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Real wages fall at fastest rate in 14 years
Financial Times ^ | May 10 2005 | Christopher Swann

Posted on 05/10/2005 2:39:12 PM PDT by nickcarraway

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To: af_vet_rr
The conservative base is not fed up...

The conservative base might be fed up, but it's not because of issues raised in this bogus financial times article.

Most people realize that the economy is doing just fine. In fact it is booming in most parts of the country, with many companies and industries barely able to keep up with orders and demand.

I don't know how wage statistics are kept and measured, but I would venture to say this article is bogus in that it fails to measure small and middle sized businesses.

For example, one of my adult kids just traveled to California to see about setting up roots.

He applied for a job online ??monster.com?? and has been literally inundated with offers.

Yes he is college educated as an industrial engineer, but both he and I were stunned at the number of good quality offers he received, ranging from $55k per year up to $100k/year.

His roommates (non college grads) likewise are working at various ventures, raking in pretty good money.

One of his buds started a musical recording studio and already is booked up with clients willing to pay big fees to make music.

Bottom line: All this talk about a bad economy with falling wages is claptrap from people who appearantly go around looking for bad news.

Even my knuckleheaded in-laws, who are literally dumb as stumps, seem to be raking in the dough in their business ventures, which is asphalt and paving.

141 posted on 05/11/2005 4:07:54 AM PDT by Edit35
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To: nickcarraway

I guess the FT failed to mentioned, that most of the increases in prices are due to a spike in energy prices.

Also, if you really look at it, prices are actually catching up with wages. Wages for the most part have been going up faster than prices since the mid to late 90s.


142 posted on 05/11/2005 4:33:58 AM PDT by Perdogg (Rumsfeld for President - 2008)
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To: kaktuskid

Fool. Do you really believe they use the gas tax money for that purpose?????

Come on, you can't be that ignorant?


143 posted on 05/11/2005 4:43:52 AM PDT by chris1 ("Make the other guy die for his country" - George S. Patton Jr.)
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To: RWR8189
There has been a net creation of 839,000 jobs created since Bush took office

It would be interesting to find out how many illegals entered the workforce since Bush took office.

144 posted on 05/11/2005 5:16:13 AM PDT by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: Lazamataz

I work in systems admin, and there is pressure put it seems to be leveling off.


145 posted on 05/11/2005 5:24:55 AM PDT by TXBSAFH (Alcohol, Tobacco, and Firearms, who's bringing the chips?)
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To: MojoWire

I agree with you 110%. The economy is doing well, very well and the MSM is talking it down. Sure people are not getting 10% raises like they did in the 90's...but if you want a job--you can get one.


146 posted on 05/11/2005 5:34:29 AM PDT by Pondman88
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To: Trteamer
So are you telling me that your decisions in life don't affect your success in life?

Of course they do, but they are not the sole contributor to success or failure in life.

The decisions of a soviet peasant also affected his life. Does that mean the soviet union was a free country?

147 posted on 05/11/2005 5:43:21 AM PDT by Mulder (“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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To: A. Pole
Really? How do you know? Did you see a comprehensive comparison? I would be very interested in seeing it.

I think Bovard spends a couple of pages on this subject in "Terrorism and Tyranny".

He notes that in some areas, some countries have more freedom than we do. For example, the US lags behind others in freedom of the press.

I expect the US to come out on top when all freedoms are averaged together. No, I haven't done a comprehensive comparision. I'd be interested in seeing one though.

148 posted on 05/11/2005 5:45:44 AM PDT by Mulder (“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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To: Lazamataz
In some ways, America ranks in the top 10. In others, we are miserably unfree.

Very true.

I'm just waiting for some statist fool to come along and tell you that there is "no Constitutional freedom to travel" and so on....

149 posted on 05/11/2005 5:47:43 AM PDT by Mulder (“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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To: America's Resolve
You'll find many in this forum who will say that I need to suck it in and take a McDonalds job,.............

The first thing you need to do is eliminate the word unemployed in describing your situation and start referring to yourself as a Consultant while you follow the current FR advice du jour and become self employed ;-)

150 posted on 05/11/2005 5:49:48 AM PDT by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: jimfrommaine
But the RINO's stand in the way.

