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Tuesday, August 01, 2017

The only way to raise wages

Is to reduce the supply of labor. American workers can only benefit from the elimination of labor visas, increased limits on immigration, and stepped-up deportation, as evidenced by the response of Maine businesses to a "shortage" of H-2B visas:
Businesses in Bar Harbor, Maine are turning to locals to make up for a shortage of foreign guest workers that normally fill summer jobs in the bustling seaside resort town.

Because the H-2B visa program has already reached its annual quota, Bar Harbor’s hotels, restaurants and shops can’t bring in any more foreign workers for the rest of the busy summer tourist season. Like hundreds of similar coastal resort towns, Bar Harbor has for many years depended on the H-2B visas for temporary workers. The program allows non-agricultural companies to bring in foreign labor if they are unable to find suitable employees domestically.

Now they are coming up with creative ways to attract local labor, reports the Bangor Daily News.

The Bar Harbor Chamber of Commerce will hold a job fair Saturday in an effort to recruit significant numbers of workers from the region. Just about every kind of business in the town is looking for help, says chamber executive director Martha Searchfield.

“All types of businesses — retail, restaurants, the tour boats, all the trips, everything. All types of workers are needed,” she told the Daily News.

The shortage is so acute that companies are sweetening incentives for local workers. Searchfield says some businesses are offering flexible schedules that might appeal to older workers who might be interested in working only a day or two each week. And other companies have gone so far as to offer higher wages to entice locals.
That's not a problem, that's an indication of a solution. As long as tens of millions of Americans remain unemployed, there is absolutely zero net benefit to the economy or to American workers from immigration. All immigration accomplishes is to increase income inequality to the advantage of very large US corporations and the financial class that caters to them.

Whenever half-educated midwits talk about the economy and "business profits", one thing you will note that they NEVER mention is that about one-third of all corporate profits go to the financial industry, which is up from three percent in the 1950s.

In other words, all that this failure to protect American jobs in the name of "free trade" has accomplished is to redistribute income from the working and middle classes to the .01 percent. Of course, there is nothing "laissez faire" about it, it is the direct result of government action. And as we've seen, even straight-up communism is better for a nation than this unconscientious corporatism.

AA comments: It's people taking advantage of high-standards, high-trust society in which to produce and sell their goods, while importing low-standards/low-trust/low-quality laborers to provide their goods.

In other words, it is short-term societal arbitrage, which is the equivalent of strip-mining a society.

Labels: ,

167 Comments:

Blogger Red Bane August 01, 2017 7:58 AM  

The bubonic plague resulted in higher wages due to a decrease in labor. It was a boom time for society left standing

Blogger Ransom Smith August 01, 2017 8:00 AM  

Removing women from the work force is the other one.

Anonymous Shimshon August 01, 2017 8:00 AM  

You mean, these aren't jobs Americans won't do?

Anonymous Icicle August 01, 2017 8:06 AM  

Whenever half-educated midwits talk about the economy and "business profits", one thing you will note that they NEVER mention is that about one-third of all corporate profits go to the financial industry, which is up from three percent in the 1950s.

When you mention the top 1%, 53% of them are Jewish.

Help fight Contra-Semitism.

Anonymous Rocklea August 01, 2017 8:08 AM  

"And other companies have gone so far as to offer higher wages to entice locals."

Just imagine if you started protecting industries through import bans and tariffs, stopped immigration and deported illegals. Blacks might work and get married again. Wages would go up and college campuses would close.

Blogger Pteronarcyd August 01, 2017 8:08 AM  

And, once immigration is properly controlled, reduce the labor pool further by selling women on the idea that being a homemaker is her highest calling.

Blogger Zapp Brannigan August 01, 2017 8:11 AM  

I'm in Maine right now on vacation in a small coastal town supported by a Maritime Academy. It's so far out of the way that the H1Bs apparently haven't found it yet as the community is almost wholly White.

It's been interesting to see small businesses, museums, restaurants, and libraries all staffed by non-minorities. And that is to say nothing of the maintenance docks and ship-building facilities down by the harbor. And it's always been like this. My father graduated from the academy back in the 60's and our family has been coming here since I was a kid, and it never seems to change; it's like going back in time.

Blogger Azure Amaranthine August 01, 2017 8:11 AM  

It's people taking advantage of high-standards, high-trust society in which to produce and sell their goods, while importing low-standards/low-trust/low-quality laborers to provide their goods.

It's all to inflate the pockets of the greedy few willing to abuse absolutely everyone and anyone else for a buck. It doesn't help the economy, it actually shits all over it except for those greedy few.

It's the same concept as free markets with people using slave labor. The people using slave labor produce non-competably cheap products by abusing people, and they drive all the non-abusers out of business by doing so. Effectively they didn't just enslave their slaves, but by non-slaves letting them do that, they also proceeded to enslave (in a way) everyone else who would otherwise compete with them as well.

Blogger Stg58/Animal Mother August 01, 2017 8:11 AM  

This article made me laugh and cry simultaneously.

Blogger Azure Amaranthine August 01, 2017 8:12 AM  

@3. Shimshom, they are jobs that the employers are too greedy to pay an American fairly to do. So, they import second and third worlders that they can cheat.

Anonymous Rocklea August 01, 2017 8:12 AM  

"Help fight Contra-Semitism."

Semitephilia

Anonymous Icicle August 01, 2017 8:15 AM  

even straight-up communism is better for a nation than this unconscientious corporatism.

What exactly is going on here? It almost looks like a Fascist-Communist hybrid plus Libertarian open borders. Almost like the worse parts of each. Basically full retard.

Blogger Azure Amaranthine August 01, 2017 8:16 AM  

"Almost like the worse parts of each. Basically full retard." Worse for everyone who isn't (((fake))).

Blogger Esteban Serafini August 01, 2017 8:17 AM  

"And other companies have gone so far as to offer higher wages to entice locals."

You can almost taste the horror

Blogger Cail Corishev August 01, 2017 8:19 AM  

"And other companies have gone so far as to offer higher wages to entice locals."

Wow, if you pay more for something you get more of it? That's an idea so crazy it just might work.

My dad, a farmer without a single economics degree, has been saying this for decades. Other farmers would tell him you can't get kids to do farm work anymore, they're all lazy and soft and want to work in town at McDonalds with their friends. My dad had a waiting list of boys wanting to bale hay in the summers -- because he paid about double minimum wage.

Of course, that didn't get him into the 1%, so I guess it was a failure.

Blogger Aeoli Pera August 01, 2017 8:19 AM  

And other companies have gone so far as to offer higher wages to entice locals.

Oy vey!

Blogger Mr.MantraMan August 01, 2017 8:20 AM  

You heartless bastards don't you know that tour boats were rotting in the fields?

Thank god I can always go to NRO for true conservatism of the chinless kind.

Blogger Azure Amaranthine August 01, 2017 8:22 AM  

@17. IF they were rotting, apparently people didn't need them very much.

Anonymous Jerry Roth August 01, 2017 8:23 AM  

"In other words, all of that this failure to protect American jobs in the name of "free trade" has accomplished is to redistribute income from the working and middle classes to the .01 percent. Of course, there is nothing "laissez faire" about it,"

It's a good start. Now...let's equal out the tax code. Higher rates for the top earners. Higher taxes on investment income to match earned income. No more union busting. Reduced corporate tax.

YOu've got a tax structure that is aimed at helping bankers and screwing the middle class. The Middle Class doesn't need a tax break either. They just need a level playing field.

And healthcare? Everyone gets it. Everyone pays for it, including the young, middle aged, old, healthy, and feeble.

Banks? Re regulate the shit out of 'em.

Screw the banks and the .01%.

Blogger Aeoli Pera August 01, 2017 8:24 AM  

The thing is, Mexicans don't necessarily work for less, they work for the privilege of being in a country with great welfare programs. American workers (mostly) prefer income over government handouts, and will take a "paycut" to get money from their employer rather than taxes. So the whole labor shortage thing is a charade, it's just that employers want taxpayers to pay for their labor costs because they're being squeezed, in turn, by over-regulation.

Anonymous Steve August 01, 2017 8:24 AM  

Yarp. Been hearing nonsense from business types and cucks since the 90's about how we "need" immigrants to drive buses and man supermarket checkouts, even in traditional unemployment blackspots like Liverpool and Glasgow.

Naturally the taxpayer gets to pick up the costs of healthcare, housing benefit, child benefit, etc. etc. for immigrants who undercut local jobseekers by living 20 to a house. The Conservatives call this "the free market".

Short of a world war or zombie apocalypse, there's no such thing as a "labour shortage", only an unwillingness on the part of greedy employers to pay the going rate for local labour.

It's not just about the pay though. British workers can be truculent and don't take kindly to being messed about. Foreign scabs are more biddable and don't expect career progression.

For all the talk of corporate social responsibility and sustainability, there can be few things less responsible or sustainable than a business model based on hiring hordes of low-skilled, low-paid wage-locusts at the expense of the communities they descend on. A tyre fire in an asbestos factory would do less damage.

Blogger Grape August 01, 2017 8:27 AM  

"The annual limit for H-2B visas is set at 66,000, half for the winter season and half for the summer. In the past, workers who had previously come to the U.S. on H-2B visas were given a “returning worker” exemption and not counted against the cap. Congress did not include the returning worker provision in this year’s authorization, but instead gave Homeland Security Secretary John Kelly the power to raise the limit by as many as 70,000 extra visas for the summer.

Several lawmakers are pressuring the Trump administration to authorize more H-2B visas, and DHS is expected to announce a higher cap this month. Independent Maine Sen. Angus King has introduced legislation that would restore the returning worker rule."

Maine Sen. Angus King supports the workers of Maine, unless they are Americans.

Blogger Mr.MantraMan August 01, 2017 8:30 AM  

I'll assume the H2B scam was a work around to avoid colored people because those that can afford to travel can afford to skip the diversity.

