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Re:High schoolers are training to drive 18-wheelers amid sho... by gruez on Tuesday October 19, 2021 @11:24AM (#28919119)
So according to you, the 2008 recession was caused by... gap between productivity and hourly compensation?

also, comparing productivity to hourly compensation is a bad comparison because it entirely omits other forms of compensation (stocks, healthcare). if i try to compare total compensation to productivty using FRED, I get: https://i.imgur.com/ohabUFu.png, which seems to say the opposite? Total compensation seems to have outpaced productivity growth, at least starting from 2000.

Re:High schoolers are training to drive 18-wheelers amid sho... by omreaderhn on Tuesday October 19, 2021 @11:50AM (#28919483)
You should actually read through that website. The gap between productivity and wages is only one of the charts on there. The thesis posits that both the 2008 recession and the productivity-wage gap is a consequence of the monetary regime that began in the early 1970s.
Re:High schoolers are training to drive 18-wheelers amid sho... by gruez on Tuesday October 19, 2021 @01:03PM (#28920481)
>The thesis posits ...

what thesis? The first link is a chart, and the second link is a collection of charts with a bunch of arrows, and a quote at the end. Neither be plausibly called a thesis, unless you're already to primed to believe it.

Re:High schoolers are training to drive 18-wheelers amid sho... by fighterpilot on Tuesday October 19, 2021 @12:13PM (#28919819)
What do economists think about this explanation?
Re:High schoolers are training to drive 18-wheelers amid sho... by citizenpaul on Tuesday October 19, 2021 @04:54PM (#28923624)
Yes. People getting paid fairly don't need ridiculously unreasonable loan conditions to buy a house.

The fact that you are bringing up stocks as compensation says a great deal.

Cool so I can have healthcare while I starve naked on the street cause I can't pay for food,clothing or housing with my insurance card.

FRED... oh man. You mean the private business that was created specificity to rob every person in the united states says nothing is wrong. In fact it is great? Cool....

Read https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserv... If you really want to know what is going on.

Re:High schoolers are training to drive 18-wheelers amid sho... by gruez on Wednesday October 20, 2021 @11:57AM (#28932277)
> Yes. People getting paid fairly don't need ridiculously unreasonable loan conditions to buy a house.

certainly not due to other factors, say NIMBYism or more urbanization (more people crammed into the same piece of land)

>The fact that you are bringing up stocks as compensation says a great deal.

Well? What does it say?

>Cool so I can have healthcare while I starve naked on the street cause I can't pay for food,clothing or housing with my insurance card.

I'm not sure what your point here is. Are you upset that employers are compensating employees on a non-cash basis?

>FRED... oh man. You mean the private business that was created specificity to rob every person in the united states says nothing is wrong. In fact it is great? Cool....

if you look more carefully you'll see the actual data is sourced from the BLS.

Re:High schoolers are training to drive 18-wheelers amid sho... by citizenpaul on Tuesday October 26, 2021 @11:11AM (#29001360)
I guess you are just an apologist for the sociopaths that have taken control of everything.