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  • #3
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    As a poor, young man from a poor family in the 70's I worked three jobs. Full time construction laborer 5 days a week ($2.00 per hour), weekends as a load builder in a lumber yard ($5 per load), evenings at a liquor store ($2.00 per hour). In my free time I mowed lawns, cut down trees, trimmed hedges, shoveled snow, patched driveways, etc. In total I averaged about $140 per week working 65 - 70 hours.

    I didn't sit on my butt watching TV and playing video games after putting in my 40+ hours at my minimum wage job...I found more work to do to make more money. My wife took care of our infant son, took care of my home and did our accounting. We made the conscious decision to wait to have another child until I could make enough money to support us better. Our next child was 8 years later.

    Today I own a construction and demolitions company and employ over 50 people.

    My advice: If you are not making "enough" at one job, take a second job and turn off the goddamned internet/cable/satellite dish.

    It won't kill you.

    It will make you stronger.

    And you will understand that you deserve what you have worked for.
  • #9
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    No offense, but the amounts you list mean you were starting out at a very different place in time and you have only a foggy idea of what today's youth face. For instance, many people *are* working two full-time minimum wage jobs and still are barely getting by. As for opening a new company? Sure, that's great if you find a good niche and have the capital but the sheer increase in population means competition is much, much stiffer than when you began.
  • #12
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    @Zazziness He probably hires a lot of 'today's youth'. I know my company does, I certainly train enough of them. I don't waste time learning their names any more, because so few can be bothered to come to work on time, or for more than a few weeks, and then I'm training another one all over again...
  • #14
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    @Zazziness - I don't get offended. But I want to know what is "different" about today?

    My wife had an awesome, simple budget that strictly stuck to.

    Rent was 2 weeks pay.
    (Crappy little 3 room apartment with a shared bathroom.)
    Utilities and food one weeks pay.
    (Lots of beans and rice and vegetables and chicken. Only ate out on very special occasions.)
    Clothing, auto repairs and luxuries 3/4 weeks pay.
    (Hand-me-downs, used/found/repaired furniture, 1956 F100 truck, a plug in table radio and a box fan.)
    1/4 a weeks pay went into the bank.(RELIGIOUSLY)

    We stuck to it. We went without luxuries until we got to better financial place.

    I recently had this same chat with my niece. She was complaining that I didn't understand what it's like to be poor. She looks at her uncle as some kind of rich guy and is constantly on me to borrow money for this and that.

    I see young people today, like her, many who complain about being poor, with $500 cell phones, huge stereos, giant televisions, gaming systems with dozens of games, expensive computers, designer clothes, hundred dollar sneakers, hundred dollar shades....

    ...and it's all unnecessary.

    I really, genuinely believe that young people today have their priorities skewed.

    While I will agree that the population has grown...so too have the number of employers and opportunities.

    1974 - 214 million people
    2014 - 316 million people

    Walmart
    1974 - 51 stores
    2014 - 11,000 stores

    McDonalds
    1974 - 3000 restaurants in the US
    2014 - 14,000 restaurants in the US

    ...and so it goes with corporate America and entry level positions.

    I also think that part of the problem is that most young people today believe they have to go to college and amass debt...and then expect a job to be waiting for them with a 6 digit payoff.

    As for starting a company...after scrimping and saving for 7 long years I bought a used bobcat tractor. Proudest day of my life.

    I didn't have any "work" to do...but once I had the machine I started pounding on the doors of other contractors. I made a name for myself by working hard and demanding of myself as close to perfection as possible.

    I took the risk, but then again I am from a different time.
  • #18
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    @AntiPorcheria "Rent was 2 weeks pay."

    Minimum wage pays about $580 a week before taxes, at full time.(With slight variations depending on the state.) Rent prices across the country average about $1,231 each month.

    Gee, those "opportunities" at McDonalds and Walmart are nothing like what you faced, since we the taxpayers get to make up for the salary the employer doesn't pay, since their employees need government assistance to eat.
  • #19
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    @Tacitus01 - We hire lots of young people in the summer and during breaks. We offer full time positions to any that stay through the 60 day trial period...complete with exceptional health care, dental, vision, 401K and profit sharing through Edward Jones. The lowest paying positions in our company start at $14 hr part time. Construction labor...Demolitions labor. Full time "skilled laborer" positions...means you made it 60 days without a problem and want to stay...starts at $20 per hour. We are non-union.

    When the job market is as bad as they say, you would think that these kids would appreciate the work and the pay.

    Surprisingly few stick around. Work a couple weeks...get a check...and they are gone.

