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On Tue, 28 Sep 2010 01:20:33 GMT, "Colonel Kurtz"
wrote: On 27-Sep-2010, bpuharic wrote: - automation, imported cheaper materials and robotics accellerate productivity. Output of labor has declined due to automation, but the yield is of higher quality. you can have EITHER a capital intensive economy OR a labor intensive economy. you can not have both. we had full employment a few years back remember? and we STILL had NO wage increases. we had 28% increase in producdtivity in the last 10 years and STILL no wage increases while the wealthly went up. why only in the US? For much of this period Canada took it in the ass like companies did in your country. It has improved faster in Canada, but will not return to 2000 to 2004 levels. well, no. canada suffered less because it's more left wing than the US and regulated its banks. the US got killed because more americans are conservatives and belief your kinds of horse**** Full employment of minimum wage clerks (crap wages, not the artificial and destructive statute minimum wage) is fine for the equivalent lifestyle yeah in the US this means giving the rich even MORE of our money .. The previous subject was the middle class. Wages stagnated and decreased due to a tremendous decrease in demand for everything from design and engineering to factory labor. because the rich stripped mined the middle class. you want the rich to keep doing it with all your fables I had a machine department manager that offered to take the job at the same rate I paid my secretary 18 years prior. Why? The market sets the price of wages. Always. rather strange, then, that the germans dont have the big difference between middle class and elite income, isnt it? you keep ignoring this. you just refuse to address it, with your right wing bull**** If you aren't needed, why would you be paid more, or be employed at all? What I'm explaining is visible to the naked eye you're the helen keller of economics. |
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