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MikeDu
Both salubrious and lugubrious concurrently.
03:03 PM on 03/20/2011
What's the end-game on this?
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03:09 PM on 03/20/2011
Gated communities protected by hired mercenaries like XE to "enforce the constitutional right to private property". Those are the only spoils in their race to the bottom.
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IfIonlyknew
Go ahead....Say something funny.
03:59 PM on 03/20/2011
You are so right.......f&f
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schatsie
Reality is not disney world
04:53 PM on 03/20/2011
like that XE fellow in Pakistan who just happened to shoot 2 people......
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mc53
02:35 PM on 03/20/2011
Keep this up and our consumer based society won't be able to consume enough to prop up the house of cards we live in.
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rtx47
04:42 PM on 03/20/2011
You're absolutely right about the house of cards we live-in; calling it a higher living standard.

Consider the four bedroom million dollar home bought with 90-100 % mortgage and used as collateral to borrow even more - "Ownership Society"

Right now, Personal debt is 13.4 Trillion. So our consumer demand economy which accounts for 2/3 of the economy activity is nothing more than a ponzi scheme designed to consume foreign manufactured products.

We could not have developed a better mouse-trap. The tragedy, the mouse is, us and we built this mouse-trap.
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signgrrl
design & production
05:00 PM on 03/20/2011
it's no coincidence that we were encouraged to buy property/houses by bush 2, and also no coincidence that no child left behind led/leads to reduced critical thinking capabilities.
06:15 PM on 03/20/2011
That's what credit is for ;) .
02:34 PM on 03/20/2011
And the Tea Party is SILENT. Why?

Well, here's a thought - Did all the racists in America that were so prevalent during the 1950's-70's just simply vanished into thin air?


Nah, they faded into the background and fueled things like school vouchers, cuts to public education, and the demonization of things like ACORN, HUD, and Affirmative Action.

Then, after a man of the wrong color won the White House, they solidified as a "grassroots" movement, actually funded by Dick Army and the Koch brothers, and called themselves the Tea Party.

Not all Tea baggers are racists, but all racists are tea baggers.
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MikeDu
Both salubrious and lugubrious concurrently.
03:06 PM on 03/20/2011
The Tea Baggers are too busy trying to justify the unjustifiable over on the "kill public broadcasting" topic. The palpable desperation with which they're scrambling to justify themselves show that they know that retribution is coming their way if they succeed. 
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10Lost
03:30 PM on 03/20/2011
With comments like yours, you give them reason to believe so.

TEA Party acting on principle. Which happens to clash with those that slur them with 'bagger'.
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10Lost
03:08 PM on 03/20/2011
deadphish, you think like a racist. a gullable one. stop drinking msnbc and nyt koolaid.

silent on what, an article comparing wages and productivity? It states prices lowered, so even if more are made, wages will not increase with same percentage of productivity.

not a good article.
05:49 PM on 03/20/2011
When folks like you stop thinking you are better, folks like me will back off.

Until then, the facts are on my side - the Tea Party is just a front for Racism. Period.
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02:27 PM on 03/20/2011
I like how the author threw in the productivity level of public employees because it could not be more further from the truth. Public sector employees have seen no stagnation in either wages or benefits and instead have seen a sharp increase in both benefits and wages. Plus, no public sector institution/worker has ever been productive. What public sector institution or worker has ever been motivated or productive? If you don't have any incentive to working hard, such as getting fired for not being productive, then the public sector worker has no need to be productive. In fact, its in there best interest to not be productive.
02:34 PM on 03/20/2011
GFYS
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02:55 PM on 03/20/2011
and same to you.
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10Lost
03:10 PM on 03/20/2011
How to measure public employee productivity?
by how many times they are rude per hour.

