It's May 13, 2024, 01:02:01 AM
Would be fine, if only it would be true that service jobs randomly pop up as soon as production jobs are lost. People lose their production job, don't get an equal "service job" in return and thus lose standard of living and dignity.
^ In a perfect world...Who says people who lost their production jobs have the skills required for those jobs?Infact, even if they have the required skills, why didn't they start earlier?They either didn't like the work or the pay wasn't enough, either way the standard of living doesn't go up at all.
What you seemingly overlook is the fact that unemployment was fairly low and the average wage was good to (during the manufacturing good days), now you have a situation in which unemployment has been steadily climbing and wages sharply falling.
Yep when you replace a skilled job with an unskilled job, that the wages will sharply fall and therefore living standards will dip along with it. So then your trading deficit becomes astronomical, then the currency will continue to fall, raising the price of importing those goods into the country and making what was a self sufficient nation, one completely dependent and from that it's a vicious circle.
Quote from: virtuoso on January 29, 2010, 05:21:59 AMWhat you seemingly overlook is the fact that unemployment was fairly low and the average wage was good to (during the manufacturing good days), now you have a situation in which unemployment has been steadily climbing and wages sharply falling.No shit... and that's part of my point. See, you are all focused on employment and wages when you should be focused upon standard of living. In the manufacturing days I may have had a consistent job and a higher wage; but I wouldn't be able to obtain free information/entertainment from anywhere in the world via the internet, and travel to Africa, the Middle East with relative ease. And drive around in my own car when I was only 16 years old and every day since, and always have running water, electricity, and heating and cooling everywhere I go in America for my whole life. So if you compare the average standard of living to the standard of living of someone in the manufacturing days you will see that it has increased; in spite of the governments increasing efforts to deter it. Government is slow and inefficient, and an individual moving alone can still find freedom in an unfree world.
Hmm no, you are intermeshing technological advancements with standard of living. The technological advancements have occurred throughout history, courtesy of manufacturing. We know that the standard of living is sliding because inflation continues onwards and upwards while real wages have remained stagnant for the most part in the last 15 years.
Quote from: virtuoso on January 28, 2010, 05:05:31 AMYep when you replace a skilled job with an unskilled job, that the wages will sharply fall and therefore living standards will dip along with it. So then your trading deficit becomes astronomical, then the currency will continue to fall, raising the price of importing those goods into the country and making what was a self sufficient nation, one completely dependent and from that it's a vicious circle. But who says 'unskilled jobs' are taking over skilled jobs? Isn't it that there is simply a bigger market of skilled people out there as globalization continues? Are we not becoming more and more an integrated world economy? Thus some people's living standards rise and others fall? Probably your point can build on to this rather than challenge it, because it is also true that the nature of globalization is that no nation is utterly 'self-sufficient' anymore, we all buy each others things, we all need to trade; every State, every Leviathan.
Quote from: virtuoso on January 29, 2010, 06:26:21 AMHmm no, you are intermeshing technological advancements with standard of living. The technological advancements have occurred throughout history, courtesy of manufacturing. We know that the standard of living is sliding because inflation continues onwards and upwards while real wages have remained stagnant for the most part in the last 15 years.Yes, but the standard of living has increased since the manufacturing days you mentioned in a previous post. But now you have shifted (like you usually do) and you are just saying that the standard of living has decreased so I can only assume that you mean since the 90's? What exactly do you mean?Because I would argue in many ways the standard of living has still continued to increase. Most of our entertainment and information is now at the click of a button even if we are taking a shit at a gas station we can get almost anything through our cell phones, the whole world is at the tip of our finger when it wasn't in the 90's.And you said I was confusing technological advancements with standard of living, but the two go hand in hand. They are totally related. Because if the government artificially seeks to save jobs i.e. in the manufacturing industry by restricting companies from moving manufacturing businesses abroad; then they have effectively slowed the efficiency of the economy and it's advancement and expansion.l
Dude, the standard of living is measured by the financial health of a nation, so we look at a number of variables, the furthering of technology does not mean that standards of living are increasing if people do not have the means of comfortably acquiring said luxuries without seeing their savings vanish, or their home reposessed, or their credit cards maxed out.
learn how to summarize I'm not going to read all that shit.
learn how to summarize I'm not going to read all that shit.Infinite, Just because jobs are created doesn't mean that the people who are jobless are able to fill them, that was my point I just pointed out a flaw in your argument.EDIT: WHo even says the jobs pay better?