US corporations squeezing more output from workers and paying lower wages

[inthebrain]

What a bunch of dirty fucking parasites.





US corporations squeezing more output from workers and paying lower wages

By Patrick O’Connor
12 August 2009

US Labor Department data released yesterday showed productivity up 6.4 percent in the second quarter, the largest gain since 2003 and higher than economists’ forecasts of 5.5 percent. Over the same period, workers’ compensation fell sharply.

The Bureau of Labor Statistics explained that productivity—which measures hourly output per employee—increased “due to hours worked declining faster than output.”

In other words, big business is using the rise in unemployment to extract greater output from employed workers through speedup and other forms of intensified exploitation.

Nonfarm productivity rose 6.4 percent as a result of output declining by 1.7 percent and total hours worked plummeting 7.6 percent.

Data also showed that real hourly employee compensation fell by 1.1 percent in the second quarter, or by 2.2 percent on an annualized basis. The combined impact of declining wages and rising productivity brought unit labor costs down by a huge 5.8 percent in the three months from April to June.
http://www.wsws.org/articles/2009/aug2009/usla-a12.shtml

[SmileyRose]

1. Wasn't that the whole point of this shithole they created?

When we are willing to see our 9 yr olds chained to a workstation for 16 hours a day and accept it as a necessary sacrifice to help keep a roof over the family's head then the economic predators STILL won't be happy.

it's not by accident they keep moving production to whatever hellhole has the worst standard of living.

[inthebrain]

2. They're capitalists

They are all predators. That's point of it.

Get rich off of someone elses blood, sweat and tears while sitting back and doing nothing.

[RagAss]

4. Amen.

[Deja Q]

8. The question is how to make it rich...

Which is worse than "improbable", and increasingly based on looks and lies.

[Kievan Rus]

3. How else do you expect a CEO to buy another yacht?

:sarcasm:

[inthebrain]

5. By selling his asshole in prison

with the rest of his kind.

[OHdem10]

6. Globalization has come home to roost.

Harmonization of wage rates across the world.

[inthebrain]

7. up