Are wages ever going to return to normal?

yeah when bernie wins the election

lol jk fuck commies and fuck jannies, nice try leftypol, and fuck goods producing wageslaves

Prices have gone up, but the value per dollar has gone up even more. Look at cars in the 70's, how much would you pay now for a car like that? THAT difference is thanks to productivity increases.

Things only SEEM more expensive because our expectations have risen faster than the wages. Full service healthcare is 10x more expensive now because it can do 100x more than it could in the 70's.

WRONG

And yet an apartment is an apartment.

You've gone from arguing 'things are cheaper' to 'things are more expensive for good reason.' Even with these mobile goalposts you're still wrong when it comes to some basic necessities.

More people in the world, less resources. Only one that doesn't make much sense is housing as there's lots of it out there, it's just all being bought out by people using it as investment vehicles.

I never said things are cheaper, I said people can afford more with the same money. Which is true.

Real estate is currently in a huge bubble though which is why it's the exception to this.

> increased productivity makes everything cheaper
=/=
> people can afford more with the same money
But it remains irrelevant. An apartment is an apartment, an oven is an oven, a couch is a couch, a cart of groceries is a cart of groceries

>being this deluded

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He sounds like a tribesman

This is supposed to happen by real wages increasing. Real wages being stagnate means /relative/ to everything else, wages have roughly the same value. Unfortunately, where inflation has increased has been among really important stuff like healthcare and college.

the question is, are new apartments/ovens/couchs being built at a rate faster than pop growth/immigration (consumption), taking into account inflation rates? then the average wage / price of these goods ratio should be going down. Is it?

New or old is irrelevant. Because wages are stagnant, these things have become more expensive. This is what the thread started out discussing.

You have now pivoted to a third potential explanation for why the cost of living relative to wage growth has increased by orders of magnitude.

if wages are stagnant, dollar is inflating over time and production has increased, price of goods should at the very least be stable. If things are getting more expensive, you are getting assfucked somewhere. I would blame the banksters (jews)

It will require lots of organizing, fighting for higher wages, shorter hours, and lowering the cost of healthcare/higher education/housing.

gtfo filthy commie, no one likes you here

Wages are stagnant in real terms. This means overall, prices are still the same relative to wages as they were. The problem is, inflation is made up of averaging lots of different goods and their price changes. What's gotten more expensive is predominantly healthcare, higher education and housing, all things which disproportionately eat away at "middle class" incomes.

n o...wages are going to sputter and spike a bit but get used to this. You'll notice the chart divergence circa 1970...coincidentally as record numbers of women started to enter the workforce as well as opening up the immigration floodgates. Can't tell normies this because its racist and misogynist. Despite the evidence written by foundation after foundation and book after book. Don't ask me to cite anything theres tons of info out there.
And its only going to continue as far as I can see.

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my dad and his three siblingings were able to buy a brand new ford truck for my grandpa working an entire summer back in 72. they work was picking in the fields. no way that can he doné today

>inflation is made up of averaging lots of different goods and their price changes

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Not all industries saw the same level of productivity gains.

Fast food isn't more that much more productive than it was 30 years ago.

Also, I'm not sure the graph is for "total compensation" as benefits like health insurance, 401k contributions, and other perks have become more common.

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not until we can fix the shitskin problem

>10x
>100x
Pulling random numbers out of ye pants?

you know what I mean.

Universal basic income?

Nice outdated chart fag
Reminder that Trump singlehandedly solved the Wage problem with his tax cuts
Commie fags can stay mad or accept the truth

nice bait

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We're only now barely breaking 3% wage growth, in large part because the gutless Boomer can't into deportations.

Read up on how much more efficient fast food has become my dude.
You'd be shocked.

Agreed, but not on the root cause, comrade.

>Read up on how much more efficient fast food has become my dude.
how much more efficient?

Trumps tax cuts were to raise wages and was successful dumbass
you can keep ignoring the facts if you want

minimum wages have been growing a dollar per year in my state. Much greater than 3%.

The opposite is true.
twitter.com/business/status/1020645157035704320?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1020645157035704320&ref_url=https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloomberg-wages

imho everything points to interest on money being the culprit

>minimum wages have been growing a dollar per year in my state.

Cool. That helps a couple percent of people who actually earn minimum wage. Now factor in other laborers, other states, and, oh yeah, the 22 million illegals who can underbid any "minimum wage".

Yeah in 2 years

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nice strawman. automation and 3rd world outsourcing disproportionately outweighs the illegals in the stagnant wages problem
but please go ahead and push your xenophobic agenda some more. it doesn't matter in the long run. it's sad that you provide no more economic input than a bunch of illiterate brown people

>unofficial outdated cherrypicked data
did you even read the article?

>Now factor in other laborers, other states, and, oh yeah, the 22 million illegals who can underbid any "minimum wage".
and youre implying trump hasnt been trying to do anything about this? Please, give a better suggestion than corporate tax cuts and deportation

That only applies to consumer goods like clothes and electronics. Food, housing, transportation, and healthcare are several times more expensive. The stagnation in wages coincides with increased competition from Asia and Latin America as global free trade exploded and labor unions died while major global conglomerates consolidated entire indistries and tax policy shifted the tax burden to the lower classes in the name of economic growth, which just accelerated the investment in those other countries to move high paying jobs there.

