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Thread: The Real Causes of Income Inequality

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by 9aces View Post
    Indeed not.



    Very true. If however you are not doing something useful, if you are simply a vulture picking over carrion as many who are quite profitable are doing, how long can that go on?

    Production is the key. Are you producing something, or providing a valuable service to those who do produce?
    Glad you added the second part. Some people would argue that recreational services are not useful.
    My guns wont be illegal, they will only be undocumented.
    I am male, white, straight, Christian, Conservative how else can I offend you today.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by michael h View Post
    I submit the facts suggest this is not what is negotiated in a free country, a country which is not a free market by our constitution, where property rights and Americans matter that allow the owner to be so motivated as to be an owner and all Americans to be prosperous.
    You did not present facts but opinions. All Americans being prosperous is not part of the Constitution.
    "No free government, or the blessings of liberty, can be preserved to any people but by a firm adherence to justice, moderation, temperance, frugality, and virtue; and by a frequent recurrence to fundamental principles."
    -- Patrick Henry

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by michael h View Post
    Will anyone on the left or right explain to me the importance of marginal utility? I see it as unimportant in the discussion of economic debate ... my opinion ... why is it important? Am I somehow naive in my belief?
    You're right. It is unimportant to the discussion on econimics. Goober Appealed to Diversion and supposed marginal utility theory WAS the economic discussion.

    Marginal utility is a great idea for individuals in choosing how to spend their money but does absolutely nothing to explain income inequality.
    "No free government, or the blessings of liberty, can be preserved to any people but by a firm adherence to justice, moderation, temperance, frugality, and virtue; and by a frequent recurrence to fundamental principles."
    -- Patrick Henry

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by JohnLocke View Post
    You did not present facts but opinions. All Americans being prosperous is not part of the Constitution.
    Pretty sure that said free markets.
    “If we open up our borders … we could suppress wages of middle class jobs” – Alan Greenspan
    We need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by JohnLocke View Post
    You're right. It is unimportant to the discussion on econimics. Goober Appealed to Diversion and supposed marginal utility theory WAS the economic discussion.

    Marginal utility is a great idea for individuals in choosing how to spend their money but does absolutely nothing to explain income inequality.
    Actually Goober entered that debate after both you and Mahasattva egged him on ... at Post#63, unless I missed something ... but I'll agree with the second part.
    “If we open up our borders … we could suppress wages of middle class jobs” – Alan Greenspan
    We need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by michael h View Post
    Pretty sure that said free markets.
    "There is no freedom unless there is the freedom to fail." Eric Hoffer All Americans being prosperous is not part of the Constitution.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by JohnLocke View Post
    "There is no freedom unless there is the freedom to fail." Eric Hoffer All Americans being prosperous is not part of the Constitution.
    John ... that said free markets are not in the constitution ... you are debating something that wasn't posted.

    here is my quote by the way:

    Commies and commie collaborators have taken what has been earned by generations of Americans and shipped it off to China. I submit the facts suggest this is not what is negotiated in a free country, a country which is not a free market by our constitution, where property rights and Americans matter that allow the owner to be so motivated as to be an owner and all Americans to be prosperous.
    Last edited by michael h; 04-18-2012 at 05:48 PM.
    “If we open up our borders … we could suppress wages of middle class jobs” – Alan Greenspan
    We need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by tsquare View Post
    And I would remind you that COBALT is no longer considered "information-technology skills"
    COBOL; Fidelity hired many of the COBOL programmers laid off by IBM in NYC.
    COBALT is the bomb that destroys the world at the end of Beneath The Planet Of The Apes.

    COBOL runs the world; all MNC background processing runs on COBOL with a DB2 database.
    Oracle runs a very far second and SQL Server is a joke.

    But then again, you're the expert who knows all the managers that actually hire the actual teams that write the code.
    michael h likes this.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by tsquare View Post
    If you are still trying to sell that 'no white person can get a job shit... maybe they should all move to where the jobs are... you know... like Philadelphia:



    Or are you going to try and convince us that this article is all made up?

    And I would remind you that COBALT is no longer considered "information-technology skills"




    Engineering (most any 'flavor') = job... well paying job.

    Social Work = job... shitty paying job.

    Gender studies, or Comparative Literature, or General Studies = no job. Or a job delivering pizza, pumping coffee and stocking up supermarket shelves.


