The Truth About the Economy

[Guns Guns Guns]

No, they cannot. We'll use cars for an example Robotics have outsourced many jobs from American factory workers. Therefore those jobs will not return. Even things like self check out. Those exist because they save corporations money. That money saved is what keeps prices low. So is the money saved by sending jobs overseas. You do not want to work on an assembly line for minimum wage. No one else in America does either. So in order to get people into those job, you must raise wages. Which raises COST, which therefore will raise PRICES.

Nice you you get to pick the example. Have the prices of cars decreased?


It's interesting that you feel that those earning higher wages "cannot" afford to spend more.

 

[Billy the Great Khan]

1) Yes, the economy has doubled since 1980. But keep in mind, the POPULATION also went from just under 230 million to about 310 million. In addition, far more women are in the workforce today than they were in 1980. So it would stand to reason that the wages would remain fairly stable relative to a doubling of the economy.

The economy doubled. The population increased by 50%. Meanwhile, the owners share of the profits doubled, while the amount of workers needed per unit of production diminished. Therefore, it does not 'stand to reason" that wages would remain stable. What stands to reason is that workers are getting screwed.

Nice try though, appologist.

And the vast increase in automation fits where exactly? That's one thing that certainly allows productivity to sky rocket.

 

[Rune]

they are most def not as bad as most make out. Wages are a large conponent inflation , it's kinda economically illiterate to state wages haven't doubled because the economy is twice as big.

Isn't it?

Try posting something logical or at least honest.
Things are way worse than most make out. Take off your blinders.
As to the second half of your post, where was that stated?

 

[Rune]

workers are way better off, what turbo-lib bs theory says wages are supposed to grow faster than inflation?
Where is the argument that says workers had more stuff in thier houses in 1980 than they do now.

The for sure are eating more.

It is not turbo lib bullshit you idiot, if wages don't grow faster than inflation then wages are diminishing.

 

[Rune]

hilarious...dune ran away from a real discussion again

he can't even explain what proof he wants, LOL

I didn't run away. I was taking a yurt, and while I was wiping my Danm Yankee, I saw a squirrel.

 

[Rune]

Thanks for restating a PORTION of my statement "Mr. Out of Context".

Now add in the productivity gains and the fact that a greater percentage of women are now in the work force.

I am not stating the 'super rich' didn't garner a bigger share of total income. They did. What I was doing was putting Reich's bullshit into CONTEXT... you know... that thing you were bitching about?

Thanks for finaly admitting the super rich garnered a bigger share of total income. That was the point. Any more questions Yurtard?

 

[Cancel 2018. 3]

I didn't run away. I was taking a yurt, and while I was wiping my Danm Yankee, I saw a squirrel.

ok legion...still running from actual discussion...i mean what a retard, you can't even explain what more you want, you clearly have no clue what you're talking about and should just not post anymore in this thread

 

[Cancel 2018. 3]

Thanks for finaly admitting the super rich garnerd a bigger share of total income. That was the point. Any more questions Yurtard?

so the whole context meant nothing? you're too stupid to remember what you were talking about....you know lending, context, the whole six points....now you're claiming it was only about the rich now have more

you and legion have the same iq, hmmmmm

 

[Rune]

And the vast increase in automation fits where exactly? That's one thing that certainly allows productivity to sky rocket.

As productivity increases, and conversely workers per production unit diminish, the value of the worker's output increases and pay should increase as a proportionate percentage of increased profits, rather than onwers retaining all increases while paying less saleries.

This is the reason unions were formed in the first place, the reason we still need them today, and the reason the conservatards violently oppose them

 

[Rune]

so the whole context meant nothing? you're too stupid to remember what you were talking about....you know lending, context, the whole six points....now you're claiming it was only about the rich now have more

you and legion have the same iq, hmmmmm

No yurt, I was responding to one post, which was a response to one post about ONE sentence. Try to pay attention. Do you want me to recite the post #s for you, so you don't have to look back a page?

 

[Billy the Great Khan]

As productivity increases, and conversely workers per production unit diminish, the value of the worker's output increases and pay should increase as a proportionate percentage of increased profits, rather than onwers retaining all increases while paying less saleries.

This is the reason unions were formed in the first place, the reason we still need them today, and the reason the conservatards violently oppose them

Umm no, the value of the workers input does not suggest there should be an increase. In fact it should realistically decrease as the duties of the current workers are not as intensive or demanding as in the past.

