Search results

To illustrate the problem with using household income a little better. During the Clinton terms, the number of women in the work force increase by almost 9%. While during the Bush terms, the number of women in the work force increased by only 4.5%.

I can't believe I'm gonna even remotely defend the economics during the Bush terms, but your source has done what all people do when they have an agenda they are trying to push. Misrepresenting the worst piece of data they can find, and implying that it was typical of the entire period. In...

So yes, according to the median income numbers, the gap between the rich and the poor is getting larger. But one thing to consider is that the numbers don't factor in all the workers on payroll in foreign countries. They make up less than 5% of all jobs, but that is still worth noting, as the...

Thought about it a bit more and population growth makes up for the disparity between income growth and GDP growth. Turns out that the job market has been growing at a much faster than expected rate, given that more women are entering the work force. So the job market is actually growing...

Yeah, real incomes have averaged about 1% growth annually since the mid 70's. I pulled the actual census data. But I do believe that real GDP growth outpaced that. {edit} yep just pulled the real GDP growth at almost 3% annually

I agree, that is why I don't simply hand over money to them.

I don't have a problem with creating very strong incentives for the wealthy to do their own redistribution. But the poor should be informed that limiting the income of the rich usually results in a lower quality life for the poor. If they are ok with that (essentially cutting off their nose...

Well, most of the examples of hyperinflation that I could dig up were caused by one of two things. 1) Civil war or losing a war 2) Socialism And the fix was always one of two things 1) Free market capitalism 2) Pegging a currency to that of a capitalist nation.

Well, by stop globalization I really was suggesting tough restrictions. Things like high tariffs, boycotts, etc. I think the stupidity of that is obvious. As far as option 3 goes. That is really the debate between the Keynesians and Laize Faire guys. Is the fact that the poor become...

Well, in regards to whether the US has benefited from globalization, I think the answer is pretty obvious given the average lifestyle here. Also, the is somewhat of a consensus that the Hawley-Smoot tariff act sent us into the Great Depression, as the government tried to stop outsourcing back...

That is a good argument. The chart shows a definite break immediately after we ditched the gold standard. If I were to offer a comment right now it would be me just thinking aloud, and subsequently pretty disjointed. As to your other statement, I haven't forgotten the outsourced...

Real incomes should be flat over the long term, otherwise inflation is wacky. The average person shouldn't make more or less over time. Also, you should check some of your numbers. A huge chunk of our outsourced jobs are service sector. According to the latest data, we bring in more...

Low interest rates and low unemployment are both characteristics of expansionary phases in the business cycle. One doesn't necessarily cause the other. Besides, I'm talking about the fact that unemployment has averaged 5-6% for the last 100 years. Only spiking temporarily during significant...

Yes, but this current situation really has little to do with the long term implications of outsourcing. It has a lot more to do with a psychological shift toward Keynesianism that happens about every 40 years in the US.

I am in science and engineering. I'm an R&D engineer to be precise, for one of the nations largest companies. You are citing anecdotal evidence. I'm citing empirical evidence. The US has only relatively recently started outsourcing a higher number of jobs. Nevertheless, the unemployment...

Good questions. Your guess is as good as mine. I wasn't arguing that we are seeing green shoots. Rather that the only way to get out of a debt spiral is to quit leveraging. And the consequence of that is a severe contraction. That's just reality.

This is the only logical argument I've heard yet. Everything else is just political propaganda. Interestingly, the people spreading this political crap are the very people who constantly criticize our g-ment. Anyway logikos, Your point is well made. I don't agree that it must be that way...

Again, you make critical comments without providing any evidence to the contrary. Then, to add to it, you take things to the extreme by implying that since I think outsourcing a small number of low-skill jobs benefits us, then it must follow that outsourcing the highest paid jobs would then...

Because you are confusing the economic gain of a single outsourced job with the spending patterns of a nation. Outsourced jobs only make up about 2-3% of the total employment base. If 3% of your investment portfolio had a 20% ROI, while the other 97% was either break even or sitting on a...

according to the McKinsey Global Institute, "for every $1 outsourced, the economic gain to the United States as a whole is $1.12 to $1.14; whereas the country to which a job is outsourced gains just 33 cents." Sounds like the insourceers should be the ones complaining, but why aren't...