schmata: from rags to riches to rags

[JMK]

And there it is. Hey everyone, it's Obama's fault!

 

[constant struggle]

i already said we don't have a free market...

 

[breakz]

Originally Posted by constant struggle

Do you realize the last 30 years, the federal reserve has destroyed our purchasing power as citizens?

This is a charming thought; I PM'd you to avoid derailing any more.

 

[dfagdfsh]

Originally Posted by constant struggle

i already said we don't have a free market...

so the idea that competition is the solution to market inequalities is wrong.

I don't think we should have artificial salary limits, but saying that the solution to any problem within an industry is to: a. buy into the company (because every company is publicly traded and all the shares necessary are available every time, right?) or b. through competition is inane.

the core issue here is americans do not want to pay the prices necessary to support american manufacturing. the solution to this would be massive subsidies or tariffs to make foreign produced goods priced similarly, but there would be large-scale negative consequences to these actions.

 

[breakz]

Originally Posted by Teger

the core issue here is americans do not want to pay the prices necessary to support american manufacturing. the solution to this would be massive subsidies or tariffs to make foreign produced goods priced similarly, but there would be large-scale negative consequences to these actions.

spot on. consider that luxury clothing itself is already niche, so american-made, american heritage luxury clothing is, at best, a niche within a niche. This is why we won't see American textile manufacturers rising from the dead anytime soon.

also lol @ the idea of a tariff war. that could be worse than a world war.

 

[constant struggle]

Originally Posted by Teger

so the idea that competition is the solution to market inequalities is wrong.

I don't think we should have artificial salary limits, but saying that the solution to any problem within an industry is to: a. buy into the company (because every company is publicly traded and all the shares necessary are available every time, right?) or b. through competition is inane.

the core issue here is americans do not want to pay the prices necessary to support american manufacturing. the solution to this would be massive subsidies or tariffs to make foreign produced goods priced similarly, but there would be large-scale negative consequences to these actions.

I was obviously being snark and saying if you don't like it, you can do this to combat that CEO... have fun... obviously not an easy solution for most

 

[DrPat]

Originally Posted by Mauro

^^ i honestly don't know but I thik if teachers saleries where higher it would make the teaching field more competitive and should produce better teachers.

One of the major problems with education is that the field has little prestige and therefore the worst students are the ones who become teachers. Here is a list of GRE scores ranked by intended college major. Education is near the bottom for all categories.
http://www.ncsu.edu/chass/philo/GRE%...te%20Major.htm

Finland has the best education system in the world. Although teacher salaries are not very high it's considered a very prestigious profession. In fact, it's more difficult to become a teacher than a doctor or lawyer. http://www.pbs.org/wnet/wherewestand...s-success/206/

 

[dfagdfsh]

Originally Posted by constant struggle

I was obviously being snark and saying if you don't like it, you can do this to combat that CEO... have fun... obviously not an easy solution for most

at least have the courage of your convictions dude

anyway there are still serious issues within the CEO compensation system, but the majority of the time they are not related to direct salary

 

[Mauro]

^^ but why?? it just doesn't make any sense.

 

[dfagdfsh]

Originally Posted by Mauro

^^ but why?? it just doesn't make any sense.


because teaching jobs pay poorly and don't carry the status that being a lawyer or a doctor does

also the reason why we don't have textile or garment schools is because there isn't enough of a demand for workers in those trades for the schools to exist in the first place.. and without the pool of workers the demand can never develop

 

[constant struggle]

Originally Posted by Teger

because teaching jobs pay poorly and don't carry the status that being a lawyer or a doctor does

also the reason why we don't have textile or garment schools is because there isn't enough of a demand for workers in those trades for the schools to exist in the first place.. and without the pool of workers the demand can never develop

Other way around, without the demand, the pool of workers will never develop

 

[videogeek]

Originally Posted by Uncontrol

oprah is awful too actually


It's nothing to do with jealousy, it has to do with thinking that $1 million a year is a lot of money as it is and a single human being bringing in hundreds of millions of dollars a year is completely absurd. Making money in and of itself is not evil. Making so much when people around you are suffering, often people who are employed by you, or your own clients, is evil.

if you believe that capitalism and the free market as it is are in perfect working order you're a ******* idiot

+1.

And I'll add that CEO's didn't always make the exorbitant amounts they do now.

I don't really understand how someone, even a proponent of capitalism, can't see that the sky high compensation is actually a dis-incentive to concern for the long term health and stability of an organization, or the industry in which it operates. Get yours and get out...

 

[dfagdfsh]

Originally Posted by constant struggle

Other way around, without the demand, the pool of workers will never develop

its a circular issue.. because there is no current demand there is no pool of workers growing/developing, and because this pool doesn't exist now the chance of it existing in the future is even smaller as alternatives develop...

 

[breakz]

Originally Posted by constant struggle

Other way around, without the demand, the pool of workers will never develop

No, they're codependent. (Answered "yep" at first but I misread the posts.)

His general point is right. Like I previously said, American-made textiles are a niche product within a niche market (luxury clothing). We won't see a return to American-made textiles.

 

[dfagdfsh]

Originally Posted by breakz

Yep.

His general point is right, though. Like I previously said, American-made textiles are a niche demand within a niche market (luxury clothing). We won't see a return to American-made textiles.

the lack of available labor pool serves as a further complication for new industries entering the american textile market, compounding the problem