Explaining (American) Labor Economics to Retards

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By LowIQTrash
23 Mar 2023 9:55 am in No Holds Barred Political Forum
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LowIQTrash
23 Mar 2023 9:55 am
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Retarded Democrats cheer the BLS' monthly job numbers report showing Bidumb's "strong economy."

What few people know is that, assuming the numbers aren't intentionally fraudulent, the methdology/heuristics is fatally flawed. What the BLS presumably does as part of its data collection is scour sites like Indeed and LinkedIn looking at the # job openings. 


A) According to a small business lending firm's poll of 1000 hiring managers (this blurb came from WSJ) almost half of the listings aren't for "real" positions. They're there to give potential investors the ILLUSION "muh company is still GROE-ing, plz gif me munney!"

https://www.reddit.com/r/recruitinghell ... are_button

B) Jobs, assuming they are real, are frequently posted on multiple sites. And I severely doubt BLS employees have the intellect or motivation to account for duplicates (I assume the easiest method is to poll HR or hiring managers and ask how many sites they post on then do an adjustment - crude but simple)

C) Assuming the demand for labor is outstripping supply, you should see a sustained increase in wages (this is not happening). All of those so called "wage gains" were eviscerated by inflation. 

D) Companies are running with fewer personnel than ever before; this means aggregate worker income is dropping despite hourly wages rising. Many current employees have to do the jobs of 1.5-2 former employees and I can confirm this based on talking with my (poor) W2 friends, lol.

If that's too difficult to understand, picture this:

So let's say in small town **** in Arkansas, there used to be 3000 employed back in 2019. Thanks to the globalist/banker/international finance cabal unleashing a flu so they can scare you into injecting yourself with their serum, many have not returned to work for various reasons. The structural shift (dysfunction) now means only 2500 are working in ****, AR. 

Those 2500 need a 20% wage increase to match what those 3000 earned (add in another 20% for real inflation).

1.2 × 1.2 = 1.44

(44% - it's multiplicative not additive you retards)

How many employees have gotten a 44% raise in their RESPECTIVE positions since 2020? 

"Yippee! Mcdonalds hired for $12/hr back in 2011 when 1 BR was $700/mo, now they're hiring for $16/hr in 2023 when 1 BR is $1400/mo!!!!!11111"

Great, you can now skip your Labor Econ class.
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peepee
23 Mar 2023 10:22 am
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LowIQTrash » 23 Mar 2023, 9:55 am » wrote: Retarded Democrats cheer the BLS' monthly job numbers report showing Bidumb's "strong economy."

What few people know is that, assuming the numbers aren't intentionally fraudulent, the methdology/heuristics is fatally flawed. What the BLS presumably does as part of its data collection is scour sites like Indeed and LinkedIn looking at the # job openings. 

A) According to a small business lending firm's poll of 1000 hiring managers (this blurb came from WSJ) almost half of the listings aren't for "real" positions. They're there to give potential investors the ILLUSION "muh company is still GROE-ing, plz gif me munney!"

https://www.reddit.com/r/recruitinghell ... are_button

B) Jobs, assuming they are real, are frequently posted on multiple sites. And I severely doubt BLS employees have the intellect or motivation to account for duplicates (I assume the easiest method is to poll HR or hiring managers and ask how many sites they post on then do an adjustment - crude but simple)

C) Assuming the demand for labor is outstripping supply, you should see a sustained increase in wages (this is not happening). All of those so called "wage gains" were eviscerated by inflation. 

D) Companies are running with fewer personnel than ever before; this means aggregate worker income is dropping despite hourly wages rising. Many current employees have to do the jobs of 1.5-2 former employees and I can confirm this based on talking with my (poor) W2 friends, lol.

If that's too difficult to understand, picture this:

So let's say in small town **** in Arkansas, there used to be 3000 employed back in 2019. Thanks to the globalist/banker/international finance cabal unleashing a flu so they can scare you into injecting yourself with their serum, many have not returned to work for various reasons. The structural shift (dysfunction) now means only 2500 are working in ****, AR. 

Those 2500 need a 20% wage increase to match what those 3000 earned (add in another 20% for real inflation).

1.2 × 1.2 = 1.44

(44% - it's multiplicative not additive you retards)

How many employees have gotten a 44% raise in their RESPECTIVE positions since 2020? 

