What happened in 1980 with wages?

Why the stagnation?

Other urls found in this thread:

en.wikipedia.org/wiki/Deregulation#Deregulation_1970–2000
sprottmoney.com/blog/fractional-reserve-banking-is-pure-fraud-part-i-jeff-nielson.html
theguardian.com/money/2017/mar/17/average-house-price-times-annual-salary-official-figures-ons
cnbc.com/2016/03/24/home-prices-rising-faster-than-wages-report.html
nwitimes.com/uncategorized/honda-s-u-s-workers-get-profit-sharing-checks/article_a9d330e4-75f5-5743-8c78-f4576f4a96ee.html
twitter.com/AnonBabble

How is "productivity" measured? It could have easily increased related to technological increase while the worker would have to do less actual work.

Mass outsourcing

This one off the key factors most people forget about. Yet I do think wages should rise with the inflation, but to say wages are inherrently linked to production is an outdated economic meme.

Nixon shock, delayed effects of 1965 immigration bill, full take over of fiat currency in the international system with the death of bretton woods. Am I the only person here who went to school?

End of gold standard. Money became entirely illusory and government controlled.

Gold standard ended (money no longer real)
Mass immigration bringing down wages
Outsourcing removing good blue collar jobs

man you know this graph is dumb as fuck. productivity increased between 1950 to 2010 by 80%? man who the fuck believes this bullshit. you tellin me "hard working people" in the 1950s who were working 40 hrs a week were accomplishing next to nothing? man fuck off. this graph is designed by commie fucks who want us to believe we work 2x as much as 1950s folks and get no additional pay. fuck outta here

Outsourcing lead to jobs leaving, immigration lead to drop in value of labor, government regulation made it even more difficult for business to compete.

/thread

>1980

Are you blind? It clearly began in the early 70s. What caused this? Simple. Supply and demand. This is the result of flooding the nation with millions of 'production and non supervisory workers' from South of the border.

>what is the immigration act of 1965

(((neoliberalism)))

This has to be bait. Productivity isn't measured by how hard you work, it is measured by the output of work. Fucking retard doesnt realize technological advancements have made increases to productivity exponential compared to hos much effort is put in. Fuck.

Just the nature of capitalism.
In normal situations where capital can be amassed, gains from capital outstrip gains from labor and thus the rich get richer.
Picketty is a redpill on this.

Things like forklifts for warehouse, riding pallet jacks vs walking ones. Computers help with a lot of basic stuff to.

>piketty
enjoy your 60% tax if you ever become rich

The black monday

So you're telling me technological advancements are responsible for that sharp increase in productivity, but you're demanding that the pay keep rising to match it although employees aren't actually working their ass off any harder...

Reaganomics is the cause of this.

>This is the result of flooding the nation with millions of 'production and non supervisory workers' from South of the border.
Partially. And what is mostly overlooked is that this was a direction by the moneyed elite - they want a growing population to put demand on things they own like assets and they want labor to be cheaper.
It is also strangely partially why the elite have sided with lefty id pol - because it silences debate on immigration.
That and also Jews.

Hmm.. I wonder who was elected.

>Are you blind?

>Robert Reich makes chart to shit on Reagan but forgets he didn't take office until 1981

I am not writing about his solutions to the problem I am writing about his identification of the problem.
However, I am a centre left white nationalist so I dont see a problem in taxing capital at a high rate in a white ethnostate - in a multicultural state, fuck no, over my dead body.

One person today can do the work of ten people from thirty years ago. You don't give him thirty people's worth of wages but yeah wages should increase because the rest of the economy isn't going to stagnate to match his wages

This and the pill allowed most women to enter the work force, effectively doubling the amount labor force with workers willing to take low wages.

Neoliberalism began, which was exported worldwide thanks to the IMF. Also known as Reaganomics. Over on /leftypol/ we discuss Neoliberalism all the time, something that people here sadly tap their ears and screech to be quiet. Ironically, this is the result of mass deregulation and tax cuts, but Sup Forumsfags don't like that narrative so they try to find other minor excuses.

No, just stating that you're a fucking moron for calling bullshit on a completely sensible graph as if you know what you're talking about. I believe in the free market mostly and artificially introducing a price floor for wages is dumb.

nah this is not related to neo liberalism, this is how capitalism has always worked. the postwar era to the 1980s was just an aberration.
Also - all commies should be shot on sight.

Read a book please. Literally everything you said was wrong.

It's very easy to answer: wages stagnated because of third world immigration, manufacturing has been mostly shipped off to banana states, so now you can only sell services.

Just because politicians are faggots, the 80% of the workforce is actually working in services. Does this sound like a productive economy?

didn't have enough wars?

lol estrogen filled leftists always make the most pathetic intellectuals, made all the more pathetic by their lack of modesty.