    It's that mentality that just gives me no sympathy for the entire "income inequality" meme.
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  • #17
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    I have a PhD and could not live in the comfort of the very nice home in a very nice neighborhood that I do now if I lived in NYC. The good thing is that I do not want to live in any city like NYC. I like having a large back yard with a pool, a large play gym and a trampoline with plenty of room to spare. I like living in a neighborhood where my child can go to play with a friend riding her bike at 8yrs old. I like having teak wood floors throughout the house except in the kitchen, breakfast nook and bathrooms that are slate tile. I love my large kitchen with granite countertops and all stainless steel appliances and walnut cabinets. I love our master bathroom suite with everything including the toilet in it's own little room with a door. My magnificent formal dining room. I could not have all of this in these large cities. Here my house is a little over $200,000. If you plopped it down with the yard and pool in San Francisco, it would cost $1,200,000. I've never understood paying a million dollars more for the same home, just in a different city!
  • #48
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    I don't know where you live, but it isn't in NJ. The cheap suburbs here gets you a turnaround for that amount. But you're right, whether you pay two hundred grand or four hundred and fifty bucks, you get more value in the suburbs. However, the people that pay the big bucks in NY aren't stupid. They're using the spiraling rise is real estate prices as a pretty safe investment. 2008 was just a temporary glitch for New Yorkers and those that didn't panic have seen the price of their condos and, in particular, townhouses, soar past their pre 2008 prices. I believe this may the strategy they're using. Work at their $400-800K jobs for as long as their nervous systems will last. Buy an outrageously overpriced condo. Allow it to appreciate, then sell it, quit the job, and spend the enormous amount of equity money on a mansion in some less expensive suburb and downsize their financial needs with a job that doesn't require the constant pressure that they experienced in the city.
  • #109
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    Exactly. Our 2200 sq ft home has hardwood floors downstairs. Kitchen with granite countertops and black appliances (not a fan of stainless steel). Large dining room. Nice sized living room with a fireplace. 3 large bedrooms (smallest is 12-14) with cathedral ceilings and a loft area. Plush carpet. Almost an acre of fenced in backyard and living in a neighborhood where when I have kids they can go outside and play safely.

    Our mortgage is affordable enough that I can pay it and all our bills on my salary alone and use the wife's money for wants. We bought what we could afford (trust me I loved the 3500 sq ft home with the brick front, game room, gas fireplaces in every bedroom, huge kitchen with breakfast nook and a two story great room, but I didn't like the $1000 a month mortgage payment either! No thanks I'll make my $650 mortgage payment and my wife and I will buy new cars every 4 years and take multiple vacations. We are not going to be house poor.

    Our house was listed for $175k brand new. We got it for $160 since it has sat on the market for 9 months in a new development and the developer wanted to sell it before the new year that year. We bought when the housing market hit rock bottom. Quit amazing the very next month house prices jumped by over 10k for our same size home in the area.

    The same home with all it's contents would have cost us over 300k in Columbus Ohio and over 800k in many of the burbs in other states we looked at.
  • #142
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    @DrNickels
    So you get what I mean. We actually bought our home outright by me selling some farm land to the farmer who had been share cropping the land with my family for years before I was born. I hate dealing with debt! We just put back $300 a month for taxes and insurance. But that money would not have afforded us a home like this in those cities. I prefer a less prestigious city. Where we live is a wonderful place! Our home and large area of land with everything on and with it is our own little paradise. I don't miss that huge house one bit! Be glad you didn't go for the larger house! I could hardly wait to get out of that larger home and away from the house payments! Our child is so much happier here! As are my husband and I! He's now in the process of opening his own business. There's a place very close to our home he wanted. To our very pleasant surprise, the man who owned it owed my dad a lot of money. I guess he thought he was in the clear when my dad passed. Nope. He signed it over and still owes my mother more. That was my part. Things are just going his way right now! He deserves it!
  • #11
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    This really shouldn't surprise anyone. The poorest of the poor live in the projects of most urban areas and the richest of the rich live in penthouses and mansions in the big cities. Just look at Indianapolis for example. The richest zip code and the poorest zip code in Indiana are both in Indianapolis.
  • #1
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    Suburbanites vs. Urbanites. There are more jobs in the outskirts than down in the heart of the city for a couple of reasons. Additional city taxes and ridiculous crime rates are two major factors.
  • #47
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    Manhattan is different. Yes it has a high tax rate, but the salaries of Manhattanites can go through the roof. They have to, because a one bedroom, 800 square foot apartment can go for between one and a half and two million dollars depending on the neighborhood, and there are becoming fewer and fewer "low priced" neighborhoods. The crime rate in Manhattan is also an attraction. It's one of the lowest of all our major cities. I think what people have to realize is that New York City is actually four cities and a suburb. Manhattan is a city by itself, with more skyscrapers and offices than any other American city and there are actually two downtowns, Midtown and the financial area. Trust me, between the two there ten times the amount of jobs than in the rest of the Metropolitan area.
  • #98
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    I have no doubt, but I think that most of your cities that are thriving and less spread out such as LA are more like New York in the job locations, such as San Francisco, Boston and Philadelphia. I'm a map freak, so I have a pretty good idea of the constitutions of most of the metropolitan areas that I have never visited, which is helpful in determining just how dependent those areas are to the cores of their anchoring cities. Detroit is a bombed out shell, much like my home city, the one I spent my first six years in, of Paterson. Toledo is also a city whose time has come and gone, so these are two examples of cities with no reason for people to move to nor companies to set up offices. The suburbs of Paterson are a different matter. Some of the most affluent towns in the country surround Paterson, or are within five to ten miles of the city, such as Alpine, Franklin Lakes and Saddle River.
  • #32
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    income inequality = a liberal socialist code word For...Please oh government Please provide us more welfare fraud , waste , and abuse....at the taxpayers expense.
  • #49
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    And if you don't start taking the 1% of 1% who are accumulating 50% and rising of all the money in the United States, then whether it's because of a government or these people, you, who are in the bottom 99.9% will not have an income to compare to the whiners. Get your head out of the clouds, forget about socialism and capitalism and start worrying about the people who are turning you into slaves. Many of you guys who are making a nice living now remind me of the old joke about a guy who throws himself off the roof of a skyscraper. When asked how he was doing as he passed the 45th floor, he responded, pretty good SO FAR. Stop arguing about bullshit.
  • #115
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    @Ryunkin

