Trickle down theory, did it work?

[tulc]

Don't try to spin this. The terms income inequality are not used in the entire article and only a couple of times was the concept of wealth addressed.

This is sick that we have become such weaklings in this country that so many are surrendering to circumstances, and are looking for government to have to lift them up at the expense of others because they are so weak minded.

What have we become in this country, a bunch of amoebas?

...you could always move to another country. There, problem solved.
tulc(thinks America is just fine)

 

[bexcellent]

...you could always move to another country. There, problem solved.
tulc(thinks America is just fine)

If Obama gets in, that will be a real consideration or stand and fight this disease.

 

[tulc]

If Obama gets in, that will be a real consideration or stand and fight this disease.

Wow. Dude, it's an election, they roll around every 4 years and America seem to survive whoever is in office, have a little faith in the system.
tulc(we've survived Bush, how bad can whoever follows himbe?)

 

[billwald]

Say the 20% works 80 hours a week. 20% of 80 is 16. 80% of all employees only work 16 hours a week? Doesn't compute. I found it hard to steal as much as 10 hours a week. Time went to slow. <G>

 

[bexcellent]

Say the 20% works 80 hours a week. 20% of 80 is 16. 80% of all employees only work 16 hours a week? Doesn't compute. I found it hard to steal as much as 10 hours a week. Time went to slow. <G>

The point is production, not looking busy.

 

[joebudda]

You are talking to the liberals I suppose?

Sorry I don't see people in these silly collective illusions, such as this "liberal" silliness. I see people as individuals. And any individual who wants to use force to control the market I am talking too.

 

[variant]

There:

http://management.about.com/cs/generalmanagement/a/Pareto081202.htm

Pull that out of your...

Nobody's holding a gun to your head and making you stay with that company. Maybe you should make a smarter choice.

I call BS on that theory. I have never worked anywhere where a huge percentage of the people working did not matter. It's this kind of managerial arrogance that destroys companies. Americans are the MOST productive people on the planet.

Oh, I'll go as soon as I find a better job. Financial obligations are more important than immediate happiness. My area and my line of work both pay very poorly even though it takes both skill and specialized education.

When I go the quality control department will implode, and be outsourced for a great deal more money than they pay me to keep it running. Several others will lose their jobs, and the management that refused to even negotiate with me for 3,000$ to bring me up to the average for a less responsible position in my area, and soured our relationship, will be moved up the food chain.

Such is life though, I'll be fine.

 

[Axioma]

You know you're running a great democracy when the only choice you can think of to offer dissenters is to leave.

 

[variant]

You know you're running a great democracy when the only choice you can think of to offer dissenters is to leave.

It's never been a terribly good argument to say people should leave. I do think certain people really should go tour some of the countries that have no economic controls though.

I mean communism and state socialism is one thing but are people like joebubba would throw out good measures like FDIC insurance just because they attempt to 'control the market'.

The fact that any of us can leave is actually a measure of liberty that says America is at least better than totalitarian governments where you can’t.

 

[tulc]

You know you're running a great democracy when the only choice you can think of to offer dissenters is to leave.

Why stay some where that you consider those who disagree with you "amoebas"?
tulc(just seemed like an easy solution)

 

[FTPolice]

Don't try to spin this. The terms income inequality are not used in the entire article and only a couple of times was the concept of wealth addressed.

This is sick that we have become such weaklings in this country that so many are surrendering to circumstances, and are looking for government to have to lift them up at the expense of others because they are so weak minded.

What have we become in this country, a bunch of amoebas?

Spin what. Let's look at the very first sentence.

In 1906, Italian economist Vilfredo Pareto created a mathematical formula to describe the unequal distribution of wealth in his country, observing that twenty percent of the people owned eighty percent of the wealth.

Beyond that it's kind of retarded anyway. All it is after that is "Hey, are you in community college? Yes? Well let me tell you about this useful management tool."

So, once again, that article does not say what you think it says or what you want it to say.

 

[FTPolice]

His programs were a joke that people still understand to this day.

My high school gymnasium was built by those wonderful programs and had to have a steel framework constructed around it to hold it up because the workmanship was so shoddy.

See how many of those who lived through that like my parents who are supporting Obama.

Gaaaa! How dare he use government spending to bring us out of the depression.

 

[billwald]

THE ECONOMIST estimates that the bottom 40% in the US grosses $20K or less. The median income is around $27K. The top 10% average $93K. Does this indicate that trickle down is working? Drip, drip, drip.

