What caused this fucking shit?
>>80786722
wage arbitrage
or as its more commonly called "globalization"
>>80786722
mix of greed and technology
>>80786722
The free market, working as intended.
damn.........this implores me to ponder
Feminism.
>>80786850
free market? where?
have you read your legislation?
You can't really finish it in your whole lifetime
and you're talking about some free market
you can't be more moron
>>80786722
Machines building machines.
1965 Immigration Act and 'free' trade
globalization. in the 1970's you were only competing domestically, now you're competing with the whole world. that makes you a whole lot less valuable.
lovely ain't it?
>>80786722
There are plenty of articles from economists debunking this nonsense graph, but none of them involve Jews, bankers or muh fiat currency, so it's not going to do much good here
>>80787625
>None of them involves Jews
Someone hasn't browsed /pol/ long enough. With a bit of critical thinking, the Jews can be blamed for almost anything.
>>80787625
that's a nice assertion now post a source so your comment isn't pointless
>>80786722
robots and computers. Look at the graph for individual fields and you will see that the wages in the private sector still go up with productivity, while the wages of workers in production stay the same.
>>80786955
Stop, my eyes....
No politician ever seems to blame overpopulation for the woes of workers. The fact is, labor can not win any conflicts with business, because historically labor's primary power was the scarcity of labor. This is the theory behind labor unions. Restrict the labor pool for better negotiating. Now management has unlimited 'scabs' from around the world to choose from.
Note that the modern world and the demise of serfdom only happened because of the Black Death and the shortage of labor giving rise to a wage system. We're headed back to feudalism, no doubt about it.
>>80786722
We invented machines that make more and more potatoes each year, and each year we build more and more potato-making machines. So we should have many, many more potatoes than we currently do, but OP keeps shoving them up his butt.
>>80787052
>you can't be more moron
>more moron
nigger, wut?
>>80786722
productivity =/= worker's effort =/= labor demand
try harder shill
IT, computers etc
>>80786722
Computerization
Excel can do what a team of 10 did in the 1980s-1970s
>>80786722
Women entering the labor market and doubling the workforce.
An interesting topic on /pol/ gets practically no responses. Meanwhile 'tfw no gf cuz the jews cucked me using the bbc' have 300 replies.
>>80787755
>>80787802
https://www.youtube.com/watch?v=8sf3kt1KduY
Here's a start you economically illiterate niggers
>>80786722
People not knowing how to work with indices and the difference between a mean and a median.
>>80786722
Milton Friedman and other jews
>>80786722
To give you the best answer possible, productivity was bound to increase with computer technology.
However, the only jobs guaranteed to stay in America are waiting tables, taking orders at fast food, and a medley of other low paying/no skill jobs.
Those jobs stayed, but the high paying factory jobs got shipped out, thus decreasing overall wage compensation.
Nixon closed the gold window in 71, and prices/wages worldwide have turned to shit.
/pol/ will still defend him though. They'll defend him for free.
Don't believe me? Just watch.
>>80786722
The bond markets and coming off the gold standard. Since then we have been killing dollar and focusing or banking system on currency manipulation.
>>80786722
>What caused this fucking shit?
Computers
>>80786722
https://www.youtube.com/watch?v=fHm7P4TA97U
please watch this video that debunks your image. The sources used are linked via their facebook account in the description.
>>80786722
>What caused this fucking shit?
women entering the workforce + mass immigration
>>80786722
The FED
>>80790573
Please go back to red.d.it.
This is not a conservative board. You can blame gold all you want but its not the system. Whites can make just about any system work its the parasites leeching off the system
>>80790573
Nixon beat up hippies.
That's good enough for me.
>>80786722
lol
hurr technology durr
YOU MEAN COMPANIES TAKING ADVANTAGE OF SLAVE LABOR IN COMMUNIST CHINA OR (ENTER THIRD WORLD CORRUPT COUNTRY HERE)
THATS WHAT HAPPENS WHEN YOU USE SLAVE LABOR IN THIRD WORLD COUNTRIES TO CREATE PRODUCTS AND THEN SELL THEM TO PEOPLE IN THE USA
>>80786722
The truth of the matter is that once we lost the Vietnam war our currency should have collapsed but it didn't because we moved into the petro dollar.
