Thread: Economics Strikes dont always work.
View Single Post
Old 11-15-2012, 04:45 PM   #60
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by Amnorix View Post
Well, employees benefit mostly by getting a better paycheck. The fact is that whether they are getting added training or not, they aren't bringing home more bacon. Equipment may make them more efficient, which is fine, but it's also resulting in co-workers being laid off sometimes (if 4 can do the work formerly done by 5 because of increased efficiency in facilities/equipment -- see the steel industry for a fine example*). So the net result is fewer workers are doing more work for less pay (in real dollars) while the wealth increasingly aggregates above them. How that is better for workers is beyond me.


*The US produces more steel than it ever did, but does it with about 10% of the workforce that it had in the 50s and 60s due to automation etc.
It's better for the workers because if it still took 10x as many workers to produce that steel, there wouldn't be any steel produced in the US at all.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote