/biz/ - Business & Finance

[Anonymous No.12568084]

What the fuck happened?

[Anonymous No.12568095]

>>12568084
outsourcing and stagnant wages

[Anonymous No.12568132]

>>12568084
high/low vs the middle has been happening since the 1960s.

[Anonymous No.12568204]

>>12568084
niggers

[Anonymous No.12568225]

republicans

[Anonymous No.12568230]

>>12568225
kys

[Anonymous No.12568231]

>>12568095
Those are biproducts of the problems, not the problems themselves. What happened is we entered a global economy with no return ticket and no plans for how to keep our economy in proper shape. Bad political and economical choices fueled by greed. Low taxes and cuts and loopholes for the ultra rich and big business. No incentives to employ or produce locally.

Outsourcing is necessary to be competitive in a global economy, that’s fine and there’s no changing it. Doing the thing all the Republicans wave in front of your eyes (bring back “jobs” and get rid of “immigrants”) is brainlet tide thinking and will never actually happen because it’s a distraction meant to get you to vote. The end result of those things are large American businesses relocating to other countries or going out of business, and mass job loss and widespread street-shitting-tier poverty. There is only one good fix at this point which is to completely revamp our economic system. The alternative would be to create immense taxes on the wealthy which get paid out in the form of UBI to everyone else, which is too close to socialism for America’s liking and the powers that be will NEVER allow it. We are unironically fucked. If you make less than $250k/year you will be poor within the next 10-15 years.

[Anonymous No.12568244]

>>12568204
And spics too actually. They've flooded America with a new underclass.

[Anonymous No.12568257]

>>12568084
Number One: In 1945, corporations paid 50% of federal taxes; now they pay about 5%. Number Two: In 1900, 90% of Americans were self employed; now it's about 2%... It's called consolidation; strengthen governments and corporations, weaken individuals. With taxes, this can be done imperceptibly over time.
https://www.youtube.com/watch?v=ZAAp8juBte0

[Anonymous No.12568260]

Jews (of course), Republicans, immigrants, outsourcing, and automation.

Oh and (((inflation))).

[Anonymous No.12568261]

https://biblehub.com/matthew/25-29.htm

[Anonymous No.12568281]

>>12568084
>bar graph with break on the y-axis but not on the bars
maximally misleading, as expected of the source

[Anonymous No.12568295]

>>12568257
Obviously the statistics aren't the same because the game takes place in the future, but in principle he's right.

[Anonymous No.12568298]

neoliberalism

[Sage No.12568307]

>>12568084
Catherine Austin Fitts is all over this.

The SSP sucked untold trillions from the economy over OP's timescale. Like literally hundreds of trillions of dollars/gold gone and never returned.

There was a thread just on pol about connecting NESARA and 9/11. The breakaway civ responsible stole everything.

[Anonymous No.12568401]

>>12568084
less white people= less middle class
more niggers and spics=more slave class

[Anonymous No.12568483]

>>12568084
pic related

[Anonymous No.12568507]

>>12568084

Nothing happened. It's just a misleading chart that doesn't start from zero.

[Anonymous No.12568524]

>>12568084

Unironically: Japan industrialized, then NAFTA, China,, globalism, and other "pro-business" policies and international industrialization worked together to slash wages for the working class and shipped most of those jobs to other countries for a fraction of what they made. The tax code was changed so that gains went to the elite tier, which they then invested in more outsourcing and it accelerated the cycle. The cost of health insurance in the US has also been parabolic, eating up most raises in the '90s, 2000s, and 2010s, while a stagnant minimum wage that didn't keep pace with inflation put downward pressure on wages. Immigration didn't really factor into it until the mid-90s when the Peso crashed, but it hasn't helped since then. If you zoom out, a lot of this was pretty much inevitable in a global market: the US had its peak from about 1945-1970 because the rest of the industrialized world was rebuilding after WWII and a generation of young men and been badly thinned out. They rebounded and lost the need to depend on us for all their trade and manufacturing.

