solitary poor nasty brutish and short

the big five of  pure private profit dependent wage base existence

particpate participate

two segments for the beveridge curve ?

that looks normal enough


then comes this ....





that ugly
   scorpion  tail

might be mutely
signally  at us

" trouble... mal function..... mal function

""[T]he current recession does not appear fundamentally different from prior ones, except that it is worse," "

two amerikas aging apart

.

 

thise chart cries out "open the border doors wider ...wider ...wider "

more starts but not more hard hats ?

the great millenial turn into the wage/profit x move

another look at income polarization

ANNOTATED CHART-GUIDE TO THE MIDDLE CLASS CRISIS

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You might like:

 

ace moglu is he conflating entrepreneurs with producers ? this is one for owen

"Abstract:
Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent world, would we expect all countries to adopt the same institutions? To provide theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and potentially contribute to advances in the world technology frontier. A greater gap of incomes between successful and unsuccessful entrepreneurs (thus greater inequality) increases entrepreneurial effort and hence a country’s contribution to the world technology frontier. We show that, under plausible assumptions, the world equilibrium is asymmetric: some countries will opt for a type of “cutthroat” capitalism that generates greater inequality and more innovation and will become the technology leaders, while others will free-ride on the cutthroat incentives of the leaders and choose a more cuddly form of capitalism. Paradoxically, those with cuddly reward structures, though poorer, may have higher welfare than cutthroat capitalists; but in the world equilibrium, it is not a best response for the cutthroat capitalists to switch to a more cuddly form of capitalism. We also show that domestic constraints from social democratic parties or unions may be beneficial for a country because they prevent cutthroat capitalism domestically, instead inducing other countries to play this role. "



 
" we develop a simple model of economic growth in a world in which all countries benefit and potentially contribute to advances in the world technology frontier" ". A greater gap of incomes between successful and unsuccessful entrepreneurs (thus greater inequality)  increases entrepreneurial effort and hence a country’s contribution to the world technology frontier"



  the meidner dilemma wage solidarity plus uneven profit production  artificially contrived  scarcity monopsonistic and monpolistic  pricing  power

"The United States is also

widely viewed as a more innovative economy, providing greater incentives to its entrepreneurs

and workers alike, who tend to respond to these by working longer hours, taking more risks and

playing the leading role in many of the transformative technologies of the last several decades

ranging from software and hardware to pharmaceuticals and biomedical innovations."

 or is there  a  social democrat bribed layer
because wage solidarity is non existent


lots may hide inside that closet eh ??

butr ace here has his

entrepreneurs
 do they share their unequal  gains  more or less with their "employees"

loook here too

Table 2 Labour productivity in 2007, % of the US figure

	SWE	DEN	FIN
Total economy	83	76	80
Market sector	89	75	86
Manufacturing excl. ICT industries	93	62	113
ICT	235	35	102
Trade	100	129	135
Transport and storage	50	73	82
Finance and business	74	70	38
Personnel services	48	92	58
Non-market services	67	79	63

loook at that bottom stat line .....

	USA	SWE	DEN	FIN
Triadic patents per million of population	48.7	88.3	60.5	63.9
Business expenditure on R&D, % of GDP	2.01	2.78	1.91	2.77
Researchers per 1000 of employed	9.5	10.6	10.5	16.2
Venture Capital, % of GDP	0.12	0.21	0.16	0.24
Worker reallocation, 2000–2007, %	43.3	32.0	45.5	39.8

ass blast this termite

how long must this go on ?

study "finds" unions boosted skill free pri sec wages

From 1973 to 2007, private sector union membership in the United States declined from 34 to 8 percent for men and from 16 to 6 percent for women. During this period, inequality in hourly wages increased by over 40 percent. We report a decomposition, relating rising inequality to the union wage distribution’s shrinking weight. We argue that unions helped institutionalize norms of equity, reducing the dispersion of nonunion wages in highly unionized regions and industries. Accounting for unions’ effect on union and nonunion wages suggests that the decline of organized labor explains a fifth to a third of the growth in inequality—an effect comparable to the growing stratification of wages by education."
http://www.wjh.harvard.edu/soc/faculty/western/pdfs/Unions_Norms_and_Wage

value added pie re cut since nixon

Table 1

Table 1 (continued)

