America Has More Low-Paying Jobs Than Any Other Developed Country

[Matt1970]

Consumers prefer foreign made, because they're greedy and can buy twice the stuff they could if they bought American. We need our iPhone 6 goddammit! Get those Chinese factories rolling!

Is a consumer who can consume twice as much an less greedy than the CEO who doubles his pay? They both get twice as much.

The rich are going to get rich no matter what. It's the consumer that evaporated demand for American made products.

 

[StinkyPinky]

I wonder how much an iphone 6 would cost if it was fully made in the US.

 

[Engineer]

The rich are going to get rich no matter what. It's the consumer that evaporated demand for American made products.

the rich will quit getting rich when they run out of consumers. At some point, they will abandon the US completely and concentrate on rising economies elsewhere...at least ones that have a growing consumer instead of a declining one like the US.

 

[Jhhnn]

Not really. That shows percent income decreasing but has nothing to do with percent of low wage jobs. While one tends to follow the other there is no guarantee of a direct link with the data provided. Given that it specifies the bottom 50% that leaves a lot of potential room for changes outside the 25% low wage jobs. The data is further complicated because while the low wage job percentage has dropped there is no perceivable change in the bottom 50%. If these were more accurately linked you would expect to see a notable change during periods where the percent low wage jobs decreased. Instead there is a steady decrease (aside form 90-91) despite a couple of multi-year trends where the percentage of low wage jobs has decreased

You're not quite getting it. Median income as a share of national income is now lower, as is the share of the 25% immediately above. What that means is that wages across the lower 75% are depressed as compared to 30-35 years ago. All those jobs, particularly low paying jobs, today have considerably less cash purchasing power than back then, particularly when it comes to real assets. Conversion of income to wealth is greatly hindered.

Where did that share of income go? To the tippy-top. What happens if that trend is allowed to continue another 30 because our "values" demand it?

 

[Matt1970]

the rich will quit getting rich when they run out of consumers. At some point, they will abandon the US completely and concentrate on rising economies elsewhere...at least ones that have a growing consumer instead of a declining one like the US.

That or they will just keep getting rich feeding us the foreign crap we cannot live without.

 

[Jhhnn]

Consumers prefer foreign made, because they're greedy and can buy twice the stuff they could if they bought American. We need our iPhone 6 goddammit! Get those Chinese factories rolling!

Is a consumer who can consume twice as much an less greedy than the CEO who doubles his pay? They both get twice as much.

Nice dodge. For the financial elite, it's not about money in the same terms we think of money. I say that because they have achieved lifestyle saturation. They have the best of whatever they want even if they're losing money.

It's about Power, quite literally the power to run other people's lives, to shape society. At some point, it's incompatible with egalitarian democracy.

 

[Matt1970]

Nice dodge. For the financial elite, it's not about money in the same terms we think of money. I say that because they have achieved lifestyle saturation. They have the best of whatever they want even if they're losing money.

It's about Power, quite literally the power to run other people's lives, to shape society. At some point, it's incompatible with egalitarian democracy.

I think it's hilarious that you actually take that shit seriously.

 

[Jhhnn]

I think it's hilarious that you actually take that shit seriously.

And I think it's sad that you really don't understand how that power is used to shape what you believe & the world as we know it. Or don't know it, as you demonstrate rather handily.

Our financial elite intends to Rule, if they don't already, and they don't intend to leave much for the rest of us. They corrode the foundation of egalitarian democracy in the process.

 

[Matt1970]

And I think it's sad that you really don't understand how that power is used to shape what you believe & the world as we know it. Or don't know it, as you demonstrate rather handily.

Our financial elite intends to Rule, if they don't already, and they don't intend to leave much for the rest of us. They corrode the foundation of egalitarian democracy in the process.

Oh bullshit. How many in the 1% do you know? I know plenty and they are just like everyone else. Yes, they want to make more money, it's what they are good at and regardless of what you have been fed by whatever source you seem to regurgitate it IS good for the economy, but they are not trying to run everyone's lives. There are those who want to be in power but they tend to be politicians.

 

[Engineer]

That or they will just keep getting rich feeding us the foreign crap we cannot live without.

You missed the point that they will run out of consumers because of lack of money to the bottom 90%.

 

[Engineer]

Oh bullshit. How many in the 1% do you know? I know plenty and they are just like everyone else. Yes, they want to make more money, it's what they are good at and regardless of what you have been fed by whatever source you seem to regurgitate it IS good for the economy, but they are not trying to run everyone's lives. There are those who want to be in power but they tend to be politicians.

Here's a hint...it's not the 1%'ers that he's talking about. It's the .001%'ers and they are absolutely running the show and pulling all the strings. EVERY law has their fingerprints all over it.

 

[Zorkorist]

Once money is fake, and it is fake, today, as we have debt we cannot ever repay, then it is no longer a useful arbiter of value.