[Anonymous No.12568538]

>>12568483
Based

[Anonymous No.12568552]

>>12568231

I'm with you on the causes, but the end is fucking leftypol bullshit. People making under $250k won't be in street shitting poverty in the next 10-15 years unless the fucking apocalypse happens and UBI is not the only solution, though it would be a nice alternative to the minimum wage. Look up "negative income tax" for something that may actually be palatable to a lot of right and left wingers--which is exactly why we'd never fucking do it in any modern country.

[Anonymous No.12568557]

>>12568204
Actually white culture happened. I’m Sikh so I can explain this too you.

>You need to realize the only thing that makes money is money.

Now unlike my parents whites have been living in Canada for 3-4 generations but still are broke. This is because most whites just want to be modern slaves and work for someone else. Any money made from working is spent in a lifetime leaving the kids with nothing. Us Singhs only have one goal and that is to leave our kids with more wealth than we had because we the secret.

> the only thing that makes money is money

This require a lot of sacrifice from the first generation but after that each generation can continue to grow the wealth and live modestly off part of the dividends.

[Anonymous No.12569272]

>>12568281
Dude, that is literally the smallest way presenting this information is misleading. There are tons of reasons why even if this graph is true, that people's lives are still getting better, not worse.

[Anonymous No.12569411]

Businesses started telling their employees thar unions are bad.

[Anonymous No.12569437]

Central planning

[Anonymous No.12569443]

Outsourcing. Increased illegal immigration. Expansion of the welfare state.

Creates a system where there are more poors/dependents and rich benefactors of the new paradigm. Manufacturing died in the US and the killed off a lot of the middle class.

[Anonymous No.12569451]

>>12568557
>This require a lot of sacrifice from the first generation but after that each generation can continue to grow the wealth and live modestly off part of the dividends.

based. i too am going to be the one to break the cycle and plant the seed of intergenerational wealth.

[Anonymous No.12569455]

>>12569411

Unions have no power at all if their entire factory can be shipped overseas for half the cost. Backwards argument.

[Anonymous No.12569627]

>>12569411
Unions make a country poorer on average. They basically hurt everyone who isn't in that specific union.

[Anonymous No.12570170]

>>12569272

Fuck off.

Inb4 something about cheap iPhones making up for outsourcing

[Anonymous No.12570186]

>>12568084
Welfare
Minimum wage
Outsourcing
Women joining the workforce
Safety regulations
Prescription drugs

[Anonymous No.12570187]

Nice leftypol thread
reminder all of your kind will be slowly tortured

[Anonymous No.12570210]

>>12570170
CPI doesn't actually measure standard of living.

But yes, having technology that previous generations didn't have is an increase in standard of living that retarded metrics like that don't and can't measure.

Now, of course, I'm not saying there isn't a problem. There is a problem. The expanding government is making everyone (except a few politically connected) far poorer than they should be.

But, it's important to look at the matter factually, instead of with misleading statistics.

[Anonymous No.12570230]

>>12568084
This is happening all over the world. Inequality rises every year.

We're basically headed for a second feudal age of super rich and super poor wage/debt slaves with nothing in between.

[Anonymouse No.12570238]

>>12568257
>>12568231
>>12569411

This. Also, haven't been large-scale investments in infrastructure like the moon landing or the Highway Act, programs to make purchasing homes more affordable have all but disappeared, and deregulation has led to higher volatility in capital markets. This late capitalist hellscape is the result of too little government intervention, not too much.

[Anonymous No.12570250]

>>12568084
Quantitative Easing.
Middle-class have too much money tied up in Houses and Possession. Not Assets.

The Rich have assets. The very very rich get their assets inflated due to QE.

[Anonymouse No.12570281]

>>12570210
> things are getting better
Nah
https://thebaffler.com/salvos/consolation-prizes-pareene

[Anonymous No.12570293]

Trickle down economics. Among a few other things.

