Posted by Mark - IN. on March 09, 2014 at 13:12:24 from (65.73.91.251):
In Reply to: RE:Deleted post posted by oldtanker on March 09, 2014 at 05:02:19:
A couple of decades ago I had a white collar job working in Chicago's downtown loop. Pretty good job, lot of money, but a lot of headaches. Where I lived at the time was pretty blue collar, which was ok with me. So I had a neighbor, a kid that lived with his wife, their newborn, and her son from a privious marriage. This kid was nice, but most definately would never be confused with being a rocket scientist. He just didn't have or want it. His uncle had some connections with someone that landed him a job with the railrod, Illinois Central. He comes over and tells me, prouder than proud. We have a talk and I explain to him that given his past job history and some trouble that he had landed himself in, "Don't screw this up, you aren't white collar material, you will always work blue collar jobs, and there are not better paying with benefits than the railroad". All of the utilities like Edison, Bell, Northern Illinois Gas, were going through buyouts and mergers, renaming them selves, developing spin off companies, and some down sizing depending upon the divisions. "Don't screw this up, you will never get another chance like this".
First day on the job, he stops over afterwards and shows me from human resources what his retirement would be IF on his first day, was his 20th anniversary, and he was retiring. There were four contributing factors to his retirement: Railroad Pension, Social Security, 401K, and some other pension that I forget the name of...and his monthly gross would have been AT LEAST $4,000. It's been a couple of decades, and it may have been $6,000, but to play it safe, I know that it was AT LEAST $4,000, gross, monthly retirement. That aint bad, even these days, considering that with the economy being what it currently is, many folks are working two and three part time jobs...no pensions or retirement, and still not making what they used to with one good, well paying job, and not $4,000 per month. The kid's uncle really hooked him up.
About a year later, he and his wife were divorced, she had a restraining order against him for smacking her around and the bruises to prove it, he lost his job because he failed drug screening more than once, and had devleoped a pretty expensive cocain habit. He came knocking at my door wanting to borrow some gasoline money to get him over to wherever he was living. He screwed up, and screwed up badly. Where he is today, one can only wonder.
Incidentally, this past Friday the newest jobs and unemployment numbers came out. Unemployment ticked up 1 percent, and they said that 175,000 new jobs were created. OK, that's how the numbers go. Then I listened to a Wall Street Journal breakdown of the jobs numbers. They said, and I quote, "...the overwhelming percentage of the new jobs created were bar (tavern) and food (restaurant) jobs...". So, 175,000 new jobs being touted, and most them them are BELOW minimum wage, because those jobs are NOT required to pay minimum wage because tips are an expected part of the salary, and facted in as part of the salary, and therefore are less than minimum wage because of that. And those folks are going to buy new homes, send their children to college, and... Yes, the new numbers are 175,000 new jobs, no detail about the quality of jobs, but a whole lot of patting themselves on the backs, and posing for selfy photos, and...
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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