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Corp profits at new high, wages all time low

Discussions about the economic and financial ramifications of PEAK OIL

Re: Corp profits at new high, wages all time low

Unread postby Keith_McClary » Thu 20 Feb 2014, 01:53:11

$this->bbcode_second_pass_quote('phaster', 't')he simple reason corporations have generated record profits is because they produce a product that is in great demand by the public at large and by using technology it enables corporations to produce more product with fewer workers

hence "Corp profits at new high, wages all time low"

QED
A major sector of the economy is the military-industrial complex whose customers are the bought-and-paid-for politicians. The "public at large" just pays the bills.

And yes, I know, USA has a perfect democracy, so it's all the will of the peeple.
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Re: Corp profits at new high, wages all time low

Unread postby phaster » Thu 20 Feb 2014, 03:24:21

$this->bbcode_second_pass_quote('Keith_McClary', '')$this->bbcode_second_pass_quote('phaster', 't')he simple reason corporations have generated record profits is because they produce a product that is in great demand by the public at large and by using technology it enables corporations to produce more product with fewer workers

hence "Corp profits at new high, wages all time low"

QED
A major sector of the economy is the military-industrial complex whose customers are the bought-and-paid-for politicians. The "public at large" just pays the bills.

And yes, I know, USA has a perfect democracy, so it's all the will of the peeple.


In the grand scheme of things the military-industrial-complex which Eisenhower talked about in his fare well address is small w.r.t. gdp

Image

Image

Ever hear of the expression "consumer economy?" The expression came about because US consumer spending is like 70% while government spending is about 20% (these figures are rounded off)

The majority of monies spent by the US government go toward entitlement programs (i.e. stuff like social security and medicare), only 20% of the budget is defense related.

Image

http://www.cbpp.org/cms/?fa=view&id=1258

by market cap the biggest US companies are apple, exxon and google

aapl (Mkt Cap: 479.57B)
xom (Mkt Cap: 410.42B)
goog (Mkt Cap: 404.05B)

and by comparison the market cap of "The 10 Biggest U.S. Government Contractors" is much smaller

http://www.cnbc.com/id/42494839

the point I am trying to make is companies like apple and google leverage technology to create products that generate great profits while employing very few people (relatively speaking)

as for US "democracy" its basically two sides of the same coin, the powers that be (i.e. talentless political hacks kiss the a$$ of lobbyist)
truth is,...

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Re: Corp profits at new high, wages all time low

Unread postby Sixstrings » Fri 21 Feb 2014, 18:03:12

$this->bbcode_second_pass_quote('Keith_McClary', 'A')nd yes, I know, USA has a perfect democracy, so it's all the will of the peeple.


The justification for the huge military is we were leader of the free world -- Japanese buy our bonds, and we defend their freedom. And Europe's too and everywhere else, with little Kuwait thrown in too.

Global cop. We didn't do so bad, really. We kept the peace for a long time -- now as Obama pulls back and we go off into the sunset and watch China and Russia rise, what will happen? Does the world really not need us? Will democracy survive?

I have to wonder. Even the EU is getting too far out from democracy, at its federal level.
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Re: Corp profits at new high, wages all time low

Unread postby Plantagenet » Fri 21 Feb 2014, 18:53:12

British paper has a nice article on the Obamaville homeless camp outside of Baltimore.

Baltimore's Obamaville homeless camp-people-woods-Inside-hidden-homeless-camps-milk-crates-wooden-doors-tarps-outskirts-town

Once people have been closed out of the workforce for a few years, its pretty hard for them to get back on track. All the charts and data showing the still-shrinking percentage of Americans still in the workforce during the last five years translates into impoverished and ruined lives for millions of American workers.
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Re: Corp profits at new high, wages all time low

Unread postby Sixstrings » Fri 21 Feb 2014, 19:28:13

$this->bbcode_second_pass_quote('Plantagenet', 'O')nce people have been closed out of the workforce for a few years, its pretty hard for them to get back on track. All the charts and data showing the still-shrinking percentage of Americans still in the workforce during the last five years translates into impoverished and ruined lives for millions of American workers.


Yes, it's very serious.

But you and me disagree on domestic policy. I say the rich need to be taxed. And that's where the Brits are coming from too. First of all, the british papers have always run stories like this about the US, it makes them feel superior.

A British consul once called Florida housing projects "like the third world." You see, Brits have housing councils where everyone gets a pretty much decent apartment and it's not as bad as our ghetto projects.

So the British angle on a story like the above is to make Brits feel good that this sort of thing isn't possible in their country.

US has improved on public housing quality, but less quantity -- the newer projects actually look like regular market apartments, but there's not enough of them, money was cut back and we have so many more poor now. So, ergo, people living in the woods like that.

Will you be voting for R next time around, Plant? Or 3rd party / independent?

Personally, I don't agree with Republicans domestically, but something is not working here. I'm really losing faith in Obama, and Democrats. I know that the same old Reagan ideas on domestic policy isn't going to work and will make it worse. Yet, what we're doing ain't working either. Obama has had 8 years.

I may really have to vote R next time, just on the theory that change may actually bring positive change. Maybe business would loosen up with spending and expand, just electing a R in there and them having the House too.

D's need to stop acting like R's, and give us a liberal populist plan to fix the economy, to get my vote again. If they are just going to act like R's anyway then I may as well vote for a real Republican and end the gridlock and maybe that would be some change -- I have to admit that things are not working out in this country.

It will certainly help matters, getting my vote, if R's do a "compassionate conservative" thing again. I'm already with them on foreign policy, so put somebody up there with a good domestic plan that's not just tax cuts for the rich, and I really will consider voting R.
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