The power of creative destruction, in 1 picture

[mazinger_z]

@Le_Jacquelope

Such as? Factcheck.org even explains the middle class is shrinking.

While you’re at it, go look up “plutocracy” while you’re at it.

And Middle Class is defined as what again? See the other thread on the topic. Your arguments demonstrate nothing but a class warrior mentality.

@Le_Jacquelope

It happened because the economy was lying to itself. Ever heard of a house of cards?

This argument reminds me of the people who claim not be smokers because they only smoke on the weekend or while they’re drinking. They’re still smokers. Transactions still occurred, purchases were made. Why do you continue to refute this? Take off the blinders.

@Le_Jacquelope

No one anywhere on here has ever refuted the fact that we’re bleeding research jobs overseas. Show where that has happened. Go look up biotech offshoring if you believe it is untrue.

Even if true, so what? Before you drudge up any other “explanation” you have to first overcome your “fixed-pie” mentality. Just face it, there are not a finite number of jobs out there. History has shown that there is not a fixed amount of wealth. There, you should be able to understand that argument.

@Le_Jacquelope

Wrong. AGAIN. In manufacturing, American productivity outsizes China’s by a factor of 9 to 1. (cite: http://www.msnbc.msn.com/id/20572828/) Bringing the work back here would mean a 5x increase in labor price and a 9 to 1 drop in work hours needed to produce the goods. The cost of iPods (originally $300) would be multiplied by 5/9, depending on how well worker productivity interacts with the machinery.

I’m amazed that you don’t understand the basic concept of productivity and its relationship with wages when calculating the price of goods. Oh no, wait, I’m not surprised.

Let’s start with the simple stuff.
Factory A: Johnny is working for $5 an hour and he produces 9 iPods an hour.
Factory B: Richard is working for $1 an hour and he produces 1 iPod an hour.

Which factory produces iPods at the cheapest cost?

Comparative Advantage. There is a lot to process there, be sure to click through all the links. And, before you tell me that “things are different now” or other such nonsense, to use one of your favorite arguments, for surely you will comprehend, “history has shown comparative advantage to work, since the 1870’s” (actually even before that as it was happening before people realized it was happening). To ignore comparative advantage irrefutably demonstrates a lack of knowledge of productivity.

@Le_Jacquelope

That isn’t even what I’m saying.

Except, that’s what you said. Quote: “In that case who will they have for customers?” (in reference to business not hiring.)

@Le_Jacquelope

If one company lays off its staff and moves overseas, that doesn’t hurt the overall economy. But when thousands of companies do this and MILLIONS of jobs are lost as a result, that’s a lot of people who are earning $0 and will not be able to afford goods at any price. The more workers get laid off the more won’t be able to afford anything. It’s like pissing in a big pool: one swimmer won’t be a problem but get 100 people on the side taking a whizz and you’ve got problems for everyone in the pool.

Furthermore you have yet to show how sending jobs offshore creates jobs in other areas. A lot of companies simply pocket the profits. Case in point: the ginormous cash reserves corporations are amassing right now.

That’s right because jobs will never come back. Resources will sit here idly until entropy. [/sarcasm]

[emacknight]

@Le_Jacquelope

…that’s a lot of people who are earning $0 and will not be able to afford goods at any price.

Given that this is the central theme to, well, everything you write about, you should know that it’s wrong.

You’ve got multiple threads going now where you bitch about unemployment, offshoring, “and people who are earning $0.”

@wiki

In 2005, 42% of American households had two income earners. The vast majority (77%) of households in the top quintile had two or more income earners.

cite

So of those 16million unemployed that you are so desperate to help, how many are part of a household in which one family member continues to work?

In that case, are they still earning $0? When they report to the IRS, is there a section for, “I was offshored so I earn $0?”

I ask this knowing you are obviously unaware of what married-filing-jointly is, go upstairs and ask your mom what “filing taxes” is and what it means to “file jointly.”

My wife bought an ipod while we lived off one income, she broke it a few weeks later and bought another. We also bought a car, tv, clothes, paid rent. The first time she got laid off we spent 3 weeks in Spain. You’d be amazed what a household can do with one income, you’ll learn that soon, history proves it.

