Hmm - adjusted dollars?
What about median capital in comparison to per capita.
Your figure will be masked by remarkable wealth that has been concentrated at the top since globalisism was the policy
Economics Thread
- Thread starter sturg33
- Start date
What about median capital in comparison to per capita.
Your figure will be masked by remarkable wealth that has been concentrated at the top since globalisism was the policy
nsacpi
Expects Yuge Games
Yes adjusted for prices...median or average...chose your weapon err metric
What about the gap between per capita and median? This is the whole idea that people like yourself look at the economy in the aggregate and don’t care all too much about its distribution.
Why do you think free trade is the primary driver of this?
sturg33
I
hilariously retarded and wrong
Only in the sense that countries with gigantic population densities have a much lower prevailing wage. Having fewer jobs for those countries doesn’t make that better.
nsacpi
Expects Yuge Games
Median will not be affected by distributional changes. My preferred metric would be median household income adjusted for prices.
You’re the one asking where *my* outrage is. I’ve consistently made it clear I disagree, so I’m curious as to why you’d ask me that question and then be surprised to find it’s the same as it’s always been.
I disagree with you on the effects of free trade on the middle and lower classes as well.
The funny thing to me is that a portion of the MAGA base and the left are saying many of the same things on Economics right now, but MAGA is now co-opting bad leftist economic policies while leaving intact other conservative economic policies that undercut the supposed benefits of the leftist policies.
sturg33
I
Walmart had quite a bit of commentary on tarrifs today. basically they have done their best to eat the costs as much as they can. Front loading the inventory helped in q1. but that will no longer be sustainable now that they've sold most of that inventory
all those rich millionaires about to get a higher grocery bill (by the way they already have higher grocery bills)
all those rich millionaires about to get a higher grocery bill (by the way they already have higher grocery bills)
I disagree that the solution is protectionist economic policy. People can’t afford to life on the front line blue collar jobs that already exist. Shifting other front line jobs from retail and services to manufacturing doesn’t do much for me.
They are, though at least some on the left seem to understand their policies might lead to lost domestic production and take other measures to account for that. MAGA is being led to believe we’re just dominating other countries now. I don’t know if that’s necessarily worse, but it’s different at least.
I’ve done HR in manufacturing, and it’s a lot more complicated than that. A lot of companies/industries are either starting out in similarly low pay ranges or have extremely volatile job security.