-- But sadly, we can't even get the GOP to fix what we already have --
That is the most incredible thought I've run across in a long time. In a country that runs on high-octane self delusion and lies in just about every area, your conclusion is that where infrastructure maintenance is concerned all problems are due to partisan GOP intransigence.
The reason for that graph is to show the rate of change, or slope. The rate of change is greater and why it does cross. Maybe I should simply create a differential graph showing the rate of change on the same scale so it is realized the point.
Overall, this summary is good. However, your use of different scales on the same plot leads a nonsensical statement in at least one case. You say: "Below is a graph of those not in the labor force, (maroon, scale on the left), against the noninstitutional civilian population (blue, scale on the right). Notice how those not in the labor force crosses the noninstitutional civilian population in growth ...". But the two scales differ by almost a factor of three! To speak of how one curve "crosses" the other is meaningless, since neither plot has an origin of zero AND they have different scales. The relative rate of growth those not in the labor force (as a percentage of those previously not in the labor force) is increasing faster than the size of the noninstitutional civilian population, but that's about as much as you can say with the plot you are referring to.
China already has the world’s largest building (the New Century Global Center) and soon will have the world's tallest building --- Sky City (at 2,749 feet in the southern Chinese city of Changsha) was set to be completed in 2014. The country’s tallest skyscraper (Shanghai Tower) has just been topped out and will be completed in 2015. China also has the world's tallest dams and the world’s fastest bullet train, the Shanghai Maglev. Now the country has the world’s longest cable-stayed bridge as well --- the Jiashao Bridge, which just opened recently.
But sadly, we can't even get the GOP to fix what we already have.
"Conservatives believe the economy functions better if the rich have more money and everyone else has less."
Ummm... no. Conservatives believe that wealth isn't zero-sum, and the economy functions better when everyone has more of it... or rather, the inverse: when the economy functions better, everyone has more.
You'd only fail to appreciate the conservative position if you, yourself, believed in zero sum economics, and on that bases thought that everyone else did too. But we don't. Sorry.
We believe that wealth is subjectively defined, and thus in a voluntary transaction, both parties believe their situation subjectively improved, resulting in a net gain in wealth, and thereby the zero-sum bounds are broken.
bud, the labor force is simply an addtion of the employed and unemployed; not in the labor force is everyone else over 16, including those who didnt look for in the 30 days prior to the survey...the over 16 population increases about 200,000 to 220,000 each month...you can see how these numbers add up here: http://www.bls.gov/news.release/empsit.a.htm
the sources of the August income increase are innumerated in my second paragraph...this was an unusual month in that wages were the primary driver; for many months this year, wage increases have been less than increases in rental income & income on assets..
Glad to see this useful, it's a lot of information and I've been wondering how to modify and shorten, just to focus in on a couple of elements in the release.
Employers are complaining that they cannot find people that can pass a drug screen, show up for work, and do basic math. Well, I am long tern unemployed and can accomplish all of those tasks, I have submitted many applications, many resumes...etc. Not one reply. This is why I have dropped out of the work force.
no problem, i was just amazed how completely the ads changed to fit sylvia's post...i'm sure they do that to us all the time, but seldom does a site's content change so completely as to cause a noticeable change in the advertising...
what is really most amazing to me, sylvia, is the ads that are generated here that i see displayed alongside your post...there are no less than 4 ads that are on topic here: there are ads for original buckwheat pillows, memory foam matresses, a consumer reports ad on latex foam, adjustable travel pillows, and simmons matresses, and 4 bedding ads at homesgarden.net: best bed allergy barrier, contour products, matresses for back pain, and the top matresses of 2014...
as long as i've been here, i'd never seen such ads before...
for instance, if i open robert's latest post, i'm given the opportunity to invest in oil and gas wells, a chance to turn a liltte money into a lot with options trading, an ad for job openings, and franklin prosperity on 14 senior benefits...
you've added a whole new dimension to the advertising on the economic populist!
You raise a good point: I failed to mention what I consider is the fix. My conclusions lead me to sky high tariffs as the fix (as America has historically done until the 1960s).. I'm of the opinion that fair trade is impossible, because of what Ricardo observed as the wealth measuring problem. With that said, I'd be glad to hear how you visual an international wage working. The problem I think lies in the complexity that results from a PPP approach. For example, how would address the numerous factors such as differentials in blue collar worker, engineer, doctor, lawyer, cost of real estate, abundance of nature, productivity, etc to come up with PPP. Just my two cents. Open to suggestions. Thanks for the feedback.
Ok, what I got out of this is we need a minimum wage international law, dealing somehow with different PPP. This would stop offshore outsourcing in a heartbeat and the great race to the bottom.
I agree the real issue is not inversions but a lack of corporate values. We have examples of successful companies that prioritize some if not all of the 1981 Business Roundtable six constituencies; employees, customers, communities, society at large and suppliers and as a result they produce for shareholders. Examples are Apple, Amazon, Google, Patagonia, New Balance, Starbucks, Whole Foods and Zappos. Their leaders prioritize values and culture. It seems obvious that this formula works. Until more companies follow their lead, consumers can make a difference by spending their money with conscious companies.
-- But sadly, we can't even get the GOP to fix what we already have --
That is the most incredible thought I've run across in a long time. In a country that runs on high-octane self delusion and lies in just about every area, your conclusion is that where infrastructure maintenance is concerned all problems are due to partisan GOP intransigence.
The reason for that graph is to show the rate of change, or slope. The rate of change is greater and why it does cross. Maybe I should simply create a differential graph showing the rate of change on the same scale so it is realized the point.