[emacknight]

@Le_Jacquelope

Wrong. AGAIN. In manufacturing, American productivity outsizes China’s by a factor of 9 to 1. (cite: http://www.msnbc.msn.com/id/20572828/) Bringing the work back here would mean a 5x increase in labor price and a 9 to 1 drop in work hours needed to produce the goods. The cost of iPods (originally $300) would be multiplied by 5/9, depending on how well worker productivity interacts with the machinery.

I’m amazed that you don’t understand the basic concept of productivity and its relationship with wages when calculating the price of goods. Oh no, wait, I’m not surprised.

Let’s start with the simple stuff.
Factory A: Johnny is working for $5 an hour and he produces 9 iPods an hour.
Factory B: Richard is working for $1 an hour and he produces 1 iPod an hour.

Which factory produces iPods at the cheapest cost?

It currently costs Apple about $100 to produce an ipod. What you’re saying is that if they moved to the US they could produce that same ipod for $56, and increase their profit (of about $100 per unit) by 50%.

Why are you wasting your time here? Go tell Apple this, they’d probably pay you a big fat commission for increasing their profits 50%. And they’ll probably fire the hundred or so people they pay to figure out how to produce ipods at the lowest possible cost. If only you had told them sooner all of this could have been avoided. You single handedly failed to stop offshoring. Don’t bother with a petition, get out there and tell all those computer manufacturers that they could reduce costs by 5/9 if only they were in the US.

Hell, start your own, make an ipod variant that costs $250 instead of $300 and witness for yourself what the law of supply and demand is. You’ll be loaded, wait, no, you’ll pass all those profits on to your obscenely well paid staff, taking nothing for yourself but the smug satisfaction that you screwed over those evil little Chinese/Indians who tuk’r’jabs.

DE TUK ER JABS!

Brovo to you for bringing them back.

[emacknight]

@treis

There are certainly some advantages to the European system, but on the flip side, the taxes in the U.S. are much less, **unemployment is lower, **and the purchasing power of the population is much greater. So yeah, an engineer in the U.S. might have 30gs in loans after school, but he is more likely to find a job, have a higher salary, and pay less of his income in taxes.

Germany’s unemployment rate is around 6.7%, the current rate in the US is just over 9%. Taxes in the US might technically be “less” but not by much. If you factor in health care costs it’s not much less at all.

[treis]

@emacknight

Germany’s unemployment rate is around 6.7%, the current rate in the US is just over 9%. Taxes in the US might technically be “less” but not by much. If you factor in health care costs it’s not much less at all.

No, that’s not true. Accounting for all levels of government, Germany takes in 36% of their GDP as taxes, while the U.S. takes in 26.9% cite. The difference in health care spending isn’t enough to make up that gap.

While it is true that Germany currently has a lower unemployment rate, that has not been the historic case. Their unemployment rate is at a decades low, while ours is at a decades high. Historically, the German unemployment rate has been 3-4% points higher than the U.S.

[emacknight]

@treis

No, that’s not true. Accounting for all levels of government, Germany takes in 36% of their GDP as taxes, while the U.S. takes in 26.9% cite. The difference in health care spending isn’t enough to make up that gap.

While it is true that Germany currently has a lower unemployment rate, that has not been the historic case. Their unemployment rate is at a decades low, while ours is at a decades high. Historically, the German unemployment rate has been 3-4% points higher than the U.S.

Historically? So what? Germany and Canada, currently have lower unemployment than the US and have for a while now.

And as you pointed out, Germany (and probably Canada) takes in more of their GDP in taxes. Maybe that’s why their unemployment is lower. You were trying to suggest that high taxes meant higher unemployment, well, now we have data that shows high taxes and low unemployment, vs low taxes and high unemployment.

It’s possible the conservative mantra of “lower taxes is more gooder” doesn’t always work.

[Le_Jacquelope]

Wow, the more you talk the less you seem to know about economics…

@mazinger_z

And Middle Class is defined as what again?

I cited for you a link, dude. READ!!!

Factcheck.org defined it as the $25,000 to $75,000 income range. Is that not broad enough for you? Those below $25K a year are growing TWICE as fast as those above $75K a year. Or are you saying they’re idiots, too?

See the other thread on the topic. Your arguments demonstrate nothing but a class warrior mentality.

And to claim that there isn’t a class war is to hide behind total ignorance. Actually, it’s less of a war, than a one-sided game of predation. Have you looked up “Plutocracy” yet?

Even if true, so what? Before you drudge up any other “explanation” you have to first overcome your “fixed-pie” mentality.

