Posted on 09/06/2021 6:21:50 AM PDT by Oldeconomybuyer
productivity, like automation?
Sure, you pay a backhoe operator more than you pay an unskilled guy with a shovel. You just don’t pay him 12 times more or you couldn’t afford the backhoe in the first place.
“The generations below me”...
Those kids were raised with “Participation Trophies”.
They will not be very good at their own incentives.
We were raised to know that WE had to make our own advancements thru hard work & willingness to actually WORK.
“Even as workers have been more industrious”
That is a false.
While it is true that “work” has become more productive, it is false to attribute it to a “change” in workers today working harder than workers in earlier generations.
It has been technology that has been driving greater productivity, which is also why the portion of the GDP obtained by the technology industries has grown as well. Those industries, and technology related jobs, is also where the lions share of wage increases has occurred.
Not every single young person is a woke pansy.
I think a good start would be to “eliminate” all HR personnel.
Why some fat black chick with a GED decides who a MSEE PE can hire is beyond me.
Mechanization has also driven productivity. Under the Marxian view of the world, the guy swinging the sickle is every bit equal to the guy driving the combine. Maybe even more so since the guy swinging the sickle is working out in the hot sun while the guy driving the combine may be in an air conditioned cab listening to Rush Limbaugh.
No....if the market demanded it the wage might be $26 per hour. Or it might be more. Or less. Let the market decide...not gubmint.
Last year they just wanted $15… but it’s never enough for communists
Yes, video slides may have replaced pull down maps and charts and modern coffee brewing equipment may have replaced the wood stove, but nothing along the lines of my sickle vs. combine example.
The “benefit” of illegals and mass migration…
Well said, and you’re exactly right.
I worked for so many people who would lie their asses off to keep from having to give raises. Their profit margin was allegedly 5% and they were near going bankrupt at all times and it was “the workers’” fault.
Reality at one place: Family business. Son worked 30 hours a week and screwed up several hundred dollars worth of material most weeks. He got a paycheck, his car payment and insurance was paid for, his cell phone was paid for. He wrecked his car one time and had a newer one within a week.
Daughter worked maybe 10 hours a week and had all the same things paid for and her cell phone bill was $7-800/mth. This was before the days of unlimited talk.
Dad ran a lot of jobs through the shop that he was getting paid in cash but the business paid for materials and labor. He simply tacked those onto legit jobs. Dad was paying alimony and had a new high maintenance lady. Dad had a 50 foot yacht that cost $500 in fuel every weekend.
I made it to foreman and had computer access, including the accounting software. Son and daughter also had trust funds.
But this business was doing so badly that they couldn’t give raises to the lowlifes in the shop.
Worked at another place where they spent $50k remodeling the office. Meanwhile in the shop, when it rained we had to pick up the extension cords and drape them across items because a river ran through it and roof leaked. Again, business doing poorly, no raises for the shop guys and it was the shop guys’ fault. Dangerous work environment in the shop but the people in the office had new $1,000 ergonomic chairs and pneumatic keyboard shelves that adjusted 3 ways.
They also had two sons who’s entire lives were paid for by the business.
Also bought a $200k crane truck. Shop still had a leaky roof and a river ran through it.
Some people really hate their production workers with a passion.
CBS News - Also known as ‘commie drivel’...
That the first graph productivity gains seem to parallel the personal computer revolution is just coincidental I am sure.
Is every employee at CBS paind at least $26 per hour?
It’s not 1966 grandpa, and society doesn’t reward hard work anymore.
How many H1-B’s did you compete against?
How many women and blacks got promotions for being under qualified but minorities?
How globalized was the US economy?
How white was the US when you were born?
Be happy you came up when you did, you were lucky it wasn’t like now.
—
With that outlook it is unlikely you will ever succeed.
I remember when minimum wage jobs were for 16 year olds on summer vacation from high school. Now people think a minimum wage job should support a family.
If you are 30 and working for minimum wage, you haven’t learned to do any more than a 16 can do. That’s your fault.
A young women asked the question 'how do we (Americans) come up with prices' for "things".
I didn't understand the question at first... then she went on to say one of her jobs was to take a Sears catalouge - using it as a guide - and assigning prices to Russian goods.
I laughed.
And told her no one assigned prices - that anyone who wanted to sell something made their own price up. I could tell from the look on her face she didn't believe me... I tried to explain if a person made a price too high - no one would buy the product... and if they made the price too low they would go out of business... it was so strange.
50+ years ago we were exploring the moon using equipment fabricated on manual machines mostly run by high school graduates, sometimes augmented by apprenticeships etc.
Today that level of skill vs education seemingly no longer exists.
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