Current Events — HabitableZone

Current Events » in reply to I think there's more to it than that

re: I think there's more to it than that

"Read the comments, there are a lot of economists who post..."

I did, and it strikes me that at least one of those economists was unable to re-create the graph using published economic data.

Its obvious that if production increases, then GDP will expand while wages paid would make up a smaller fraction of total GDP.

To then make the leap from that to the idea that evil capitalists are conspiring to steal from poor helpless workers is a giant leap indeed.

I'm not an economist, but mathamatically this one is pretty obvious. As the productivity increases continue and the economy expands, I would expect the graph show to show a parobolic drop pretty similair to what the graph shows. Note that the line never seems to go up for anything but a very short interval...Even when Clinton was in charge.

Keep in mind also that new hiring also lags jumps in economic activity.

Scott Evil

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