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Thread: As Corporate Profits Soar, Workers are Making Less!

  1. #181
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by xpiher View Post
    Capitalism demands people/society to have a moral backbone. The evil maximum is pursing profit at the cost of everything else. That has become the most esteemed value in our society, and its lead to many of its ills. Go re-read The Wealth of Nations.
    Interesting Libertarian perspective again

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by CriticalThought View Post
    What are you talking about? Reread the graph. When unemployment goes up, labor share goes up. Only in the last two years has that changed.
    brother, those are your graphs - and every single time they show labor share falling in a recession. which is what we should expect.

    "High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns," Ohanian said. "As we've seen in the past several years, salaries and prices fall when unemployment is high.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by xpiher View Post
    No, that is the way it actually works. Rich person gets more money sends/invest/gives workers higher wages, that spent/invested money increases demand, demand increase job, more jobs means more more demand of most goods, etc... This only works if the money flows down eventually, instead of circulating at the top. If the section with the most money don't do anything with it, trickle down ever happens. Right now, the section with most money is the top 10% and they aren't spending.
    why aren't they spending? Because of the mixed signals they get from the current regime

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by TurtleDude View Post
    why aren't they spending? Because of the mixed signals they get from the current regime
    Actually, its their own role in their own self fulfilling prophecy. We used to have patriotic Americans even on the right... people who did what was best for America. Now the far right thinks only of itself and is more than willing to partake in economic treason as part of their own agenda of greed and self interest. Very sad indeed.
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by haymarket View Post
    Actually, its their own role in their own self fulfilling prophecy. We used to have patriotic Americans even on the right... people who did what was best for America. Now the far right thinks only of itself and is more than willing to partake in economic treason as part of their own agenda of greed and self interest. Very sad indeed.


    Socialist left speak--if you oppose the soak the rich scheme filthy rich dems use to buy wealth and power you are "treasonous"

    in other words-Oppose massive tax hikes that only cause more and more out of control government you are "against America"

    of course all those dem voters who are drags on the system and vote for more and more dependency and sloth-those slackers and parasites are PATRIOTS. Expanding the nanny state is their definition of how to make America Greater!!!

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by TurtleDude View Post
    Socialist left speak--if you oppose the soak the rich scheme filthy rich dems use to buy wealth and power you are "treasonous"

    in other words-Oppose massive tax hikes that only cause more and more out of control government you are "against America"
    I have no idea how anyone with even one foot in the real world can talk irrationally about "massive tax hikes" at a time when taxes on the rich are at a lower point than every in modern American history. Its like the real world is here and some folks seem to inhabit their own artificial reality which has no place in the real USA.
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by haymarket View Post
    Actually, its their own role in their own self fulfilling prophecy. We used to have patriotic Americans even on the right... people who did what was best for America. Now the far right thinks only of itself and is more than willing to partake in economic treason as part of their own agenda of greed and self interest. Very sad indeed.
    People are more frugal with their money, in the middle of a depression, to avoid bankruptcy, because of overregulation by the government and they're committing treason?



  8. #188
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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by haymarket View Post
    I have no idea how anyone with even one foot in the real world can talk irrationally about "massive tax hikes" at a time when taxes on the rich are at a lower point than every in modern American history. Its like the real world is here and some folks seem to inhabit their own artificial reality which has no place in the real USA.
    What was yourt ax bill for 2010?

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    Re: As Corporate Profits Soar, Workers are Making Less!

    I maybe mistaken but it seemed the author of this thread was surprised with this information. I do not know why people still side with Capitalism after reading story after story of people getting screwed over by the people with more money. As I have stated in the past, Capitalism breeds people that are addicted to money and power, and they will stop at nothing to achieve their fix. Rules and regulations are a waste of money and time, because eventually the addict will go around the rules to get what they need.

    I really think most people are clinically insane when it comes to this topic. They keep the same reasoning in their heads, expecting a different outcome each time. As long as there are financial incentives, people are going to continue to screw one another over, breeding the ideal that you have to look out for yourself.

    What information do you have to see in order to change your mind? Or do you blindly pledge to an ideal that is responsible for the god awful state that we are in now?

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by cpwill View Post
    "fair" is determined by the market - the aggregate decision of every member of the involved industry, from producer to consumer.
    That's a nice simple statement, and I understand that. But the market isn't a formula. And it has nothing to do with fair. It often has to do with advantage. If business management hold the advantage, they can lower wages and have higher profit without anything being fair. This is why workers need a voice as much as business. Balance between the two is good for all. Imbalance means someone likely gets the raw end of any deal.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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