Say the median pay of the patrons in a tav is $27K and the average pay is $29K. Bill Gates walks in. The median pay increases to $28K and the average pay increases to $10,000,000. How many people are in the tavern?

The point . . . if the pay rate could be represented by a bell curve then the median and average pay would be the same. In the US, the pay individual pay scales are greatly skewed toward the right.

By the way, the Everett Herald reported that average pay of a Boeing engineer (before settlement) is $92,235 and the pay of technical workers in SPEEA is $68,485. Note - if these are company numbers they would represent total compensation.

 

[Wyzaard]

Don't try to spin this. The terms income inequality are not used in the entire article and only a couple of times was the concept of wealth addressed.

Actually, this:

"The 80/20 Rule means that in anything a few (20 percent) are vital and many(80 percent) are trivial. In Pareto's case it meant 20 percent of the people owned 80 percent of the wealth. In Juran's initial work he identified 20 percent of the defects causing 80 percent of the problems. Project Managers know that 20 percent of the work (the first 10 percent and the last 10 percent) consume 80 percent of your time and resources. You can apply the 80/20 Rule to almost anything, from the science of management to the physical world. You know 20 percent of your stock takes up 80 percent of your warehouse space and that 80 percent of your stock comes from 20 percent of your suppliers. Also 80 percent of your sales will come from 20 percent of your sales staff. 20 percent of your staff will cause 80 percent of your problems, but another 20 percent of your staff will provide 80 percent of your production."

Is practically mysticism. But looking further, we find this:


"There is a management theory floating around at the moment that proposes to interpret Pareto's Principle in such a way as to produce what is called Superstar Management. The theory's supporters claim that since 20 percent of your people produce 80 percent of your results you should focus your limited time on managing only that 20 percent, the superstars. The theory is flawed, as we are discussing here because it overlooks the fact that 80 percent of your time should be spent doing what is really important. Helping the good become better is a better use of your time than helping the great become terrific."


Ooops...

This is sick that we have become such weaklings in this country that so many are surrendering to circumstances, and are looking for government to have to lift them up at the expense of others because they are so weak minded.

Hmmm... this deserves no comment.

 

[Wyzaard]

We need to let go of this silly immature fantasy that we can use force to control the market. The market is nothing more then human interaction.

Which typically uses force and controls in order to manage it's functions and purposes.

 

[FTPolice]

Which typically uses force and controls in order to manage it's functions and purposes.

joebudda is an anarcho-capitalist and nothing he says should be taken seriously.

 

[jamesrwright3]

In Obama's policy;
the owner can now retire

Yes and live on a meager social security check

the waiter buys the restaurant

Maybe if he hits the lotto or has been saving for a lot of years.

the homeless guy now has a job at the restaurant

Sorry most homeless people don't want to work and refuse help.

and the restaurant goer gets a bigger steak at the same cost as before

Sorry no such thing as a free lunch.

 

[Wyzaard]

Sorry most homeless people don't want to work and refuse help.

I call shens... evidence???

Sorry no such thing as a free lunch.

Getting a bigger steak for less isn't a free lunch... just a better deal.

 

[Wyzaard]

joebudda is an anarcho-capitalist and nothing he says should be taken seriously.

Aka... "Warlordism"

 

[Braunwyn]

Actually, this:

"The 80/20 Rule means that in anything a few (20 percent) are vital and many(80 percent) are trivial. In Pareto's case it meant 20 percent of the people owned 80 percent of the wealth. In Juran's initial work he identified 20 percent of the defects causing 80 percent of the problems. Project Managers know that 20 percent of the work (the first 10 percent and the last 10 percent) consume 80 percent of your time and resources. You can apply the 80/20 Rule to almost anything, from the science of management to the physical world. You know 20 percent of your stock takes up 80 percent of your warehouse space and that 80 percent of your stock comes from 20 percent of your suppliers. Also 80 percent of your sales will come from 20 percent of your sales staff. 20 percent of your staff will cause 80 percent of your problems, but another 20 percent of your staff will provide 80 percent of your production."

Is practically mysticism. But looking further, we find this:


"There is a management theory floating around at the moment that proposes to interpret Pareto's Principle in such a way as to produce what is called Superstar Management. The theory's supporters claim that since 20 percent of your people produce 80 percent of your results you should focus your limited time on managing only that 20 percent, the superstars. The theory is flawed, as we are discussing here because it overlooks the fact that 80 percent of your time should be spent doing what is really important. Helping the good become better is a better use of your time than helping the great become terrific."

Thanks for posting this.

I call shens... evidence???

+1