[Anonymous No.12570297]

>>12568084
In as little words as possible, the people who truly run America behind the shadows have been given citizens false hope and ideas that they have a voice when in reality they don’t. Our votes don’t mean shit and our president doesn’t do shit, the media fabricates everything with stupid ass shit from people caring if Santa is a guy to some fucking random ass bullshit like trump is racist blah blah blah. All of this is a ploy to keep society stupid and obedient. They want us to be just smart enough to operate equipment and work but dumb enough not to ask questions and it’s only going to get worse and worse. Make big money thinking outside the box and retire on some island away from this shithole called America because everything’s corrupt and is not what it seems. And no crypto is not thinking outside the box

[Anonymous No.12570298]

>>12568084
The rich became richer and then thwy got bailed out in 2008 and kept getting richer. Im sure thw chart is now below 40% in 2019

[Anonymous No.12570299]

But anons, we have iPhones! iPhones!!

[Anonymous No.12570303]

>>12570238
>deregulation has led to higher volatility in capital markets. This late capitalist hellscape is the result of too little government intervention, not too much.

Delusional. Blame Algos for the weird dumps and pumps if you want, but due to QE markets are heavily distorted.

>>12570293
Doesn't exist

[Anonymous No.12570305]

>>12570281
That was no where in my post.

>>12570250
QE is just a new face for an old trick.

[Anonymous No.12570312]

>>12570299
And cheap tvs

[Anonymous No.12570320]

>>12570299
Are you claiming samsung and apple was built by jews? Because it wasn't.

[Anonymous No.12570330]

>>12568084
median income is the same as it was in the year 2000, over 18 years and zero change

[Anonymous No.12570336]

>>12570305
>QE is just a new face for an old trick.
Yeah, shitty central bank policy.
Creating new money digitally to buy assets, but it's totally not the same as money printing guise trust us

[Anonymous No.12570339]

>>12570299
I tried discussing with my Boomer relatives how wages have stagnated and people don't have as much disposable income these days and they go "yeah well back then people didn't have so many crazy gizmos to waste their money on lile Iphones" Iphones? Are you fucking kidding me? I spend $700 every 2-3 years on a new phone, which equates to about $30 a month and you're telling me that's why i cant get a good job or buy a house? Fuck these people.

[Anonymouse No.12570341]

>>12570305
Best to cry mis-quote when you can't engage with ideas, but not when it's so easily disproven. From your previous post:
> people's lives are still getting better, not worse
Once again, (and >>12570312 too) see: https://thebaffler.com/salvos/consolation-prizes-pareene

>>12570303
Not blaming algos, blaming leverage ratios and absurd financial products.

[Anonymous No.12570352]

>>12570339
lmao
>mfw you could buy a house with literally one year of working and saving back in 1960
there is no bridging the gap, anon. I don't even try.

[Anonymous No.12570353]

>>12568401
she has a really puffy pussy

[Anonymous No.12570371]

>>12570293
>Lets give all of our money to the .1% that'll definitely grow the middle class Ahahhahhahhah congrats on all your new (middle class home owner) register openers and burger flippers joining the work force.

[Anonymous No.12570387]

>>12570293
>Lets give all of our money to the .1% that'll definitely grow the middle class.

Ahahhahhahhah congrats on all your new (middle class home owner) register openers and burger flippers joining the work force.

[Anonymous No.12570398]

problem is automation, corporate greed (shareholders over everything), and immigration. living standards are going down but costs are going up. classic doomsday scenario that will hit a breaking point in the near future (no one can afford rent without multiple roommates or buying a house) and student debt/auto loan debt is almost nuclear level bad

[Anonymous No.12570406]

>>12570293
>Lets give all of our money to the .1% that'll definitely grow the middle class.

Ahahhahhahhah congrats on all your new (middle class home owner) register openers and burger flippers joining the work force.

[Anonymous No.12570419]

>>12568084
millennials being entitled as always.

[Anonymous No.12570451]

>>12568231
excellent summery.

>>12568257
also great

>>12570186
retard

[Anonymouse No.12570459]

>>12570398
Immigration has been proven, time and time again, to always be a net positive for the economy. Most recently it was proven by a document published by the Trump administration:
https://www.nap.edu/catalog/23550/the-economic-and-fiscal-consequences-of-immigration
Most notably, immigrants with a high-school level education or less do not, in fact, compete head-to-head with American workers.

