Wages Trump Capital

Convoluted comments: "I commented yesterday that returns to capital greatly exceed returns to wages-unless one is a high-paid athlete or rock star. But then, returns to capital (or power), have historically trumped wages."

Convoluted's prior day comment: "We live in an age where return to capital vastly exceeds return to labor. Unless one is an elite NFL quaterback, rock star or hedge fund manager, labors claim to returns will continue to diminishAt this juncture, the average wage earner has no shot at being anything but a wage slave. But, this has been the plight of most humans since recorded history. The societies have different names, and different methods of governing have come and gone.


The Nattering One muses... Government by the people and for the people? An urban myth that needs an update. Government by the corporation and for the special interests.


Perhaps Convoluted's assertion that the average wage earner has no shot at being anything but a wage slave is true. However,  the assertion that returns to capital far exceed returns to wages is incorrect.  How so?  


The societal benefit versus the cost of not doing so is immeasurable, unless one wishes to enslave all laborer's. Oh, and that explains the non existent "organic" wage pressure.  The same logic apply's to a childless person paying taxes which go towards educating the breeder's brood's.  And the discourse of school voucher's and declining public education vs private (if you can afford it) ensues leading to... an educated populace is a dangerous populace, mindless sheep are easier to lead to slaughter,  hence the dumbing down and multitude of distractions from what is happening, in broad daylight, right before your very eyes, the silence of the lambs.


But I digress, I cannot think of a better solution to our globalized lending and outsourced to labor at the margin problems, than providing local funding for meaningful, rewarding and decent paying employment for local people on local projects which build for the future, bettering our infrastructure and society.  If income tax and dividend revenue cuts worked, we would have already recovered. That kind of "trickle down" economics, only benefits those who already have or can borrow large amounts of money. The orchard has gone for rot and needs to be reseeded.  As suggested in IPads For All, if we don't start soon, the peasants may take arms and beat us to death with the deadwood. More to come.

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