Oh, the pie is always growing - at least, on paper it is. As long as the ponzi scheme we call the fracked reserve economy doesn’t collapse in on itself. That said, the pie is expanding greatly for the rich - not so much, however, for the working class. In fact for them it’s shrinking.

Just face it, there are not a finite number of jobs out there. History has shown that there is not a fixed amount of wealth. There, you should be able to understand that argument.

There are plenty of jobs being created - outside the country.
Most of the wealth is being concentrated toward the top.

Both well-established facts.

Your lame argument of whether there is a fixed amount of wealth is irrelevant - what is relevant is who is getting any of that wealth.

Comparative Advantage. There is a lot to process there, be sure to click through all the links. And, before you tell me that “things are different now” or other such nonsense, to use one of your favorite arguments, for surely you will comprehend, “history has shown comparative advantage to work, since the 1870’s” (actually even before that as it was happening before people realized it was happening). To ignore comparative advantage irrefutably demonstrates a lack of knowledge of productivity.

Your lack of knowledge of the concept of comparative advantage and all these other words you throw around borders on a personal attack… against you… by you.

Your own cite says comparative advantage is not suitable for dealing with long-term economic development. In layman’s terms comparative advantage is a short-sighted mindset. That, and comparative advantage cares only about the mobility of capital. One of its fatal weaknesses is that it doesn’t factor in the IMMOBILITY of labor.

And so what if Comparative Advantage has worked since the 1870s? We knew all the way up until the 1970s that you couldn’t have stagflation.

Man, so many holes in your argument, so little time.

That’s right because jobs will never come back. Resources will sit here idly until entropy. [/sarcasm]

Well, you can feel free to speak up when they ever do come back.

Somewhere, over the rainbow, when pigs fly! :rolleyes:
Look, dude, answer one simple thing for us:
Are 16 million people better off without jobs, or with jobs?

[Le_Jacquelope]

@emacknight

It currently costs Apple about $100 to produce an ipod. What you’re saying is that if they moved to the US they could produce that same ipod for $56, and increase their profit (of about $100 per unit) by 50%.

Why are you wasting your time here? Go tell Apple this, they’d probably pay you a big fat commission for increasing their profits 50%.

They’d probably be as likely to listen to me as the big banks listened to Nouriel Roubini when he warned that we were headed for an economic crisis. Or GM when the market was warning them that gas guzzling vehicles weren’t popular anymore.

You assume that companies act rationally. They don’t.

And they’ll probably fire the hundred or so people they pay to figure out how to produce ipods at the lowest possible cost. If only you had told them sooner all of this could have been avoided. You single handedly failed to stop offshoring. Don’t bother with a petition, get out there and tell all those computer manufacturers that they could reduce costs by 5/9 if only they were in the US.

Hell, start your own, make an ipod variant that costs $250 instead of $300 and witness for yourself what the law of supply and demand is. You’ll be loaded, wait, no, you’ll pass all those profits on to your obscenely well paid staff, taking nothing for yourself but the smug satisfaction that you screwed over those evil little Chinese/Indians who tuk’r’jabs.

DE TUK ER JABS!

Brovo to you for bringing them back.

Or maybe they’ll stay the course, keep laying off Americans and keep sending their jobs overseas until there’s no market here whatsoever… because the DOLLAR collapsed and iPods skyrocket to $2000 apiece!

:rolleyes:

What’ll happen to your free trade fantasy world then?

[treis]

@emacknight

Historically? So what? Germany and Canada, currently have lower unemployment than the US and have for a while now.

You don’t take two years of data over twenty unless you have an agenda to push.

@emacknight

And as you pointed out, Germany (and probably Canada) takes in more of their GDP in taxes. Maybe that’s why their unemployment is lower. You were trying to suggest that high taxes meant higher unemployment, well, now we have data that shows high taxes and low unemployment, vs low taxes and high unemployment.

It’s possible the conservative mantra of “lower taxes is more gooder” doesn’t always work.

No one denies that there are other factors in an economy. For example, the U.S. is coming off a housing bubble and the worse economic crisis in living memory. On the other hand, Germany is working with an artificially low currency and largely avoided the current economic crisis. Even given these factors, Germany’s unemployment rate is still above the historic U.S. average, and the U.S. unemployment rate is at the historic German average. The fact that you take this as some sort of victory for Germany, just shows that you are reaching for facts to back up your preconceived notions.

