Yay Capitalism

[edgray]

Interesting little graph I came across. Another yay capitalism moment.

 

[Azazel]

 

[BornReady]

I'm curious if this chart is adjusted for inflation. If not, then the highest 1% have just barely managed to stay up with inflation assuming 3.5% inflation over the last 30 years.

 

[All Else Failed]

This happens in other economic models, btw.

 

[Accountable]

What country is that?

 

[edgray]

I'm curious if this chart is adjusted for inflation. If not, then the highest 1% have just barely managed to stay up with inflation assuming 3.5% inflation over the last 30 years.

I'm unsure on the maths behind that. Can you write your working out down?

This happens in other economic models, btw.

It's a result of all economic models I would guess, though it seems stronger in some, less so in others. I'm looking for more varied statistics on this to see.

What country is that?

This is the US, I'm also looking for more info on other countries, I'm trying to build a global picture.

 

[Minor Axis]

Where the Jobs Aren't- Time Magazine.

The truth is that the decline in jobs is a result of megatrends including the growth of technology and the rise of globalization. Neither of these is going away. U.S. companies have become more profitable than ever in the past two years even as unemployment has grown. That's because they've been able to tap an emerging global middle class in China, Brazil, India and elsewhere, both as consumers and lower-cost workers. This, along with the hyperefficiencies produced by technology, has allowed businesses to generate record revenues and profits while shedding record numbers of workers. Company after company is hiring outside the U.S. and firing in the U.S. — IBM has more workers outside America than in it — and that won't change

These structural issues will not go away simply because the Fed pumps more money into the financial system or Washington spends more in the form of tax cuts or stimulus. Other countries facing structural unemployment came to understand that the only way to manage a structural decline without having the social fabric unravel is first to admit it exists and then work on ways to solve it. Because Americans deny the structural issue is possible, the problem is dealt with piecemeal through endlessly extending supposedly temporary unemployment benefits that not only are costly (about $60 billion a year) but also, because they are labeled as temporary, generate anxiety.

My take, in the U.S., U.S. Corporation are fucking over U.S. workers. The government run by Democrats tries to fix it with stimulus which will not correct a STRUCTURAL problem, ie, jobs being shipped out of the country by our fucking back stabbing corporations in many cases run by back stabbing Americans.

And the Republicans sit there and lambaste the 'stimulus' but do they offer any other real and possibly effective solutions? Hell no.

Who is being fucked coming and going? Workers that is who. If you want to see the problem with capitalism, look no further.
I apologize for the extreme language.