US corporations flush with profits

[Flip McWho]

Originally posted by One_more_turn
Why high corporate profits will promote wage growth?

And none of the examples you provide have anything to do with the vaster majority of people who are unskilled.

This Trend Is The Result Of The Rising Developmen In The Rest Of The World. No Politician's Economic Policies Are Going To Be Able To Alter This. Perhaps Its Time For Those Other 2/3's To Value Education A Bit More.

Economic no, though it could help soften the impact.
Education yes. Education policies need a change

[chequita guevara]

Re: US corporations flush with profits

Originally posted by DanS
This is good news for ordinary workers because it indicates that hefty raises and hiring are around the corner.

Bull****.

[MRT144]

i just dont get how DanS can be constantly upbeat. its like he got stuck in the mid 80s with a scarface sized pile of coke or something.

[JohnT]

DanS didn't spend his time getting wasted, rebelling against the "establishment", making bad loans to gamblers, and getting involved with porn, I would wager. Neither did I and I'm pretty optimistic too.

[DanS]

Consistent optimism is a rational bet that I have made. The bet is a sure thing over the long run.

Consistent pessimism is irrational.

[DinoDoc]

Re: Re: US corporations flush with profits

Originally posted by chegitz guevara
Bull****.

Would this be a bad time to say that I have a raise coming in June?

[MRT144]

Originally posted by JohnT
DanS didn't spend his time getting wasted, rebelling against the "establishment", making bad loans to gamblers, and getting involved with porn, I would wager. Neither did I and I'm pretty optimistic too.

oh shut the **** up with that. Ive learned a valuable lesson from my experience. you also erroniously think that im not optimistic at all with my life. I am way more optimistic now than before, and my life is headed in a good direction. now why would you even try to make a slight at me about this, about my personal life, when it was total non sequitar to what i said (although i can see how you would misconstrue what i did say).

Secondly theres blind optimistic cheerleading about the economy which i feel dan does too often. i think he likes to focus on positives and skirts negatives which will need to be dealt with.

[DanS]

My optimism is in no way blind. It is based on a rational look at the economic world. The scales are tipped in the favor of the consistent optimist.

[One_more_turn]

Lots of cynism here. Unskilled labor force is becoming an ever-shrinking minority in the US, whose jobs will be increasingly outsourced to other low income countries. Therefore, we must focus on how skilled work force are doing in our country.

Buyouts are also great for encouraging start-ups. If you can get paid millions for developing a new technology that some big guys find interesting, there will be thousands of them trying to imitate this approach. New startups need hire more people, often raiding employees from large bureaucratic outfits such as IBM and Intel, buy equipment, and obtain financing (which benefits banks mostly).

When buyouts are not possible, and the big guys slug each other out, the benefits for employees are also tremendous. Right now, AMD and Intel are engaged in a massive fights for engineering sources. AMD recently raided the famous processor designer Sam Naffziger from Intel and is openly challenging Intel by opening its own design center near Intel's site in Fort Collins. Of course, AMD has to offer better benefits to attract people away from a supposedly industry leader, and Intel will not stand idle to let AMD drain its best peole.

Bitterness, cynism, and lack of motivation will not get you very far today, and certainly will not bring happiness.

[Velociryx]

You guys are NOT going to convince Che (or any red, for that matter) that anything good can come from capitalism, save for its own death (and eventual replacement) by the Big Red Pony.

He's programmed....hard wired to respond with a plithy one-liner like "Bull****" (also popular with many other reds, who, when their ideology fails them, but they still wish to express general discontent against the truth, often likewise resort to this very same response) to the notion that wages can and have been rising for "the masses." (one need only to cast a passing glance at the quality of life for those "masses" living at the dawning of the industrial revolution, and then compare with where we are now), but *shrug* to acknowledge something like that would be to blast a gigantic hole into his entire economic and political ideology.

In short....you're not gonna convince a "true believer"...

[Ted Striker]

Originally posted by DanS
Consistent optimism is a rational bet that I have made. The bet is a sure thing over the long run.

Consistent pessimism is irrational.

Not really, Roland is the exact opposite of you and he was right for about 5 years straight.

[DanS]

If you replace "right" with "wrong" in your post, I agree fully.

[Imran Siddiqui]

Optimism

If you look at world production (a world GDP if you will) over the long run (I don't mean a decade by long run, btw ), it's been consistantly rising. Sure we've had some bad spells over the years (Great Depression to name one), but the long term trend is up!

[MRT144]

also it was spec, another degenerate in your book aparently lent out money, not me.

[Flip McWho]

Optimism is all well and good. Hell I agree with you guys that long term GDP and all that stuff up are good things.

But you've always gotta ask the question for who?

One_More_Turn,

All unskilled jobs can't be outsourced. There will always be jobs for unskilled workers in any domestic economy. You seem to just ignore them.