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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (65350)7/6/2006 9:54:21 AM
From: Moominoid  Read Replies (1) | Respond to of 110194
 
It is entirely possible for productivity increases to reduce median income while increasing mean income in a perfectly competitive economy. With wages int he lower 3 quartiles pr maybe lower 90% declining since 2000 after inflation this is what is currently happening.



To: GraceZ who wrote (65350)7/6/2006 10:49:10 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
The only way a society can get richer is to do more with less. You are trying to make the argument that doing more with less will make us poorer and history has disproven that argument repeatedly over centuries.

Nonsense
That is not what I am saying at all.
I am saying that globalization is going to continue to reduce wages and given the debt levels in this country by the masses, we can not take it, nor can rising asset prices bail us out.

Mish



To: GraceZ who wrote (65350)7/6/2006 12:17:43 PM
From: Wyätt Gwyön  Read Replies (3) | Respond to of 110194
 
The only way a society can get richer is to do more with less.

that was not the case the last century, nor this century. the world does "more with more". we use more and more resources, causing all kinds of problems.

eventually, this trend will probably result in billions of human deaths, the end of civilization as we know it, and the extinction of the majority of species on the planet.


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