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| Productivity and Costs: Work Harder SLAVE! in forum [Market-Ticker]
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Randy123
Posts: 5785
Incept: 2008-09-24
Earth
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Yep. My cost of living goes up about 3-5% a year I'd guess. My pay goes up 2% or less. Someday I will have nothing.
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Azengrcat
Posts: 184
Incept: 2010-05-31
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Hiring freezes, 105% yield minimums for workers, and only contract workers to deal with overflow. This is under the assumption of 0% growth for 5 years going forward.
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Trades50
Posts: 4217
Incept: 2007-10-30
Land of Tax and Spend
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A way to for the banksters to force everyone to be surfs. Force anyone else not in debt to be in debt. Just to maintain a living, buy that car to work, they are forcing people to borrow. To keep the game going a bit longer. Until they have every nook and cranny loaded with debt.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Themortgagedude
Posts: 8853
Incept: 2007-12-17
saint louis
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Only one way to go. You hit the nail on the head a couple of years ago when you stated we couldn't continue to compete against offshoring to countries with slave labor conditions, manipulated currencies, and no environmental standards. To continue to pretend that we can will just lead us toward parity with those other economies.
Wouldn't it be better to try to help them up to our level of living rather than drag the working man down to their level. I'm not sure how that is done though as we now stand 6 or 7 billion strong on a rock with finite resources.
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I'm already visualizing you with duct tape over your mouth.
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Gates
Posts: 6276
Incept: 2008-01-29
Scottsdale
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Easy - kill off their work force, worked great in the 1940's...
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Preidt2
Posts: 552
Incept: 2009-07-31
spokane/wash
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THE lieing lawyer says things are better in america...even with 16 TRILLION DEBT
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Puppets Under Destruction
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Randy123, Quote:Yep. My cost of living goes up about 3-5% a year I'd guess. My pay goes up 2% or less. Someday I will have nothing. Sounds EXACTLY like Gen's lessons on the basic math of what happens with 'two exponential curves'. . . . 
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to history’s first Double Dip Depression |
End_the_bubbles
Posts: 9523
Incept: 2009-03-25
The New 3rd World
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Karl, I believe your second to last sentence needs a fix - Genesis wrote..There's something nothing here to like.
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In the long run even the most despotic governments with all their brutality and cruelty are no match for ideas. Eventually the ideology that has won the support of the majority will prevail and cut the ground from under the tyrant's feet and rise in rebellion to overthrow their masters.
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Anti
Posts: 4298
Incept: 2007-10-09
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Quote:Wouldn't it be better to try to help them up to our level of living rather than drag the working man down to their level. Sir James Goldsmith wrote a book, "The Trap" in the 1990s where he talked about this. He predicted the effect that giving away access to our markets has had. The way to bring them up was to invest in them and build manufacturing there for their OWN market. Some western capital and know-how would accelerate development and improve their lot within the needs and structure of their societies. I can imagine things like an African factory making all different and special kinds of water pumps that would be helpful to daily life there. If I remember right, free trade would be amoung countries at equal development levels. Also, IMO, we, the US, ought to limit our involvement to non-communist countries with established property rights and rule of law (which would mean we wouldn't be able to be involved with ourselves at the moment, sadly).
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Health is better than health insurance
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Newcub14
Posts: 423
Incept: 2007-08-26
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Randy - I hear what you are broadly saying - but aren't you a teacher?
So you get 1. contract raise plus 2. annual step increase.
I've never seen a combination of those two under 2% in this state.
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Randy123
Posts: 5785
Incept: 2008-09-24
Earth
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Newcub,
That would be incorrect. Last year I had a paycut. Here's how it worked. My district was frozen, i.e. same salary no move. Second, the cost of healthcare which we pay part of the premium went up so I took less home in my paycheck than the year before. I was mainly giving an average of the last few years. I may be lucky to get 2% moving forward, who knows...I'm all for shared sacrifice by the way...I just hate seeing bull**** inflation in needs when it doesn't have to happen.
