involuntary aspects of the job to job transfer system
this is some half ass KLASS BLINDED
NIT WIT
ECONOMICS MAIMED
GOOBER
CALLED DOC blanchard
clipped INTO A POST RECENTLY
by my main oregonian man
mark T
============================
"From both the macro evidence
and micro–economic work,
a large consensus
right or wrong
has emerged:
* It holds that modern economies
need to constantly reallocate resources,
including labor,
from old to new products
-----------AND PROCESSES ------------
from bad to good firms
--------------- OLD TO NEW FIRMS
AND BACK AND FORTH BETWEEN FIRMS
IS MORE NEUTRAL IF LESS PRO BURGER VIEW CLEVER ------------
* At the same time,
workers value security and insurance
against major adverse professional events,
job loss in particular
--------POMPOUS ASS ---------------
" While there is a trade-off
between efficiency and insurance
the experience
of the successful European countries
suggests it need not be very steep
-------- DENMARK ???
TO LOWER THE TRADE OFF SLOPE
THE SOCIAL COST IN DANE LAND
IS OVER 4% OF GDP
TRY EXTRACTING A SHARE
LIKE
THAT OUT OF GDP
IN A SPRAWLING MULTI ETHNIC SOCIETY LIKE AMERIKA ---------
* What is important in essence
is to protect workers, not jobs
------------- TO COMPREHEND THE TASK
HARDLY LIGHTENS THE BURDEN OF ACCOMPLISHING IT ----------
* This means providing unemployment insurance,
generous in level,
----- PAID OUT OF WHAT WAGE TAXES
A CORPORATE STOCK OWNERSHIP LEVY ??WHAT SIDE OF THE KLASS
DIVIDE YOU SHOOTIN FROM BUB ---------
conditional
on the willingness of the unemployed
to train for and accept jobs if available
-------- WHAT IF PEER WAGE RATE JOBS
ARE NOT BEING PRODUCED IN ADEQUATE NUMBERS ???
WAGE SUP INSURANCE ---------
* This means employment protection,
but in the form of financial costs
to firms to make them internalize
the social costs of unemployment
--------- BULL SHIT ANSWER
LIKE A PROFIT TAX
IT PENALIZES INNOVATORS ---------
including unemployment insurance
--------- THATS ALSO A BURDEN
ON THE WAGE FORCE YOU FREAK
TRYING TO DEVISE AWAY
TO REWARD AND PENALIZE
HIRE FIRE PROCESSES AT THE INDEPENDENT
PROFIT MAX
FIRM LEVEL
ACCORDING TO THEIR SOCIAL COST BENE EFFECTIVENESS
IS A MULTI DIMENSIONAL TASK
LIKE SAY A SET OF METRICS
FOR ANY PUBLIC SCHOOL'S
PER PUPIL ANNUAL SKILL INCREMENTATION --------------
rather than through
a complex administrative and judicial process.
---------- ANTI UNCLE CAN DO IT
SMALL BALLS GUBMINT BS
WALL STREET PANDERING ---------
* This means dealing with the need
to decrease the cost of low skilled labor"
---------- HERE COMES THE BACKWARD SLIDING WAGE RAMP BIT ------
----------- BY PAYROLL TAXES
THE CREEPS TAKE FROM THE SOCIAL WAGE FUND
AND FEED THE PROCEEDS
BACK TO WAGERY'S LOWEST ELEMENTS ------------
" lower social contributions
paid by firms at the low wage end"
---------- AN INCENTIVE TO SUB
THE UNSKILLED FOR THE SKILLED
BY A TAX THAT SHIFTS THE TOTAL BURDEN OF THE SYSTEMS EMPLOYMENT FAILURE
ONTO THE MORE SKILLED
A DOUBLE WHAMMO ---------------
" make work attractive
to low skill workers
through a negative income tax
rather than a minimum wage "
---------- SEE THE WAGE RATE SLIP BACK
AS THE WAGE RATE MIN GOES DOWN
COUNTERED BY
EITC (THE EARNED INCIME TAX CREDIT) GOING UP AND THE BURDEN SHIFTED OUT OF PROFITEERS COSTS
LOWER PROFITS
INTO WAGERY'S COSTS HIGHER PAY ROLL TAXES --------
-----------------------------------------------
I IGNORED THE NOTES BUT ADDED THIS COMMENT ANY WAY
as i see it
near all " re- job me up please"
deals
split into a pair of questionables
first the easy one:
task completion ease and speed
may cut staff requirements
ie
any technique change that reduces
the total input of
skill/ effort/concentration/intensity
or just plain old fashion punch clock time
must be rewarded by the system
nothing oughta stand in its way
no featherbeds...please
so in my wonderland
labor input
in these 3d's
per unit of value added
will fall at max
yes here max = opt
now the hard side
this produces "job re-dun-dents"
so what does one do
after looking
at the full potential
of your total human resource pool
how do we incentive -ise
all our independent
hiring and firing nodes
so they in aggregate
get society wide
human type resources
out there
( at unit pareto opt levels )
to the furthest feasible
hourly value product fronteer ???