[emacknight]

@Le_Jacquelope

Wow, the more you talk the less you seem to know about economics…

That was awesome. In a thread titled “The power of creative destruction, in 1 picture” in which the picture talked about job recovery following recessions, having nothing to do with creative destruction. You followed that brilliant incite with several pages insisting that tariffs would be good for the US economy. And then failed to demonstrate that you grasp even the smallest of topics like supply and demand.

Do tell us, where did you study economics? Was it a highschool credit? Did you major in econ at Harvard? Perhaps an afternoon seminar at the local library? Overhear your dad talk about it at the dinner table?

And please, tell the rest of us how little we know about economics, it really blusters your case.

@Le_Jacquelope

Your lame argument of whether there is a fixed amount of wealth is irrelevant - what is relevant is who is getting any of that wealth.

Why?

[emacknight]

@Le_Jacquelope

Look, dude, answer one simple thing for us:
Are 16 million people better off without jobs, or with jobs?

What does that even mean? How many times are you going to harp about 16million people without jobs.

Tell us something, has there ever been zero unemployment? Would we want that?

We need unemployment, it’s the only way for growth. Without unemployment a business can’t start because there is no one to be employed. I’ve been hiring lately and I love high unemployment. It means I get multiple applicants, good applicants. When unemployment was low in 2006 job applicants were crap, they were the dregs of society, the leftovers and unemployables no one else wanted. I just hired the most amazing guy I intend to move to management, 6 months ago he was content in a crappy job but was “employed.” He’s better off now, because of unemployment.

Tell us, does it matter what kind of job? Are all jobs the same? Is having a shitty dead-end job that barely pays minimum wage better than being unemployed for a month before you find something better?

[emacknight]

@Le_Jacquelope

They’d probably be as likely to listen to me…

But all you have to do is show them that picture in your OP, and then show them the 5/9 figure, and then tell them how everyone in America will have hire wages.

Or start your own company and compete. If you can do it at 5/9th of what they do you’ll be successful without having to offshore. I smell a Nobel Prize in your future.

Hell, just start factories and offer to produce at 5/9th the cost? Apple will come to you with a wheelbarrow full of cash.

[Le_Jacquelope]

@emacknight

What does that even mean? How many times are you going to harp about 16million people without jobs.

Not how many times… how long. Answer: as long as it remains true that there are 16 million people without jobs.

Tell us something, has there ever been zero unemployment? Would we want that?

There’s a big difference between zero unemployment and 16 million people out of work. Your argument is not holding water here.

We need unemployment,

Now THAT is an insane argument.

it’s the only way for growth. Without unemployment a business can’t start because there is no one to be employed.

An absolute laughable bullshit argument.

Even when unemployment is below 4%, people with jobs apply to other jobs. Employers are always stealing good employees from other businesses. I stole a good employee from an employer once last year. And once the year before.

I’ve been hiring lately and I love high unemployment. It means I get multiple applicants, good applicants.

Now it’s fairly obvious you are spouting propaganda. No expert in economics comes off with arguments this shallow.

Good applicants come to good businesses whether unemployment is high or low.

When unemployment was low in 2006 job applicants were crap, they were the dregs of society, the leftovers and unemployables no one else wanted.

And no one who had a job found your business to be attractive enough to apply to? Really? That reflects on you, son, not them.

I just hired the most amazing guy I intend to move to management, 6 months ago he was content in a crappy job but was “employed.” He’s better off now, because of unemployment.

That’s gotta be by far the most insane argument in the history of SDMB. Or economics in general. NOBODY is better off because of unemployment.

Tell us, does it matter what kind of job? Are all jobs the same? Is having a shitty dead-end job that barely pays minimum wage better than being unemployed for a month before you find something better?

A month? A month? People who lose their jobs to offshoring spend more than a month out of work. And they tend to get lower paying jobs that suck. The rest? Well they pretty much spend years in college retraining and amassing ruinous debt only to find the job they trained for has left overseas, too.

Tell ya what… one of the next big crashes will come in the student loan market. If not THE next big one.

People who spout arguments like yours, when they get real political power, tend to reap massive civil unrest.

Your problem here is you do not seem to understand one whit of the reality that is unfolding right now in front of your face: the creative destruction, the structural changes in this economy, is all destruction and ZERO creation for the working class… at least not in the U.S.