Again the Left is a woman, it is not what they say it is what they do, but thank god for conservatives someone has to take them at face value.

Blogger Azure Amaranthine August 01, 2017 8:30 AM  

@19. Jerry, go away communist.

Blogger Azure Amaranthine August 01, 2017 8:31 AM  

And by this I mean, while some of your thoughts are sensible, more are insane. Either that or you've communicated them exceedingly poorly.

Blogger Aeoli Pera August 01, 2017 8:35 AM  

Azure Amaranthine wrote:And by this I mean, while some of your thoughts are sensible, more are insane. Either that or you've communicated them exceedingly poorly.

Jerry "Roth" was your tipoff. What's in a name?

Blogger Dirtnapninja August 01, 2017 8:38 AM  

I wonder if anyone has ever noticed how the structure of the american economy literally strips the wealth of the interior to the benefit of the coastal cities. If you outsource your production and import cheap labour, native workers lose out. The increased profits are concentrated in the large urban centers where finance is located. The end result is a massive transfer of wealth.

Anonymous Viiidad August 01, 2017 8:46 AM  

Jerry Roth wrote:"In other words, all of that this failure to protect American jobs in the name of "free trade" has accomplished is to redistribute income from the working and middle classes to the .01 percent. Of course, there is nothing "laissez faire" about it,"

It's a good start. Now...let's equal out the tax code. Higher rates for the top earners. Higher taxes on investment income to match earned income. No more union busting. Reduced corporate tax.

YOu've got a tax structure that is aimed at helping bankers and screwing the middle class. The Middle Class doesn't need a tax break either. They just need a level playing field.

And healthcare? Everyone gets it. Everyone pays for it, including the young, middle aged, old, healthy, and feeble.

Banks? Re regulate the shit out of 'em.

Screw the banks and the .01%.


wup wup wup wup wup wup wup

Blogger Harambe August 01, 2017 8:46 AM  

The same business that will go on about only selling "locally-sourced, organic" crap will, without blushing, use non-"locally-sourced" labour to sell it.

Anonymous Johnny Mayonnaise August 01, 2017 8:50 AM  

"The program allows non-agricultural companies to bring in foreign labor if they are unable to find suitable employees domestically."

And what's the standard of performance for that? An obscure "Help Wanted" sign tucked into the lower corner of a front window?

Blogger Cail Corishev August 01, 2017 8:51 AM  

I wonder if anyone has ever noticed how the structure of the american economy literally strips the wealth of the interior to the benefit of the coastal cities.

Yes, we've noticed. We mostly accepted the tradeoff because the cities gave us things like pro football games to watch and museums to visit. We fed them and they produced some things we liked to have. But the things they produce are starting to smell bad, so....

Anonymous CarminoReal August 01, 2017 8:54 AM  

Still wish, In the Current Year, anyone discussion those "jobs Americans won't do" PLEASE START POINTING OUT THE OBVIOUS (that no one ever seems to), ALL THOSE JOBS, including the peach picking in the hot sun all day, were DONE by White People (and blacks in other jobs) since the founding of the Nation. It's like no one, save perhaps Tucker Carlson, has read the Grapes of Wrath.

Percentage of the populations, Whites and blacks did all the manual labor jobs, and still largely do, from driving trucks, to coal mining, to offshore oil work, to nanny jobs. La Raza types keep getting away with acting like somehow the "magic dirt" of this country took care of all those things before they were permitted to waltz into our country in droves. Those jobs were worked, and were GOOD jobs for almost two hundred years before we opened our doors up for good in the mid 60s.

Blogger Josh (the gayest thing here) August 01, 2017 8:55 AM  

Supply and demand, who knew?

Blogger Cloom Glue August 01, 2017 9:02 AM  

I think the profits of financial corporations are larger now because leverage results in too low interest rates. Interest went to savers in the 1950s and is now siphoned off by way of leverage. There is less of a link between borrowing and saving than in the 1950s. All new borrowing is satisfied without new saving.

I mention this because this adds an extra dimension to the financial profits versus non-financial profits argument since those financial profits could be reduced by 66% without increasing nonfinancial profits. The interest would go to savers, not corporations in finance.

I think open trade with other countries would be in better balance too, with higher world interest rates, even without tariffs, but that is another story regarding borrowing to finance trade deficits, without a link to real savings.

Anonymous Bobby Farr August 01, 2017 9:02 AM  

Hold on. Let me see if I get this. Importing the dregs of the earth and having the government subsidize their wages and living expenses has NEGATIVE consequences??? I will withhold judgment until a peer reviewed study by an Ivy League economist is provided.

Anonymous Überdeplorable Psychedelic Cat Grass August 01, 2017 9:03 AM  

@5 If the Japanese can do it, why not us?

@7 I love towns like that. It'd be great if the whole country started in that direction. Also, apparently you rocked Leela's world.

It sounds similar to where my family vacations: almost 100% white.The only minorities that I recall are some Mexicans at an Acapulco's. I've been going to that vacation spot since I was a kid as well.

@15 Shocking how raising wages attracts labor, right?

@22 Sen. King has to go back. On that note, although I don't live in Maine, I support an H1-B replacing King's position.

@33. Shhhhh! You'll get ppl thinking we can get by without Mexicans again!

Blogger Cail Corishev August 01, 2017 9:03 AM  

An obscure "Help Wanted" sign tucked into the lower corner of a front window?

HR departments have lots of tricks for advertising jobs in a way that makes sure no one applies or qualifies. They used to use those tricks when they wanted to promote internally, and didn't want to get stuck hiring some outsider whose qualifications beat the insider's. Now they use them to keep out Americans.

There's a dairy operation right down the road from me that employs mestizos. Legal or illegal, I have no idea. Whenever people start on the "you can't find American workers" nonsense, I point out that this place never put out a simple Help Wanted sign, even though there are lots of people in the area with farm/dairy experience. They don't go to the county fair and put up a sign in the dairy barn. They wouldn't bother with any of that, because everyone in the industry "knows" from all the magazines and organizations that you have to hire from south of the border and have a manager who speaks Spanish.

Blogger James Dixon August 01, 2017 9:14 AM  

>It's a good start. Now...let's equal out the tax code.

Equal tax rates for everyone? Sure, sounds like a great idea.

> Higher rates for the top earners.

How is that equal?

> Higher taxes on investment income to match earned income.

You think you're going to get an argument here? Income is income. As long as it's denominated in the local government provided script, it should all be taxed the same.

> No more union busting.

The only ones busting unions are the unions themselves.

> Reduced corporate tax.

How is that fair? They persons under the law. Unless they're willing to give that up, they should be taxed as persons.

> And healthcare? Everyone gets it. Everyone pays for it, including the young, middle aged, old, healthy, and feeble.

Yeah, how's that been working out for you?

> Banks? Re regulate the shit out of 'em.

Agreed. And break up the ones that are "too big to fail".

Blogger Student in Blue August 01, 2017 9:22 AM  

Working in a (admittedly small and local) bank, the answer is not "RE-REGULATE!" or necessarily "DE-REGULATE!", but rather when people break the law freaking punish them. Don't let the huge banks skate by with breaking the law already in place, and adding more regulations isn't going to stop them because they were effectively ignoring the laws to begin with.

Anonymous TS August 01, 2017 9:22 AM  

"It's all to inflate the pockets of the greedy few willing to abuse absolutely everyone and anyone else for a buck. It doesn't help the economy, it actually shits all over it except for those greedy few."

The ironic thing is leftardism helps that .01% get richer. Just try to convince a leftard about how the fed is a bad idea. But hey leftards have those morally hazardous social programs and last but not least happy talk about how their overlords "care".

Blogger Aeoli Pera August 01, 2017 9:26 AM  

Viiidad wrote:Jerry Roth wrote:"In other words, all of that this failure to protect American jobs in the name of "free trade" has accomplished is to redistribute income from the working and middle classes to the .01 percent. Of course, there is nothing "laissez faire" about it,"

It's a good start. Now...let's equal out the tax code. Higher rates for the top earners. Higher taxes on investment income to match earned income. No more union busting. Reduced corporate tax.

YOu've got a tax structure that is aimed at helping bankers and screwing the middle class. The Middle Class doesn't need a tax break either. They just need a level playing field.

And healthcare? Everyone gets it. Everyone pays for it, including the young, middle aged, old, healthy, and feeble.

Banks? Re regulate the shit out of 'em.

Screw the banks and the .01%.


wup wup wup wup wup wup wup


Lol.

Blogger seeingsights August 01, 2017 9:34 AM  

Businesses and Republican politicians who support the immigration policy we've had since 1965, are really thinking short term. Short term they save on costs. But these immigrants impose costs on society through their use of the welfare-regulatory state and their higher rates of crime. Also they vote for an increased welfare-regulatory state, which will be detrimental to the very businesses that employ them. Vladimir Lenin said that the capitalists will sell the rope that hangs them. Busineeses and Republican politicians are importing people which will lead to their demise.

Anonymous RJ August 01, 2017 9:38 AM  

"The program allows non-agricultural companies to bring in foreign labor if they are unable to find suitable employees domestically."

And what's the standard of performance for that? An obscure "Help Wanted" sign tucked into the lower corner of a front window?


Here's how it works:

A company advertises the open position, but then they put a qualification in the ad that no American can meet. For instance, "must be fluent in Korean", or familiarity with a certain software that is used in foreign countries but not in the US. So no Americans apply, or those that do won't meet this "qualification" for the job because there's no way they can.

You can thank the government for not protecting American workers from this scam. I really don't understand why they let whole villages of foreigners into this country to work. Oh, and thank the immigration lawyers as well. After all, who do you think got paid a big fat consulting fee to show foreign companies how to do this?

Blogger James August 01, 2017 9:40 AM  

seeingsights wrote:Busineeses and Republican politicians are importing people which will lead to their demise.

