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