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Thread: Obama to business owners: "You didn't build that." [W:417]

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    Re: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by washunut View Post
    Interesting way to look at it. I always felt it was up to the company to decide what they thought was reasonable pay for a position and it was up to the person to decide if they thought that was their true value. If the two don't match there are choices to be made by both.
    To a point that is true. But the advantage shifts. It favors the employee when there are other places competiting. And it favors the business when there isn't. Largely it is good when one has too much of an advantage. But what I tried to point out is that the only way to bring them back is to seriously change how we live. We will have to resemble the countries they are out sourcing to. A friend of mind, a very conservative person, calls it the Mexicanaizing of America. Unless the pednulum shifts back toward the worker, we will see the standard of living shrink even more. I merely argue this isn't good for us as a country. I wish I had a magic solution to the problem. But we should not pretend that something like taxes or any simple solution will reverse the trend.

    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: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Harshaw View Post
    Well, there is that problem. But just because we wish it were otherwise, it doesn't mean that the labor market is where we think it should be. The days of high-wage manufacturing jobs appear to be over.



    And how do we do that?
    I have no idea. Help spread unions over there?

    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: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Boo Radley View Post
    I have no idea. Help spread unions over there?
    Why on Earth would they allow that?

    Look, the labor market is going to be where it is until they demand higher wages themselves. There isn't anything we can do about it.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Harshaw View Post
    Why on Earth would they allow that?

    Look, the labor market is going to be where it is until they demand higher wages themselves. There isn't anything we can do about it.
    Nothing is allowed. It is fought for.

    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: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Harshaw View Post
    Look, the labor market is going to be where it is until they demand higher wages themselves. There isn't anything we can do about it.
    Maybe not, I'm really not arguing there is. Read what I wrote carefully. Here I merely tried to answer you.

    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: Obama to business owners: "You didn't build that." [W:417]

    Wages are already rising rapidly over there. But there is a LONG way to go before catch up.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... 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."

    -- Adam Smith

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    Re: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Boo Radley View Post
    Maybe not, I'm really not arguing there is. Read what I wrote carefully. Here I merely tried to answer you.
    You wrote:

    Quote Originally Posted by Boo Radley View Post
    A better bet would be to have their salaries raise, or at least put our efforts there.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Harshaw View Post
    You wrote:
    I said it would be a better bet. Not that we could or should do it. There are words before it. I was setting up a comparison, to show that what was before it was too viable. I think it is important to read all the words together.

    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: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Boo Radley View Post
    I said it would be a better bet. Not that we could or should do it. There are words before it. I was setting up a comparison, to show that what was before it was too viable. I think it is important to read all the words together.
    Yes, a "better bet," implying there's something we could do to that effect. Otherwise, it's not a better bet. It's a waste of time.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Obama to business owners: "You didn't build that." [W:417]

    Quote Originally Posted by Harshaw View Post
    Yes, a "better bet," implying there's something we could do to that effect. Otherwise, it's not a better bet. It's a waste of time.
    No, implying that the idea it was better than wasn't a very effective idea. Again, all words should be read together.

    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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