How do you increase real wage growth in the US?

How do you increase real wage growth in the US?

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Other urls found in this thread:

reason.com/archives/2017/04/14/welcoming-immigrants-means-higher-wages
nytimes.com/2018/09/25/us/politics/wage-growth-benefits.html
sciencedirect.com/science/article/pii/S0305750X16304466
hbr.org/2018/01/when-more-women-join-the-workforce-wages-rise-including-for-men
onlinelibrary.wiley.com/doi/abs/10.1111/ecoj.12611
en.wikipedia.org/wiki/United_States_Note
youtube.com/watch?v=_zTVKnpNmyQ
oecd.org/eco/growth/24741853.pdf
forbes.com/sites/stuartanderson/2016/10/02/3-reasons-why-immigrants-key-to-economic-growth/
cato.org/blog/wage-effects-immigration-are-small
forbes.com/sites/quora/2018/01/18/technology-has-already-taken-over-90-of-the-jobs-humans-used-to-do/
cato.org/blog/immigrants-their-children-use-less-welfare-third-higher-generation-americans
twitter.com/SFWRedditGifs

You dont.

Wageslaving is part of the past, dying world.

The future is automated AI while humans get universal income and get to enjoy life.

Stop exporting jobs, stop influx of low skill low cost labor

>(((real wage growth)))
What a semetic metric.

deport all illegals and revoke citizenship of all their children and deport them too

thats at least 50 million out of the labor force and demand will skyrocket

No it’s just the true value of money while considering inflation. A dollar now isn’t what it was worth 20 years ago

Realistically? Regulation. Raise minimum wage, cap executive pay at a certain multiple of the lowest employees pay. Raise taxes on the rich and cut taxes of low and middle income people.

Are these things ever going to happen? no.

Kill yourself

>true value of money
And how is that measured? Comparing what a gallon of milk costs today vs in 1998?

>buying power
Basically yes

Thanks, babe

You're welcome

There are so many things which can influence consumer end price that the metric you describe is essentially meaningless.

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Restrict immigration and deport the illegals, restore bargaining power of labor unions, increase access to higher education and technical degrees.

There's no real need to, real wage growht is slow because employers are providing other forms of compensation like health benefits and housing. All the retards here saying "hurr stop immigration wage swill go up!!!" know nothing about economics. Stopping immigration would lower wages, and in fact, if you want higher wages you should bring in more immigrants.
reason.com/archives/2017/04/14/welcoming-immigrants-means-higher-wages

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>how much stuff you can buy with money is meaningless
ok

>ike health benefits and housing
Not in this country

You're dead on

yes in this country
nytimes.com/2018/09/25/us/politics/wage-growth-benefits.html

Yeah because the "can't print enough" mentality of the Federal Reserve over the last decade doesn't have anything at all to do with anything.

How about it decreasing the brown people I have to look at every day?

>what is inflation

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That would also be really bad. Less people means less productive workers, and diversity is positively and significantly related with economic growth

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>fewer people means less productive workers
So India must be far more productive on a per capita than Luxembourg, right?

are you going to force the rich to stay in your socialist paradise, after you've forced them to pay the disabled $15/hr because "everyone has the right to a livable wage" and fund their disability payment because "healthcare is a human right"?

Get rid of immigration, and abolish the federal reserve in favor of publicly issued currency ala greenbacks.

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>How do you increase real wage growth in the US?
cut government size and regulation
eliminate taxes.

Also
>China: 92.5% Han, 6-8% annual GDP growth
>Brazil: Pardo Paraside, ~1% annual GDP growth
The level of productivity growth a country achieves is a result of its economic institutions and policies, not its population size or level of "diversity".

Neither of those puts any upward pressure on wages. Only two ways to effectively raise the price of labor: increase demand for labor by creating jobs, or decrease the supply of labor by cutting immigration. Nothing else will affect long term wage growth.

Paradise*

Obviously it depends on the level of human capital of those workers, but if everyone in india had at minimum a high school level education they would be an even larger economic power

The facts don't lie, diversity means more money: sciencedirect.com/science/article/pii/S0305750X16304466

>get rid of immigration
Wrong. See

this guy gets it

Take women's rights away.

>we need to open our borders to all those highly skilled Somalian refugees goyim!
Fuck off, it depends on the country of origin you're talking about and the types of skills required by the host country's economy. Diversity in and of itself is not a producer of prosperity, period.

Also sovereign nation-states can (and should) place importance on ends other than muh quarterly GDP growth.

Only if its tied to anti disgenics. Nobody below 100 IQ gets to reproduce unless their partner keeps the genetic mean above 105.