I'm pretty sure its a "bipartisan" effort. The left's view that the Republican party is the party of the wealthy is a few decades out of date. You could try saying "the Republicrat party" or "the Demopublican party" instead.

Anonymous Who Rescued Whom? August 01, 2017 9:41 AM  

@42

They are incentivized to think short-term - same as CEOs. Short-term stock increases for the CEOs, short-term campaign financing for the politicians. Nobody is a long-term steward in this equation.

Blogger Troy Lee Messer August 01, 2017 9:49 AM  

This is why I learned to despise libertarians. Because these selfish @#$ks think they are entitled to cheap toasters and tomatoes.

Blogger Lucas August 01, 2017 9:54 AM  

LaRazian "Americans" can whine as much as they want but the truth is that America doesn't need them.

Blogger Stilicho August 01, 2017 9:54 AM  

It would interesting to try to quantify or otherwise account for the economic effects of social capital (i.e. the societal/cultural cohesion found in high trust societies that allows for a common societal purpose to take precedence over the needs of the individual "rational actor" and to mitigate some negative effects of bad economic policies). See, for example, continued Japanese support for Postal Bonds over the "lost decades" despite keynesian govt economic policies that only prolong the problems. In other words, the Japanese govt has been burning through social capital while (and as a result of) burning through monetary capital albeit at different rates.

Blogger Troy Lee Messer August 01, 2017 9:54 AM  

Bbbbbut Nick Gillespie might have to pay more for his blueberries. Makes me want to kick a libertarian in the throat.

Blogger Elizabeth August 01, 2017 9:56 AM  

Aeoli Pera wrote:The thing is, Mexicans don't necessarily work for less, they work for the privilege of being in a country with great welfare programs. American workers (mostly) prefer income over government handouts, and will take a "paycut" to get money from their employer rather than taxes. So the whole labor shortage thing is a charade, it's just that employers want taxpayers to pay for their labor costs because they're being squeezed, in turn, by over-regulation.

Profits are privatized, costs are socialized.

Around the corner from where I live is a paper store that sells snacks imported from Latin America and offers a Western Union service. Occasionally, I see Hispanic-looking individuals wiring money somewhere. A bunch of them live in the upstairs apartments.

Blogger Stilicho August 01, 2017 10:06 AM  

@49 Nick Gillespie can pick his own damned cotton/blueberries.

Blogger Aeoli Pera August 01, 2017 10:09 AM  

Elizabeth wrote:Profits are privatized, costs are socialized.

And the great lesson of history is: it's not worth it, just cut your own damn grass.

Anonymous basementhomebrewer August 01, 2017 10:11 AM  

Aeoli Pera wrote:Elizabeth wrote:Profits are privatized, costs are socialized.

And the great lesson of history is: it's not worth it, just cut your own damn grass.


Or at least hire the neighbor kid to do it rather than a "professional company" that will send you someone who doesn't speak English.

Blogger Elizabeth August 01, 2017 10:13 AM  

Maine is the whitest state in the Union - 95.2% in 2010, down from 98.4% in 1990. There is widespread white poverty east of Bar Harbor in the "Down East" section. Maine offers generous welfare payments, which attracted Somalis to Lewiston.

Here's are two articles about a new law mandating that individuals work for the food stamps they collect. Look at the photos of people standing in line for what I assume is assistance: Almost all of them are black. In 2010, only 1.2% were black in Maine. Sheesh.

http://usherald.com/maine-welfare-recipients-must-work-for-their-benefits/

http://toprightnews.com/maine-just-put-welfare-leeches-in-their-place-every-american-needs-to-see-what-happened-next/

Blogger Elizabeth August 01, 2017 10:15 AM  

basementhomebrewer wrote:Aeoli Pera wrote:Elizabeth wrote:Profits are privatized, costs are socialized.

And the great lesson of history is: it's not worth it, just cut your own damn grass.


Or at least hire the neighbor kid to do it rather than a "professional company" that will send you someone who doesn't speak English.


I'm a baby boomer and remember when dad, one of his sons or a neighborhood kid mowed the lawn, cleaned out the gutters, shoveled the snow, etc. Kids rode their bikes and delivered newspapers.

Blogger Elizabeth August 01, 2017 10:19 AM  

I remember back in the early 1990s, I heard a report on the radio that there was a labor shortage of fast food workers on Long Island. Wages were $10 an hour to start. I don't know if fast food workers make $10 a hour to start now.

In the late 1980s, a friend of mine in her late 20s returned to college and worked at a local Burger King during the summer. She was by far the oldest employee - the others were in their teens or early 20s. Now, in my area of northern NJ, middle-aged people work in fast food joints. Didn't see that 30 years ago.

Anonymous Pure AltRight August 01, 2017 10:21 AM  

(((Jerry Roth)))

Why are there so many Jews here? Mostly they spread disinformation or countersignal against expressions of globalist thought-crime. Jews should be banned from this forum, or at least aggressively (((called out))).

Anonymous two sentries August 01, 2017 10:25 AM  

"In other words, it is short-term societal arbitrage, which is the equivalent of strip-mining a society."

Strip-mining a society. Now THERE is a concise, the-truth-hurts, full on way of putting it, both accurate and memorable.

Vox, you've got your next book title right there. Now all you need is the book to go with it.

Blogger Lovekraft August 01, 2017 10:25 AM  

The subsidies to academia also must end. Equality of outcome is a disease.

Anonymous fop August 01, 2017 10:31 AM  

Wells Fargo:

Illegally signed up customers for auto insurance they didn't need.
Case pending.

Created millions of fraudulent accounts and nailed customers with fees. VP in charged walked away with $87M bonus.

Charged illegal fees on student loans. Fined $3.6M

Gave illegal kickbacks to Maryland Title company. Fined $16.2M.

Recklessly originated FHA loans. Fined $1.2B.

Illegal robocalls from collections dept.

Harassing delinquent customers with illegal home inspections and fees.

NY AG finds 210 flagrant violations of the terms of the $25B mortgage bailout.

Overcharged homeowners for force-placed insurance.

Gouged customers with phony overdraft fees. Fined $203M.

SEC fined Wells as trustees of fraudulent medical company. $105M.

It goes on and on and on. Many of these are repeat violations that just keep on happening. They get caught, pay the fine, and just continue the practice like nothing happened.

It is coming to light that Wells is at least partially a criminal enterprise. They are certainly not the only ones.

Now would be the time to get out of debt, and never get another credit card ever. Go full Dave Ramsey on these fuckers.


Anonymous Darth Veda August 01, 2017 10:34 AM  

"The thing is, Mexicans don't necessarily work for less, they work for the privilege of being in a country with great welfare programs."

Even that, though correct, doesn't get far enough down to the bottom of it. Mexicans, unlike blacks, at least are willing to work. They are willing to work for less because frankly, it sucks less to be poor in a country with a first-class infrastructure (at least compared to to Shit-hole del Sur).

The old joke in Mexico used to be that yes, the US stole half of Mexico, but mysteriously the US managed somehow to only steal the part that had all the good roads, hospitals, plumbing, electrical lines, schools and power plants.

Blogger Elizabeth August 01, 2017 10:36 AM  

Ransom Smith wrote:Removing women from the work force is the other one.

The idea behind a "Family Wage" is that a man can support his wife and kids in modest comfort on his salary alone. This would entail getting married women and children out of the workforce. At one time, it was legal to pay a head of household more than a single individual for the same job. The idea was that a married man with (a) dependent(s) needed more money than a single individual.

Blogger Ron Winkleheimer August 01, 2017 10:37 AM  

In other words, it is short-term societal arbitrage, which is the equivalent of strip-mining a society.

This sort of comment is why I read this blog. It is spot on. The people in power don't care about this country or its people. OK. Then why should I care about them? Their control of the mass media and the education system along with suppression or co-optation of anyone who could challenge them is all that has kept them in power. With the monopoly of communications broken and the rise of TGE things are getting interesting.

Anonymous fop August 01, 2017 10:39 AM  

@62

The old joke in California is "If Mexicans are so hard working, how do you explain Mexico?"

Anonymous Athor Pel August 01, 2017 10:39 AM  

"38. Blogger James Dixon August 01, 2017 9:14 AM
...
> Reduced corporate tax.

How is that fair? They persons under the law. Unless they're willing to give that up, they should be taxed as persons.
..."


Corporations are by definition greater than a person in that they allow the combination and control of capital greater than any single person would be able to accumulate. They are also exempt from many legal obligations real people have. Corporations are creatures of the government since they are created by government edict, meaning they will always do the government's bidding. To state it more plainly, corporations are agents of the state just as law enforcement and the military are.

There is no fairness involved. It isn't in the government's best interest to put too onerous a load upon corporations for the health of the corporation is the health of the government that created it.

Anonymous I'm Not a Fascist. But My Sons Are. August 01, 2017 10:39 AM  

Wells Fargo

Par for the course, Wells Fargo makes more money running their scams and paying the fines than they would not running their scams and not having to pay fines. When you factor in not always getting caught and 'grey area', it's a (((no brainer))).

Muh free market.

Blogger Azure Amaranthine August 01, 2017 10:41 AM  

@43. RJ, it's not even nearly that complicated (although I'm sure some of those things get used too, from time to time).

The reason they try to exclude Americans in the first place (and also the reason no Americans will apply for many of those jobs in the first place) is that they advertise those jobs at wages that you simply cannot live a decent life off of.

The mexicans (and others) have lower living standards though, so they'll work for those shit wages and live, as others have said, "20 to a house". They'll also raise crime and be on wellfare more in the areas they move into, in the case of mexicans, or feel super persecuted when looking at the white people in the case of pakis, and decide suicide bombing sounds like a good revenge tactic.

Then they explode in a place with tons of the people that aren't responsible for paying them wage-slave low wages.

