For black men, a permanent recession (article)

[DrX]

http://america.aljazeera.com/features/2014/10/for-black-men-a-permanentrecession.html

this for all the brothers that still believe in this system....read it all including the real life interviews from struggling blacks.....


its do or die time, while yall out spending $ on dumb shyt on blackfriday yall could be saving and thinking about investing in ur self

 

[Michael's Black Son]

Interesting. Read the whole article and they got a decent spectrum of brothas who were all looking for work. That CEO dude prolly could've gotten work but he's used to making $700K a year and a dip in pay would feel like a step down, which is crazy when the other dude is making $9 an hour doing security. Wild that a dude with Fortune 500 connects can land some place but that's the disparity when aging CACs can land somewhere else because their connects are actually looking out for them. This brotha rose thru the ranks over the years and made big $ just by being around for so long. And when it all fell apart it was apparent that these companies on that digitally-minded shyt wouldn't just let him slide up in there and basically do what he was doing at his old job

These days if you're just starting out some place you gotta prove your worth up front because with so many people clawing at few jobs, these companies can cherry pick at their own leisure.

 

[At30wecashout]

This is why if you are caking, save some of that shyt and research a hustle. When shyt falls apart, you gotta be able to freelance. Your best bet is to have everything in place
to start a business while you are still working for someone else. Be nice, build clientèle, reach out when it is time. In this age, even the high-earning jobs are fleeting. If you aren't running
your own shyt, you can get cut off from anywhere.

 

[MostReal]

Bump

 

[Pdiddy]

This is exactly why I refuse to make payments on a brand new car, buy kicks that costs more than $50, and I never trick off on women. Gotta save as much as possible. My worst fear is being and on the streets begging for change.

 

[At30wecashout]

This is exactly why I refuse to make payments on a brand new car, buy kicks that costs more than $50, and I never trick off on women. Gotta save as much as possible. My worse fear is being and on the streets begging for change.

I hear that shyt. I did a running tally of the bullshyt I spent cash on over the past couple years, realized how much of that if saved incrementally could have been put towards one of 4 hobbies I have that I'm sure I could have drawn money from. It is amazing how that little spent here and there adds up later. Time for me to stop splurging on donuts and buy some AMD stock.

 

[Pdiddy]

buy some AMD stock.

I need to get educated on the stock life.

 

[AtomicUse]

OP I see is a perpetually negative/pessimistic poster.

Nothing matters to you other than starting your own business, we get it.

Take your gloom and doom somewhere else. You're like the Reinscarf of business related matters.

 

[ShenJingPoQi]

This is exactly why I refuse to make payments on a brand new car, buy kicks that costs more than $50, and I never trick off on women. Gotta save as much as possible. My worst fear is being and on the streets begging for change.

Same. Worst nightmare possible.

 

[At30wecashout]

I need to get educated on the stock life.

Same here. I knew a teacher at my high school who bought a shytton of Apple stock back when Imacs were the thing
Big ass dome monitors, IBM power PC processors. They were in a bad way.
Then the Ipod came out. He bought a few thousand dollars worth of stock over a period of years, and it turned into hundreds of thousands in the wake of the Ipod.
The stock price was less than half what it is now, so I know he is caked for life.

If I give up a few donuts or walk instead of taking the bus, I can get into buying a share of stock of small companies every day or so without any real effect on my
life. If it never turns into anything, thats the risk I take. On the other hand...we could be talking down payment on a home out of nowhere. The time for thinking
small is over, breh.

 

[Chris.B]

You nikkas support Obama so you have no room to complain

 

[At30wecashout]

You nikkas support Obama so you have no room to complain

I don't. Didn't vote for him. Caught hell from all my relatives. National politics are a farce outside of senate and congress.

 

[MCMLXXIX]

Good Article.

I know this could be a little cold, but dude who went to take care of his grandmother, he should have known that he wouldn't have a job when he got back, unless he did FMLA. Otherwise, some of these companies don't get a damn.

I tell folks, ONLY be loyal to yourself. If you go to work, that job owes you a paycheck. That is it. If they have benefits and extra stuff, that is not because they like you. It's part of the job. I use to be loyal to a point. But after I found out they wanted to terminate my position and others when we did a critical part of the work because our clusterfukk bosses were feeding them lies about what we were not doing. We were keeping that damn division afloat.

Then they brought a old administrator in and after 6 months, oh my God what a turn around. I was pissed because now I was a valued employee, when I always performed my job to the highest of standards while the clusterfukks messed up everything. Can you imagine having a state auditor come in and they need your supervisor come to a site and she refuses and hides? I was done.
They just told us this year, we are one of two divisions with a budget in the black.

I make sure I go in, do the work, ensure my people are treated well, then I am done.

Never have loyalty to a company. Never get comfortable. You do the work, you get a paycheck. That is how far shyt goes.

 

[mamba]

I hear that shyt. I did a running tally of the bullshyt I spent cash on over the past couple years, realized how much of that if saved incrementally could have been put towards one of 4 hobbies I have that I'm sure I could have drawn money from. It is amazing how that little spent here and there adds up later. Time for me to stop splurging on donuts and buy some AMD stock.

You think AMD is going to turn around, breh?

 

[At30wecashout]

You think AMD is going to turn around, breh?

I look at it this way.
They eased off the tablet markets due to the shyt being saturated anyway, and are specializing in SoCs, much like the ones they got in the Xbox one, PS4, and Wii-U.
Add to the fact this spring will be the drop of a new family of GPUs, some business class chips as well, their new Carrizo APU, and this past september the launch of a Firepro and consumer graphics card in India. 2016 comes their new big project Skybridge, with an x86 arm CPU AND their next big Consumer CPU "Zen".

I'm a geek for this shyt, breh, and at $4 a share, at least when I last looked, I have faith within 5 years they will have a stock resurgence.
I may be wrong, but when I saw the tech they have on the roadmap for medical equipment, I was sold. Of the big chipmakers, they have the most wiggle-room to make moves in established
and emerging markets, though it may take time to come to fruition.