I should keep this simple. Real wage growth flattened around 1975. If you think that’s because of laziness then you have to be able to explain how workers suddenly got lazier and productivity continued to grow at the same time.
OOTB's Political Thread . ..
- Thread starter BillyL
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I'm assuming showing total wage growth would show something similar, but I think using just median male income doesn't tell the whole story. I understand why people use it, to control for things like progress being made on women's wages. However, companies have to pay women too, so to take that expense out while showing their growing profit doesn't tell the full story.
I never once said it was due to being lazy. People in general are lazy. If you own a business, and have employees, you would understand my take. What are we to do when things aren't moving well and we go thru another recession? How do you expect any cooperation to keep people working when all of a sudden they still have to pay higher wages in spite of less profits. Your model means that it i make 20k extra, then that should be used to increase my wages. But the next job may not allow me to make but 4k. Doing what you suggest will cause another cost of living increase. That alone is why people struggle. And yes, I use a model that works for me. Its much better than graphs from the 70s. It translates into what middle class people do.
I,we,build out business for profit. From the landscape company all the way to the top. As for the poor, I was there. I grew up in a cinderblock home wearing hand me downs. We survived by growing our own food. I remember what it was like to have almost nothing for Christmas or birthdays. I remember getting picked on for generic shoes and clothes. I remember that the struggle was real. To poor to buy milk. My dad work with the county. He later worked into a better paying job, as did my mother. It takes time. People can work their way out of their situations. And all this happened during the 70s. Our society has it better than we did back then. The poor do not pay taxes, most can qualify for assistance. I know many who refuse to better themselves because of what they get. My God, they qualify for full health insurance now. We are not stuck in the 3rd world poverty level you suggest we are. There is so much more avaliable now than every before.
I,we,build out business for profit. From the landscape company all the way to the top. As for the poor, I was there. I grew up in a cinderblock home wearing hand me downs. We survived by growing our own food. I remember what it was like to have almost nothing for Christmas or birthdays. I remember getting picked on for generic shoes and clothes. I remember that the struggle was real. To poor to buy milk. My dad work with the county. He later worked into a better paying job, as did my mother. It takes time. People can work their way out of their situations. And all this happened during the 70s. Our society has it better than we did back then. The poor do not pay taxes, most can qualify for assistance. I know many who refuse to better themselves because of what they get. My God, they qualify for full health insurance now. We are not stuck in the 3rd world poverty level you suggest we are. There is so much more avaliable now than every before.
But that isn’t really happening here. I’m comparing real median male income to real gdp per capita. That highlights the lack of real wage growth relative to growth in economic productivity.
We do however also know that corporate profits have continually grown as well. Not all of that is due to flattening the wage growth curve, but I would wager it is a significant factor. There is also the regulatory cycle to contend with. Big business owns both sides so they use regulation to capture a larger share of the market, then they use deregulation to externalize costs. Most people kind of intuitively have the feeling that a handful of massive corporations have us by the balls. Anti-trust laws have also been gutted or just not enforced which crushes competition.
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Again, this a macroeconomic analysis. We’re looking at the entire economy, not your business. Nowhere did I say any additional profits you make should all go to workers. What I have said is that on average, at the macro level, workers should be earning more.
l never presented a model, and I’m talking about real wage growth. Which means increased purchasing power for those wages. People with disposable income have more purchasing choices. Choices breed healthier competition in any market. Obviously you’re doing what works for you. You’ve fixated on yourself the entire conversation despite the fact that this is a discussion about macroeconomics.
I already said that there would still be massively profitable companies and wealthy individuals. I also never said it is impossible for people to work their way up. And nobody is attacking the idea of profit. But massive corporations could stand to make a little less in the short run to start paying workers more. There’s no need to caricaturize my argument by suggesting I said were in “3rd world levels of poverty,” which I never did.
By the way, being 3rd world has nothing to do with economics. Those are just countries that were neither aligned with NATO or the Communist Bloc during the Cold War.
True. I think what I was trying to say was that if corporations are going to spend, say, ~20% of revenue on employee salaries - then if women's salaries are increasing rapidly, then male salaries will be relatively stagnant to compensate for the rapid rise in female salary while still staying at the 20% number.
Saw his on another board
It was mentioned on Morning Joe that Trump simply cannot turn the news cycle away from his disastrous handling of the coronavirus pandemic. He's tried his usual moves, but none of them are working. He's tried lying about it, but that didn't work. He tried to pretend it didn't exist, but that didn't work. He's tried to create other narratives, but people aren't being distracted from the crisis. He's tried his carnival barker routine on miracle pills, but that isn't working.
Normally he'd try to sue or bully an opponent, but that isn't an option.
He's got nothing. The entire situation confuses him because He's gone day by day, scam by scam his whole life, and he can't get free of this crisis.
It was mentioned on Morning Joe that Trump simply cannot turn the news cycle away from his disastrous handling of the coronavirus pandemic. He's tried his usual moves, but none of them are working. He's tried lying about it, but that didn't work. He tried to pretend it didn't exist, but that didn't work. He's tried to create other narratives, but people aren't being distracted from the crisis. He's tried his carnival barker routine on miracle pills, but that isn't working.
Normally he'd try to sue or bully an opponent, but that isn't an option.
He's got nothing. The entire situation confuses him because He's gone day by day, scam by scam his whole life, and he can't get free of this crisis.
I gotta believe that whatever rational part of his brain that still exists, has serious buyer's remorse about the decision to be president
no way in hell I would want to job. No matter what you do half the nation is going to say you suck. Why somebody as wealthy as Trump would choose to subject himself to this is beyond me. It’s kind a like the people who win the lottery then say they are still going to keep their school janitor job. If I had that kind of money I would be eating and drinking my way around the world with several bimbos on my arm
Completely agree. I couldn't imagine why the hell he would want a round 2 with the beatings he's taken, particularly from the media, the last few years (maybe that was the media's goal in the first place). But the fact he's running for re-election would seem to indicate he does want a round 2 - maybe he's just a glutton for punishment.
... and the blow. Don't forget about the blow.
He's IN IT, now. This is where his ego rules him. There's something (maybe several things) that he is enjoying, and wasn't expecting. He's operating in a different reality. And, I think the ordeal has had an effect on him. It affects all of them.
He is one sorry fvck and anybody that still supports him after the last 3 years is too.
You just don't know him. He clarified the statement with: "The people that know me..."
It's not enough to just know the history of this country. You have to KNOW HIM as well. THEN, you'd say he was the hardest working president. He probably is working hard. I think you'd have to put in some hard work to get the circus he's got going on up there.
Lol it gives people health insurance who otherwise wouldn’t have it. Is it a perfect law? Of course not. But it’s better than what we had before. You’re just drinking the far right koolaid as per usual.
No ship, Captain Obvious. Sooner or later, your ilk will make sure no commodity isn't provided to everybody. Calling healthcare a right that is to be provided is the most audacious perversion of the term 'right' imaginable.
And I make my own Kool-Aid. It happens to be American, not communist-flavored.like the swill your Pied Pipers feed you.
Dude, you got issues if you think people who defend Obamacare or aren’t far right are communist. You don’t own patriotism, not even close.
Take a step back and f**kin chill.
Hey, Bubba. Sister is calling ya. Says you’re due back by six for dinner and a handy.
what is 'ya', is that NewYorkese or is it some other repulsive northeastern garble? And why would your sister want to give me a handy?
How many former Presidents do you think Trump could name? In all seriousness.
I'd put the over under at like 25.
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