Quote:
Originally Posted by BlueStreak
The better paying jobs put "disposable" income into peoples pockets and create demand. The low paying jobs barely pay anyone enough to survive, if that.
Guess which one is better for economic growth................. 
Yet, this point seems to be a bit beyond the grasp of all too many of our countrymen.
Dave |
True, but there are a few that just aren't going to spend a dime. Like a friend of mine up the holler. He makes about 32.00hr and drives his old rusty 1982 Ford F-350 flatbed truck with big block 460 4bbl 46 miles one way to the Nissan plant and has been working there over 20 years. It has 4.11 gears with grandma low transmission ( no over drive ) and about 55 mph is all you can go without over running the engine. Has plenty of money but buys cheap used tires rather than new for his truck, and riding mower.. never replaces any tires with new. All tools are from yard sales, fleamarket, etc.. used rather than new. Same with farm equipment. He's so tight I watched him cut a long bolt down and grind it on each end and use it as a push-rod when a push-rod broke in his tractor engine. It has no oil passage through the center of it like the original but some how it's ran about 5 years rigged. If I had his money I would have just bought a push rod. His farm is paid for... but his money he will not spend. Few years ago he showed me he had over 80k in his checking ( and he had just paid off his farm then so that number I'm sure has grown ),.. says he isn't about to put anything in savings to be taxed on interest, even if it's small. Also said he's not going to disturb his 401k until he's sure it'll all be his when he's ready for it and not be penalized. Only money he really spends is on gas for that old gas hog truck that I rebuilt the engine in 08?? because he wanted to keep driving it rather than buy something better and cheaper to operate.
I'm the same way with my 1994 truck, but it's a little 4 cyl and gets slightly over 30 mpg. I wouldn't hang on to it as daily driver and keep it running all these years if I was only getting 8 mpg though. Well, maybe if I could afford to maybe I would, dunno about daily driver restricted to 55 mph at 8 mpg. A road trip would take forever on I-40 today and it'd probably piss off alot of people being in their way.
