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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious.
Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action.
Roe
Profile Blog Joined June 2010
Canada6002 Posts
September 10 2013 17:12 GMT
#8341
This discussion is already diseased because of the terminology you guys are using. "Success", "unreasonable hate engine", "Workers". The language is so vague and parabolic that nothing meaningful can come of it.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
Last Edited: 2013-09-10 17:33:01
September 10 2013 17:32 GMT
#8342
On September 11 2013 01:55 aksfjh wrote:
Show nested quote +
On September 11 2013 01:13 JonnyBNoHo wrote:
On September 10 2013 23:13 aksfjh wrote:
On September 10 2013 07:30 JonnyBNoHo wrote:
"Breaking Down the Falling Labor Share of U.S. Income"

Link

Good blog post for those interested on the topic. The TLDR:

Labor's share of income in the US and elsewhere is falling. The culprits are a sluggish economy, globalization, new technology, the imputed value of home ownership and faster depreciation cycles. Corporate profits are a factor too, depending on what time frame you are looking at.

Just going with the breakdown due to limited time to read:

Has the economy been sluggish since ~1990? If I'm not mistaken, that's when capital started noticeably jumping ahead of labor. Globalization is nothing new, and we've had some form of it since the 1600s. Why didn't the 50s, 60s, and 70s, breed the same level of inequality? How is this era of those "culprits," that we find in all other eras since 1850, different?

About the only difference is the importance of home ownership, but even that seems dubious. I can't see the justification that these are market forces alone that have caused this gap to widen.

Going off the chart that's given, there was some volatility in the 90's but labor's share didn't fall over that decade, it rose.
+ Show Spoiler +
[image loading]


This isn't about inequality, it's about labor's share of income (labor can earn min wage or a $100mm salary). Regardless, globalization wasn't as powerful a force back in the 50's or whenever. It used to be much more expensive to ship goods and services over seas and many big economies like China and India were closed to the US. Because of that and new technology workers have a lot less bargaining power - an employer can say no to a pay raise and ship the job over seas or automate the job.

I meant the inequality between labor and capital, not "income." It was probably the wrong use.

Globalization in the 60s and 70s was stronger than in the 1900s-30s, as there were fewer tariffs and wars obstructing trade. Not to mention the widespread use of air travel, creating a new method of transporting goods, services, and people abroad.

Well in the 60s and 70s you also had half the world cut off because of the cold war. Trading services was also much more difficult until the past couple decades when communication went global.
On September 11 2013 02:12 Roe wrote:
This discussion is already diseased because of the terminology you guys are using. "Success", "unreasonable hate engine", "Workers". The language is so vague and parabolic that nothing meaningful can come of it.

ofc, read the title of the thread
DoubleReed
Profile Blog Joined September 2010
United States4130 Posts
September 10 2013 17:45 GMT
#8343
Workers is actually pretty well defined.

He's defining success as making shit tons of cash, which is bizarre. The American Dream used to be a kind of modest middle class lifestyle, but nowadays Republicans act like anyone who wants that is another loser. Suddenly only cash matters. Just look at their attitude toward teachers, which is a perfectly respectable profession. Yet they treat them like scum.

High Skilled senior workers are oftentimes total badasses. They are absolute rock stars in what they do. And they make good money, but not as much as people who's primary skill is having lots of capital. Workers are the ones that actually do things.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 17:49 GMT
#8344
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 17:51 GMT
#8345
labor is the source of value? That sounds like something a dangerous radical would say. Like, you know, adam smith or david ricardo
shikata ga nai
DoubleReed
Profile Blog Joined September 2010
United States4130 Posts
September 10 2013 18:00 GMT
#8346
On September 11 2013 02:49 JonnyBNoHo wrote:
Show nested quote +
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 18:03 GMT
#8347
the democrats are just neoliberals like republicans they barely even pass as social democrats these days. They mostly exist to pass laws written by republicans as far as I can tell
shikata ga nai
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:08 GMT
#8348
On September 11 2013 03:00 DoubleReed wrote:
Show nested quote +
On September 11 2013 02:49 JonnyBNoHo wrote:
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?

