The 2018 midterm elections!

[joecct]

The reasons why coalitions won't happen in the US congress is because its easier to seize power from the traditional party apparatus and use that to advance your cause as opposed to creating a new party. The Dems and Goopers aren't splintering. In fact they're coalescing around some basic points. GOP = Trump Humping. If Trump is for something, so are they lock stock and barrel. Dems are coalescing around expanded govt intervention in health care, college affordability, and corporate regulation paid for by higher taxes on the rich. Yes, they may disagree on details but they've thus far been remarkably united.

That's because the Ds have great cat herders in Pelosi and Schumer and the GOP doesn't.

[ScoobyDoo]

Re: The 2018 midterm elections!

That's because the Ds have great cat herders in Pelosi and Schumer and the GOP doesn't.

Great cat herders when they get to the Hill. Horrible cat herders when it comes to voting.

[joecct]

Great cat herders when they get to the Hill. Horrible cat herders when it comes to voting.

That's because the youth want everything handed to them and are unwilling to work hard for it.

(Yea, it's a generalization, but the more I talk to people who are doing the hiring, the more I think it's true)

[BassAle]

Re: The 2018 midterm elections!

That's because the youth want everything handed to them and are unwilling to work hard for it.

(Yea, it's a generalization, but the more I talk to people who are doing the hiring, the more I think it's true)

wasn't your generation handed a job for life with a pension when you graduated college?

[ScoobyDoo]

Re: The 2018 midterm elections!

wasn't your generation handed a job for life with a pension when you graduated college?

Pretty much. My dad with a GED got a great union job with a pension just by applying. Can't do that today.

[joecct]

wasn't your generation handed a job for life with a pension when you graduated college?

No. Jealous? We had to work, either 35 or 40 hour (or more) weeks. We had to find a job after college. Fortunately, most of us at Clarkson had employable majors so most of us got a job soon after leaving the mud soaked grounds.

Then we had to demonstrate that actually knew our subject matter. Culls happened.

And, depending on where you ended up, you may have had a pension upon retirement. Others lost theirs on mergers or bankruptcies or restructuring.

[ScoobyDoo]

Re: The 2018 midterm elections!

And, depending on where you ended up, you may have had a pension upon retirement. Others lost theirs on mergers or bankruptcies or restructuring.

That's my fave.

The companies increased their profits by promising great retirements to their workers so they could pay them less. Then they all cash out and bankrupt the pensions and the workers get screwed.

It's amazing what has happened since 1980. And we elected Trump to fix it. Hysterical.

[mookie1995]

Pretty much. My dad with a GED got a great union job with a pension just by applying. Can't do that today.

Which is why companies have to outsource. Can’t afford to pay two workforces

[unofan]

That's because the youth want everything handed to them and are unwilling to work hard for it.

(Yea, it's a generalization, but the more I talk to people who are doing the hiring, the more I think it's true)

And you walked up hill both ways thorough three feet of snow while wearing an onion on your belt, as was the style of the time.

[unofan]

And, depending on where you ended up, you may have had a pension upon retirement. Others lost theirs on mergers or bankruptcies or restructuring.

And this is the fault of millennials, how?

[FadeToBlack&Gold]

Re: The 2018 midterm elections!

That's because the youth want everything handed to them and are unwilling to work hard for it.

(Yea, it's a generalization, but the more I talk to people who are doing the hiring, the more I think it's true)

Hiring managers who are also your age probably make the same generalizations. "These kids today, they just don't get it!" So I'm going to take that as indirect confirmation bias.

[SJHovey]

Re: The 2018 midterm elections!

That's my fave.

The companies increased their profits by promising great retirements to their workers so they could pay them less. Then they all cash out and bankrupt the pensions and the workers get screwed.

It's amazing what has happened since 1980. And we elected Trump to fix it. Hysterical.

I'm not going to say that there aren't individual cases where that happened. Promising future benefits to pay less today is a way bad management can kick financial trouble down the road a few years, or even decades.

But I don't think that is the sole, or even the primary reason for the demise of the pension/defined benefit form of retirement in the private sector. The primary problem is demographics. It was a lot easier to pay pensions when you might have four or five employees working for every retiree to whom you were paying a benefit. But by the 1970's/80's, anyone with a lick of sense could see the glut of baby boomer retirees coming down the road, and even "simple math" painted a pretty bleak financial picture for companies who continued to use them.

[ScoobyDoo]

Re: The 2018 midterm elections!

I'm not going to say that there aren't individual cases where that happened. Promising future benefits to pay less today is a way bad management can kick financial trouble down the road a few years, or even decades.

But I don't think that is the sole, or even the primary reason for the demise of the pension/defined benefit form of retirement in the private sector. The primary problem is demographics. It was a lot easier to pay pensions when you might have four or five employees working for every retiree to whom you were paying a benefit. But by the 1970's/80's, anyone with a lick of sense could see the glut of baby boomer retirees coming down the road, and even "simple math" painted a pretty bleak financial picture for companies who continued to use them.

Yet, every actuary on the planet missed it when it counted. And now we're all ****ed.

[The Sicatoka]

Re: The 2018 midterm elections!

Yet, every actuary on the planet missed it when it counted. And now we're all ****ed.

No, they found it.

They found it when it was to their advantage and drove the plans to pile cash.

They found it again and drove the "reconfiguring" of retirement plans.

[ScoobyDoo]

Re: The 2018 midterm elections!

No, they found it.

They found it when it was to their advantage and drove the plans to pile cash.

They found it again and drove the "reconfiguring" of retirement plans.

Yeah, that works. And they lied to everyone they got involved in the plans.