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#126 | |
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Who's prosperity comes first though and how the prosperity is shared changes the pace dramatically.
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My friends, love is better than anger. Hope is better than fear. Optimism is better than despair. So let us be loving, hopeful and optimistic. And we'll change the world. - Jack Layton
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#127 | |
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1) Companies make money by providing goods/services that people value. 2) In order to provide these goods/services in an efficient and effective manor, companies need a competent workforce. 3) This demand for employees is met by society's demand for jobs, and workforce supply is created. 4) If a company can not find adequate/competent labor, they search for solutions including increased compensation, work conditions, better benefits, outsourcing, etc. until the labor demand is met. 5) As overall economic conditions improve, prices on goods rise, profits rise, and companies become more willing to spend more on each labor hour... resulting in higher wages, better work conditions, and benefits. Bottom line? The best way to improve work conditions for a society, is economic growth. Take any given third world country... if given the choice between enforcing strict union laws, or even communistic sharing of corporate profits, vs. capitalism and real economic growth... the latter is going to result in a far more substantial improvement in prosperity and work conditions than the former. This has been proven countless times throughout history. Your examples of India, etc. are on the back end of their own industrial revolution. If they're able to maintain growth, vastly improved work conditions will follow as a result of the markets, not government intervention. |
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#128 | |
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If you want to talk about economic upward mobility, talk about economic upward mobility. If you want to argue the success of a federal safety program begun under a Republican president with the endorsement of the usually conservative Chamber of Commerce, then by all means have that discussion as well. However, if you're trying to conflate the two, or attempt to use OSHA as a blanket condemnation of liberalism, then your desperation for making a point is over-riding your ability to formulate a sound argument. And it's leaving noodles on the wall. |
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#129 | |||
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I also don't share your optimism that the success of companies trickles down to the work force. ![]() ![]() Then there is also this study that shows that economic mobility is great in U.S. states with strong unions. Quote:
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Looking For Lenny - documentary about comedian Lenny Bruce's timeless impact on stand-up comedy & Free Speech. Netflix, iTunes, Amazon |
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#130 | ||||
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Or it may have been a complete waste of time, but that's a hard argument to make without a control. Or as the Institute notes: Quote:
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#131 | |
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And to be fair on the Indians their haven't been any recent mass fires like we've seen in Pakistan and Bangladesh, both of which have lower populations than India.
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If they have to tell you every day they are fair you can bet they arent, if they tell you they are balanced then you should know they are not - Don't Hurt me |
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#132 | |
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To provide goods/services, the key in capitalist markets is efficiency. In your fourth point if the labour market can't supply the demand, corporations seeking the most effective output production consistently increase capital input to replace labour input, and/or outsourcing labour to another market to fill the excess demand much more frequently than increasing compensation, work conditions or providing better benefits. Labour is often a more liquid input in the production function, and as such sees the most volatility. Volatility in the labour market translates directly to the health and habits of consumer spending. As economic conditions improve, what happens first is that companies increase output, typically achieved in the short run by hiring/re-hiring more workers. With more jobs means on the aggregate the consumers have more to spend, and improves the companies profits (aggregate, not per unit profit increase). If the economy does so well that the demand for the companies good/service out-paces the output (supply) the company might demand increase the price for the good to make more money and invest the additional profit into more labour inputs to produce at a higher capacity. If resources like labour and commodities are constrained enough this causes inflationary pressure on wages and the costs of goods/services. This I agree with, but not in isolation. Your slanted comparison of 'communistic sharing' and union "laws" aside (unions can't make laws, but like corporations they can lobby for them); democracy and regulation is a key component. The USSR in terms of production was an economic juggernaut but exploitation of the working class (as well as colossal mismanagement) acted as key catalysts for it's demise. Throughout history, while a capitalistic market has prevailed in efficiencies of production, those societies have continuously developed regulations typically after industry has exploited their position for market gain at the expense of the members of that society.
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My friends, love is better than anger. Hope is better than fear. Optimism is better than despair. So let us be loving, hopeful and optimistic. And we'll change the world. - Jack Layton
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