Anonymous Barondallier August 01, 2017 10:42 AM  

Born and raised in Lewiston. Left when downtiwn became a sea of somalis.
Kids visiting Bar Harbor right now-today-not an immigrant can be seen.

Anonymous BBGKB August 01, 2017 10:43 AM  

Shimshom, they are jobs that the employers are too greedy to pay an American fairly to do.

Many inner city hospitals will pay more for 2 weekend shifts a week than for full time day shift.

The thing is, Mexicans don't necessarily work for less, they work for the privilege of being in a country with great welfare programs

I used to say when they fraudulently claim child tax credit they get more than I made a year back when I was an EMT, I turns out it's still more than the average EMT makes in a year. Also $20/hr under the table costs less than min wage legally.

This is why I learned to despise libertarians. Because

Its not that freedom is bad but only whites think its rad.

LaRazian "Americans" can whine as much as they want but the truth is that America doesn't need them

Did anyone see if the judge that ruled against Sheriff Joe was Jew or Wetback? I couldn't find the judges name.

Look at the photos of people standing in line for what I assume is assistance: Almost all of them are black. In 2010, only 1.2% were black in Maine

Refugee resettlement agencies have literally been shitting on Lewistown Maine. A male nurse got beheaded by a Somali moslem, while doctors without Borders fled Somalia

Blogger ZhukovG August 01, 2017 10:46 AM  

@Pure AltRight: Some of them are on our side. The rest are here out of an, altruistic no doubt, urge to instruct the benighted Goyim.

That they are teaching lessons they did not intend, probably does not enter into their thought processes.

Anonymous BBGKB August 01, 2017 10:47 AM  

The old joke in California is "If Mexicans are so hard working, how do you explain Mexico?"

I explain Mexico thus
http://www.thegatewaypundit.com/2016/06/wow-pulse-club-patron-admits-blocked-exit-club-condemning-gays-certain-death/

The guy told TV cameras because he thought he was helping. Work smarter not harder is not an option

Anonymous VFM #6306 August 01, 2017 10:54 AM  

Did anyone see if the judge that ruled against Sheriff Joe was Jew or wetback?

Clinton appointee Susan Ritchie Bolton.

Blogger ThirdMonkey August 01, 2017 10:55 AM  

In the small community I grew up in, we had three large feedlots. Instead of hiring local cowboys, one of the feedlots started bringing in Mexicans to ride the pens and work in the feedmill. All of the sudden, he couldn't find any corn or hay locally, and had to have it freighted in from out of state. He couldn't find anyone local to do electrical work, plumbing, welding, and the like, either, and had to go over 100 miles to find anyone to do simple work, which got real expensive real quick. Now there's only two feedlots. High-trust societies only work when the same societies have high standards for its people.

The bank is not your friend.
The government is not your friend.
Pick your own damn cotton.
#homeschoolordie

Don't wait on Trump or anyone else to do it.
#MAGA your own damn self.

Anonymous Shimshon August 01, 2017 10:59 AM  

My comment was a joke! Of course it's work Americans will do. Everyone knows the late, lamented Godfrey was trolling without an emoticon. Clearly I have my work cut out for me.

Blogger praetorian August 01, 2017 11:08 AM  

Now they are coming up with creative ways to attract local labor

Like paying a living wage?

And other companies have gone so far as to offer higher wages to entice locals.

My God... What if the locals... Can afford a... a... a... Family?!?

Blogger Azure Amaranthine August 01, 2017 11:10 AM  

"Or at least hire the neighbor kid to do it rather than a "professional company" that will send you someone who doesn't speak English."

Can confirm. Pay them a decent amount for the area you live in for the amount of time it takes to mow a lawn your size, and not only will there be adults willing to take the job (let alone the neighbor's kids, who will be all over it), but you'll actually be able to tell them if you have any issues with their work, or any preferences, etc. You can often even get them to do some minor landscaping.

"I remember back in the early 1990s, I heard a report on the radio that there was a labor shortage of fast food workers on Long Island. Wages were $10 an hour to start. I don't know if fast food workers make $10 a hour to start now."

And remember, this is Long Island. Housing costs are high as heck. I'd almost be willing to bet that a one-room apartment is not affordable for someone working for 10$ an hour, (and we know most of those people are probably commuting into the city) even for 50 hours a week.

lamented Godfrey was trolling without an emoticon. Clearly I have my work cut out for me.

Jewish-looking name + Poe's law + plenty of random folks passing through = ?

Anonymous Pure AltRight August 01, 2017 11:17 AM  

@Zhukov

Some of them are on our side.

"Trust me Goy!" I mean come on.

The rest are here out of an, altruistic no doubt, urge to instruct the benighted Goyim.

Why is it necessary, even on this AltRight forum, to conceal anti-Jewish sentiment in a cloak of irony? It's a tell for psychological submission. Can we not just say what we really mean?

Blogger Student in Blue August 01, 2017 11:21 AM  

@74. Shimshon
Everyone knows the late, lamented Godfrey was trolling without an emoticon.

Not everyone. You'd be surprised.

Anonymous johnc August 01, 2017 11:23 AM  

My God... What if the locals... Can afford a... a... a... Family?!?

oy vey, shut it down!!!

Anonymous c matt August 01, 2017 11:29 AM  

And other companies have gone so far as to offer higher wages to entice locals.

The horror.

Anonymous Marvin Boggs August 01, 2017 11:32 AM  

The other part of the equation is to require people to move to suitable jobs as part of the social safety net.

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.

Anonymous Gen. Kong August 01, 2017 11:32 AM  

What many here seem to miss is that Jerry the commie is at least 50% correct. He's forgetting that the odious taxes and regs wrt employees are one of the big reasons the Chamber of Commerce cucks are so very fond of their imported labor. The thing many here seem blind to is that very few of these Chamber of Commerce types are actually financially solvent (not in debt). The 1% connected to the (((fininacial industry))) controls all aspects of the money supply, including the issue of fake money from the FR cartel. The so-called "free-market" in the Fake Banana Empire is nothing of the sort - and the libertardian notion of free-markets are yet another utopian unicorn.

One of the few legitimate tasks of government is to minimize the rigging of markets. This has been flipped over in the Fake Banana Empire since 1913 (or even before) to ensure the market is totally rigged in favor of the Neo-Babelists who make up the 1% so they will never lose control. As one of VD's darkstreams from last month which made many heads explode noted, literal communism - bad as it was - was actuallt less poisonous of national identity where imposed than the rigged debt-racketeering scheme idiots like Limbaugh refer to as the "free-market", oblivious to the simple fact that there is nothing free about a rigged-market.

The Darkstream didn't go into why hard communism was less deadly, but given his example of Eastern Europe and Russia, it has something to do with the reasons documented in Solzhenitzyn's last book still shadow-banned in the west: 200 Years Together. As noted in a previous thread, Talmudism is merely a skin of Neo-Babelism (which has been termed Crystal Methodism elsewhere). Most of the (((tribe))) are no longer even very conversant with that particular Satanic screed, though most have readily adopted other skins of the underlying religion (SJW, feminism, neo-Marxism, anti-racism, etc.). Those among the elite who are not of the (((tribe))) - Gates, Corzine, the Squid-family Bush, the House of Saud to name a few - all don one or more of Neo-Babelism's numerous skins.

Blogger Ron Winkleheimer August 01, 2017 11:35 AM  

And other companies have gone so far as to offer higher wages to entice locals.

I love the phrasing, gone so far as if paying higher wages in a tight labor market is some sort of outre, gauche offense. Damn peasants, next thing you know they'll be wanting to dress above themselves. Best pass some sumptuary laws.

Blogger Josh (the gayest thing here) August 01, 2017 11:37 AM  

The other part of the equation is to require people to move to suitable jobs as part of the social safety net.

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.


Go back to NRO

Blogger Felix Bellator August 01, 2017 11:39 AM  

Investment income is not the same as labor income. Capital flight will be the reward for increasing taxes on investment income.

Anonymous A Deplorable Paradigm Is More Than Twenty Cents August 01, 2017 11:41 AM  

@81
The other part of the equation is to require people to move to suitable jobs as part of the social safety net.

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.


Kevin Williamson, is that you?
You have to go back to Lubbock.

Blogger Ron Winkleheimer August 01, 2017 11:44 AM  

What a lot of "conservatives" don't understand, possibly because they are too busy sniffing their own farts, is that the middle and working-class didn't not support communism in the 20th century because of their "principles." They supported capitalism because, for the most part, the system was working for them. They could make a good wage and start and support a family.

Anonymous Marvin Boggs August 01, 2017 11:46 AM  

@73: so, me being a bit slow and all...

Did the feedlot owner not understand the feedback he was receiving and subsequently change his ways? Or did he just not care?

Blogger Elizabeth August 01, 2017 11:47 AM  

Azure Amaranthine wrote:"Or at least hire the neighbor kid to do it rather than a "professional company" that will send you someone who doesn't speak English."

Can confirm. Pay them a decent amount for the area you live in for the amount of time it takes to mow a lawn your size, and not only will there be adults willing to take the job (let alone the neighbor's kids, who will be all over it), but you'll actually be able to tell them if you have any issues with their work, or any preferences, etc. You can often even get them to do some minor landscaping.

"I remember back in the early 1990s, I heard a report on the radio that there was a labor shortage of fast food workers on Long Island. Wages were $10 an hour to start. I don't know if fast food workers make $10 a hour to start now."

And remember, this is Long Island. Housing costs are high as heck. I'd almost be willing to bet that a one-room apartment is not affordable for someone working for 10$ an hour, (and we know most of those people are probably commuting into the city) even for 50 hours a week.

lamented Godfrey was trolling without an emoticon. Clearly I have my work cut out for me.

Jewish-looking name + Poe's law + plenty of random folks passing through = ?


Back then, the fast food workers were probably high school and college kids.

Blogger Mr. Excitement August 01, 2017 11:48 AM  

"Businesses in Bar Harbor, Maine are turning to locals to make up for a shortage of foreign guest workers"

"And other companies have gone so far as to offer higher wages to entice locals."


