How is this legal?
How is this legal?
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computers and automatons dont need wages
Rich buy the laws.
Also, rich dismantle schools so they churn out more cuckservatives who can't math and attack anybody who tries to show them how badly they're being fucked.
If I spend a hundred million dollars and years in research and development to create a machine that automates the widgetmaking process, the lone Mexican working the widget making machine is 100X more productive... but he isn't worth a damn dime more than he was before. In many ways, he's worth even less.
Why do you think you deserve more for doing less, when others put in all the work, and all the expense, to even make your job possible?
It looks like something happened around 1971. What could that be?
outsourcing and mass immigration
not this
because edgy socialists like to ignore that they intentionally import foreigners to drive down wages, and also demanded non-monetary compensation
In terms of actual pay, including benefits/pension, wages have continued to go up
[Citation needed]
(((We))) need cheap migrant workers.
You : Okay
nope
wages increase when production increases
unless you outsource all the jobs to China and flood the labor force with cheap labor
that accounts for CEO and upper management
Heritage foundation does shifty shit like that with their charts, highly unreliable.
Reagan legalized millions of mexicans, was he a socialist?
>compensation
>not real wages
trashed
that's cheap Mexican labor fyi just to make things clear
If you're producing more at work, why haven't you demanded a raise or found another job with better compensation?
Early seventies are when we opened up relations with china (and thus began the phenomenon of importing cheap chink goods instead of making things ourselves) as well as ending the breton woods system, meaning we got rid of gold-backed currency.
According to your chart the trade imbalance started around 1990, while the trend in the OP started around 1970.
The trade balance has pretty much no measurable affect on jobs or earnings.
the jews own the politicians and the people are too stupid to do anything about this
I don't know but it definitely wasn't this.
kikes abusing free market rules.
china/mexico/vietnam/taiwan have no minimum wages and we do.
Reagan was a globalist
He only did a few good things (increased defense spending, ran a deficit) most of what he did was shit.
wages are lowered by outsourcing and the flood of cheap labor from Mexico
Hart-Celler Act of 1965 and Taiwan Relations Act of 1979. Who knew opening the country to cheap third world labor and opening the country to cheap third world products would put downward pressure on the wages of those who labor to make cheap products?
>wages are lowered by outsourcing and the flood of cheap labor from Mexico
That didn't answer my question.
the problem is wages are growing much faster than productivity in many industries. this is just food services as an example. this is wages over productivity.
you get massive productivity with computers and electronics while jamal at mcdonalds is demanding even more money when his productivity already cannot stay on pace with wages.
that's the trade balance with China which didn't fully come into the WTO until the mid 90s thanks to Clinton and NAFTA
>Also, rich dismantle schools so they churn out...
That's done by government. Nobody is a stronger defender of the current public school system than Democrats because teacher's unions pay them big bucks to do so.
So what does it have to do with jobs or compensation?
>when you pay someone in mexico or china $1/h and charge for the finished product like you payed $10/h
because you will just get replaced by cheap 3d world labor or have your job outsourced
There a reason America had protectionist policies from 1790-1970
en.wikipedia.org
It's because we weren't godless globalists.
the cuckservatives are tricked into hating organized labor. they vote against higher wages for themselves.
> Sup Forums is against getting paid slightly more
I'll never understand some of you guys.
less jobs
and lower real wages
how is that hard to understand?
usnews.com
Women entering the workforce.
And OP's chart factors all industries into one graph regardless of which ones saw an increase in productivity and which did not, making it complete and utter bullshit.
What's your point? The Heritage graph demonstrates at least one sector (of many) which has traced perfectly with productivity.
I'm OP and I think the chart is a fucking travesty and literally want to know why people are not being killed over this shit right now.
