Read this huge pile of MIERDA from the New York Times:

[marmar]

American Wages Out of Balance

By EDWARD HADAS, MARTIN HUTCHINSON and ANTONY CURRIE
Published: November 10, 2009


American workers are overpaid, relative to equally productive employees elsewhere doing the same work. If the global economy is to get into balance, that gap must close.

Of course, workers in the United States should earn more than their peers in China, Moldova or Vietnam. Americans take advantage of the higher productivity that makes their country rich: better education and infrastructure, abundant capital and a strong work ethic. But how much higher should American wages be?

The answer depends in large part on two measures: the difference in productivity in making goods that can be traded across borders, and the quantity of such goods. Both measures point to a narrowing wage gap.

Many factors are raising productivity in poor countries. Fast development, cheap capital and more efficient shipping all help. Cheap communication via the Internet reduces costs and makes it easy to trade many more goods and especially services.

The global wage gap has been narrowing, but recent labor market statistics in the United States suggest the adjustment has not gone far enough. ..........(more)

The complete piece is at: http://www.nytimes.com/2009/11/11/business/11views.html?_r=1&scp=1&sq=many%20factors%20are%20raising%20productivity%20in%20poor%20countries&st=cse

[Walk away]

1. Maybe we should just become slaves!

Since we won't be able to afford to educate ourselves and most of us still won't have effective health care we might as well go live in shacks and work for gruel.

I think the National Chamber of Commerce would love it and we could really give the third world a run for it's money!

[Sarah Ibarruri]

2. 1) Edward Hadas is a right wing Christian....

2) Martin Hutchinson has written for The Globalist and Money Market, both which stand for anything to enrich the rich and destroy the ordinary, average human

3) Antony Currie writes for Euromoney.

What could we possibly expect from trash like these 3?

[Bitwit1234]

3. He could work for free and donate

what he would have made to some charity. Always wanted to know how to spell crap. (??)

[live love laugh]

4. WTF? This is ludicrous. I wonder if the authors think they make too much? nt

[Danger Mouse]

5. Only when these three stooges are first in line to take a pay cut.

[lonestarnot]

6. Caca alright. Saw it earlier.

[Bonobo]

7. I'm reccing this so we all know what we're up against.

We're starving and overworked. Productivity has increased even as the number of employees has dropped. I'd say we're working harder than ever and our real wages have been deadlined for almost a decade.

NOW THESE BASTARDS have the temerity to put this bullshit out there.


Well, fuck them and anyone who looks like them, I say.

Their masters have told them to put out this story but we know it's bullshit.

[AdHocSolver]

8. Productivity is merely a propaganda term like "free trade" and "global economy".

The term "productivity" is supposed to be correlated in the listener's mind with the term "efficiency", which is considered a good thing. Efficiency for a car would mean, for example, getting the most miles per gallon of gasoline. A high efficiency light bulb would imply getting the most light output (lumens) for the least amount of power input (wattage). A fluorescent bulb or an LED light source is more efficient than an incandescent bulb because it provides the same or greater light output at a lower power input.

However, the real meaning of the word "productivity" refers to getting the most output for the least possible cost in order to maximize profit. So a corporation increases productivity by laying off half its employees, and makes the remaining employees do twice the work while taking a 15 percent pay cut, as the executives give themselves hefty bonuses for "increasing productivity".

By this definition, the most productive business entities were the slave labor camps of Nazi Germany and the Soviet Union.

[Brewman_Jax]

9. That's true

especially those corporate executives! They make over 400 times the average worker, and over 100 times their corporate counterparts in Europe and Asia. Maybe if THAT gap were shrunk, the economy would stabilize and there wouldn't be a "jobless" recovery.