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

To: i-node who wrote (858141)	5/18/2015 1:45:56 PM
From: bentway	Read Replies (3) \| Respond to of 1574070

>>But what you CANNOT do is require employers to hire people they don't need. At least not yet.<< Maybe the answer is tax policy. Reward companies that hire humans, and tax the hell out of companies that use robots/software in their place, to pay for the benefits for the unemployed.

To: i-node who wrote (858141)	5/18/2015 2:13:45 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 1574070

"capital expenditures on robotics correlate positively with productivity but extremely negatively with hourly compensation" That's nice, but Reich wasn't talking about the connection between capital expenditures and wages. He was talking about the disconnect "It is an economic reality that you guys consistently miss:" The reality that is missed is that wages haven't effectively risen in over 40 years, while productivity has. That's why the middle class is shrinking, while the rich are getting richer. America needs a raise. = The 1 Percent Have Gotten All The Income Gains From The Recovery