Sup Forums will defend this

>Sup Forums will defend this

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en.wikipedia.org/wiki/Copyright_Act_of_1976
minneapolisfed.org/publications/the-region/where-has-all-the-income-gone
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No I won't.

wage has nothing to do with productivity
take econ 101,it would help you

Daily reminder that the Nordic model not only has no minimum wage, but actively needs there to be none to even function.

that's what happens when you suddenly double the labor force by encouraging women to work and don't tell foreign workers to fuck off

I blame globalist trade policies and anti-corporate tax policies and regulations.

funny how i knew what this was a chart of before i opened the thumbnail

What in the fuck is the units on that graph's Y-Axis? Hopes and Dreams?

Liberals will defend this

And why should workers be compensated for a companies investment into more efficient and productive machinery and tooling.

Technology explains the rise in productivity lmao

>women enter workforce
>immigration intake increases massively
>wages immediately stagnate
PURE COINCIDENCE

>doesn't understand supply and demand

en.wikipedia.org/wiki/Copyright_Act_of_1976

wow, would you look at that! something that mad capital way more valuable also made labor way less valuable!

This kills the commie

>Sup Forums will defend this

behold, the effects of globalism

Shut the fuck up you inbred retard. Of course we defend this, we're pro-slavery. Now go polish your jewish masters' shoes you fat fuck

But the increased productivity is due to machines

Well since someone just above the poverty line can easily have air conditioning, a car, food, smart phone, computer, game system, netflix, and the internet, its not as big of deal to be lower middle class these days.

>companies are not build/ sustained by workers

Oh I see.

Because the workers are the ones doing the work?

That's why they're called "workers" little Aussie buddy

>Implying that getting two goats instead of one is better to a 1.50$ hourly wage increase.

We longer teach econ hence OP's retardation

The increased productivity is due to machines and computers, not worker skill. Furthermore the workforce became flooded in the 70s as more and more women started working full time, turning it into an employer's market and keeping wages effectively frozen.

Daily reminder that the Danish model only works with strong unions.
Unions Sup Forums think socialist degeneracy, hell, even EU is trying to destroy them to make us more like Germany.

>implying this is not an early indicative of the future distortion of income.

Give it 50 years of that exponential increase and you'll see how be working for goats.

No, they aren't you communist scum. You're selling your time to the company based on the wage you agreed apon, you otherwise have nothing more to do with the ownership of the company.

TAKE A FUCKING BULLET
PUT IT IN A FUCKING GUN
POINT A FUCKING GUN TO YOUR TEMPLE
PULL THE FUCKING TRIGGER

>Implying backwards Asian nations will continue growth for 50 years when it's literally impossible for the globe to sustain them continuing the current rate of development for even 10

Top Kek

>posting misleading graphs because you don't understand economics
Do some research faggots

minneapolisfed.org/publications/the-region/where-has-all-the-income-gone

>OPEC's dollarisation
Allowed the US to begin massive federal debt because economically, why not?

Also decoupled US productivity (measure of intangible GDP not tangible material wealth production) from reality.

>Mass immigration
Widening the labour pool, depressing wages

>Advanced technology businesses and service industries
Profitable economies whose labour needs did not scale with productivity. The ability to create value and profit out of "nothing".


All these factors combined.

You can see productivity already decoupling from hourly wage in the mid 1960s and the graph ignorantly removes pre 1947 in order to present post-war boom as "normal", but you overly focuses on 1970 as when it goes wild.

Why? See above main factors.

>implying this isn't about the manufacturing industry being shipped overseas for cheaper labour
>implying this won't decrease the quality of life for Middle and lower class in developed countries

>industry overflows your home country with migrants to maintain a cheap labour market
>you commie scum you don't understand you're supposed to have shit quality of life!

Ok friendo.

It's called automation. Just because people are producing more doesn't mean they're working harder and that the work is more skilled and thus deserving of higher pay.

What happened in 1972?

