Posts Tagged: Surplus Labor Value
6

Just Like Wall Street, Hollywood Is Raking It In With Fewer Workers

Even Nikki Finke is a neo-Marxist Keynesian hybrid up in her economic thinkings! "According to BoxOffice.com, 2009's domestic cume has already topped 2008's record haul of $9.626 million from January 1 to December 31, 2008," she writes today, asking: "So Why Is Most Of Hollywood Out Of Work?" You know why, girlfriend! All over America, it's easy to figure out this year that you can pay one person to do the work of two or three. Even best boys.

17

Hot Excess Supply of Labor Action! Wages, Productivity and the Market

In this glorious 3rd quarter of the year, something rather amazing has happened. Overall, companies reported that "worker productivity" was up by 9.5% while actual hours worked was down 5%. This means exactly what you think it means. Mostly it means that there is no reason for companies to do any hiring. Why? Because they are doing just fine without you.