ugh
yes pareto job choices
ie human unit output max
without
any one unit losing
wage per hour income
total hour employment etc etc
try that on for size pokes
not only do
frightful externalities
and internalizations abound
they inter lace and fly up each others ....
--------------------------
point of insight by analogy:
--------------------------------
its all kinda like
what paul st krug sez about
the hmo hedge rowing
of our health payment system
"everyone wants to shift the burdens elsewhere"
in our case
every firm on the road to cost min profit max
wants to have
as far above average
job force as possible
along the cost per unit of output axis
and so since not all are created
or become equal task masters
where do we wild and slack things go ?????
out the shop window
unimpeded
micro profit max firms
mean
constant dynamic macro burdens
" idle-ized " hands and brains condensing
out side the value production system
and again one splits into two
the shut down and tech-ed out
vs the biblical tribe of the flunked out
for the first
marks skill set retraining sounds sensible
long as there's a peer wages job to transit to
which is not what we have here in river city today
but i'll skip that
and get to the crown of thorns:
for the slackers the low effort surfers
err guys like.... me
maybe we need
dirty dozen units
like we had
inside the old wpa under harry hopkins
not reform schools
but reform jobs
to make viable jobsters
out of slackers and other lumpy types
-------------------------------------------
sorry if this comes off
as both brutal and
a tad gnomic
even by my mao car toon ish
glib standards
but i already posted a simpler
more thoughtful comment
earlier over at
delong's bowl-a-drome
where the lanes are narrow
the gutters deep
and the pins
won't drop without a bribe
---------------------------
and that commentis the prior post here
i wrote it
after dear tubby delarge
draws legendary cautionary tale
from old europe's
job no flex system
----------------------------------
ps
now you may cry
"what's that about slug removal ??? "
i say
let the slugs and slouchery gang
face a rising price level
and a frozen nominal
wage rate
let their relative wage rate
adjust till they're worth their pay grade
they'lleither ..swallow it as i would
or they'll leave
nothing requires u to peer pay
the super sub par peers
actually its my guess
society wide
a certain gubmint incentive -ized
intrafirm effort
to stimulate greater task efforts
out of their hired human resource pool
is macro system speaking
pareto prefered to the
old school
toss em like a peelings set up
all the shuffle up a dust
involved
in transfering the dim blokes about
to get a kick out back into
the recycle bin
...cycle after cycle
till the end of career
chinaski again
can't be all that good
better to isolate them hence my dirty dozen idea
like my 4th grade reading groupthe fab four
us three stooge boyos
that is
me the past master
of the darkest of all school ninja arts
maximo multo dislexissimo ------
my hay loft pal perry
the horrible junior stammer champ of
east jaffrey -----
and a rugged farm boy
who's name sounded dutch
and who
it was rumored
had been kicked
in the head by a milch cow
us three plus one gal...
la gail
her of the shirt twurly
plaid skirts
her of
coquetish tropes
and dancing legs
6 years to bold for her grade
i digress eh ??
but hey
i'm talkin thru my hat here any way
Posted by pinky at March 31, 2006 08:59 AM