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Skyblue
Joined: 02 Mar 2007
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 Posted: Sat Oct 02, 2010 6:09 pm Post subject: |
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| Gwangjuboy wrote: |
| Weigookin74 wrote: |
| What Obama's time has proven is that Keyseyan economics don't work. No one has ever borrowed themselves to prosperity. Didn't work for FDR in ending "the great depression" and it isn't working now. |
Obama has been in office for just two years, yet amongst the laissez faire advocates he gets a hugely disproportionate amount of the blame for the US's economic troubles. Why does Bush Jnr get a free pass? After all, state spending jumped under his stewardship, and the corporate capitalist model flourished, only to come crashing down around him just as he was getting out of dodge. Where were the Tea Party activists then? Obama gets shafted because his state spending is geared toward social projects; Bush and Reagan got free passes because their state spending was lavished on protectionist policies and military hardware - great if you work in the agro-business or defence. The card was not wiped clean when Obama took the oath. |
Spot on. It didn't help he has had to pay for two wars he didn't start and keep giant tax breaks to the wealthy he didn't grant and deal with a housing and financial crisis that wasn't of his making either. Two years and his policies are discredited? Madness. |
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World Traveler
Joined: 29 May 2009
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| Posted: Wed Aug 31, 2011 7:31 pm Post subject: |
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| Weigookin74 wrote: |
| As for Korea being like Japan, Japan's economy has been crap for 20 years. Korea's still has potential as an exporting nation. |
Dude, Japan's a rich country. One of the richest there is. Their per capita GDP is $43,653, which is almost as almost as high as the U.S.'s ($47,132). South Korea's: $20,590. |
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Gorf
Joined: 25 Jun 2011
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| Posted: Wed Aug 31, 2011 7:42 pm Post subject: |
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| Also, Japan's exchange rate is nearly as good as it's ever been to the US Dollar. Their recession ended about 3 years ago and it's close to record lows when comparing USDJPY. Japan has done really well in the past 5 years without anyone noticing. Even ESL teachers get paid more there now than Korean ones do, even accounting for expenses. |
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rainism
Joined: 13 Apr 2011
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| Posted: Wed Aug 31, 2011 7:51 pm Post subject: |
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| mc_jc wrote: |
I am surprised no one mentioned the F-visa holders who don't have to go through the same hoops as those getting an E2.
OP, have you though about getting an MA in TESOL to become a teacher-trainer?
Or have you thought about applying for a job in Saudi Arabia or the Gulf?
Conditions and pay out there are far better than what you would find in South Korea.
| Quote: |
| I can see that in 5-10 years most people will be teaching in China. There's huge potential over there, and once EFL wages start to rise to a more attractive level, it's goodbye Korea. |
I know someone who had taught in Korea who is now teaching at a high school in a small-sized city (about 5 million people) in China. He gets 15,000RMB a month plus free housing. How does this seemingly low salary compare with the salaries in Korea is the purchasing power of the Yuan now- with his shopping and hanging out every night, he only spends about 3,000RMB a month. The rest goes into his savings.
OP, if you have experience, look into teaching in China. |
a public school job in China at 15K RMB? plus housing?
i haven't seen one above 7K, and most offer 5-6K.
where can I look for and perhaps find jobs in China such as the one above?
you can PM me, if you wish. Thanks. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Aug 31, 2011 8:00 pm Post subject: |
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| Stalin84 wrote: |
| carleverson wrote: |
| you're way too old to be working in esl... |
Just wait until the market gets really competitive. Soon not hiring above 30 will be a standard practice, as will requiring in-person interviews, requiring "connections" for jobs that used to be entry level, throwing all the resumes with fatty pictures or non-white applicants in the garbage bin...
In five-ten years, it's going to be as hard to get a job in Korea as it is in Japan now!
I have a few friends job hunting in Korea right now and am hearing all the horror stories constantly... it sounds a lot like what gradually happened here after the 1980s. |
You are right about more selective hiring. Korean and many Asians do ideally want white and good looking. Female preferred but males can cut into it too. In my opinion Korea should restict anyone under 25. People need to get some experience living on their own and working before coming here. Might reduce some of the antics. Asides from this, I've always heard many Ekiwas in Japan want older people in their 30's and 40's for maturity reasons. But I assume they will judge you on appearance even at those ages. Those of us in our 30's (but some 20's too) definately need to take care of our appearance more and keep the weight down.