This article reads like The Onion or Duffleblog. It reads like satire.

That's how far we've sunk as a nation. When businesses are actually resorting to hiring native born Americans and pay higher wages it warrants a news story.

The impact of the breaking of the social contract between business and employee will be felt for decades.

Anonymous Gen. Kong August 01, 2017 11:48 AM  

@43. Yes, that's one of the stunts. Here's another commonly used by Disney and similar outfits in Orlando. They do put want ads for the cleaning/housekeeping jobs in the newspaper, and even advertise on TV. But it's not the Orlando newspaper or TV - it's those located in Denver or another city altogether. Of course no Americans apply - who would want to move hundreds of miles for a minimum-wage job? This has all been accomplished with the finest Congress that fake-money can buy.

Anonymous Marvin Boggs August 01, 2017 11:52 AM  

@85: for some reason, progressives never seem to learn that people can and will react to changes in tax rules to maximize their benefit (or minimize their damage). They always seem so surprised when raising taxes decreases tax income. While one might forgive them the first time it happened, not so much forgiveness on the Nth time round.

Blogger Cail Corishev August 01, 2017 11:56 AM  

Get off your backside and get a job.

After we get rid of the tens of millions of illegals and "guest workers," and put reasonable tariffs on goods shipped in from places that engage in corrupt trade practices and production methods that would be illegal here, then you can start looking for stationary backsides.

Blogger Elder Son August 01, 2017 11:59 AM  

And this was the entire point in creating the Federal Reserve Banks. Profit before people and borders.

.I am convinced that the agreement [Bretton Woods] will enthrone a world dictatorship of private finance more complete and terrible than and Hitlerite dream. It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance. It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done - pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace. World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degradation and financial destruction. Therefore, as freedom loving Australians we should reject this infamous proposal.

- Labor Minister of Australia, Eddie Ward, during the inception of the World Bank and Bretton Woods

Sound, and look familiar?

Blogger praetorian August 01, 2017 12:07 PM  

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.

Remember, goys, families exist to serve the economy. The economy does not exist to serve the family, immediate or extended.

Anonymous Clueless Cuckservative August 01, 2017 12:12 PM  

But...but...but...muh OPPORTUNITY society! Muh rising tide lifts all boats! Muh Emma Lazarus! Muh EMMA!

Blogger Cail Corishev August 01, 2017 12:14 PM  

Did the feedlot owner not understand the feedback he was receiving and subsequently change his ways?

Employers are just as irrational as everyone else, and people mostly believe what they're told over and over. The feedlot owner was told that he had to hire foreign labor, that that was the only way to stay afloat, Americans won't do the work, etc. Then he was surely told, and told himself, that he had to go out of town to get supplies and other services, because the same lazy Americans who didn't want to be cowboys didn't want to be plumbers or hay balers either. Once people start down that path, it's not hard to convince them that they have no choice but to get everything from afar. And so Amazon is now leaning on the few small retailers that survived Wal-Mart.

One issue with businessmen (including farmers) is that many of them have a desire to get bigger, so they find ways to justify it. It's not even really tied to profit, though they tell themselves it is. Many of them would gladly increase their income and expenses equally, leaving the net the same, even though they'll have more headaches in getting it. So paying more to get larger quantities of something from farther away, while (maybe) balancing that with an increased efficiency from the larger amounts shipped in, makes sense to them. It's an almost instinctive "Go big or go home" attitude that they get from somewhere, having to do with bragging rights or something. I worked for a business with five employees that was up to about $250K/year gross within the first few months. I thought that was pretty good, but the boss went around telling people we had 10 employees and were doing $1M/year.

The government and banks also encourage it as much as possible. The banks don't make as much money if businesses aren't borrowing to expand faster than they can fund from their own profits; and the government prefers fewer large, tied-in businesses over more small, independent ones.

Blogger Snidely Whiplash August 01, 2017 12:15 PM  

RJ wrote:And what's the standard of performance for that? An obscure "Help Wanted" sign tucked into the lower corner of a front window?
Another scam is to send out inquiries for obviously over-qualified people.
"Mr. Snidely, I hope you are well!
We see on your resume at popular job search site that you have 30 years of Unix administration experience. I have a requirement from our Direct Client for a desktop support jAdministrator on the other side of the country at $20/hr. Please remit with your resume, salary history, indicate your visa status (work permit/immigrant/green card/fraud)"

Blogger Snidely Whiplash August 01, 2017 12:17 PM  

Pure AltRight wrote:Why are there so many (((alt-Retard jewish dupes))) here? Mostly they spread disinformation or countersignal against expressions of globalist thought-crime. (((alt-Retard Jewish Dupes))) should be banned from this forum, or at least aggressively (((called out))).

Blogger Silly but True August 01, 2017 12:18 PM  

How broken is the system when employers consider it a novel out-of-box solution to lack of visa workers as having to go out and solicit resumes and interview local labor pool?

Blogger Gary Eden August 01, 2017 12:18 PM  

As Catherine Austin Fitts pointed out years ago, strip mining society was their exact plan.

Blogger Aeoli Pera August 01, 2017 12:19 PM  

basementhomebrewer wrote:Aeoli Pera wrote:Elizabeth wrote:Profits are privatized, costs are socialized.

And the great lesson of history is: it's not worth it, just cut your own damn grass.


Or at least hire the neighbor kid to do it rather than a "professional company" that will send you someone who doesn't speak English.


The assumption being, of course, that the neighborhood kid is part of your extended family.

Do you see what I did there.

Blogger Snidely Whiplash August 01, 2017 12:23 PM  

Cail Corishev wrote:After we get rid of the tens of millions of illegals and "guest workers," and put reasonable tariffs on goods shipped in from places that engage in corrupt trade practices and production methods that would be illegal here, then you can start looking for stationary backsides.
Stationary backsides are actually the goal and purpose of the system. If you want fewer, break the system.

Blogger DonReynolds August 01, 2017 12:37 PM  

With 94 MILLION Americans pushed out of the labor force in this country, there is NO Labor Shortage of any kind. Clearly, we desperately need to stop employers from hiring illegal aliens AND we need to stop employers from hiring foreign visa workers.

During the time of Julius Caesar, he demanded new legislation from the Roman Senate requiring that a third of all workers must be Free Men. Slaves were so abundant and cheap that Free Laborers could not obtain work.

For all of their complaints against slavery in America for generations, the modern Yankee has no problem with the modern version of slavery. So much for his arguments in favor of hiring Free Men, instead of slaves.

Anonymous BBGKB August 01, 2017 12:40 PM  

You know who likes to renegotiate deals made with high trust peoples

http://www.khq.com/story/35990871/idaho-power-seeks-changes-for-solar-customers

Blogger dc.sunsets August 01, 2017 12:40 PM  


RockleaAugust 01, 2017 8:12 AM
"Help fight Contra-Semitism."

Semitephilia


CH called it Ashkenapathy.

Anonymous paleopaleo August 01, 2017 12:48 PM  

Well the other thing that sucks is that our current generation of young workers are lazy, fat, tattooed, indignant space-cases.
We've been visiting Santa Cruz Beach Boardwalk for years and what's striking is the number of young Eastern Europeans working the park these days. They are strikingly discernible from the largely overweight, brown and prole clientele.
A young Macedonian gal sold us our tickets. Tall, beautiful posture, thin, eye-contact, smile, gracious, no tattoos I could see – genuine customer service.
There ain't a teen-ager in all of Santa Cruz that fits that bill.
20/30 years ago there used to be a lot of Santa Cruz girls that looked like that Macedonian – not any more though. Sad.

Blogger VD August 01, 2017 12:57 PM  

20/30 years ago there used to be a lot of Santa Cruz girls that looked like that Macedonian – not any more though. Sad.

They're Mexicans anyhow.

Blogger Student in Blue August 01, 2017 12:58 PM  

Well the other thing that sucks is that our current generation of young workers are lazy, fat, tattooed, indignant space-cases.

Working a janitorial job or two can help with the indignant part of it. And going hungry otherwise can help with the lazy and fat part too.

Blogger dc.sunsets August 01, 2017 12:58 PM  

Too. Much. Trust.

We seem to have two problems:
1. A society filled with envious people (instead of people who respect others & themselves), and
2. People looking "for the best of it," trusting the carpetbaggers & con artists who line up to give it to them.

Result?

Every part of government continuously up for sale to the highest bidder, rationalized 24 hrs a day by media owned by the same corporations, whose executives and board members all are incestuously cross-boarded in a nice little club And you're not in it.

The fuel for ALL this is trust, made real by belief in debt-as-money, bidding asset prices to orbit and literally bankrolling the murderous demons who administer every bloody lash-stroke that falls on Americans' backs, robbing our children of the birthright left by our ancestors, all for the promise of a make-work job or a cushy retirement.

It's strip mining the US economy of capital, akin to a SciFi movie where aliens are vacuuming up all the water from Earth's oceans.

Our politicians & intellectual elite are metaphorically burning down the US factory in order to cover up their pilfering of the change in the employee break room vending machines.

Anonymous BBGKB August 01, 2017 1:02 PM  

that our current generation of young workers are lazy, fat, tattooed, indignant space-cases.

Going to gym while white be racists

Cross The Line in the UK is a Twitter ad campaign to help people “spot the signs of right wing extremism”

Signs such as being young, doing political actions, and going to the GYM

https://www.crosstheline.co.uk/"

Anonymous Rather, Not August 01, 2017 1:02 PM  

Mow your own lawn. It is not worth it for me...I work too hard, make too much to consume my Saturdays that way. I am willing to pay, and pay a hefty premium to 'going rate' but I can't find someone.

Talked to 5 of the parents of the teen boys in the neighborhood, none wanted anything to do with it. They wanted Johnny working on extracurricular activities to buff college applications... and too 'risky' for high school boys to operate outdoor power equipment. I was even willing to provide the riding mower.