I also don't even understand it either, I've yet to have a satisfactory explanation for the stagnation in real wages beyond "the rich, dude"
Wow, people ready to retire have more money saved up... really makes you think
>about putting Bernie voters in concentration camps
>payed
paid
That's what you get for importing millions of workers to lower the value of labour
The US trade deficit is about 3% of our GDP, you ignorant fuck.
I will not be replying to any more of your posts. You have not earned the right to discuss economics. Try again next thread.
are you this bad at reading graphs?
net worth of all age groups has decreased
>Bernie voters
You're the one arguing for mass immigration and outsourcing here, friend that makes you either a #hillshill or a #feelthejohnson
Correlation/Causation, read a fucking textbook and come back next thread you fucking kindergartner
jewdeu pls
Because "higher wages" mean a whole lot when prices also rise.
Fucking retards.
youtube.com
youtube.com
>implying there's any real difference between rethuglicans and democucks
They're both bought and owned by the elite. Stop falling for the identity politics game they play
>Employees being paid in forms other than wages don't count! Capitalism is evil!
>read a fucking textbook
Any in particular?
That kike-puppet Reagan fucking up the entire world for his sweaty Jew master, Kissinger
Very good goy, you all should take a pay cut so the cost of living goes down! It's for your own good after all!
>only a few percent of GDP
That's incredibly asinine
The trade deficit is hundreds of billions of dollars a year costing the US millions of jobs.
good luck increasing demand in an economy when you a large chunk of your salaryis going to pay outrageously inflated health care prices and can't pay for anything else
non wages don't pay your rent
meant to post this graph on how health care prices are increasing far beyond the inflation rate.
Producer of a few goods, consumer of a thousand. Nobody owes me, you, or anyone else shit - we all want lower prices because that means our money is worth more. You want only your wages to rise and only other people's prices to rise in regard to the good(s) you produce because you're a malevolent retard.
>gooood goyim, you don't need money, that would give you financial independence!
>we'll just throw you a few bones in terms of benefits, and maybe even some stock options to boot. What's that you say? You don't want or need this dental coverage? You'd rather just be paid for your labour instead? Well that's too bad, goyim, we're only giving benefits now, I hope you enjoy your economic slavery. Don't forget to vote democrat or republican in the next election - either way I win!
why anyone would think that globalist jews have you economic interest at heart is beyond me
Neither does a shovel of a trailer tractor.
But when they were invented the workers that were able to use them increased there productivity and wages immensely.
Basic free market economics says marginal product of labor = prevailing wage of that worker.
This materialist, consumer culture is cancer. You don't need any of that cheap shit from China, you don't need the latest flat-screen, and you sure as hell don't fucking need the latest iPhone. I shouldn't be paid less so YOU can pay less for cheap shit you don't need. If you want to pay a lot of a money for some junk, that's your perogative, but don't fuck with my wages because you assume everyone is a mouthbreathing, materialist retard like yourself
>you should have the same standard of living as an impoverished east asian because my god of the free market tells me so
fucking neolibs and globalists.
>good luck increasing demand in an economy when you a large chunk of your salaryis going to pay outrageously inflated health care prices and can't pay for anything else
>money spent on health care just fucking disappears into the ether.
Reagan was tricked into it and he regretted it afterwards
They made all sorts of promises like border walls, more enforcement, etc
It wasn't supposed to be a blanket amnesty either
Just goes to show that you can never compromise with liberals, all of them are liars
are you guys telling me that Occupy Wall Street were actually right and that the kikes are indeed behind it all?
People literally beg for it.
It's call mass immigration
>It's the Jewish scheme that the government either requires or doesn't tax corporate health plans.
Do you honestly believe companies _want_ to pay insurance providers instead of their employees?
I want a better standard of living for people. Cheaper goods and services are something everyone wants, because it means the work they do becomes more valuable and gets them more for less.
You're quite literally arguing for people to suffer - and for what, exactly? Your ego?
>h-h-he was tricked!
