Buy & Hold Owner · Redlands, CA · Member since 2015 · 5k+ posts · 2k+ votes
As of Feb-05-2016,
the New York Times is reporting: Wages Rise as Unemployment falls below 5%.
Analysts said that the slowdown might push the Federal Reserve to postpone another interest rate increase when it meets next month, but signs of a tighter labor market suggested that policy makers would be looking closely at incoming data.
“We are likely to have to two rate hikes this year, probably in June and December,” said Diane Swonk, an independent economist in Chicago, “but the wage gains are important, so March can’t be ruled out.”
Investor · Riverwoods, IL · Member since 2015 · 27 posts · 13 votes
10y
Interesting that this topic is even brought up. I recently was at a IT training stating that the job labor market is not doing good but the the needs of IT skills is in demand many people in this country don't have a lot of IT skills and it is the labor market that is hurting right now. Everything is automated in factories,homes,hospitals and businesses don't need labor workers as much as brightly IT skill set minds are in demand and because we don't have those types of individuals, the country is looking at foreigners to come in and do the job of IT at a very cheap rate is affecting the IT employees get the adequate rate. So the bottom line here is that there is not going to be a difference of an outcome to the data for wage increase in March spruce up economic prosperity in this country.Until the job labor market is trained with technology skills, we will see a positive economic outcome. We need IT skills for those labor workers to get educated learn something about computers, network service, switches ,routers and telecommunications because we are in the future where everything is Automated. Technology is at play in the palm of our hands using our cell phones. Yes, a smartphone basically controls our lives is automating everything for us to check in the security of our homes, emails and monitor if all our sensors in our cars is functioning correctly. It's amazing how the smartphone has evolved into what it is now, a remote command center. Real Estate investors carry them have no idea what they could do to check on their properties from far away using WiFi cams connected to their smartphones through the internet.The need of IT workers that are skilled to help these real estate investors understand and use their smartphones to automate and make life easier for tenants and property managers or even other investors trying to run business as smoothly as possible should be accounted for. I hope this helps clarify the effects of our current economy could be better if we as REI's support a Labor market be IT skilled.
Investor · Long Beach, CA · Member since 2016 · 33 posts · 3 votes
10y
How does the current economy effect your investment choices? I've heard people say that the economy is going to decline and that it's not a good time to get into real estate investing or buy a home. I'm in Santa Monica CA and wonder what the BP members think about the current or near future status of the economy and how that might impact your approach or choice. And if you have a good one-liner comeback for these naysayers, that would be helpful too ;)