Economics Questions

Re: Paying foreign workers American Wages

cab21 — Tue, 04 Sep 2012 15:06:34 GMT

the worker part is from 1973, not 2010

http://www.epi.org/publication/ib330-productivity-vs-compensation/

whole both ceo and worker pay has risen, ceo pay raised more. by less, i mean rate of growth. so out out a companies increased productivity, wage earners likely have the least power and get the least gain with higher ups taking more of the gain.

here are a few on ceo

http://www.bloomberg.com/insight/ceopay.html

http://inequality.org/corporate-governance-pay-performance-greeds-good/

Re: Paying foreign workers American Wages

John James — Tue, 04 Sep 2012 14:12:02 GMT

To add on to Dave's demolition of your "more productive and paid less as a trend" nonsense, I have to point out in neither of those links did I find any evidence to suggest CEOs have been "less productive as a trend." I'm also interested to know how they define "pay" (i.e. what compensation does that include...and what does it leave out.)

Re: Paying foreign workers American Wages

Smiling Dave — Tue, 04 Sep 2012 12:47:57 GMT

About wages dropping. This is not a "trend", but rather an observation of one data point in 2010, a predictable outcome of the laws of supply and demand. When unemployment is about 15% [as measured the way it was in the time of the Great Depression], meaning supply of labor goes up [for whatever reason], wages will go down. Since employees are reluctant to take home less money, they prefer to work longer hours. Indeed, those asked about why they agree to work longer hours for the same take home pay said quite clearly that it was because they knew someone else would gladly take their job at the lower hourly wage if they refused.

Re: Paying foreign workers American Wages

cab21 — Tue, 04 Sep 2012 06:26:39 GMT

http://ishmaels.net/blog/?p=1468

here is one with the graph

it has the growth of ceos as higher than growth in profits and worker pay as lower than growth in profits

http://www.declineoftheempire.com/2011/03/gotta-love-that-worker-productivity.html

here is the worker productivity graph showing a higher rate of productivity to wages

Re: Paying foreign workers American Wages

John James — Tue, 04 Sep 2012 05:54:52 GMT

cab21:

workers arent paid based on productivity.

workers have been more productive and paid less as a trend and ceos have been less productive and paid more as a trend.

Link please.

Re: Paying foreign workers American Wages

cab21 — Tue, 04 Sep 2012 05:37:01 GMT

depends on the worker, the wage , and the company

workers arent paid based on productivity.

workers have been more productive and paid less as a trend and ceos have been less productive and paid more as a trend.

workers receiving more of the productivity would not hurt the local economy.

the ceo getting the big bonus for firing workers and taking the workers pension usaly does not work in the local economy.

the 5 dollor wage can be more or less than what people are currently making, and more or less than productivity.

Paying foreign workers American Wages

Norgath — Tue, 04 Sep 2012 05:08:39 GMT

Forget the fact that workers are paid based on their productivity, and assume that workers in say Guatemala are paid a "fair" wage say, 5 dollars an hour.

Wouldnt the new influx of money be inflationary and hurt the local economy pushing up prices and making things more expensive than they would be? Would this be a problem?