Comments on: Business Devours its Young: Lessons from the Great Depression: Part V: Destroying the Working Class. http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jim http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-49591 Jim Thu, 03 Jun 2010 16:00:03 +0000 http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-49591 Teri, You final lines cited the purpose for global trade. NAFTA et al are the tools used to change this nation from manufacturing to service. And no service economy has ever recovered from a great depression. Not one. Teri,

You final lines cited the purpose for global trade. NAFTA et al are the tools used to change this nation from manufacturing to service. And no service economy has ever recovered from a great depression. Not one.

]]> By: ecofeco http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-18545 ecofeco Thu, 19 Jun 2008 03:40:19 +0000 http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-18545 It's quite simple. It's only been a matter of time until the vector of falling wages (disposable income) finally crossed the vector of rising prices. You can't support an economy that is 75% retail driven if your citizens (remember them?), er, consumers can't afford to consume. It’s quite simple.

It’s only been a matter of time until the vector of falling wages (disposable income) finally crossed the vector of rising prices.

You can’t support an economy that is 75% retail driven if your citizens (remember them?), er, consumers can’t afford to consume.

]]> By: Teri Pittman http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-10594 Teri Pittman Thu, 10 Apr 2008 20:02:52 +0000 http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-10594 It's funny isn't it. You talk about how one blue collar worker used to be able to afford a house. And what you get in return is a rant on why can't the schools turn out more professionals? We need for housing to drop back to affordable levels. We need to get the speculators and flippers out of the market, driving prices up. And, most importantly, we need to be developing jobs that don't require a Ph.D to be hired. We are not getting beat out by countries with more higher education degrees than us. We are outsourcing jobs to people without even a high school education. Ask anyone that's had to use tech support in India. I've always thought that the plan was to drop the American standard of living, so that our wages would be low enough to compete with other nations. Looks like they've done a good job. It’s funny isn’t it. You talk about how one blue collar worker used to be able to afford a house. And what you get in return is a rant on why can’t the schools turn out more professionals? We need for housing to drop back to affordable levels. We need to get the speculators and flippers out of the market, driving prices up. And, most importantly, we need to be developing jobs that don’t require a Ph.D to be hired. We are not getting beat out by countries with more higher education degrees than us. We are outsourcing jobs to people without even a high school education. Ask anyone that’s had to use tech support in India. I’ve always thought that the plan was to drop the American standard of living, so that our wages would be low enough to compete with other nations. Looks like they’ve done a good job.

]]> By: johnk http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-9814 johnk Sun, 23 Mar 2008 09:07:08 +0000 http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-9814 "I were to make a complaint it would be that our educational system ( also liberal dominated) at the top end turns out way too many lawyers and MBAs and not enough scientists, doctors and engineers but that too maybe a systemic problem." You know, if you polled MBAs and lawyers, you'd find most of them would describe themselves as conservative, and most would be Republicans. On the flip side, you'd find a lot more Democrats among the technicians. Same goes for teachers. The only problem I see is that the GOP supports greed and wealth, while the liberal, Democrat-dominated educational system blithely ignores this fact, and fails to promote the more difficult subjects and useful professions. “I were to make a complaint it would be that our educational system ( also liberal dominated) at the top end turns out way too many lawyers and MBAs and not enough scientists, doctors and engineers but that too maybe a systemic problem.”

You know, if you polled MBAs and lawyers, you’d find most of them would describe themselves as conservative, and most would be Republicans. On the flip side, you’d find a lot more Democrats among the technicians. Same goes for teachers.

The only problem I see is that the GOP supports greed and wealth, while the liberal, Democrat-dominated educational system blithely ignores this fact, and fails to promote the more difficult subjects and useful professions.

]]> By: Hooverville http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-9031 Hooverville Sun, 02 Mar 2008 19:14:10 +0000 http://www.doctorhousingbubble.com/business-devours-its-young-lessons-from-the-great-depression-part-v-destroying-the-working-class/#comment-9031 This is a timely comparison of two eras. With baby boomers retiring, a credit crunch, housing crisis and a cooling economy it is hard to argue for more inflation. If anything, inflation is temporary. This is the long-wave decline that is approaching and it is going to be deflationary. http://www.longwavepress.com/Baby_Boomers_Generation_X_SCv1a.pdf This is a timely comparison of two eras. With baby boomers retiring, a credit crunch, housing crisis and a cooling economy it is hard to argue for more inflation. If anything, inflation is temporary. This is the long-wave decline that is approaching and it is going to be deflationary.

http://www.longwavepress.com/Baby_Boomers_Generation_X_SCv1a.pdf

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