You know emu, if you want to believe China's projections of consuming more copper then the entire world will be producing by 2025, that's your prerogative, but let's not pretend it's sane.

there is nothing to defend. That is because your chart is wrong.

Workers increases in productivity aren't due to the workers becoming more efficient, do you really think the soft faggots of today are more efficient than traditional men pre 70s?

The increases in productivity are due to better equipment, more effective use of workers, less wastage.

You're wage is purely dependant on what your value is to the company and what you choose to accept as a trade for your time and energy.

If your value to companies is equal or lesser than that of migrants then how can you blame anything other than your terrible life choices, start blaming yourself liberal.

>china is the only Asian country with workers capable of stealing jobs from developed countries

You serious leaf?

...

Not even close to what I was >implying

You made the batshit implication Asia's growth will continue for another 50 years, I pointed out it's physically impossible for it to last another 10 with China being used to make the point.

Go watch an emu fuck your wife.

I'm assuming consumer price index (CPI)?

>can't debate without using as hominen
>you're the liberal


Ok famelan.

I'm an audiologist, I earn 100k a year thanks to experience, but I can see my colleges starting with a wage lower than what I earned 10 years a go due to the amount of immigrants.
It's not just my field, it's every single field. If the open world market it's not working to increase the quality of life of our countries then why do we need it?
It's getting harder and harder to buy property and raise a family out parents did it at 20-25, we only reach security at around 30.
That's just my personal experience tho, although I'm sure even an idiot like you can understand that globalisation has stagnated wages in the developed world.
You don't have to be a commie to realise that while inflation has steadily been rising and the cost of life has been rising too wages have not...

Nixon visited China

And? I've worked plenty of shitty jobs. I moved onto higher paying opportunities because I didn't want to be one of those people.

You don't deserve shit, you lazy worthless waste of oxygen.

I cannot stand people who feel entitled to more money simply because they exist. If you don't like where you work, fucking do something about it. If you don't like your life, fucking do something about it.

I worked at Arby's and slept in a mattress on the floor for two years. I saved up enough for a basic workstation computer back in 2010 and started writing articles for people online. I'm not a writer and I don't have a college education but it paid mounds more than minimum wage.

From there, I went into a front end web development position even though I didn't know dick all about html, css, JS or anything I needed to be doing. Google and whiskey became my best friend when I was doing this. I went from that to investing in 2014.

From there, I'm doing great. I cannot stand seeing people who think they deserve shit just because they're not making the money they want. The world doesn't owe you shit and it's not fair, get over it. I made it out of my hole and so can you. You're just lazy.

>Wages don't go up as equipment becomes increasingly specialized and expensive
>Wages don't go up as the economy increasingly focuses on the service sector
it's almost like the average American is easily replaceable because we have automation and most of them fill nonessential roles. Make yourself less disposable if you want more money

Those automated machines require expensive engineers to keep them in line and they break down, a lot. I worked at a plant where this machine's sole job was to create plastic bottles to be packaged.

This fucking thing would break down several times a day and required some special service technician to deconstruct the entire thing every time it did it.

Thank god too, that job sucked and you were always praying for the machine to die.

moron Sup Forums loves unions

Ain't you guys also going to need to raise your already sky high taxes if Trump makes you uphold your NATO obligations?

Yeah fuck my bosses, they only pay me minimum wage for working at
McDonald's cash register.

If only they gave me twice that amount I'd put out approximately 50 productivities so that their restraunt can afford more units to annex the adjacent Burger King.

Their loss

Audibly kek'd, thank you Fernando

Why wouldn't adjusted dollars stabilize?

Even though people have more stuff these days, the things that you can compare are about the same because the cost of labor keeps going up.

Nah, our government is right wing currently, so they'll find other ways. Maybe cut some more benefits for sandniggers or some shit like that.
I'm actually glad Trump wants us to increase our military budget. Right now we're kindda pathetic and all the left wing cuck saying that we don't even need a military lost their argument, since even they know that NATO is god damn important.

Our Unions in the states are quite strong for skilled labor positions, but outside of that, there's no basic workers unions.