>there's no way that this lying, globalist sack of shit just did what his jewish masters told him to in kicking off the new globalist order
Stop defending Dementia: the President. He was probably the worst president in all of American history.
You have a higher standard of living when the goods you buy have a lower price as a matter of fact, retard-kun~
This post is why I love Sup Forums
>healthcare
no it mainly goes into the parasitical FIRE sector (finance, insurance, and real estate) that produces nothing besides debt, cheap credit and ridiculous prices fueled solely by the government policies of bailing out wall street and fueling debt leveraging
It doesn't help the real productive economy at all.
unz.com
I suggest reading this article
or listening to this video
youtube.com
tl'dr putting money into the black hole of the financial sector just removes money from the circular flow of income, depressing production and wages.
Globalised capitalism (neoliberalism) has entrenched itself
>when you have no job or money because all the jobs are in China/and or have been flooded by cheap Mexican labor you win
are you Justin Trudeau?
Yes, because it's all one big racket. Health insurance companies are the most corrupt, sleaziest, most dishonest in the world. You think their CEOs and the CEOs of multinationals don't laugh at us plebs at their local Governor's gala?
I want cheaper vital goods and services. I want jobs for my people. I would rather retards like you pay more for an iPhone constructed here (because you'll inevitably do so) than one in China. People don't need 80% of the material goods they waste their money on, things would be a million times better if people went back to valuing the basics; the outdoors, food preparation, quality time with friends. Instead, autists like yourself think the ultimate goal of a civilized society is to buy the latest crap for as cheap as possible, and damned be the consequences of putting your fellow countryman out of work, of corrupting your government, of becoming reliant on foreign powers.
Because cheaper goods means you don't have a job. Yeah. Brilliant.
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youtube.com
If everyone engaged in your thinking, the end result would be a complete loss in real wealth for every single person who isn't a government employee.
youtube.com
Deadweight loss in regard to every good that's not most competitive domestically.
yes
All the jobs that would have been in the US are now in China, resulting in low demand for labor and as a result low wages. People with low wages in the US results in low demand resulting in even lower wages, and lower demand, and so on and so forth.
It's not a difficult concept unless you have your head up your ass.
I never understood this meme. Rand denounced Judaism before she even came to America and certainly wasn't in support of globalism.
>low wages
Delusion.
youtube.com
Keep being completely wrong and mad at the world for how shitty you think your pathetic life is until you're 5-feet under retard-chan.
>le judaism is just a religion maymay
the jew's subversive behavior is genetic. Even people like Bill Maher, who didn't find out they were part jewish until they had grown up, still exhibit the stereotypically subversive traits of jews.
>Deadweight
this is what libertarians consider anyone who is paid over a few cents an hour
>Jews are just a religion, goy
kek
>wasn't in support of globalism
she certainly was to the extent she wanted to abolish all relevant national economic policy
yes low wages, it's exactly what is currently happening in the US especially relative to the inflation in asset prices and consumer debt.
you can live in denial all you what but everyone sees it which is why the voting blocs are so against establishment neolibs like you these days
Honestly you should just vote Shillary she has all the same policies as libertarians at this point, outsourcing, mass immigration, what's to not like?
>yes low wages, it's exactly what is currently happening in the US
Except it's not, and employment is high.
Just end yourself senpai - rid us of a shit-gene'd parasitic retard from the gene pool. You might end up raping a girl - the risk you might breed is far too great to tolerate.
>the end result would be a complete loss in real wealth for every single person
?
People in the west would be vastly better off without treasonous marxists determining policies
We gain nothing but exporting our industrial base
We gain nothing by importing foreigners
We gain nothing by treating basic necessities as speculatory investments
>We gain nothing but exporting our industrial base
We do when other people will do it cheaper than we will and we can do other things that are worth more. There's something called "comparative advantage" in this world.
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b-but t-trump is racist!
