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> This marketization of labor was partially responsible for wages increasing over 20 fold, in inflation adjusted terms, since 1820. What's your evidence for th

• CryptoPunk 6y ago
  Market reforms, including expansions of contracting rights for employers and employees, have as a rule been followed by increases in per capita GDP and wages. The positive impact of a reduction in restrictions on the labor market, in favor of contract rights, has been widely observed and studied by economists.
  • Gibbon1 6y ago
    Course in the US wages have been stagnant for 40 years now.
    • CryptoPunk 6y ago
      Wage growth has slowed, but hasn't ceased altogether. Statistics showing wages not growing or diverging from productivity are due to a misapplication of the inflation index: https://www.brookings.edu/opinions/sources-of-real-wage-stagnation/ https://www.brookings.edu/opinions/sources-of-real-wage-stag... Anyway, the US has embarked on a massive social democracy course since 1965, so a slowdown in the rate of development is what you would expect.
      • jahaja 6y ago
        > the US has embarked on a massive social democracy course since 1965 Do you have a single source for this absurd claim? It seems much more likely that you are just shooting from the hip due to ideological bias.
        • CryptoPunk 6y ago
          This is a well-established fact in Economics. https://fivethirtyeight.com/features/what-is-driving-growth-in-government-spending/ https://fivethirtyeight.com/features/what-is-driving-growth-... Annual spending growth (inflation adjusted) on various components of social welfare spending (1972 - 2011): >Pensions and retirement: 4.4% >Healthcare: 5.7% >Welfare: 4.1% Annual economic growth over the time frame: >2.7% This is annual growth, over a course of 40 years, resulting a massive increase in social welfare spending as a percentage of GDP.
          • jahaja 6y ago
            How on earth does that substantiate that the US has made "a massive shift to social democracy"? What typical social democratic welfare state benefits have been introduced during that time? Please link to a single well-established social scientist or respectable political commentator that backs up that outrageous claim.
            • CryptoPunk 6y ago
              You don't know how on Earth evidence of a massive increase in social welfare spending, as a percentage of GDP, substantiates the claim that the US has massively shifted to social democracy? Why are we even having a discussion right now, if you're going to engage in such bad faith? >>What typical social democratic welfare state benefits have been introduced during that time? How about you do your own homework. Start with the Medicare Act of 1965, and then continue down the laundry list of social assistance programs provided by local, state and federal government, that have been instituted and expanded since 1960.
              • jahaja 6y ago
                Increases in social spending has no direct relation to "a massive shift to social democracy". Especially in a system where for example healthcare gobbles up vast amount of resources due to too many middlemen and profit motives. > How about you do your own homework. No, no and no. You're making extra-ordinary claims and should provide extra-ordinary evidence. The fact that you can't, never mention to provide some source, or mention a prominent person that actually uses sources that promotes this position, about this "massive social democratic shift" just indicate that you're basically just making this up by yourself using conjecture about policies you deem "socialistic".