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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (64750)7/17/1999 3:35:00 PM
From: put2rich  Read Replies (1) | Respond to of 132070
 
Mike,
I shopped at a big chain supermarket yesterday (in Orange County, Calif.) and the check-out lines were so long. I asked a worker and she was overtired and frustrated that managers pulled half of workers out to a new one, without a replacement. To me it seems that many low paid workers have to work 50% harder with 5% raise or less just to show more profits so upper management can reap outrageous stock options.
In general stock market bubble is benefitting very few people, I think. Some of my professional friends are lucky in getting close to 7 figures in stock options working just 2 years for hi-flying hi-tech companies. I still don't know how the pain to the suffering mass (those who works for less than 30K a year in expensive areas of California) when the bubble bursts? I guess the working poor gets more punishment then?
Regards,



To: Knighty Tin who wrote (64750)7/18/1999 2:30:00 AM
From: PaperChase  Read Replies (4) | Respond to of 132070
 
MB. The bubble is a myth. I'm going to keep saying this until others finally listen...buy any dip. It is too late for you but maybe others can be saved from being a bear. <g>

I like this line in that article,

""That's why bubble talk ... consists of emotional stories, vague formulations and sensational warnings," he said."

Gosh, that statement kind of reminds me of this thread.