What's being discussed here is not related to wages, but rather a snapshot of a political time.

-John

 

[Matt1970]

Here's a hint...it's not the 1%'ers that he's talking about. It's the .001%'ers and they are absolutely running the show and pulling all the strings. EVERY law has their fingerprints all over it.

Well then cite me what law they enacted that effect my life in any significant way?

 

[Matt1970]

You missed the point that they will run out of consumers because of lack of money to the bottom 90%.

That's because the bottom 90% have no reservations buying crap that sends a good portion of the money overseas. You do realize right before the economy crashed we had a $700 Billion trade deficit? The top 10% are gone to make money where they can. If people have made it so setting up shop and building stuff in America is no longer profitable, guess where they will turn?

 

[Zorkorist]

Well then cite me what law they enacted that effect my life in any significant way?

It's pretty obvious that Engineer is in College now, and being introduced to the "Power Elite."

AKA, Political Science 101

-John

 

[Engineer]

That's because the bottom 90% have no reservations buying crap that sends a good portion of the money overseas. You do realize right before the economy crashed we had a $700 Billion trade deficit? The top 10% are gone to make money where they can. If people have made it so setting up shop and building stuff in America is no longer profitable, guess where they will turn?

I think you're preaching to the wrong person.

 

[Engineer]

It's pretty obvious that Engineer is in College now, and being introduced to the "Power Elite."

AKA, Political Science 101

-John

Engineer is more than 20 years removed from college.

 

[Engineer]

Well then cite me what law they enacted that effect my life in any significant way?

You honestly believe that many of the laws of this country aren't a result of severe lobbying efforts by those that have the money and influence? Really? You don't think the trade agreements were designed and pushed by those at the top? The FCC gutting of regulations and rules FORCING local monopolies on internet services has no effect on you at all? You don't think all of these pork projects effects you via your taxation rates (at all levels)?

Just because you aren't being held in prison doesn't mean that the laws don't effect you and your pocket book.

 

[Zorkorist]

You seem to believe that a "Power Elite" are controlling Government. (And I think you hate Corporations too?)

It's not a Power Elite, it is simply Government. That's all they need to take our money and spend it any which of way they want too.

Once you have a Police Force. Once you have an Army. You pretty much do whatever the fuck you like.

Government (or Religion)

Our Constitution and the Bill of Rights were supposed to protect us. But they have failed.

-John

 

[ivwshane]

Matt and his tired ass talking point that the consumers are to blame for outsourcing, despite the fact that wages have been static for decades, despite the fact that productivity has risen over that same time, despite the fact that taxes on businesses have dropped over that same time. He blames the consumer despite his own hypocritical ass admitting that he can only buy foreign made products to fix his US based customers electronic product problems.

Yep Matt! You are right! It's those damn US consumers who are the issue and their cheap ass ways!

Go fuck yourself

 

[ivwshane]

You seem to believe that a "Power Elite" are controlling Government. (And I think you hate Corporations too?)

It's not a Power Elite, it is simply Government. That's all they need to take our money and spend it any which of way they want too.

Once you have a Police Force. Once you have an Army. You pretty much do whatever the fuck you like.

Government (or Religion)

Our Constitution and the Bill of Rights were supposed to protect us. But they have failed.

-John

The government that makes the laws are elected, their campaigns are financed by the financial elite, you fucking moron!

 

[MongGrel]

It's pretty obvious that Engineer is in College now, and being introduced to the "Power Elite."

AKA, Political Science 101

-John

It's pretty obvious you have no clue.

 

[MongGrel]

That's because the bottom 90% have no reservations buying crap that sends a good portion of the money overseas. You do realize right before the economy crashed we had a $700 Billion trade deficit? The top 10% are gone to make money where they can. If people have made it so setting up shop and building stuff in America is no longer profitable, guess where they will turn?

You, I just cannot respond to with your silly ideas cemented into you're brain really to begin with.

 

[Zorkorist]

That's called a Democracy, ashamed.

Meanwhile, the adults are talking about freedom.

Would you like me to send you a link to a Political Science 101 class?

We used to call it Civics.

-John

 

[Matt1970]

It's pretty obvious that Engineer is in College now, and being introduced to the "Power Elite."

AKA, Political Science 101

-John

No, Engineer and I are almost on the same page, he's just a little more left than me. It's only the extremes that think all the blame lies squarely on the shoulders of one side or the other, the consumer vs. the 1%. He, like myself are old enough to have watched it unfold before out very eyes. To see the USA and foreign stuff sitting on shelves in stores side by side and see the foreign stuff be much cheaper and in the end win out. And also see the underhanded things businesses have done. Lets not also forget the blame our free trade agreements with countries that absolutely decimate the environment, have horrid work conditions and pay they labor less that $1/hr.