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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: RWR8189
I've been looking into this since Friday. I was very unnerved to find that not only has the Birth/Death adjustment been in place since only 2001 and with this adjustment previous admins would have shown far more job growth than they did but that we switched from the standard job counting model that we once used in the early 80's that would show approx he same unemployment as Europe. I can't believe it but apparently unlike Europe we don't count people as unemployed after a certain time frame where they continue counting them. I fell like someone has been blowing sunshine up my skirt for a long time. What in the world does this mean for the real value of my investments in equities? I think Im selling some if not all this week. Anyone have advice?
To: Fledermaus
Both factors are different for every person because of individual choices made. Bingo!
If a person is willing to accept the wages, then they must live with it. It is a free country, a person is free to go seek another job, start their own business, or be an entrepreneur. I myself prefer commission sales.
82
posted on
05/10/2005 7:55:52 PM PDT
by
Trteamer
( (Eat Meat, Wear Fur, Own Guns, FReep Leftists, Drive an SUV, Drill A.N.W.R., Drill the Gulf, Vote)
To: neutrino
Give this man a ceegar!
3 yeas ago I was a 20 year professional computer consultant at $45/hr. My job disappeared and so has my income and any taxes paid.
You'll find many in this forum who will say that I need to suck it in and take a McDonalds job, but that doesn't pay my bills nor pay the taxes on the same level as I have for 20 years.
They'll never convince me that this offshoring/h1b/illegal vicious cycle is all hot air and non-existent.
I'm looking to dump the American computer market as quickly as it dumped me.
83
posted on
05/10/2005 7:56:22 PM PDT
by
America's Resolve
(Liberal Democrats are liars, cheats and thieves with no morals, scruples, ethics or honor!)
To: motzman; Nowhere Man
Slaves don't make quality products. Slaves don't innovate. They do when traitorous administrations have insured that those countries recieved the fruits of our technological research while acceeding to their overlord's every demand at the Trade table. If our country was caught in a another global conflict we'd be totally screwed because our entire manufacturing base has been outsourced. That's a drop from Superpower to supremely dependent customer.
Somebody should be feeling his own pain.
To: 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) You might want to look up the word fungible in the dictionary. Then naive.
To: Trteamer
It is a free country LOL! Free country, my ass.
86
posted on
05/10/2005 8:31:40 PM PDT
by
Mulder
(“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
To: A. Pole; Adam Selene
Cheaper labor bump! Falling wages is one of the many signs of our falling economy and corresponding integration into a North American Union.
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.
87
posted on
05/10/2005 8:34:58 PM PDT
by
Mulder
(“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
To: America's Resolve
the first place I will look for new employment when I lose my tech job is government - let the free traders pay my way.
To: NewRomeTacitus
They do when traitorous administrations have insured that those countries recieved the fruits of our technological research while acceeding to their overlord's every demand at the Trade table. If our country was caught in a another global conflict we'd be totally screwed because our entire manufacturing base has been outsourced. That's a drop from Superpower to supremely dependent customer.
Somebody should be feeling his own pain.
I know, you sound like my grandmother, "when our jobs are gone and we don't make anything, if we get in a war, we will be in trouble." She's right.
That reminds me, while watching "Adult Swim," I caught an episode of "The Oblongs" (a cartoon where a mutant family lives near a waste dump, the father has no legs or arms) where they went to a corporate amusement park and one of the rides was based loosely on the "It's a Small World" ride from Disney excepted it featured Asian kids in their country as slave labor wearing coolie hats with guys standing over them holding AK-47's. They showed Red Chinese kids, same coolie hats, AK-47's, then Vietnam, same thing and so on. I busted out laughing and then when I thought about it, it was dead on, kind of sad, but that cartoon was on the mark.
To: Mulder
LOL! Free country, my ass.It is up to your own personal decisions that decide if you are successful in this country. Name a country that has more freedom than America.
90
posted on
05/10/2005 8:47:50 PM PDT
by
Trteamer
( (Eat Meat, Wear Fur, Own Guns, FReep Leftists, Drive an SUV, Drill A.N.W.R., Drill the Gulf, Vote)
To: Trteamer
Name a country that has more freedom than America. Let us look at India for example. Why do you think that India is less free?
91
posted on
05/10/2005 8:49:34 PM PDT
by
A. Pole
(Ukrainian proverb: "Iak buly moskali, buv khlib na stoli, a iak bude Ukraina, bude bida po kolina")
To: morque2001
Thanx for that pdf.... if I'm readin this right, it says 14.97 % of all revenues from all sources come from General Fund Appropriations
what is(are?) General Fund Appropriations ?
92
posted on
05/10/2005 8:50:41 PM PDT
by
stylin19a
( Social Security...neither social nor secure.)
To: oceanview
the first place I will look for new employment when I lose my tech job is government - let the free traders pay my way.
Hey, why not, it might be the only place hiring with a decent wage, sad to say. B-P
93
posted on
05/10/2005 8:50:52 PM PDT
by
Nowhere Man
(Lutheran, Conservative, Neo-Victorian/Edwardian, Michael Savage in '08! - Any Questions?)
To: jimfrommaine
what about reforming civil service pension plans to reflect what the general society can expect?...
we all know that every budget problem in the US can be traced to skyrocketing medical and pensions benefits.....
if we do that, we CAN reduce taxation and improve the prospects of SS much more easily.....
94
posted on
05/10/2005 8:52:28 PM PDT
by
cherry
To: oceanview
just like AMEX sent me that check from the savings they reaped when they offshored customer support from Phoenix to lower cost workers in India.If only you were a shareholder instead of a customer.
95
posted on
05/10/2005 8:55:30 PM PDT
by
Toddsterpatriot
(If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
To: A. Pole
Let us look at India for example. Why do you think that India is less free?Are you serious? Do they have a Bill of Rights? Doesn't India have some sort of cast system in place (racism). Aren't they still pulling carts with donkeys?
One down, got more?
96
posted on
05/10/2005 8:56:43 PM PDT
by
Trteamer
( (Eat Meat, Wear Fur, Own Guns, FReep Leftists, Drive an SUV, Drill A.N.W.R., Drill the Gulf, Vote)
To: Trteamer
It is up to your own personal decisions that decide if you are successful in this country. When the government/korporate power structure controls 50%+ of the money in this country, that is an absurd statement to defend.
Name a country that has more freedom than America
There isn't one. I never claimed there was.
This is *not* a Free country. But it is less unfree than any other country, and certainly closer to the ideal than any other country.
97
posted on
05/10/2005 8:58:13 PM PDT
by
Mulder
(“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
To: A. Pole
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. Totally outsourced? I thought we had over 14 million employed in manufacturing. Did they get laid off over the weekend?
Employment Situation Summary
99
posted on
05/10/2005 9:03:46 PM PDT
by
Toddsterpatriot
(If you agree with Karl Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
To: Trteamer
Do they have a Bill of Rights? No, but does USA has Magna Carta?
Seriously, can you give example of the freedoms that Americans have and Indians do not? Can Indians travel to every country they wish or cannnot? Can they start a newspaper if the want? Can they smoke tobacco? Do they have freedom of speech?
Doesn't India have some sort of cast system in place (racism).
Cast system is not a legal institution - it is a custom and is not everywhere followed.
100
posted on
05/10/2005 9:03:59 PM 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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