Real wages fall at fastest rate in 14 years

Financial Times ^ | May 10 2005 | Christopher Swann

[jimfrommaine]

I'd say take it out of congress's pension fund, but that would be mean spirited. A larger weathier tax base means more federal tax receipts. The 40 or 50 billion the federal the loses from suspending the gas tax would be made up in new taxpaying jobs created.
And we need to look at the federal budget as a whole. We lose tens of billions of dollars a year in medicare and medicaid fraud. The vast majority of money spent in D.C. goes to bureaucratic costs. The money is most likely already there. But the politicians don't have the will to get it done.

[Lazamataz]

And who pays to maintain the roads?

Union thugs can work a day for free for a change.

[RetiredArmy]

That does it, we are doomed.

[jimfrommaine]

Let's fire the union workers and use welfare recipients.

[Wristpin]

Yep gas prices are starting to take their toll......Good thing the Dems have blocked every energy initiative during the last 10 years. Another mess to clean up.

[Diddle E. Squat]

Misleading article. IIRC, the wage calculation used doesn't include or undervalues many benefits, commissions, and other non-standard forms of compensation.

[LibertarianInExile]

Or NAFTA, GATT, and the WTO.

Nothing to see here. Please remain calm and go about your business.

[mmercier]

Up to are arses in illegals working for $10,00/hour, and now offering them subsidized health care, who is amazed.

Get used to the idea of "harmonizing" America and the third world, as the only people who will ever appear on any ballot you will ever again see have. Most of your politicians and those who produce what is "news" live in "gated communities", soon most of "us" will be living in what amounts to Mexico city, outside those gates.

As the gremlin in that dumbass movie stated years back, "invest in shotguns and canned food".

The wife says, "suck it up and get used to it". She is probably correct in this regard, as there is no salvation and no option other than acceptance or outright revolution. We are all to afraid to revolt, so likely the nation will simply acquiesce. And don't bother posting the individual "I will never surrender on this issue" crap notes, the country surrendered for you and you will vote in vain to change what is already a foregone conclusion to this issue.

[syriacus]

Yep gas prices are starting to take their toll.

Yep.

[freebilly]

And who pays to maintain the roads?

Come visit California and see what our tax $$$'s don't do....

[RightWhale]

the uneven revival in the labour market

Don't trust any article about the American economy or the American anything that spells labor that way.

[neutrino]

A surfeit of workers and the threat of off-shoring are allowing companies to call the shots on wages.

Um-hmm. Note that the entire wage structure is being degraded. That's the result of sending our jobs to China, India, and elsewhere. It's also a consequence of permitting excessive immigration, both legal and otherwise, as well as H1B and L1 visas.

So when YOUR wages get cut, be sure to give a free traitor an appropriate gesture.

[morque2001]

Why thats easy, the Social Security General Fund does.

Sorry, It really bugs me when people insinuate that money for roads comes from general taxes. The insinuation that roads are also a "form of socialism" is also quite faulty, roads are built and maintained by capitalists. Roads are built with Highway Bonds, a capitalist instrument that pays interest. The bonds and maintenance are paid for through road taxes, registration fees, and gas taxes, ALL USER SUPPORTED. If anything you ever bought came to you on a truck, somewhere a tax was paid specifically on the roads in the price. For more info see here:

http://www.fhwa.dot.gov/policy/ohim/hs02/pdf/hf10.pdf

[NewRomeTacitus]

[Burf]

"Nothing to see here. Please remain calm and go about your business."
But you forgot the part of "And just pay your taxes"

[Toddsterpatriot]

Over 90% of this increase is due to the Birth/Death Model.

And modeling the birth/death of businesses doesn't accurately measure job creation/loss?

[AdamSelene235]

And modeling the birth/death of businesses doesn't accurately measure job creation/loss?

Measuring annd modeling are two different things.

[Toddsterpatriot]

And modeling the birth/death of businesses doesn't accurately measure model job creation/loss?

[dljordan]

"As will cutting all federal regultations. And suspending the gas tax is a good move."

I'll be waiting for that.

[Centurion2000]

Well I know I can thank Capital One for eliminating a boatload of really high paying jobs in the IT sector for these last couple of quarters.