40 Years of Class Warfare in One Chart.

[SAYIT]

Computers and other technological advances have been responsible for the increased productivity, not the workers.

I'm afraid you're somewhat mistaken. Workers have been responsible for the increased productivity, just a different type of worker. It takes workers to design a computer, build it, write the programming, operate it, maintain it, etc.

And the work they do - or have already done - displaces (or displaced) many more skilled, often educated workers with far fewer skilled and semi-skilled ones. Consider a function as manpower consuming as payroll processing once was and how many skilled workers have been replaced by their computer. Consider how many workers have been replaced by automation. How many tax returns are done on-line instead of in-line at Taxes-R-Us? Most didn't find work designing, building or maintaining the tools which displaced them. The work they once did is still being done but not by workers and at a far more productive rate.

 

[EdwardBaiamonte]

"Productivity in the economy grew by 80.4 percent between 1973 and 2011 but the growth of real hourly compensation of the median worker grew by far less, just 10.7 percent….

"The pattern was very different from 1948 to 1973, when the hourly compensation of a typical worker grew in tandem with productivity.

"Reestablishing the link between productivity and pay of the typical worker is an essential component of any effort to provide shared prosperity and, in fact, may be necessary for obtaining robust growth without relying on asset bubbles and increased household debt."

40 Years of Economic Policy in One Chart CounterPunch Tells the Facts Names the Names

In the 1970s wages detached from productivity and the richest among us began using their newly acquired wealth to reduce taxes on capital, role back regulations, break unions, "and induce their shady Central Bank buddies to keep interest rates locked below the rate of inflation so they could cream hefty profits off gigantic asset bubbles."

Mission Accomplished?

workers got screwed in this country by liberals:
1) unions drove 20 million jobs off shore
2) highest corporate taxes in world drove 10 million jobs off shore
3) liberal attack on schools and family rendered 30 million unfit for work
4) liberal illegals took 10 million jobs and drove down wages
5) liberals deficits drove 10 million jobs off shore.
6) liberal regulations, like Obamacare, discouraged hiring by 5 million jobs

 

[georgephillip]

Class warfare is your view it's government's job to determine the appropriate distribution of money. Free markets give everyone the opportunity to earn the most pie.

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

 

[georgephillip]

workers got screwed in this country by liberals:
1) unions drove 20 million jobs off shore
2) highest corporate taxes in world drove 10 million jobs off shore
3) liberal attack on schools and family rendered 30 million unfit for work
4) liberal illegals took 10 million jobs and drove down wages
5) liberals deficits drove 10 million jobs off shore.
6) liberal regulations, like Obamacare, discouraged hiring by 5 million jobs

You tell 'em, Rothschild:
"'The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the (central banking) system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.'”

--The Rothschild brothers of London writing to associates in New York, 1863.

What "tremendous advantage" does capital derive from a central bank?

The Money Masters Famous Quotations on Banking

 

[kaz]

Class warfare is your view it's government's job to determine the appropriate distribution of money. Free markets give everyone the opportunity to earn the most pie.

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

You've obviously never managed or hired anyone. A free market gives people the chance to succeed, it also gives them the chance to fail. There are a lot of shitty employees out there. That's on them

 

[georgephillip]

You've obviously never managed or hired anyone. A free market gives people the chance to succeed, it also gives them the chance to fail. There are a lot of shitty employees out there. That's on them

So...what level of "freedom" does a market require in order to allow 15,000 US parasites to amass a collective fortune equal to half the GDP of Brazil?

 

[kaz]

You've obviously never managed or hired anyone. A free market gives people the chance to succeed, it also gives them the chance to fail. There are a lot of shitty employees out there. That's on them

So...what level of "freedom" does a market require in order to allow 15,000 US parasites to amass a collective fortune equal to half the GDP of Brazil?

People who build the economy and create jobs are parasites while people who smoke dope and drink beer on deliveries and talk back to their managers are underpaid. I don't know how to answer that delusion. That's someone I fired BTW for sucking at a restaurant I owned. I wasn't the manager they talked back to.

Parasites are leftists, rather than build anything you loot what was created by others, then you call them "parasites" to justify your crimes. Majority vote doesn't make it not armed robbery

 

[danielpalos]

The point is that the right's version of supply side economics, supplying the wealthiest with bailouts and letting the rest trickle down, is not very effective.

 

[ClosedCaption]

"Productivity in the economy grew by 80.4 percent between 1973 and 2011 but the growth of real hourly compensation of the median worker grew by far less, just 10.7 percent….

"The pattern was very different from 1948 to 1973, when the hourly compensation of a typical worker grew in tandem with productivity.

"Reestablishing the link between productivity and pay of the typical worker is an essential component of any effort to provide shared prosperity and, in fact, may be necessary for obtaining robust growth without relying on asset bubbles and increased household debt."

40 Years of Economic Policy in One Chart CounterPunch Tells the Facts Names the Names

In the 1970s wages detached from productivity and the richest among us began using their newly acquired wealth to reduce taxes on capital, role back regulations, break unions, "and induce their shady Central Bank buddies to keep interest rates locked below the rate of inflation so they could cream hefty profits off gigantic asset bubbles."

Mission Accomplished?

workers got screwed in this country by liberals:
1) unions drove 20 million jobs off shore
2) highest corporate taxes in world drove 10 million jobs off shore
3) liberal attack on schools and family rendered 30 million unfit for work
4) liberal illegals took 10 million jobs and drove down wages
5) liberals deficits drove 10 million jobs off shore.
6) liberal regulations, like Obamacare, discouraged hiring by 5 million jobs

Republicans dont even exist....uuuuh ok

 

[American Horse]

"Productivity in the economy grew by 80.4 percent between 1973 and 2011 but the growth of real hourly compensation of the median worker grew by far less, just 10.7 percent….

