Bureau of Labor Statistics
Above is the chart Paul Krugman submitted for Ezra's Year in Charts post at Wonkblog. It can be found in a 2011 paper from the Bureau of Labor Statistics called The compensation-productivity gap: a visual essay. (pdf) Included therein is a chart showing the other side of the equation; productivity increasing but compensation stagnating.
Bureau of Labor Statistics
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The traders, investment banks, and hedge funds skim about a buck on each gallon of gas sold. They will make/skim tons of money shorting the economy with leveraged 1 to 144 bets using our money. These bets are all but foolproof provided for by obstructionists regularly tanking the economy and union busting/offshoreing jobs. In about two more years they will own everything.
This is the core of the issues in society. Capital has advanced over labor. Machines replace people - ATM telephone operators robots gas station service off shore production etc. There are no solutions except a transfer of wealth from the rich to the poor within a welfare state - which also maintains consumption. It goes back to the "surplus product" where the workers can't buy all of their product - leaving war as a way of getting rid of surplus supply.
You forgot to add that war is a way to get rid of surplus people, too.
It goes back to the "surplus product" where the workers can't buy all of their product - leaving war as a way of getting rid of surplus supply.
Not being a Marxist I had to look this up. Considering that the largest problem the proletariat has is obesity, we capitalists are not too worried.
Right your not worried you just run around on progressive blogs screaming the sky is falling.
This is the core of the issues in society. Capital has advanced over labor. Machines replace people - ATM telephone operators robots gas station service off shore production etc. There are no solutions except a transfer of wealth from the rich to the poor within a welfare state - which also maintains consumption. It goes back to the "surplus product" where the workers can't buy all of their product - leaving war as a way of getting rid of surplus supply.
Wrong again, the labor problem is a direct result of trickle down/supply side economics. The first clue is corporations did not keep factories in the states replacing workers with machines. What they did was close the factories and move them to countries with a cheap labor force they could exploit. Oh btw it was also taking the US off an industrial economy and putting it on a service economy because an insane soap salesman thought he could grow the economy with lots of low wage service jobs instead of living wage industrial jobs which started the disaster we see today.
Thank Gawd the Job Creators will save us, if only we give them more handout! (Wait, I mean Tax Cuts and Government Contracts)