The blame game of lost jobs (income, unemployed, definition, economy)
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Money is actually just a medium of exchange. What actually does have value is what we give up in order to acquire money, and what we acquire by then giving up money.
Yes, but this assumes a capitalistic society in where the value of some good is determined by the free market. Again, back out from this thought process and think about the overall economic system. Then see how it applies to this job situation we currently have.
Huh? It doesn't assume anything at all except that there are producers, consumers, and money that can be used to connect the two. There is value in the real inputs and real outputs of an economy, but money in this scenario is only a means for convenient exchange.
Huh? It doesn't assume anything at all except that there are producers, consumers, and money that can be used to connect the two.
My point was, creation of value is due to a capitalistic economic system. Without it, everything is worthless and money would be unnecessary. A capitalistic system is what determines various values of different things depending on the supply/demand.
My point was, creation of value is due to a capitalistic economic system. Without it, everything is worthless and money would be unnecessary. A capitalistic system is what determines various values of different things depending on the supply/demand.
That makes no sense. Capitalism is both rare and more of an impediment than an avenue to economic well-being. Markets meanwhile provide important signals at low cost in every sort of economy. They are totally amoral however, and need constant monitoring and oversight in order to function as a social good.
That makes no sense. Capitalism is both rare and more of an impediment than an avenue to economic well-being. Markets meanwhile provide important signals at low cost in every sort of economy. They are totally amoral however, and need constant monitoring and oversight in order to function as a social good.
How can it not make sense?
The value of any good is determined by supply and demand. The reason there's such a thing is because there is a need to profit through a capitalistic system and the method of which this is done is through the "market" (i.e. it creates a supply/demand curve and prices goods accordingly or essentially places a value on things). Through capitalism, goods that can make a profit are produced and those that can't aren't (or they eventually die out/go out of business). Producers exists cause they can profit off of their products that consumers want.
Your sentence in bold doesn't make any sense. A "market" is where the supply and demand curve meets, where seller is willing to sell to a buyer at x price for some good.
Your last sentence is correct to describe capitalism. The nature of the system is amoral and does not care about humanity or the welfare of society as a whole and in order for capitalism to function, it needs to be controlled by the government through policy and regulation.
Again. markets are not even a relative of capitalism. Markets exist is every sort of economic system. The most well-regulated ones are often found in what has been called "managed capitalism" or sometimes "socialism" by reactionaries.
The short-form definition of "capitalism" meanwhile is simply "the worship of capital." It's good that you recognize the pernicious nature of the beast. Many do not.
Again. markets are not even a relative of capitalism. Markets exist is every sort of economic system. The most well-regulated ones are often found in what has been called "managed capitalism" or sometimes "socialism" by reactionaries.
The short-form definition of "capitalism" meanwhile is simply "the worship of capital." It's good that you recognize the pernicious nature of the beast. Many do not.
Yes you're right about in general markets are not specific to capitalism, however, the context I was going for was in terms of the US since this thread is about jobs being lost domestically.
Whatever the context you were going for, your statements concerning markets and capitalism contained serious flaws. Some aspects of capitalist economic theory still do make sense, but the religion of capitalism should be shunned in its entirety.
By the way, 5,252,000 Americans began a new job in December. 283,000 of those were in manufacturing.
Last edited by toosie; 02-24-2017 at 04:57 PM..
Reason: You still make your point without trolling the right wing
Whatever the context you were going for, your statements concerning markets and capitalism contained serious flaws. Some aspects of capitalist economic theory still do make sense, but the religion of capitalism should be shunned in its entirety.
By the way, 5,252,000 Americans began a new job in December. 283,000 of those were in manufacturing.
I wasn't trying to suggest laissez faire capitalism but only pointing out the nature of capitalism and free market is forcing all these job losses and automation we are witnessing today. It needs to be regulated heavily by the government. But I think shunning capitalism would be incorrect to say as we still operate on it's principles, it's just that it's controlled and regulated by government.
Last edited by toosie; 02-24-2017 at 04:58 PM..
Reason: Edited quoted post
And data on jobs by sector and weekly wages reflects this... oh wait it doesn't.
This particular claim is one of the most commonly thrown out that is never actually supported by any data. People have heard it, so they repeat it, but when it comes down to a source it is usually some vague reference to noticing that lots of stores are closed or some relative/friend with advanced degree that can't get a job better than retail.
The employment situation is solid.
MIT's analysis says otherwise, they even admit in the linked papers here that they low ball estimated the CoL significantly. The data shows that pretty much nowhere in the nation can you really make it on such low wages. The Living Wage Map
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