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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
    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.
    You posted those graphs and you want to know their relevance?

    My comment did not come out of left field because I mentioned earlier how debt, in regard to how long it takes to work to pay off the annual tax, skews the entire stats. Are you disregarding the debt? Do you have any idea what to do about it, or to where it might lead?

    The thread is all about workers making less, and I contend that the problem lies with government and their reckless and irresponsible spending. Your graphs mean nothing unless that is taken into account, as well as annual deficits of over $1 trillion.

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

    Quote Originally Posted by CriticalThought View Post
    The graphs show a direct relationship between unemployment and labor share of national income for every recession but the last one.
    ah that clicks it into place - i was reading the titles differently.

    let's see:

    1950: unemployment goes up, labor share goes down
    1954: unemployment goes up, labor share goes down
    1958: unemployment goes up, labor share goes down
    1961: unemployment goes up, labor share spikes and then goes down
    1970: unemployment goes up, labor share goes down
    1974: unemployment goes up, labor share goes down
    1980: unemployment goes up, labor share goes down
    1982: unemployment goes up, labor share goes down
    1991: unemployment goes up, labor share goes down
    2001: unemployment goes up, labor share goes down
    2009: unemployment goes up, labor share goes down


    well, I sit corrected. those two charts are relevant. they seem to demonstrate that LesGovt was correct, and the price of labor falls as unemployment rises.

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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?
    A fair days work for a fair days pay.

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

    Quote Originally Posted by washunut View Post
    So if we use that formula for companies losing money, people get salary cuts. Also much of the profit for the largest corporations comes from overseas. Shouldn't we take into account the increase in standard of living throughout the world instead of just looking at the U.S.
    And that happens. If business is poor, people get fired and some do take cuts. It happens. Earlier there was talk about balance here in this thread. Business and labor need each other. Balance, farness is important.

    As for looking at the rest of the world, which can't really be avoided, I still don't think we want to down grade here too much. Our ambition shouldn't be to have workers working for third world wages.

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

    Quote Originally Posted by apdst View Post
    Why do you hate companies making a profit?
    That is a good question. Answer is, I want the corporations to take all the marbles home, and let you work for a cup a gruel. I mean whats wrong with that? Whats wrong with the company store and eliminating taxes, let you work for items on their shelf. Whats wrong with that? I think you should be paid with a can of beans. LOL!
    One Tin Soldier Walked Away..................

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

    Quote Originally Posted by shintao View Post
    That is a good question. Answer is, I want the corporations to take all the marbles home, and let you work for a cup a gruel. I mean whats wrong with that? Whats wrong with the company store and eliminating taxes, let you work for items on their shelf. Whats wrong with that? I think you should be paid with a can of beans. LOL!
    Scary thing is, the ideas you espouse on here, would leave in such a world, and you don't even realize it. Only it wouldn't be a "corporation" you'd be working for and suffering under, it'd be the Government.
    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!

    Quote Originally Posted by MrVicchio View Post
    It is a non-story. Businesses don't exist to make workers rich, welcome to reality.
    Actually some of them do depending on the structure of the business. Equity share managers in a small company exists to make that worker rich. Bested again Mr. V.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by Boo Radley View Post
    A fair days work for a fair days pay.
    What is a fair days pay?
    One Tin Soldier Walked Away..................

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

    Quote Originally Posted by tlmorg02 View Post
    The chart in the article is startling.
    More startling is the $2 trillion in cash sitting on corporate books doing basically nothing. This suggests supply isn't the problem.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by MrVicchio View Post
    Scary thing is, the ideas you espouse on here, would leave in such a world, and you don't even realize it. Only it wouldn't be a "corporation" you'd be working for and suffering under, it'd be the Government.
    LOL! You think a corporation owes you a favor? That they are your good buddy? That they are going to take care of you? Is that what you are trying to say here?

    You might think about WHO THE **** IS GOVERNMENT!!! Is this government working for you, or corporations? Are you in control, or is corporations. THINK!!!
    One Tin Soldier Walked Away..................

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