Pages

Jump to bottom

4 comments

1 TheAntichrist  Fri, Apr 12, 2013 7:27:04am

I expect wages as a percent of GDP to continue to fall, regardless of government policy. This is primarily due to technology, fewer workers are needed to produce the same amount of work. Instead of a room full of clerks processing mail orders like at Sears in 1950, at Amazon a computer just spits out the order directly to the warehouse floor. Much of the work building automobiles is done by robots, which weld sheet metal together faster and at higher quality than any human could. Even cashiers at grocery stores have been replaced by bar code scanners operated by the customer. Delivering paper newspapers by hand by an army of truck drivers gives way to electronic distribution, helped along by sites such as this one operated by what are essentially unpaid volunteers.

Government policy isn’t going to stem the tide of technology. I don’t know what the future holds, except that wages as a percentage of the economy will continue to fall.

2 Haywood Jabloeme  Fri, Apr 12, 2013 9:06:17am

So, most studies show technology to be much less that half of the reason why this is occurring but you say that the govt policy isn’t going to ste, the tide.

But this leaves and huge question unanswered if the economy has changed from a state where those running a business have to, at least some degree, employ a portion of those in the economy within which that business exists to one in which something, you say technology, has changed it where the people running that business and investing in it, benefit without returning much of anything back but ROI then how long can such a system last. Not only that, but since not requiring much labor to produce goods and services i.e. higher productivity, should lower the price of those goods and services. Except for IT, this is not the case.

As we do in physics this to the limit - in an economy where all the goods and services are produced without the need to pay anyone in that society to produce them, then those people cannot afford to pay for them. So you are saying that this is the ultimate form of off-shoring.

Then, how fair is it to those in that economy that do not participate, to be asked to stand by while a few others greatly benefit? What legitimate society wouldn’t make a tax structure and policy that ensures that this doesn’t happen?

There is a model, its the “Progressive Movement” of which, a Republican president was the best example of, Teddy Roosevelt.

3 Eclectic Cyborg  Fri, Apr 12, 2013 9:42:36am

Another thing to mention is that major corporations have fatter bank accounts than ever before because practically every one that received stimulus and/or bailout money just chucked it in the vault rather than letting it “trickle down” as was the original (flawed) intent.

4 Political Atheist  Fri, Apr 12, 2013 11:18:53am

re: #3 Eclectic Cyborg

Hiring goes with demand, which is still pretty low given the abysmal labor participation rate. Too few paychecks I guess is the way to describe that.


This page has been archived.
Comments are closed.

Jump to top

Create a PageThis is the LGF Pages posting bookmarklet. To use it, drag this button to your browser's bookmark bar, and title it 'LGF Pages' (or whatever you like). Then browse to a site you want to post, select some text on the page to use for a quote, click the bookmarklet, and the Pages posting window will appear with the title, text, and any embedded video or audio files already filled in, ready to go.
Or... you can just click this button to open the Pages posting window right away.
Last updated: 2016-01-01 10:29 am PST
LGF User's Guide RSS Feeds Tweet

Help support Little Green Footballs!

Subscribe now for ad-free access!Register and sign in to a free LGF account before subscribing, and your ad-free access will be automatically enabled.

Donate with
PayPal
Square Cash Shop at amazon
as an LGF Associate!
Recent PagesClick to refresh
#Thegreatpoolpondconversion - 210411The pumps are pumping along. Like they always should have.They go on when the sun comes out, they go off in the clouds and at night.We barely pay attention to their functioning and now can focus on the sight and ...
Dangerman
4 days, 12 hours ago
Views: 322 • Comments: 0 • Rating: 3
Tweets: 0 •
AFI - Dulcería (Official Music Video) "Dulcería" comes from AFI’s new album, Bodies, out June 11. Available for preorder everywhere now: riserecords.lnk.to ​ Directed by Adam Mason, produced by Elizabeth Mason LYRICSI saw sugar there, dancing in the sweet air. When my eyes began to ...
Thanos
6 days, 4 hours ago
Views: 462 • Comments: 0 • Rating: 0
Tweets: 8 •
The Shaolin Afronauts - Winds Across Gayanamede (Live at Adelaide Festival Centre) Recorded 21 January 2012 at Adelaide Festival Centre, Adelaide, Australia. Winds Across Gayanamede is taken from the second album from The Shaolin Afronauts; Quest Under Capricorn. The album drops 16 July on vinyl, CD and digital download via Freestyle ...
Thanos
6 days, 5 hours ago
Views: 407 • Comments: 0 • Rating: 0
Tweets: 4 •
#Thegreatpoolpondconversion - 210404Did you spend all week thinking about solar power and pumps? We didn't either.A week of flawless electrics and hydraulics.The first few days we went out to check on it like hourly.Now we don't even think about itThe proof of ...
Dangerman
1 week, 4 days ago
Views: 768 • Comments: 0 • Rating: 7
Tweets: 0 •
Springsteen - “Prove It All Night” Live at Cleveland Agora, 1978This is so perfect.
Secret ANTIFA Operative
2 weeks ago
Views: 908 • Comments: 0 • Rating: 3
Tweets: 3 •
Foster the People - Lamb’s Wool (Official Music Video) Official animated music video for Foster The People's single 'Lamb's Wool' off of their most recent EP 'In The Darkest Of Nights, Let The Birds Sing'. Listen to 'Lamb's Wool' here: stem.ffm.to Listen to 'Lamb's Wool (with Poolside)' here: ...
Thanos
2 weeks ago
Views: 852 • Comments: 0 • Rating: 1
Tweets: 2 •
Talk Talk - It’s My Life (Live at Montreux 1986) Live at Montreux 1986 is a concert video release by the British synth pop band Talk Talk of a concert at 1986 Montreux Jazz Festival in Switzerland. The show was part of a tour that started in April 1986 ...
Thanos
2 weeks ago
Views: 886 • Comments: 0 • Rating: 1
Tweets: 2 •
KALEO - Skinny [OFFICIAL LYRIC VIDEO] Music and Lyrics by JJ Julius SonNew song “Skinny" available now: kaleo.lnk.toFrom the upcoming album Surface Sounds out 4/23: kaleo.lnk.to What makes you feel good?What makes you angry inside? Why don’t you love me?You want to fuck me or ...
Thanos
2 weeks, 2 days ago
Views: 939 • Comments: 0 • Rating: 0
Tweets: 3 •
Hania Rani - Live From Studio S2 Listen to 'Live from Studio S2': hania-rani.lnk.to The full live set video was premiered on the evening before the annual Piano Day worldwide celebrations (March 29th). The motivation to make the recording of the live performances which became the ...
Thanos
2 weeks, 2 days ago
Views: 975 • Comments: 0 • Rating: 0
Tweets: 2 •
Billy F Gibbons - West Coast Junkie “West Coast Junkie” the new music video by Billy F Gibbons from his forthcoming album ‘Hardware’, available on June 4th on Concord Records. Pre-order ‘Hardware’: found.eeGet signed and exclusive bundles: found.ee Directed by: Harry ReeseProduced by: Matt Sorum Listen ...
Thanos
2 weeks, 4 days ago
Views: 2,635 • Comments: 0 • Rating: 2
Tweets: 4 •