05-24-2018, 07:38 AM
(05-07-2018, 06:26 PM)pbrower2a Wrote: This establishes that if increases in real wages should be necessary for getting America out of an economic bind (such as an inchoate depression), then a solution that involves wage increases can work.
Consequences of stagnant wages include a high level of employee turnover, an in ordinate number of personal bankruptcies, the death of many retail businesses, and a low birth rate.
I am guessing that much of the increase in productivity results from technological advances -- but that suggests that scientists and engineers should be paid extraordinarily well... but they aren't.
Lowering the birth rate is not a good thing? Earth in the long term must become sustainable. Maintaining Agricultural Age birth rates with improvements in medicine and cut backs in war deaths is problematic.
I was a software engineer associated with the military industrial complex and paid quite well, than you, though not so much when compared to the capitalist class, the owners of the means of production. I would quite agree that resources and wealth should be distributed move evenly, that the few focus too much wealth and political influence on themselves. The economy is focused too much on the few.
I have heard from apologists for the few that liberals do not understand economics well. I am dubious about that. It is easy enough to see that the few are gathering too much wealth and power, that the economy should be inclusive. The rules are being bent to encourage this. Ending the robbery, however, involves the center of the country working with the coasts. This seems difficult, and leaves the few in charge.
That this nation, under God, shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth.