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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

  1. The Big Ragu

    The Big Ragu Moderator Staff Member

    This is quantifiable. ... A pension contribution in 1948 was certainly a part of someone's total compensation.

    Are you trying to dispute that the cost of the average total compensation has risen by a huge amount with anecdotes or statements like "Benefits aren't generous enough."?

    Compensation is a quantifiable thing.

    You posted that graph suggesting that hourly pay has only risen 17 percent since 1979. ... and the reality is that total compensation (as inadequate as you find it) has actually risen by way more than that, as the benefits package the average person earns has skyrocketed in cost. It makes that supposed wage-productivity gap look much different. I posted the graph showing wages vs. actual total compensation for a reason.
     
  2. Azrael

    Azrael Well-Known Member

    And yet we're still softening child labor laws all over the country in order to feed more cheap labor into the slaughterhouse and the sawmill.

    Hmmm.
     
    OscarMadison and Machine Head like this.
  3. Driftwood

    Driftwood Well-Known Member

    If only there was some way - in the richest nation on the planet - that we didn’t have to tie healthcare benefits to someone’s employment.
     
  4. LanceyHoward

    LanceyHoward Well-Known Member

    But don't higher labor costs created by labor shortages give employers more incentive to invest in labor saving capital equipment, raising the rate rate of productivity and
    Medical costs have increased from 8.4% of GDP in 1979 to 18.4% so employer are paying a lot more for health insurance. But on the other hand the demise of virtually all fixed benefit pension plans has saved employers a lot of money.
     
  5. swingline

    swingline Well-Known Member

    Keep talking, commie.
     
  6. Twirling Time

    Twirling Time Well-Known Member

    You missed a penny.
     
  7. tea and ease

    tea and ease Well-Known Member

    We didn’t create the sun. But the sun quite obviously and quite often creates skin cancers. I think I’m glad we looked at cause and effect here. Our heat source that “God” created can cause cancer.
     
    Last edited: Jul 5, 2023
  8. tea and ease

    tea and ease Well-Known Member

    Somewhat agree. Probably more than a week. Ostensibly the CEO has education and experience, in most cases, that warrant a higher salary. My question is “reasonable profit”. Wasn’t there once a definition of capitalism that include the phrase reasonable profit?
     
    Driftwood likes this.
  9. Neutral Corner

    Neutral Corner Well-Known Member

    Funny how CEO's that lead their company straight down the shitter still get paid their huge salary and generally get a fat golden parachute to boot.
     
    OscarMadison and Driftwood like this.
  10. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    Two-word response:

    Raise salaries.
     
    OscarMadison likes this.
  11. Neutral Corner

    Neutral Corner Well-Known Member


    Well, we gotta do something for cheap labor. They won't let the brown people in any more.
     
  12. Azrael

    Azrael Well-Known Member

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