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Thread: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

  1. #21
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by Deuce View Post
    What you see is a thirty year period where workforce trends upwards while wages trend downwards. If not for the intermittent recessions that crash wages along with workforce, you'd actually conclude that wages and workforce participation were inversely related.
    Well, you asked me to lop off the poll at 2000, so I misunderstood your intent. But if I go back as far as 1990, the past 23 years, what I described is absolutely correct. I will also note that in the late 1970s through much of the 1980s when we were all living though hyper inflationary times, increases in wages as a percentage of the economy far outstripped any increases in corporate profits during that time.

    The answers are not as simplistic as some would have them be - improvements in productivity have been very evident in the US economy in comparison to many other world economies, as an example - automation, as mentioned by another poster, also is an issue.

    We may disagree, however, that a business must share all its increases in profit with its employees directly. There may be other considerations, such as job security, benefits, ergonomic workplace improvements, etc.

  2. #22
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    You were happy with it during the Clinton years, weren't you?

    Quote Originally Posted by TheDemSocialist View Post
    Well saying our economic policy at large has not changed since the 1980's and we still hold down to the principle at large of trickle down economics.

  3. #23
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by JC Callender View Post
    You were happy with it during the Clinton years, weren't you?
    No i was 2-9 years old but after looking back it i would of not been happy either.


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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by JC Callender View Post
    You were happy with it during the Clinton years, weren't you?
    Not really.

  5. #25
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    What time and place would you be happy in?

    Quote Originally Posted by TheDemSocialist View Post
    No i was 2-9 years old but after looking back it i would of not been happy either.

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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by JC Callender View Post
    What time and place would you be happy in?
    Good evening, JC.

    That's an interesting question. Why don't you start a new thread, and leave it open to any time period in history, even back thousands of years. I'll bet it would be fun reading the responses!

  7. #27
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Hmmm.....maybe I will

    Quote Originally Posted by polgara View Post
    Good evening, JC.

    That's an interesting question. Why don't you start a new thread, and leave it open to any time period in history, even back thousands of years. I'll bet it would be fun reading the responses!

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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by JC Callender View Post
    Hmmm.....maybe I will
    Do it! Everyone has dreamed of living in different places in different time periods!

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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    Quote Originally Posted by polgara View Post
    Good evening, JC.

    That's an interesting question. Why don't you start a new thread, and leave it open to any time period in history, even back thousands of years. I'll bet it would be fun reading the responses!
    Could it be a world that we imagine ?................

  10. #30
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    Re: Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

    I just did, thanks P, good idea!

    Quote Originally Posted by polgara View Post
    Do it! Everyone has dreamed of living in different places in different time periods!

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