    Not All Jobs Are Created Equal - WSJ.com
    Wow. An article.
    No reference to Dan Rather, 60 Minutes, 20/20 reports.
    Of course software "engineering" is hot.
    Why the hell do you think we bring at least 80K H1-Bs here every year and there are at least 3 million H1-B coders in the US?

    On a slow day, go down to your local Department of Labor and ask about IT as a career.
    They need a good laugh.

    BTW, you're an architect so you must meet HUNDREDS of people every year.
    You probably don't even need a link to make your point.
    You probably know DOZENS of highly successful European male software developers.

    Name 10.
    Tonight.
    First name will do.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    Wow. An article.
    No reference to Dan Rather, 60 Minutes, 20/20 reports.
    Of course software "engineering" is hot.
    Why the hell do you think we bring at least 80K H1-Bs here every year and there are at least 3 million H1-B coders in the US?

    On a slow day, go down to your local Department of Labor and ask about IT as a career.
    They need a good laugh.

    BTW, you're an architect so you must meet HUNDREDS of people every year.
    You probably don't even need a link to make your point.
    You probably know DOZENS of highly successful software developers of European male descent.

    Name 10.
    Tonight.
    First name will do.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by michael h View Post
    John ... that said free markets are not in the constitution ... you are debating something that wasn't posted.

    here is my quote by the way:

    Commies and commie collaborators have taken what has been earned by generations of Americans and shipped it off to China. I submit the facts suggest this is not what is negotiated in a free country, a country which is not a free market by our constitution, where property rights and Americans matter that allow the owner to be so motivated as to be an owner and all Americans to be prosperous.
    Oh, I misunderstood whose post was "that" post. I disagree with the premise that America is not a free market per the Constitution. It is only an abuse of the regulate commerce clause that could possibly rationalize the post.
    "No free government, or the blessings of liberty, can be preserved to any people but by a firm adherence to justice, moderation, temperance, frugality, and virtue; and by a frequent recurrence to fundamental principles."
    -- Patrick Henry

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by JohnLocke View Post
    Oh, I misunderstood whose post was "that" post. I disagree with the premise that America is not a free market per the Constitution. It is only an abuse of the regulate commerce clause that could possibly rationalize the post.
    The founding fathers did everything they could to help our country prosper. This included paying for government with tariffs which was 95% in 1792. Regulation of trade in no way constitutes a free market where prices are determined by supply and demand.

    The Tariff Act of 1789 imposed the first national source of revenue for the newly formed United States. The new U.S. Constitution ratified in 1789, allowed only the federal government to levy uniform tariffs. Only the federal government could set tariff rates (customs), so the old system of separate state rates disappeared. The new law taxed all imports at rates from 5 to 15 percent. These rates were primarily designed to generate revenue to pay the annual expenses of the federal government and the national debt and the debts of the states had accumulated during the American War of Independence
    Tariffs in United States history - Wikipedia, the free encyclopedia

    tariffs.jpg
    “If we open up our borders … we could suppress wages of middle class jobs” – Alan Greenspan
    We need to suppress the wage levels of the skilled. We need to suppress wages in comparison to the “lesser skilled ” - Alan Greenspan

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    You probably know DOZENS of highly successful European male software developers.

    Name 10.
    Tonight.
    First name will do.
    Hmmm...

    1. Mike M - working in JAVA on a tablet program for a STL based ag company
    2. Hilary K - works for a STL bank doing... banking things (a white woman... get over it)
    3. Cathy M (wife of Mike K) - Works at Boeing (fuel tank programs)
    4. My Sister - tests software and writes support scripts, help documents, and 3rd level support (does this count?)
    5. Rick T - (long time 30 + years friend) working in Battlecreek MI for... a well known corp based there... on a mobile app of some type
    6. Andre B (part Korean, but 3rd generation) owns a company that writes custom software for hedge funds
    7. Bob F - Development (whatever that is) for software for k-12 schools (all coding done in either STL or Boston)
    8. Bill G - (2 different PhDs) heads up a team (STL based) for managing drug trials
    9. Cindy F - Computational Biology (computer study of DNA) for one of the local Universities
    10. Steve J - Oversees the IT department (non-student systems) for another of our local Universities
    11. David C - IT Department City of St Louis (okay... so I don't know if David actually works)

    BTW: NOT on the list are two tech recruiters, because they might actually have to place people of color too, Jim M co-founder - Square, my son, soon to start his second year of collage in IT and will freelance code now and then, misc Access and Excel script writers engineers I know that write small programs to automate their work and any number of people that maintain (simple) web sites.

