Reply #16: Keep ignoring your lying eyes then. Decoupling is a real and serious factor. [View All]

[TheKentuckian]

Words have meaning, that is their purpose.

Productivity increases will not just be given up for shits and giggles.

The jobs have been going way before the crash and the profits have increased. Why are there going to be jobs created if your costs are down and your profits are up unless you are forced to play by different rules?

The distribution is serious as a heart attack too. As the wealth is in fewer hands it places a limit on activity. No matter how extravagant the few are, they can not maintain the output of the masses.

Automation is real, it is a factor everywhere. You at your computer replaced several folks already.

Globalization has an impact. Companies will take advantage of lower labor costs and even less regulation to squeeze more profits.

This isn't about words but the real world effects they describe. There are less and less jobs spread out among more people everyday and would be so to a lesser degree almost no matter what but the profit motive without safeguards seeks it.

The amount of economic activity not tied to goods nor services is vexing. A huge amount of our "growth" creates almost no jobs and certainly destroys many more. Betting on securities is activity and can and does contribute growth but the jobs are pretty damned sparse. The percentage of activity in this rabbithole is considerable.

We've got real factors in play here that act as serious gravity to your simple common wisdom. This isn't physics or a hard science where laws are at work and even with those rules of the universe, situation has significant impact.

An economy is a means to distribute resources to people. They can and do break down.