Interviewed 7 different landscaping companies. I was expressly asking for it to be non-immigrant labor. Several dropped immediately, several promised 'legal' only one said local labor. Showed up the first time with a team of Guatemalans and got fired. They were scheduled to mow during the work week...they weren't counting on me working from home to check on them. So I am still mowing my own lawn, but I really want to pay someone to deal with it. It shouldn't be this hard, but I am failing at it.

Blogger SomeAsshole August 01, 2017 1:04 PM  

" And as we've seen, even straight-up communism is better for a nation than this unconscientious corporatism."

Specifically finance corporatism?

Well we all know what that (((means))) if so... and (((if so))) we can call it what it is: communism of another name.

Blogger dc.sunsets August 01, 2017 1:05 PM  

A debt-based economy, characterized by putting everything on the credit card while promising massive future cash flows (to be funded by all those IOU'S) is certain to be actively burning up capital, the very seed corn on which fulfillment of those IOU's...

DEPENDS!

This isn't just Ponzi Finance. It's Ponzi Life! Every aspect of our society is now organized along Ponzi mathematics.

I keep saying that our cultural popularity of Zombie movies & TV is nothing but collective foreshadowing of the denouement of this folie a plusiers.

Blogger Charles Martel August 01, 2017 1:06 PM  

"Strip-mining a society"--nice metaphor; we'll leave that one in.

Question is: Who exactly is it that's running the strip-mining show?
Another question is: What exactly do we do to stop them from doing this to us? Forget about voting the scoundrels out of Congress. The System will ensure that those voted out will be replaced by another crop of scoundrels who will be blackmailed into compliance.
What, exactly, do we do to stop this?

Anonymous WinstonWebb August 01, 2017 1:15 PM  

The same thing you did to the Moors, Charles.

Anonymous Mr. Rational August 01, 2017 1:17 PM  

@17  You thought you'd get me when I'd just taken a mouthful of something and spew it all over my lap, keyboard and screen, didn't you?  Nice try.

As it happens, fruit actually does rot in the fields here.  It's overspill from the harvesters which doesn't make it into the collection bins.  Some enterprising person could follow up after the farmers have quit for the day and get enough for their whole extended family in maybe an hour of work.  Unfortunately for me, I've sworn off sugar.

Blogger bosscauser August 01, 2017 1:21 PM  

Karma is a bitch! Some religious guy once wrote about sowing and reaping, right?
🤗

Gab.ai/GaryCauser

Anonymous Brick Hardslab August 01, 2017 1:21 PM  

@112 Where the heck do you live? If I want a lawn mowed I can find a half dozen guys who haven't hocked their mowers for ramen. I have to pay for the gas but that and twenty bucks will get a 1/2 acre mowed and edged. 40 if I have to hire a professional. Both the ones in my area are white guys.

Blogger bosscauser August 01, 2017 1:24 PM  

Works for me! I have a little money at the end of the month now!

Gab.ai/GaryCauser

Blogger bosscauser August 01, 2017 1:27 PM  

It's still LEGAL. Thanks to tax rebates! Married with children, married with out children, head of household then single in descending order make more per equal pay!

Gab.ai/GaryCauser

Blogger bosscauser August 01, 2017 1:30 PM  

Wages Spike next year as economy roars into over drive! 2018 and 2020 a lock!

Gab.ai/GaryCauser

Blogger Stilicho August 01, 2017 1:30 PM  

@Gen. Kong the supposed free market is anything but. We rightly ridicule communists for their stupid price control schemes that were doomed to failure from the beginning, but we somehow miss the fact that a financialized economy plus fiat money creates the greatest price control scheme ever devised:

One Rate to rule them all,
One Rate to find them,
One Rate to bring them all
And in the debtness bind them!*

*rumour has it that hard money advocates heard these words from afar when they were first uttered on Jekyll Island and that these same words mystically tattooed on the skins of all Fed Chairmen (but you have to throw them into the fire to see them).

Blogger Elder Son August 01, 2017 1:33 PM  

What, exactly, do we do to stop this?

Just spit it out. Or are you afraid you'll sound like some wacko?

Every man knows in his heart what to do. Just try to get them all together to do it is an impossible task. Beside, there are no true believers.

Anonymous AB.Prosper August 01, 2017 1:36 PM  

In the long run, we are also going to have to deal with issues caused by automation, probably by adapting Distributism or the like and lowering the work week to around 30 or lower hours.

The easy analogy, Craigslist , created 35 top tier jobs , destroyed an entire industry in the process.

However we won't be able to do it before the banksters are gone either through complete economic collapse, civil war or preferably a replacement state

Blogger Elizabeth August 01, 2017 1:42 PM  

@102 - Aeoli Pera
I think that you meant by "extended family" a white kid who speaks English. Our own kind.

Blogger Thucydides August 01, 2017 1:46 PM  

Canada is another bad example of this. It is not uncommon for areas with high unemployment to have to import Ukrainians to work in fish canneries or Mexicans to pick fruit because the Canadians who are collection unemployment benefits won't apply for these jobs and the Government won't impose demands that they do.

Blogger praetorian August 01, 2017 1:55 PM  

@125 Sounds right.

If we started using some of this excess wealth to build things like cathedrals and central parks and mansonry again, that might not be the worst use of our time.

Blogger Elizabeth August 01, 2017 1:55 PM  

Thucydides wrote:Canada is another bad example of this. It is not uncommon for areas with high unemployment to have to import Ukrainians to work in fish canneries or Mexicans to pick fruit because the Canadians who are collection unemployment benefits won't apply for these jobs and the Government won't impose demands that they do.

Heck, I remember as a child in the 1970s reading about double-digit unemployment and guest workers in France. Didn't make sense to me at the time. Does now.

Blogger James Dixon August 01, 2017 2:01 PM  

> Investment income is not the same as labor income. Capital flight will be the reward for increasing taxes on investment income.

Capital flight to where, exactly?

> The System will ensure that those voted out will be replaced by another crop of scoundrels who will be blackmailed into compliance. ... What, exactly, do we do to stop this?

Historically? War, large numbers of dead people, and a completely new system. I hope you don't mind if we try all of the peaceful options first.

Blogger tz August 01, 2017 2:06 PM  

Even Mises U realizes it and the lefty libertarians are going to make them part of the alt-right (galt-right?). The Speech itself has this alt right tell
In closing, I’ll mention an email exchange I had recently with the blogger Bionic Mosquito. If you’re not reading Bionic Mosquito, you should be!

I asked him the same hypothetical question I have for you: what would you fight for? The answer to this question tells us a lot about what libertarians ought to care about.

By this I mean what would you physically fight for, where doing so could mean serious injury or death. Or arrest and imprisonment, or the loss of your home, your money, and your possessions.


I suppose woke is the antonym for converged, but apparently many at mises.org are becoming woke.

And it points to the Nations by Consent (pdf at link) by Rothbard where he trashes open borders, though in an ancap way.

Blogger Peter Jackson August 01, 2017 2:07 PM  

This comment has been removed by the author.

Blogger Cail Corishev August 01, 2017 2:23 PM  

Well the other thing that sucks is that our current generation of young workers are lazy, fat, tattooed, indignant space-cases.

Along with a moratorium on immigration, we could use a moratorium on bashing American workers. That's not to say there isn't truth in the notion that Americans have become fat and lazy and so on in many cases. But that isn't the problem, so it's not helpful. That's human beings responding to incentives and disincentives. The idea that employers hire foreigners over Americans because they're lazy or uneducated is a lie. They hire them because they're cheaper (or perceived to be cheaper). Period. In the IT business, I regularly run into people saying things like, "Hey, I found this place in the Phillipines that will make web sites for $1 per day!" That's always the first consideration; rationalizations about bad or unavailable Americans are tacked on later. "Lazy Americans" aren't driving mass immigration; it's the other way around.

We've let the elites get away with far too much class warfare on this. Farmers I know say, "Screw those computer programmers; let them be replaced with Indians if they won't work for $15/hour." The programmers say, "Screw those farm kids; let them be replaced with Mexicans if they won't work for $3/hour." Enough of that crap. There are plenty of non-fat, non-lazy, non-tattooed who are unemployed or scraping by on stagnant wages, because of immigration (and feminism pushing women into the workforce). We ought to all be able to focus on that, and not let the elites and the open borders sperges get us bashing each other.

Like I said before: when we get rid of the tens of millions of immigrants and wages are climbing up to where they belong, so the only people still not working are clearly lazy or unable, then it'll be a lot easier to get normal Americans to agree with drastic cuts in welfare. The best way to fix laziness is to put the person to work, which means you need jobs and wages worth working for. Horse, then cart.

Blogger Nakota Publishing August 01, 2017 2:40 PM  

They said the same thing about farm work. "Americans won't do it." Until they were forced to pay a living wage and surprise, surprise, Americans took those jobs.

Blogger Shimshon August 01, 2017 2:49 PM  

I don't know the current status, but I know that in Israel they have, and probably do, hire Asians (like Thai and Filipinos) to do the work "Jews won't do". I don't believe it's in large numbers compared to Arab labor.

I know contractors who provide and customers who demand Jewish-only labor. The cost is obviously higher. But they do better work and (in the case of the Arabs) there is no concern for sabotage (or murder, for that matter).

The market chain Rami Levi is known in particular for hiring lots of Arabs, even though the work they do could easily be done Jews, as there are plenty of people locally who would take the same minimum wage (these are all legal workers). In his case, it seems to be more a political (look at me!) statement than economics. Multiple people have commented to me about unpleasant experiences with the workers. There are no real alternatives in this city of nearly 60K. It's even a draw for other towns in the region.

There was even talk of importing tech workers due to the same shortage hype tech execs are screaming here. I don't know what happened to that.

