Real wages fall at fastest rate in 14 years

Financial Times ^ | May 10 2005 | Christopher Swann

[Toddsterpatriot]

The point of the cartoon was to show that nothing can compete with slavery.

Which is why the South won the Civil War.

[A. Pole]

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.

It is how Bobby Fisher got into trouble.

[rahbert]

Huh? Calif has lovely roads. Visit Eastern Mass some time if you want to see crap roadways...

[superiorslots]

Quote: I simply can't understand who industry expects to buy their products or government expects to pay their taxes with all the jobs being exported and H1B's being brought in. We're slitting our throats and every job that is lost by an American is another drop of blood that's being lost from America.


Very simple to answer. The CEO's own jobs are not affected by outsourcing and thye don't care about their fellow citizens.
Also They are now getting short term high profits because of sending jobs to cheap labor china and when the sh*t hits the fan due to high unemployment in this country they can resign with their golden parachute (Carla Fionni (sic) of Hewlett Packard got $22 million after she was FIRED)and retire comfortably in their gated community among like minded people.

In a nutshell "They Don't Care" They have theirs and screw everyone else.

[Blzbba]

"I suspect that among the democratic countries the most free is India."


Last I heard, it was Australia, New Zealand, and Hong Kong...

It's tough to find a good steak in India... :)

[Destro]

How can people afford the huge real estate bubbled prices? Over extending?

[Destro]

That is the whole point of globaliation - to even out the economies - our nation's leaders want wages to fall so we can compete with China, etc. and to redistribute wealth.

Globalisation is Marxism.

[Destro]

Hell lets fire all salaried employees and start using slave labor.

[biblewonk]

We live in the richest society that has ever existed, irrespective of what this article says.

[A. Pole]

It's tough to find a good steak in India...

Some of the best steaks are in Argentina.

[Destro]

That is the whole point of globaliation - to even out the economies - our nation's leaders want wages to fall so we can compete with China, etc. and to redistribute wealth.

Globalisation is Marxism.

[freebilly]

Calif has lovely roads

Really? Where?

[freebilly]

BTW, I lived on the Cape in my youth. Eastern Mass has crap roadways....

[ran15]

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?

The thing about economies is demand isn't static. When things become cheaper because of immigrants or automation, people simply demand more. Its a never ending cycle, which is why regardless of how efficient we get, how many immigrants we let in, or how much we buy things from China, there is still jobs if we want them.

[Destro]

Wages were in fact up but they did not keep up with inflation for the first three months.

Cognitive dissonance on your part. What you described is a defacto fall in real wages.

[A. Pole]

We live in the richest society that has ever existed, irrespective of what this article says.

No, Luxemburg is richer and there are some others. Also in median income there are several countries ahead.

[rahbert]

Hwy 17 ! ;-)

[Destro]

The manufacturing and technological capacity of America has been raped by the politicians and CEOs. What remains is a finance-based economy. It won't last forever.

What we have is a usury based economy. We produce nothing increasingly for nothing.

[biblewonk]

Well, we live in the richest time for America.

[tortoise]

Huh? Calif has lovely roads.

Huh? California has the worst roads in the West.

And there is no excuse either. They pay 10-20x as much per mile per year on Interstates as surrounding states for crappier highways. Any way you measure it, California wastes extraordinary amounts of money on its roads. Of course, the problem is that the grossly overpaid CalTrans unions use the state government like their bitch, and having worked with CalTrans on occasion I can say they are the laziest, most corrupt, and most grossly inefficient government bureaucracy I have ever had the displeasure of working with.