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11th June 2012, 03:46 PM
|  | Uncouth and Unenlightened Fundy
    
 | | Join Date: 29th July 2004 Location: United States
Posts: 4,115
Blessings: 102,357 My Mood 
Reps: 12,152,392,635,163,348 (power: 12,152,392,635,176) | | | The ‘American Dream’ Is a Myth: Joseph Stiglitz on ‘The Price of Inequality’
__________________ "It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
--Theodore Roosevelt-- |
12th June 2012, 09:31 AM
| | Veteran
52    
| | Join Date: 9th November 2010 Location: Texas
Posts: 1,845
Blessings: 2,551,037
Reps: 40,495,568,166,298,936 (power: 0) | | | Other the last few months several polite requests were made by myself and others asking you to post a few quotes from your link in your OP. You have never responded nor agreed to our request. Does you religion preach rudeness as a tenet? |
12th June 2012, 12:20 PM
| | Sanctimonious Crackpot
73 
| | Join Date: 4th February 2006
Posts: 7,252
Blessings: 259,772
Reps: 467,200,023,188,796,480 (power: 467,200,023,188,811) | | Originally Posted by jlujan69 
Tell this to the millions of undereducated, underpaid Americans that are delighted with their lives. Happiness and contentment is more precious than annual income or social status to many. I have turned down several jobs that would have made me a 'one percenter' because it would mean I could no longer hunt throughout the fall here in Wisconsin. I settled into a job that allows me more of this freedom than anyone I know. I account this a blessing from God, and I wouldn't trade it for any amount of money. |
13th June 2012, 09:53 AM
|  | Senior Veteran
| | Join Date: 16th December 2006 Location: Oxfordshire England
Posts: 4,077
Blessings: 1,418,588
Reps: 48,527,679,962,910,000 (power: 48,527,679,962,921) | | Originally Posted by oldwiseguy Tell this to the millions of undereducated, underpaid Americans that are delighted with their lives. Happiness and contentment is more precious than annual income or social status to many. I have turned down several jobs that would have made me a 'one percenter' because it would mean I could no longer hunt throughout the fall here in Wisconsin. I settled into a job that allows me more of this freedom than anyone I know. I account this a blessing from God, and I wouldn't trade it for any amount of money.
Utopia is on the way; there will be a lot more happy workers.
Pay in Michigan for the major car makers averaged over 50 dollars an hour in pay and benefits. In Mexico it is 4 dollars an hour. The level of automation in the Mexican factories is on average slightly higher than elsewhere so I would say the workers in Michigan can kiss their jobs goodbye.
In turn they will not have to worry about holiday flights and those other high stress occasions. They can stay at home, if they can afford the heating, and visit friends and relations nearby.
__________________
Christians are fine I just don't think they're ever going to get their religion to work |
13th June 2012, 10:23 AM
| | Senior Veteran
| | Join Date: 16th December 2006 Location: Oxfordshire England
Posts: 4,077
Blessings: 1,418,588
Reps: 48,527,679,962,910,000 (power: 48,527,679,962,921) | | Originally Posted by MattRose Other the last few months several polite requests were made by myself and others asking you to post a few quotes from your link in your OP...
No prob. M&M have the time right now to do the donkey work:
The Price of Inequality - by Joseph Stiglitz
M&M summary:
US has lower mobility as measured by income than
the developed countries. The US has the least
equality of opportunity of any advanced country.
Income and education of parents is the strongest
indicator of income and education of the child.
Joseph Stiglitz then recommends a more mobile society
where merit has more influence on success than it does
at present.
Quotes from the interview:
'The life chances of somebody from the top who
doesn't do very well at school are better than those
of a child from the bottom who does do very well at
school.
'That's striking because the great schools have
made themselves needs blind'
'If you don't go to the right high schools you won't
do well in the exams'.
'The system has this built in inequality and what is
so disturbing is that means it is more likely that the
level of inequality 20 years from now is going to be
even larger'.
'It is a more and more divided society'
'a two class society people living in gated
communities, armed guards people afraid to walk
out'
'what we have done is created an economy that is
not in accord with the principles of free markets'  |
14th June 2012, 09:23 AM
| | Sanctimonious Crackpot
73
| | Join Date: 4th February 2006
Posts: 7,252
Blessings: 259,772
Reps: 467,200,023,188,796,480 (power: 467,200,023,188,811) | | Originally Posted by MorkandMindy
'what we have done is created an economy that is
not in accord with the principles of free markets'
What 'we' have done is to gather ignorant savages from the third world, taught them to do simple repetitive tasks, then placed the economy of the developed world in their hands. |
14th June 2012, 11:15 AM
| | Senior Veteran
| | Join Date: 16th December 2006 Location: Oxfordshire England
Posts: 4,077
Blessings: 1,418,588
Reps: 48,527,679,962,910,000 (power: 48,527,679,962,921) | | Originally Posted by oldwiseguy What 'we' have done is to gather ignorant savages from the third world, taught them to do simple repetitive tasks, then placed the economy of the developed world in their hands.
The economic benefits are clear.
If you get 40,000 a year making something and the factory gets closed and replaced with one in Shenzhen China, that is good for you because the free market is a good thing.
The money saved by moving what was your job to China has made money for some multi billionaire in New York.
And the benefit from that is on it's way back via the 'trickle down effect'.
You don't have problems with self confidence or self image so you'll get another job, maybe at less money, and maybe you'll have to work through the night, but overall you will gain.
Everyone gains from the free market. |
14th June 2012, 11:19 AM
| | Sanctimonious Crackpot
73
| | Join Date: 4th February 2006
Posts: 7,252
Blessings: 259,772
Reps: 467,200,023,188,796,480 (power: 467,200,023,188,811) | | Originally Posted by MorkandMindy The economic benefits are clear.
If you get 40,000 a year making something and the factory gets closed and replaced with one in Shenzhen China, that is good for you because the free market is a good thing.
The money saved by moving what was your job to China has made money for some multi billionaire in New York.
And the benefit from that is on it's way back via the 'trickle down effect'.
You don't have problems with self confidence or self image so you'll get another job, maybe at less money, and maybe you'll have to work through the night, but overall you will gain.
Everyone gains from the free market.
I think you've nailed it.  |
14th June 2012, 11:23 AM
| | Senior Veteran
| | Join Date: 16th December 2006 Location: Oxfordshire England
Posts: 4,077
Blessings: 1,418,588
Reps: 48,527,679,962,910,000 (power: 48,527,679,962,921) | | 
Detroit used to be a big car making city. Now a lot of the factories are in Mexico.
But now there are more high up jobs.
Don't concentrate on the foreground, look down the street. On the right are hotels and there are plenty of jobs there, and on the left is the business district. I assume you have a degree, preferably a masters, you could do well there.
There are still plenty of good jobs. They may be a lot harder to get and pay less but they are still out there. And most likely they won't last ten years, but things are just as good as they ever were. |
14th June 2012, 11:29 AM
| | Senior Veteran
| | Join Date: 16th December 2006 Location: Oxfordshire England
Posts: 4,077
Blessings: 1,418,588
Reps: 48,527,679,962,910,000 (power: 48,527,679,962,921) | | | And as the nation comes apart the rising crime rate opens up opportunities for work in prisons.
I just can't tell you how much I'm looking forward to all the benefits that are yet to come from free trade. | | |
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