Real wages fall at fastest rate in 14 years

Financial Times ^ | May 10 2005 | Christopher Swann

[groanup]

The last time real wages grew this slowly was 1991...psst, preceding the great bull market.

http://www.laborresearch.org/charts.php?id=8

[af_vet_rr]

I agree. We all know the solutions to our problems. Cut taxes, regulations, drill for more oil, build refinaries, more legal reforms ect. But the RINO's stand in the way. The conservative base is fed up.

I disagree. The conservative base is not fed up, at least not fed up enough to do anything. I'll even predict we'll elect the same Republican Senators and Reps in 2006, regardless of how far left they may have shifted.

You and I maybe fed up, but we are not the majority in the GOP, not by a long shot.

[Toddsterpatriot]

Great cartoon, because obviously Safeway and WalMart workers are just like slaves and Safeway and WalMart stores are just like slave owners. It's funny though, I don't remember slave owners allowing 40% annual turnover or contributing to 401K plans.

[RWR8189]

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

More than that, the model is not being represented correctly here, see posts 9 and 18

[nickcarraway]

That's not the problem. The avergae voter will be turned off when the problems that usually happen under Democrat gov'ts happen. The Republican advantage is they are backed by the right policies. When they don't follow those policies, events play out just like under Democrat policies.

[af_vet_rr]

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

Pretty soon you won't have to go that far west - Texas has began sliding towards California. We may even one-up you in a few areas - heck, we've got roads that are already paid for, that Republicans are pushing to have turned into toll roads (but they won't call it a double tax!).

We even have a $180 Billion with a capital 'B', boondoggle, that has been farmed out to a European company, and will be managed by Europeans.

[cardinal4]

And who pays to maintain the roads?

How about elimnating state funded abortion? Use that money. How about the billion dollars in aid that goes to Egypt? Use that money. Perhaps eliminating programs that provide free tuition to illegals? Use that money. Maybe cutting funding to those who would put a Crucifix in piss and calling it art? Use that money..

[jimfrommaine]

I suppose we can track this if donations to the RNC decline.

[AdamSelene235]

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

Usually one performs measurements to confirm ones models.

[RWR8189]

In 1999/2000 the unemployment rate dipped below its natural rate, the 4% unemployment and less we saw during that period was not sustainable.

There has been a net creation of 839,000 jobs created since Bush took office, not great, but not all that bad considering the unemployment stands at 5.2%, which is below the average UE rate of 70s, 80s, and 90s.

[velyrorenry]

They'll pass the savings to the consumers, right?
We should see credit card rates fall back to 8% now that bankruptcy reform was passed, no?

[theinwithin]

I know there is a alot of Bush basing regarding this subject but unfortunately he deserves alot of the blame. Illegal aliens are driving wages down with the underground economy and our out of pocket costs for services are rising exponentially.

[Always Right]

Typical Bullcrap reporting by Financial Times. Most of this so-called decrease was in fact the rise in gas prices. Wages were in fact up but they did not keep up with inflation for the first three months. Financial Times as usual blow all this crap out of proportion and goes into their usual fear-monger bullshit. Financial Times is not worthy of wiping my ass with.

[Gritty]

First Headline (page 1A)

WAGES IN FREE FALL!

Second Headline (page 12B):

ILLEGAL ALIENS POUR INTO JOB MARKET AT RECORD RATE

[kaktuskid]

A gas tax is designed to pay for roads, those who use the roads pay for it (ask the truckers, they pay a lot)

[kaktuskid]

I know there is a alot of Bush basing regarding this subject but unfortunately he deserves alot of the blame. Illegal aliens are driving wages down with the underground economy and our out of pocket costs for services are rising exponentially.

We have had illegal problems for years, don't forget the previous tenant in the WH legalized thousands of them to vote-of which a large chunk were criminals.

[kaktuskid]

In 1999/2000 the unemployment rate dipped below its natural rate, the 4% unemployment and less we saw during that period was not sustainable.

There has been a net creation of 839,000 jobs created since Bush took office, not great, but not all that bad considering the unemployment stands at 5.2%, which is below the average UE rate of 70s, 80s, and 90s.



The "growth" of the 90s was always unrealistic, due to the tech/dot.com bubble (aka electronic tulip bulbs)