I am beginning to think that all Republicans who are beholden to the party for fundraising are RINOs. I wonder if party allegiance doesn't come with too many strings these days.

The man I admire is Dr. Tom Coburn in Oklahoma. We should clone him. Even if he came up with the occasional wacky position on some issue, one of the other clones would surely argue with him on it! It's part of the Dr. Tom DNA, and that's a good thing.

151 posted on 05/11/2005 5:51:13 AM PDT by Puddleglum (Thank God the Boston blowhard lost)
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To: NewRomeTacitus
If our country was caught in a another global conflict we'd be totally screwed because our entire manufacturing base has been outsourced.

Not quite but almost. Just recently, former Michigan Governor and current American Manufacturers Association President Engler, in a speech this week said that there are about 15 million workers in manufacturing. I would presume that figure includes all the white collar management and administrative personnel, which means there aren't too many manual labor jobs if the skilled trades are factored out.

Since agriculture is also becoming highly mechanized and manual labor needs are decreasing, where in the h*ll are all these millions of illegals finding jobs? Are there really that many lawncare, room service and construction jobs going begging to absorb the millions crossing our borders each year?

152 posted on 05/11/2005 6:03:48 AM PDT by varon (Allegiance to the constitution, always. Allegiance to a political party, never.)
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To: nickcarraway

From personal experience, wage growth at the company I work for has consistently been below inflation for the past 4 years. A quarter point here and a half point there, but it adds up. This year was the exception. But in the three previous, our 'cost of living' raise was less than inflation. At the same time, the company closed it's U.S. manufacturing and shipped it to Mexico. Now they are offshoring from Mexico to Asia. THe comapny has been growing at around 10% per year, but it doesn't reach the employees.


153 posted on 05/11/2005 6:09:05 AM PDT by doc30 (Democrats are to morals what and Etch-A-Sketch is to Art.)
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To: A. Pole
I was merely attempting to illustrate the absurdity of comparing two nations that-while sharing the common denominator of freedom-diverge wildly in their respective governments' conception of that nebulous ideal.

I could have just as easily used religious pluralism and the political rights enjoyed by religious minorities-including the right to proselytize unimpeded by government interference-as an index by which to assess how "free" both countries are, relative to one another.

India would be found wanting in that area as well.

154 posted on 05/11/2005 6:41:54 AM PDT by Do not dub me shapka broham ("What in the world happened to Gerard's tag-line?")
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To: bill1952
Seriously, can you give example of the freedoms that Americans have and Indians do not?

The right to bear arms.

In India many private individuals own guns legally. They just need to acquire the permit/licence. How is it different from USA?

155 posted on 05/11/2005 6:57:58 AM PDT by A. Pole (Ukrainian proverb: "Iak buly moskali, buv khlib na stoli, a iak bude Ukraina, bude bida po kolina")
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To: MojoWire
He applied for a job online ??monster.com?? and has been literally inundated with offers.

With the actual offers or with the letters from the desperate recruiters/head hunters?

156 posted on 05/11/2005 7:00:10 AM PDT by A. Pole (Ukrainian proverb: "Iak buly moskali, buv khlib na stoli, a iak bude Ukraina, bude bida po kolina")
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To: NewRomeTacitus
Building a Whopper is now considered a manufacturing job.

No it's not. And what do the 14 million manufacturing workers manufacture?

157 posted on 05/11/2005 7:02:01 AM PDT by Toddsterpatriot (If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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To: Concentrate
We cannot compete with China and win.

Ahh, that American can do spirit.

158 posted on 05/11/2005 7:05:41 AM PDT by Toddsterpatriot (If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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To: Mulder
I expect the US to come out on top when all freedoms are averaged together.

I suspect that among the democratic countries the most free is India and the least free is Sweden. And I would rather live in Sweden than in India. (But I prefer to live in US, and my second choice would be Poland, before Sweden).

159 posted on 05/11/2005 7:05:51 AM PDT by A. Pole (Ukrainian proverb: "Iak buly moskali, buv khlib na stoli, a iak bude Ukraina, bude bida po kolina")
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To: Walkin Man
Protectionist response: Three months of falling real wages must be blamed on GATT!
160 posted on 05/11/2005 7:10:05 AM PDT by 1rudeboy
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