Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 ] |
| Subject: Re: Corps haven't been sharing productivity gains w/employees as they have in the past | |
|
Author: Mo' Green |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 19:44:29 03/23/08 Sun In reply to: Mo' Green 's message, "Corps haven't been sharing productivity gains w/employees as they have in the past" on 19:42:40 03/23/08 Sun Sorry about the repeated paste. >the economist Ravi Batra is a proponent of this point >of view: >"Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way." >Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way. >Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way. >Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way. >Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way. >Dr. Batra's major thesis has to do with the need for >workers' wages to keep up with productivity gains in >order for an economy to remain healthy. The failure of >wages to keep up with productivity in the U.S. during >the 1980's and 1990's is the major reason Dr. Batra >continues to predict a major depression is on the way. > >href="http://www.kitco.com/ind/Taylor/dec172002.html">h >ttp://www.kitco.com/ind/Taylor/dec172002.html >Old quote but to the point. Dr Batra has written >extensively on the topic > > > >>Stage Right (USA): Many of the articles I read about >>the "economic slump" (read "Slump Moves From Wall St. >>to Main St." in the NYT below) … >> >> >>href="http://www.nytimes.com/2008/03/21/business/21eco >n >>.html?ex=1363838400&en=dbb413b1d88aa67b&ei=5089&partne >r >>=rssyahoo&emc=rss">http://www.nytimes.com/2008/03/21/b >u >>siness/21econ.html?ex=1363838400&en=dbb413b1d88aa67b&e >i >>=5089&partner=rssyahoo&emc=rss >> >>… infer that the problem with the economy is due to >>the fact that people are not spending money. It is >>implied or inferred that if people would only spend >>money, everything would be better. >> >>But they do not mention the fact that the average >>American has gone from having $10k in the bank in 2000 >>to being over $10k in debt today. Or that cost of >>living has outpaced average salary increases, or that >>many people have dropped out of the labor force. These >>articles are written only to inspire people to spend >>their money and tell us that if we we spent money >>(that we don't have because we are in debt) that the >>economy would improve. >> >>Stage left (Europe): The European economy is doing >>very well, especially given the fact that the many >>former Eastern Block countries have recently joined. >>Personal ownership of land and property is not an >>issue there. Gasoline and road taxes have always been >>expensive there. Most persons do not own cars and use >>public transportation. They have mandatory public >>health care. They are all working at reducing their >>carbon footprints. They are poster children for >>renewable energy. They have mandatory recycling >>programs. People do not go out and spend their money >>frivolously. They don’t have disposable plastic >>grocery bags or Styrofoam travel cups. >> >>The point is that Europe's economy is doing very well >>and the people there don't go out and spend money to >>save the banks. [ Next Thread | Previous Thread | Next Message | Previous Message ] |