"The pattern was very different from 1948 to 1973, when the hourly compensation of a typical worker grew in tandem with productivity.

"Reestablishing the link between productivity and pay of the typical worker is an essential component of any effort to provide shared prosperity and, in fact, may be necessary for obtaining robust growth without relying on asset bubbles and increased household debt."

40 Years of Economic Policy in One Chart CounterPunch Tells the Facts Names the Names

In the 1970s wages detached from productivity and the richest among us began using their newly acquired wealth to reduce taxes on capital, role back regulations, break unions, "and induce their shady Central Bank buddies to keep interest rates locked below the rate of inflation so they could cream hefty profits off gigantic asset bubbles."

Mission Accomplished?

Interesting point of departure on the graph. I was an engineer at Westinghouse Distribution Division two years prior and two years after, and that point in time matches exactly when we got three computer controlled screw machines in the plant; done to improve productivity in the tool and die department and to better compete.

The plant had just come out of a strike by the IBEW that had lasted almost a year

 

[danielpalos]

The right's version of supply side economics is a form of class warfare.

Supply side economics should be supplying us with better governance at lower cost, not trickle down.

 

[georgephillip]

nteresting point of departure on the graph. I was an engineer at Westinghouse Distribution Division two years prior and two years after, and that point in time matches exactly when we got three computer controlled screw machines in the plant; done to improve productivity in the tool and die department and to better compete.

If I understand your comment correctly, the next question I would ask you is this: what is the?
"Purpose of an economy[edit]

"(CH) Douglas claimed there were three possible policy alternatives with respect to the economic system:

1. The first of these is that it is a disguised Government, of which the primary, though admittedly not the only, object is to impose upon the world a system of thought and action.

2. The second alternative has a certain similarity to the first, but is simpler. It assumes that the primary objective of the industrial system is the provision of employment.

3. And the third, which is essentially simpler still, in fact, so simple that it appears entirely unintelligible to the majority, is that the object of the industrial system is merely to provide goods and services.[12]

"Douglas believed that it was the third policy alternative upon which an economic system should be based, but confusion of thought has allowed the industrial system to be governed by the first two objectives.

"If the purpose of our economic system is to deliver the maximum amount of goods and services with the least amount of effort, then the ability to deliver goods and services with the least amount of employment is actually desirable."

Social credit - Wikipedia the free encyclopedia

 

[EdwardBaiamonte]

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

dear its 100000000% free. you are free not to buy another thing from Steve Jobs or any other rich person to prevent them from earning so much money!!

why not organize people to stop buying rather than use govt to steal your money back at the point of a gun!!

 

[EdwardBaiamonte]

The right's version of supply side economics is a form of class warfare.

Supply side economics should be supplying us with better governance at lower cost, not trickle down.

dear supply side economics just supplied us with new Iphones that 40 million Americans are standing in line to buy because the price and quality is so incredible! Iphones and all the other great new stuff didn't trickle down it flooded down!

 

[EdwardBaiamonte]

The point is that the right's version of supply side economics, supplying the wealthiest with bailouts and letting the rest trickle down, is not very effective.

of course thats 100% stupid as always since the banks got bailed out and then paid back the money while liberals bail out millions of failed individuals every year and don't even try to get the money back!

 

[georgephillip]

dear its 100000000% free. you are free not to buy another thing from Steve Jobs or any other rich person to prevent them from earning so much money!!

Why do you think all rich people are as productive as Steve Jobs? Do you support child labor, too? Please take your hedge fund friends and join Steve ASAP

 

[danielpalos]

The right's version of supply side economics is a form of class warfare.

Supply side economics should be supplying us with better governance at lower cost, not trickle down.

dear supply side economics just supplied us with new Iphones that 40 million Americans are standing in line to buy because the price and quality is so incredible! Iphones and all the other great new stuff didn't trickle down it flooded down!

that isn't supply side economics; it is demand side economics and Apple trying to keep up with "Jones" in any given market.

 

[kaz]

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

dear its 100000000% free. you are free not to buy another thing from Steve Jobs or any other rich person to prevent them from earning so much money!!

why not organize people to stop buying rather than use govt to steal your money back at the point of a gun!!

George wants to know why people aren't given more money in the free market, after all, money is free, right?

 

[danielpalos]

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

dear its 100000000% free. you are free not to buy another thing from Steve Jobs or any other rich person to prevent them from earning so much money!!

why not organize people to stop buying rather than use govt to steal your money back at the point of a gun!!

George wants to know why people aren't given more money in the free market, after all, money is free, right?

Because, capitalism is only useless to the right; the left knows we should be Using capitalism for all of its worth.

We could solve simple poverty in our republic, by investing in the general welfare.

 

[kaz]

When about 15,000 Americans "earn" an amount of $$$ equal to half the GDP of Brazil, is that your idea of a "free" market?

dear its 100000000% free. you are free not to buy another thing from Steve Jobs or any other rich person to prevent them from earning so much money!!

why not organize people to stop buying rather than use govt to steal your money back at the point of a gun!!

George wants to know why people aren't given more money in the free market, after all, money is free, right?

Because, capitalism is only useless to the right; the left knows we should be Using capitalism for all of its worth.

We could solve simple poverty in our republic, by investing in the general welfare.

My hangover cure is to take 4 aspirin and drink lots of water. Maybe you can come back and explain what that means when you can think straight again