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Showing posts with label income inequality. Show all posts
Showing posts with label income inequality. Show all posts

Tuesday, April 3, 2018

The Importance of Adapting or Becoming Obsolete


 

Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

 

 


The Importance of Adapting or Becoming Obsolete

In order to take advantage of our options during uncertain times one must be able to adapt.

The other day I was reading a Bloomberg article about how income inequality in the U.S. has hit a disturbing new threshold.

It went on about the fact that wage growth is ridiculously slow, despite our near full employment situation… that African Americans and women are still disadvantaged… and that the wealthiest are accumulating more money than ever.

Really, none of it surprised me. This is one of the issues that boosted Trump into the White House.  I also ran a four-part series on the growth of artificial intelligence and its eventual widespread growth and replacement of jobs here and throughout the world…as most have their head buried in the sand, few expressed concern [other than Elon Musk].

Trump is an excellent example of someone who adapts and has done so to a variety of business and political landscapes over the years…I’m unsure if he’ll survive the multiple attacks against him from the Deep State and the relentless negative media.  Then again, I predicted this in these pages the month before he took office.   I know I would not be able to withstand the onslaught.  In any event…

Here are 5 ways to increase your options right now:

  • Learn a new professional skill. If your company goes bust right now, would you be able to get another job doing exactly what you’re doing in your current gig? If not, you need to expand your skillset. This kind of learning can create asymmetric payoffs – skills often work together synergistically.
  • Start a side hustle. Work on something on the side. Again, if everything goes to sh*t it’s nice to have options.
  • Save money. It’s also nice to have options if things go well. Money in the bank gives you the option to take advantage of opportunities – be they investments or some amazing offer that requires you to quit your job. Money in the bank also makes it easier to transition if everything goes to sh*t.
  • Go to parties. Opportunities often come in the form of humans – both personal and professional. One of the best ways to meet people is by going to parties. I hate parties until I get to them, then they are always worthwhile.
  • Shift your perspective. I know. This is BS. But it’s also not. When you shift your perspective and become aware of more options, then you can take advantage of them. Train yourself to see your opportunities and what you could do to expand them even further.

 Adaptability: Learn How to Perform in the Present


“The problem is that we imagine that knowledge is what was lacking: if only we had known more, if only we had thought it through more thoroughly. That is precisely the wrong approach. What makes us go astray in the first place is that we are unattuned to the present moment, insensitive to the circumstances. We are listening to our own thoughts, reacting to things that happened in the past, applying theories and ideas that we digested long ago but that have nothing to do with our predicament in the present. More books, theories, and thinking only make the problem worse.

Understand: the greatest generals, the most creative strategists, stand out not because they have more knowledge but because they are able, when necessary, to drop their preconceived notions and focus intensely on the present moment.” -Robert Greene, The 33 Strategies of War

Abraham Lincoln put it more succinctly: “My policy is to have no policy.”

Robert Greene’s 48th law in The 48 Laws of Power is about remaining fluid. It’s about evolving into something other than you are in order to take advantage of a new situation. He explains the importance of adaptability in evolutionary terms:

“In the evolution of species, protective armor has almost always spelled disaster. Although there are a few exceptions, the shell most often becomes a dead end for the animal encased in it; it slows the creature down, making it hard for it to forage for food and making it a target for fast-moving predators. Animals that take to the sea or sky, and that move swiftly and unpredictably, are infinitely more powerful and secure.

Just because you’ve mastered a skillset doesn’t mean that skillset will continue to matter. A friend of mine was a well-known wedding photographer. When digital cameras began taking over, he refused to adopt the technology.

After years of refusal he became a sort of novelty. For a window of time he was the person to go to if you wanted old-school film prints. Ten years later, nobody cared about film anymore, they just wanted great images. Now he has finally made the switch and is slowly building up his clientele again.

When a machine takes over your job your best bet is to learn how to use the machine. Don’t hold on to your old-school way in the name of tradition.

It’s easy to think of castles or fortresses as symbols of protection. We think that if we become strong enough nothing can harm us. Remember France’s Maginot Line? It was an impenetrable series of fortresses built as a reaction to the German invasion in WWI.

