GOP / Capitalism's 2 Class System....Read it and WEEP !

[Dog Wonder]

Take the miles.

 

[Ms Tree]

What is so great about a country that eats lutefisk?

Every culture has foods that are unique to their heritage. Every now and then I catch Bizarre foods. Lutefish is one of the more 'normal' foods.

 

[delldude]

We are not affluent? I thought we had some decent natural resources I guess I was wrong.

I always thought the US was based on the ablility of people to try and make things better. Perhaps these women should have just been happy and not done anything to try and improve the US. I am terribaly sorry that I have a different perspective on things than you do. I was not aware that your POV was the only authoirized one and the rest of us poor slobs were hoplessly misguided.

By the way, I got some miles for you to.

China. Not really sure I would classify them as capitalist but what ever. Kind of hard to be capitalists when you have a authoritarian government.

Someone should show you the way......yes they are Communists but are at the same time reeling in the bucko's through a capitalist manufacturing surge.
You can define it as otherwise? LOL

You are as ignorant of the Chinese and their use of capitalism as you are of self defense law.

Hey Tree....suck on this:

http://www.cato.org/policy-report/januaryfebruary-2013/how-china-became-capitalist

 

[NewHampshire Black Bears]

Someone should show you the way......yes they are Communists but are at the same time reeling in the bucko's through a capitalist manufacturing surge.
You can define it as otherwise? LOL

You are as ignorant of the Chinese and their use of capitalism as you are of self defense law.

Hey Tree....suck on this:

http://www.cato.org/policy-report/januaryfebruary-2013/how-china-became-capitalist

D-dude.
I dunno'. In the CATO link, and in the conclusion / summary (last) section, it said;

" China is NO LONGER Communist, except in name only " ???????

 

[NewHampshire Black Bears]

Of course Norway is affluent. They're sitting on top of massive natural gas and oil reserves, and are one of the top 10 oil producing countries...

I'll gladly donate miles for a one way trip for both Bears and Tree. They both seem so unhappy with our society.

You want to see a two class system and capitalism at work? Go to China.

What constitutes poverty level in the US is considered middle class over there....

OH,...look everyone,...there goes EOLESEN 'tub-thumping' our GREAT society....A G A I N.
Is the US better than IRAN, or Burma and/or China. Of course it is.
BUT,
OUR.......'shining LIGHT/STAR on the hill', ain't shining so Bright lately.
We are NOT # 1, or 2...in Health, Wealth, Education,......in Fact, minus our # 1 Military, we leave a lot to be desired !
Only a Fool couldn't see it.

AH, the old truism of........" Beware the religious fanatic / and BLIND PATRIOT " !
(sound Familiar Eric) ???

 

[Knotbuyinit]

I agree that manufacturing jobs have decreased. Many, of not most of those will be gone until the Chinese/Indian, etc., workers realize that they can get more pay for their labor.

Whenever the cost of making the goods in those countries equals the USA, the jobs will come back.

I see that you went back to 1960 and chose only manufacturing. And your point is valid and alarming at the same time.

However, If you look at government employment as a percentage of population, you will see a different picture.

View attachment 9865

"Total government (i.e., the sum of state, local, and federal) employment has decreased by over 580,000 jobs since the end of the recession, the largest decrease in any sector since the recovery began in July 2009. State and local governments, faced with tough choices imposed by the confluence of balanced-budget requirements, falling tax revenues, and greater demand for public services, have been forced to lay off teachers, police officers, and other workers.

In order to look at specific occupations, it is necessary to turn to the Current Population Survey; the below table uses the data to assess the occupations where some of the key reductions in the public-sector workforce occurred. In raw numbers, the largest cuts were to teachers, but of these occupations, the largest percentage decline was among emergency responders."

"The Long-Run Impact of the Reduction in Public Employment

Of course, it is always critical for governments to assess whether taxpayers' money is being well-spent. It also goes without saying that many public sector employees provide health care, maintain state and local infrastructure, provide protective services, and help educate the next generation of workers.

