Why elections matter, in one graph

[hermit]

Quote from Lucrum:

http://www.miseryindex.us/indexbypresident.asp

The above graph doesn't show net change?
The net change is what I was commenting on.

I wanted to illustrated yearly changes, which wasn't present in the first image I posted.

 

[Ricter]

Quote from Hello:

The capitalist in me forces me to reword that into "incentivising insourcing"

Lol, nice corpspeak. Come, let me show you to your cubicle. ; )

The rising landed-cost of our imports is to some extent doing this, but that is a slow, slow process.

 

[Hello]

The dipshit who made this chart is an idiot, i agree with what is happening in the public sector, but they have average wages in the private sector at 60k a year right now, that is total horseshit, it is more like 30. Regardless the discrepancy starting from the 80's is whats killing us.

Quote from hermit:

Here is the chart.

http://www.cato.org/pubs/journal/cj30n1/cj30n1-5.pdf

There is a reason why private sector wages have stagnated or declined because of things like this - “They threw out far more workers and hours than they lost output,” said Professor Sum. “Here’s what happened: At the end of the fourth quarter in 2008, you see corporate profits begin to really take off, and they grow by the time you get to the first quarter of 2010 by $572 billion. And over that same time period, wage and salary payments go down by $122 billion.”

http://www.nytimes.com/2010/07/31/opinion/31herbert.html?_r=2

The increase in govt wages is perhaps due to their lack of incentive to squeeze the last bit of productivity in favor of the bottomline - for better or for worse.

 

[hermit]

Quote from Hello:

The dipshit who made this chart is an idiot, i agree with what is happening in the public sector, but they have average wages in the private sector at 50k a year right now, that is total horseshit, it is more like 30.

"The Cato Institute is a libertarian (or classical liberal) think tank headquartered in Washington, D.C. It was founded in 1977 by Edward H. Crane, who remains president and CEO, and Charles Koch, chairman of the board and chief executive officer of the oil conglomerate Koch Industries, Inc., the second largest privately held company (after Cargill) by revenue in the United States"

I dont see any reason for them to be biased in favor of govt.

 

[Hello]

Quote from hermit:

"The Cato Institute is a libertarian (or classical liberal) think tank headquartered in Washington, D.C. It was founded in 1977 by Edward H. Crane, who remains president and CEO, and Charles Koch, chairman of the board and chief executive officer of the oil conglomerate Koch Industries, Inc., the second largest privately held company (after Cargill) by revenue in the United States"

I dont see any reason for them to be biased in favor of govt.

I wasnt saying they are in favour of government i was saying they are drastically overstating private sector wages.

 

[Hello]

Quote from Ricter:

Lol, nice corpspeak. Come, let me show you to your cubicle. ; )

The rising landed-cost of our imports is to some extent doing this, but that is a slow, slow process.

 

[hermit]

Quote from Hello:

I wasnt saying they are in favour of government i was saying they are drastically overstating private sector wages.

Yes but I dont see any reasons for them to get the numbers wrong intentionally.

 

[Mnphats]

Quote from Hello:

Honestly i dont see a way out of this, China has us hostage with our dollars, if we were to impose trade tariffs on china, they would collapse our dollar in a heartbeat, we have almost no manufacturing sector left, so what the hell do we do? The future in the U.S. looks very bleak in my eyes.

You are correct. They purchase our debt and the US hands it back over to purchase more Chinese crap; they have us coming and going essentially. I have yet to figure out who has the upper hand though. Whats the US dollar worth?

But this discussion does not belong in P & R section.