"Yippee! Mcdonalds hired for $12/hr back in 2011 when 1 BR was $700/mo, now they're hiring for $16/hr in 2023 when 1 BR is $1400/mo!!!!!11111"

Great, you can now skip your Labor Econ class.
:rofl:   :clap:  

...much more importantly than this is the fact that everyone involved in this ^^^^ $tory is a f@cking monetary ignoramus who works their gaping hole about some 'illion-dollar economy' absent a clue as to the hideous origin and nature of even one dollar!... wordle...  ;)   
 
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Beekeeper
23 Mar 2023 10:28 am
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peepee » 23 Mar 2023, 10:22 am » wrote: Image   Image  

...much more importantly than this is the fact that everyone involved in this ^^^^ $tory is a f@cking monetary ignoramus who works their gaping hole about some 'illion-dollar economy' absent a clue as to the hideous origin and nature of even one dollar!... wordle...  Image
^^^^ And this is coming from a PISSBOY who totes around a PISS BUCKET all day. Then, just as she gets her bucket filled (she is a tranny), she trips and spills that bucket of PISS all over herself.

Do you want to be lectured on "monetary" anything by someone who carries PISS for a living and is paid in $.25 "tips"??
Liberals are spoiled children, miserable, unsatisfied, demanding, ill-disciplined, despotic & useless. Liberalism is a philosophy of sniveling brats ~O'Rourke

The Democratic Party seems intransigent on their position of keeping the party ‘woke,’ detached, exclusionary, and totally insane.
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Vegas
23 Mar 2023 10:40 am
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peepee » 23 Mar 2023, 10:22 am » wrote: Image   Image  

...much more importantly than this is the fact that everyone involved in this ^^^^ $tory is a f@cking monetary ignoramus who works their gaping hole about some 'illion-dollar economy' absent a clue as to the hideous origin and nature of even one dollar!... wordle...  Image

I knew your dumb *** would be on this thread like flies on ****.  :rofl:   :rofl:   Monetary ignoramus. ^^^
Blackvegatble's hypcorisy summed up in one post: [/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...

From which you are running...



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Deezer Shoove
23 Mar 2023 11:27 am
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Vegas » 23 Mar 2023, 10:40 am » wrote: I knew your dumb *** would be on this thread like flies on ****.  Image   Image   Monetary ignoramus. ^^^
The title was addressed to him...
Please seat yourself.

Image

I like the very things you hate.
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peepee
23 Mar 2023 11:39 am
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DeezerShoove » 23 Mar 2023, 11:27 am » wrote: The title was addressed to him...
...always remember, if someone asks any of you republicrat-level retards [and monetary ignoramuses], 'WHO CREATES OUR MONEY/UNIT OF ACCOUNT AND HOW DO THEY DO IT'? one of two things WILL happen: 1.) you remain silent or 2.) some absolute  Image   $hit will emanate from your holes!... wordle...  Image   Image  

Image   
 
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SJConspirator
23 Mar 2023 1:39 pm
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LowIQTrash » 23 Mar 2023, 9:55 am » wrote: Retarded Democrats cheer the BLS' monthly job numbers report showing Bidumb's "strong economy."

What few people know is that, assuming the numbers aren't intentionally fraudulent, the methdology/heuristics is fatally flawed. What the BLS presumably does as part of its data collection is scour sites like Indeed and LinkedIn looking at the # job openings. 

A) According to a small business lending firm's poll of 1000 hiring managers (this blurb came from WSJ) almost half of the listings aren't for "real" positions. They're there to give potential investors the ILLUSION "muh company is still GROE-ing, plz gif me munney!"

https://www.reddit.com/r/recruitinghell ... are_button

B) Jobs, assuming they are real, are frequently posted on multiple sites. And I severely doubt BLS employees have the intellect or motivation to account for duplicates (I assume the easiest method is to poll HR or hiring managers and ask how many sites they post on then do an adjustment - crude but simple)

C) Assuming the demand for labor is outstripping supply, you should see a sustained increase in wages (this is not happening). All of those so called "wage gains" were eviscerated by inflation. 

D) Companies are running with fewer personnel than ever before; this means aggregate worker income is dropping despite hourly wages rising. Many current employees have to do the jobs of 1.5-2 former employees and I can confirm this based on talking with my (poor) W2 friends, lol.

If that's too difficult to understand, picture this:

So let's say in small town **** in Arkansas, there used to be 3000 employed back in 2019. Thanks to the globalist/banker/international finance cabal unleashing a flu so they can scare you into injecting yourself with their serum, many have not returned to work for various reasons. The structural shift (dysfunction) now means only 2500 are working in ****, AR. 