[Anonymous No.12570490]

That chart is misleading. It goes from 0 to 40 same as other increments. This is like the nvidia amd benchmarks.

[Anonymous No.12570515]

>>12568257
a hell of a lot of it comes down to shrunken marginal corporate tax rates.

[Anonymous No.12570516]

>>12570451
When you talk about incentivizing local production, do you think that means forcefully raising wages, of taxing more harshly goods made elsewhere?

[Anonymous No.12570526]

>>12568084
>median
Wait, I'm confused too. Rising inequality shouldn't affect the median (but drives up the mean).

What do they mean by "within 50%"? As in, if the median is $50,000, the percentage of people who make $25,000-$75,000?

[Anonymous No.12570636]

>>12568257
>actually believing vague unsourced data from a video game.

[Anonymous No.12570646]

>>12568084
republicans dont tax rich

[Anonymous No.12570648]

>>12568084
jews

[Anonymous No.12570691]

>>12570646
wut, Trump slapped companies for using the Democrat-given loophole of holding cash overseas. Apple alone was fined $38,000,000,000 in a single year for it (2018). Thousands of huge companies, especially the richest ones (tech) were hit with this. Democrats "tax" the rich then add loopholes. Republicans lower every honest person's taxes and close the loopholes.

[Anonymous No.12570707]

>>12570691
Trump did this, but don't say GOP does this. They've done their fair share of harm.

[Anonymous No.12570821]

>>12570330
That's a fucking retarded way to look at median income. Households today aren't the same as they were then. There are far more single parent households today, which would suggest that median income (not median household income) has gone up.

I don't know though, it's hard to say, because your graph is not what you said it is and is not a great way to track income of a population.

>>12570336
>shitty central bank policy
Having a central bank is a shitty policy. There is no such thing as good central bank policy.

>>12570341
You didn't engage with my ideas you stupid bastard. That was my entire point. And no, I'm not clicking on your dubious link.

[Anonymous No.12570855]

>>12568084
/biz/ is slow af.

Women's "rights" happened. One fell swoop and all is in ruin. Social cohesion destroyed. Family destroyed. Moral fabric destroyed. Half the wage, double the traffic, double the taxes, business can't afford to hire who gov says to and pay them what gov says to.

[Anonymous No.12570874]

>>12570691
Trump just gave them a massive tax cut just recently what are you smoking?

[Anonymous No.12570946]

>>12570170
people rag on boomers but it's the millennials who need to be exterminated

[Anonymous No.12570972]

>>12568231
good post, surprising quality for /biz/

[Anonymous No.12571021]

>>12568483

Damn. Revolution when?

[Anonymous No.12571606]

>>12568557
This. Look at all these posts. Whites giving away there wealth and trying to figure out what’s going on lmao. Anyone working for a living is a modern day slave. If your not making 200k/year passively today you won’t be on the rich side a the divide grows.

[Anonymous No.12571628]

>>12568084
Put it right next to a chart of the annual income of the top 10% or top 1% and you'll see

[Anonymouse No.12571782]

>>12570821
I directly disagreed with the point in your first post and provided evidence for why I felt the way that I did.
You claimed, incorrectly, that I was misstating your point, and failed to engage with my evidence.
I corrected your blunder by directly quoting you instead of paraphrasing, and provided evidence to support my point (again).
You've just admitted to not engaging with my evidence under the pretense that it is "dubious" (despite the fact that a Google search would reveal that the publication I was citing is 30 years old) and, instead of formulating an argument, are accusing me of using your asinine tactics.
The world would be a better place without you. The middle class is shrinking, standards of living are going down, and it is bad for everyone except the ultra-rich.
https://thebaffler.com/salvos/consolation-prizes-pareene

[Anonymous No.12571810]

>>12570459

Bullshit. Propaganda pushed by globalist economists. They can't quantify the effects on the common man that easily, it's an extremely complicated dynamic.

If a country is starved for low-skilled work, and bears a delicate welfare state dependent on a good contributor/dependent balance, introducing masses of more low skilled laborers is a recipe for disaster and it will be tangibly felt by every low class individual. Jobs will be scarce, quality of life will suffer, the system will get strained and potentially bankrupt.

