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Depends on whether you want to maximize profits of not. Protecting or augmenting the return on an investment that is already quite substantial the first morning a new hire walks in the door is only good business. There is no manufacturer's warranty involved here. If a new PC won't boot and your techies can't get it up to snuff quickly, you can send it back and get a replacement free of charge. Doesn't work that way with people. Not even close. The sooner you come to grips with that fact, the better off you'll be -- assuming you have anything to do with HR in the first place.Employees are an investment. Period. They are employed for the purpose of making money. They are NOT rehabilitaion projects.
So price levels move independently of the money supply.So government has nothing to do with creating inflation? You are entitled to your fantasy...
And backed it up by practicing something other than what he preached. I see.He was simply advising me how things worked in government.
That would involve the Peter Principle. Parkinson's Law states that work will expand to fill the time available to complete it.He didn't want the turkey farm but, in a failure of Parkinson's Law, he was actually promoted above his level of competence...
In other words you have no source meaning your statement has no credibility, MY SS benefits and pension"s" were earned over the 45 plus years that I worked. Are you one of those who want to steal from the monies earned by others. Incidentally just so that you are aware of it some righties feel they have a right to their SS and pensions.
LOL!!! Think you could keep up with these folks over at CBO?If you are a gov worker you don't have a job, you have welfare where you have to show up every day.
LOL!!! Think you could keep up with these folks over at CBO?
The successful candidate will contribute to the full range of the division's responsibilities. Those include constructing and improving cutting-edge models that underlie CBO’s policy analyses as well as preparing longer-term CBO studies, shorter-term memoranda, and testimonies. Analysts are also encouraged to turn CBO projects and independent research into CBO working papers and outside publications. Economists who have a broad range of policy interests are encouraged to apply. Special consideration will be given to candidates who have experience in building general equilibrium models and analyzing the effects of fiscal policy. Familiarity with micro data is a plus. Excellent interpersonal, writing, and quantitative skills, and the ability to communicate technical material in a clear manner are essential. Successful candidates will be able to work independently and complete work in a timely manner. Applicants should also have a Ph.D. in economics or a closely related discipline.
This ad is NOT for a high-level position, by the way. Pretty much full professional worker-bee level.
Most of the money paid in as payroll taxes is paid right out again as benefits. No time for it to earn much interest. The surplus is deposited to the SS Trust Fund which invests its balances in interest-bearing US Treasury securities. The average interest rate on SS holdings at the end of February was 3.86%.Wrong the monies collected for SS have and are being used by the government so the money being paid in should be collecting interest just like the money paid into any pension or retirement account.
General math skills versus a PhD in economics? Get serious. Meanwhile, with all your carping over feds as welfare leeches, would you see yourself as having any sort of future at CBO, or is their whole "thing" just way above your head?Any job can be made to sound impressive.
General math skills versus a PhD in economics? Get serious. Meanwhile, with all your carping over feds as welfare leeches, would you see yourself as having any sort of future at CBO, or is their whole "thing" just way above your head?
Most of the money paid in as payroll taxes is paid right out again as benefits. No time for it to earn much interest. The surplus is deposited to the SS Trust Fund which invests its balances in interest-bearing US Treasury securities. The average interest rate on SS holdings at the end of February was 3.86%.
Social Security Trust Fund - Wikipedia, the free encyclopedia
In the United States, the Social Security Trust Fund is a fund operated by the Social Security Administration into which are paid payroll tax contributions from workers and employers under the Social Security system and out of which benefit payments are made to retirees, survivors, and the disabled, and for general administrative expenses. The fund also earns interest. There technically are two component funds, the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds, referred to collectively as the OASDI funds.
When program revenues exceed payments (i.e., the program is in surplus) the extra funds are borrowed and used by the government for other purposes, but a legal obligation to program recipients is created to the extent this occurs. These surpluses add to the Trust Fund. At the end of 2011, the Trust Fund contained (or alternatively, was owed) $2.7 trillion, up $69 billion from 2010.[1] The fund is required by law to be invested in non-marketable securities issued and guaranteed by the "full faith and credit" of the federal government.
The trust fund represents a legal obligation to Social Security program recipients and is considered "intra-governmental" debt, a component of the "public" or "national" debt. As of April 2012, the intragovernmental debt was $4.8 trillion of the $15.7 trillion national debt.[2]
Point is they made a menial job sound impressive. I'll admit though the gov really excels at this.:lol:
Depends on whether you want to maximize profits of not. Protecting or augmenting the return on an investment that is already quite substantial the first morning a new hire walks in the door is only good business. There is no manufacturer's warranty involved here. If a new PC won't boot and your techies can't get it up to snuff quickly, you can send it back and get a replacement free of charge. Doesn't work that way with people. Not even close. The sooner you come to grips with that fact, the better off you'll be -- assuming you have anything to do with HR in the first place.