Really it is not a good comparison to say, making steel.
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02:40 PM on 03/20/2011
I'm gonna have to call you out on that one:
• Public school teachers still work weekends grading student papers
•City of Seattle has been cutting back in most departments, but requires the same amount of work to be done. On top of this some of the administrators don't show up on time or even do their job, and leave the task to their underlings. The ones doing all the work are often getting pay-cuts, while the bossman sits on his bum all day. I have yet to catch wind of anyone having much more than a couple weeks vacation, sick days are not paid for most; considering how pay has declined, people need every hour more than ever before. -source: unemployed city worker that "didn't make the cut" after ten years of work
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02:57 PM on 03/20/2011
Grading papers is not work. But sorry you lost your job. I wasn't aware that government workers actually lost their jobs. I didn't know that you people actually work.
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10Lost
03:12 PM on 03/20/2011
go back to 90s military, i was there, motto,
DUE MORE WITH LESS.

less people meant far more work when a ship normally crewed at 500 is lowered to 400.
Genders
Love, Tolerance, Enlightenment
02:18 PM on 03/20/2011
Duh, with automation and tech, the USA has far more wealth and productivity than at any time in history. The Swedes, Germans, and Dutch use that wealth to take proper care of all the citizens, education, infrastructure, and green energy. In the USA the rich use it to conserve serfdom for the people. Wake up. Lowest taxes on the fat cats, lowest regulation on the banksters, 4 wars, but we are broke? We were robbed. Tax the fat cats at before Reagan's budget busting cuts, seize the Bankster casinos, cut the war budget by 90% and invest directly without banksters in infrastructure, green energy installations, and free public education and minimal room and board for all citizens who need it. Otherwise? Greatest depression here we come.
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10Lost
03:15 PM on 03/20/2011
We’re No. 1!
Not so fast on tax 'breaks'.

But that’s the bad news. After a reign as the nation with the second highest corporate income tax rate, the United States is set to move into first place when Japan lowers its rate next month.

The combined federal and state rate in the U.S. is 39.2 percent of corporate profits, a new analysis by the Tax Foundation disclosed. When Japan, which currently has a rate of 39.5 percent, enacts a planned cut of 4.5 percentage points in April, America will have the highest rate of all the economies in the Organization for Economic Cooperation and Development (OECD), the group of 34 advanced nations with economies most comparable to the U.S.

Germany, which had the highest rate in 2000, 52 percent, has slashed its rate to 30.2 percent, and Canada, No. 2 in 2000, cut its rate from 42.57 to 29.52 percent.

And the National Center for Policy Analysis, commenting on the Foundation’s report, observed: “As other nations enact reforms and rate cuts, the U.S. corporate rate will continue to stand out as a hindrance to economic growth and competitiveness unless lawmakers move to lower the tax burden for businesses.”

from newsmax. www.newsmax.com
Genders
Love, Tolerance, Enlightenment
03:19 PM on 03/20/2011
And how many of the most profitable corporations paid ZERO, and you should know that. Since corporations seem to become psychopaths, do great damage to the world, yeah, they should pay taxes. But the topic is income taxes on the fat cats. Address that.
Genders
Love, Tolerance, Enlightenment
04:46 PM on 03/20/2011
http://thinkprogress.org/2010/04/06/exxon-tax/

zero taxes, 2009. but don't let reality get in the way of you fantasies.

lowest personal income taxes on the rich since right before the great depression, what a surprise...
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02:16 PM on 03/20/2011
I guess that "Work Less Party" was right about a few things after all.
Produce more things, consume fewer, create depression, recover, repeat.
So much for recovery... It looks like this pie was dropped on the way into the oven.
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10Lost
03:40 PM on 03/20/2011
Who is the work les party?
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04:26 PM on 03/20/2011
http://www.worklessparty.org/
Home - Work Less Party

http://www.alternet.org/story/52077/
Why Working Less is Better for the Globe | | AlterNet
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wowme
It was worth it.
02:16 PM on 03/20/2011
I thought the free market would have sorted everything out by itself
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10Lost
03:42 PM on 03/20/2011
depends on what your goal is.
The free market (or as free as it can be considers regs and tax favors handed out by behavour modification dems) has sorted it out.
See graph.
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HUFFPOST SUPER USER
Under Fed yet Fed Up
Feeling sorry for Democrats and Republicans alike
01:48 PM on 03/20/2011
What would make this data more informative would be a comparison of corporate capital infrastructure over the same time period. Did the productivity come from better and smarter work? Or was it a result of automation and capital expenditure?