Will it be hard to work here in 5 to 10 years? Depends on whether America can turn around it's economy and start producing jobs. If the US starts booming again, then it'll shotern some of the supply and make it easier to get a job here. Wages will start to go up again too. But, I don't think it'll fully return to what it was 5 or 10 years ago. (Or even 3 years ago.) The exchange rate will recover somewhat though maybe not to those glorious highs for Canadians. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Aug 31, 2011 8:17 pm Post subject: |
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| Skyblue wrote: |
| Gwangjuboy wrote: |
| Weigookin74 wrote: |
| What Obama's time has proven is that Keyseyan economics don't work. No one has ever borrowed themselves to prosperity. Didn't work for FDR in ending "the great depression" and it isn't working now. |
Obama has been in office for just two years, yet amongst the laissez faire advocates he gets a hugely disproportionate amount of the blame for the US's economic troubles. Why does Bush Jnr get a free pass? After all, state spending jumped under his stewardship, and the corporate capitalist model flourished, only to come crashing down around him just as he was getting out of dodge. Where were the Tea Party activists then? Obama gets shafted because his state spending is geared toward social projects; Bush and Reagan got free passes because their state spending was lavished on protectionist policies and military hardware - great if you work in the agro-business or defence. The card was not wiped clean when Obama took the oath. |
Spot on. It didn't help he has had to pay for two wars he didn't start and keep giant tax breaks to the wealthy he didn't grant and deal with a housing and financial crisis that wasn't of his making either. Two years and his policies are discredited? Madness. |
There's plenty of blame to go around. Bush for not being more agressive at reigning in the deficit. The democrats at filibustering in Congress to block attempts to reduce sub prime mortgages back in 2005. Bill Clinton signed a deregulating financial bill in 1998 with a Republican Congress. The former fed chief was reappointed to his position by both Republican and Democratic presidents. Obama spent trillions adding to the deficit. Both parties should take care not to default on America's debt. There seems to be a lot of posturing on both sides and their core support groups have to be appeased and the center is long gone. Where did it go? Maybe Bill Clinton took it with him when he left the White House. Seems all there is a lot of constant bickering and far left and far right bickering.
Even if the top rate goes up, it might raise 30 to 40 % of the deficit and that's only if these people don't use tricks to keep their taxes low (Deductions, making less profit, less investment, etc.) Most likely, this tax hike would pay 25 to 30 percent of the deficit. What about the other trillion dollars remaining in deficit? Two wars? Bush had two and had a 300 Billion Deficit. Obama has two wars and a 1.6 Trillion Deficit. Not Harping on Obama for politics sake. But like or not, both sides in America are going to have to buck up here. Deep spending cuts for Democrats and some modest tax hikes for Republicans (Less than what Obama proposes). A compromise on both positions are in order here.
What did Canada do in the 1990's, when faced with a similiar crises and a debt rating downgrade? A wikipedia and google search is never far away.
Short story, deep spending cuts, 13 years of paying down debt with a surplus, gradual tax cuts, and some more minor stimulus spending during the 2008 recession without breaking the bank. |
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Airborne9
Joined: 01 Jun 2010
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| Posted: Wed Aug 31, 2011 8:21 pm Post subject: |
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| Gorf wrote: |
| Also, Japan's exchange rate is nearly as good as it's ever been to the US Dollar. Their recession ended about 3 years ago and it's close to record lows when comparing USDJPY. Japan has done really well in the past 5 years without anyone noticing. Even ESL teachers get paid more there now than Korean ones do, even accounting for expenses. |
Where are you getting this from? Japan officially went back into recession a few weeks ago. |
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Weigookin74
Joined: 26 Oct 2009
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Weigookin74
Joined: 26 Oct 2009
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jvalmer
Joined: 06 Jun 2003
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| Posted: Wed Aug 31, 2011 8:44 pm Post subject: |
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| Weigookin74 wrote: |
| http://business.timesonline.co.uk/tol/business/economics/article7127360.ece |
"However, the federal administration of the Prime Minister, Jean Chr�tien, a Conservative elected in 1993..."
Actually, he was a liberal and leader of the Liberal party. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Aug 31, 2011 8:56 pm Post subject: |
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| jvalmer wrote: |
| Weigookin74 wrote: |
| http://business.timesonline.co.uk/tol/business/economics/article7127360.ece |
"However, the federal administration of the Prime Minister, Jean Chr�tien, a Conservative elected in 1993..."
