Posted on 10/31/2015 7:49:39 AM PDT by Riflema
I noticed el Rushbo also was taken aback at the statistic that 51% of us are now on incomes <$30,000
I'm not a sympathizer with the 99% movement (or whatever Occupy was banging on about), but this piece does illustrate how the country is now organized to funnel wealth to a minority of non-productive plutocrats (Financial Services, Entertainment/Sports, Medicine, Politicians). This cannot continue, at some point the social stresses inherent will tear it apart.
Yes, there are some exceptions. I heard a very interesting interview with Charles Koch this week, a great example of someone profiting mightily from actually engaging in productive industries. But for every Charles Koch (or Donald Trump) how many Warren Buffets, George Soroses, Tom Steyers or other manipulators are out there?
In May, 2006, my job at Dell went to China.
I wish I’d read his article.
We’re skipping past the Second World? (That was the communist sphere, for the record.)
I believe this is factually incorrect. The single biggest factor in the scarcity of jobs is the increased productivity and elimination of entire classes of jobs that has resulted from automation.
I don't know the answer to this problem, but I'm not the type to take advice on any matter from a guy who collaborates with a jackass like Chuck Schumer to get his point across.
P.S. Chuck Schumer has been one of the leading advocates in Washington for unfettered immigration and open borders. Why doesn't the author mention the impact of this idiotic policy on unemployment and American wages?
Hey Paul I know! Let’s erect a high protective tariff, gut our foreign trade, and make domestic prices shoot through the sky. That’ll solve it.
It’s the absolute preference of The Won and his masters that this country not be a third-world country, but that we envy third-world countries.
It is a combination of automation, off shoring and unfettered immigration.
Of the three, automation is the most inevitable, but the off-shoring and immigration are controllable. we just chose not to do so.
As real jobs have disappeared, the Government Entitlement machine has stepped in to prop up the Economy. But there are limits to this. The entitlement clients cannot do more than simply subsist. But they DO keep consumer product and retail companies (e.g., Walmart) afloat. Many of the people getting rich are in finance or purveyors of social services.
It is really a sad situation. The people who have enabled this are nothing short of traitors, but they have been richly rewarded.
Can’t be a rich reward if (as they are also engineering) the dollar collapses and their reward is worth nothing.
We don’t need a “high protective tariff”, but if’s foolish not to enact a tariff to prevent labor/environmental arbitrage.
Trust me....the quislings are doing great. Most of them aren’t bothering to reproduce either.
Trump knows China is stealing our jobs... and the politicians in DC are being paid off by Wall Street to keep ‘trade deals’ working against American citizens.
The only way to save the country is to elect Trump...
This is correct but not complete.
If the title of your degree ends with the word "Studies", your job wasn't offshored; it never existed.
Negative effects on employment lead to decline in the division of labor, which leads to decline of total productive ability, which leads to reduced production of capital goods, which leads to less accumulation of capital goods,which leads to decline in physical capital intensiveness, which leads to decline on productivity of labor, which directly reduces real wage rates.
Given his history, - Would you fly on a plane if Baraq Hussein 0bama was the pilot? Yet we continue, thanks to those worthless SOBs in congress, to let him crash dive The Country toward oblivion!
So have 90% of so called Republicans in stride with The Chamber of Commerce. It is now a uniparty
I am hoping they will be hanging from lampposts and construction machinery one day.
There’s more to this than just protecting the buggy whip manufacturers. As Fiorina explained quite well the other night - regulation favors the entrenched interests. I expect Musk spent way less time on approvals for his “megafactory” than the guy in my town who just erected his own workshop. Why bother with real work anymore? When bright STEM grads are choosing financial service careers over even Silicon Valley, we have a cultural problem.
Like I said, get past the reference to ChuckYou and see if you can fault the rest of his facts.
Quite. For 40-odd years whenever I heard “automation means we can make 10x more with the same people”, I always wondered why we don’t just “make 10 times more”. Ok, It’s oversimplified. I suspect the real issue is that automation has been seen as a route to higher quarterly earnings/bonuses: “let’s make the same product with the same crappy after-sales service, same low R&D, but 10% of the labor input and pocket the difference”?. If you can combine it with offshoring, heck, why not?
I’m sure the Bolshevik leadership also thought they were “doing great” until Uncle Josef started purging them.
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