Posted on 07/09/2015 4:10:21 PM PDT by 2ndDivisionVet
On the chance you geniunely don't understand his point (and the MSM certainly won't explain it to you), perhaps this latest jobs report will help clarify what he's talking about:
Obamacare is reducing full time employment, and incentivizing employers to offer <30hrs/wk jobs to avoid the regulations.
I agree with Jeb wholeheartedly and of course, the media has treated him unfairly. Oh and by the way, there is no way in hell I will vote for him.
This is a non-issue. “Jeb & Friends,” “The Five Jebs,” and the “Special Jeb Report + The Pimp Jeb Panel” shows on the “Jeb News Channel” straightened everything out.
They told us what the “GOP front-running heavyweight” meant to say and that pretenders such as Ted Cruz were laughably wrong to jump on Jeb’s otherwise brilliant statements.
Well that is a good point.
You forgot “Jeb Eye,” The “O’Bushie Factor,” Bush Business News, “Bush & Bears,” “The Cost of Influencing Bushes,” “America’s Bushbot Headquarters” and many more...
Guess I am lazy or getting old;only work an average of 46 hours the last seven years,down from my usual lifelong 47,although I did get up to 60 for three years in a row.
I hate wealthy stupid politicians of all parties.
Increasing productivity is actually the ONLY thing that increase a worker's wages.
If you can install 10 windshields a day and I can only install 7 a day, who do you think it going to make more money?
American workers are among the most productive on the planet because we have an enormous amount of capital goods behind each worker.
It is solely due to increasing productivity that we can free labor up for employment in heretofore non-existent lines of work.
Of course it is. I am seldom wrong.
Almost right out of the textbook. However, in practice, productivity just increases the company bottom line. For decades now there has been a big focus on productivity as a measure of our economy, but with inflation, almost wage stagnation. As such, productivity has become meaningless, except as a buzz word for the business community.
Which brings up the point: who does Jeb Bush think his constituents are, the people, or the Chamber of Commerce?
Then how do you explain the wage difference American employees enjoy over the most of the world? Benevolent employers?
Worthwhile employees seek out their value. You sound like the Democrats who insist the only way to wage raises is to restrict competition or pass minimum wage laws.
For decades now there has been a big focus on productivity as a measure of our economy,
Because it is a factor in how much wealth is created to be consumed or added to the capital goods structure.
but with inflation, almost wage stagnation.
Inflation is a problem, but without productivity gains the effects of inflation would be even more acute. The fact that productivity gains help mitigate inflation isn't an indictment of productivity gains. It's part of why they're so important.
As such, productivity has become meaningless, except as a buzz word for the business community.
When the price of goods fall it's not just the business community enjoying the benefits, its all the consumers that can then afford the goods.
Thanks for translating the jebberish...lol!
Best response from another thread; “Here comes jeb, everybody look busy!”
“Here comes Jeb, everybody kick him. Hard.”
In the past, Republican presidential contender Donald Trump has given money to Hillary Clinton, Nancy Pelosi, and Harry Reid. And, to put it mildly, the GOP base might not be terribly enthusiastic about nominating a candidate who gave so much money to top Democrats.
Donald Trump Defends Past Donations to Top Democrats(6/28/2015)
This is a litany of arguments from 30 or more years ago.
The wage differences between the US and the part of the world that US employers have outsourced to is shrinking. If we had just a thousand people left in heavy industry, but they were paid very high wages, and they had hundreds of thousands or millions of people working for a tenth of that, we would still “have higher wages than they do”, but it wouldn’t mean anything.
“Worthwhile employees seek their own value” is meaningless when US corporations are firing Americans and refusing to hire other Americans, yet lobbying hard for H1-B visas. Which is why we have high tech graduates flipping hamburgers, because companies won’t hire them, while screaming they need more workers.
“Because it is a factor in how much wealth is created to be consumed or added to the capital goods structure.” Yes, but not *here*. Productivity does not count if it just enriches multinational corporations that sell goods in our markets, but do not pay our taxes, do not hire Americans, and do not purchase our raw materials. They do nothing to help our capital goods structure.
“Inflation is a problem, but without productivity gains the effects of inflation would be even more acute.” Productivity to a great extent has nothing to do with inflation, when the government is printing virtual money like crazy to spend on senseless things creating an astounding national debt. *That* is what causes inflation, and it is utterly disconnected from productivity.
“When the price of goods fall it’s not just the business community enjoying the benefits, its all the consumers that can then afford the goods.”
The price of heroin is rock bottom, but that does not mean that consumers are “enjoying its benefits”. The same applies to voluminous cheap imports that have ravaged our production economy.
One of our biggest imports from China are shipping containers, mountains of them, built in China, carrying consumer goods to the US, then stacked in rusting mountains outside our western ports. At $30k to $100k each, they add enormously to our trade deficit, and nobody is willing to spend the money on backhaul of empty containers.
http://i.imgur.com/UG0W4EJ.jpg
*This* is what “productivity” looks like.
Correct, the rest of the world is finally getting capital goods to its workers, but they're still behind the U.S. China didn't become the worlds largest new car market with slave wages. Decades have passed since China and other nations have opened up to investment, and world production has soared with it.
“Worthwhile employees seek their own value” is meaningless when US corporations are firing Americans and refusing to hire other Americans, yet lobbying hard for H1-B visas.
An increase of supply lowering the price of labor doesn't have anything to do with the value of productivity.
“Because it is a factor in how much wealth is created to be consumed or added to the capital goods structure.” Yes, but not *here*. Productivity does not count if it just enriches multinational corporations that sell goods in our markets, but do not pay our taxes, do not hire Americans, and do not purchase our raw materials. They do nothing to help our capital goods structure.
The increase productivity leads to increased supply and lower costs of final goods. Ask an American if it matters to them whether a 32" TV costs $1000 or $250 dollars. If you want to partake in the profits of companies I encourage you to buy stocks in them. The less money Americans spend on goods the more money available for investment.
“Inflation is a problem, but without productivity gains the effects of inflation would be even more acute.” Productivity to a great extent has nothing to do with inflation, when the government is printing virtual money like crazy to spend on senseless things creating an astounding national debt. *That* is what causes inflation, and it is utterly disconnected from productivity. I didn't say that productivity causes inflation, apologies for the confusion. I'm trying to explain to you that the productivity increases you consider 'meaningless' are actually ameliorative to consumers facing government generated inflation.
It's ONLY because of extraordinary productivity gains that we see prices for goods drop in spite of the government inflation. Without productivity gains the 32" TV that cost $1000 in 2008 would cost more, not less, today.
The price of heroin is rock bottom,
Let's not bring the disastrous invasion of Afghanistan into this discussion...
but that does not mean that consumers are “enjoying its benefits”. The same applies to voluminous cheap imports that have ravaged our production economy.
So if I want to buy a 32" LCD I'm 'ravaging our production economy'? What does that even mean?
The lower cost of goods increases living standards.
Spending less money on one good leaves money for savings, investing, or purchasing even more goods. Lower prices from higher productivity is not a bad thing.
You should kick that heroin habit, it's ruining the brain god gave you. ;)
*This* is what “productivity” looks like.
No, that's what the aftermath of the Japanese tsunami looked like near one of their ports. Have you resorted to being deliberately misleading?
Productivity looks like this:
And it leads to this:
Take away the capital goods like combines and you can employ a bunch of Americans with scythes, but I expect to see you out there first, telling us how productivity doesn't matter...
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