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Thread: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

  1. #111
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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Goldenboy219 View Post
    Now you are flip flopping on your premise. What does federal debt have to do with "producing what you buy"?
    Explain the flip flop. That you do not understand how we have propped up our standard of living for four decades, while also sending more of our dollars overseas by purchasing goods made there, is a problem with your current level of education. PayPal me $100, and I will give you a one-hour internet lesson on the relationship between productivity and standard of living.

    Personal attack noted.
    Then don't start calling folks incoherent. Hey, if you can't take it, don't dish it.


    Do you have any evidence that suggests that productivity in the United States is in any way stagnant, let alone NOT of the highest in the entire world?
    Tomorrow, go to our #1 retailer. WalMart. Start looking at "made in" labels. Then Target. Then Home Depot. Etc. Then look to see if we have a trade deficit still. Then try to figure out how we maintain our standard of living being a country of pizza delivery folks. (exageration, but maybe it will help you)

    Incoherent rants are of no interest to me.
    Then boredom follows you like the plague.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Productivity stagnant? I don't think so.


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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    Productivity stagnant? I don't think so.

    Link please? I'd like to know how they measure productivity and why it increased dramatically during the financial crisis.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Rhapsody1447 View Post
    Link please? I'd like to know how they measure productivity and why it increased dramatically during the financial crisis.
    The data surce is noted on the graph.

    U.S. Wages Aren't Keeping Up With U.S. Productivity, EPI Says

    http://epi.3cdn.net/3b7a1c34747d141327_4dm6bx8ni.pdf
    Last edited by AdamT; 01-07-12 at 12:43 AM.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    Productivity stagnant? I don't think so.
    No, of course not. Trade deficits in the tens of billions every month. Products all through your house, and mine, made outside the USA, with our money paying those foreign wages when we made the purchase. 11.4% non-fudged unemployment. Tax intake down under 16% of GDP because so many folks are producing nothing, and consequently have no income on which to pay taxes. $16 trillion in debt, and it will be over $20 T in no time.

    Yeah, we are surging with productivity. Kicking butt.

    No go out and try to buy something made in America besides pizza.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Eighty Deuce View Post
    No, of course not. Trade deficits in the tens of billions every month. Products all through your house, and mine, made outside the USA, with our money paying those foreign wages when we made the purchase. 11.4% non-fudged unemployment. Tax intake down under 16% of GDP because so many folks are producing nothing, and consequently have no income on which to pay taxes. $16 trillion in debt, and it will be over $20 T in no time.

    Yeah, we are surging with productivity. Kicking butt.

    No go out and try to buy something made in America besides pizza.
    In economics, productivity has a specific definition which you seem to be unaware of. I agree that it's a problem being a net import economy, but using terminology incorrectly does not clarify your argument.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by AdamT View Post
    In economics, productivity has a specific definition which you seem to be unaware of. I agree that it's a problem being a net import economy, but using terminology incorrectly does not clarify your argument.
    Go tell it to your unemployed neighbor.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Eighty Deuce View Post
    Go tell it to your unemployed neighbor.
    I don't have any unemployed neighbors, but if I did I would hope that they had at least a highschoolers understanding of economics.

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    I went to EPI's website before you posted the link and was quite amused by the site's design. I read the report anyway though and nowhere in the paper do they cite their productivity figure, the only reference of the paper that wasn't an EPI book was a dead link. I've searched BLS's website and can't unearth the figure. I'm very curious the type of productivity measure that would skyrocket during the recessions of 2008, 2001, and 1991.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Payrolls Gain More-Than-Expected 200,000; Jobless Rate Falls to 8.5%

    Quote Originally Posted by Rhapsody1447 View Post
    I went to EPI's website before you posted the link and was quite amused by the site's design. I read the report anyway though and nowhere in the paper do they cite their productivity figure, the only reference of the paper that wasn't an EPI book was a dead link. I've searched BLS's website and can't unearth the figure. I'm very curious the type of productivity measure that would skyrocket during the recessions of 2008, 2001, and 1991.
    Here's the BLS data:


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