You wrote "one particular side of politics" to which I responded. If you don't want me to respond to such phrases, don't make them. If you meant something other than "Republicans" by "one side" than you should have done a better job defining what you meant.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:11 GMT
#8349
On September 11 2013 03:03 sam!zdat wrote:
the democrats are just neoliberals like republicans they barely even pass as social democrats these days. They mostly exist to pass laws written by republicans as far as I can tell

The more I learn the more I don't see any reason why the left shouldn't be using the neoliberal tool kit.
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 18:18 GMT
#8350
lol, because then it's not 'the left', it's just neoliberals

who are you, margaret thatcher?
shikata ga nai
DoubleReed
Profile Blog Joined September 2010
United States4130 Posts
September 10 2013 18:21 GMT
#8351
On September 11 2013 03:08 JonnyBNoHo wrote:
Show nested quote +
On September 11 2013 03:00 DoubleReed wrote:
On September 11 2013 02:49 JonnyBNoHo wrote:
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?

You wrote "one particular side of politics" to which I responded. If you don't want me to respond to such phrases, don't make them. If you meant something other than "Republicans" by "one side" than you should have done a better job defining what you meant.


Nah you read me fine.

But saying that Democrats aren't stepping up to defend them is simply not relevant. You're not disagreeing that Republicans are doing that, and I don't think you're accusing democrats as doing the same thing, so there's no problem.

I just get the impression that you instinctively try to equivocate for some reason.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:22 GMT
#8352
On September 11 2013 03:18 sam!zdat wrote:
lol, because then it's not 'the left', it's just neoliberals

who are you, margaret thatcher?

By "the left" I mean anyone outside of the political system too. So any Marxists out there included.
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 18:25 GMT
#8353
so how would neoliberalism help me, on your view?
shikata ga nai
Mohdoo
Profile Joined August 2007
United States15743 Posts
September 10 2013 18:25 GMT
#8354
WP Obama. He intimidated Syria into submission without any need for attacking.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:25 GMT
#8355
On September 11 2013 03:21 DoubleReed wrote:
Show nested quote +
On September 11 2013 03:08 JonnyBNoHo wrote:
On September 11 2013 03:00 DoubleReed wrote:
On September 11 2013 02:49 JonnyBNoHo wrote:
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?

You wrote "one particular side of politics" to which I responded. If you don't want me to respond to such phrases, don't make them. If you meant something other than "Republicans" by "one side" than you should have done a better job defining what you meant.


Nah you read me fine.

But saying that Democrats aren't stepping up to defend them is simply not relevant. You're not disagreeing that Republicans are doing that, and I don't think you're accusing democrats as doing the same thing, so there's no problem.

I just get the impression that you instinctively try to equivocate for some reason.

Well as I said in my original reply to Farv's post on "inclusive capitalism", both Dems and Reps are opposed for different reasons. I see the right as indifferent and the left as fearful, more or less.

I'm not trying to "equivocate" I'm trying to ensure that both sides of the issue are presented so that the discussion can progress beyond "those guys are the bad guys."
DoubleReed
Profile Blog Joined September 2010
United States4130 Posts
Last Edited: 2013-09-10 18:30:29
September 10 2013 18:28 GMT
#8356
On September 11 2013 03:25 JonnyBNoHo wrote:
Show nested quote +
On September 11 2013 03:21 DoubleReed wrote:
On September 11 2013 03:08 JonnyBNoHo wrote:
On September 11 2013 03:00 DoubleReed wrote:
On September 11 2013 02:49 JonnyBNoHo wrote:
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?

You wrote "one particular side of politics" to which I responded. If you don't want me to respond to such phrases, don't make them. If you meant something other than "Republicans" by "one side" than you should have done a better job defining what you meant.


Nah you read me fine.

