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As Corporate Profits Soar, Workers are Making Less!

It's wages/salaries...meaning your take-home pay plus everything payable and withheld (income taxes, money paid to social insurance, etc.).
 
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neither is anything else - "fair" is subjective. you could say a formula was "fair", but you would be pulling it out of the sky.

Yes, the word fair is subjective, but reasonable human beings have smoe sense of what is fair, and can be expected while protecting thier best interests to seek ways to be fair, and not just greedy. If the labor is largely on one side, and the vast majority of the profits going o the other, it is not reasonable to call that fair. A balance between labor in capital is always best, with both feeling they are benefitted properly.

actually price on the market has to do with the aggregate decision of all producers, sellers, and consumers. the price on the market represents what the people as a whole consider to be "fair".

Only in the theoretical world. Reality is that some times imbalances take place, and he consumer is unhappy with the price, with some opting to go without, and the workers aren ot happy with compensation, but the owners make large profit. Unions have shown it can go the other way as well, which is just the flip side of the same coin. Those who worship the "market" often have a romanticized view that has more to do with ideology than with truth.

But that is really another discussion. Here, what we're talking about is that business is doing well, btu not trickling down.

if labor is not worth it's current wages, then that is the situation that isn't fair. if labor is worth more than it's current wages, then it can get those higher wages elsewhere, which is fair. if a business under pays it's employees, then its' competition will thus be able to destroy it as they will have all the quality people, and that, too, is fair.

This would only be true if business were truely competitive like this. When was the last time you saw a gas war, for example. Instead, we've changed oour approach, and instead of working with competition here, our companies bail and go to places where they don't have to pay much of a wage at all. This may make their profits unreal, but betrays many who worked hard for their profits in the past. It has nothing to do with our market.


workers have just as much a voice as the business already. mutually beneficial trade requires at least two actors.

I'm saddened that you believe that. Perhaps one day your life experience will catch up with you to know how untrue that is. It is as wrong as the thought that only the most qualified get the job. The fact is business has a natural advantage, especially during hard times.
 
the big picture is---there's nothing any of you are gonna be able to do to stop it

the wave of austerity, from athens to sacto, it's inexorable

it's higher than a house in deep blue NEW YORK, as tall as el capitan in CALIFORNIA

it's downing DETROIT, it's draconian

it killed collective bargaining in MASSACHUSETTS

and it's all thru ILLINOIS, barack the slasher's own home town

today:

The average Chicago household now owes a staggering $63,525 to cover local government debt, according to Cook County Treasurer Maria Pappas.

Suburbanites are deeply in the red, too, with the average household owing $32,901, according to the treasurer.

Among the biggest reasons: $25 billion in unfunded pension liability.

In comments after an appearance Tuesday before The Civic Federation, a watchdog group that has released somewhat similar numbers in recent years, Ms. Pappas said she was "stunned" to learn that county taxpayers on the whole owe more than $108 billion toward local debt.

The figures were derived from a recently passed debt disclosure law. Ms. Pappas said the numbers have never before been compiled in this fashion.

"This goes well beyond big cities," she said. "These fiscal problems permeate townships, villages, school districts, park districts, fire protection districts and more, and the taxpayers are on the hook."

Overall, she said, municipalities have $61 billion in debt. And educational districts, $20 billion. Cook County owes $18 billion and various sanitary districts collectively owe $4.4 billion.

In some ways the problem is actually worse than it appears. Ms. Pappas' report does not include totals from 55 of the county's 553 local units of government, which failed to report their debt figures to her.

State lawmakers last year adopted changes that will reduce pension liabilities over time, but only for new employees. A bill that would reduce benefits or increase payments for current workers failed to pass in the spring legislative session but may come up this fall.

Cook's unfunded pension gap at $108 billion, Pappas 'stunned' to learn | Greg Hinz | Blogs | Crain's Chicago Business

if that's what's going on in dem districts, it goes without saying what kasich and snyder and walker and corbett are putting down

a hundred and eight billion---just WHO are you gonna tax IN CHICAGO to get that kinda money

no, austerity is irresistable

it's math, you took math, right?

watch rahm
 
Did you already forget the "Walmart Shoppers are running out of money" thread?

I'm going to write a letter to Walmart, and ask them to make sure dog food price remain low.
 
Oh my god...ANOTHER one of these threads?

Here...

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and here...

COMPRMS_Max_630_378.png



CAN WE ALL GO HOME NOW?

Wait a minute! The slopes on those curves are positive. :prof
 
You and I disagree.

Not everything the EPA does may be constitutional (I can't say for certain because I don't have all the info); however, its very existence was made necessary by the courts during the mid to late 1800s when they said some pollution is the cost of progress. Some sort of agency has to determine what some is, and it has to be a non-biased objective agency. The prince mechanism that capitalism usually rallies on cannot be used in this case because people can buy results.
 
Not everything the EPA does may be constitutional (I can't say for certain because I don't have all the info); however, its very existence was made necessary by the courts during the mid to late 1800s when they said some pollution is the cost of progress. Some sort of agency has to determine what some is, and it has to be a non-biased objective agency. The prince mechanism that capitalism usually rallies on cannot be used in this case because people can buy results.
The Courts cannot make something that is not enumerated in the Constitution magically okay. We have an amendment process for changing it.

And if the issue is pollution then why can some bureaucrat tell me how much water I can use when I flush my toilet?
 
And if the issue is pollution then why can some bureaucrat tell me how much water I can use when I flush my toilet?

Because water supplies during drought conditions fresh water runs low. But that's not the EPA, that's likely your local government.
 
Because water supplies during drought conditions fresh water runs low. But that's not the EPA, that's likely your local government.
Really, Do you actually believe someone in my town decided that the only toilet I can buy can use no more than 1.6 gallons per flush? And perhaps, just as a mysterious coincidence, so did every single other town in the USA? Awesome!
 
Really, Do you actually believe someone in my town decided that the only toilet I can buy can use no more than 1.6 gallons per flush? And perhaps, just as a mysterious coincidence, so did every single other town in the USA? Awesome!

I thought you were talking about low flow toilets.
 
I thought you were talking about low flow toilets.

I was. They are the only kind available now. And light bulbs are next. This is tyranny.

the National Energy Policy Act (H.R. 776) went into effect and mandated 1.6 toilets for the entire U.S.
Our government at work. Saving us from ourselves...
 
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I was. They are the only kind available now. And light bulbs are next. This is tyranny.


Our government at work. Saving us from ourselves...


I bet N Korea will let you use any kind of toilet you want:lamo
 
I was. They are the only kind available now. And light bulbs are next. This is tyranny.


Our government at work. Saving us from ourselves...

Thats one of your guys.
 
well the answer is clear, we don't manufacture anything here. Most US company has factories in china. so the company is doing well because of the cheap labor but the labor here in US earns less due to lack of investment. So one solution is to get higher education here. We have no factories and most of people here has to become businessman rather than factory worker. Look at germany, their higher educated population makes very high profit margin products. their economy is the few that does well in EU. we need to put more cash in education, that's the ticket for the future. when china's labor goes up, then it will be India. so it will be a long time before the cheap labors of the world runs out. so get a degree and avoid working in factories.
 
So you are going to revolt over toilets?
There is one approach to tyranny that says bring the water to a boils slowly. Once people realize they have lost their freedoms it will be too late for them to do anything about it. Is that what you are recommending?
 
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