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(Forbes)   The economic collapse in six charts. With helpful suggestions to bring back jobs and set the stage for higher productivity (that obviously won't be followed because reasons)   (forbes.com) divider line
    More: Sad, Great Depression, Inflation, Monetary policy, Unemployment, Economy of the United States, Money supply, Federal Reserve System, couple of other gigs  
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1357 clicks; posted to Business » on 19 May 2020 at 5:10 PM (2 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



15 Comments     (+0 »)
 
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2020-05-19 4:36:44 PM  
Higher productivity? Why?

Can't we have higher pay instead?
 
2020-05-19 4:39:24 PM  
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2020-05-19 5:18:24 PM  

Nadie_AZ: Higher productivity? Why?

Can't we have higher pay instead?


No
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2020-05-19 5:20:26 PM  

Nadie_AZ: Higher productivity? Why?

Can't we have higher pay instead?


The last two paragraphs are all that's related to the "what next"... but I don't see it as an either/or scenario. Higher productivity may correlate with higher wages (one can hope?)

Smart elected officials will think ahead on what's needed and how best to get there, rather than just leave it to the market to messily sort things out.
 
2020-05-19 5:36:09 PM  
Unemployment benefits are meant to help workers when they are out of a job. The latest numbers shows that as a percentage of personal income, the U.S. population is receiving far less help than during the mid-1970s or the Great Recession of 2008-2009, even though the jobless rate then was much lower than today's.
And don't forget to make all of your job contacts every week. What do you mean, there's no jobs? No unemployment for you!

/State unemployment coffers start buying stock by themselves
 
2020-05-19 5:54:59 PM  
Both the damage we have suffered and the challenge ahead demand leadership, consensus, and a strong sense of common purpose. That the pandemic hit when the three are in short supply means that we will also need a lot of good luck to emerge unscathed.

sniff sniff. Do I smell something burning?
 
2020-05-19 6:23:07 PM  

Nadie_AZ: Higher productivity? Why?

Can't we have higher pay instead?


Are you asking for a much higher death toll among working age adults?
 
2020-05-19 6:28:32 PM  
I expected the solution to higher productivity would be 'export jobs to countries where OSHA has no pull.'
 
2020-05-19 6:55:31 PM  
Maybe the Managers and executives can learn to do the work of the hourly employees to increase productivity
 
2020-05-19 7:42:05 PM  
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Rich people are not spending money.
 
2020-05-19 7:53:44 PM  

mcreadyblue: [Fark user image image 850x621]

Rich people are not spending money.


It's less that they aren't spending, they're hoarding it faster than they can spend it. Which is the largest part of the problem.
 
2020-05-19 10:10:17 PM  

GodComplex: mcreadyblue: [Fark user image image 850x621]

Rich people are not spending money.

It's less that they aren't spending, they're hoarding it faster than they can spend it. Which is the largest part of the problem.


You have a billion dollars, how hard is it to live off investment returns while ensuring the remainder grows at a rate above inflation? The rich can't help but get richer and amass a greater portion of the world's wealth.
 
2020-05-19 10:25:56 PM  

Invincible: GodComplex: mcreadyblue: [Fark user image image 850x621]

Rich people are not spending money.

It's less that they aren't spending, they're hoarding it faster than they can spend it. Which is the largest part of the problem.

You have a billion dollars, how hard is it to live off investment returns while ensuring the remainder grows at a rate above inflation? The rich can't help but get richer and amass a greater portion of the world's wealth.


The best hypothesis I can give is that the only thing they know how to do is hoard money. No hobbies, no grandiose schemes, no dreams. Just day in and day out plan how to hoard money like a kid collecting baseball cards.
 
2020-05-19 11:01:15 PM  

GodComplex: Invincible: GodComplex: mcreadyblue: [Fark user image image 850x621]

Rich people are not spending money.

It's less that they aren't spending, they're hoarding it faster than they can spend it. Which is the largest part of the problem.

You have a billion dollars, how hard is it to live off investment returns while ensuring the remainder grows at a rate above inflation? The rich can't help but get richer and amass a greater portion of the world's wealth.

The best hypothesis I can give is that the only thing they know how to do is hoard money. No hobbies, no grandiose schemes, no dreams. Just day in and day out plan how to hoard money like a kid collecting baseball cards.


My point is that the money hoards itself. You're a billionaire, you can spend a hundred million dollars every year and still be growing your "nest egg". Bezos can blow billions on hobbies and grandiose schemes and still be getting richer every day without doing a day of work.
 
2020-05-20 2:49:35 AM  

Invincible: GodComplex: Invincible: GodComplex: mcreadyblue: [Fark user image image 850x621]

Rich people are not spending money.

It's less that they aren't spending, they're hoarding it faster than they can spend it. Which is the largest part of the problem.

You have a billion dollars, how hard is it to live off investment returns while ensuring the remainder grows at a rate above inflation? The rich can't help but get richer and amass a greater portion of the world's wealth.

The best hypothesis I can give is that the only thing they know how to do is hoard money. No hobbies, no grandiose schemes, no dreams. Just day in and day out plan how to hoard money like a kid collecting baseball cards.

My point is that the money hoards itself. You're a billionaire, you can spend a hundred million dollars every year and still be growing your "nest egg". Bezos can blow billions on hobbies and grandiose schemes and still be getting richer every day without doing a day of work.


Good point.
 
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