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August 11, 2015
This is 'more damaging...than the Great Recession'
"Productivity growth is the primary driver of gains in real wages." - Paul Ashworth, chief U.S. economist at Capital Economics
1. When your job is outsourced to China to improve productivity, what happens to your paycheck?
2. When your job is replaced by a fully automated factory robot to improve productivity, what happens to your paycheck?
3. If the high speed androids of the future are able to work each and every hour of each and every day to improve productivity, what will happen to your paycheck if you can't keep up with them?
Your paycheck becomes a crock of @#$%. That's what. Sigh.
Tuesday: Richmond Fed Mfg
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Tuesday:
• At 10:00 AM ET, *Richmond Fed Survey...
12 hours ago
10 comments:
Henceforth corporate biological components formerly known as employees will now be classified meatsack cost centers.
Meatsack cost centers? Hahaha!!!
I really shouldn't laugh. Shame on both of us, lol. Sigh.
Well, if we would just listen to Mish and completely embrace free markets everything would take care of itself. Just like during the Great Depression.
Joking aside, based on evidence over the past several decades, wage gains are bullsh$t. Financial tomfoolery is the path to real wealth gains.
heck, fraud is a better driver of real wage gains than productivity for the majority!!!!
What? And risk getting fired if they catch you doing your job?
mab,
heck, fraud is a better driver of real wage gains than productivity for the majority!!!!
Agreed, at least until the fraud is fully automated! Shouldn't take more than a few years though, so we shouldn't party too hard!!
Joking aside...
Oops! No, wait. Not sure I was joking. Never mind, lol. Sigh. :(
Rob Dawg,
All fraud must be delegated to the recent new hires so that plausable deniability is possible! Sigh.
Thank god fraud is only engaged in by Ukrainian hackers and not TBTF financial firms.
Agreed, at least until the fraud is fully automated!
Once the fraud is automated, maybe we can have some indictments!
Server 334468744477564, you are hereby and irrevocably sentenced to remain at Goldman Sachs until obsolescence!
dd,
TBFFTGITW!
(Too Big For Fraud To Get In The Way)
mab,
So saith server 334468744477565!
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