This. If people woke up to the dangers of neoliberalism and trickle down economics there would never be a retarded free market lolbergtarian thread on here ever again.

love that y axis.

man socialists are retards

Boomers.

*Mass regulations fixed that for you
*Tax increases fixed that for you

Free Market gold standard and flat tax and the kikes will become an endangered species

Advancements in technology resulting in the same amount of work producing a much higher output.

It's jews.

>estrogen filled leftists always make the most pathetic intellectuals

This is rich coming from someone on the most sexually repressed board on all Sup Forums, which, fuck, is saying something

Unfortunately people don't like to read here. The Shock Doctrine would "red"pill a lot of people here if they read it and realized how vile neoliberalism truly is.

The gold standard had to be abandoned to bandage the rapidly deteriorating Capitalist economies of the West after the Great Depression. It was essential to bolster economic growth.

>Tax increases

Corporate tax rates have been declining for a century.

>mass regulations

en.wikipedia.org/wiki/Deregulation#Deregulation_1970–2000

It even begins with 1970. Don't be a sheeple.

This chart is actually sugar coating it, because every president starting with Reagan has been fudging the numbers on real inflation. Each one fudged the numbers more the the one before him, until Obama made the inflation numbers totally fucking useless. One of them took out HOUSING COSTS along the way, I think another one took our MEDICAL INSURANCE COSTS (or "recalculated it") as well. The ONLY thing that has not gone up 2x more than the "official" inflation rate is staple foods and electronics.

REAL wages have gone DOWN every year since 1996. That's why you can't get shitty job and save up for a house anymore, like you could do in the 1970s or 1980s. That's why one wage earner can't pay all the bills for a family of 4 anymore.

Only fags who went to Wharton know that useless kike bullshit.

Illegal immigration (and cheap labor in general) + outsourcing

What is this "wages didn't keep up with productivity" meme? If some new equipment is invented that increases worker productivity 1000% why would that translate in increased wages for the worker? Especially considering the employer had to buy the expensive equipment. If anything the worker is doing an easier job now and should be paid less.

>he thinks productivity is the measure of hard work
In medieval times 80% of the population worked the farms to make food. Now 5% do, and the work is actually easier. This is productivity you fucking retard

Gold standard ended. I encourage you to read this short series of articles on how fractional-reserve banking turned into no-reserve banking and how in the past several decades money became a literal fraud that should be illegal under current US law.

sprottmoney.com/blog/fractional-reserve-banking-is-pure-fraud-part-i-jeff-nielson.html

Yeah there now a lot less people getting a lot more work done cause of automation and mechanical advantage
Try moving a pallet with a hand jack versus a forklift, or harvesting a field by hand over a combine.
Hell especially in agriculture, a combine does the work of 100 men in 1/10th the time

my theory is that wages stagnated while women in the workforce increased

do you need more money to sustain a family? make your wife work and let me keep the wages the same

globalism

>productivity
this graph is bullshit. The majority of productivity growth has been in capital not labor. Combine this with globally available labor and you have a recipe for stagnant wages. On the flip side you get far cheaper products (since capital is more productive and labor is cheaper).

As a result we have access to far more consumer goods today than in any other time in history. 50 years ago a house would be lucky to have 1 tv, now even poor households have multiple tvs, cars, phones, computers etc and can afford to replace said goods every few years. The reason everyone feels so poor is that housing, education and health costs have fucking skyrocketed (thanks to retarded government programs) and that people spend far more on consumption than before. No one saves or invests and then wonders why they're poor.

>but... but i can't afford to save

Think about how much young people today spend on food and services compared to previous generations. No one cooks, pre-cooked meals or eating out is far more expensive than cooking. Hiring some spic to mow your lawn or whatever is more expensive than doing it yourself.
You enjoy a higher quality of goods and services but that comes at a cost.

Wether women or immigrants, it's only logical that the larger the worker pool, the worse the wages

When workers must compete for jobs, the employers can make all the rules and set whatever standard they like. When employers must compete for workers, the workers have it good, and can price their labor to the edge of profitability.

Women were joining the workforce en masse. 15 years prior the immigration floodgates were opened. Corporate tax rate was at 47ish percent.

Mostly fren, its the massive amounts of people joining the workforce making wages cheaper, combined with corporations investing their overseas profits overseas because of the tax situation of bringing it back home.

>10 cents have been deposited into your account

Wages in real terms (adjusted for inflation and compared to market prices of goods) have remained stagnant since the '60s.