If you are managing HR there, you are damaging the interests of yourself and any other stockholders.I own a corperation. I am employer. That means I employ people. I KNOW what I speak off. Its apparent to me you have little if any experiance employing people in the private sector otherwise you would not have come back with your rubish reply.
REALLY?
WALL STREET is going to have to wait a little longer to get access to our SS
wikipedia said:The 2011 Trustees Report Press Release stated:
"Income including interest to the combined OASDI Trust Funds amounted to $805 billion in 2011. ($564 billion in net contributions, $24 billion from taxation of benefits, $114 billion in interest, and $103 billion in reimbursements from the General Fund of the Treasury—almost exclusively resulting from the 2011 payroll tax legislation.
By law, income to the trust funds must be invested, on a daily basis, in securities guaranteed as to both principal and interest by the Federal government. All securities held by the trust funds are "special issues" of the United States Treasury. Such securities are available only to the trust funds.
In the past, the trust funds have held marketable Treasury securities, which are available to the general public.
[...]
The rate of interest on special issues is determined by a formula enacted in 1960. The rate is determined at the end of each month and applies to new investments in the following month.
The numeric average of the 12 monthly interest rates for 2011 was 2.417 percent. The annual effective interest rate (the average rate of return on all investments over a one-year period) for the OASI and DI Trust Funds, combined, was 4.401 percent in 2011. This higher effective rate resulted because the funds hold special-issue bonds acquired in past years when interest rates were higher.
Trust Fund FAQs
So when my extended family members don't save, invest, get insurance, have a will properly done, etc., contary to our 'input', what do you suggest I do? BTW, it sure has been easier on us that they were forced to save for retirement, i.e. SS. Then there are our neighbors at one of our homes. I think it's apparent that some people have just SS when they retire since their homes aren't well maintained since they don't have the funds for that, but that is OK with me.Well, I disagree with the whole SS system.
It was designed for people that were too financially useless to save up for retirement.
Now, imo, it's basically a giant, governmental, bureaucratic mess that politician's love because it gives them more power/control over the masses.
I say abolish it when everyone presently over 35-40 dies.
And if seniors need help after that, they can go to government run emergency shelters (instead of welfare/SS) or appeal to family/charities.
They have almost half a century to save up for retirement.
If that is not enough...too bad.
(the above does not apply to those with pre-65 physical/mental disabilities)
It's time healthy Americans grew spines and took responsibility for their own lives...and retirements.
My brother in law just retired from a cushy gov job where he made 90K per year and openly bragged about how he spent most of the day shooting the breeze with other gov workers or reading books. He is now getting 70% of his pay and social security. It seems to me he is double dipping, getting a very generous retirement plan and SS. IMO if you are getting a tax payer funded retirement you are getting enough and should not get SS too.
So when my extended family members don't save, invest, get insurance, have a will properly done, etc., contary to our 'input', what do you suggest I do? BTW, it sure has been easier on us that they were forced to save for retirement, i.e. SS. Then there are our neighbors at one of our homes. I think it's apparent that some people have just SS when they retire since their homes aren't well maintained since they don't have the funds for that, but that is OK with me.
From you wikipedia link...
...further...
I had to comment on this one. I've talked to Fed surveyors and the work they do doesn't even come close to being as easy as the average private sector surveyor's. If this is an example of their comparisons then it's crap and should be ignored.Not quite:
Accountants, nurses, chemists, surveyors, cooks, clerks and janitors are among the wide range of jobs that get paid more on average in the federal government than in the private sector.
Federal pay ahead of private industry - USATODAY.com
If you are managing HR there, you are damaging the interests of yourself and any other stockholders.
If your down my spelling friend as your critique then you may as well hang it up. I dont generally proof read threads for spelling punctuation ect. Thats what I use a secretary for when writing proffesionally. This isnt proffesional by a long shot.
Business doesnt hire people unless it helps them make money. They are not charities. The bottom line, is the bottom line.
True, but your post didn't refute CF's contentiont that it's wasteful to fire an employee simply because they screwed someone one. Once an emplyee has been trained, there is a cost associated with terminating their employment.
Sorry I fail to see your point
Your rule seems reasonable but my observations have been different than yours. I've been in a situation in a large corporation where church membership was far more important than performance. I'm sure that my situation was not unusual.If your down my spelling friend as your critique then you may as well hang it up. I dont generally proof read threads for spelling punctuation ect. Thats what I use a secretary for when writing proffesionally. This isnt proffesional by a long shot.
Business doesnt hire people unless it helps them make money. They are not charities. The bottom line, is the bottom line.
Your rule seems reasonable but my observations have been different than yours. I've been in a situation in a large corporation where church membership was far more important than performance. I'm sure that my situation was not unusual.
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