When WWII came around, the Germans marched right around the line, making it totally useless. The French, instead of looking around at their current circumstances, reacted to a previous attack. They prepared for the past instead of the future. They spent a massive part of their national budget on digging their heels in.



Their refusal to adapt was even more expensive.

I might throw in another point…STOP giving attention to the meaningless drivel the media now passes off as news which in reality is nothing more than tawdry gossip revolving around innuendo and salacious nonsense which has little or zero meaning on your life.  Media such as the Huffington Post, Newsweek and even mainstream media participate in sensationalistic infotainment to boost ratings rather than provide you with anything of substance or meaning.

It seems to me the goal today of all parents and educators is to place their kids into a self-protective bubble safeguarding them from every possible harm which might come their way-even colleges provide “safe zones” and non-controversial speakers who won’t offend the tender ears of students…making them less prepared for the real world.  Progressive teachers in many systems are indoctrinating children [and severely punishing those who step out of line] against wayward thinking aka: capitalism is bad, our Founding Fathers were bad, guns are bad, etc. making children into immature adults.

Uncertainty has a paradoxical effect on the brain in which it causes both stress and the release of feel-good, motivation-heightening dopamine. Think about how much more often you check your phone when you’re waiting for a text from your crush, versus waiting for a text from someone you’ve been together with for a long time. Uncertainty is what drives you to keep pulling the arm of life’s metaphorical slot machine to see what comes up.

With more and jobs vanishing due to AI, what will you do to adapt?  Personally, within a few months I plan to go back to “school” to resume studies in cultural anthropology.  I want to learn why so many Americans are apathetic about learning.  Studies indicate humans are becoming ‘lost’ inside their shiny little devices such as iPods and communicate less and less with each other face-to-face and it is having an adverse affect on even the very young and their socialization abilities.  Parents are making a mistake by allowing pre-teens to own such cell phone as it providing an addictive platform at an early stage of life…

Bruce, the Poor Man, free thinker, social critic & cynic

 


Note:  Our Father’s Day Mega Survival Contest…we’ve decided to post this $500 package on eBay and donate 25% of the proceeds to either the VFW or the Wounded Warriors Project [I may simply decide that via a flip of the coin as both are worthwhile projects].  When we assemble the complete package and have a link, we’ll post it here & hopefully, some of you might bid on it…

 

 Final Notes…

Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

 

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Additional Resources

Your Free Middle Class Survival Kit

SAVE & MAKE Money

Researched by our editors and include 100s of tips, tricks and insider methods of saving money, earning extra money [many from the comfort of your home], the best places to live,  How to find little-known freebies, discounts and other benefits-over 2,000 programs!


 

or…


 

 
 
How to Survive the War on the Middle Class

14 of the best reports I’ve assembled on protecting your freedom-Download link.


 

Rosefield is a classic traditional cabin, which can be built for less than $6,000. The cabin is open plan, which has the advantage of making it far easier, cheaper and quicker to build than more intricate cabins with separate rooms. This particular plan also includes a detailed cabin assembly diagram and step-by-step instructions which includes a foundation guide.  [282sf’]


 


 


 


 


 





 

 

A Smoking Frog Feature, Shallow Planet Production

Tuesday, March 6, 2018

US STUDY: Income Inequality Persists After 50 Years of Government Meddling


 

Poor Man Survival

Self Reliance tools for independent minded people…


ISSN 2161-5543

A Digest of Urban Survival Resources

 


US STUDY: Income Inequality Persists After 50 Years of Government Meddling

The truth is, for most people, the situation is getting much, much worse…but everyone in the District of Corruption is too busy with its various witch hunts trying to distract the public or attempting to bury Trump or the NRA instead of focusing on constructive elements…just the usual “Wag the Dog” or band-aid cures and BS politics of America.

Trump has made an honest effort to bring jobs back to America and the numbers prove it…if he can get Congress off their fat asses and focused on the infrastructure vs. DACA and other sidetracking issues, we may even get MORE jobs and much needed work done to our nation which in many parts now resembles a third world country after years of neglect by both parties.

Of course, this is just my usual politically incorrect opinion…

From Bloomberg:

U.S. wage growth remains slow and uneven, with African-Americans and women still at a clear disadvantage while the wealthiest are accumulating more money than ever, a new analysis of census data shows.