Workers should expect compensation for the former but not the later.
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MikeDu
Both salubrious and lugubrious concurrently.
03:17 PM on 03/20/2011
"Better and smarter work" is a straw man. The whole point of an economy is to sustain the populace, not to make 'stuff'. If you've got the top 1% becoming as rich as Croesus while the bottom 80% are one paycheck away from starving on the street then something's gone terribly wrong.
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10Lost
03:44 PM on 03/20/2011
It has always been such, mikedu. We can not go terribly wrong if we never started from the 'utopia' or whatever you wish to call it.

When was there a society/economy that the bottom 80% had a number of years of cash stashed away just in case they cant find work?
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rjmtx
blah blah blah
01:29 PM on 03/20/2011
Made me think of D'Angelo doing "Devil's Pie"

http://www.youtube.com/watch?v=8fNtipp5RLs
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spoonbill1963
01:16 PM on 03/20/2011
Oh Mr. Censor.....Ever hear of the First Amendment? No? I thought as much.
Don't you just love freedom?
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spoonbill1963
01:12 PM on 03/20/2011
We have to compete with wages in Asia. If we pay too much, goodbye jobs.
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01:30 PM on 03/20/2011
which shows you just how much those companies who off-shore jobs care about america.
01:54 PM on 03/20/2011
redblack, i guess you'd like to put up a tariff wall so american cos could pay more and not be undercut by foreign cos. whoops, i forgot ,taft -hawley tariff started the great depression
barbra1971
Sherry Hunt my hero
01:49 PM on 03/20/2011
Did you ever though about it why things don't cost us just the same amount they are buying it for (those who are paid so little)?
We don't produce what they do, that makes no sense.
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Konrad Klean
likes the taste of the red pill.
12:34 PM on 03/20/2011
This troubling trend gives credibility to the push for slicing up the capital pie. We know that in the long run poor or nonexistent incentives lead to poor performance because they act as behavior reinforcement. When companies and public institutions fail to provide sufficient reward for the productivity of their employees innovation begins to slow down and eventually stops. The key component here is that employees know they aren't being rewarded commensurately.

Ironically we also popularize, in our anti-socialist propaganda, that the absence of change and process improvement were key reasons for the downfall of the socialistic economic model. When workers see no gain from maintaining CIP (continuous improvement processes) they hold back input. Furthermore, as my fellow Randians know, when future workers do not see adequate reward for their efforts they withdraw from full participation in an economy.

While the above may not happen in the context of the current working generation, I feel that in about a decade or so most of our top talent will ship itself out to India, China, and Australia. This suspicion is supported by the educational trends in business schools. Economics and International Business are some of the hottest new majors chosen by both high school graduates and students of non-traditional backgrounds.

What this means for the United States is not only that we are unlikely to see any "sputnik" moments in the nearby future, but are also risking unprecedented brain drain.
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spoonbill1963
01:14 PM on 03/20/2011
Huffington herself said we are headed for third world status and we are. I see no way to stop it.
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Konrad Klean
likes the taste of the red pill.
01:31 PM on 03/20/2011
There are ways to stop it. I strongly suggest reading "Leisure Class" by Thornstein Veblen. Though I would also like to stress that his views are a little bit more extreme than demanded by any situation.

There is a problem in an economy when the "movers" cannot consume sufficient amounts of goods with respect to those produced in the economy which propelled them. When that happens we end up with a congestion reality in which their expenditures are a tunnel of discrete dimensions through which economic activity can only pass at a certain rate. Bereft of research I can only muse, but I believe that this is the reality whose victim is our economic growth.
02:38 PM on 03/20/2011
Get rid of Republicans and ConservaDems, and start isolationist policy to focus only on America...for now. Once we have rebuilt our manufacturing base, we can then open up our economy again to the World. Anything short of this will fail.
12:27 PM on 03/20/2011
this has been true for a long, long time
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hypnotoad72
Freedom = real democracy = living wages
12:23 PM on 03/20/2011
Hence an effective need for credit:  http://motherjones.com/kevin-drum/2010/01/vicious-cycle-stagnant-wages

Especially if one needs transportation or a college degree needed FOR any jobs that still exist, that is.