Collapse of Middle Class Wealth
- Thread starter jerry55
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A good read, thanks. Makes a lot of sense and nullifies what I said about Google to a good degree.
I guess what I'm thinking about though is if a point arrives where machines don't need operators/developers to be built. Where the machines can build and operate machines that are better than themselves, and from a productivity standpoint humans become completely useless in every way.
Yeah -- I think in the near timeframe that's definitely true.
It's very difficult for us to imagine what computers will be like in the future, though, and how that will impact our society. What would a person 100 years ago think of what we have even today in terms of AI etc? If that development continues exponentially, then 100 years from now is incomprehensible to any one of us.
All gets rather philosophical though. Does a human race that produced machines that are more productive than themselves in every way deserve to even continue existing?
The dwindling middle class is a direct result of the middle class blowing their money on flat screen tv's, dining out, x-box's for their kids, new cadillac SUV's that get 12mpg and all the other bullshit people waste their money on.
People make enough money its just how they spend it. People in poverty are the worst about it.
Because people suck at working. They treat working at mcdonalds like a career. These kids and such babied pussies. They dont' understand what hard work is. They have no pride, they have no knowledge, they have no skills.
What's it like to live in fantasy land?
Productivity has gone up.
Workers are working more hours at their jobs. Americans work some of the longest hours of any industrialized nation.
Corporate profits have gone up.
The only people who suck is you at forming a thought based on fact.
Is this a result of the kind of work overpaid CEOs do, or is this generation of workers inherently more productive than their predeccesors?
I'm guessing it's the former, but you probably think that the latter should get rewarded for it, huh?
All economic growth comes from technological advancements. As a result, the average productivity per person increases.
Setting aside the notion that peasant-like Walmart peons would have better ideas on how to invest 90 billion than a family that built an empire, you seem to have this bizarre obsession with what other people do with the money they've earned.
Newsflash, turd: if your bank account is above $0, if you own any assets right now, you are by your definition "hoarding your wealth".
You have no right to somebody else's money. In fact, you have no right to even talk about what they do with their money. To merely voice the idea reeks of communism, and how the collective can better determine the allocation of assets than the individual.
You've been brainwashed by the same people who think there is a finite supply of money in the world, as opposed to understanding that wealth is created when you provide ADDED VALUE. The Waltons did that(albeit with shoddy Chinese slave labor, but that is a discussion for another day) and thereby created wealth for themselves, in addition to thousands of jobs for American citizens.
Wealth is not finite. If you buy an apple from Guatamala for $1 and sell it in Cali for $3, you just created wealth.
Go crawl back down your envious, penniless hole that you came from. You didn't earn the Waltons fortune - they did. You will not make any decisions on what they do with it - they will.
Perhaps when Comrade Obama completes his coup and we line the Waltons up against the wall as we shout "Death to the bourgeoisie!", then you will see your dream fulfilled. Until then, perhaps you should mosey on over to North Korea or Cuba where no private businessmen are allowed to "hoard" their wealth and everyone lives in equal squalor and misery.
The increase in productivity is a direct result of technology, not longer working hours.
In fact, if you look at the equations that are used in manufacturing to determine productivity, you would see that your productivity actually decreases the more hours of labor are used as an input.
I know this because I used to be a foreman in the auto industry and my shift was graded on productivity daily (and by job). Every production job we had used different numbers on the + side of the equation based on myriad of factors, but the other side of the equation was almost all labor hours and the more labor hours I used, the lower my productivity number went. It's 7th grade algebra.
A positive side-benefit to that was I was always looking for volunteers to send home early so that I could boost my productivity for the shift. Since we had some guys only working there for the great benefits, a lot of them sold drugs or whatever on the side and would slip me some cash to let them punch out. They got to leave and go slang rocks, and I got to supplement my income all while showing higher productivity than other shifts. Win-win-win.
tl;dr - You don't seem to understand how productivity is measured, son.
If all economic growth comes from technology, then it follows that capital investment doesn't matter. That doesn't seem likely to me. What do you think?
R&D, production, distribution, sales & marketing, and customer support takes capital to generate?
To the OP
Stop worrying about how much someone else has and get out there a get some for yourself. The great wonder of this county is that you have opportunity.
If you would put the same energy into making something of yourself as you have in being jealous of those that have what you don’t you could be an asset to this society instead of a sponge.
Your mentality is the same as the bank robber but you are just missing the gun and not smart enough to know you don’t need the gun. So you’ll be a lot happier if you spend your time watching sitcoms on TV and stay off the internet.
Stop worrying about how much someone else has and get out there a get some for yourself. The great wonder of this county is that you have opportunity.
If you would put the same energy into making something of yourself as you have in being jealous of those that have what you don’t you could be an asset to this society instead of a sponge.
Your mentality is the same as the bank robber but you are just missing the gun and not smart enough to know you don’t need the gun. So you’ll be a lot happier if you spend your time watching sitcoms on TV and stay off the internet.