Those 2500 need a 20% wage increase to match what those 3000 earned (add in another 20% for real inflation).

1.2 × 1.2 = 1.44

(44% - it's multiplicative not additive you retards)

How many employees have gotten a 44% raise in their RESPECTIVE positions since 2020? 

"Yippee! Mcdonalds hired for $12/hr back in 2011 when 1 BR was $700/mo, now they're hiring for $16/hr in 2023 when 1 BR is $1400/mo!!!!!11111"

Great, you can now skip your Labor Econ class.

its a good thing BV left.  This would have filled him with both fury and despair
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SJConspirator
23 Mar 2023 1:42 pm
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peepee » 23 Mar 2023, 10:22 am » wrote: Image   Image  

...much more importantly than this is the fact that everyone involved in this ^^^^ $tory is a f@cking monetary ignoramus who works their gaping hole about some 'illion-dollar economy' absent a clue as to the hideous origin and nature of even one dollar!... wordle...  Image

Peepee on fist date:

"Hi I am peepee.  I like to spend my days posting the same 2 lame phrases hundreds of times on the internet, and my night gently sobbing and weeping.  Whats your name?"
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Deezer Shoove
23 Mar 2023 3:07 pm
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peepee » 23 Mar 2023, 11:39 am » wrote: ...always remember, if someone asks any of you republicrat-level retards [and monetary ignoramuses], 'WHO CREATES OUR MONEY/UNIT OF ACCOUNT AND HOW DO THEY DO IT'? one of two things WILL happen: 1.) you remain silent or 2.) some absolute  Image   $hit will emanate from your holes!... wordle...  Image   Image  

Image
Moron, are you following me again?
Aren't you a genius?
All geniuses follow average slobs... and use fake words.

Try to contribute at least.
I tried at least. It was wildly over your head, but I tried...
:wah:   :wah:   :wah:   :wah:  
Please seat yourself.

Image

I like the very things you hate.
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23 Mar 2023 5:21 pm
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peepee
23 Mar 2023 5:53 pm
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SJConspirator » 23 Mar 2023, 1:42 pm » wrote: SJC on fist date:

"Hi I am SJC.  I like to spend my days posting the same lame ism :drool:  jism, lame opinions about puppet$/puppetry, and lame opinions  :o   about an illion-dollar economy even though I'm a butt-ignoramus as to the origin and nature of even one dollar...
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Zeets2
23 Mar 2023 6:14 pm
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LowIQTrash » 23 Mar 2023, 9:55 am » wrote: Retarded Democrats cheer the BLS' monthly job numbers report showing Bidumb's "strong economy."

C) Assuming the demand for labor is outstripping supply, you should see a sustained increase in wages (this is not happening). All of those so called "wage gains" were eviscerated by inflation. 

D) Companies are running with fewer personnel than ever before; this means aggregate worker income is dropping despite hourly wages rising. Many current employees have to do the jobs of 1.5-2 former employees and I can confirm this based on talking with my (poor) W2 friends, lol.

If that's too difficult to understand, picture this:

So let's say in small town **** in Arkansas, there used to be 3000 employed back in 2019. Thanks to the globalist/banker/international finance cabal unleashing a flu so they can scare you into injecting yourself with their serum, many have not returned to work for various reasons. The structural shift (dysfunction) now means only 2500 are working in ****, AR. 

Those 2500 need a 20% wage increase to match what those 3000 earned (add in another 20% for real inflation).


Great, you can now skip your Labor Econ class.
I truly wish you would explain to me why it is that you think a business owner must maintain the same payroll dollar amount AFTER they shed 500 workers?
Does that really make sense to you?  Because it sounds pretty idiotic to me!

Oh, and by the way, I hope you're not expecting any semblance of a wage hike for them any time soon.  Certainly not when the idiot you elected (just a presumption on my part) has already invited in several million unskilled and uneducated illegals, most of which don't even speak the language.  So, do you LIKE seeing American citizens competing with those millions of hungry illegals for a minimum wage job?  How many years do you think it will take to absorb that many new crop pickers and busboys?
Maybe you should get used to those **** wages you're currently receiving.  And you have Biden (and yourself) to thank for it! 
 
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peepee
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Zeets2 » 23 Mar 2023, 6:14 pm » wrote: I truly wish you would explain to me why it is that you think a business owner must maintain the same payroll dollar amount AFTER they shed 500 workers?
Does that really make sense to you?  Because it sounds pretty idiotic to me!

