Dan, Interesting article, thanks for the link.
I am reminded of this, which came out in April, a preview of the EPI's "State of Working America: 12th Edition" — http://www.epi.org/publication/ib330-productivity-vs-compensation/ Until the early 1970s, hourly compensation rose with worker productivity. Since then, hourly compensation has been pretty much flat, while productivity has continued to rise. This is largely the result of a shift to capital gains income, rather than productivity-based income among the top few percent, who have gobbled up the growing gap between productivity and income. Dave On Nov 19, 2012, at 6:46 AM, Dan Minette wrote: > > > -----Original Message----- > From: brin-l-boun...@mccmedia.com [mailto:brin-l-boun...@mccmedia.com] On > Behalf Of Jon Louis Mann > Sent: Sunday, November 18, 2012 4:34 PM > To: Jonathan Louis Mann > Subject: Where to now? > >> Now that the election is past and Obama doesn't have to worry about his > re-election, will he finally >> stand up to Wall Street, put the brakes on corrupt, corporate capitalism, > and stick to his guns on >> taxing the rich? > > If that were the problem, we'd be lucky. There is a natual self regulating > mechanism in capitalism, which Clay Christensen has found, that has not > worked in the last 20 years or so. The problem is that we've played out the > last big innovation, and are have Apple winning market share on style > instead of companies providing innovation that turns the world upside down > (e.g. electricity, radio, automobiles and tractors, computers). > > He has a nice article on this at: > > http://techcrunch.com/2012/10/09/clayton-christensen-disruptive-innovations- > create-jobs-efficiency-innovations-destroy-them/ > > I've been, responsible for a few efficiency creating innovations that saved > hundreds of millions of dollars in costs, but destroyed jobs. Friends of > mine have been responsible for over a trillion in wealth creation, and the > destruction of thousands if not tens of thousands of jobs. Another bad > by-product is that Wall Street and overpaid CEOs of companies that win by > playing the game better, instead of providing jobs and services win in this > enviornment. > > We need a black swan. > > Dan M. > > > _______________________________________________ > http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com > _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
