Comments by "Kim O\x27Brien" (@kimobrien.) on "Why The U.S. Has A Productivity Problem" video.

The bosses want us to work the longest hours, at the fastest rate and for the lowest wages to boost their sagging profit rates. Profit rates go down as machines replace labor which is why the profit hungry bosses are in and out of crisis.
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@davidb2206 Put the bosses on a diet. Fight for higher wages and fewer hours with no cut in pay.
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@biner01 As Karl Marx observed those who live in a hut have different priorities than those who live in palaces.
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@jesse7631 To fight inflation workers need to insist in COLA in all contracts and benefit programs public and private. That will put a crimp in the wage cut by inflation plans of the bosses.
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@MrBluntNose Resources are allocated based upon the needs of the private profit industrial profiteers. Those who can exert a chokehold like Amazon or Walmart can rake in the biggest Profits.
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@distantraveller9876 LOL Poor Elon Musk his Space X salary is only $1 a year and he has to sleep in his own factory. Any more sob stories you want to tell?
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People at home seldom produce anything since most production is carried out in factories by workers who operate and control massive amounts of machinery. That is just as true in Asia as it is in America. In fact the small operation is always being replaced by economies of scale. As Marx stated modern industry batters down all Chinese walls. It is also possible to over centralized as the Soviet experience shows but overall there is no reason to move into the factory or turn the home into a factory. Each only shows the bosses quest for profits at the expense of the social conditions of labor. Sure the assign of homework was an early way of getting more production out of workers just as the Irish immigrant who raised pigs in their working class London homes.
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Productivity goes up when machines replaces labor. The problem for the bosses is that when machines replace labor the profit rate goes down because the profit comes from our labor and fixed capital value rises.
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Its just the natural tendency of the profit rates to go down as machines replace living labor since the source of the profit is in the labor of the production workers exploited by the bosses.
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@Help_me_understand The system requires an every bulging vast group of people looking over the shoulders of everyone else's because those at the top trust no one except those closest to them.
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Bosses are only interested in profits. Profit ratres go down as machines replace labor since the source of the profit is our labor.
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@hitardo As soon as the market for the product goes South the bosses say see your later partner its sure been nice knowing you.
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@tHebUm18 That's been true since about 1973 but the long retreat by labor has come to an end and the bosses are now facing class struggle. The two party system that was so effective at containing protest is broken opening the road to building a class party of labor without the bosses.
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@hudsonh3985 Bosses often create their own problems by refusing to maintain infrastructure so they can campaign on having a surplus in the budget. Next thing you know potholes and boil water notices are going out. They close down highway rest areas because the don't maintain them then they say they need to do a study on reopening with limited services or permanent closure. Meantime trucks have serous parking issues and if they kept up with maintenance to begin with they never would have needed a study or a closure. Then you have bosses wondering why everyone is getting off the Interstate at private rest stops that provide showers, parking, a hot meal and creature comforts.
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@andrewferrauiolo4618 Abolish private property, the property used to exploit others. Make having a family again possible say no to Warren Buffet who brags about paying less taxes than his secretary and the BNSF Better Not Start a Family type bosses.
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@marilynmonheaux Any increase in productivity only increases the power of the production workers.
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user-lb8ju6vm9p The bosses drive to automate has the problem of a declining rate of profit by which the bosses judge success. The accountants are the ones who deliver the bad news. "Boss our capital value rises with every new machine we buy but our total labor from which we derive our profits keeps going down." "We cut labor costs and our machines break down." "We pay to have them fixed and we lose our profit." "Boss what do you want?" "To ask for another bailout or subsidy." Call treasury and have them print more money.
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@mra.4466 Bosses are only interested in profits. They want us working the longest hours at the lowest pay and the fastest rate in a pay period to make the biggest profits. They buy labor by the pay period and seek to pay only what it costs to get us to come back for the next pay period. Naturally it costs more if you have a family and want to have family time. But the Bosses don't care that's why they call the greedy Boss Warren Buffets railroad the BNSF the Better Not Start a Family Railroad.
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@tomcat8662 If the lowest paid get a raise they buy more of the things workers need creating more jobs and work.
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@tomcat8662 We aren't interested on boosting sagging profit rates. Sorry Boss the days of paying you for debt taken in at the time of the civil war are coming to an end. Your number crunching dummies in accounting are only telling you what we already know that the rate of profit declines over the long run as machines replace labor. All the BS theory behind the credit default swap is nonsense. Value is NOT subjective. You want to cut the cost of government and boost real value pull out of the military waste business close down those 800 foreign military bases. You won't do it though because yours is a world wide Empire. What was the total cost of war in Iraq and Afghanistan about 5 trillion dollars? Your like the English King Charles that parliament executed for making war for the sake of taxes only you make war for the sake of profits.
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That's why we need unions and a labor party independent of the Boss parties.
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@distantraveller9876 Considering the price of Gold in 1900 was about $20. and it is approaching $2,000. A million here and a million there and pretty soon your talking real money. Its Musk himself who puts out the propaganda about sleeping in his factory and taking a dollar a year salary. All your doing is propping up the fraud of a hard working ruling class meritocracy. What your really describing is some nut case who thinks he is going to be the next Elon Musk.
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@bitman_agent67 They always thinking about the rate of profit when making investment decisions. Many things can effect that rate but because the profit comes from the surplus value our labor produces if a company profit rate suffers the workers are always the first who are blamed. Since the stock market bosses set up all these companies in competition those who can pay the lowest wages and work us the longest hours without a union contact are seen as the most profitable. That is becauses when the buy our labor they only seek to pay what is socially necessary to get us to return to work for the next pay period. When they sell in a market they seek to get back all the costs plus a profit and the best rate of profit considering the money value of the capital invested. They want to hold up market prices of the product or service provided for that reason.
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@davidb2206 Jobs that do NOT produce anything worthwhile need to be eliminated. We don't need you slave labor jobs. If you can't make a profit in a capitalist system than you need to go out of business.
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@KittySnicker The worlds economy relies upon modern industry. The internet requires pole monkeys to make and maintain the system. It requires constant repair and expansion of data capacity. The cell towers all require a backhaul wired network. If anything the computer reduced the number of white collar and skilled jobs. All kinds of clerks, tabulators and draftsmen lobs were eliminated. If work at home was a more productive way of ding things we would still be living in feudal times on isolated farms and making handicrafts. Its estimated that the assembly of the resources to build your computer passed through one hundred countries.
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@fasthowto Source of profit is labor. "Output" doe not appear without labor. You can NOT build a perpetual motion machine that delivers "output" without labor. What is the source of value "Labor transform nature." John Locke. Only the modern Bourgeois Economist try's to deny the role of labor because it leaves the bosses mountains of profits exposed as the unjustified product of exploitation. So he invents a bunch of terminology to hide relationships and draws a bunch of supply and demand curve to look smart as he waves his hands in the air. You go to Walmart at different times of day or the week see if the prices fluctuate based upon the number of items on the shelf going up or down. Ask the auto repair bosses how they come up with your bill. Ask if they have someone in the background drawing up supply and demand curves and calculating output. .
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