Median real wages grew only 0.2% over the past year, according to a report released Thursday by the Economic Policy Institute, a progressive think-tank. Wages for African-Americans declined in most wage brackets, while women with graduate degrees made less money than men with only college degrees.

By contrast, those in the 95th wage percentile saw an average pay hike of 1.5% over the past year.

Years after the official end of the Great Recession, EPI argues wage growth remains too weak to consider the economy at full employment—or to warrant further interest rate hikes as Federal Reserve Chair Jerome Powell signaled are likely this year.

“You do see college wages rising faster than high school wages, but that differential is not nearly large enough to explain rising wage inequality in the economy today,” Gould said. And when it comes to education, she said it’s far from enough to cure inequality.

“You can’t educate yourself out of gender or racial wage gaps,” she said.

 

 



ALBUQUERQUE, N.M. (AP) — Barriers to equality pose threats to democracy in the U.S. as the country remains segregated along racial lines and child poverty worsens, according to study made public Tuesday that examines the nation 50 years after the release of the landmark 1968 Kerner Report.

The new report blames U.S. policymakers and elected officials, saying they’re not doing enough to heed the warning on deepening poverty and inequality that was highlighted by the Kerner Commission five decades ago and it lists areas where the country has seen “a lack of or reversal of progress.”

“Racial and ethnic inequality is growing worse. We’re resegregating our housing and schools again,” former Democratic U.S. Sen. Fred Harris of Oklahoma, a co-editor of the new report and the last surviving member of the original Kerner Commission created by President Lyndon Johnson in 1967. “There are far more people who are poor now than was true 50 years ago. Inequality of income is worse.”

The new study titled “Healing Our Divided Society: Investing in America Fifty Years After the Kerner Report” says the percentage of people living in deep poverty — less than half of the federal poverty level — has increased since 1975. About 46 percent of people living in poverty in 2016 were classified as living in deep poverty — 16 percentage points higher than in 1975.

And although there has been progress for Hispanic homeownership since the Kerner Commission issued its report, the homeownership gap has widened for African-Americans, the new study found. Three decades after the Fair Housing Act of 1968 passed, black homeownership rose by almost 6 percentage points. But those gains were wiped out from 2000 to 2015 when black homeownership fell 6 percentage points, the report said.

The report blames the black homeownership declines on the disproportionate effect that the subprime mortgage lending crisis had on African-American families.

In addition, gains to end school segregation were reversed because of a lack of court oversight and housing discrimination, the new report said. The court oversight allowed school districts to move away from desegregation plans and housing discrimination forced black and Latino families to move into largely minority neighborhoods.

In 1988, for example, about 44 percent of black students went to majority-white schools nationally. Only 20 percent of black students do so today, the report said.

The result of these gaps means that people of color and those struggling with poverty are confined to poor areas with inadequate housing, underfunded schools and law enforcement that views residents with suspicion, the report said.
 
 

Editors Note:  I disagree with much of the findings of this report.  As I have previously written, welfare breeds welfare and our government encourages people to remain on the government dole rather than work.  When you continually pay someone to reproduce children, they will do so, when you pay someone to come across our borders and have “anchor babies” in order to collect food stamps, free medical care, free ADC, subsidized housing, subsidized utilities, free schooling and more, why should they work toward citizenship?

We should be teaching people how to fish, not giving them free fish for a lifetime…in our country those on welfare live better than many or our wounded veterans.  Illegals are often treated than our veterans as well and taxpayers are not happy.


 


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·         Special Offer for our Readers

 72-hour Emergency Meal kit that's being offered contains 16 total servings of such delicious meals as Blue Ribbon Creamy Chicken Rice, the always-loved Granny's Homestyle Potato Soup and the stick-to-your-ribs breakfast favorite Maple Grove Oatmeal.

This kit normally sells for $27, plus shipping and handling and is rated 4½ out of five stars by customers.

While supplies last, these kits are available for only $21.95 and that includes Priority Shipping [we were forced to increase prices due to another round of USPS price hikes]. Go here for this deal:


 


Additional Related Resources:

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Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.

