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02/07/2014

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Brian

Omar Sharif! I love that guy! He was great in Lawrence of Arabia! ;-)


Back to the report...

Okay, I think we can all agree that, generally speaking, "productivity", "efficiency", and "technology" (economically speaking) are nothing more than euphemisms for "replacing expensive human labor with either a) cheap energy or b) cheaper human labor.

All "official" economic or media reports can be more accurately understood by simply replacing any of these buzzwords with the phrase "screwing workers". An example to demonstrate...

From the above article, we find the following:

The productivity readings for the two final quarters of 2013 were the strongest since late 2009, offering hope that productivity hasn't permanently downshifted, as some had feared. Lower productivity would suggest lower economic growth over the long term.

Making our substitution (with minor grammatical corrections) we get:

The screwing labor readings for the two final quarters of 2013 were the strongest since late 2009, offering hope that screwing labor hasn't permanently downshifted, as some had feared. Less screwing of labor would suggest lower economic growth over the long term.

Now, isn't that clearer and easier to understand? Use this simple trick whenever listening to government spokesmen, mass media, NPR, or any representative of any major commercial interest.

Dave Cohen

Re: isn't that clearer and easier to understand?

Yes, it is.

-- Dave

Andy

The economy is working as intended then. The Elite aren't stupid, just assholes.

Jim

I was talking with a guy who contracts to the CEOs and wealthy of the world. He said back when the recession hit he was asking how bad it was for them. Many of them said something along the lines of, "Are you kidding? It's great. It's the perfect opportunity to cut costs and reduce labor. We're doing better than ever."

In the general population, there's the feeling that everyone has to accept the downturn and deal with it. People are working longer for the same amount of pay - and they're the 'lucky' ones who still have a job.

Oliver

@Jim - re. People are working longer for the same amount of pay - and they're the 'lucky' ones who still have a job.

Included in this 'luck' is the 'respect' shown to those working like a sad-sack donkey for a pittance. Just by way of example, today I (yes me, of advanced years) was told off by my employer for running down the stairs.

As those assholes Perkins and Draper have vaguely sensed (see Dave's essay: Demonizing The Rich, Schadenfreude And Assholes) revenge is a dish best served cold.

Oliver

More asinine assholery:

(Reuters) - U.S. consumer credit in December grew by the most in nearly a year due to a sharp increase in credit card usage, a potentially positive sign for the economy.

http://www.reuters.com/article/2014/02/07/us-usa-economy-credit-idUSBREA161R220140207

Has it crossed their tiny little minds that the underpaid are borrowing more and more to keep a nostril above the waterline?

Rob N. Banks

The WSJ could probably get away with printing Brian's rewording. What are the American proles gonna do about it? Break their bonds of debt slavery and wage slavery? Ha! Don't be ridiculous! There's millions of 'em ready to stand up and defend the social Darwinian capitalist nonsense they've been spoon fed for decades. To think there're folks so emotionally attached to a system that regularly shits on 'em. This world is the finest form of black comedy that could possibly be conceived.

John D

"coupled with subdued wage growth,..."

Sort of like: 'the dead patient had a subdued heart rate".

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