Overall, this summary is good. However, your use of different scales on the same plot leads a nonsensical statement in at least one case. You say: "Below is a graph of those not in the labor force, (maroon, scale on the left), against the noninstitutional civilian population (blue, scale on the right). Notice how those not in the labor force crosses the noninstitutional civilian population in growth ...". But the two scales differ by almost a factor of three! To speak of how one curve "crosses" the other is meaningless, since neither plot has an origin of zero AND they have different scales. The relative rate of growth those not in the labor force (as a percentage of those previously not in the labor force) is increasing faster than the size of the noninstitutional civilian population, but that's about as much as you can say with the plot you are referring to.
..and millions of others. Einstein and insanity: Looking for non-existent jobs over and over again and expecting different results.
China already has the world’s largest building (the New Century Global Center) and soon will have the world's tallest building --- Sky City (at 2,749 feet in the southern Chinese city of Changsha) was set to be completed in 2014. The country’s tallest skyscraper (Shanghai Tower) has just been topped out and will be completed in 2015. China also has the world's tallest dams and the world’s fastest bullet train, the Shanghai Maglev. Now the country has the world’s longest cable-stayed bridge as well --- the Jiashao Bridge, which just opened recently.
But sadly, we can't even get the GOP to fix what we already have.
"Conservatives believe the economy functions better if the rich have more money and everyone else has less."
Ummm... no. Conservatives believe that wealth isn't zero-sum, and the economy functions better when everyone has more of it... or rather, the inverse: when the economy functions better, everyone has more.
You'd only fail to appreciate the conservative position if you, yourself, believed in zero sum economics, and on that bases thought that everyone else did too. But we don't. Sorry.
We believe that wealth is subjectively defined, and thus in a voluntary transaction, both parties believe their situation subjectively improved, resulting in a net gain in wealth, and thereby the zero-sum bounds are broken.
These are aggregate income, the super rich are included. Most people think wages when one says income, not so, not at all so. You of course know this.
Why We Allow Big Pharma to Rip Us Off
http://robertreich.org/post/99279814665
Is Your Dentist Ripping You Off?
http://www.motherjones.com/environment/2014/09/dentist-ripping-you-off
bud, the labor force is simply an addtion of the employed and unemployed; not in the labor force is everyone else over 16, including those who didnt look for in the 30 days prior to the survey...the over 16 population increases about 200,000 to 220,000 each month...you can see how these numbers add up here: http://www.bls.gov/news.release/empsit.a.htm
the sources of the August income increase are innumerated in my second paragraph...this was an unusual month in that wages were the primary driver; for many months this year, wage increases have been less than increases in rental income & income on assets..
NB: wages and salaries make up only half of "income" in this report; table 1 here details all the sources: http://www.bea.gov/newsreleases/national/pi/2014/pdf/pi0814.pdf
Just a FYI for even though the graph is flat, last calculation real wages haven't kept up with inflation.
Glad to see this useful, it's a lot of information and I've been wondering how to modify and shorten, just to focus in on a couple of elements in the release.
Employers are complaining that they cannot find people that can pass a drug screen, show up for work, and do basic math. Well, I am long tern unemployed and can accomplish all of those tasks, I have submitted many applications, many resumes...etc. Not one reply. This is why I have dropped out of the work force.
no problem, i was just amazed how completely the ads changed to fit sylvia's post...i'm sure they do that to us all the time, but seldom does a site's content change so completely as to cause a noticeable change in the advertising...
Google ads are a necessary evil to fund the site. Doesn't even scratch the surface on total costs.
what is really most amazing to me, sylvia, is the ads that are generated here that i see displayed alongside your post...there are no less than 4 ads that are on topic here: there are ads for original buckwheat pillows, memory foam matresses, a consumer reports ad on latex foam, adjustable travel pillows, and simmons matresses, and 4 bedding ads at homesgarden.net: best bed allergy barrier, contour products, matresses for back pain, and the top matresses of 2014...
as long as i've been here, i'd never seen such ads before...
for instance, if i open robert's latest post, i'm given the opportunity to invest in oil and gas wells, a chance to turn a liltte money into a lot with options trading, an ad for job openings, and franklin prosperity on 14 senior benefits...
you've added a whole new dimension to the advertising on the economic populist!
Robert
You raise a good point: I failed to mention what I consider is the fix. My conclusions lead me to sky high tariffs as the fix (as America has historically done until the 1960s).. I'm of the opinion that fair trade is impossible, because of what Ricardo observed as the wealth measuring problem. With that said, I'd be glad to hear how you visual an international wage working. The problem I think lies in the complexity that results from a PPP approach. For example, how would address the numerous factors such as differentials in blue collar worker, engineer, doctor, lawyer, cost of real estate, abundance of nature, productivity, etc to come up with PPP. Just my two cents. Open to suggestions. Thanks for the feedback.
Ok, what I got out of this is we need a minimum wage international law, dealing somehow with different PPP. This would stop offshore outsourcing in a heartbeat and the great race to the bottom.
I agree the real issue is not inversions but a lack of corporate values. We have examples of successful companies that prioritize some if not all of the 1981 Business Roundtable six constituencies; employees, customers, communities, society at large and suppliers and as a result they produce for shareholders. Examples are Apple, Amazon, Google, Patagonia, New Balance, Starbucks, Whole Foods and Zappos. Their leaders prioritize values and culture. It seems obvious that this formula works. Until more companies follow their lead, consumers can make a difference by spending their money with conscious companies.
This is the best summary of the monthly numbers I've seen this week. EPI is my other 'go to' for solid jobs data.
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