There are plenty of them, just google ‘wage production gap’.heydaralon wrote: ↑Sun Feb 09, 2020 8:50 amWhere is this chart from? It looks like the Piketty one to me.SuburbanFarmer wrote: ↑Sat Feb 08, 2020 8:37 pmPetro-dollar is the Chinese oil contract, sold in Yuan rather than dollars. Essentially breaking our global monopoly on oil. The last few guys to try this were Saddam and Ghaddafi. But we can’t ‘regime change’ China so easily.heydaralon wrote: ↑Sat Feb 08, 2020 4:43 pm
I can't take them seriously man. They have predicted hundreds if not thousands of times that the US economy is going to collapse. I would compare them to Left Behinder's who say that Christ is coming back on a certain date. Then the date keeps changing.
Also can you elaborate on Petro$ and fake stock market?
Is there a time in history where you think the stock market was accurate?
I think you have said that you believe the 80's were when the elites started fucking over everyone. I didn't live through the 70's, but I have read enough about them and talked to people who lived through them. It doesn't make me nostalgic. Lines miles long to get gas etc. The fact that we both have the time to waste (for me during work even) debating frivolous shit on this forum tells me that we have a standard of living that most Americans in history would kill for. There is fuckery at the top, and numbers are fudged, but there has never been a time where this wasn't so.
As for the market, the fall probably began after WW2 with the absurd levels of MIC spending that Ike warned about. Nixon made money into a fiction, and Clinton finished the job by repealing Glass-Steagal - allowing banks to gamble with their savings accounts. Once that happened, there was no longer any legitimacy to equity trading. The Fed has been printing money like Zimbabwe to keep the ball rolling, but it’s only a matter of time now before collapse.
Regarding inequality, yours is t he most common argument - that we have it better than anyone in history. That’s not debatable - of course we do.
However, consider the change in human productivity over the past few decades. It’s exponential. A picture being worth a thousand words, this is my favorite:
DB142C54-9E61-4136-9814-E684040F40EB.png
The gap between those lines is waste, corruption, and ‘executives’ taking 300x their average employees pay.
This one is from the BLS: