Worker Productivity Jumps Sharply

Duhla, please tell me you to think increased productivity is bad for the economy. I need a chuckle
 
"Meanwhile, a large section of the workforce - the unemployed or those not seeking work - have not benefited from economic growth. "

"Unemployment has remained stubbornly high despite the economic recovery, with the latest figure at 4.7% compared to 4% at the end of 2000. "

"From 1992 to 2005, the pay of chief executive officers of major companies rose by 186%.

The equivalent figure for median hourly wages was 7.2%, leaving the ratio of CEOs' pay to that of the average worker at 262.

In the 1960s, the comparable figure was 24. "

From Cypress' article that you posted Lady T.

The ignorance of the above should tarnish the authors "expertise" on economics.


Lets think about the SF.

For the last 6 years, around 70%, give or take, of the american people have been dissastisfied with the economy. That's one of the worst, and longest, economic funks in recent history. People are nervous, and don't like this economy.

What would explain that? Why would enormous majorities of people for years on end, be so pessimistic about the bush economy?

Is it possible that my thesis is correct? That income and wages have stagnated, compensation benefits have been reduced, pensions are under assualt, and people are settling for lower paying jobs in many cases?

Or, is is just that they're not seeing all the "good news" that you are able to divine in the tea leaves of economic data?

Which sounds more reasonable to you? :confused:
 
"Meanwhile, a large section of the workforce - the unemployed or those not seeking work - have not benefited from economic growth. "

"Unemployment has remained stubbornly high despite the economic recovery, with the latest figure at 4.7% compared to 4% at the end of 2000. "

"From 1992 to 2005, the pay of chief executive officers of major companies rose by 186%.

The equivalent figure for median hourly wages was 7.2%, leaving the ratio of CEOs' pay to that of the average worker at 262.

In the 1960s, the comparable figure was 24. "

From Cypress' article that you posted Lady T.

The ignorance of the above should tarnish the authors "expertise" on economics.


skewered!!!!!!!!!!!
 
Lets think about the SF.

For the last 6 years, around 70%, give or take, of the american people have been dissastisfied with the economy. That's one of the worst, and longest, economic funks in recent history. People are nervous, and don't like this economy.

What would explain that? Why would enormous majorities of people for years on end, be so pessimistic about the bush economy?

Is it possible that my thesis is correct? That income and wages have stagnated, compensation benefits have been reduced, pensions are under assualt, and people are settling for lower paying jobs in many cases?

Or, is is just that they're not seeing all the "good news" that you are able to divine in the tea leaves of economic data?

Which sounds more reasonable to you? :confused:

For SF
 
your both right
but cypress you ignore the big picture
It's called globalization, wages for everyone but the top third have been slower to rise.
the investor class has riden the backs of the Chineese and Indians to prosperity.
Like it or not that is what's happening.
Hopefully the next dems pres will not sell out the American worker with new shit aggreements.
 

you are evil. I really do not want to see his idiotic strawmen. That is why I have him on ignore. Why do you want to violate my rights to ignore that idiot? Why do you insist upon sharing his ignorance with me? Why Why Why oh Why must you torture me so with his stupidity? :shock:
 
your both right
but cypress you ignore the big picture
It's called globalization, wages for everyone but the top third have been slower to rise.
the investor class has riden the backs of the Chineese and Indians to prosperity.
Like it or not that is what's happening.
Hopefully the next dems pres will not sell out the American worker with new shit aggreements.


See SF? Even top gets it.

The nasty effect of globalization that you "free" traders hoisted onto us, has basically contributed to economic stagnation for working class americans. Although, I'll give you that the upper quartile have done pretty well. Its the bottom 75% I'm worried about.
 
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Cypress, I'm totally against those types of agreements. Chinees working for $2 day instead of our guys at $200
But, don't hate the playa hate the game.
 
Cypress, I'm totally against those types of agreements. Chinees working for $2 day instead of our guys at $200
But, don't hate the playa hate the game.

Good work topper! We can all agree (with me!), that the effect of globalization, and things like Lame ass NAFTA, have contributed to the stagnation of working class americans.

I appreciate it. See SF? We CAN discuss this (and admit that I'm right), without storming off in a huff, yelling a few choice curse words, and scream that you're putting someone on IA.


:cof1:
 
See SF? Even top gets it.

The nasty effect of globalization that you "free" traders hoisted onto us, has basically contributed to economic stagnation for working class americans. Although, I'll give you that the upper quartile have done pretty well. Its the bottom 75% I'm worried about.

Free trade's the only thing keeping the working class from having no purchasing power.
 
look you'll get a democratic administratin almost asuredly, power usually changes after a two termer and especially after an unpopular one.
The market WILL do better as usual under the dems. Why? Because a rising tide lifts all boats; we've had a rising tide for the country club boats only for the last 6yrs and thats plain not fair.
Will the next Pres have to kill all things free trade?
Of course not, but each new agreement will be better for the American worker.
A side benefit will be the romoval of the police state feel the Bush Ghestapo guy's have us living under.
 
No, because the productivity increase in worker hours could also be due to technological improvements.

Bottom line, the Wilshire 5000 & the Dow Transports are teetering on the edge of technical breakdowns today. The dollar is continuing to weaken. Energy prices remain high. The worst of sub-prime has yet to hit. The politicians should be paying the other party to take the White House in 2008. Because regardless of the outcome, the "winner" will not likely be re-elected in 2012.


Ohhh I agree with that Rudy or Hillary will be blamed for not fixing the woe to come.
 
look you'll get a democratic administratin almost asuredly, power usually changes after a two termer and especially after an unpopular one.
The market WILL do better as usual under the dems. Why? Because a rising tide lifts all boats; we've had a rising tide for the country club boats only for the last 6yrs and thats plain not fair.
Will the next Pres have to kill all things free trade?
Of course not, but each new agreement will be better for the American worker.
A side benefit will be the romoval of the police state feel the Bush Ghestapo guy's have us living under.

I don't disagree. No one is talking about killing trade. Anti-NAFTA candidates are talking about fixing UNFAIR trade. Which, I appreciate that you fundamentally seem to recognize.

btw: Thanks for not IA'ing me for laying out the facts and the consequences of unfair trade, and the stagnation of working class americans. Some people IA me for doing that! :cof1:
 
I don't disagree. No one is talking about killing trade. Anti-NAFTA candidates are talking about fixing UNFAIR trade. Which, I appreciate that you fundamentally seem to recognize.

btw: Thanks for not IA'ing me for laying out the facts and the consequences of unfair trade, and the stagnation of working class americans. Some people IA me for doing that! :cof1:

Really? Like who?:D
 
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