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Here we go with rat talking points, turning a recovery into a bad economy, just like turning Iraq into Vietnam. The rat media is shameless.
I suppose we'll start getting stories about homeless people now.
If it were at a -10% rate, Jared would still say the same I'm convinced, after all, to some if the glass is overflowing this would be seen as a problem just as they would see a problem with an empty glass.
As for the title of the article, well perhaps one should shoot for a position which is "exempt". LoL's!
At any rate, why are we to believe what the Slimes says anyway? They're a party organ for the Democrats, and a discredited one at that.
Good God, they actually used the adjective "liberal". I'm in shock.
We're DOOMED! DOOMED!
?
Don't worry, be happy!
$11 per hour to be a maid is pretty good, particularly when you factor in the tax-free tips.
No mention that the "Pew Hispanic Center found that workers who were not U.S. citizens claimed 378,496 jobs out of a net increase of 1.3 million from the first three months of 2003 through the first three months of this year." To wit, no mention of ILLEGAL "cheap" labor on labor supply / wage rates. nyt employees value diversity so the topic is off limits.
Altogether I'd say the article had little value though it did point out widely known factors such as in recent years spending was fueled mostly by debt, as consumers took advantage of bedrock-low interest rates to whip out their credit cards and refinance their mortgages.
Census Bureau numbers support the sagging earnings at the bottom end (and middle) as the higher earners get more and more of the aggregate income. At least it's not always the same people year to year, I suppose. This is a trend that been tracked through Republican and Democrat administrations. Why it's now "anti-Bush" to talk about it is a puzzle.
Although these numbers are valid (I've run them myself,) they are not the whole and complete story.
For whatever reason, DOL includes the employer-paid part of the cost of health insurance as part of 'hourly pay.' Since that has generally risen over the last several years, the DOL number is a bit misleading.
OTOH, the EMPLOYEE-paid portion of health insurance (not to mention co-pays and deductibles) has also risen substantially during the same period. Frankly, I don't know where DOL places this in their regimen.
I also suspect that (assuming job creation continues) there will be a sudden upward jerk on the 'compensation' numbers--that is, that the national average numbers will begin to rise, quickly.
If it does not, then there's a problem which neither the Dimowits nor the Pubbies have identified.
GOOD NEWS !!!!!!
I don't see this reported anywhere else, but on Glen Beck'e radio show last week he stated that we are now in a BUDGET SURPLUS by a few billion due to increased tax revenues from individuals and corporations.
tax reform bump
Conspicuously absent from this article is any discussion of what policy alternatives are available to legislators to do something about wages. Senator Kerry, of course, will be anxious to expoit the issue for political gain, in spite if the fact that he has no idea how to stimulate the economy enough to generate more jobs and wage growth.
The White House, on the other hand, refuses to move on Fundamental Tax Reform (FTR), because Karl Rove considers it too risky politically. Apparently he does not consider allowing the economy to continue to operate well below its potential to entail any political risk.