Did LAZINESS cause the recession?

[PlayHer Man]

Is it possible that one big cause of the recession was people becoming lazy?

Six years ago, everyone had their fat 401(k)s and equity in their homes. Unemployment was at an all-time low. So we all thought that we didn't have to work as hard. Hiring someone and getting a day's work out of them was a real chore in the 1990's and early 2000's. Right after 2009 it was still pretty much the same story, which is why employers were not hiring. Why bother?

Employers realized they are better off having fewer customers and fewer employees, if they’re more profitable in that model. Each additional employee has a decreasing profitability factor.

Consider the last major recession in 1979. Unemployment was at 10% and inflation at 10% or more. And the most popular song of the day? "Take This Job and Shove It!". People didn’t value their jobs back then, even as they were being outsourced overseas.

It was only in the 1980's when people started to realize that the high-paying union jobs weren't coming back that they stopped striking and started going back to work. And the Reagan Recovery was underway. People got the message of, "Stop whining and get back to work!". It set the tone for the next decade or so.

1929 is another example. By the time of Black Friday, even the local grocery clerk had a stock portfolio. Why bother working when every man could be a Millionaire? We can all get rich without working. And of course, it didn't work out that way. The stock market in 1929 or the housing market in 2009 same sh!t different day (literally). We felt that we could be rich without labor, accumulate wealth without work. :crazy:

Greece is another example where people felt they could vote themselves a pay raise or pass a law making everyone rich without work. It didn't work, and now Greece is bankrupt .. or at least its banks are and perhaps ours as well.

When people go back to work, economies thrive. Hard work, and not for over-inflated pay, generates prosperity.

When the U.S. gets back to work, doing REAL work, not Facebooking or texting, etc. things will finally improve. :yes:

Thoughts?

 

[Mike32ct]

I know what you're saying, but plenty of people would love to go back to work. But there's no jobs for them.

I think all the outsourcing finally caught up with us. We can't only hide from that reality so long. These jobs just can't be replaced. We're screwed no matter what we do.

If I'm gonna blame the people, I blame them for not buying American (when you still could). They sold out their own country. Yes, it's more expensive and you can't buy as much, but it would have supported jobs. People want it both ways. They want high union wages at THEIR job, but want to pay W a l mart prices for what they buy.

 

[taiyuu_otoko]

Is it possible that one big cause of the recession was people becoming lazy?

No. The same thing that caused the recession is the same thing that is causing people to become lazy:

Democratically Elected Government

Source:

Democracy, The God That Failed

Long Story Short:

Democracy causes a slow but continuous decay (increase) in the aggregate time preference of society. Higher time preferences mean that people are less capable to plan for the future. This is because as the government "safety net" gets bigger and bigger, people become less and less "self starting. This process tends to accelerate over time.


They also slowly destroy capital through fiat currency expansion. This is well documented and needs no explanation.

Two different things, but the same cause.

It can be reasonably argued that governments (and to the same extent religion) are the cause of ALL problems of society.

 

[Fatal Jay]

^
I agree stupid/greedy politicians ruined this country

 

[Aristippus]

The recession was caused by several factors. First, jobs being sent overseas because government chose to reward people for sending jobs overseas, yet still allowed them to benefit from the economy without contributing anything to it. Next, you have the banks. Banks are basically institutions that are allowed to create money out of thin air. A recipe for disaster. When you allow a group to basically create money for free, then the people that actually do no labor, can purchase real assetts and services without really contributing anything of value. That means you can have a group of people laboring for months to build a home, paying for materials through money they had to work for, and in one second, a banker a-hole can simply make a few entries in a computer or scribble on a piece of paper and own that house.

Scribbling on a piece of paper for a few minutes does not = the amount of work it takes to make raw materials and for a crew to build a home. There is a percentage of the population that contributes nothing of real value while building wealth for themselves only. I also believe the stock market should not exist. It artificially inflates the price of everything by adding a middleman that contributes NOTHING to the process of manufacturing a good. Simple other un-necessary middlemen.

Next throw in greedy politicians who skim off the top of the pool of tax money and who are overpaid. Then throw in an unnecessary war that has been going on for over a decade. For good measure, add the fact that even when employers hire locally, they will do everything in their power to not give their employees the benefits they have earned. They either have 2 employees working 30 hours a week so they don't have to pay for benefits or they fire their full-time help just before retirement time to avoid giving their employees pensions. On top of that, the greedy corporations that purposely hire illegal immigrants for extremely low pay, so they can avoid paying a decent salary to their workers, while reaping extra profits dishonestly. This takes jobs away from citizens and those here legally and it takes advantage of the people working for them for peanuts while the already filthy rich get richer, but at the expense of the well-being of their fellow man.

Add in government subsidies (politicians using our tax dollars to make the already super-rich even richer) and other abuses of our tax dollars, and you have a recipe for a bad economy. The problem isn't laziness. The problem is the insatiable greed of a few un-deserving men, who care nothing about the ill effects of their actions on others.

 

[twentee]

plenty of people could create their OWN jobs, if they just had a lick of sense and would bother themselves to look around, see what people need (and are wiling and able to pay for). HUSTLE the money. If it really IS a great source of income, PLENTY of people will want to 'buy in".. Guess what?if nobody wants a piece of it, it's NOT likely (at all) to be profitable. for instance, I make $500 a week from the homeless, but no, I am not going to tell you how I do it. Yes, I have rental real estate, but that's not what I"m talking about here.

 

[Burroughs]

twentee/goundra/white boy is 17 and lives in his mom's basement...he has no 'real estate'

stop being such a fagtard you kung fu homo

 

[Vice]

Foolish bank employees (getting paid for each loan they process, not by the quality of the loan) giving out loans to equally foolish buyers (who did not understand the cyclical nature of real estate) of overinflated real estate had a major part of it.