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Thread: WH is Only Telling Half the Story About What Happened to American Jobs

  1. #11
    Cat-tastic Babba's Avatar
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    US companies are seeing growth in profits not seen in six years. Sounds great, doesn't it? Workers are not enjoying a growth in wages, though.



    As you can see, employee compensation growth roughly matched corporate profit growth in 2016, but in the first half of 2017 corporate profits have spiked while wage growth has been meager. Basically, corporations have manufactured profits by being stingy with workers.
    Corporations Are Raking In Record Profits, But Workers Aren?t Seeing Much of It ? Mother Jones
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  2. #12
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by DebateDrone View Post
    American businesses do not belong to America. In a free market system...if Ford want to produce every one of their cars sold in America ...overseas...we should not place restrictions on them to do so.

    It is not the job of the federal government to make corporation act as we wish.

    I have no say what goes on in any boardroom of any corporation...where my clout lies in my purchasing power.

    There are 100 different arguments of why the American middle class got fucked over ...but the only reason is that we could not sustain the growth of a post WWII economy.

    It was a perfect storm we had industry humming because of the war effort...we had the tremendous influx of government dollars into the economy, we had dominance of share of global markets and we had a need.

    What Americans need to focus on is ending welfare for corporations and getting rid of laws that protect said corporation from competition here in the US.

    Why can't Tesla sell his cars directly to consumers? Why is there a law in which he must go thru a dealership?

    Why can't Joe Blow make cars for the American market?

    If McKing burgers wants to replace the workers with robots and Kiasoks...we should say fuck you McKing burger and go to Joe Blows burger shack...where they still employ humans.
    Agree that's how in theory capitalism should work. But as we have seen, any company or person that comes along with a good idea is often bought up by the conglomerates in record time. Look at what ExxonMobil and Chevron have done in the renewable energy market, buying up patents so they now own a massive chunk of the renewable energy market. I remember just a few years ago, any kid that had an app or software was gobbled up by either Apple or Microsoft so they owned the product. Its a problem where we are already seeing many industries with monopolies.
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  3. #13
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Babba View Post
    US companies are seeing growth in profits not seen in six years. Sounds great, doesn't it? Workers are not enjoying a growth in wages, though.





    Corporations Are Raking In Record Profits, But Workers Aren?t Seeing Much of It ? Mother Jones
    Which is why if you recall, many voters in the rust belt voted for Trump. They aren't in the stock market at all and constantly hearing how great the market was meant nothing to them. All they saw were shuttered factories and no jobs. Its become a two faced nation, one where those in the market in any capacity are thriving, whereas the blue collared workers (non trades) are struggling. I think both Sanders and Trump spoke to these workers with their anti trade messages.
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    Quote Originally Posted by bajisima View Post
    Agree that's how in theory capitalism should work. But as we have seen, any company or person that comes along with a good idea is often bought up by the conglomerates in record time. Look at what ExxonMobil and Chevron have done in the renewable energy market, buying up patents so they now own a massive chunk of the renewable energy market. I remember just a few years ago, any kid that had an app or software was gobbled up by either Apple or Microsoft so they owned the product. Its a problem where we are already seeing many industries with monopolies.
    Lots of things "in theory" should work.

    Communism "in theory" should work.

    Of course, "in theory" doesn't count.

    Reality counts in the real world.

    Reality is that capitalism is by far the best way to go.

  5. #15
    Cat-tastic Babba's Avatar
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    Quote Originally Posted by bajisima View Post
    Which is why if you recall, many voters in the rust belt voted for Trump. They aren't in the stock market at all and constantly hearing how great the market was meant nothing to them. All they saw were shuttered factories and no jobs. Its become a two faced nation, one where those in the market in any capacity are thriving, whereas the blue collared workers (non trades) are struggling. I think both Sanders and Trump spoke to these workers with their anti trade messages.
    But being anti-trade isn't the answer. Trump can rail against China all he wants and slap tariffs and whatever and it's not going to help. Americans need to understand that.

  6. #16
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    Quote Originally Posted by Miller47 View Post
    Lots of things "in theory" should work.

    Communism "in theory" should work.

    Of course, "in theory" doesn't count.

    Reality counts in the real world.

    Reality is that capitalism is by far the best way to go.
    Actually, the most successful economies are mixed economies.

  7. #17
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by Babba View Post
    But being anti-trade isn't the answer. Trump can rail against China all he wants and slap tariffs and whatever and it's not going to help. Americans need to understand that.
    Agree but they don't. NAFTA has been pummeled by the AFL-CIO for over a decade. Union workers talk about it all the time and blame it for a lot of problems. So it was only natural that TPP was going to go down the same road. Even when universities claim otherwise. Its another one of those things where union guys sit around and blame "those elitists on campus" for losing their jobs. Far left sites do it all the time as well which is why Sanders, Gabbard and Stein get such high praises over at those places. Its just something Americans have no idea about.

    https://aflcio.org/reports/nafta-20
    U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says | HuffPost

  8. #18
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    Quote Originally Posted by Babba View Post
    Actually, the most successful economies are mixed economies.
    The all-or-nothing crowd will never admit that.

  9. #19
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    Quote Originally Posted by bajisima View Post
    Agree but they don't. NAFTA has been pummeled by the AFL-CIO for over a decade. Union workers talk about it all the time and blame it for a lot of problems. So it was only natural that TPP was going to go down the same road. Even when universities claim otherwise. Its another one of those things where union guys sit around and blame "those elitists on campus" for losing their jobs. Far left sites do it all the time as well which is why Sanders, Gabbard and Stein get such high praises over at those places. Its just something Americans have no idea about.

    https://aflcio.org/reports/nafta-20
    U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says | HuffPost
    There are aspects of our trade deals that are not beneficial to Americans, there is no doubt about that. But the way Trumps seems to want to deal with those problems isn't the answer. The financialization of corporations are a bigger problem and it isn't being addressed at all by anyone.
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    Quote Originally Posted by Eve1 View Post
    You missed 8 years between Clinton and Obama its called Bush. Under Obama the economy recovered after the worst economic cluster fuck in history under Bush. Obama took the economy into steady territory and then started upward. You guys think Trump is responsible for the growth since Nov 2016 but the fact is without Trump it would have been a lot better. Real serious investment is looking elsewhere in the west to put their money and countries like Canada are benefiting. Thanks Trump.
    the DOW is approaching 22,000.

    10 billion dollars being invested in a Wisconsin factory from a foreign country that will create 1000's of jobs over time.

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