tag:blogger.com,1999:blog-27951078.post731989291774229335..comments2024-02-02T05:45:33.724-06:00Comments on Incoming: John Phippshttp://www.blogger.com/profile/03245790061133614986noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27951078.post-63645808056841395812010-05-16T17:06:13.115-06:002010-05-16T17:06:13.115-06:00John, while PR is a tiny piece of government as yo...John, while PR is a tiny piece of government as you say, it is bigger than you think. The data you cite is just from the Secretary's Office of Communication. On top of that, each of the 26 agencies within USDA also have their own PR shops. Multiply this across government and it adds up.From Virginianoreply@blogger.comtag:blogger.com,1999:blog-27951078.post-69717683088891081602010-05-16T16:36:08.674-06:002010-05-16T16:36:08.674-06:00Yep I agree I should have listed technology as a f...Yep I agree I should have listed technology as a factor too. <br /><br />Only problem I have with your value of labor comment is that the theory falls apart when you look at the compensation rates paid to CEOs. <br /><br />Overall, declining wages are also the price we are paying for companies finding markets overseas to fuel continued expansion. Our economic system is essentially a Ponzi scheme and continued growth is necessary to keep the scheme working even if it does leave a lot of people in the ditch here at home.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27951078.post-72413444820426474532010-05-16T09:51:18.055-06:002010-05-16T09:51:18.055-06:00anon:
Wage levels should reflect value of labor. ...anon:<br /><br />Wage levels should reflect value of labor. In this case I don't think there is much.<br /><br />You are right about the race to the bottom, although I believe it to be driven by the elimination of many types of work due to technology - not off-shoring.John Phippshttps://www.blogger.com/profile/03245790061133614986noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-73759112751509537232010-05-16T06:57:11.438-06:002010-05-16T06:57:11.438-06:00The wage differentials are the result of our Wal M...The wage differentials are the result of our Wal Mart economy. Private industry has been going backwards. Unions have been broken, good jobs and industries have been sent overseas, and benefits have been reduced or eliminated. Whats left is a service economy with lower wages. Welcome to the world of globalization that the titans of industry have pushed upon America. Sounds like Cato endorses a wage race to the bottom. Well we are well on our way.Anonymousnoreply@blogger.com