Health Care Law Massacred in Supreme Court

[herbivor]

Right we are still the most productive work force on the planet for a reason. Its part of what makes us Americans, the notion that you work hard and take care of your self and family is something to be proud of.

I thought the it was the Chinese that worked the most hours and was the most productive country in the world? They must be even more proud than Americans.

[mrsleeve]

^

Per capita there herb. When there are a billion of them, many hands make for light work

[bmwstephen]

I thought the it was the Chinese that worked the most hours and was the most productive country in the world? They must be even more proud than Americans.

technically they are, but because of how modern hedonic methodologies are manipulated interpreted, some people (especially western and many european societies) don't look at the correlation of production output which I think is more important compared to evaluating productivity narrowly. In other words productivity does not necessarily equate to production but most people focus on the former than the latter.

for example, I have a computer software that supposedly makes me work 10 times faster, but does that mean I'm turning out 10 more reports over a given time? No, it simply raises my productivity to output that report so now I can probably take many coffee breaks in between compared to my neighbor who lacks that productive capacity.

Hell, if you ask a Greece citizen if they think they are as hardworking or productive as Germans. they'll likely say yes even though their production output is crap.

[KenC]

technically they are, but because of how modern hedonic methodologies are manipulated interpreted, some people (especially western and many european societies) don't look at the correlation of production output which I think is more important compared to evaluating productivity narrowly. In other words productivity does not necessarily equate to production but most people focus on the former than the latter.

for example, I have a computer software that supposedly makes me 10 times faster, but does that mean I'm turning out 10 more reports over a given time? No, it simply raises my productivity to output that report so now I can probably take many coffee breaks in between compared to my neighbor who lacks that productive capacity.

Hell, if you ask a Greece citizen if they think they are as hardworking or productive as Germans. they'll likely say yes even though their production output is crap.

What?

What does "correlation of production output" mean?

[KenC]

Mom in law.

Was yesterday, got a cow valve and a bit of thinning aorta fixed. She's fine up and awake most og the tubes and hoses are out. She's out of the icu and doing very well. Thanks for asking :)

Do you know which valve it was? In any case, she'll likely have much more energy now.

[bmwstephen]

What?

What does "correlation of production output" mean?

er sorry. I meant to say people don't observe the relationship between productivity and production output - which I think is more important than just looking at productivity alone. If you are a product manufacturer trying to bid on a project, what would get an investors attention? your productivity alone? or the rate of output? cause last time I check, its the output of the physical product (which in turn I sell) that will help me make money, not your productivity.

let me put it in simpler terms, when people say the US is the most productive nation in this world, then why do we have a trade deficit? By that logic, if our productivity is top notch, shouldn't we have equilibrium or a surplus, thus being self-sufficient from the dependence on imports etc...

[mrsleeve]

Do you know which valve it was? In any case, she'll likely have much more energy now.

Yeah. Acending valve.

I keep telling her that too

[KenC]

er sorry. I meant to say people don't observe the relationship between productivity and production output - which I think is more important than just looking at productivity alone. If you are a product manufacturer trying to bid on a project, what would get an investors attention? your productivity alone? or the rate of output? cause last time I check, its the output of the physical product (which in turn I sell) that will help me make money, not your productivity.

let me put it in simpler terms, when people say the US is the most productive nation in this world, then why do we have a trade deficit? By that logic, if our productivity is top notch, shouldn't we have equilibrium or a surplus, thus being self-sufficient from the dependence on imports etc...

That makes even less sense. How are you defining "productivity"?

We have a trade deficit because we don't export as many goods as we import. We're a serviced based economy now. We tell China what to make, and then buy it from them.

[bmwstephen]

That makes even less sense. How are you defining "productivity"?

We have a trade deficit because we don't export as many goods as we import. We're a serviced based economy now. We tell China what to make, and then buy it from them.

I'm defining productivity by its intended meaning: ratio of production output from the input.

while I agree with you that we have a deficit because we don't export as many goods, i think the underlying problem is the idle productive capacity we have that isn't utilized (and yes that is because we are a serviced based economy now). which leads me back to my point, we are the most productive (or can claim to be) but our production doesn't reflect it.

In the world of hedonics (which is what I do for a living), this practice abused quite frequently. Especially in the reporting of national figures such as CPI, GDP, or BLS Productivity.

[KenC]

Are you talking about production efficiency?

[jrobie79]

the US still manufactures a shitload...not as many small consumer goods but still is a manufacturing powerhouse

[mrsleeve]

the US still manufactures a shitload...not as many small consumer goods but still is a manufacturing powerhouse

I am fairly sure we are still the number one manufacture in the world though china will pass us soon

[z31maniac]

I am fairly sure we are still the number one manufacture in the world though china will pass us soon

We are still number 1. China should exceed us in the next 5-8 years.

