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Thread: Interesting correlation

  1. #1
    God/dess Deogol's Avatar
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    Default Interesting correlation

    Middle-class people who have been caught in that crunch have had their purchasing power greatly diminished. New car? You can’t pay for a $100,000-a-year- lifestyle on a $25,000 or $35,000 salary. Others may not identify with this plight because they still live at home and don’t have mortgages or college tuition.

    You can see it in the economy already. It’s happening at GM and Ford as they’re not selling to as large a market any more. People who were making decent money are now trying to get into any job they can find.

  2. #2
    madmaxine
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    Default Re: Interesting correlation

    ^Totally aware of this, as it happened faster in NorCal due to real estate boom, high taxes, and the tech bust, which saw many lose high-paying jobs suddenly. It has altered how I have planned my life.
    It's true, we are becoming more like a Third World country. When I went to Mexico, it seemed less different from the US than I expected : (

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    Banned Melonie's Avatar
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    Default Re: Interesting correlation

    at the risk of making a political-economic comment, the truly rich are getting richer, while the poor are getting poorer. This stems directly from globalization, where the fact that a person in a foreign country is willing to perform job X for 1/2 or 1/4 or 1/10th of the going rate in America ... or is willing to immigrate to the USA under the H1B or similar visa program and perform job x for 1/2 or 1/4 of the going rate in America ... creates a great deal of pressure for middle class US citizens performing the same job X to readjust their pay rate or lose their job/ bankrupt their company.

    Even without the issue of outsourcing/H1B visa wage pressure, the fact of the matter is that US employees in a broad range of industries have received little or nothing in the way of pay rate increases, while at the same time taxes have gone up, energy costs have gone up, food/commodity prices have gone up, insurance premiums have gone up etc. Hell even postage is going up 4% next week. Adjustable rate loans are obviously also going up. Rising costs of living erode the 'discretionary budget' available to people whose incomes are not increasing at the same rate. Since the exotic dancing business is almost entirely funded by the 'discretionary budget' of club customers, the trend you have posted about is likely to have a direct monetary impact on dancers working in clubs that cater to middle class customers.

    On the other hand, while GM's sales may be slumping, Porsche and Lexus are doing well and Maybach and other super-upscale luxury cars are doing gangbuster business with waiting lists. From the standpoint of exotic dancing, the same principle probably applies to upscale show clubs like Scores, PEC etc which cater to upper class customers that have more money to spend than ever.
    ~
    Last edited by Melonie; 01-06-2006 at 04:56 PM.

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