Anonymous Ominous Cowherd August 01, 2017 2:53 PM  

TS wrote:The ironic thing is leftardism helps that .01% get richer.

Why do you think the 0.01%ers like Soros and Buffet and Gates subsidize leftards?

Anonymous Ominous Cowherd August 01, 2017 3:06 PM  

Rather, Not wrote:Talked to 5 of the parents of the teen boys in the neighborhood, none wanted anything to do with it. ... and too 'risky' for high school boys to operate outdoor power equipment.

In what state do these loser fools live?

Blogger Snidely Whiplash August 01, 2017 3:10 PM  

Thucydides wrote:It is not uncommon for areas with high unemployment to have to import Ukrainians to work in fish canneries or Mexicans to pick fruit because the Canadians who are collection unemployment benefits won't apply for these jobs and the Government won't impose demands that they do.
No, the canneries and orchards are unwilling to compete with subsidized unemployment because they can get subsidized slave labor from abroad.
Get the wages up to where people can actually live on them, and most Whites will actually take a pay cut to get back to work.

Anonymous Grayman August 01, 2017 3:11 PM  

@112 Rather,

In my town there are 2 landscaping businesses that have popped up that make sure there is a prominent picture of the brothers on the add... lets just say they arent Mexicans. Last I heard they had a waiting list due to demand.

@115 Martel

LOL you know the answer!

Every normal man must be tempted, at times, to spit upon his hands, hoist the black flag, and begin slitting throat

Blogger Chiva August 01, 2017 3:13 PM  

If the government instituted E-Verify hundreds of thousands of jobs would open up.
Case in point:
A manufacturer in Hollister, CA was told the Feds were thinking of raiding the company due to the large number of employees who had social security numbers that were duplicates. That manufacturer very quickly let go many of the employees who could not verify their SSN. The manufacturer then filled those vacant positions with locals. It turned out to help the city overall since the money earned by the new employees stayed local (and not sent to South America).

Blogger CM August 01, 2017 3:20 PM  

HB visas are government welfare programs for businesses who can't compete.

HB visas are slavery for con artists.

I would think that if there are too many jobs claiming they can't find workers is to start withdrawing welfare until you achieve the 2-5% unemployment rate. Isn't that the ideal unemployment rate to maintain a healthy economy?

Anonymous Grayman August 01, 2017 3:25 PM  

I see some other effects that are less obvious as well.

I work with mid-level to senior people in a technical field that has been highly cannibalized by various ethnicities. Over the years the level of professionalism has seriously dropped off. People who have impressive resumes and 30 years in the field and they start acting like a 25 yr old, vulgar language in front of a CEO, offering problems not solutions, etc. Its almost like the mental rot is contagious and has infected people that HAD been top notch previously.

Blogger Duke Norfolk August 01, 2017 3:42 PM  

"In other words, it is short-term societal arbitrage, which is the equivalent of strip-mining a society."

Indeed. This is exactly what the rest of the world has been doing to the US for the last 50 years (at least). Fake Americans who come here to exploit the wealth of this nation (the people) and our land. At one point they just did it and returned home. Then they found out that they didn't have to go home as the naive' Americans would give our home away.

And then there's the primary (((facilitators))).

Anonymous Killua August 01, 2017 3:43 PM  

"The program allows non-agricultural companies to bring in foreign labor if they are unable to find suitable employees domestically."

Does anybody know why are agricultural companies excempt from this?

Anonymous Jerry Roth August 01, 2017 3:47 PM  

Tamping down all forms of immigration raises wages and preces. Who cares. A little inflation won't hurt.

Next, raise interest rates. Retirees who saved get screws and bald make out like badits.

Higher taxes on the Uber wealthy. Get it up over 40%, tax investment income no lower than earned income.

This is simple stuff.

Blogger CM August 01, 2017 3:48 PM  

--Does anybody know why are agricultural companies excempt from this?--

I think agri business have a different visa to use. But yeah - different rules.

Blogger Sheila4g August 01, 2017 3:51 PM  

@112 Same situation here in North Dallas suburbs. When local teens are driving vanity-plated new cars worth high 6 figures, and are regularly given hundreds of dollars a week in walking around money, how is one supposed to hire local? I truly don't remember the last White teen worker I saw - all the fast food people are Mestizos or Negroes, all the cashiers are foreign-born or Mestizos or Negroes, etc. Even those few local teens who want to work have trouble finding it because all the entry-level jobs are taken by immigrants who hire only other immigrants, or older Whites. All the sales jobs at local big-box sports/gun stores, particularly Cabelas, are older guys who do not need the $ but say they were bored sitting at home. Our older son went out and got a job at 16 precisely because he did not get a brand new car or lots of cash for nothing. We didn't have it to spare, and if we had, we still wouldn't have raised him that way. Fast food jobs were never intended to be a family-supporting wage; those were introductory jobs and the sort of work all my friends did in high school in the '70s.

Anyhow, I'd love to find a local teen to cut the grass (we did it ourselves for years, but as we got older the heat just got too much for us and it seemed silly economically to spend the time rather than pay someone $25 every other week). The company we use is at least owned and run by a local White guy, and he even has some White workers, and won't employ Negroes (told me his customers wouldn't stand for it). Still mostly Mexicans, and probably many illegal, but I am not aware of a single White person running a lawn service using nothing but White labor. Actually, what I'd prefer is not having lawns here where the climate does not support them - Texas is hardly equivalent to the English climate. I'd prefer some local xeriscape or ground cover, at least in the front, but typically enough that would cost me more to have the damned sod pulled up and new stuff put in, and there'd probably be someone complaining to the city about how it didn't look nice and neat or fit in with the neighbors. I know, I know, the solution is leave the suburbs. We want to desperately, but can't afford to.

Anonymous CarpeOro August 01, 2017 4:02 PM  

Azure Amaranthine wrote:@3. Shimshom, they are jobs that the employers are too greedy to pay an American fairly to do. So, they import second and third worlders that they can cheat.

That goes right on up the list to specialized IT jobs. I was working at the American branch of a Swiss based international finance company doing application support. I was brought in contract to hire along with two other guys to help rebuild the mess that one of the sites had become from the company's rapid expansion in the USA. We basically got the mess at least functional and built a new system from the ground up. I was actually managing a bit past the theoretical number of systems that one admin should handle (it was that well tuned - the tiniest squeak was addressed immediately and we were around three nines). To get the rest of the American operations cleaned up and continue to support an ever expanding number of projects we asked for another person on the US team. They hemmed and hawed for months saying they couldn't find anyone (we used contacts and had someone lined up for it - an American). I hired in at this point and a couple months later we are told we were the test case for outsourcing all of IT to an Indian company. Two months as an employee meant I'd get less than bug squat as severance. I got a new contract position in under a month. They got six Indians who had never heard of the application before. They also ended up contracting me twice after that to help on projects they couldn't trust the Indians to do. I was later told that in order to maintain SLA target numbers the outsource company would remove problem clients from our application (it was an infrastructure type application - think backup or anti-virus).

Anonymous Mr. Rational August 01, 2017 4:05 PM  

Marvin Boggs wrote:The other part of the equation is to require people to move to suitable jobs as part of the social safety net.
Who's going to pay the cost of moving?

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.
Even if you're caring for family members, or upside-down on your mortgage, or housing you can get at the other end costs more than you'll make.  Yeah, right.

Get a brain.

@105 No, that's legit.  Putting solar on your roof and expecting to be paid for the part of the bill that covers maintenance on the grid, balancing out the variations you create in load, reactive power and all the rest is unfair.  If it's unaffordable for you to buy a bunch of batteries and just go off the grid entirely, it's not affordable for everyone else to pay YOU to be your "virtual battery".

Anonymous AB.Prosper August 01, 2017 4:18 PM  

Thucydides wrote:Canada is another bad example of this. It is not uncommon for areas with high unemployment to have to import Ukrainians to work in fish canneries or Mexicans to pick fruit because the Canadians who are collection unemployment benefits won't apply for these jobs and the Government won't impose demands that they do.

Its a two way street, working class people don't want to be poor to sustain someone else's cheap labor driven business model and the poor are unfit labor in the 20th century

Its costs X dollars to live at working and Y at middle, people typically want to receive X or Y +20% to be comfortable. Employers want to pay say Z dollars which is typically half X or less . If people have the option, they won't take Z wages

Also if they have to take low wages they are operating in their own interest if they either vote in a welfare system to reduce the amount of work they have to do or baring that take the easiest, lowest stress job they can.

This in theory should be encouraged since its the essence of capitalism and democracy both adopted by all classes of people. Its exactly what all the free market types claimed to want


Problem with those free market types is they think they are entitled to cheap labor and a strong work ethic. This is not true. They must be paid for in a capitalist system.

And so they bring in cheap labor which promptly undercuts social capital . Solves the wage problem but destroys the society and impoverishes it in the longer term.



Anonymous AB.Prosper August 01, 2017 4:30 PM  

Jerry Roth wrote:Tamping down all forms of immigration raises wages and preces. Who cares. A little inflation won't hurt.

Next, raise interest rates. Retirees who saved get screws and bald make out like badits.

Higher taxes on the Uber wealthy. Get it up over 40%, tax investment income no lower than earned income.

This is simple stuff.


Inflation is devastating and I know of know of no time in which wages grew faster than price inflation in my lifetimes. Inflation impoverishes

Also its only a short term solution, there are many jobs that can be automated further and if wages go up a lot, will be. You'll get stagflation on a massive scale

Increasing interest rates would render every debt holder including the state insolvent and even the ones that weren't, a lot of resources would flow to debt reduction which would cripple spending


As for the latter, its a good plan. An outright wealth cap is not a terrible idea, 99% tax no deductions on anything over twenty million with limits on foreign ownership and a stiff wealth tax

Problem here is that this just shifts the wealth to corporations who already have too much wealth. Economies of scale and a global corporations are a lethal combination.

