iamwhatiseem
Diamond Member
Although some of this is true, your response does not contradict my statement. ALL ECONOMIC ACTIVITY begins and ends with labor.
Do you even understand that a dollar's only value is as a claim on labor?
When labor has had enough, they will assert this fact.
Sorry, that is how it used to be 30 years ago.
The service industry is where the money is at. Sad, but true.
I know because I am in manufacturing. I run a decent sized printing company, and as a printing company we print for all walks of industry - therefore I have unique exposure to lots of industries that few people have.
Manufacturing, particularly small manufacturing...they are all on the race to zero...as in zero profitability. People don't value production anymore. You can make a ton more money SELLING a product than actually making it...by a LOOONG shot.
I happen to agree. Capitalism has reduced labor to a mere commodity--as predicted by Marx. That is the Modern Problem in economics. And you should always remember that economics is a social science.
Ahh...but here we depart again.
It isn't capitalism that has killed labor - nay, it is consumerism that couldn't give a rats ass about who made what they buy. Evidence? Just look at the WalMart thread that is popular right now.
When millions and millions of consumers consistently choose a lower price over just about everything else - this leaves absolutely no choice by manufactures and retailers alike to cut costs anywhere they can. And as an employer, I can tell you the fastest and by far the most effective means to cut cost...is...you guessed it - labor.
Don't blame the fat guy smoking the cigar - he is only the symptom. The disease is the common citizen who sh*ts in his/her own backyard by buying the cheapest product over and over and over and over and...