I don't know who to listen to
the Jewy kike libertarians who want to crush my wages, give tax breaks to CEOs and invite the third world in
or the Jewy marxoid socialists who want to ruin businesses with high taxes, crash the economy and invite the third world in
I'm for whoever limit third world immigration/adoption to females only.
When do you think the riots will come? Obviously minimum wage increases are going to be slight, and most retards on this board are against it. At this rate shits going to get disturbing (more so) if cost of living and inflation keeps going... which it has no reason not to.
>employment is high.
debt is high and wages are low
usnews.com
>Just end yourself senpai - rid us of a shit-gene'd parasitic retard from the gene pool. You might end up raping a girl - the risk you might breed is far too great to tolerate.
Are you sure you're not a leftist? This is exactly what someone defending Obama's globalist policies would say almost to the letter.
they want high taxes for labor and production and low taxes for wall street and other parasitical financial sectors whose only "contribution" to the economy is debt and flooding the market with cheap credit all while they loobby for decreased regulation of the banking sector so they can make as many bad loans as they please.
that's the one factor you seem to be confused on
they are shifting the tax burden to the productive working class and away from the oligarchical elite. Libertarians support this under "muh low taxes" and especially "muh flat taxes"
Ok pal
>females only
non white females create non white males
you should have learned from the Spaniards and Portuguese when they failed to wipe out the Indios.
Dam you are stupid the rich want more educated people
Ashkenazi jews are genetically distinct from all other ethnicities
this isn't even up for debate.
the-scientist.com
they are also genetically predisposed to mental illness
(((productivity index)))
somewhere someone is arguing that GDP is wealth
wages+benefits
/thread
Productivity means technology, not better workers, faggot.
And there is proof of subversive behavior being genetic?
>rich want more educated people
then why are they flooding the educated white 1st world with retarded non whites?
Whose "debt"? You mean the nanny-state you desperately want to pay for your worthless life by stealing from better people than you? Or your own retard-debt you brought on yourself because you're a nigger who lives in abject poverty and thought maxing a credit card was "free money"? Perhaps both?
I'm getting paid more every year - you just suck at life, and so do most other roaches like yourself ;)
I wasn't arguing that that was another user
I'm just arguing that judaism is more than religion
Nah, christianity is to be blamed.
en.wikipedia.org
Sublimis Deus [English: The sublime God[1]] (erroneously cited as Sublimus Dei) is a papal bull promulgated by Pope Paul III on June 2, 1537, which forbids the enslavement of the indigenous peoples of the Americas (called Indians of the West and the South) and all other people.[2] It follows the decree issued by Charles I of Spain in 1530 in which the King prohibited the enslavement of Indians.[3]
In Sublimis Deus, Paul III unequivocally declares the indigenous peoples of the Americas to be rational beings with souls, denouncing any idea to the contrary as directly inspired by the "enemy of the human race" (Satan). He goes on to condemn their reduction to slavery in the strongest terms, declaring it null and void for any people known as well as any that could be discovered in the future, entitles their right to liberty and property, and concludes with a call for their evangelization.
>Whose "debt"?
consumer debt created by cheap credit policies
>stealing from better people than you
I'm not on wallstreet
>Or your own retard-debt you brought on yourself because
So you're just going to ignore all relevant economic policy since the 70s? Debt has increased because the financial system has pushed for these cheap credit policies and deregulation, mass immigration, etc not because of consumers.
>thought maxing a credit card was "free money"
credit cards aren't even close to the main source of debt in the US, the main source of debt is housing.
>I'm getting paid more every year - you just suck at life
>let them eat cake
see how that works out
>not because of consumers
>private debt
>not consumers
Too dumb to converse with. Please end it. It's for the best. No one will ever speak with you again and they'll be significantly happier for it - especially your own equally shit-gene'd genetic dead-end low IQ parents.
I swear to god I hope you're posting milton friedman ironically.
I swear to God I hope you have a single argument that isn't suffused with empty rhetoric and sentimentalism.