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| The Lewis Turning Point economics (Page 2/5) |
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sourmash
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FEB 10, 11:52 AM
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The reason that people don't want to work is more important to consider. Because it exposes that the people aren't the problem. It's a symptom of what is wrong.
People won't work because they no longer believe in the mission. You don't get up to.a clock to rush to work to support a system you don't believe in anymore. It's similar to a failed marriage. We would divorce our government and seek another mate if we could.
The USA is a grotesque, perverted, addicted, soulless, non-gender specific, violent, abusive pos.
The USA is post Lewis. China is far from peaking. Only war or a plague will change that order.
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maryjane
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FEB 10, 12:02 PM
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| quote | Originally posted by 2.5:
From a little searching, when a place hits that point, they think apparently the wages would go up? I'd guess because people who accept low wages arent there anymore for some reason.
I'm not sure how it could be measured in the US, as we artificially play with wages too much, we do bad things that affect inflation, etc. Combined with What 82-TA mentioned, (some people ...primarily perhaps who arent in rural areas.. dont want to work, and some are paid even when they don't) ...figuring out how that would affect it all sounds like trying to measure something that keeps changing shape. Also how oes AI replacing workers figure into it?
Does "the great resignation" come into play?
Here is a little about that:
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Do you have to post a video in every thread you enter?
Do you just not have the capability to put things in your own words, from thoughts in your own brain?
Do I need to find a video to explain the statement for you that I previously posted??
"It has zero to do with the current labor situation in either Canada or the US.
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maryjane
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FEB 10, 12:04 PM
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At least someone gets it.
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The USA is post Lewis |
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Far past it.
Now, when did it happen?
It is directly related to both US population growth (or lack thereof) and migration of cheap labor from rural (ag) jobs to cities.[This message has been edited by maryjane (edited 02-10-2022).]
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2.5
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FEB 10, 12:20 PM
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| quote | Originally posted by sourmash:
The USA is a grotesque, perverted, addicted, soulless, non-gender specific, violent, abusive pos.
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Certain parts of government, and certain citizens and people in it may be. A loud portion.
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2.5
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FEB 10, 12:26 PM
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| quote | Originally posted by maryjane:
At least someone gets it.
Far past it.
Now, when did it happen?
It is directly related to both US population growth (or lack thereof) and migration of cheap labor from rural (ag) jobs to cities.
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I didnt realize it waas a riddle. Hopefully in the end I learn something.
I'm guessing it may be tied to "immigration". Hmm "lack there of" ...abortion?
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sourmash
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FEB 10, 12:28 PM
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And also related to post war reconstruction in WWII destroyed nations. The bubble created by loss of manufacturing competition in those countries.
On blush I'd buy that the US passed it by time that the Boomers just passed the mid way point of their working years. Reproduction was down at the same time, largely through birth control.
I don't have enough historical economic education to look at 1860s reconstruction but would think we were still on the beginning of the increase then.
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sourmash
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FEB 10, 12:29 PM
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| quote | Originally posted by 2.5:
Certain parts of government, and certain citizens and people in it may be. A loud portion. |
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Those that inhabit fedgov
Edit. And the media. And academia. And the judiciary. And some NGOs.[This message has been edited by sourmash (edited 02-10-2022).]
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maryjane
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FEB 10, 01:07 PM
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| quote | Originally posted by sourmash:
And also related to post war reconstruction in WWII destroyed nations. The bubble created by loss of manufacturing competition in those countries.
On blush I'd buy that the US passed it by time that the Boomers just passed the mid way point of their working years. Reproduction was down at the same time, largely through birth control.
I don't have enough historical economic education to look at 1860s reconstruction but would think we were still on the beginning of the increase then. |
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Yes, post civil war we were just entering a new industrial age, but we still had a very significant rural population that was making a living in agriculture.
I am guessing, it happened certainly post ww2 but prior to the 70s recession and most certainly before the 2008 meltdown. Millions of soldiers exited the US Armed forces after WW2 and didn't return "to the farm' but it had already begun before then to some extent. "How ya gonna keep 'em down on the farm after they've seen the farm". There were, in the late 40s/early 50s, much better and easier ways to make more $$ than working in ag.
The US, for the most part, is a Service oriented economy and we have been for some time. Historically, that transition makes up about 50% of the turning point. (Domestic agriculture and mining are not considered a Service because both are producing a commercially viable domestic use/exportable product)
2.5:
Not a riddle. A question. I rarely ask a question for no reason. I asked, because I do not know the answer specifically but I do know it is, among economists, all but taboo to even talk about (the US turning point) but there are huge data points, studies, papers and discussions involving the time period (past and future) that other nations will (or already have) seen it.
I find it more than a little curious why so much effort is being directed at China, India, South and Central America's LTP but virtually nothing written or talked about our own.
Much is being postulated that once China reaches it's LTP, (assuming it hasn't already) that their gangbusters economy will take a huge hit, but if the US and China are currently #1 & #2 in economics globally, and the US reached their LTP decades ago, then just how much of a global hit would China be expected to get?
We can't very well know that until/unless we have some historical reference to compare it to and the most direct comparison would be our own turning point.
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maryjane
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FEB 10, 01:15 PM
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| quote | Originally posted by sourmash:
And also related to post war reconstruction in WWII destroyed nations. The bubble created by loss of manufacturing competition in those countries.
On blush I'd buy that the US passed it by time that the Boomers just passed the mid way point of their working years. Reproduction was down at the same time, largely through birth control.
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When a nation is 1 of only a very few nations not destroyed, and that country's resources are used to re-build the rest, the added economic impact is huge.
It's often been noted, that our own economy began to decline and shift once the rest of the world (Europe, then Japan, then other parts of Asia) caught back up.
That would have been in the 70s but the worm had already been truning IMO. (In today's dollars, we also had a $2.8 trillion debt at the end of WW2)
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82-T/A [At Work]
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FEB 10, 01:18 PM
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| quote | Originally posted by sourmash:
People won't work because they no longer believe in the mission. |
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I agree with this completely.
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