Baring some American Juche program or autrarchy.

If it were up to me,we need to delverage on a society wide scale first, nuke debt and borrowing. Have a jubilee if needed and after move to Distibutism to shift the incentives to working and middle wages . Flip the script to a steady state, less efficient working/middle based economy with much smaller economies of scale and string import controls

You need hundred of small regional employers with an incentive to hire and fewer large corporations

That said short of a revolution, its politically impossible. Its not acceptable to th politically active and the US is utterly corrupt, maybe more so than most 3rd world countries and growing increasingly unstable

The Russian expression, not agreement capable is a good descriptor and we are a few decades out from hollow state if not outright civil war or collapse

Anonymous AB.Prosper August 01, 2017 4:33 PM  

Marvin Boggs wrote:The other part of the equation is to require people to move to suitable jobs as part of the social safety net.

If suitable work exists elsewhere (at least in your state), you shouldn't ought to be collecting wellfare benefits. Get off your backside and get a job.


So people and families and heritage don't count ? That attitude, chasing the almighty dollar over any stable healthy intact society is the problem

Fuck that. I'd rather go full Commie than that and you never go full Commie

Blogger Cail Corishev August 01, 2017 4:34 PM  

Does anybody know why are agricultural companies excempt from this?

Two main reasons. The first is cultural, in that farmers were always exempt from a lot of the rules city people passed for themselves. I was driving a tractor down the road pulling a wagon loaded with three tons of hay by the time I was 14 years old, no license on me, no license plates on the equipment, all legal. Different child labor laws for your own kids, different rules for livestock treatment compared to other animals, etc. Farms were historically understood to be different and have their own ways of doing things. Unfortunately, "agricultural companies" can take advantage of this cultural exemption.

Second, and probably more important to this question: ever since Ag Secretary Earl Butz in the 1980s, US farm policy (which the feds oversee as aggressively as any Soviet commissar, just with different methods) has been to produce as much as possible as cheaply as possible to gain global market share and push everyone else out of the market so we could keep producing lots cheaply. The Wal-Mart strategy, basically. See, Mr. Butz grew up on a small dairy farm and hated every minute of it, so his goal was to see everyone get big and corporate so no young lad would have to milk cows at 4am again.

But you can't compete globally if crop prices are high, so you have to get those prices down. The farmer can't even begin make a living at global prices, so you have to make up the difference somewhere. They do that partially with a whole range of subsidies, but another way is to do whatever they can to keep labor costs low. Hence: cheap migrant labor, and lots of it.

Blogger Snidely Whiplash August 01, 2017 4:37 PM  

Killua wrote:Does anybody know why are agricultural companies excempt from this?
They have their own program, without the annoying "demonstrate a real labor shortage" and "treat the braceros like humans" provisions.

Blogger Elizabeth August 01, 2017 4:53 PM  

CarpeOro wrote:Azure Amaranthine wrote:@3. Shimshom, they are jobs that the employers are too greedy to pay an American fairly to do. So, they import second and third worlders that they can cheat.

That goes right on up the list to specialized IT jobs. I was working at the American branch of a Swiss based international finance company doing application support. I was brought in contract to hire along with two other guys to help rebuild the mess that one of the sites had become from the company's rapid expansion in the USA. We basically got the mess at least functional and built a new system from the ground up. I was actually managing a bit past the theoretical number of systems that one admin should handle (it was that well tuned - the tiniest squeak was addressed immediately and we were around three nines). To get the rest of the American operations cleaned up and continue to support an ever expanding number of projects we asked for another person on the US team. They hemmed and hawed for months saying they couldn't find anyone (we used contacts and had someone lined up for it - an American). I hired in at this point and a couple months later we are told we were the test case for outsourcing all of IT to an Indian company. Two months as an employee meant I'd get less than bug squat as severance. I got a new contract position in under a month. They got six Indians who had never heard of the application before. They also ended up contracting me twice after that to help on projects they couldn't trust the Indians to do. I was later told that in order to maintain SLA target numbers the outsource company would remove problem clients from our application (it was an infrastructure type application - think backup or anti-virus).


Those dummies could have avoided all of the aggravation if they stuck with you and your American crew.

There's an old saying: you get what you pay for. Buy cheap, get cheap. Sheesh.

Anonymous Rather, Not August 01, 2017 5:59 PM  

@139 Oh, make no mistake, the owners are mostly America 3.0 Italian and Irish here in the east coast megalopolis…but the crews, not so much. There seems to be only one person who speaks native English…the owner of the business drumming up customers.
@147 Talking to the parents, I told them I would give their sons $100/mow or $25/hour their choice, I provide the mower and gas. No takers…and no counter. I’d have gone up if it would have gotten it done. They didn’t want their sons to take their eye off of college.
So I am still mowing my own damn lawn. But not happy about it.

Blogger Snidely Whiplash August 01, 2017 6:08 PM  

Instead of talking to your upper-class neighbors, put a sign up at the grocery store in a working Class White neighborhood.

Anonymous AB.Prosper August 01, 2017 6:22 PM  

Rather,Not

Getting the kids to stay in the class they are in and not slide is time consuming in this hypercompetitive day and age. Its natural the parents don't want the kids earning pocket money since they don't need it, it doesn't signal fitness for the upper class and takes away time they need to achieve

This sucks but its not the work ethic but the class at fault.

Blogger Snidely Whiplash August 01, 2017 6:26 PM  

Hell, go check the bulletin board at you local grocery. There will almost certainly be what you're looking for.

Anonymous Dirk Gently August 01, 2017 6:48 PM  

"Bar Harbor has for many years depended on the H-2B visas for temporary workers. The program allows non-agricultural companies to bring in foreign labor if they are unable to find suitable employees domestically."


The fact that they HAVE been able to find suitable employees as soon as their H-2B visa requests were denied should be grounds for charges of visa fraud for prior years' visas .... i.e. they weren't even (sincerely) trying to find American workers.

Charge all of the personnel managers and the hotel managers themselves, as well as the heads of housekeeping, the in-hotel restaurants, etc.

This abuse of H-1B and H-2B visa programs MUST STOP NOW!

Blogger John rockwell August 01, 2017 7:11 PM  

There is also a 2nd way to raise wages.That is encouraging women with incentives to leave the workforce ASAP.

Since they make up half the population approx. It will substantially boost wages.

Blogger Aeoli Pera August 01, 2017 9:33 PM  

Elizabeth wrote:@102 - Aeoli Pera

I think that you meant by "extended family" a white kid who speaks English. Our own kind.


Yes. I also meant that by "you", because you are more than an individual, you're also your tribe.

Blogger Buybuydandavis August 02, 2017 8:39 AM  

VD The only way to raise wages
Is to reduce the supply of labor.

But one should not equivocate on the meaning of "labor supply". It is not same as the total labor capacity of the people in a region, but the capacity of that total that they workers will make available at different price points for that labor. It's a supply *curve*, not a supply *amount*.

The curve can be changed not just by adding and removing people, but by altering the context in which those people seek labor, and thereby their willingness to supply labor.

Change wages by changing the demand curve for wages.

Look at a budget. The actual *consumption* most people engage in is minimal. Or can be. Food, clothing, power, gas, medicine, shelter are not that expensive in terms of production and capital costs.

They get expensive when government enabled rent seeking gets through with them.

You are not free to hunt, fish, farm, or build a shelter for yourself. The government has granted monopoly power to natural resources to itself foremost, and it's vested interests secondarily, allowing it to limit supply and it's vested interests to extract economic rent.

But the economic rent extraction hardly ends at natural resources. Intellectual property laws, licensing laws, and regulation enable more rent extraction.

Consider medicine. We are not free to treat ourselves, charge for advice from anyone willing to pay, pay for advice from anyone willing to give, and we are not free to purchase medicine from whom we choose.

You could be taking the same meds for decades. But you have to pay a doctor for an appointment to get your permission slip to buy them, and you can only buy from suppliers licensed to operate in your country, and then only at the differential price points through supplier contracts. Simply for the pills, the price differential between the uninsured buying from US pharmacy and purchasing internationally online can be easily be 10 to 1.

Finally, there are taxes. And not just what you pay to the IRs, but sales tax. The taxes your suppliers are paying that are passed on to you. The taxes of his suppliers.

Not to deny that immigration depresses wages, but government taxes and government enabled rent seeking hit the purchasing power of the peasants much harder. Immigration is just one of many ways the ruling reptiles immiserate the peasants.














Blogger Buybuydandavis August 02, 2017 8:54 AM  

Jerry Roth wrote:

It's a good start. Now...let's equal out the tax code. ...

YOu've got a tax structure that is aimed at helping bankers and screwing the middle class.



Tax property, not just wages and capital gains.

Someone talked about Swiss tax structure, and it sounded pretty good. Huge deductible. Flat tax on income. Flat tax on property.

The Ruling Reptiles have quite a racket going because they have people arguing solely about *income* tax rates, wholly ignoring the *property* tax option, which would much more effectively hit them.

Blogger Buybuydandavis August 02, 2017 9:16 AM  

Aeoli Pera wrote:The thing is, Mexicans don't necessarily work for less, they work for the privilege of being in a country...

Doubly true for the H1B workers.

H1B is a corporate subsidy allowing US corps to exchange the right to live and work in the US, and potentially become a US citizen, as part of a compensation package exchanged for indentured servitude.

"Free Market"

Blogger TM Lutas August 03, 2017 9:25 AM  

Increasing the number of things we do, increasing the number of new entrants into a market, reducing the zombie corporate protections that keep senescent (and thus not hiring) companies on life support, these are also things that would raise wages.

Labor demand is a thing. It's a variable, not a constant. Pretending it is a constant does not impress.

Anonymous Anonymous August 03, 2017 8:21 PM  

To increase the return of labor, need to have more land and capital competing for the same labor. Every factor of production wants to be the scarcest, to get the better deal.

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