Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Supply and demand. When VW opened in CHattanooga, the ratio of applicants per line job greatly outpaced the ratio of applicants per professional job. The latter requires college degrees, which raises salary expectations. And the line worker is no different than the retail cashier of the CFO, each gets paid based on their replacement cost, which is a function of prereq skill requirements and the aforementioned ratio of avaialable replacement supply.
Saw a mfg study where 166 today produce as much as 1,000 in 1971. That means there are 5 available replacements w/o add'l unemployment per available job. Robots increase that ratio every day. Most of our subsidiaries no longer have a job classification for pack out; robots do it.
When there's a strong demand for goods and services in the economy it provides the necessary incentives for ordinary people to open up businesses, hire workers, etc. to fulfill those demands.
Economics 101: the demand has to be there first. demand drives supply. Not the other way around.
Supply side economics is ass-backwards.
Strong demand is predicated upon a strong US dollar.
When our government spends money which doesn't exist or maintains artificially low interest rates relative to inflation (see Carternomics), the value of the US dollar declines as does demand for it.
As demand for and value of the US dollar declines, the ability of consumers to demand goods and services also declines.
This results in inflation combined with stagnation, or what we used to call stag-flation (see Carternomics).
Reagan understood the importance of a strong US dollar to working people.
In 1984 the US dollar reached its all-time high, GDP was growing at 9.3% and millions of jobs were continuing to be created in the private sector.
cisco kid, Microsofts' system took it into such a new level, a level many competitors did not think could be reached, and it made the DOS based stuff look like a Model T. Large competitors tried their operating systems, and failed miserably as Microsoft had set the bar too high for anyone coming after them.
Actually Apple was the first to come out with the GUI. Microsoft made a version of the GUI for the PC by copying Apple's idea. But that's beside the point.
DOS was difficult to learn for the average person so companies that relied on computers demanded an easy to use operating system that was also affordable. That's where Microsoft came in. They fulfilled a demand, they didn't create it.
When there's a strong demand for goods and services in the economy it provides the necessary incentives for ordinary people to open up businesses, hire workers, etc. to fulfill those demands.
Economics 101: the demand has to be there first. demand drives supply. Not the other way around.
Supply side economics is ass-backwards.
If Henry Ford had asked "ordinary people" what they wanted in the way of improved transportation, they would have said "faster horses." There was nothing like the Macintosh computer or the I-phone until a creator created them. Until McCormick invented the reaper, farmers wanted better fieldhands.
The money gifted to the masses in order to create demand does not come out of a magic box. If you torch the makers to give money to the takers, you will lose the makers.
Cisco: I believe the earth is about 4.5 billion years old and was not created by a magic sky man, and evolution explains the diversity and complexity of life. I also believe that each one of us generally gets paid what we are worth, and we all sell our time and talents and skills and effort to the highest bidder. If we don't like the best bid, we can always figure out a way to be of value to the rest of society and hang out our own shingle. (Although I guess complaining about the unfairness of it all on a message board is good enough for some.)
Everything on the right is based on fantasy and myth.
What do you expect from people who think evolution is a lie, the earth is only 10,000 years old
and was created in 7 days out of thin air by the magic man in the sky.
Why should we listen to you when you have shown many times you don't know the difference between profit and revenue?
Supply and demand. When VW opened in CHattanooga, the ratio of applicants per line job greatly outpaced the ratio of applicants per professional job. The latter requires college degrees, which raises salary expectations. And the line worker is no different than the retail cashier of the CFO, each gets paid based on their replacement cost, which is a function of prereq skill requirements and the aforementioned ratio of avaialable replacement supply.
Saw a mfg study where 166 today produce as much as 1,000 in 1971. That means there are 5 available replacements w/o add'l unemployment per available job. Robots increase that ratio every day. Most of our subsidiaries no longer have a job classification for pack out; robots do it.
I can think of more than one company that believes its employees are vital to their operations to the point where they get very good wages and benefits relative to those in the company who hold professional positions (by the way, I am a professional, and the non-professionals in the company I formerly worked for were paid equivalent wages and benefits). Be that as it may, the fact is that the gap between the haves and have nots has never been greater in this country. I suggest that the Wallstreet types ought to take the occupiers a little more seriously, because I also suspect their protests are the proverbial tip of the iceburg.
Actually Apple was the first to come out with the GUI. Microsoft made a version of the GUI for the PC by copying Apple's idea. But that's beside the point.
DOS was difficult to learn for the average person so companies that relied on computers demanded an easy to use operating system that was also affordable. That's where Microsoft came in. They fulfilled a demand, they didn't create it.
Both Apple and Microsoft borrowed UI technology from Xerox's PARC research. Microsoft did not copy Apple.
cisco kid, In the DOS world, few used PCS in offices. People did tons manually in ways that allowed those familair with DOS to input it efficiently, but think of the efficiency which on the bad side was staff reductions, Microsofts' system allowed. (PS, The ability to learn DOS would NEVER have amounted to anything much. It was noy user friendly at all.)
I'd put it up with the uniform shipping container in terms of impact on job quantity requirements. Each allowed an unbelievable job in efficiency.
orogenicman, Thomas Friedman summed it up best, as to why the spread is widening. The days of "being average" are over. We'll all need our "A" game from now on, or else we become part of the "have nots".
For decades post WWII, we had no competition with Europe and Japan in ruins, and average was tolerated, and flourished. That was bad long-term, as today we act like average s/b ok. It never was. It was just masked over by our monoploy powers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