Yes it is, Mexican immigrants despite being near the absolute bottom in terms of education still have a significant positive impact on economic growth. Bringing different perspectives and different cultures alone is what leads to innovation and thinking outside of the box.

You can look at the economic literature that studies any mass migration of refugees in the last 100 years and find that in all cases it increased economic output

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the currency has to retain its purchasing power

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Why? Were an economy with a country, not a country with an economy

Lol found the shitskin.

Found the retarded white nationalist

You know the race-war is just around the corner bud. I'd leave while you have the chance.

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No we’re not, and I can prove it. The most dangerous thing to any banker isn’t a run on the bank or a stock crash, it’s a .75c bullet. You can’t have an economy if you can’t defend yourself and the people who exist in that economy. And for that, you need a state.

Go back to the gold standard.

>Raise minimum wage
how about erase minimum wage, end all ngo tax havens, imprison and execute existing leathers of those for treason, end the fed and stick to the law of land i.e. constitutional money ?
>Raise taxes on the rich
nah, confiscate slash and auction all the rich treasonous corps, public execution for the heads of those
>Realistically? Regulation
agreed, just depends how you define it, doesn't it?

Realistically, without touching moneychangers monopoly there is nothing Trumpianesque regime can do. And when was the last time that happened? Long long time ago, urban knowledge in the topic says no matter the political whether you don't oppose moneychangers, whole world is gonna jump you hard. The happening guy made it possible to perform partial audit at the fed one time, It's out there for all to see, 10 years ago when all hell was supposed to break loose the bailout that resulted was the tip of the iceberg, not even chump change, they poured trillions to european banks to stabilize shit. it's Alice in the wonderland world. They, the central banks of the western free, democratic world (tm), the real henchmen gripping economies, countries, countless lives meet talk and coordinate daily covertly steering wage growth or debasement at will. Currency wars my ass (que Jim Rickards bs book and theory disseminated as if was secret knowledge at one point). It's so fucking bizarre you can't really splain it to average ape inhabiting this rock.

Yes please keep posting your threats on an image board for all the federal agents to see, I want to see terrorist scum like you in prison

No you don't, individual liberty and the right to self defense is what keeps people safe. Governments and nationalism kill people, free markets help people live.

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liquidating toxic assets isn't the same as "printing money". They struggled for years just to get to 2% inflation.

Retarded idea, China has a fuckton more gold than the U.S. does. Doing that would make the last 40 years of offshoring seem like a joke.

Can't. We don't have the gold any more. Besides, all the gold that's still in the country is owned by Jews anyways. US notes are the answer.

>individual liberty and the right to self defense
You only have those rights if you can defend them, moron. And I guarantee you couldn't defend them from a chinese invasion force given the absence of the US state.

Let's play a game. Show me on your body where your god-given rights are. Take a picture, I'll wait.

Haha he still thinks the government will be functioning in five years.

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Ooooh wait I think I recognize you. Are you that autistic jewish kid that got herpes from his sister? What happened to your trip? Going stealth mode all of a sudden?

Cant wait for idiots like you to end up in prison. You assholes are a bigger drag on society than any immigrant

Statistically, given the fiscal balance of different ethnic groups, that's the diametric opposite of true.

Do you really think I can't tell you're samfaging retard?

Increasing the number of workers while the number of jobs remains constant doesn't increase wages, it lowers them. That's why labor in shitholes with lots of people is so cheap. Retards like you are trying to turn the country into China. Their labor wasn't worth shit in Honduras, it's not going to be worth shit here either.

You must be some kinda weeb

Probably a paid shill amusing as shit.

but the last 40 years of offshoring is a joke
it doesn't even necessarily have to be gold, could explain what you mean by "note", I thought we were already using notes.

Give employees the option to get cold cash instead of benefits. Which have increased in size as part of employee compensation far greater than wages.

An extra $15-20 dollars in the paycheck instead of dental, for example.

When you look at the higher-wage industrial jobs of the past, you have to keep in mind they were as such without the added benefits, Which were, in part, post-war innovations meant to incentivize workers.

Unions and Federal Regulations.
The Corporate overlords will always try to squeeze the last nickel out of everything unless forced to obey the law.

>Increasing the number of workers while the number of jobs remains constant doesn't increase wages, it lowers them.
This is why women working destroyed the labor market and wage growth.

Yeah right lol

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>while the number of jobs remains constant
This doesn't happen, that's the lump of labor fallacy. There is no finite amount of jobs that can be done. Immigrants create demand for jobs by purchasing products, that demand for jobs leads to higher employment and more growth for everybody.

