This is how the media is bought

[Fact_Checker]

Labor will be paid up to its marginal revenue product. Make labor more productive with better training and job skills. Make labor markets more competitive by reducing barriers to entry on both the labor supply and labor demand sides.

It's not my employer's responsibility to pay me, it's my responsibility to be enough of an asset that they pay me or I find someone who will.

If this was true then wages and productivity would be closely tied together and they aren't. In fact the last 50 years productivity has gone through the roof while wages have been stagnant. Which is why the world has exploded with multi billionaires over the last 50 years.

Labor will get paid whatever the next person in line will take the job for and with China coming online the line was very long and very cheap over that time period.
Guess what? The line is getting shorter everyday because of low birth rates throughout the world over the last 30 years and and there isn't another country with billions of dormant citizens to bring into the labor market. Over the next 20 years labor is going to get more and more expensive every single year while productivity will stagnate.

 

[SDC8888]

If leftists understood economics, they wouldn't be leftists.

 

[jwheat]

Every move we make is taxed. Income tax is the biggest ******* theft job in the history of man.

and to think I have to read idiots saying people should be FORCED to give the government more of their income

 

[HymanKaplan_rivals48997]

I know it'll never happen, but there are so many areas that we could save money and provide better services.

Healthcare for instance, and I'm not saying it's a one size fits all, but let's say a group of MD's in a particular region, agree to form a co-op. Woudn't it be a lot more efficient for the government to grant these Doctors massive tax credits in return for providing x number of hour per week etc. at massively reduced rates.. Yes, the government gets less coming in, but they also just took payments off the books as well, and by cutting out a lot of administrative overhead probably ended up ahead.

It's a rough sketch I'll admit, but there are ways of doing things like this, and by purchasing on the front end, before it gets lost and wasted in that cesspool, we're already saving money.

 

[Lexie's Dad]

As long as I can get you for the same rate I can get Jose then I might consider you.

If I'm 3 times as productive as Jose, I'm worth 3 times as much. If we're equally productive, I'm not worth more.

 

[Lexie's Dad]

If this was true then wages and productivity would be closely tied together and they aren't. In fact the last 50 years productivity has gone through the roof while wages have been stagnant. Which is why the world has exploded with multi billionaires over the last 50 years.

Labor will get paid whatever the next person in line will take the job for and with China coming online the line was very long and very cheap over that time period.
Guess what? The line is getting shorter everyday because of low birth rates throughout the world over the last 30 years and and there isn't another country with billions of dormant citizens to bring into the labor market. Over the next 20 years labor is going to get more and more expensive every single year while productivity will stagnate.

How has the marginal revenue product of labor grown? Are productivity gains tied to capital?

https://fee.org/articles/cheap-foreign-labor/

 

[Fact_Checker]

If leftists understood economics, they wouldn't be leftists.

Supply and demand partner. When 2.5 billion people from India and China got plugged into the labor market labor was cheap. That slack is gone and the world is losing laborers every day to age. Not only that they demand a very specific product that is very expensive and labor intensive to provide. That product is called healthcare. As the amount of labor generally decreases due to low birthrates worldwide and healthcare pulls more and more of the available labor force into it's workforce the rest of the industry and service sector are going to find themselves in a position they have not been in since the 50's and 60's which is they are going to have to pay workers well and give them nice benefits. This will start to subside as The Boomers die off in America by 2050.

This is all fundamentally sound economics. Unfortunately it doesn't sell in a Tweet and we can't blame our least favorite politician for it so no one wants to talk about it. It also involves acknowledging that the next 20-30 years are going to be very good for the American worker and no politicians want to say that because if it's not doom and gloom predicted forever then we have no reason to panic and elect the next idiot making stupid promises into office.

 

[Fact_Checker]

Also the OP posted an article about the media being bought from a news source that has been consistently questioned over who owns them and is tied to Russian interests. Conspiracy theory fail.