One area where there is a sound body of literature to draw upon is the returns to education – specifically, the impact of class-size on student achievement and lifetime earnings. Drawing on this evidence, we quantify the impact of reductions in the number of public school teachers on our country's future.

In 2011 there were over 220,000 fewer teachers in America's classrooms than in 2009, a reduction accounting for nearly forty percent of the decrease in public-sector jobs during this period. This decline in the number of teachers increased the student-teacher ratio by 5.9 percent.

To determine the consequences of these reductions, we assumed that class-size increases were applied equally across all grades in K-12 schools. We then drew from recent research that links future earnings with class size to assess the wage impacts for today's children, when they become working-age adults.1 All of this is explained in more detail here, but the bottom line is that this research suggests that the Great Recession will live on for decades through the lower future wages for our children.

Of course, an important test for the efficiency of government spending is whether the benefits exceed the costs. The savings from these cuts, in terms of teacher salaries and benefits, are $11.8 billion per year nationwide. While a significant figure, it is substantially smaller than the estimated present value in foregone earnings of $49.3 billion dollars for the children, whose education is affected by larger class sizes. To put a fine point on these findings, this translates into a per-student, per-year loss of nearly $1,000 in future earnings. In summary, the foregone benefits are more than four times larger than the current budget savings!


..."The Short-Run Consequences of Government Layoffs

In the short term, reducing government employment, particularly during recessions, adds workers directly to the unemployment rolls. In addition, fewer workers translates into fewer paychecks, which dampens consumption and further spreads through the economy, magnifying the effects of the recession.

To examine the direct consequences of lower government employment, consider the case in which employment had hewed to its historical level. Between 2001 and 2007, the average ratio of government employment to population was 9.7 percent. Had that share remained steady, government employment would have been more than 23.6 million in June 2012 as compared to its actual level of 21.9 million. That is, employment would be 1.7 million jobs higher today if the share had remained constant, and the unemployment rate would be 7.1 percent instead of the current rate of 8.2 percent"

http://www.brookings...eenstone-looney

I think using “government employment to population” data distorts the significant changes in “total employment to population” ratios over those 33 years. You get a very different picture when you look at government employment relative to private sector employment and government employment divided by private employment:

Now you see that during the recession, as private sector employment declined government continued to climb at historic high rates. Then you see that as government employment declined, the private sector is still trying to climb back to where they were. The ratio of government to private employment remains well above its pre-recession level and far above its average for the decade before the recession. Return to economic normalcy is not being thwarted by the reduction of government employment; it’s being thwarted by the very slow recovery of private sector employment from the deep low point.

 

[Knotbuyinit]

Why is fiscal pressure driving the reduction of government worker, teachers, police and EMT’s? Using the Employment Cost Index (see charts below) you can compare the government sector to the private sector and see that government workers have been keeping their pay increases while private sector workers have seen their pay restrained. A recession reduces nominal income to both government and businesses which reduces employment to the extent that wages don’t fall. . . “sticky wages” cause unemployment.

Perhaps instead of simply lamenting that financial constraints are causing the cut of government jobs, we should make the positive recommendation that government workers adopt the wage flexibility of private sector workers to save government jobs.

When the question arises for a union membership vote, “Should we all take a 5% pay cut to save all our jobs, or keep all our pay and lay off the 5% of our most junior members", the vote is almost always for the former by a ratio approaching 95-5. Teachers unions are not known for being the exception to this rule.

 

[NewHampshire Black Bears]

Last one..'IN the door'......(is, in lean times)...First one.."Out the door" !

Seniority IS the Holy Grail.
OH,
and it IS a fair system !

Check your many files and research outlets, and let us know when was the Last Time that the West Coast Dock workers..........................GAVE BACK.....Any of thier long hard ...fought for hourly rates of pay !