 

[NOVA]

It is not turbo lib bullshit you idiot, if wages don't grow faster than inflation then wages are diminishing.

Ahhh....the stupidity of liberal think and torture of logic......

Like if you get a raise of 10% rather than the 12% you thought you would get...you got a cut in pay?.....it just blows your mind that someone could be so pathetically liberal and dense.....

Sadly Dune...

 

[Rune]

ok legion...still running from actual discussion...i mean what a retard, you can't even explain what more you want, you clearly have no clue what you're talking about and should just not post anymore in this thread

Are you really this fucking stupid? Tight credit is hurting the economic recovery. You denied the severity of the impact. RootBeer posted proof. Can you refute his proof with links, or charts, or whatever, other than your say-so or not? I think not, and every post you have made so far proves me right.

 

[Rune]

Umm no, the value of the workers input does not suggest there should be an increase. In fact it should realistically decrease as the duties of the current workers are not as intensive or demanding as in the past.

Yes they are! Are you a current worker, and were you one in the past? Are you in any way qualified to make that statement?

 

[Rune]

Ahhh....the stupidity of liberal think and torture of logic......

Like if you get a raise of 10% rather than the 12% you thought you would get...you got a cut in pay?.....it just blows your mind that someone could be so pathetically liberal and dense.....

Sadly Dune...

No retard man. Like when your purchasing power is less and your standard of living lowers.

 

[Billy the Great Khan]

Yes they are! Are you a current worker, and were you one in the past? Are you in any way qualified to make that statement?

Yeah, I am, and I'm a skilled one too. I'm a welder (in addition to other titles). Were I to work for a automated factory, my job would be inspecting the welds robots make. That takes less skill than actually making the weld itself. Therefore, the value of my skill would diminish, as would the value of my pay, even though the robots productivity would greatly outpace my own.

 

[Guns Guns Guns]

From that Communist-Socialist publication The Wall Street Journal:






Overall, only 7% of banks reported easing retail loan underwriting standards, while 63% said underwriting was unchanged and 30% tightened standards....





Tightening continued in areas that most impact the average American consumer thanks to continued economic uncertainty.




Loan portfolios that experienced the most tightening in standards over the last year include credit card, home equity, commercial and residential construction and residential real estate loans. ...









[FONT=Verdana, Arial, Tahoma, Calibri, Geneva, sans-serif]http://blogs.wsj.com/economics/2011/06/23/survey-banks-easing-lending-standards-but-not-for-consumers/[/FONT]

 

[Guns Guns Guns]

Yeah, I am, and I'm a skilled one too. I'm a welder (in addition to other titles). Were I to work for a automated factory, my job would be inspecting the welds robots make. That takes less skill than actually making the weld itself. Therefore, the value of my skill would diminish, as would the value of my pay, even though the robots productivity would greatly outpace my own.

 

[Cancel 2018. 3]

Are you really this fucking stupid? Tight credit is hurting the economic recovery. You denied the severity of the impact. RootBeer posted proof. Can you refute his proof with links, or charts, or whatever, other than your say-so or not? I think not, and every post you have made so far proves me right.

hey retard...he is on ignore...why do you always need others to make your arguments and "proofs" for you?

every post i've made proves you right....lmao....you are a fucking moron

still waiting for you to explain this mysterious proof you whine that you haven't received...it says alot that you can't even explain what it is you want --> that is because anything that does not comport to your world view, you reject outright, no thought, no rebuttal, you're a liberal robot

 

[Rune]

Yeah, I am, and I'm a skilled one too. I'm a welder (in addition to other titles). Were I to work for a automated factory, my job would be inspecting the welds robots make. That takes less skill than actually making the weld itself. Therefore, the value of my skill would diminish, as would the value of my pay, even though the robots productivity would greatly outpace my own.

You were a welder 30 years ago and can compare the work requirements then versus now? I am and was. More, not less is expected of and produced by today's welders, and we are not just rod-burners anymore. Today's "welders" are expected to be fabricators with a laundry list of skills and proficiency in multiple weld processes. The advent of CNC machining and welding has demanded an INCREASE is skills and responsibility, not a decrease. Meanwhile, I was offered a medium size weld shop to run last month. The salary offered was the exact same wage I was earning in the early 90's, the responsibilities far greater, and the purchasing power of said wage far lower. Needless to say, I declined the offer, but I am intimately familar with the situation and your supposition is incorrect.