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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (702982)	3/9/2013 4:29:10 PM
From: SilentZ	1 Recommendation Read Replies (1) \| Respond to of 1573086

>When people stop asking "Where's mine" and start asking how they can be more productive and more relevant in today's economy, that's when we'll see prosperity for everyone and not just the super-rich speculators. Did unemployment suddenly increase by like four points in a year in this country because people suddenly got lazy? There are major structural issues that have nothing to do with people asking "where's mine." In fact, none of our issues really have anything to do with that. -Z

To: Tenchusatsu who wrote (702982)	3/9/2013 7:21:18 PM
From: combjelly	Read Replies (1) \| Respond to of 1573086

We haven't had anything on the scale of WWII. So? Are you trying to claim that there is a threshold, below which we get growing disparity and then once we pass it we get wage compression? For that matter how did WWII cause wage compression? Or inflation? No one thought until then that inflation could occur in periods of economic stagflation. Not quite. The possibility of stagflation was raised in the early 1960s. Unfortunately in America, we've shifted toward a consumer-oriented economy. We've been a consumer driven economy for a long time. For the majority of the 20th century, at least. Besides, we still manufacture a lot in this country. Mostly high margin goods, but it is still there. And there is a trend to reshore production. As to consuming using things up, well that is why it is called consumption. The US economy is way too big to be export-driven. Just look at Germany. They have driven much the rest of Europe's manufacturing out of business. There just isn't much room for growth in the EU. When people stop asking "Where's mine" and start asking how they can be more productive and more relevant in today's economy, that's when we'll see prosperity for everyone and not just the super-rich speculators. You don't think most Americans are doing their best to be more productive and relevant? It doesn't help much when all of productivity increases go to the investment class. It was the sharing of productivity increases with workers that caused the middle class to thrive, when we stopped doing that in the 1970s and 1980s, the middle class took a downward trajectory. That has to change.