That never happened actually, women are not productive clones of men in the labor market, which is why the actually were complementary pieces to men in the labor market and ended up increasing wages.

hbr.org/2018/01/when-more-women-join-the-workforce-wages-rise-including-for-men

by shooting jews until their inflation pyramid scheme comes crashing down

As it has been increasing -- decreasing unemployment and expanding the economy, and pulling people back into the workforce. Wages haven't increased much yet because we have a LOW labor participation rate compared to any other time in our history.

Specifics -

Manufacturing/assembly/trades and skilled jobs are key. Things that can be trained in in ~2 years or with apprenticeship, rather than expensive 4 year degrees.

Deporting illegal workers and enforcing the border. With a workforce of approximately 10 - 20 million illegals, it's going to depress wages across the board in manufacturing, building, farming, semi-skilled labor, etc.

Stopping/restricting H1B and other professional visas. Those jobs need to be filled first by Americans - not importing low-wage high-skill labor from Asias.

Stopping/restricting international attendance at our colleges. Those spots need to be filled with Americans who stay here.

Cutting corporate taxes further. Getting rid of overseas income tax for corporations and individuals alike.

It's textbook first year economics dumbass. If you double the supply of something you halve the cost of it. It's why men and women are both having to work to earn the same wages that a single man could earn back in the 50s. Get that bullshit feminist propaganda out of here.

>This doesn't happen
Yes, it does, especially as technology increases efficiency. We are at a point where every year advances in technology sum neutral the increased need for jobs that would normally happen with the population growing larger.

>Immigrants create demand for jobs by purchasing products, that demand for jobs leads to higher employment and more growth for everybody.
Immigrants work low-paid unskilled labor and don't buy luxury goods. They do not churn the economy.

Nice schizo posting, still waiting for an argument and not just "reee kikes go die ree"

It's not a joke actually
onlinelibrary.wiley.com/doi/abs/10.1111/ecoj.12611

>could explain what you mean by "note"
Yeah, it's a reference to our monetary system from after the Civil war IE the period where we went from being a backwards ass farming country to the greatest economic power in the world bar none. The difference between the note and what we use today is primarily who gets to issue it. Right now currency is created by the federal reserve which uses it to buy US debt. That's how they get new money into the system. So in order for new money to be made, the US government goes into debt to a private organization. Whereas US notes were issued by the treasury, and as such, did not create debt or interest payments for the federal government.

Rather than drawing their value from the ability of the government to tax the body politic, both through standard taxes and inflation, as the federal reserve note does, the US note draws it's value from the power of the US military and the guaranteed continuation of the state.

en.wikipedia.org/wiki/United_States_Note

youtube.com/watch?v=_zTVKnpNmyQ
> purchasing products
with what
not even touching racial component...

Provide some evidence for your claims, because you're literally pulling shit out of your ass. Immigrants, even the low skill kind, do definitely increase economic growth and if you think they don't then prove it.
oecd.org/eco/growth/24741853.pdf
forbes.com/sites/stuartanderson/2016/10/02/3-reasons-why-immigrants-key-to-economic-growth/

Stop letting in Mexicans. Supply and demand exists. /thread

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>articles from people who have a vested interest in an ever increasing supply of labor
>evidence for why an ever increasing supply of labor is good
wew

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>If you double the supply of something you halve the cost of it.

Show me a single economic paper that documents this happening within the labor market then. You don't understand shit baout labor economics, I can tell, because women and men are not substitutable workers, they aren't in the same supply category. A person with a college degree in engineering isn't going to compete with a lawyer, but by your logic they will because they're both just "workers"

You don't know shit about literally anything

Bringing in different groups of people only brings in people wanting to fight for their own people. Being a non white does not change how math works. It will change promotions to their people. Whites have bent the fuck over doing the diversity bullshit and won’t ever get it for themselves once bred out.

This is so fucking wrong lmao
see

You are horribly naive if you think They will keep all of us around to soak up the valuable and finite resources, once our labor is no longer necessary. I expect a 'natural' disaster or plague to cull a lot of humans this centuy.

Yeah, and now 60% of lawyers are women, you fucking mongoloid.

End inflationary money policy

>>articles from people who have a vested interest in an ever increasing supply of labor

Simply epic argument. If you actually read any of those links you'll know the first one is by one of the most anti-immigration economists ever, and trump even cited him as a reason to restrict immigration.

Go read a book you right wing retard.

You guys never cease to amuse me. Keep those ad hominens up buddy, you are the one who doesn't understand anything about economics or how feminism killed the labor market.

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>Right now currency is created by the federal reserve
wrong, every debt incurred in a bank spurts new money into the system, there is no money in commercial bank that you can borrow, they write it into existence, global debt is forever rising hence gradual debasement of currency, sole moment it has dropped in modern history was 10 years ago, the fed creating money is merely steering wheel of the economy, or as they would want you to thing gas pedal, the amount produced by them is miniscule

Awww babby can't make an argument, are you mad?

