Quote:
Originally Posted by StillwaterTownie
Trickle down has been working big time for the millions of people in China. For evidence, just look at all the pollution in their water and air.
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Yeah, so?
Can't make an omelet without breaking a few eggs.
Hmmm.....what exactly is one of the major difference between a 2nd Level Economy and a 3rd Level Economy?
Clean.
Obviously, you have no idea what "clean" means in Economics.
But, hey....look at the bright side....when China starts taking all of your 3rd Level Economy jobs (while India takes your remaining 2nd Level jobs), their pollution levels will decline.
Aren't you thrilled?
You should be.
You know, that will happen faster if you raise minimum wage and then let government interfere more in the economy.
I'll bet you condemn child labor, too.
In days gone by, while in a ZERO Level Economy, your entire freaking clan would have died and been removed from the Gene Pool due to starvation or starvation-induced disease, just because you have some fantastical nonsensical "thing" about child labor.
Quote:
Originally Posted by petch751
Do any liberal economists notice that an increase of 11 million in the labor pool increases the supply and thus inhibits the increase in average wages?
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That would true only in the latter phases of a ZERO Level Economy.
The Skill-sets in existence then were:
War-Lord
Warrior
Priest/Priestess
Prostitute
Farm Worker
Today, we have 800+ Skill-sets.
If we look at a graph, we see a bell-shaped curve heavily -- exaggerated -- skewed to the left. As you progress through the Economic Levels, that curve shifts to center, and then just slightly to the right.
If those 11 Million all had the CEO Skill-set then CEOs would get paid $7.25/hour, or be off-shored to take advantage of the 1.5 Billion CEOs in China and the 1 Billion CEOs in India.
You seriously believe those 11 Million are competing against me?
A few have died, so that leaves about 34 people on Earth with my particular special expertise, which is why I can charge $750/hour (and I'm at the low end --- some go for $1200+/hour).
Quote:
Originally Posted by Driller1
Many businesses have "just sat" on funds.
They are waiting for Obama to be out of office and then see what direction the country moves toward.
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No, that is not why.
There are two primary reasons.The first is due to the unprecedented level of uncertainty in the US created by Obama during his 8 years.
I guarandamntee you that will not change one bit when Obama leaves office.
You're going to have a cogent Energy Policy after Obama leaves office?
No, wrong, that's not going to happen and I don't care who you elect. Only the deluded and neurotic think it would change.
In the first place, you can't even develop a cogent Energy Policy until you are in the 5th Level Economy.
I was mistaken when I said it would be 20 years from the day you pry the federal government loose public education. I realized that when I was discussing the paradigms of the Old Guys and the first US Geo-Strategy (the Pacific Plan).
It's going to take 20 years just educate people to a point to where they can educate those to enter the 5th Level Economy.
Figure 40-45 years ---about a Generation, which is the norm, actually if you look at history.
This uncertainty created by the lack of a clear concise Energy Policy, originated with the Bush Administration and has been made worse by the Obama Administration.
That is not nearly as bad as the uncertainty Obama created with the ACA.
A number of regulations governing the implementation of the ACA have been delayed by Executive Orders signed by Obama, which exacerbated the climate of uncertainty already caused by Obamacare. It will require Executive Orders from a new Administration to countermand them, and you have no guarantees that any Administration --- Democrat or Republican -- will do that.
Healthcare in general creates uncertainty. What you need is to repeal this and all related laws and legislation:
"Amounts paid by an employer on account of premiums on insurance on the life of the employee...may not exceed five per cent of the employee’s annual salary or wages determined without the inclusion of insurance and pension benefits."
Source: War Labor Reports, Reports and Decisions of the National War Labor Board (Washington, D.C.: The Bureau of National Affairs, 4, 1943) LXIV.
Source: Office of Economic Stabilization, Regulations of the Part 4001 Relating to Wages and Salaries, Issued October 27, 1942; amended November 5 and November 30, 1942, Section 4001.1 (h) (2), War Labor Reports 4, XII.
Source: War Labor Reports, Reports and Decisions of the National War Labor Board, Section 1002.8, LXVIII.
The immediate effect is employers will incur increased costs.
Employers will pay higher worker's compensation premiums, higher SUTA premiums, higher FUTA premiums, and pay more money on FICA/HI taxes. Employers will also loose deductions, and thus pay more in corporate taxes.
Employees will pay higher FICA/HI and more individual taxes.
While it sounds bad, it's all good.
That will force healthcare, specifically the health plan coverage component of healthcare closer to a Free Market, where costs will be less for health plan coverage. That will not prevent the hospital monopoly run by Obama's friends in the American Hospital Association from price-gouging you to death, but will reduce Demand, and cause other positive effects with the lack of tax subsidies.
See this...
Quote:
1995: LG gains a 58 percent controlling stake in Zenith by buying $351 million in stock.
Nov 14, 1999 - What's an American industrial icon worth? Try 200 million bucks. That's what LG Electronics paid when it acquired Zenith in a bankruptcy.
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That is Reason Numero Uno why corporations hoard cash.
What is the only thing in this Universe that will stop South Korean LG Corp from buying up Zenith stocks, and closing factories and putting Americans out of work?
Cash.
And lots of it.
So, yeah.....let's criticize the 3% of businesses in the US that are publicly traded corporations for hoarding cash
and trying to protect what few jobs Americans have left.
Evidently....
Mircea
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