Economies aren't a matter of people => benefits. How are India and Bangladesh doing?

[theVCHAX !!JTDPoQcvHXX No.12571853]

>>12568231
I don't buy this
80% of gpd is domestic.

Also what was the split over the last 200 years?

[Anonymouse No.12572002]

>>12571810
You're arguing with claims that the report doesn't make, and are making point spurious to the ones that it does. I'd recommend reading, at least, the summary.

[Anonymous No.12572011]

>>12568230
he's not wrong you fucking trumpflake

[Anonymous No.12572183]

>>12568095
stagnant wages
mooning prices
skyrocketing real estate

[theVCHAX !!JTDPoQcvHXX No.12573153]

>>12570459
immigration of whom

[Anonymouse No.12573432]

>>12573153
The report refers to present immigration trends and populations

[Anonymous No.12573473]

>>12570230
Except feudal serfs worked less and were in better health.

[Anonymous No.12573497]

>>12570459
>Immigration has been proven, time and time again, to always be a net positive for the economy.

What's good for the economy has not been proven to be a good thing for the average person.

Cheaper goods? That's good. But no one has a job or any money to buy said cheap good.
Cars are made cheaper? That's great...but no one can afford the cars, or the upkeep for the cheap cars they have, or have anywhere to go with said cars.

Nations needs a strong middle class and a mobile and healthy lower class to function. If not then you have nothing but a slave state and a civil war brewing.

[Anonymous No.12573719]

>>12572011
He actually couldn’t be more wrong, it’s literally the opposite. It’s the Democrats and their pet nigs

[Anonymous No.12573824]

>>12570874
>I've lowered your taxes
>But you actually have to pay your taxes
This is what we all wanted. Rich people weren't paying any taxes, the "rate" wasn't an issue. The loopholes meant they didn't pay their rate anyway. Ask yourself how he "lowered" their taxes so much and yet had 3 months of 2018 where he broke the record for tax collection then beat his own record twice.

[Anonymouse No.12574240]

>>12573497
Read the fucking summary of the report at least.

I don't disagree that 'good for the economy' is often garbled nonsense that doesn't mean much, and in many cases can be insidious to the working class for all the reasons discussed in this thread.

However, as this report details, the idea that immigration is bad for said working class is unequivocally false. There are enemies trying to fleece you, friend, but it's not the fucking war refugees.

[Anonymous No.12574932]

>>12568084
Immigration, outsourcing to China, increasing healthcare, education, and real estate costs.

>>12568231
>We entered
The US made a conscious decision to engage in reverse mercantilism to cultivate allies against Russia, it wasn't like the Global Economy (tm) just popped into existence one day.

[Anonymous No.12574937]

HOOOLY SHIT what the fuck ? is it really that bad?

[Anonymous No.12574947]

>>12570459
>positive for the economy
What does this mean, exactly?

[Anonymous No.12574950]

>>12574240
>the idea that immigration is bad for said working class is unequivocally false.

Dumb it down for us.
Tell us all in plain simple words how bringing in a slave class who will try to ethnically cleanse neighborhoods and sees the natives as easy prey is good for said country and the workers in it.

I'm curious.

[Anonymous No.12574982]

>>12574950
These studies tend to use very carefully massaged data to find the desired outcome. Corporations/think tanks are the ones providing the grants for these studies. For example:

>Whoa, the CATO institute found that open borders are good and that we need to lower taxes. Whod've thunk it?
>Wow, the Brookings Institute found that racism is a cause of differential earnings between ethnic groups in the US. What a surprise.
>Wow, the Heritage Foundation found that we need to cut taxes. Interesting!

[Anonymous No.12575075]

>>12574950
Yeah, there’s definitely immigrant deathsquads everywhere gassing people

:-/

[Anonymous No.12575097]

>>12568084
Its only 8%.. Correlate it against immigration, see what happens.

[Anonymous No.12575235]

>>12570170
is it me or is the graph the opposite of the headline?