[rwh11385]

er sorry. I meant to say people don't observe the relationship between productivity and production output - which I think is more important than just looking at productivity alone. If you are a product manufacturer trying to bid on a project, what would get an investors attention? your productivity alone? or the rate of output? cause last time I check, its the output of the physical product (which in turn I sell) that will help me make money, not your productivity.

let me put it in simpler terms, when people say the US is the most productive nation in this world, then why do we have a trade deficit? By that logic, if our productivity is top notch, shouldn't we have equilibrium or a surplus, thus being self-sufficient from the dependence on imports etc...

I thought it was cost and quality, and then maybe lead time and output capacity? For some things, a million people working for a couple bucks might make sense, but what about products that low-skilled labor would struggle to make right if they had all the overtime in the world?

No reasonable person would want to put a Chinese artificial hip joint in, regardless of output rate... scary.

Last time I checked... trade deficit is determined by our exports AND our IMPORTS. We buy a crapton of shit from around the world. We could cut a lot of deficit if we obviously got off our oil binge. We also have a lot of unproductive people, which if they were in the work force, we could make and sell more.

88.5% of the US consumption is self-sufficient. The problem is oil and buying other crap (which we usually don't need).

That makes even less sense. How are you defining "productivity"?

We have a trade deficit because we don't export as many goods as we import. We're a serviced based economy now. We tell China what to make, and then buy it from them.

A third of our exports are services, and they're helping us more than hurting us. (Export services = $608B, Import services = $429B) And India seems to be getting along with its service-based economy, so it's not a bad thing as long as our high-skilled service is demanded globally.

Another aspect is the limitations of selling to China and having to set up JVs there which produce US company goods for their domestic consumption. The profits might come here or other developed nations, but still "made" there. Like Cessna building business jets there or GM making a lot of Buicks in China, I believe that is counted as Chinese manufacturing production, but couldn't confirmed. (I mean, we count Honda of OH right?)

I am fairly sure we are still the number one manufacture in the world though china will pass us soon

http://www.msnbc.msn.com/id/41349653/ns/business-us_business/t/despite-chinas-might-us-factories-maintain-edge/#.T3ZXZzEgeUQ

Yes, we're still #1

Remember, we're still less than 5% of the world's population and are responsible for over 20% of the global gdp. China has 20% of the world's population but only represents just 9% of global gdp.

And there's companies looking or already 're-shoring' jobs here. It might not be enough to keep our status... but what's the real significance of country making more cheap stuff and we making high tech or high quality stuff. Who would you rather have our citizens working at? The Chinese's workers are using hard work for low wages to step out of poverty and we're looking to 'have a working wage' as the politicians would say. What we do need is people qualified and skilled to do the jobs we need of them.

The happy news at the end of the day is that economics levels things out naturally and their consumption will increase and buy more of our products with a rise in middle class bringing able to afford more protein in their diets, pets in their homes, and cars. They could of course only buy from within their borders, but they buy a lot of 1st world production luxury brands as it is. And China has its own China growing in Africa. The low wage bottom finds another location and China will "grow up", and our focus ought not to be their total production numbers but rather our skill level and quality, and remain as the superior location to produce top notch goods cost effectively, not just decent shit dirt cheap.

[rwh11385]

Just now getting around to respond to this page since Kronie the Comie decided to rant about evil bosses...

OK. Same routing as before. Makes it way easier for me. My damn thumbs are tired haha.

I'm still unclear about: How can you make insurance affordable for the most costly without bumping the costs for those who are healthy?

THERE ARE REALLY ONLY TWO WAYS. EITHER ADD MORE HEALTHY YOUNG INDIVIDUALS TO THE POOL, OR MAKE CARE ITSELF MORE AFFORDABLE. IT'S NOT A SILVER BULLET, BUT A CATCH-22 IS THAT ADDING THE UNINSURED HEALTHY YOUTH THAT CURRENTLY PAY NOTHING WILL LOWER THE OVERALL COST OF CARE. NOT BY A TON, BUT IT WILL HELP.
THE REAL KEY IS TO IMPROVE THE DELIVERY OF CARE.

Do you really think that adding more small margin payers will really reduce costs that much? It's like the GM approach of selling more cars but not cutting the inefficiencies and design flaws. It wasn't until they fixed their operations and eliminated [some of] their bureaucracy that were able to be cost competitive.

Plus, who are these uninsured young people?

http://www.census.gov/hhes/www/hlthins/data/incpovhlth/2010/table8.pdf

Most common percentages are single, Hispanic immigrants who make less than $25K and either work part-time or not at all. Certainly there might not be many with all those majority group attributes but if the biggest group of non-payers don't have much income, how are they going to pay much into the system?

It's not like it's a bunch of yuppies who make $50K and just are dumb to not get health insurance. [Nor are they people who just left their family plans since most are not in a family unit]

THEY DON'T WANT TO BE FAT, AND PERPETUALLY SWEATY.
SEX APPEAL IS PROBABLY A GOOD REASON ALSO. I THINK PEOPLE WANT TO BE INHERENTLY FIT.

Dude, you're in Oregon, land of granola and nature. Have you ever been to Houston??