You know what would be good for those 16 million people you seem to have ZERO empathy and zero concern for? If they could leave the country and pursue some semblance of a paycheck somewhere else. Because absolutely NOTHING is worse than being jobless - in this country or anywhere else. A paycheck is always better than no paycheck. Because paychecks put food on your table.

[Le_Jacquelope]

@emacknight

But all you have to do is show them that picture in your OP, and then show them the 5/9 figure, and then tell them how everyone in America will have hire wages.

Or start your own company and compete. If you can do it at 5/9th of what they do you’ll be successful without having to offshore. I smell a Nobel Prize in your future.

Hell, just start factories and offer to produce at 5/9th the cost? Apple will come to you with a wheelbarrow full of cash.

Ah yes, appeal to authority. Apple does it, therefore it must be wise.

You remind me of the people who said AIG was wise for trading in the subprime market.

I wonder what Apple is going to do when the dollar takes a dump and imports skyrocket in price?

[emacknight]

@Le_Jacquelope

You know what would be good for those 16 million people you seem to have ZERO empathy and zero concern for?

Sure, and you show zero concern for the remaining 300million Americans, and complete disregard for the the 100million currently employed. To suggest tariffs is a willful ignorance, or and outright antipathy towards everyone still employed. So you got laid off and now you want to fuck everyone that wasn’t. Poison the well. Doesn’t matter to me, I have mobility, I go where the jobs are. If I could get comparable quality of life in China I’d be there next week.

@Le_Jacquelope

If they could leave the country and pursue some semblance of a paycheck somewhere else.

Why can’t they? I did, millions of immigrants come to the US every year, and millions of Americans emigrate every year.

@Le_Jacquelope

Because absolutely NOTHING is worse than being jobless - in this country or anywhere else. A paycheck is always better than no paycheck. Because paychecks put food on your table.

Nothing is worse? Perhaps a bit of hyperbole? Lots of people get laid off every year, most get a nice fat severance, enjoy some vacation time, and start back up at work after a few months.

And I know you saw my link to dual income families right? You are aware of what “unemployment” actually means right? It doesn’t mean earning $0 as you so often write. Anyone with half a brain has 3 months living expenses saved. As you said, lots of people predicted the crash, I did and made a nice profit of DXD and SKF. In May before it happened my wife and I planned out what happens if one of us gets laid off. We have that discussion ever spring when her company has lay-offs. There are worse things in life than being unemployed. You’ll understand that after you get you get out of highschool and have your first job.

I’d still like to know if you’ve ever actually taken an economics course, or ever had a job. Neither seem plausible with your current level or rhetoric.

I’d still like to know: if Apple can sell a million ipods at $300, will the sell [more/same/less] if the price was raised to $1500?

And I’d like to know if there a price high enough where the demand for ipods would stop?

Feel free to show that you actually know something about economics, or just keep telling us about how bad it is for the 16million unemployed. Either way is fine with me.

Anything else I have to say is better left in your many pit threads.

[emacknight]

@Le_Jacquelope

Ah yes, appeal to authority.

HAHAHAHAHAHAHA

Now you act like you know what appeal to authority means?

but but but, what if 86% of people think something? Then what?

Glad to see you finally got around to looking that up. Now look up what a tariff is.

@Le_Jacquelope

I wonder what Apple is going to do when the dollar takes a dump and imports skyrocket in price?

You mean you don’t know??? I’m shocked! You are so wise about so many things. Surely they’d move to where they can cut production costs by 5/9th.

[emacknight]

@Le_Jacquelope

I wonder what Apple is going to do when the dollar takes a dump and imports skyrocket in price?

Wait a second, did you really just ask that?

Seriously, what is Apple going to do when imports skyrocket in price? You mean, like when you implement tariffs?

Really, did you just ask that?

We all know what Apple will do, which is what we’ve been telling you for the past 4 pages. You are once again the only one who doesn’t know. But yet, you want to impose tariffs, which would increase their import prices.

If you need me I’ll be in the pit, there is nothing left to “debate.”

[Le_Jacquelope]

@emacknight

Sure, and you show zero concern for the remaining 300million Americans, and complete disregard for the the 100million currently employed. To suggest tariffs is a willful ignorance, or and outright antipathy towards everyone still employed.

