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lrellok

(41 posts)

6. Goggle "Luddite" and think a while

Reply to dipsydoodle (Reply #4)

Sun Jan 13, 2013, 09:41 AM

Jan 2013

If people where complaining about machines lowering wages in 1812, one would think they would have manifested long before now. If we are just seeing wages go down today, you kinda need to explain why the last 200 years of machines did not do this and these new ones are.

Second, those periods with the largest capital investment as a share of GDP also match the periods where wages are rising, not falling. If technology was replacing labor, capital investment would be inverse to wages, not match them.

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Wages have fallen to a record low as a share of America’s gross domestic product. [View all] grahamhgreen Jan 2013 OP

That doesn't seem to account for changes in technology dipsydoodle Jan 2013 #1

technology is irrelevant to the fact that workers are taking home less of the value of production HiPointDem Jan 2013 #2

The statement to which I referred is an aggregate one. dipsydoodle Jan 2013 #4

Goggle "Luddite" and think a while lrellok Jan 2013 #6

excellent response, Irellok! Skittles Jan 2013 #13

And the claim everywhere is: burnsei sensei Jan 2013 #3

Better Yet - Per Dubya - Having Two Or Three Or Four Or More Jobs Is Nirvana cantbeserious Jan 2013 #8

30 years of failed conservative economics at work here.. 4dsc Jan 2013 #5

30 Years Of Reaganomics Stuffing The Pockets Of The Ultra Wealthy cantbeserious Jan 2013 #7

"There is no economic law that says that everyone, or even most people, automatically benefit from Agony Jan 2013 #9

Yet the barrier to a higher education grows exponentially (chart) grahamhgreen Jan 2013 #17

Oh, c'mon people. Give it a couple more years and it'll start trickling down to us. progressoid Jan 2013 #10

It is mostly the trade deals causing a decline pediatricmedic Jan 2013 #11

The decline preceded the trade deals by 20 years. And countries with a stronger middle class pampango Jan 2013 #12

The costly trade deals, obviously cost jobs and allow employers to pay people less, that's grahamhgreen Jan 2013 #16

The lowest bidder global economy has created a race to the bottom. bubbayugga Jan 2013 #14

The GOP can claim a victory in their war on the Middle Class. lpbk2713 Jan 2013 #15