Stupid World

[Brian d marge]

Interesting.

In November 2012 the U.S. Census Bureau said more than 16% of the population lived in poverty in the United States.
The UN says that 17% of the US population live below 50% of the median income.

fk me an actual fact from Oscar ,,,, stop the world I want to get off

Snip from the US census dept ;
http://www.census.gov/prod/2012pubs/acsbr11-01.pdf

No wonder wages are stagnant - they're having to compete with El China with its 3 cents an hour wage structure.
Makes it cheap to get things made.

So nobody buys stuff made by workers getting a decent wage cos their stuff costs too much innit...

your making the link ...about now ya realising something aint right .......

Stephen

[mashman]

No wonder wages are stagnant - they're having to compete with El China with its 3 cents an hour wage structure.
Makes it cheap to get things made.

So nobody buys stuff made by workers getting a decent wage cos their stuff costs too much innit...

If that's what you're concerned about, then I'm afraid I've got some bad news for ya. SPOILER ALERT: It's going to get much worse.... according to James Wolfensohn former president of the world bank.

[Brian d marge]

If that's what you're concerned about, then I'm afraid I've got some bad news for ya. SPOILER ALERT: It's going to get much worse.... according to James Wolfensohn former president of the world bank.

this ones better

He does make some good points

Stephen

bollox just notice link didnt show ......hang on

http://

[mashman]

this ones better

He does make some good points

Stephen

Thing is though, even through my not giving a shit years I could see this on the cards. Moving production offshore to somewhere cheaper is only going to do 1 thing to "rich" country's that having nothing to offer in return. It ain't really a new thing is it? It's been at least 30 years in the making.

[scumdog]

If that's what you're concerned about, then I'm afraid I've got some bad news for ya. SPOILER ALERT: It's going to get much worse.... according to James Wolfensohn former president of the world bank.

Don't worry - I already know that.

I guess one day (maybe not in my lifetime) the Chinese et al workers will realise they could be paid more and after the dust and blood has settled there will be no cheap-from-China goods anymore.

The stuff made in the West might be cheaper - but the workers there might not be so happy.

And so it it goes...

[mashman]

Don't worry - I already know that.

I guess one day (maybe not in my lifetime) the Chinese et al workers will realise they could be paid more and after the dust and blood has settled there will be no cheap-from-China goods anymore.

The stuff made in the West might be cheaper - but the workers there might not be so happy.

And so it it goes...

So the historians have said. Doesn't have to be that way though.

[Ocean1]

So the historians have said. Doesn't have to be that way though.

Sure it does. If you didn't want it that way you wouldn't have bought that big fuckoff LED TV for a few bucks, you would've paid the $4k required to keep a western assembly line paid.

[avgas]

Don't worry - I already know that.

I guess one day (maybe not in my lifetime) the Chinese et al workers will realise they could be paid more and after the dust and blood has settled there will be no cheap-from-China goods anymore.

The stuff made in the West might be cheaper - but the workers there might not be so happy.

And so it it goes...

Read somewhere the average worker wage in China is now US$16,000

That is probably getting close to minimum wage US now.

[mashman]

Sure it does. If you didn't want it that way you wouldn't have bought that big fuckoff LED TV for a few bucks, you would've paid the $4k required to keep a western assembly line paid.

I haven't blown up any buildings either. Or murdered those I consider to be responsible for our current predicament. It's only a TV.

[mashman]

Read somewhere the average worker wage in China is now US$16,000

That is probably getting close to minimum wage US now.

I love average wage calculations... they offer so much hope where the reality is startlingly different... but hey.

[Ocean1]

I haven't blown up any buildings either. Or murdered those I consider to be responsible for our current predicament. It's only a TV.

But you are responsible for the current predicament, you only want to pay for the third world wages that make your shit but you expect to live in the first world.

But it's all someone else's fault, eh?

Anybody but you.

[avgas]

I can't find the original iceland post. I know its on the forums here somewhere.
But here is an interesting argument

[mashman]

But you are responsible for the current predicament, you only want to pay for the third world wages that make your shit but you expect to live in the first world.

But it's all someone else's fault, eh?

Anybody but you.

I am responsible for many things, however the prices that people charge is not one of them remember.

Primarily, yes.

Oh no, I take my share of the blame. Do you?

[avgas]

I love average wage calculations... they offer so much hope where the reality is startlingly different... but hey.

As do I - but seeing as both countries would fudge their calcs it did shock me that the 2 numbers were getting closer. I doubt china could lie any harder......does that mean that the US is getting honest?

[mashman]

I can't find the original iceland post. I know its on the forums here somewhere.
But here is an interesting argument

With debt forgiven there's instantly more money in the economy as people have money to spend... especially when it's the govt that's printing low interest/debt free money (that I can't find an answer to) the money. Hardly surprising there was a turn around. And good on them for doing it.

Still though, if they had have gone further and gotten their heads around getting rid of money, they may have made more of an impression on the world stage and they would have had exactly the same result.