But saying that Democrats aren't stepping up to defend them is simply not relevant. You're not disagreeing that Republicans are doing that, and I don't think you're accusing democrats as doing the same thing, so there's no problem.

I just get the impression that you instinctively try to equivocate for some reason.

Well as I said in my original reply to Farv's post on "inclusive capitalism", both Dems and Reps are opposed for different reasons. I see the right as indifferent and the left as fearful, more or less.

I'm not trying to "equivocate" I'm trying to ensure that both sides of the issue are presented so that the discussion can progress beyond "those guys are the bad guys."


But those guys ARE the bad guys!!
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 18:34 GMT
#8357
jonny doesn't believe in bad guys, just nice people who have a little misunderstanding. I'm sure if they could just talk it out they would all get along.

he's like habermas without the big words
shikata ga nai
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:35 GMT
#8358
On September 11 2013 03:25 sam!zdat wrote:
so how would neoliberalism help me, on your view?

Take the stuff they are built on (markets, financial securities, etc) and use them as the building blocks to create the social structure that you want.

Ex. if you want the workers to own the means of production do it through a modern corporate structure.
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
September 10 2013 18:37 GMT
#8359
On September 11 2013 03:28 DoubleReed wrote:
Show nested quote +
On September 11 2013 03:25 JonnyBNoHo wrote:
On September 11 2013 03:21 DoubleReed wrote:
On September 11 2013 03:08 JonnyBNoHo wrote:
On September 11 2013 03:00 DoubleReed wrote:
On September 11 2013 02:49 JonnyBNoHo wrote:
On September 11 2013 01:52 DoubleReed wrote:
How is that not about inequality? It says that people with capital are taking larger and larger shares of income. It only went up in the late 90s.

It goes along with how workers are completely denigrated by one particular side of our politics right now. Less money and less respect for the middle class. More veneration of the 1%.

"people with capital" doesn't have to be the rich. See Farvacola's post on the "inclusive capitalism" article and the discussion around it.

To your second point, I don't see Democrats stepping up to the plate in this regard. They've been avoiding attempts to put more assets in the hands of the middle class. They've been focused on traditional divisions of labor and capital with the middle class being classified as part of the former.


Well, have you checked if democrats are stepping up? Because defending workers and being reasonable often doesn't get press.

And I don't quite know how that's relevant. Democrats are corrupt as hell. At least they're not actively insulting and degrading the middle class. Once again, your centrism is absolutely relentless. Are you capable of not immediately equivocating in a discussion?

You wrote "one particular side of politics" to which I responded. If you don't want me to respond to such phrases, don't make them. If you meant something other than "Republicans" by "one side" than you should have done a better job defining what you meant.


Nah you read me fine.

But saying that Democrats aren't stepping up to defend them is simply not relevant. You're not disagreeing that Republicans are doing that, and I don't think you're accusing democrats as doing the same thing, so there's no problem.

I just get the impression that you instinctively try to equivocate for some reason.

Well as I said in my original reply to Farv's post on "inclusive capitalism", both Dems and Reps are opposed for different reasons. I see the right as indifferent and the left as fearful, more or less.

I'm not trying to "equivocate" I'm trying to ensure that both sides of the issue are presented so that the discussion can progress beyond "those guys are the bad guys."


But those guys ARE the bad guys!!

Are they the only bad guys? Killing off one gang of bad guys just gives victory to the other gang of bad guys

You gotta divide and conquer!
sam!zdat
Profile Blog Joined October 2010
United States5559 Posts
September 10 2013 18:41 GMT
#8360
On September 11 2013 03:35 JonnyBNoHo wrote:
Show nested quote +
On September 11 2013 03:25 sam!zdat wrote:
so how would neoliberalism help me, on your view?

Take the stuff they are built on (markets, financial securities, etc) and use them as the building blocks to create the social structure that you want.

Ex. if you want the workers to own the means of production do it through a modern corporate structure.


we don't have the same notion of what 'neoliberalism' is.

but yeah when I start my cult it's gonna be a corporation, only way to get any respect these days
shikata ga nai
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