>>80790336
>Senior Fellow at the Peterson Institute for International Economics
>Which was founded by C. Fred Bergsten
Took me 10 seconds to find a Jewish connection. Apply yourself anon.
Good video though.
>>80786722
What are computers
>>80791015
Globalization and women in the workforce
>>80786722
Wages can't match marginal cost, it's impossible to calculate.
>>80786722
Governments worldwide went full retard when OPEC caused global oil shortages in the 70's.
Now governments subsidize large businesses and the working man subsidizes the government's corporate welfare policies.
>>80788278
>overpopulation
the irony about this is the fact that it would be trivially easy to stop that shit from fucking up wages in the first world. end immigration and free trade with undeveloped countries, that's all you need to do.
instead, by pushing for globalisation and mass immigration, politicians are actively working against the working class. both globalisation and immigration increase competition between workers and drive down wages.
these truly are dire times.
You are compensated by everything being cheaper.
>>80790760
Weird woman didn't strengthen unions since they are sort of clanish anyway. Death of unions, obscene concentration of wealth at the top will kill any economy as the top 1% simply can't spend it all so invest it, there the usury eats away at the very fabric of the monetary system, decides which way society goes...into another dark age and feudalism as someone already mentioned.
>>80786722
>wages of "nonsupervisory" workers versus net productive of total economy.
Your graph is shit and means nothing.
>>80791316
Except for appreciating assets...Those aren't cheaper...But cheap plastic junk is 10 cents cheaper. Your welcome goy.
>>80786722
Right around the time the welfare programs started
>>80786722
Improvements to capital is responsible for this. Human labour has reached peak capability.
>>80791493
>appreciating assets
>aren't cheaper
You actually wrote this.
>>80790500
I doubt those jobs will belong to humans much longer, the machine master race is slowly but steadily removing low skilled work.
>>80791305
And leftists are too stupid to realize the whole racial conciliatory mentality was created to protect business interests on immigration. Probably worked better than they thought it would since even in the UK with all the Polish and other White Euro immigration, Brexit anti-immigration was labeled as "racist."
>>80792218
Yes anything worth owning is now out of a normal persons price range...But hey cheap plastic shit is everywhere..
>>80791763
>He doesn't think people in the 70's had a phone, a TV or a microwave.
![the_gold_standard[1].jpg](https://i.imgur.com/r0RjznD.jpg "the_gold_standard[1].jpg")
>>80786722
Gee, I wonder what happened on August 15, 1971.
>>80793164
>he thinks he'd be happy trading in his phone, TV and microwave for their 1970s equivalent
>>80786722
Unions
Immigration.
>>80793164
P.S. faggot, in 1986 only 25% of households had a microwave.
https://en.wikipedia.org/wiki/Microwave_oven#Commercial_availability
>>80786722
Emphasis on supply instead of demand as the primary engine of economic growth. Notice how the lines really start to diverge in the early 80's with Reagan's economic plans.
>>80793284
de industrializing America has nothing to do with the redoubling of price/performance in information technology. Thats a moore's law..Not kike economics
>>80788278
Indeed. Also, a lot of the jobs that organized labor successfully cornered are simply no longer done in this country. This leaves the AFL-CIO trying to unions people who clean hotel rooms which requires no credentials or training whatsoever. A job is a job, don't get me wrong. But there's no pride in cleaning hotel rooms when it's a minimum wage job. This is why we have the debate over the minimum wage being reformed as the "living" wage.
>>80793403
You're an idiot if you think that literal union funded economic research is anything but kike economics.
You have pointed out exactly why your average worker today has many more material goods than in the 1970s--- advances in technology (e.g. moore's law in electronics) make your inflation adjusted dollar go further today than in the past.
>>80791316
>Rent, Education, Healthcare, are cheaper
Those three things plus food are 90% of a person's budget.
