Star Trek

 

Extraordinary by the definition of orders of magnitude increase over the period  of four decades when compared to the increase in shop floor workers.  What part of that sentence said people can't freely negotiate a contract?

 

It's an observation. 

 

yes unionism began decades before the Triangle obscenity but that fire is widely considered to be the most important event in the movement's history..although Truman calling in the troops has got to be right up there

Actually, it was just the opposite - the government was overregulating and hiding bad stuff.  They also forced businesses to do bad things that were very unsound.  And then pushing Freddie/Fannie to buy the vast majority of all those over-priced mortgages.....

If people want to buy junk, let them.  Just don't force the taxpayer to bail them out.

 

unemployment compensation is an insurance payment funded by the premiums paid when you're working

Yep.  People profit from real estate values going up  (except when they get their property tax bill....)  Why shouldn't they be allowed to be affected when prices go down?

Bam, Bam

 

you can be truly amazing....what do you think the motivation of the tens of millions ob stock holders who had junk stuck into their IRAs?  Let me see..............could it have been they didn't KNOW if was junk?

 

If the government runs all the colleges, there's no competition (plus, they get to continue indoctrinating kids - like the Marxist classes at Portland State University) - which means prices rise.  (And we all know how expensive government ran programs are....)  Why do you think some of the schools don't like the idea of distance education....?  And think about how college is actually paid for....  most people don't pay cash - they go into debt.  If people actually figured out if college is necessar for their career and went to a trade school or an apprenticeship, that may make better sense.  The vast majority of people I know don't use thier college degrees.  And for those that do go to college, is a loan always the best option (sometimes it is.)  Most people I know never even looked at the cost of the school - only where their friends go or where their favorite team is.

Just think if we bought our food or clothes like that...

When people complain about wealth inequality and blame foreclosures....

When you try to use words that complain that someone gets too much compared to another.... you're complaining that they have the ability via a contract to do so...

Unionism isn't about helping people - it's about power.  Have a few people been helped here and there?  Sure, but there have been a lot more harmed.

 

It helped a few people?  Gee whiz...those stupid coal miners who thought they earned they pay!!  And what exactly is wrong with power?  And who may possess it in your philosophy?

 

Try to use words that complain?  what does that mean exactly. Also to explain my post to you...........my point is their compensation is disproportionate to value provided.  If you're a shareholder of the corporation you've got a lot to 'complain' about although you may have very limited ability to do anything.

To address the topic at hand it is first necessary to distinguish income from wealth, as the two are so often wrongly used as interchangeable terms. Income refers to commodity earnings, generally expressed in monetary terms, over a particular time for purposes of savings or trade for other commodities. Wealth is the total supply of all commodities (goods and services) in an economy.

Production directly impacts wealth and income. Production expands the supply of commodities and thereby expands the wealth of the economy. However, income is not directly tied to economic wealth, but is a reflection of individual productivity. An indivdual may work hard at digging a ditch, but that same worker will not achieve a high income for a ditch that is being dug only to fill up again... that is the task lacks productive ends - the positive expansion of goods and services within an economy.

The disparity in both income and wealth can thus be traced to a lack of production and more notably the barriers to production. The United States has metamorphosed from a manufacturing economy to a service economy. A service economy is an outgrowth of manufacturing, but it is not a suitable replacement for a manufacturing economy for even a service economy relies on manufactured goods. Additionally, the service sector tends to be hallmarked by low income jobs, a reflection of the service sectors contribution to economic productivity, whereas the manufacturing sector requires more specialized skills that demand higher income compensation, again a reflection of the productivity contribution. Indeed, a manufacturing employee may recieve an equal or higher annual income than a small time business owner due to their relative productivity within the market. Given the above, an inherent disparity exists between a manufacturing economy and a service economy.

Secondly, many individuals are unwilling to take low income jobs. Individuals have the right to be unproductive, but to suffer the consequences associated with that action. Furthermore, many individuals are unwilling to take the low income jobs, because of inflation and a lack of purchasing power. If purchasing power was constant or increased in the consumers' favor due to deflation - the result of a strong currency and an expanding economy - than more people would be willing to occupy low income jobs because their purchasing power would increase over time. But right now our savings and purchasing power are being eroded away through inflation, which can be traced back to governmental polices and its central bank - the Federal Reserve. The government doesn't like deflation and treats it as an evil... if prices go down, so will taxes and governmental income - good for the consumer, bad for government. Therefore, the government favors policies that forward the hidden tax of inflation. In such an environment, individuals lose motivation to be productive, because the government confiscates income through taxes and gradually erodes the economy's wealth.

 

And how many other investments have people lost money in?  Would those be considered "junk" too???

There are thousands and thousands of regulations that cover this. If people mischaracterize an investment, then they're breaking the law...