This is only true of certain goods. TVs and clothes, yes. Cars, housing, and healthcare are many times more expensive even relative to the average and median incomes. That leads to a net stagnation of the standard of living.

Ford Trucks today go for like 35k today. That's more than half of all Americans make in a year let alone a summer.

The cost of healthcare is far more expensive and 401ks have replaced far more secure and lucrative pension plans. If you take those things into account, I suspect you’d see wages not just stagnating, but falling in the USA.

They've fallen make no mistake.

see

lol have another then:
businessinsider.com/heres-why-wages-in-the-us-have-been-going-nowhere-2018-7
The consensus from economists is that the tax cuts have done nothing for wages.

Ford trucks START at $35k. Most of them with basic options cost about $45-50k or more. New cars are better made and longer lasting than ever, but they have gone from being affordable parts of middle class life to being luxury items that only the wealthy and boomers can afford and remain financially stable.

Chart wages along with corporate profits and then get back to me

People will always be necessary because certain things just can’t be automated, though many jobs can. Socialists used to write of an automated future as a socialist utopia of 15 hour work weeks and high standards of living. Current technology makes that possible now, but the economic and social systems we’ve built prevent that from happening.

It looks like the future SV vs ABC hash rate graph

I know you communist faggots never had a job, but actually wages are increasing rapidly each year and companies have so much extra cash they are rising wages at an acceptable level whilst doing buybacks at the same time alongside the usual 5% increase raise per year they already do

This doesn't take into account benefits.

lol even the white house says that by every conceivable metric they're not growing
cnbc.com/2018/09/05/white-house-says-wages-are-growing-faster-than-traditional-measures-indicate.html
Just keep stomping your foot and saying up is down

I mean, when the spin is "they're growing, but the indicators say they're not!" then you should know something is up

Yeah, inflation is much than we're told.

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This. I'm 6 years out of college making $154k per year doing dev work and will have almost a million saved by the time I'm 30 at current rates. When my job gets replaced by automation, I'll learn the neck technological black swan and move to that. You either adapt, or die.

kek this.
sure, some people will still be needed. the vast majority won't. what do you suggest happens to the economically irrelevant at that point?

It's impossible unless everyone becomes their own master.
Which they won't.

"normal"?

You think the post WWII period was "normal"? The whole industrial world was blown apart except the United States. That's not "normal".

Unskilled workers don't get high wages in a healthy economy. Sorry.

The productivity is due to machines and other automation. Why should workers be paid more for that?

>new care are better made and lasting longer than ever

KEK

>muh capital assumes all the risk
have fun when nobody beyond the capital owners are able to circulate capital within the system

bump

they will once 90% dies

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kek holy shit is this real

>implying

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>Are wages ever going to return to normal?

Nope. And as a result they will continue to not be have to fill positions.

I recently turned down a job because they wouldn't match my pay from my old employer. The position has been open for over 10 months and they can't find anyone. The frustration in the HR lady after I kept turning them down was beautiful. Fuck em

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now post home prices

Why the fuck couldn't they start with the blacks first? Get those apes' numbers under control and you eliminate half the crime in civilized countries, along with all the extra police, prisons, court, healthcare, and welfare costs they bring with them.

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6000x in 50 years, pathetic I make that in 1h with my bot daytrading chainlink

kys

yeah I have euthanasia shceduled for next month, gotta pass some psychiatric tests first

This is wrong. And the graph is ->real

Sure, just undo postwar immigration policies.

black population have stayed steady, it's the spics that are breeding like mad

pol faggots threatened by low iq brownies because they're more useful than them and cheaper too. still the brown tsunami pales in comparison to the obsolescence caused by software and automation

I'm 35 and my health care job will never be automated in my working lifetime, so thankfully I was born too early to worry about that. But unfortunately also too early to enjoy the fully automated luxury space communism of our future

In the most complete study every done on the topic (and one, I should note, published under the direct authority of the Trump administration), the myth of immigrants as a detrimental force on the economy was been completely dispelled:
nap.edu/catalog/23550/the-economic-and-fiscal-consequences-of-immigration

Find a new fucking angle you colossal losers

I see positions opened for months and months on Indeed. I always assumed they were just fake job ads.

What are Germany and Japan doing right?

great question actually. don't know but we should find out.

You believe this garbage? I've seen wages go down with my own two eyes due to cheap immigrant labor.

>kike puppet repeats kike talking points
WOW

you must be a colossal loser like the other user said
>muh jewish conspiracy

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No, there's a huge shortage of "skilled" workers.

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you're a disgusting NPC. please remove yourself from society.

>possible now but
Most people are stuck on forager tier modes of operation. Saving and investing is completely foreign to their psychology. They will spend 100% of their income like it's rotting meat even though they could easily survive on less if they stopped incessantly signaling status. Socialist foragers will never reach a utopia because they are not capable of delaying gratification. They are perpetual parasites that deserve nothing but a helicopter ride.

Why the fuck do code monkeys get paid so much in murica

>index relative to 1970

We need those mobile phone apps that tell me when and how to wipe my ass. Its the future you fucking retard, singularity is almost here and we need every coder we can get to solve easy problems in a complicated way.

>shadowstats

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