Posted on 08/05/2013 1:06:53 PM PDT by SeekAndFind
The real problem that this country is facing is the interference of the Federal, state and local governments with what should be a private contract between the employee and the business.
You will never be paid less than what you are willing to accept and you will never be paid more that what it costs to replace you.
The US coasted on having a country not destroyed by WWII or being fully Communist.
The post WWII 'growth' is over. Globalization will fully finish off wages and other advantages we once had.
Was Commiecare™ mentioned? I must've missed it.
Sums up why, despite all of the EXCELLENT classical economic analysis transpiring on these threads....fighting this is a losing political battle, all the way round.
“Real Wages Lower than 1968” + “McDonalds Doubles Profit in 5 Years” = “Living Wage Legislation and Lots of Dems Getting Elected”.
A worker in the U.S. who cannot compete on some level with a slave laborer on the other side of the world needs to find something else to do.
Coincidentally we lowered the import tariffs in the 1960’s to just 1%.
I say coincidentally because we won’t stop at a pair back of real wages to the 1968 level. We’re going to keep reducing the real wage in this country until either we raise the import tariffs or our real wages matches the Chinese.
Coincidentally we lowered the import tariffs in the 1960’s to just 1%.
I say coincidentally because we won’t stop at a pair back of real wages to the 1968 level. We’re going to keep reducing the real wage in this country until either we raise the import tariffs or our real wages matches the Chinese.
Apples to oranges. Many of those 40% are students or moms working part time jobs.
I agree, They did not have students and moms in 1968
Actually far MORE people are trying to make it on minimum wage now, due to the breakdown of the family. I am aware of minimum wage shops where 80+% of the employees are single moms. Surely not the case in 1968.
No wonder food stamps are exploding.
The problem is “high level” jobs are far fewer than “low level” jobs. Everyone can’t be a chief but everyone still needs to eat. Automation bridges the gap in manufacturing to the point anyone can be trained and therefore competitive.
Excellent article
Not my point at all, but thanks for trying.
Comparing what full time people make versus those who are, in many cases, voluntarily not full time workers makes no sense.
how’s that change working for you, liberals?
Yeah but cost of living won’t compare to China or S. America. Consider even owning a clunker still requires insurance.
Good point, we'll end up having to dismantle our social programs if we don't protect our industries. You can't do social programs and then allow your industries to be undermined by countries that don't.
Good point, we'll end up having to dismantle our social programs if we don't protect our industries. You can't do social programs and then allow your industries to be undermined by countries that don't.
“Foreign domination was kept out, and our economy thrived.”
The real problem is the red tape and regulation. Things like the EPA, highest corporate taxes in the G20, etc. Those things are what makes Americans uncompetitive.
Erecting up a tariff wall will eliminate American jobs in exportation (yes, the exist), and while a short-term stopgap, will cripple American industries in the long term.
Tariffs work, if, and only if, America has the ability to invest, if Americans can actually ensure that their pay (and all of their pay), goes to the worker. Right now, about half of American earnings goes to the government. This was not the case in the late 19th and early 20th century where America boomed.
Today, it would simply be the nail in the coffin for American industries.
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