Oh, and by the way, I hope you're not expecting any semblance of a wage hike for them any time soon.  Certainly not when the idiot you elected (just a presumption on my part) has already invited in several million unskilled and uneducated illegals, most of which don't even speak the language.  So, do you LIKE seeing American citizens competing with those millions of hungry illegals for a minimum wage job?  How many years do you think it will take to absorb that many new crop pickers and busboys?
Maybe you should get used to those **** wages you're currently receiving.  And you have Biden (and yourself) to thank for it!
...take it easy on him...he's a monetary ignoramus but he's surely not as ignorant about it as you... wordle  ;)  
 
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Zeets2
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peepee » 24 Mar 2023, 7:08 am » wrote: ...take it easy on him...he's a monetary ignoramus but he's surely not as ignorant about it as you... wordle  Image
Maybe a dope like you can explain how someone who you claim to be a "monetary ignoramus" like me can have had a successful career owning 5 businesses that have made him wealthy?

Simply tell us what it is that a nitwit like you who claims to be an expert has achieved that's comparable?
And if you can't, how can you possibly claim to know our monetary system better than someone who has?

Of course, you're always free to admit what a moron you are, and that the great wisdom you possess related to money hasn't helped you escape the dire poverty you suffer with?
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LowIQTrash
24 Mar 2023 4:17 pm
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SJConspirator » 23 Mar 2023, 1:39 pm » wrote: its a good thing BV left.  This would have filled him with both fury and despair
Ironically, I think BV would agree with at least 70% of what I posted. Nothing I wrote can't be confirmed simply by talking with a small sample size of hiring managers or people renting/living paycheck to paycheck. 

From an economics perspective, it doesn't matter whether you're a IWW-style socialist or some Trumptard who thinks corporate tax cuts will create jobs (spoiler: they don't); the spending of the bottom 50% of income earners matters greatly when it comes to the health of the overall economy, something our friend Skans is still having difficulty figuring out simply because he disdains poor people. 
 
 
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LowIQTrash
24 Mar 2023 4:22 pm
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Zeets2 » 23 Mar 2023, 6:14 pm » wrote: I truly wish you would explain to me why it is that you think a business owner must maintain the same payroll dollar amount AFTER they shed 500 workers?
Does that really make sense to you?  Because it sounds pretty idiotic to me!

Oh, and by the way, I hope you're not expecting any semblance of a wage hike for them any time soon.  Certainly not when the idiot you elected (just a presumption on my part) has already invited in several million unskilled and uneducated illegals, most of which don't even speak the language.  So, do you LIKE seeing American citizens competing with those millions of hungry illegals for a minimum wage job?  How many years do you think it will take to absorb that many new crop pickers and busboys?
Maybe you should get used to those **** wages you're currently receiving.  And you have Biden (and yourself) to thank for it!
First of all, I don't receive a "**** wage."

Second of all, if you read the first few sentences, I mocked the Diaper **** in the WH, so what makes you think I voted for Democrats?

Third of all, I do not support illegal immigration. 

Fourth of all, I'm talking about the HEALTH OF THE OVERALL ECONOMY. This is a thread about economics, not how much money you or anyone else THINKS people "should be making." 

Fewer people in workforce + wages not rising quickly = lower aggregate consumption thus resulting in a weak economy. I'm dispelling a common economics myth (peddled by the same Democrats you despise), please don't misinterpret the primary intent of this thread. 
 
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Pastor Blast
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LowIQTrash » 23 Mar 2023, 9:55 am » wrote: Retarded Democrats cheer the BLS' monthly job numbers report showing Bidumb's "strong economy."

What few people know is that, assuming the numbers aren't intentionally fraudulent, the methdology/heuristics is fatally flawed. What the BLS presumably does as part of its data collection is scour sites like Indeed and LinkedIn looking at the # job openings. 

A) According to a small business lending firm's poll of 1000 hiring managers (this blurb came from WSJ) almost half of the listings aren't for "real" positions. They're there to give potential investors the ILLUSION "muh company is still GROE-ing, plz gif me munney!"

https://www.reddit.com/r/recruitinghell ... are_button

B) Jobs, assuming they are real, are frequently posted on multiple sites. And I severely doubt BLS employees have the intellect or motivation to account for duplicates (I assume the easiest method is to poll HR or hiring managers and ask how many sites they post on then do an adjustment - crude but simple)

C) Assuming the demand for labor is outstripping supply, you should see a sustained increase in wages (this is not happening). All of those so called "wage gains" were eviscerated by inflation. 