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by tsquare View Post
    Hmmm...

    1. Mike M - working in JAVA on a tablet program for a STL based ag company
    2. Hilary K - works for a STL bank doing... banking things (a white woman... get over it)
    3. Cathy M (wife of Mike K) - Works at Boeing (fuel tank programs)
    4. My Sister - tests software and writes support scripts, help documents, and 3rd level support (does this count?)
    5. Rick T - (long time 30 + years friend) working in Battlecreek MI for... a well known corp based there... on a mobile app of some type
    6. Andre B (part Korean, but 3rd generation) owns a company that writes custom software for hedge funds
    7. Bob F - Development (whatever that is) for software for k-12 schools (all coding done in either STL or Boston)
    8. Bill G - (2 different PhDs) heads up a team (STL based) for managing drug trials
    9. Cindy F - Computational Biology (computer study of DNA) for one of the local Universities
    10. Steve J - Oversees the IT department (non-student systems) for another of our local Universities
    11. David C - IT Department City of St Louis (okay... so I don't know if David actually works)

    BTW: NOT on the list are two tech recruiters, because they might actually have to place people of color too, Jim M co-founder - Square, my son, soon to start his second year of collage in IT and will freelance code now and then, misc Access and Excel script writers engineers I know that write small programs to automate their work and any number of people that maintain (simple) web sites.
    2, 3, 4, 6, 8, 9, 10, 11 don't count.
    I know too many non-developers who do the same thing.
    They don't consider themselves to be software developers as this is simply to automate their specific functions or they have others do it.
    And let me tell you, people who write toy programs ain't developers by a long shot.
    That's why it took CitiBank almost 8 years to come online.
    But two ain't bad for a guy who meets hundreds of new clients a year.

    I only know one now; c++ unix, OTC Trading desk developer with a law degree.
    He got the law degree because he saw what was coming.
    The other two moved into management when they saw what was coming.

    Now I bet you can EASILY name 10 lawyers, accountants and health care professionals that really are immersed in their profession.
    You should always have an informed opinion, so after I inform you, please feel free to express my opinion...USCitizen

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    Re: The Real Causes of Income Inequality

    Quote Originally Posted by USCitizen View Post
    2, 3, 4, 6, 8, 9, 10, 11 don't count.
    I know too many non-developers who do the same thing.
    They don't consider themselves to be software developers as this is simply to automate their specific functions or they have others do it.
    And let me tell you, people who write toy programs ain't developers by a long shot.
    That's why it took CitiBank almost 8 years to come online.
    But two ain't bad for a guy who meets hundreds of new clients a year.

    I only know one now; c++ unix, OTC Trading desk developer with a law degree.
    He got the law degree because he saw what was coming.
    The other two moved into management when they saw what was coming.

    Now I bet you can EASILY name 10 lawyers, accountants and health care professionals that really are immersed in their profession.
    First it's clear that you are a sexist pig. #2 does some of the most heavy weight programing of the bunch. Big iron stuff... industrial stuff.

    The second thing that's clear (like I didn't already know) is that you are personally so far behind the times, you make my teeth hurt. You are (must be) the IT equivalent of an Architect I know that still draws by hand... pencil on paper... never learned to draw on the computer. Then he complains that he can't meet the fees or the schedules that other guys can.

    All those people make their living with computer code. That they don't do it in the manor that you find fitting is beyond any point.

    The world has changed and (seemingly) passed you by. Get over it.


    True, I do know 10 lawyers... most of them want to get out and do something else. Health care professionals... older ones want out, the younger ones are stuck between their student loans and all the ACA crap. The accountants do seem happy... if an accountant can ever be happy (how does one tell?)

    As for being "a guy who meets hundreds of new clients a year." Maybe you haven't heard... in this the Obama economy we Architects are laboring with a near 50% unemployment rate. That number is from our local AIA office based on a survey they did of their 2007 members at the end of 2011.

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