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Work Hard And All Will Be Well, Maybe Not [Pic]

submitted by: Jonix
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Work Hard And All Will Be Well, Maybe Not [Pic]. The Great Depression might not be known as THE Great Depression for much longer.
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Hits: 21014 | Favorites: 6 | Emailed: 2 | Rating: 3.1 | Category: News & Politics | Date: 11/01/2011
 
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number43
Male, 70 & Over, Asia
 765 Posts
Sunday, November 6, 2011 7:55:11 AM
You know what else happened between 1947 and 1979? We were the only industrialized country that hadn't been bombed into the stone age during WWII.

It`s easy to have a 119% growth when you`re the only one left standing.

hijklmno
Male, 18-29, Eastern US
 2 Posts
Wednesday, November 2, 2011 8:12:42 PM
ummm where are the unemployment stats?? not to start an argument but... basic microeconomics tells us that as the average hourly wage increases then unemployment increases as firms are not able to keep as many assets. if the wages rose at the same rate in the first half, yall would be unemployed and americas gdp would be in the poos

scoundrel1
Male, 40-49, Southern US
 33 Posts
Wednesday, November 2, 2011 2:16:16 PM
Who compiled the data?

Ahyemi
Female, 18-29, Southern US
 7 Posts
Wednesday, November 2, 2011 9:51:24 AM
Emerging technologies is a major factor, no doubt. But the fact that companies lay off employees that are no longer needed (and outsource) while providing more goods and services doesn't make sense with the great gap between productivity and wages. If major corporations save money for having less employees while, at the same time, gaining by producing more, more efficiently, why is it that the value of products continue to rise while a great majority of worker compensation remains pretty stagnant? It`s not a matter of `living beyond means` so much as the cost of living going up. More output, less input, and where`s the difference? Debt.

ChrisP12
Male, 40-49, Midwest US
 186 Posts
Wednesday, November 2, 2011 8:37:30 AM
There has been a great deal a automation and applied technologies since 1979. This more than anything may lead to income disparities. Businesses are doing more with less. Think about that next time you choose a self checkout at the grocery store.

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