UncleBuck
Well-Known Member
I’m literally just going by your own words about keeping two ledgers ya dumbfuck illegal
We’re you lying then or are you lying now?
Stagnant Wages since 1974
- Thread starter ttystikk
- Start date
We’re you lying then or are you lying now?
londonfog
Well-Known Member
but Bernie would have won if he had not lost
You poor (get it?) thing.
Budley Doright
Well-Known Member
Somethings not right here lol.I’m literally just going by your own words about keeping two ledgers ya dumbfuck illegal
We’re you lying then or are you lying now?
Fogdog
Well-Known Member
Jealous? Rocks are heavier, aren't they?
Many things happened around this time to contribute to stagnant wage growth for the bottom 80% (wages for top 20% have risen over 275% since 79). Where we used to have productivity and wage growth closely inline (aka you make more you earn more), this shifted largely in the late 70's/early 80s and with unions being dissolved and global opportunities for new labor arose (factories overseas) an employer no longer needed to associate increased productivity with higher wages as you had no union to support you and your job could easily be filled by someone looking for less pay.
I'm a huge fan of the economist Mark Blyth who brilliantly summarizes this transition and how it's brought us to this massive inequality we see today. I suggest check him out on youtube
I'm a huge fan of the economist Mark Blyth who brilliantly summarizes this transition and how it's brought us to this massive inequality we see today. I suggest check him out on youtube
moving_shadow
Active Member
well under capitalism the capitalists win, labour loses
whats the problem?
whats the problem?
moving_shadow
Active Member
in the early 70s we moved to pure fiat currency, thats the most pivotal moment in my view in keeping real wages down.
ttystikk
Well-Known Member
I've posted many links to his videos here, even had a thread on his work but most are immune to listening to reason.
ttystikk
Well-Known Member
You have the timing right but the causes go deeper than that.
Buddha2525
Well-Known Member
How do you fix the wages problem when wages is the problem? The person who "fixes" the problem needs to get paid. That person will demand his surplus value, who in turn is part of the problem. Once the bandaid he suggests falls off, he'll demand an even higher wage to give the lumpen a temporary raise again. Causing the same problem as before. Repeat.
When will you all say to hell with this pyramid MSM scheme?
When will you all say to hell with this pyramid MSM scheme?
Buddha2525
Well-Known Member
The extreme problem was caused with the invention of automation, putting off the balance of owner and labour.
UncleBuck
Well-Known Member
wages were rising under obama but they are now falling under trump
Farmer.J
Well-Known Member
Increasing wages for unskilled workers just drives employers to automation. Recently, they increased minimum wage in Canada to $15/hour. Now all the fast food places have digital screens to place your order and grocery stores have more self checkout lines than actual tellers. Those machines don't need to be trained, don't need benefits, workers compensation, employment insurance, sick days or pay. Increasing minimum wage can decrease the amount of minimum wage jobs. Good luck to your kids getting an after school job, or even getting one if they don't have good enough grades to be accepted into post secondary education after they finish highschool.
Farmer.J
Well-Known Member
Exactly
travisw
Well-Known Member
Buddha2525
Well-Known Member
Wages will continue to rise and fall no matter which capitalist stooge is in power, either right or left. The only ones immune from the sea sickness are the bourgeois plutocracy.
Why do you support plutocratic statist scum?
What do you say Atheist Jesus bot?
UncleBuck
Well-Known Member
nah
Buddha2525
Well-Known Member
FDR, who's by many considered a Democrat god prolonged the depression by over 7 years because his intervention ist dumb ass policies allowed capitalist collusion.
"The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes," Cole said. "Ironically, our work shows that the recovery would have been very rapid had the government not intervened."
http://newsroom.ucla.edu/releases/FDR-s-Policies-Prolonged-Depression-5409
londonfog
Well-Known Member
Silly Trumper. Do you think I would believe anything you uneducated fools say or believe. First none of Canada has been up to 15 dollars YET. That does not happen until 2019.
Why are Trumpers so fearful of everything. Poor little uneducated Tumpettes scared that an uneducated, non speaking English, no connection having, foreign worker is going to take your job and now add "the robots" are going to take your job.
My children usually worked for me while in high school. I doubt any one of them will be looking for a minimum wage job when they finished/finish college. In fact my oldest can claim and boast her first gig earns her 64,000 yearly. Not bad for someone under thirty.
Sounds like you have personal problems in your family with education, job searches and CAREERS.
But please do remember to tell you kin to smile when they ask " Will you like that small , medium or large "
… oh and hot fries only pleases Thanks