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Degaston
Posts: 2264
Incept: 2007-07-27
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Randy123, maybe you should go on strike and then have Rahm Emanuel cave in before election day and ensure you have an automatic 4% per annum pay hike like you're used to getting as a government leech while the rest of America has been flat the last decade. Or maybe this won't work IF you're not a Chicago public school teacher and you have to play by the real rules of labor laws, environmental laws, and NAFTA/GATT.
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3/17/2013: Bullish on nothing - 100 percent in cash.
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Randy123
Posts: 5785
Incept: 2008-09-24
Earth
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I'm glad that's what you got from my post. You obviously haven't paid much attention to my views. I voted for Christie, by the way, and against my own self-interests. The problems facing America are more vast than bashing public employees or anyone else. Wise up.
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China is the Enemy. Wake Up.
New Normal. Same As The Old Awful.
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Cutemloose
Posts: 699
Incept: 2008-02-12
Southern England
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I'm not sure eactly how this data is raised, but if there is any NVA (non value add... for example a telephonist) employees in this data set then the change in productivity could be the result of these people being laid off. It would look like a change in productivity and a change in cost per unit output- but actually the workforce has simply been trimmed and some customer service lost.
If it is strictly only direct labor then Karls point stands.
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Disclosure: I am of the Austrian school, of Rothbardian persuasion. I believe in minimal government. Spent 5 years and possibly $1million to see if business can be run on this basis (leaderless). Good news for me is that it can, and profitably, bad news is that it only works with responsible people.
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Jstanley01
Posts: 8182
Incept: 2008-07-30
San Antonio, Texas
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You can't cheat an honest man. ~P.T. Barnum
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Peterm99
Posts: 4993
Incept: 2009-03-21
SoCal
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Cutemloose -
Be careful with your definitions/assumptions. Just because an employee isn't directly producing a company's primary product, that does not necessarily mean that he's a non-value-add (NVA) employee.
I'd expect that for most private businesses, the real NVA employees were eliminated a long time ago. (Unless, of course, the companies got various types of subsidies from various gov't entities to keep them on.)
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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed
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Cutemloose
Posts: 699
Incept: 2008-02-12
Southern England
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Pete, yes I agree.
In my experience when markets change the results are complicated and throw up anomalies. For example -cutting back of new product development may mean some layoffs in the design dept.- folk who used to add-value are now excess to requirement. $ turnover may not be down but head count is. This may make productivity look better- but it’s at the expense of new product pipeline.
In the UK many companies were holding onto staff in preparation for the coming uptick (as a result of stimulus), they were told it would be a matter of a few quarters. They can wait only so long before they shed these excess folks.
The companies that shed the folks early are the ones that are now stable and still sat on their cash reserves; the companies that believed the “it’ll be all over by xmas” official line have burnt through their reserves and are now looking fragile.
I guess I was hoping to understand more about the detail of this data set- my question is just about trying to understand the source data better than to question Karls conclusion.
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Disclosure: I am of the Austrian school, of Rothbardian persuasion. I believe in minimal government. Spent 5 years and possibly $1million to see if business can be run on this basis (leaderless). Good news for me is that it can, and profitably, bad news is that it only works with responsible people.
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Katniss99
Posts: 28
Incept: 2012-06-05
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"Yep. My cost of living goes up about 3-5% a year I'd guess. My pay goes up 2% or less. Someday I will have nothing."
Exactly. We are in a race to the bottom.
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Brewcrew2
Posts: 149
Incept: 2011-02-18
New Jersey
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Funny that this was posted yesterday. Our team (support staff) received word today that since the company is doing so well, we need to add a 3rd shift to meet peak seasonal demand. Yay! The catch is, the execs have decided to not add headcount for the support teams, only for production teams. So the four techs we have will need to cover 3 shifts a day, 6 days a week. No overtime either, but hey, we'll figure it out!
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