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No, no!!! I am still claiming retail is in recession.
I meant the whole economy.
It's not in recession yet, i think economy is growing like 0.5-1%.
Will eventually fall into recession.
Using your own definition, until retail sales are negative for 2 straight quarters, retail is NOT in a recession.
We are having the warmest fall in 25 years and October was the warmest October ever on record. Considering a significant portion of fall retail sales are cold weather apparel and cold weather home (from blankets to snowblowers), and there has been no use for either so far in the majority of the US, the weather explains soft sales results more than your recession theory does. Plus, people are buying homes and cars in greater numbers, two things that don't happen in recessions.
Using your own definition, until retail sales are negative for 2 straight quarters, retail is NOT in a recession.
We are having the warmest fall in 25 years and October was the warmest October ever on record. Considering a significant portion of fall retail sales are cold weather apparel and cold weather home (from blankets to snowblowers), and there has been no use for either so far in the majority of the US, the weather explains soft sales results more than your recession theory does. Plus, people are buying homes and cars in greater numbers, two things that don't happen in recessions.
That's the deal with retail (apparel). Consumers buy based on seasonal needs. It doesn't make it a recession if it's 90 degrees in November or 40 degrees in June. It means people have no need for winter coats or flip-flops and are spending discretionary income on other non-apparel items or experiences.
Weather can also drag down non-seasonal apparel & home businesses. If store traffic is low because it's 90 degrees in November, not only is the customer not buying a winter coat, but also the pj's and towels she may have added to her cart as an "impulse" purchase while in store.
This is the best we are gonna get out of humans. Unless you have crazy AI robots or cyborgs and stuff this is the upper bound of productivity.
Yep, I can easily imagine you in the early 1800s watching McCormick's reaper harvesting grain faster than five men, commenting how this is the best we're going to get out of humans.
Quote:
Originally Posted by richrf
Higher productivity is a euphemism for longer hours at less pay. The goal of the Oligarchy and the Feds appears to be slavery. No surprise.
Nonsense. Higher productivity is more production per person in an equal amount of time, nothing else. You can produce more with longer hours and I won't argue against that being the motivation of many, but that isn't how an economist measures productivity. Then again I'm talking to the guy who posted a graph showing retail sales increased when trying to prove it contracted.
Nonsense. Higher productivity is more production per person in an equal amount of time, nothing else.
Wrong.
Slaves are very productive. They create enormous amount of revenue at zero cost. The ultimate objective of the Oligarchs who rule the Fed and the government.
How to increase productivity? Simple. Longer hours and less wages - only don't report the non-paid hours. The extra hours are the slave hours. More slave hours the higher the productivity and the company doesn't even need robots! A beautiful slave system created by the Feds and the ruling Oligarchy.
Slaves are very productive. They create enormous amount of revenue at zero cost. The ultimate objective of the Oligarchs who rule the Fed and the government.
How to increase productivity? Simple. Longer hours and less wages - only don't report the non-paid hours. The extra hours are the slave hours. More slave hours the higher the productivity and the company doesn't even need robots! A beautiful slave system created by the Feds and the ruling Oligarchy.
Wrong, as usual.
Productivity as an economic measure is output per worker in a given amount of time, nothing to do with your bizarre irrational class envy.
Productivity as an economic measure is output per worker in a given amount of time, nothing to do with your bizarre irrational class envy.
Right. People aren't working for free. They are working for experience! Internship, long hours without pay, all part of the new slave economy. Let's have more productivity! Let's have people working double shifts and pay them for only one!
I know. I know. Slave labor is good for people. It gives them an opportunity to make the Oligarchy richer. That is what the Royalty use to tell the Colonists and the Slave owners told the slaves.
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