On Dec 27, 10:13*am, Deep Dudu wrote:

So what exactly is your point?

that the rich are getting richer while the middle class is getting
poorer, and at present rate soon there will be no middle class, but of
course that is what your wealthy masters want.

I doubt if anyone really wants such a large division between the rich
and poor. It is a sign of our times. Physical labor is not worth
what it was. Too many jobs are easily automated. There is just
little demand for machinists. That is not the Democrats or Republicans
fault.

So to have a good job you need a first rate education. And if you
have one, you are paid well. If you do not have a first rate
education, you are in a group with a lot of people. So there is a lot
of supply, but not much demand.

Is there a solution? I do not see one. Unions can have some effect
on wages, but it is really limited and only affects a relatively small
group of people. Too many people that are willing to work for less
than union wages.

Should you reduce the wages of those with super skills? That will
reduce the supply of personnel with super skills, but will not affect
the demand.

And you have to consider this to be a global economy. Ships,
airplanes, and fiber optics have changed the landscape.

Dan

wrote:

Should you reduce the wages of those with super skills? ...

No, you should reduce the wages and pork barrel spending of the
politicians and unelected bureaucrats.

Get them out of the way, and stop their thieving ways, and the
economy will take care of itself.

Duh.
Rich

On 12/27/2010 10:18 AM, Rich Grise wrote:
wrote:

Should you reduce the wages of those with super skills? ...

No, you should reduce the wages and pork barrel spending of the
politicians and unelected bureaucrats.

Get them out of the way, and stop their thieving ways, and the
economy will take care of itself.

Duh.

Talk about Duh. That's just the kind of thinking that got us into this
mess in the first place. Leave the economy alone and let the market
decide everything. So how'd that work for us? They call it the great
recession. Want another one, or even worse? Then let the economy take
care of itself.

Hawke

On Mon, 27 Dec 2010 22:14:30 -0800, Hawke
wrote:

On 12/27/2010 10:18 AM, Rich Grise wrote:
wrote:

Should you reduce the wages of those with super skills? ...

No, you should reduce the wages and pork barrel spending of the
politicians and unelected bureaucrats.

Get them out of the way, and stop their thieving ways, and the
economy will take care of itself.

Duh.

Talk about Duh. That's just the kind of thinking that got us into this
mess in the first place. Leave the economy alone and let the market
decide everything. So how'd that work for us? They call it the great
recession. Want another one, or even worse? Then let the economy take
care of itself.

Hawke
=============
Actually this may work out better than you think, if it was
ever tried.

The problem is that the first things corporations do are to
set up barriers to entry in their fields under the guise of
protecting the public, and then use the government to insure
they make a profit. To be sure things sometimes become just
too rotten to save such as GM, Chrysler, Enron, Lehman and
Bear Sterns, but as a rule the special treatment and
subsidies such as ethanol go on for ever.


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).