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It's all about good wages.

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  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dutch said and I condensed:

    "Chet, sorry to say, as I said all along; good wages are coupled to plenty of other things;good wages on itself is not an issue. Therefore bringing it up all the time does not affect or change the world we live in. In any society there are poor and rich."

    The point being missed which I think is eluding you is that prosperity brings peace. Good paying jobs can only be created by revolution of selling products, an economy. All the complaints you have can be resolved by good paying jobs. Good paying jobs create tax revenue. Good paying jobs are dependent on money being invested in jobs producing ventures. That would require an overhaul in Wall Street laws and reinstituting a progressive income tax that encourages high velocity in money and discouraged stagnatiting money. Simply put good paying jobs is the path to world peace.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Committee Democrats Push Policies to Address Wage Stagnation, Income Inequality06.21.18

    pointed to protracted wage stagnation – which has continued despite a continuing decline in the unemployment rate – as a sign that markets alone will not solve the problem of stagnant wages, and that labor market institutions are failing to protect workers.

    democrats-edworkforce.house.gov/media/p...

  • Independent
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    Well, yes and no.

    It is about not just inequality as a whole but who gets to participate. I am a believer in capital always seeking to suppress wages as the scramble to adjust to declining profit via mergers/acquisitions and the layoffs that inevitably occur. The so-called unemployment numbers have been skewed for decades and thus mean much less than people realize. Inflation has all but eliminated gdp growth as well as any documented wage growth due to being eaten by increased prices.

    All of that being said we note that capital, particularly white capital, will utilize racism to keep poor whites at odds with poor minorities. This is well documented. So peace for whites does not arbitrarily translate to peace for all. As usual it is more complex. Trump utilizes race to keep his base happy while alternating between taunting minorities and patronizing them. Not much peace there.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    lonely bird, What do you think about my assertion that the CFMA and other laws and repealings that deregulate and extend immunity from oversight have contributed to shifting 100s of billions of dollars away from jobs investing into pure gambling. The futures derivatives are simply non productive entities that stagnate money. Support for my assertions comes in the form of increased employment with no wage increases with a DOW over 25000.

    Plus the longest running bull market in history.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Coincidentally to the passage of the CFMA the number of billionaires in the USA went from 49 in 1999 to 243 in 2000.
  • Independent
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    Chet Ruminski Wrote:

    lonely bird, What do you think about my assertion that the CFMA and other laws and repealings that deregulate and extend immunity from oversight have contributed to shifting 100s of billions of dollars away from jobs investing into pure gambling. The futures derivatives are simply non productive entities that stagnate money. Support for my assertions comes in the form of increased employment with no wage increases with a DOW over 25000.

    Plus the longest running bull market in history.

    There is investing and there is "investing." Investing in start-ups, supplying cash to companies with good ideas that need help getting their legs under them is a good idea. It is risky but a good idea. Any other "investing" is simply placing a bet. Somebody buys stock from somebody else because they think it will go up. They are merely betting and not really investing. The main problem lies in how capital controls distribution through financialization. the CEO/management class is incentivized to suppress wages and layoff workers. When demand does rise the incentivization occurs in the form of not hiring enough workers under the idiocy of "do more with less" and "rightsizing". Personally, until and unless capital is brought back by reembedding the economy in social relations we will continue to see much brouhaha over statistics that point out how wonderful things are while ignoring those things the statistics ignore.

    I happened to hear a guy call into Them Hartmann yesterday saying that Trump's tax cuts have stimulated the economy and resulted in much lower unemployment numbers. Such is the impact of statistics. Trump's tax cuts did nothing and unemployment numbers were going down anyway. That those numbers are and have been skewed for decades means nothing when the economy is looked at as a "thing" which it is not.