Opinion of this Quote

[All Along The Watchtower]

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Thoughts?

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Thoughts?

disgusting.

[opebo]

Well, he's right - if we are going to participate in the 'free market' and global capitalism, we have to become poorer in order to properly serve our owners.

[Yelnoc]

So long as our products can be manufactured oversees and shipped here at a lower cost, this will remain true.

[Gustaf]

Unemployment is a bit complex. In the basic theory it exists because the marginal productivity is lower than the marginal cost of an additional worker, due to, say, minimum wages.

In theory that could be adressed by increasing productivity rather than decreasing wages (which is why the sensible left typically argues for things like education investments, etc).

But there's a lot more to the story as well. 

[Jerseyrules]

Bull.  Look at Henry Ford: raised wages, cut union power, all the good mechanics went to him, and others were forced to raise wages or have their best workers leave UN droves