Thread: Low Wages Cause Unemployment

Originally Posted by Til the Last Drop

In the same post you acknowledge the factory jobs are gone

Those that bother with economic reality will realise that deindustrialisation is a natural phenomenon in a mature economy

Originally Posted by Reiver

Those that bother with economic reality will realise that deindustrialisation is a natural phenomenon in a mature economy

What exactly is your definition of "economic reality"?
It is only "economic reality" because of the policies the government has been persuing. If the government had different policies, there would be a different economic reality. Pushing society into a globablized economy, then calling job losses and low wages "economic reality" is an insult to all the people that have been pushed into minimum wage jobs because of people like you.

Originally Posted by Anders Hoveland

What exactly is your definition of "economic reality"?
It is only "economic reality" because of the policies the government has been persuing. If the government had different policies, there would be a different economic reality. Pushing society into a globablized economy, then calling job losses and low wages "economic reality" is an insult to all the people that have been pushed into minimum wage jobs because of people like you.

If you are uneducated monkey only capable of doing monkey work, are computer illiterate and incapable of even using a simple word processing program, inventory program, etc. Then you deserve to go the way of the wagon wheel makers and black smiths.

Such people "pushed into minimum wage jobs" are the economically useless members of our society and as such are going to suffer in a world of computerized everything.

Get an education or suffer the consequences. Those are the choices in a fully modernized and matured economy. No one gives a (*)(*)(*)(*) about the uneducated because there is no excuse to be uneducated in this country.

Even the people towards the top are going to suffer from higher unemployment and lower wages, as many of the people who would have otherwise worked in decent paying jobs at lower levels get displaced. Do you really think there will be enough good paying jobs available for most of the people if all the manufacturing jobs dissappear?

Although it no doubt has some validity, I just do not think we should blindly accept the notion that "workers should earn whatever the employers are offering".
When productive jobs that formerly payed good wages no longer pay a man enough to support his family on, there is something wrong. Expecting everyone to just adapt to the few remaining jobs that are decent paying is unrealistic, and missing the root of the problem. There just simply will not be enough of these remaining jobs for everyone. Wages will be driven downward, and eventually the unemployed just will not have sufficient motivation to persue the education/credentials to obtain these not-so-good paying jobs. Do not get me wrong, we should not be trying to save outdated wasteful jobs, but the concept of worker productivity is different than wage levels.

Originally Posted by Anders Hoveland

What exactly is your definition of "economic reality"?

Just the obvious business of empirical evidence and economic analysis. All scary propositions for the cretinous rant engineered by economic nationalism.

Pushing society into a globablized economy, then calling job losses and low wages "economic reality" is an insult to all the people that have been pushed into minimum wage jobs because of people like you.

A complete innocence of economic history! Trade has always been a natural part of our societies. Coercion (and the subsequent creation of inefficient economic rents) has been focused on protectionism.

Mercantilism has been rejected for yonks. How come you haven't caught up?

Originally Posted by Reiver

Coercion (and the subsequent creation of inefficient economic rents) has been focused on protectionism.

The real coercion is the system of land ownership (at least in the absence of land value taxation) and natural resource ownership. We cannot discuss inefficient economic rents without focusing on land rents.

Originally Posted by Anders Hoveland

The real coercion is the system of land ownership (at least in the absence of land value taxation) and natural resource ownership. We cannot discuss inefficient economic rents without focusing on land rents.

I don't think you understand anything you say. See, for example, your previous support for Marxist 'supply and demand' theory (which obviously was a crass error). Its good to see you reliant on irrelevant Georgism though. Seems like a spiritual home for those that don't do economics!