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Feeling poorer lately?

Discussion in 'Fred's House of Pancakes' started by Robert Taylor, Apr 22, 2005.

  1. Robert Taylor

    Robert Taylor New Member

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  2. Sufferin' Prius Envy

    Sufferin' Prius Envy Platinum Member

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    Well, as they say, statistics lie . . . or can be interpreted any way you need to substantiate your own perception.

    The article seems to beat around the edges without actually saying so (" . . . or Wal-Mart is cunning . . . but there are so many willing low-skill workers that their wages don't rise.") . . . but I wonder how much the millions of illegal aliens in the US workforce brings down the average hourly wage? God knows they increase the productivity, but I bet they have a wicked effect on the statistical average wage!

    Just think "Wal-Mart and their night clean-up crew of illegal aliens." How much less did Wal-Mart pay them than they would have paid the displaced US citizen?
     
  3. Robert Taylor

    Robert Taylor New Member

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    What was sort of unique about the 90/91 downturn was it featured incredible numbers of white collar layoffs. This time around the same thing happened, but demand has not picked up for white collar non-health care related workers much.

    Serious questions:

    1. Can your present job be accomplished by someone employed in another country?
    2. If no, can your customers answer no?

    Stagflation is going on right now, that is the cost of consumer goods is rising much faster than earnings. Fuel cost increases are jacking up the costs of all goods. A discount store gallon jug of whole milk was 2.10 10 years ago. Now its 3.10. Everything has gone up.
     
  4. Robert Taylor

    Robert Taylor New Member

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    Oh, a bit more about Wal-Mart. The nearby Wal-Mart store has taken out 1/3 of the cashier stations in favor of self checkout. I love self checkout, there is no wait and I am on my merry way with no wait in line for a human to do some simple tasks.

    For the eight or so self checkout stations there is one monitor who is training customers in their proper use.

    So the day can now be seen where the cashier is GONE, long gone, like gas station attendants they are on the road to extinction. Just how many jobs is that? Just in the Wal-Mart stores? And with that cost reduction comes a competitive advantage that other retailers will have to match, so guess what? Companies that cannot follow this example are going to go under, and that means those union workers in Kroger.

    Next will be the stocking robots? Can the entire store be computerized for total customer self help? Security people. The last to go.
     
  5. KCPrius

    KCPrius Member

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    Actually, that one person does a bit more than that. Case in point - I am trying to quit smoking, so I bought some of that nicotine gum. Scan that, and you reach a standstill until someone comes over and enters a code verifying that you are over 18.
     
  6. Sufferin' Prius Envy

    Sufferin' Prius Envy Platinum Member

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    Congrats on the quitting smoking campaign.

    Years ago a friend also quit smoking. She quit while she was in Nursing School. She said seeing all the gross pictures of cancers, lung diseases, and associated surgeries put her over the top on her way to being a non-smoking zealot.

    If you ever feel the urge, maybe a few well timed views of grossness will help bring you back from the edge. Maybe Doc Evan can steer you to a few particularly gross web images.
     
  7. KCPrius

    KCPrius Member

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    Thanks. Actually, this is my second time to quit. First time was about 20 years ago, then some very rough times hit and I started again. But what burns me up is that 20 years ago, you could go into a convenience store, and for $1.00 buy a 5 pack of "fake" cigaretts...little plastic tubes that looked just like a cigarette, but held a small container of nicotine in the front. You didn't light it...just drew on it like inhaling a cigarette. You got the "nicotine fix" and not the damaging tar and smoke. I smoked almost 3 packs of cigarettes a day back then, and on little 5 pack lasted me for a day. They worked, too. But....it was considered a "drug delivery system" and was pulled off the market.

    Today, it's over $50 at Costco for the gum...more than that for the patch, and the "inhaler", which looks (and works) remarkably like that $1.00 pack of fake cigarettes, costs in excess of $80. And to think that 20 years ago, the technology existed to offer that for a buck. If this country wants people to quit, make the stop smoking aids cost less than the damn cigarettes.
     
  8. Sufferin' Prius Envy

    Sufferin' Prius Envy Platinum Member

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    If taxes are being paid on purchase of those aids, that should be removed too. The benefit to society of more smokers quitting is greater than that tax would ever produce.
     
  9. jayman

    jayman Senior Member

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    Yep
     
  10. jayman

    jayman Senior Member

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    Patrick:

    Politicians lie all the time, and the numbers they quote also lie. Anybody who places blind faith in a politician is a fool. A person who worships a politicean is an Evil fool.

    I think I've mentioned in other posts that the field of statistics is fraught with hidden dangers that the average person has no comprehension of.

    My favorite: the "random sample" of people when they gauge consumer sentiment. Explain to me why over 20 years when you compare wages to the price of a new car, a new home, etc, something is seriously out of whack when they claim we have "low"inflation? What "market basket of goods" are they measuring??

    Whenever somebody has the urge to spout an official-sounding statistic at me, I always counter with: What are the results of ANOVA, F & T, Weibull, Chi Squared, R Squared, DFFITS ... and they run away screaming.

    The thing is, we never ever see the "raw" data. Usually the raw data is considered confidential or classified so we'll *never* see it. All raw data is trimmed or "studentized" to make it fit to a particular curve. This is done by using cumbersome math formulas to strip outliers and "fit" the results to the "expected" result.

    Much like how, for the same reason, Carbon 14 dating of something is a complete crock of s*** .

    So unless you can personally inspect the raw data, compare it to the studentized results, and determine if autocorrelation and heteroscedasticity (Autoregression) exists, and more importantly how to correct (Eg: a consistent covariant matrix), then you certainly cannot trust the neatly polished and presented "facts" you are given.

    I should explain that homoscedasticity is when variance in Y remains relatively the same regardless of the values taken by X. Heteroscedasticity is when the variance changes, eg the variance in Y increases as the values taken by X increase.

    As far as robots stocking shelves, that is already being implemented. Once you slap a bar code on something, it's trivial to use a scanning laser to identify and sort. Like how baggage is sorted at places like PIT and DIA.

    Jay
     
  11. exhuman

    exhuman Member

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    You're lucky. At my Wal-Mart the company saves money by using the self-checkout but the customer is paying in agro. As we've had the self-checkout for a while and more people are trying it out that means more lines even there. And there always seem to be many flamin' beeps for many reasons. Incorrect scan. Machine has no change. Machine thinks you haven't scanned something. That one poor employee in charge of them is run ragged. And of course, whenever there is any problem you have to wait for some supervisor with the magic key.

    But... whose fault is it for supporting that place? Mine, I have to confess.
     
  12. DaveinOlyWA

    DaveinOlyWA 3rd Time was Solariffic!!

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    i think the story is BS and applies to a very small segment of the population. we are losing money and very high paying jobs are skewing the numbers.

    around here, most jobs pay very little. also very few of the high paying jobs that were lost early in this century have come back. right now there is a huge void of employment options that used to be covered by the mid to entry level worker in higher-than-normal paying jobs.

    the choices we have are for highly skilled workers withs lots of experience or no experience service work paying just above minimum wage. (WA State has one of the highest minimum wage levels in the country but areas around seattle has an "unwritten" minimum wage that is about $1.50 than elsewheres)

    a scan through the want adds has the same selection...75% are in the medical field, the rest are entry level jobs aimed at someone with no experience right out of school. then there is a handful of decent paying jobs requiring 3 times the skills necessary to perform the job at a rate that is below what they were paying 5 years ago. but they can do this because of the huge pool of skilled labor still trying to get back into the job market. unemployment rates mean nothing since after the benefits run out, very few continue to register with the unemployment office and therefore are not counted.