>>80786722
Benefits. Yeah, hourly wages have not increased but companies pay for health, dental etc now. That shit ain't free.
>>80793655
You're making the same argument Warren Buffet and other billionaire assholes use when they say "the people complaining today are living as well as John D. Rockefeller did in 1901." So fucking what? You want to reduce things that way no one should complain if they're doing better than a Homo Erectus that died at 30 years old.
>>80793655
No you faggot conservatives try and use how cheap technology has gotten and try to say it is your economics that did it....It wasn't these things have been decreasing in price and increasing in performance at a rate you can plot on a graph for 50 years. It didn't change when sweatshops started manufacturing them
>>80786722
no one honestly knows. The best explanation i can think of off the top of my head is that capital has become more interchangeable with workers and capital doesn't generally cost more as productivity goes up.
>>80794021
>>80794178
You're both making pathetic attempts at strawman arguments.
The point is simply that the graph in OP alone is not indication that there is a systemic problem with wages/compensation/etc. You could, for example, have a giant alien warehouse with bigscreen TVs unearthed in the desert tomorrow, and it would be far more productive to pay workers to ship those TVs from a warehouse instead of manufacturing them. Productivity would skyrocket, wages would remain the same, and yet everyone is better off.
>>80793812
>people didn't get benefits before the 1970's
are you high?
>>80794533
My god..
People who are brainwashed with kike economics are as bad as SJW's brainwashed in the humanities
>>80794774
You can see yourself out :^)
>>80794908
Moly is with us now freind.
Friedman is a fuck hack.
>>80786955
>Mises
>Jew
Mises wrote in defense of the Nazis for God's sake, what the fuck are you smoking
>>80787365
This
Supply/Demand applies to labour compensation just like it does to everything else
Before mass migration, wages were good
>>80795816
Its death by mathematics.
Do the opposite of the most basic concept in economics and hide behind abstract mathematics.
http://consultingbyrpm.com/blog/2014/06/do-productivity-and-lagging-wage-growth-disprove-marginal-productivity-theory.html
>>80786722
Really makes you think....
>>80796159
>reject any physics beyond Newtonian mechanics
>what the fuck? why do my observations of Mercury's orbit show that faggot planet's perihelion moving
>must be kike physics
>>80786722
what happened in 1973?
Technology.
Twice as much can be done with half as many people thanks to computers and advanced machinery.
>>80790212
>Women entering the labor market and doubling the workforce.
This. It depressed the growth in real wages.
Additionally real wages became impacted by having to pay extra for third party child care in dual income families
You think it's a coincidence that this happened about 1970? When the last form of precious metal left our currency? 1969 half dollar, containing 40% silver, was the final coin minted for circulation containing precious metal. Not rocket science when every economist says fiat is going to going to do this. Fiat is by the banks for the banks
tipping became mainstream
>>80793253
Same with that too, besides the silver leaving, you couldn't get gold anymore for $50 an ounce from the government
>>80786722
Stock markets crashed in 1973, causing a recession. This, combined with technology advancing, allowed corporations to compensate less.
>>80786722
Globalization + surplus population.
>>80798242
thanks mang
>>80786722
Flooding of the labor force by women and h1b immigrants and other shitstain via affirmative action
Federal Reserve "fixing" the economy.
>>80793655
>advances in technology (e.g. moore's law in electronics) make your inflation adjusted dollar go further today than in the past.
And if we didn't inflate the shit out of the dollar it would go even further.
>>80786722
Literally Jews.
>>80786722
>>80790336
for anyone who doesn't want to watch 10 minutes:
skilled workers saw benefits increases, wage increases and goods became cheaper. There are also new costs that absorb the productivity increases. e.g. companies buying new computers every 5 years. your 5 year old computer has depreciated to being worthless so the company can't resell them.
unskilled workers see cheaper goods but are otherwise not being rewarded by the productivity increases.
However in the years since 2008 we have seen a mismatch where increased productivity has not translated to increased wages. I didn't really understand this part but I think he was blaming rising healthcare and education costs.
