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

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

    Quote Originally Posted by CriticalThought View Post
    Oh here is another handy dandy graph. This time I'm including all federal taxes: individual income, payroll, corporate income, excise, etc.



    And state and local income tax burden.

    Tax Freedom Day in the UNited States is April 12, which is quite good compared with many other countries.

    But this is quite bad.

    U.S. National Debt Clock : Real Time

    The question is how long will Americans have to work to pay off the money they already owe, as well as the accumulating debt?

    I don't think they can. It seems they have pissed the American dream away.

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

    Quote Originally Posted by Critical Thought
    Only you could argue that the worker's share of the national income falling to a record low is a "non-story".

    I would. Why should I care that some are wealthy?
    Last edited by cpwill; 06-16-11 at 02:42 AM.

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

    Quote Originally Posted by LesGovt View Post
    The law of supply and demand is in play. When there are few jobs available and many people vying for those few jobs, income decreases. When we have full or near full employment, pay increases.
    I'm gonna give you a chance to look at these two graphs and to explain why you are wrong.





    I'll give you a hint. If the two variables are connected as you say they are the two graphs should....
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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

    Quote Originally Posted by CriticalThought View Post
    Only you could argue that the worker's share of the national income falling to a record low is a "non-story".
    It is a non-story. Businesses don't exist to make workers rich, welcome to reality.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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

    um. your two graphs above in no way respond to what he is saying - which is that labor exists on the supply/demand curve like everything else.

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

    Quote Originally Posted by CriticalThought View Post
    I'm gonna give you a chance to look at these two graphs and to explain why you are wrong.





    I'll give you a hint. If the two variables are connected as you say they are the two graphs should....


    How do you think America can pay off its debts? Will it ever see a balanced budget again?

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

    Quote Originally Posted by TurtleDude View Post
    If an owner can hire a full team of all stars at 1 million a player why should he pay more?
    Which was the strategy of WH and the Florida marlins in 2003/2007. Wait, they didn't have any all stars
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by Grant View Post
    How do you think America can pay off its debts? Will it ever see a balanced budget again?
    Exactly what does that have to do with the two graphs I just posted? Your comment came out of left field there buddy. I'll be happy to answer it, but I would like to know the relevance to those graphs.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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

    Quote Originally Posted by CriticalThought View Post
    Exactly what does that have to do with the two graphs I just posted?
    well, to be fair, his comment was about as relevant as you posting them in the first place.

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

    Quote Originally Posted by cpwill View Post
    well, to be fair, his comment was about as relevant as you posting them in the first place.
    Well that demonstrates how little you know.

    The graphs show a direct relationship between unemployment and labor share of national income for every recession but the last one. The last one is an indirect relationship. I'm guessing you can't possibly understand the significance of that at all.
    Last edited by CriticalThought; 06-16-11 at 02:56 AM.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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