You keep claiming this but you have nothing to back it up with. You don’t even comprehend the fact that wages go up along with prices. It’s the second face of the inflation coin.

So you got laid off

I did? When did that happen? Or is this an example of you engaging in assumption?

and now you want to fuck everyone that wasn’t. Poison the well. Doesn’t matter to me, I have mobility, I go where the jobs are. If I could get comparable quality of life in China I’d be there next week.

Plenty of rich people live well in China right now. Shows what you know.

Why can’t they? I did, millions of immigrants come to the US every year,

Because you don’t have to prove $11,000 in assets to move here. You pretty much just walk across the border, worst case scenario. You can’t do that in other countries.

How many unemployed Americans do you know can afford a boat ride to Australia?

and millions

Millions? I call bullshit.

of Americans emigrate every year.

Perhaps the ones with money. Other countries don’t want jobless Americans fleeing there.

Nothing is worse? Perhaps a bit of hyperbole? Lots of people get laid off every year, most get a nice fat severance, enjoy some vacation time, and start back up at work after a few months.

Not in this economy.

And I know you saw my link to dual income families right?

Fat lot of good your link does when, as is happening a lot now, both lose their jobs. And now there are more homeless whole *families[/]i out there.

Of course in your world there’s always worse than being homeless. :rolleyes:

You are aware of what “unemployment” actually means right? It doesn’t mean earning $0 as you so often write.

There’s always robbing banks.

Anyone with half a brain has 3 months living expenses saved.

So everyone who is living paycheck to paycheck because their job doesn’t hardly meet their rent and sky-high health insurance has no brain? Man, your argument reeks with arrogance and ignorance.

As you said, lots of people predicted the crash, I did and made a nice profit of DXD and SKF. In May before it happened my wife and I planned out what happens if one of us gets laid off. We have that discussion ever spring when her company has lay-offs. There are worse things in life than being unemployed.

Well, there’s being homeless, for one. Or dead.

You’ll understand that after you get you get out of highschool and have your first job.

Ah, another moderator-approved personal attack, claiming I never got out of high school and never had a job. Your arguments portray you as someone who never got into high school in the first place.

I’d still like to know if you’ve ever actually taken an economics course, or ever had a job. Neither seem plausible with your current level or rhetoric.

I’d like to know if you have a life. Judging by what you’ve posted that, along with your supposed high school education, seems highly unlikely.

I’d still like to know: if Apple can sell a million ipods at $300, will the sell [more/same/less] if the price was raised to $1500?

False dilemma. American productivity would keep iPod prices FAR below $1500; perhaps even below $300. That’s not even counting China’s defect rate. But since Apple tells you otherwise that automatically makes them right. Your premise sucks.

[Le_Jacquelope]

@emacknight

Wait a second, did you really just ask that?

Seriously, what is Apple going to do when imports skyrocket in price? You mean, like when you implement tariffs?

Boy, you just don’t get it. At the rate we’re going the dollar is going to collapse anyway. It’s you who doesn’t understand.

This constant pattern of sending jobs overseas is going to result in a dollar crash - which’ll result in a far higher rise in import prices than tariffs will ever bring about.

You say I don’t know this? Hell, I’ve been telling YOU guys this for weeks.

Go run to the Pit, dude. You can’t debate.

[emacknight]

@Le_Jacquelope

Millions? I call bullshit.

http://whiskeyandgunpowder.com/us-emigration/

A recent Barron’s article, written by Bob Adams, breaks down the Zogby/New Global Initiatives data as follows:

*
  1.6 million (U.S. households) have already made the decision to leave
*
  1.8 million are seriously considering and likely to leave
*
  7.7 million are somewhat serious about leaving and may do so
*
  3 million are seriously considering purchase of non-U.S. property
*
  10 million are somewhat serious about purchase of non-U.S. property

Adding it all up, some 10% of all U.S. households are looking to leave the country, while another 11% are considering living outside the U.S. at least part time.

Americans Emigrating to Canada

and

Answerbag Resource Busy -- Start a conversation. Have some fun.

"Erica Alini highlights an Association for Canadian Studies report [PDF] showing the number of Americans emigrating to Canada has hit a 30 year high, with nearly 11,000 headed north. "

That’s 11,000 to Canada alone.

Got a car? Computer? There’s $11,000 in assets. Who is currently unemployed without $11,000 in 401(k)?

Would you like ketchup with that crow?