We Are Now One Year Away From Global Riots, Complex Systems Theorists Say

Re:We Are Now One Year Away From Global Riots, Complex Syste... by sp332 on Tuesday September 11, 2012 @11:26AM (#4505883)

Adjusting for inflation, the average wage in the US has stagnated since the 80's. What does that say?

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Re:We Are Now One Year Away From Global Riots, Complex Syste... by bryanlarsen on Tuesday September 11, 2012 @11:44AM (#4506036)

As far as I understand, it's not the average wage that has stagnated, but the median wage.

That says something about the US, but nothing about the world. In the same time period the median wage across the world has increased dramatically, especially in China, India & Africa.

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Re:We Are Now One Year Away From Global Riots, Complex Syste... by sp332 on Tuesday September 11, 2012 @01:05PM (#4506524)

Sorry if I was unclear. What does it say about the US?

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Re:We Are Now One Year Away From Global Riots, Complex Syste... by pchristensen on Tuesday September 11, 2012 @11:40AM (#4506005)

How have worldwide wages changed during that period?

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Re:We Are Now One Year Away From Global Riots, Complex Syste... by presidentender on Tuesday September 11, 2012 @11:56AM (#4506131)

It says we have enough "stuff," and so the demand for labor hasn't increased out of tune with the supply.

I suspect that the real average wage in the US would decrease quickly if falling wages weren't inconvenient to sitting politicians.

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Re:We Are Now One Year Away From Global Riots, Complex Syste... by learc83 on Tuesday September 11, 2012 @12:23PM (#4506315)

It might say that people are being compensated in other ways.

Or it might say that the US has access to lower wage labor in other countries.

Either way it says nothing about the global value of labor.

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