>50 years ago a house would be lucky to have 1 tv, now even poor households have multiple tvs, phones, computers
Of course fucking electronic got cheaper because of technological progress, but basic goods like real estate, vehicles or food didn't.

Forgot my image

>This is rich coming from someone on the most sexually repressed board on all Sup Forums, which, fuck, is saying something

One fact that I can always rely on is men who obsess over sex like this are always highly insecure faggots, proving the point of the person you were responding too

>The gold standard had to be abandoned to bandage the rapidly deteriorating Capitalist economies of the West after the Great Depression.

You mean like how the American economy boomed post WW2 while Europe was literally rebuilt? Are you fucking retarded?

>Of course fucking electronic got cheaper because of technological progress, but basic goods like real estate, vehicles or food didn't.


Actually mate, the production of anything that could be outsourced became cheaper. Vehicles, clothes, electronics.

The trade off wasn't worth it though.

Who gives a fuck really. Modern society doesn't work. Who cares about stagnant wages? It doesn't make a difference. It is all a load of fucking shit. Money is a bullshit concept to begin with. Money doesn't make anyone happy.

Wages don’t go up with productivity, they’re tied to the market value of a position.

That's literally my point user, wages are stagnant but most consumer goods are cheaper.
See
The reason why people are worse off is a combination of the goods that didn't get cheaper like housing and peoples spending habits getting worse.

Yes. The result is that you can afford more electronics and T-shirts, but the real price of the most important commodity - housing - increases at an astronomical rate

theguardian.com/money/2017/mar/17/average-house-price-times-annual-salary-official-figures-ons
>Median price paid for a home leapt 259% between 1997 and 2016 while earnings rose only 68%, say ONS affordability data

You're getting KEKED economically at an unprecedented scale, but no one will point the finger towards the banks, because that would be "conspiracy thinking"

Money doesn't make you happy, but you definitely need it to find the things that will

You don't like money at all? You want to barter for everything? Or live in a hippie commune?

Not to mention how insanely powerful the left have allowed unions to become, atleast in America. An example is my home town of Detroit where the Unions have legit priced themselves out of competition, paving the way for Toyota and Honda to take over as the dominant automobile option. American auto workers who are on the assembly line retire making close to $40 ontop of 4 weeks paid vacation, ontop of guaranteed pay if production slows down, ontop of their AAA healthcare.. And if you get caught being a lazy nigger theres nothing the company can do to fire you.

>50 years ago a house would be lucky to have 1 tv

Now we can't afford 1 house. But yay, now we can afford a bunch of useless electronics from China! Wooohhooo!

>wages are stagnant but most consumer goods are cheaper.
[citation needed]
And don't point towards electronics.

Also see: Another link on the same topic:
cnbc.com/2016/03/24/home-prices-rising-faster-than-wages-report.html

This is how the cattle gets milked. Give them cheap toys (smartphones) for distraction wile you cuck them for generations to come with rent/mortgage.

People have been given generations of time to learn what "predatory loans" are. Just because you get approved doesnt mean you take it.

>No one saves or invests

That is because the idea of having to save for 10 years just to afford a deposit on a house is fucking ridiculous. So what is there to save for exactly?

The IBM PC came out in 1981. Most of the productivity without wages spike us directly attributable to technology. Even outsourcing wasn't really viable without technology.

Reagan's massive tax cuts on the rich.

Jews

Prove me wrong Sup Forums

>implying the danger of banks is only loans
Do you have any idea about what money is? It's not created by the big government man, but by private banks in the """Federal""" reserve, in reality a conglomerate of private banks pretending to be a state institution.

Google: Fiat money
Google: Fractional-reserve banking

you realize much of the housing issues that were created in the US were due to government regulations forcing banks to lend, right?

The community reinvestment act immediately started the bubble that we saw burst back in 08

>You enjoy a higher quality of goods and services but that comes at a cost.

We don't enjoy a higher quality of anything. The previous generations had the actual things that the current generation wants - an actual fucking house, a decent job, etc. All this spending on food and services is just because houses are so expensive that "saving" is meaningless. A single weeks rent is like 40 takeaway meals for me. All of these foods and services you speak of completely pale in comparison to rent and mortgages.

Honda and Toyota are two hours south of Detroit, I make parts for both of them. The union philosophy shits on their quality and productivity controls and they pay higher to start than union plants on the new contracts do. The Nips are anal about QC and they know the kind of nigger quality issues Chrysler, Ford, and GM go through because the unions won’t let them hire third party inspectors.

no shit its not only loans, i thought you two were just talking about over borrowing and over spending

It's not 2008 and the house prices are still astronomical compared to what they were in the '50s.

What said.

Automation in manufacturing cut a lot of jobs, that’s because of increases in efficiency and automated reporting and a dozen other factors tied to efficiency improvements.