You NEVER Give Back...Cash (hourly wage) to "The Man",........Never .
You may start to contribute to your Medical,...or you 'might' take a pay freeze,.......BUT,............N E V E R GIVE Back Pay !

 

[eolesen]

China. Not really sure I would classify them as capitalist but what ever. Kind of hard to be capitalists when you have a authoritarian government.

Have you been there lately? In 2004, the constitution was modified to finally protect private property, capital, and assets...

So now there are shopping malls everywhere, and they're busy. The days of the friendship and foreigners' only stores, long gone.

Sure, the government is authoritarian when they want to be, but they also figured out that a 15% tax is better than owning all the businesses.

 

[Ms Tree]

So since they have an Constitution everything is good and the Chinese government respects it? Anyone can start any business they want? I know they have the corruption and graft part down but there is more to capitalism than that.

 

[Knotbuyinit]

Last one..'IN the door'......(is, in lean times)...First one.."Out the door" !

Seniority IS the Holy Grail.
OH,
and it IS a fair system !

Check your many files and research outlets, and let us know when was the Last Time that the West Coast Dock workers..........................GAVE BACK.....Any of thier long hard ...fought for hourly rates of pay !

You NEVER Give Back...Cash (hourly wage) to "The Man",........Never .
You may start to contribute to your Medical,...or you 'might' take a pay freeze,.......BUT,............N E V E R GIVE Back Pay !

Oh I get it, a union is more about seniority and less about solidarity. The rest of your story is a lie but I'll let you do the research.

 

[delldude]

Last one..'IN the door'......(is, in lean times)...First one.."Out the door" !

Seniority IS the Holy Grail.
OH,
and it IS a fair system !

Check your many files and research outlets, and let us know when was the Last Time that the West Coast Dock workers..........................GAVE BACK.....Any of thier long hard ...fought for hourly rates of pay !

You NEVER Give Back...Cash (hourly wage) to "The Man",........Never .
You may start to contribute to your Medical,...or you 'might' take a pay freeze,.......BUT,............N E V E R GIVE Back Pay !

How about seniority with a job performance rating?

 

[eolesen]

Anyone can start any business they want? I know they have the corruption and graft part down but there is more to capitalism than that.

Starting up "any" type of business is a problem in the capitalist countries as well. Are there any topless drive-thru liquor stores in downtown Arlington? How many building supply (i.e. lumber and rock) stores are there at Northeast Mall? Are there any sex shops in Hurst?

Opening up a topless drive-thru beer/liquor shop in Beijing or Shanghai might pose a problem, but they do have sex shops -- there were several near one of our client sites. There's something universal about airport workers and those kinds of businesses.

As I said earlier, they see taxing private enterprise as a more sustainable model than the collectives and SOE's were proving to be. They had a front row view to the Soviet Union's economic collapse. And I'm sure Mao is spinning in his cremation urn.

But, since you didn't answer the question, I'll assume you think everyone in China is still riding bicycles and wearing Mao jackets...

 

[Ms Tree]

You can assume the moon is made of cheese if it floats your boat.

I am quite aware there are haves and have nots in China. The later far out numbering the former. Considering that most counties in Texas do not allow me to buy spirits before noon, I think a topless anything would be out of the question. Should a local community somewhere in the US decide to allow that The Fed will not intervene. Given that there are topless/nude establishments through out the US I fail to see how your analogy stands up.

Yes starting up a business in a capitalist country is challenging. Opening one up in and authoritarian dictatorship is even more difficult. How many CEO's has the US executed lately?

 

[ChockJockey]

But, since you didn't answer the question, I'll assume you think everyone in China is still riding bicycles and wearing Mao jackets...

No, they're sitting in gridlock traffic, breathing the most polluted air on the planet while officials they don't get to vote for determine how life in their country is to be lived. Any good capitalist with no interest for democracy or human rights should love China.