 

Bruce, the Poor Man- philosopher, social critic & cynic

 

Support our efforts by shopping my storefront…


 

A Smoking Frog Feature, Shallow Planet Production

 

Monday, November 30, 2015

Fewer Crowds, Fewer Dollars, Fewer Freedoms in 2015



Poor Man Survival
Self Reliance tools for independent minded people…

ISSN 2161-5543

A Digest of Urban Survival Resources

“I need more frugality. I wonder where I can buy some.”
Jarod Kintz



Fewer Crowds, Fewer Freedoms, Fewer Dollars…

There was a pushback among some consumers and retailers this year against being open for business on Thanksgiving Day and the so-called Black Friday in general and it worked….there were fewer crowds at the malls.

This was due to an increase in online shopping and the fact there are fewer Americans with extra money According to a survey by the National Retail Federation, Black Friday attendance was down over 3%, from 58.7% last year to 55.1% this year.

The survey noted that the average shopper was expected to spend $380.95, which was down from $407.02 the previous year. According to the group’s estimates, sales slipped from $57.4 billion to $50.9 billion.

“A strengthening economy that changes consumers’ reliance on deep discounts, a highly competitive environment, early promotions, and the ability to shop 24/7 online all contributed to the shift witnessed this weekend,” said NRF president and CEO Matthew Shay.

I read a report in Time magazine that even auto dealers are now pushing six and seven year loans or leases and Americans are becoming ‘upside down’ auto loans just as they did with mortgages!




Wall Street, fearful that consumers are running out of cash heading into the crucial Christmas retail season, are selling off retail stocks and everything else sensitive to consumer spending.
So why are consumers running out of cash?

Well, as I’ve reported before, it is because the middle class is dying, poverty in America is exploding and the cost of living continues to soar.

Just look at what is happening to healthcare costs.  It turns out that employees that work for medium and large companies in the U.S. are now paying more than double for health insurance than they were a decade ago…

Employees of midsize and large companies in 2015 paid an average of $4,700 for their health insurance, up from $2,001 in 2005, according to recent analysis from Aon Hewitt.

Consumer Reports released its annual 2015 Naughty & Nice List    
Firms such as FedEx, UPS, CitiBank, Sprint, Verizon, LifeLock and many other well known names made the list again…check it out:   




America Falls – Again
The last time I wrote about this, the United States stood at number 13, now we stand at number 20…if you’ve found yourself feeling less free you’re right!  A new report published last month that measures and ranks how much personal, civil and economic freedom there is 152 countries shows bad news for the US – dropped again to number 20

Believe it or not,  Hong Kong and Switzerland, Finland, Sweden, Norway, and the Netherlands took  top spots on the Human Freedom Index


How I went from being a millionaire to nearly broke-a spouse who thought nothing of blowing $1,000 a week or so on gifts to buy friends and office workers, while forgetting household bills…[at least that was my experience]


Income inequality has become a key hot button issue in the modern day political spectrum. While these economic and class divides seem more pronounced than ever before, the impressive new documentary Plutocracy: Political Repression in the USA reveals that the core of these struggles pre-date the beginnings of the industrialized labor force. The long and painful journey towards achieving worker rights and fair wages has been marked by violence, discrimination, and inhumane exploitation.


Great projects from the World Maker Faire in NYC including:  the Creature Choir which has 12 disembodied heads, a Fire-breathing 30-foot tall robot made from discarded airplane parts, Fortunetron 7000, an automated fortune teller that pulls your fate from the Internet and more!  I’m seeking help for my project:  the creation of beautiful female automatons and androids!



·  How to Buy a Christmas Tree
A tree grower shares his secrets
 
·  Does your debt have an expiration date?
What does the statute of limitation mean for debt? Find out how this law protects you



A Parting Thought…
Situational Awareness…or the lack of is the number one reason citizens get into trouble.  One of the priorities I was taught in the military was to be aware of your surroundings at all times.  Few people today seem to have any awareness.  Instead, they have their head buried in their cell phone, walking and talking or texting, often to the point where they can be easily robbed or injured…just plain stupid and pointless.  Wake up America and pull your head out of your ass!


Yours for better living,
Bruce, the Poor Man


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