And how would you fix this?
The value of labor is stagnant since the labor pool has fastly expanded from globalisation. No amount of labor protections or taxes will fix that since businesses can just get their labor elsewhere (see detroit as mentioned)
And when housing prices are skyrocketing as hard as they are, it doesn't matter what kind of labor protections you put in place you can't help wages keep up with that kind of bullshit. If you want to make houses affordable you have to do so by lowering prices not raising wages.

Greed

not to mention that their purely capitalist profit sharing BTFO out of any excuse a union member will try and give you against them.

>Oh, Honda can't provide what Fords can

Meanwhile out of no where, nwitimes.com/uncategorized/honda-s-u-s-workers-get-profit-sharing-checks/article_a9d330e4-75f5-5743-8c78-f4576f4a96ee.html

Capitalism reached its final form,where only the 1% get a raise when things improve.

this is true. No one wants to live like a broke ass nigga just so that in 20 years they have a possibility of owning a home. Also job security has gone down the pan too.

Its pretty well known that computers weren't actually a desirable investment until the late 80's. Many companies transitioned early not knowing how to even use them. It was an expensive, glorified typewriter that required a large and expensive amount of training for most businesses. Only a small amount of companies was it gold, and necessary.

I want to hunt for my own food rather than getting it from global megacorp factory farm. Barter sounds good too. I see money flowing in society and it is all based on corruption and various stupid shit. "How can we fool people into buying things they don't need". To me, all of what I have seen devalues the concept of money.

>Nixon shock
Too may peopl believe that cause and effect, in economies, are closely linked (in time)...when ifnact they are not.
You cannot necessarily judge a president based on what happens in his term.

The world also started to catch up to our post WW2 pace. People often forget that after WW2 we pretty much had the world to ourselves for a few decades. We didn't have to compete with other nations.

barter is literally the worst economic system. And hunter gathering is literally the worst form of society

Yeah dude, and people weren't trying to escape their nigger pill popping crack smoking neighbors in every city as well. Sure the banks are funding the issue, but lets not pretend that houses in nice neighborhoods are expensive for no fuckin reason either

globalism

>And hunter gathering is literally the worst form of society

Hunter gathering societies existed for millions of years. This new form of society based on slavery and ownership and money has lasted a few thousand years and looks like it is in complete disarray given the state of the physical and mental health of the population.

I agree, you have better access to goods and services (thanks to labor availability and capital productivity) but can't afford important things like housing.
But housing prices being as high as they are is largely due to government mismanagement.
In other words, the economy has improved in general, but a few important sectors are so fucked it's holding everyone back.

*back in the 50s

Agreed. Well, there's plenty of room in Oz, get out in the bush and be free. There's no fucking land here that isn't already owned by some inheriting lord.

Oil Crisis you dumbass ....1979 Oil Crisis

hunter gathering is a terribly inefficient form of society, where all of society has to be involved in food production and literally everything else doesnt exist.

Well except people that already own homes, they're making off like bandits from the constant housing bubbles.

They even profit share with their suppliers, something the big 3 doesn’t do.

It has not been government mismanagement. It has been old cunts and foreigners buying investment properties and immigration. No government mismanagement. Negative gearing is practically a subsidy for investors

Unfortunately all that land in Oz is either desert or owned by the government and it is illegal to hunt on unless you are aboriginal or whatever.

Im 28, and if there's one thing i want to get across to our generation, its that the fucking party is over. You can easily achieve that same amount of success in this day in age.. Its called getting married young, moving into your parents house and save money for a fucking decade so you can then move into a house, have the wife stay home and then have kids. At this point in time hopefully you never went full retard with spending and also have gained other capital with investments like stocks, vintage cars, whatever the fuck.. And boom, 2035 doesnt look so bad.

But NOOOOOO MUH IPHONE X

Automation
Globalization
Overpopulation
Stagnant wage growth due to worker oversupply and corpratization as well as mega corps and inflation bubble

And negative gearing is a government program user, it's literally government mismanagement. The government is run by boomers and homeowners who will do anything to increase the value of their portfolio. Get rid of their retarded interventionism and let the free market stabilise prices and things will improve. It would probably help to get rid of all the fucking immigrants as well.

Our way of life is still efficient and great enough that we can afford to worry about social shit instead of wether or not we'll have enough food to be alive next week and trembling in fear of the yearly hell that is winter.

This is actually a myth. I believe you are referring to the idea that hunter gatherers had no time other than to hunt and couldn't pursue other activities. That has been shown to be false and they had more free time than all other forms of society.

I would rather spend my "work" hours hunting, as that is what our bodies need, then my current work hours sitting at a computer programming.