    Weren't you aware of all the 1 percenters here on Politix. Look at them. Billionaires got nothing else to do but sit around and gripe and complain that the rich don't make enough. Damn, if I had all that kind of money you'd never be hearing from me again. I'd be finding something better to do.
  • #127
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    @PayThatCEO 1 percenters hardly. One percent wannabe's and delusional idiots, definitely. There's a great non-sequitur cartoon in the papers today. One side of the panel is a great white shark. On the other is school of fish. The caption on the bottom is "The great white one percent." The balloon on the top says "Well, clearly I'm a minority here, so hold still while I make things more equal." These idiots don't seem to realize that they're not Great Whites because they're a worth a few million dollars or even a half a billion and when the time is right these self made men are going to know what it's like to be eaten by a great white.
  • #75
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    I don't think most care wether or not someone makes more money based on equal hard work, the issue is that it is an uneven playing field set up by the very ones with the most money in order to get all the money, it is no different than outright theft, they are criminals, period and their greed will lead to the destruction of our beloved country and way of life.
  • #6
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    Not that it would do any good. From day 1 successful people would be getting richer and those who were poor will be wasting their money
  • #13
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    No, you create new revenue streams by starting support businesses for existing businesses; this gives everyone more than enough money to live in a modern society.

    It's a free-market capitalist solution, yet so-called "conservatives" won't get behind it.
  • #16
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    @twinertia

    All well and fine...if you have a market of buyers. You can't just put up a business any old where and "make it work".

    Then you have places with people in charge that kick businesses out...like the "Trader Joe's" incident.
  • #23
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    @BravoJuliet In terms of creating support businesses that provide a service to existing businesses, you don't need a brick-and-mortar physical location at all. The credit traded by these support businesses can be handled entirely in cyberspace.
  • #24
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    @twinertia

    Like i said, if it's a needed service and there are buyers in the market for it...they have to want it first.
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  • #100
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    That's just life. Income inequality is just the Democrat Party's new "Little Black Dress" issue.(Last year the issue of choice was the phony "War on Women") Just another attempt to pit the rich against the poor and to stir up anger against the successful rather than stir up ambition among the poor to do better. It's easier to just whine, "I didn't get mine because some rich guy stole my opportunity!" than get up and get to work and work your way up the ladder. But as an issue it beats the constant drumbeat on the failure of Obamacare, the Thugs at the IRS, Benghazi and all the other chickens that are starting to come home to roost for this administration. WE call is just another distraction.
  • #96
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    "Income inequality" is this election year's distraction from real problems. Worse, the faux-progressive policies being pushed by Dems to ostensibly fix it, will make it worse.
    Just look at Venezuela today. Why isn't what's happening there in the news more? Oh that's right, their gov't outlawed a free press. Sounds familiar with what the FCC is doing here, telling news outlets to push stories on "under served" groups -- as of PBS isn't enough.
  • #123
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    Don't worry, the left is already starting to spin the Venezuela situation yet again as caused by the CIA or the bourgeoisie, as they always do. Just like in the USSR, even right up until the end, they never ran out of bourgeoisie to blame.
  • #35
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    Does anybody else find it funny that the cities that have the highest income inequity are cities in the deepest of blue states that have been governed by democrats for decades?
  • #93
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    Why do these stats surprise anyone? It's a logical conclusion.....duh. If you want to live like everyone else around you move to a small rural town.
  • #50
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    They're whining about inequality and you're whining about them whining about inequality. So what is this, a contest to see who can whine the loudest?
  • #5
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    If you want money earn it and get off your lazy ass. You may have to move or make sacrifices but if you seriously want to make something for yourself you have to work.
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