Re: The Company Store
posted at 11/3/2013 7:32 AM EST
In response to miscricket's comment:
In response to portfolio1's comment:
You really think companies are suppressing wages?sigh.
it's the economy, stupid.
(the above is a quote from none other than Bill Clinton)
wages at a all time low/corporate profits at all time high?
fixing the economy addresses both. But, don't expect progressives to recognize that the problem is government when it comes to the economy. The general progressive view is anything the government does is good. How else can you explain their blind support of this economy crippling thing we call Obamacare?
progressives need to open their eyes, their ideas about employment, the economy, and how to help people simply don't work. You progressives need to abandon you lock step support for these things before it is too late.
See, this is where your complete lack of understanding how capitalism and free markets work just comes right out.
Companies always want to "supress" wages. It is a natural and understandable thing. Problems arise when employers have enough political clout to reduce employees to indentured servants OR when employees have so much political clout that they are able to critically reduce the competativeness of companies.
Your lack of understanding anything more than 2nd grade economics means your ideas are juvenile. But worse, your rediculous parrotting of "the liberals this" and "the liberals that" is a reflection of scapegoating as a philosophy. More than sad. It is sick.
Really..just excellent points. Usually when it's the economy as a whole everyone is sharing the burden. In this case, big corporations are not sharing the burden. Record profits and all time low wages? That's not the blame of the economy..or ACA etc..that's the blame of corporations who set the wages. What part of record profits does skeeter not comprehend.?
What should also be noted here is that this error or record profits is also accompanied by an era where unions are at their weakest. Now..before some of you have a fit..I don't necessarily agree with a lot of pro-union agendas..but they serve a purpose in society. When unions have stronger political political clout than corporations, all workers benefit..not just those who belong to unions. It's no coincidence that we see all these factors at play here.
I think as we go further..the devastating ramifications of the Supreme Court decision to consider corporations the same as people..essentially affirming that money equals speech...are going to become clearer and clearer and perhaps will end up being the biggest threat to our democracy..let alone our economy.
Really...completely wrong, economically.
what you are expressions is a political viewpoint, disguised as economics. It is legitimate to have this pro-union viewpoint, but it is illegitimate to claim it is the natural economic behavior of the market. Economically, union support for various wages, executed through the political realm, I.e. Nothing economic about it, eliminates competition, politically, artificial constraint on the market.
To show how it is not an issue of economics, but politics: by your view point, a company would reject my offer to work at, say, ten dollars an hour, because I earn them, say fifteen dollars an hour. Similarly, a company would reject my offer to work on their legal staff for, say, 200 dollars an hour, even if I earn them 500 an hour in economic value, right?
how silly is what you are supposing.
why would a company reject such offers?
because I am willing to create fifteen dollars of value, and only charge the company nine dollars. It is a more economically efficient transaction, no suppression going on.
but, suppose you wanted to use the economy to raise wages. How would one do it? Create a scarcity of labor. a strong economy creates a scarcity of labor. Look at what is happening in North Dakota for example. Do you think flipping burgers really pays 15 dollars an hour because of labor laws, or a scarcity of labor?