D) Companies are running with fewer personnel than ever before; this means aggregate worker income is dropping despite hourly wages rising. Many current employees have to do the jobs of 1.5-2 former employees and I can confirm this based on talking with my (poor) W2 friends, lol.

If that's too difficult to understand, picture this:

So let's say in small town **** in Arkansas, there used to be 3000 employed back in 2019. Thanks to the globalist/banker/international finance cabal unleashing a flu so they can scare you into injecting yourself with their serum, many have not returned to work for various reasons. The structural shift (dysfunction) now means only 2500 are working in ****, AR. 

Those 2500 need a 20% wage increase to match what those 3000 earned (add in another 20% for real inflation).

1.2 × 1.2 = 1.44

(44% - it's multiplicative not additive you retards)

How many employees have gotten a 44% raise in their RESPECTIVE positions since 2020? 

"Yippee! Mcdonalds hired for $12/hr back in 2011 when 1 BR was $700/mo, now they're hiring for $16/hr in 2023 when 1 BR is $1400/mo!!!!!11111"

Great, you can now skip your Labor Econ class.

https://www.youtube.com/watch?v=sLaVHYkxd-0
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Zeets2
24 Mar 2023 5:44 pm
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LowIQTrash » 24 Mar 2023, 4:22 pm » wrote: First of all, I don't receive a "**** wage."

Second of all, if you read the first few sentences, I mocked the Diaper **** in the WH, so what makes you think I voted for Democrats?

Third of all, I do not support illegal immigration. 

Fourth of all, I'm talking about the HEALTH OF THE OVERALL ECONOMY. This is a thread about economics, not how much money you or anyone else THINKS people "should be making." 

Fewer people in workforce + wages not rising quickly = lower aggregate consumption thus resulting in a weak economy. I'm dispelling a common economics myth (peddled by the same Democrats you despise), please don't misinterpret the primary intent of this thread.
Sorry if I misread you.  But I've never heard of a capitalist thinking that a business payroll may never be reduced, no matter how many employees are fired.  And if it walks like a socialist and talks like a socialist, well, you know!

So assuming that's in the past, why would you ever think that wages should be rising now, at a time when Biden is welcoming in millions of illegals with minimal skills who don't even speak English and will be competing for those same jobs as poor and middle-class American citizens?  If I were to predict anything, it would be that we won't see wages rising in the slightest before this demented boob gets thrown out of the White House.
 
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SJConspirator
24 Mar 2023 7:54 pm
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LowIQTrash » 24 Mar 2023, 4:22 pm » wrote: First of all, I don't receive a "**** wage."

Second of all, if you read the first few sentences, I mocked the Diaper **** in the WH, so what makes you think I voted for Democrats?

Third of all, I do not support illegal immigration. 

Fourth of all, I'm talking about the HEALTH OF THE OVERALL ECONOMY. This is a thread about economics, not how much money you or anyone else THINKS people "should be making." 

Fewer people in workforce + wages not rising quickly = lower aggregate consumption thus resulting in a weak economy. I'm dispelling a common economics myth (peddled by the same Democrats you despise), please don't misinterpret the primary intent of this thread.

Zeets loves to build elaborate strawmen and beat the holy hell out of em
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Cannonpointer
24 Mar 2023 10:16 pm
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Zeets2 » 23 Mar 2023, 6:14 pm » wrote: I truly wish you would explain to me why it is that you think a business owner must maintain the same payroll dollar amount AFTER they shed 500 workers?
You need to explain where the **** you got the idea he was saying that.

He was clearly explaining that precisely the opposite is the case, which puts the lie to Biden's ****.
Zeets2 » 23 Mar 2023, 6:14 pm » wrote: Does that really make sense to you? 
Not a **** lick - Because it sounds pretty idiotic to me!
Zeets2 » 23 Mar 2023, 6:14 pm » wrote: Oh, and by the way, I hope you're not expecting any semblance of a wage hike for them any time soon.  Certainly not when the idiot you elected (just a presumption on my part)
A stupid one, since he is expressly engaged in exploding Biden's ****.

Here's a thought - read and UNDERSTAND the OP. Posts like this one are what convinced me you were bull-**** about your bona fides.
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