 per year?

 

I guess that would depend on how many people they support and whether you are doing it in Midtown Manhatten, but the alternative study is called the Supplemental Poverty Measure if you want to research that on your own. Some people think we should move from the Orshansky model to the SPM model as the latter gives a slightly higher number over all but captures more specific demographic poverty--like the elderly if you include all their medical expense, etc. Comparing the two can be a good way to gauge effectiveness of antipoverty programs though.

 

Legal cartel - OPEC.

 

that's just one cartel not many and it has no pricing power anyway so not really a cartel. Sorry, but don't get discouraged.

 

so you're saying most poor people outside of Manhattan get more than $100K a year and
benefits (free food health housing education infrastructure) don't increase in proportion to family size??

 

Yes, it is just one, but it's a legal one. I don't know of any other legal ones and most the others are drug related.

Why would you think I might get discouraged? I simply provided an answer to a question you asked.

 

OPEC may be legal but it has no pricing power so not really a cartel and thus there is not one example of a cartel let alone several as stated. Sorry

 

No I am saying the SPM takes into account where one lives

 

we don't care what they are taking into account just if they are making $100k despite being listed as poor.

 

Then I guess you will have to do as suggested before--do your own research--to find the answer to your question that you care so deeply for.

 

You must have been born after the 70's, but OPEC does have some power in pricing oil, and exercises it. Sometimes you need to accept reality. I think it should be obvious there are several cartels, but like I said previously OPEC is the only legal one I'm aware of and recognized by most everyone but you.

 

Well, in 2012, the poverty threshold was $22,283 and in my post that is bothering you so much I stated today's poverty line is about $26,000...which just happens to be about 1/2 of the median household income. Do you have some problem with $26,000? Why not just discuss the $26K issue instead of the very arbitrary Census Bureau math? Don't understand your personal attacks? Ego?? I don't know what I'm talking about?? So...just to be clear...do you think $26K is about 1/2 of the household median income?

 

The poverty level is calculated as an inflation adjusted formula based on 3 times the 1963 nourishment numbers as I stated and as you denied. Nothing you say can change that you are wrong, your source you thought showed you were right says you are wrong, and you will be wrong whether the number is a half a third or twice the median household income because median household income has nothing to do with the poverty calculations.

 

do you mean to drop oil prices to lowest level in 12 years??? See why we say liberalism will be based in ignorance?

Why OPEC Is Not a Cartel | Foreign Affairs
https://www.foreignaffairs.com/articles/...12.../how-opec-lost-its-bite
‎
Dec 3, 2015 ... As the Organization of the Petroleum Exporting Countries (OPEC) meets again— with its oil basket ... The Oil Cartel That Behaves Like a Club.

 

yes so obviously that you cant name them!!!! OMG!!!

 

What if there are fewer jobs for everyone because the middle class—the lower middle class in particular—has less money to spend. Prolonged trade deficits and mounting consumer debt levels had to culminate to a crux some time.

When we keep spending money but that money doesn't go to workers in our country, it can't continue on that way forever.

 

We have discussed that same thing over and over.

 

Are you therefore claiming to be a liberal?

cartel:
1. An association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
2. historical A coalition or cooperative arrangement between political parties intended to promote a mutual interest.

OPEC, Organization of the Petroleum Exporting Countries, is an intergovernmental organization of 14 nations as of May 2017.
Do you still fail to see why it is a cartel when even your own post states it to be a cartel?

 

Go back and read again what I posted. I named OPEC as the only legally accepted cartel I was aware of, and noted that other cartels which existed were mostly drug related and illegal. You can google their names quite easily if you wish to uniquely identify them.

 

The OP asks "where did all the jobs go?"
If we were to identify them individually I'm sure we could easily answer the question of where, and perhaps it would be a much more rational question to ask "WHY?" if our purpose is to find a solution.

 

you agreed with another goof liberal that most industries were cartels. I asked you to name one cartel and all you could come up with was OPEC which is not really a cartel since it has no control over price. Do you have any pride?


Why OPEC Is Not a Cartel | Foreign Affairs
https://www.foreignaffairs.com/articles/...12.../how-opec-lost-its-bite
‎
Dec 3, 2015 ... As the Organization of the Petroleum Exporting Countries (OPEC) meets again— with its oil basket ... The Oil Cartel That Behaves Like a Club.

 

obviously millions went to China thanks to the liberal taxes, unions, and regulations that drove them there.