If you look at a graph of worker productivity, it shows a fairly constant upward
trend from 1940 until the present. If you look at a graph of worker wages, it
closely follows the productivity graph from 1940 until 1980. From 1980 onward it
simply flatlines. Economists have always told us that if you want to
increase living standards, the way to do it is by increased productivity, that
allows emplyers to increase wages without adding to inflation. So worker
productivity has increases quite steadilty, so where has the extra money gone?
It's gone into corporate profits and into the pocktes of the 1%. It
certaily hasn't gone to the workers who have produced all that extra
output.This is not a formula for a stable society. It is a formula
for either anarchy or a police state.
Whatever, just don't complain when there's a lot of people making so
little they still qualify for gov't assistance.
"Alternatively, individuals can take accountability, improve themselves and
work hard for a raise or seek a better job elsewhere." And
employers can choose to put off the greedy man and pay their workers a fair wage
for a change. Don't tell me greed on the part of the
businessman has nothing to do with it, nor that he would be "forced" to
raise prices, nor that his workers are less productive personally today than
yesterday's workers were.
Those aren't frivilous spending teenagers in the photo that ended up
associated with this letter, are they? The problem is that, for a lot of people,
jobs in service industries are all there is left. Yeah, work yourself up is a
great idea, and most people want to do that, but it doesn't work when the
ladder only has one or two rungs. Large corporations are never, on their own,
going to do what's in the best interest of people who work for them. A
little regulation isn't a bad thing.
People that beg for minimum wage increase can they increase there wages without
government intervention? Get rid of it all together. Where is minimum wage for
business owners? Who can only make a surviving wage after expenses if enough
customers patronize them to justify a wage increase.
So what happens when all these business realize that people's wages have
been kept so low for so long that they no longer have any money to buy their
goods and services? Someone else's employees are your customers and if they
aren't getting paid because the money is going to increased profits for the
1% instead of workers, you're going out of business.That's
really good for the economy.
I'm good with that...So long as those who are making $Trillions
as a result of those workers can't see a wage increase either.It's sad when WallStreet [who produces and makes NOTHING] can see
earning increase by a factor of 10, and yet the workers who are actually
doing the production see an increase of NOTHING!========= It's sort of like the soldier who gets food stamps and makes $9 an hour
from the Government, and the Defense Contractors who make $100's of
Billions a year from that same Government, and then YOU complain about the
DoD budget, and ignorantly blame it on the soldier's pay.
A well controlled and regulated capitalism is possibly the best economic system
that can be devised by humans. Without the control and regulation, it’s
just a different name for Law-of-the-Jungle. If we wish to remain a
civilized society, our economic system has to fit the world in which we live.
Not the world of hundreds of years ago. Perhaps not even the world of just a
couple of years ago. Privately owned business operations are our
choice for the economic system. However when the privately owned business
operations fail to provide the needs of society our only choice left is the
collective efforts of government. And while that choice may cost some freedoms,
almost every human being will choose life over freedom. If we
change the rules for business to bring back the proper sharing of wealth of
society we can all still have private enterprise and live happy enjoyable lives.
GLOBAL ECONOMICS 2100: After US business leaders shipped all good jobs to China,
they found themselves without a consumer base. Eventually, Americans ended up
delivering pizzas to one another. Today, the USA has the GDP of Somalia.
"...productivity since the 1970s completely ignores improvements in
technology and automation that made that productivity possible." Well, for
the first 150 years of this country increased productivity of labor, yes made
possible in large part by investment in both machinery and education, was
rewarded with higher wages. Now, you say that deal is off (apparently for the
last 40 years). Tell me what is work for? Is it to support the vast majority
of us who are labor, or is it to concentrate wealth so heavily that labor
can't survive. I don't know about you, but I am labor and I will be
rewarded for my increased productivity. What is society for?
Republican plan to fix the economy and create jobs in America...Spend year chocking and eventually eliminate the middle class, push
working class wages to sub livable levels and conditions,Americans return
to a 4th world agri-based country of "you grow it, you eat it, or
starve".Then the Future Global empires of China and India will
eventually begin out-sourcing and offshoring THEIR middle class jobs BACK to
America - paying them lower than Chinese and India workers salaries and creating
a new middle class in America -- 2075.
Same old arguments against raising the wage, except this time we have a lot of
adults trying to support families on minimum. Where is your
compassion for America's poor? It's been absent since the 80's.
Very interesting. A couple of comments approved earlier in the day have simply
disappeared.DN's censors must have become bored this afternoon.
Although there really wasn't anything wrong with either of the
comments.Ah, isn't Freedom of Speech wonderful?At
least as long as as DN's censors like what is said.
I didn't see the deleted posts, so I don't know anything more about
them. But we shouldn't confuse posting on a privately-owned site with
freedom of speech. The latter allows a broad range of opinion to be expressed
without threat of government censor. Posting here just doesn't apply to
As you blame the 1%, just remember that most people work for a small businessman
in this country rather a huge corporations. When they go after McDonalds, they
forget that most of the restaurants are owned by franchisees and not the
high school fan, " most people work for a small businessman in this
country" While technically true 52% it's still vey misleading. 20
million work for businesses with less than 20 employees (most peoples conception
of a small business). 20 million more work for a company with between 20 and 99
employees. Another 15 million work for companies with between 100 and 499
employees, and 48% of the population works for companies with more than 500
employees. This is hardly the picture of the neighborhood bakery
with grandpa getting up at two in the morning to pound out the rolls. BTW up
until a very few years ago the easiest was to get rich..very rich, was buy a
If you make the extra dollar you won't be entitled to the Government
programs. May be, that is why wages are low so you are entitled to Government
Ok liberals tell us how we solve our economic problems.You say that
jobs are going overseas to countries with lower wages.Now you want
to raise our wages.Raising our wages will make us even less
competitive. We will lose more jobs to countries with low wages.How
do you plan on fixing the economy by killing jobs?