Supply and demand doesn't work like that
cato.org/blog/wage-effects-immigration-are-small

forbes.com/sites/quora/2018/01/18/technology-has-already-taken-over-90-of-the-jobs-humans-used-to-do/

Technology doesn't create jobs, the entire goal of advancing technology is to make things more efficient, which means less human labor. All of those low-skill immigrants will be on public assistance once technology is sufficiently advanced to take their jobs, which will be within a decade or two. Amazon is already piloting physical stores that don't require cashiers. Most of the transportation industry (taxis, buses, freight, etc) will be completely automated. And every year farms get more advanced and need fewer immigrants to pick berries. As per usual retards like you are prioritizing the short-term.

unironically increase our exports and decrease our imports of both people and goods

I don't think it's a matter of if immigrants increase economic activity. They obviously do.

It's more a matter of 1) what's the cost to society and 2) overall GDP/output is not necessarily in line with high wages, and the original question was how to increase real wage growth within the US.

The workers most impacted by illegal immigration are the ones most ill-equipped to deal with the fallout. We're talking Americans who may or may not even have high school diplomas, or no/little skills... or at least decayed skills. It's not just a matter of "oh illegals take the low wage jobs, and more higher paying jobs can be filled by citizens."

Stemming illegal immigration, and refining working and education rights within the US, would be a big step fowards.

remove women from the work force and wages will rise :^)

>feminism killed the labor market

I've cited multiple articles which reference peer reviewed economic analyses about why your claim is wrong, and all you do is reply to me with image macros about things completely unrelated to economics.

Please make a relevant argument instead of making baseless claims. You are living proof as to why white nationalists are some of the stupidest people alive

I dont think real wage is the issue. Trump is trying to increase GDP where GDP is getting hit hardest which is Net exports. Net exports is sum of all american exports minus the imports brought into america, which everyone knows is a deficit because imports are crazy high and america doesn't export as much. Tackling that is a good idea, but thats not going to change things in the long run. What he should do, is work with the the net capital outflow and investment curves of the american economy. Granted its harder, but economic savings is shit in the states and far lower than peak capital accumulation or golden rule for those who took first year econ. Change the net capital outflow in the economy to a positive by rapidly encouraging net savings. Net savings is equal to investment because savings is what finances investment.
Increase investment for long term capital growth and you'll see a definitive rise in real wage. And encourage less seignorage/inflation tax because that shit is the jews way of keeping americans poor as fuck. The government can encourage savings a bunch of ways but I think best way is lower gross taxes and government spending to, at the very least, be equal (which is hard to do given americas huge national overseas debt), and maintain a proportionate interest rate for net savers. Net borrowers won't see as big of a return, but the decrease in taxes would encourage investment because overhead costs would be cut down proportionally. Maintain consumer confidence by keeping inflation rates down and interest rates constant for at least a few years. Real wage and purchasing power will increase (but at the cost of firms being government shills and losing money from a variable cost). But so long as the administration didn't cave into the economic powerhouse corporations and inflate the dollar, the people and firms would still see a higher value for each. Keep prices from moving around due to money neutrality somehow.
t. macroeconomics teacher

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With the value of human capital diminishing it is difficult to combat however removing illegal immigrants from the country will certainly increase the value of human capital from the bottom and that will translate upward although it’s hard to gauge how that would inflate the price of goods. The offset might lessen the effect.

um, no that's wrong. We have had farm mechanization on a mass scale since the 1920's and we still have immigrants here in the US picking fruit and vegetables, hell, we have an entire visa program (H-2A) for seasonal agricultural workers. Immigrants will always be doing the jobs of robots, why? Because immigrants are cheaper and still work very hard.

Also, immigrants and their kids use less welfare than natives
cato.org/blog/immigrants-their-children-use-less-welfare-third-higher-generation-americans

You're articles and "research" are all propaganda dumbfuck. No real research has been or ever will be done into the vast damage feminism and women working has caused the economy. It's Grand Hersey to the religion of the Left. Also:
>You are living proof as to why white nationalists are some of the stupidest people alive
The dumbest white nationalist is more intelligent than the smartest spic.

Remove the tens of million illegal central americans

It would actually decrease wages
hbr.org/2018/01/when-more-women-join-the-workforce-wages-rise-including-for-men

The only people who suffer from immigration are racists. Instead of stopping illegal immigration how about you just legalize the ones here and make immigration open and legal? Then they could assimilate faster economically and help everyone even more.