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Detroit Files for Largest Municipal Bankruptcy in US History

Dapper Andy said:
You're describing unionized and crappy retail jobs which are on the way out.

People working 21st century middle class jobs are paid based on how they perform. "Seniority" is irrelevant in these jobs.
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"Crappy retail jobs" are on the way out? I disagree with you. I think we now have more jobs in this country that have to do with service than production. If we refuse to pay a decent wage for these same jobs we deserve what we get. That really is the bottom line.
 
rabbitcaebannog said:
"Crappy retail jobs" are on the way out? I disagree with you. I think we now have more jobs in this country that have to do with service than production. If we refuse to pay a decent wage for these same jobs we deserve what we get. That really is the bottom line.
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Wages are determined by supply and demand and between the employer / worker barter system. In other words you pay what the market demands.
 
rabbitcaebannog said:
"Crappy retail jobs" are on the way out? I disagree with you. I think we now have more jobs in this country that have to do with service than production. If we refuse to pay a decent wage for these same jobs we deserve what we get. That really is the bottom line.
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If government makes running a viable business as difficult as possible employees and the unemployed deserve what they get when/if they vote democrat.

All that money spent by businesses on excessive taxes and regulations could be put to better use - like growing the business, hence adding more employees.

But hey, most don't want jobs - they want free handouts from our government.

That's how cities like Detroit are destroyed. When those who create jobs pack their **** up and leave while those dependent on government handouts (welfare, inflated pensions or other entitlements) stay behind -- the cities liabilities exceed their revenue.
 
rabbitcaebannog said:
I did, but I will re-post.
DETROIT EFM

Pensions were impacted and that is how the topic came up.
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Predatory lending to Detroit? Really? If UBS did help rig LIBOR then it would have helped Detroit by keeping the base loan rate low.

Detroit was happy to sign for the loan and this isn't little old grandma getting ripped off by Wall Street this is the culmination of years of bad management!
 
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