Reconciling growth in median hourly compensation and productivity, 1973–2011 1973–79 1979–95 1995–00 2000–11 1973–11 A. Basic trends (annual growth) Median hourly wage -0.26 -0.15 1.50 0.05 0.10 Median hourly compensation 0.56 -0.17 1.13 0.35 0.27 Average hourly compensation 0.59 0.55 2.10 0.95 0.87 Productivity 1.08 1.29 2.33 1.88 1.56 Productivity-median compensation gap 0.52 1.46 1.21 1.53 1.30 B. Explanatory factors (percentage-point contribution to gap) Inequality of compensation 0.02 0.72 0.97 0.59 0.61 Shifts in labor’s share of income 0.03 0.23 -0.40 0.69 0.25 Divergence of consumer and output prices 0.46 0.51 0.64 0.24 0.44 Total 0.52 1.46 1.22 1.52 1.29 C. Explanatory factors (percent contribution to gap) Inequality of compensation 4.8% 49.6% 80.0% 38.9% 46.9% Shifts in labor’s share of income 5.5% 15.4% -32.5% 45.3% 19.0% Divergence of consumer and output prices 89.7% 35.0% 52.5% 15.8% 34.0% Total 100.0% 100.0% 100.0% 100.0% 100.0% Note: Totals for panels A and B do not exactly match due to rounding Source: Analysis of Mishel and Gee (2012) Table 1

scooping up the rent

To get to the constrained Pareto e

fficient outcome, the social planner would have to tax away

pure pro

fits to subsidize wages until w∗ = F (L)

L

. But:

•

The social planner’s solution will be more socially efficient but will not generate a Pareto

improvement.

•

Taxation will make firms strictly worse off and workers better off.

•

Unless workers and firms are the same people, this welfare improvement requires redistribution.

•

Hence, this model suggests a violation of the Second Welfare Theorem: efficiency and

distribution are

not separable problems in this economy.

1.12 Summary

This

we need wage rate targets and employment targets

double SS retirment payments now : today SS rp replace only about 33 to 40 percent of pre-retirement income for the average wage earner, compared to other nations like Germany or France where it replaces 70 percent "

labor's share

big box Yawm al-Din

coming soon to the malls around u ?

falling off the employablity cliff

top cut follies

"More Americans than ever (39%) now think that if people can’t find work for an extended period of time, the government should do nothing at all to help them, according to a new Rasmussen Reports national telephone survey. Only eight percent (8%) feel their unemployment benefits should be extended indefinitely, down four points from October . "

"Thirty-two percent (32%) of Adults believe the government should pay for their retraining, tying April’s high."




"  Just 12% think the government should hire the long-term unemployed."

they fear we might tarnish their brands their name plates their reputation rents

job market/ unemployment dynamics

working retail from both ends

warehouse and show room

two entry points
two union efforts
in thru
the butt
or in thru  the mouth

i'm a butt man myself

others can take on the  mouth

why i now focus on big box/mall retail

that's where the biggest concentration of  bottom wrungers
clinging to the great  american  success ladder
 go to earn their "keep "
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ya them were the days


but viola :




factory work ....let alone studio work ?

nope

raise the base !

hartz mountain bird seed reforms may be positive long run lever

Peter Hartz.

aka herr bird seed

job time redistribution can lead to a new normal for weekly hours

yes we want  adequate numbers of net new full time jobs
but full timehours needs to  decline
even as bottom 40% hourly wage rates  are lifted by organization

of course nothing suggests the german miracle will spread to norte amigo

but

german unemployment ...as a head count has declined even as total hired hours has declined
in fact german total hours declined faster then any where else

more jobs/ less median/mean  hours

make the landlords and their bankers pay !

every city fast food shop
 every mall retail shop
has a lease with a landlord
when's it up ?

okay part of any deal to stop the disruption
has to include this proviso
you the operator will re negotiate next time
 to cut into the landlords "pure rent stream "
and pass  those funds transparently  thru to the employees


---------------------------------------
complexity:

the bankers

commercial landlords usually mortgage up their ground rent
(their  pure location specific rent stream )
so now the mortgage holders are the receivers of this rent stream....

bombard the NLRB !

rally lines

"wake up NLRB "
"wake up  to  reality "
"we gotta  pandemic going on out here "

"a  plague of unfair labor practices"


that  and

" make the landlords pay "

"the bottom 40 percent of families earn less than they did almost a quarter of a century ago"

ya


 and we can organize lots of em

the cash cowing of hostess.... in pig english its fucking looting

we nearly elected

this  leading acolyte of the golden cash cow cult


president  of the united states


if it was up to the male white wage class we would have


america is a cash cow

the globe's biggest
infra  structure depletion allowance