Actually, he was a liberal and leader of the Liberal party. |
Yes sir, you are correct Sir!
The irony of a Liberal government cutting spending and a Conservative one having modest stimulus spending during the 2009 Recession. |
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rainism
Joined: 13 Apr 2011
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| Posted: Wed Aug 31, 2011 9:21 pm Post subject: |
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| Quote: |
There's plenty of blame to go around. Bush for not being more agressive at reigning in the deficit. |
not being more aggresive in REIGNING it in????
it EXPLODED under Bush. Started with the Medicare bill, which was a corporate giveaway to big pharma and insurance companies which cost the US taxpayer billions.
then he dove head first into the Iraqi morass without the support of anyone else save the UK , an invasion which didn't have an iota of legality to it (though waging war against Saddam did going back to Clinton).
The Iraqi black hole was costing us 30-70 billion for a month for a couple of years.
pebble mind Georgie W, completely spent away all of the Clinton year federal surpluses and it was under HIM that the first round of bank/corporate bailouts began, since the banking system was facing collapse and they had no choice but to do it.
that didn't stop him from trying to take credit for the "ownership society" before the ddong hit the fan.
oh. yes, he also cut taxes on those who needed a tax cut the least, further adding to the deficit.
Republican economics = CEO's making more in annual pay than their entire corporation pays in federal taxes for that year.
http://finance.yahoo.com/blogs/daily-ticker/;_ylt=Ala1VKaE70gUBQuLFOtaOWS7YWsA;_ylu=X3oDMTFibG1jY3NoBHBvcwM2BHNlYwNGUERhaWx5VGlja2VyQmxvZwRzbGsDMTg3dmlld21vcmU-
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The Institute for Policy Studies released a report Wednesday that shows many large companies pay more to CEOs in compensation than they did in corporate income taxes to the federal government in 2010.
Of the 100 top paid CEOs, 25 of them earned more than their companies' tax bill, including the CEOs of Bank of New York Mellon, Verizon, eBay, GE and Boeing. And astonishingly, the report found that the gap between CEO and average U.S. worker pay rose from a ratio of 263-to-1 in 2009 to 325-to-1 last year. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Wed Aug 31, 2011 10:03 pm Post subject: |
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Well, I've always said have a low rate but make sure everyone pays it no exceptions, no deductions, tax credits, or anything else. That is fairest to everyone. As for CEO salaries?? Well, maybe their shareholders should be more agressive. Maybe more transparent reporting and bonus structures tied to long term profits instead of quarterly returns. Maybe that would stop some of the sheer stupidity that caused many of these companies to teeter to the brink of collapse in 2008. I think people should get only small bonuses on an annual basis. The rest is put into an account to be added or subtracted from based on long term performance. I mean any douchbag CEO can make a quick buck all the while screwing the company over later on. These peeps did this all on their own. Bushee had no involvement in this. He was busy managing wars and other things. There is no way he could know the internal workings of private companies. Anyways, how many of these CEOs bank rolled Obama's campaign? Personally, I think all these so called intelligent and educated folks (SARCASM HERE) should give the money back. Why are they getting bonuses when their companies were losing money? The dying days of a Bush administration and a Democratic controlled congress, followed by an incoming Obama regime, gave bailouts and let these CEO's collect their bonuses. They've got too many lawyers and lobbyists, and hands into both parties pockets with cash. Every Lobbyist, lawyer, tree hugger, labor union, and the like should get on the rocket and drive into the sun. Plenty of blame to go around.
In a theoritical free enterprise system, rules would be fair, everyone has equal opportunity (but not of outcome), risk taking is rewarded, corruption is severely punished. But the system skews things now. CEO transparency and top executives need to be made to pay back their bonuses when things tank. If they don't pay it back or do dishonest booking, they should go to jail. Accounting rules must be simple and strictly transparent. No vagueness allowed. Maybe this is the real solution that protects free enterprise while keeping cronies honest. |
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rainism
Joined: 13 Apr 2011
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smee18
Joined: 24 Mar 2009
Location: Korea
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| Posted: Wed Aug 31, 2011 11:39 pm Post subject: |
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| Anyone who thinks the American economy is going to "rebound" is seriously deluded. The country isn't even close to hitting the inevitable "bottom" it is plummeting towards. Not that the rest of the world is in much better shape. Personally, I think the demand for ESL across the globe is going to shrink as gloablised systems collapse and economies/cultures localise. |
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