Bump
Things are Swell!! Things are Great!! We have Nothing to Hit but the Heights!!
All that this shows is that their is a divergence between one method of calculating inflation and how wage and benefit increases are calculated.
Free-trade, open borders bump!!!!
Chill out people. This is a survey from the Financial Times, not a US Government Statistical release. Tax receipts are booming (on Monday it was announced the budget deficit for 2005 will be at least $55 billion less than projected three months ago). That is a far more accurate link to incomes.
Tax receipts can't rise that fast without income growth. Just today CNN/Money released an article talking about the return of hiring for higher paying jobs, the best numbers in their report for four years.
Financial Times is not even an American paper, take this with a grain of salt.
I wonder how the wages are tracking in China and India..
The unemployment rate is at 5.2%......the lowest in memory and all we get is whine whine whine.
The unemployment rate is at 5.2%......the lowest in memory and all we get is whine whine whine.
Who was the president in 1991? Someone can refresh my memory?
Employment is great. Witness the FReepers stampeding to post this article.
I don't even take note of this crap anymore.
Really, it's waste of time.
According to a "study" or a "research paper" (Covering a small window in time and excluding all other time periods that don't fit into/feed the right data for the desired predetermined outcome), our real wages are sinking. OMG, I'm really nervous now!
All these "studies" and all their findings are really confusing me. I still haven't figured out if I should eat butter or Margin? Is caffeine OK or really bad? What about the pill? What did this "study" find again? Ah, yea this article was on the acid rain studies and how all our forest will be dead by 2000. Or was it the “we’ll be out of global oil reserves by 2000” study? Really, these studies confuse me. Why was there this fixation on the year 2000 by all these green groups? Did God create the Earth and say "If you're bad I'll have your oil run out on 1 JAN 2000 at 00:00:01"? Really? What is the probability that with some random number of trillion barrels of global oil reserves, 4.5 billion years of this planet being around, some un-programmed level of oil consumption over several hundred years-causing all the worlds oil to run dry by 2000 sharp? Did they get their facts form “The Hitchhikers Guide to Environmentalism?”
Anyway-back on topic,
Did you now we have a "jobless economic recovery" according to the MSM? No, really! Weird how unemployment is AT FIVE POINT TWO PERCENT and the MSM talks of a “jobless economic recovery”? Again, that’s Five (5) Point (.) Two (2) Percent (%) unemployed in these hard desperate jobless times when real wages are dropping (Only if you look between some certain dates-the fine print of the article).
So, I was told automation would replace workers and we’d all be unemployed because we’ll loose our factory jobs (1970-1985 or so) at the assembly plant. Now we have millions working in the IT industry and some are telling me that everyone will loose their job again. According to several “studies” in the past, our real wages were dropping and America was getting poorer than ever. Wait, are we recycling themes here in a round about way? No way. As Ronald Reagan once asked the American people “Are you better off today than four years ago?”, I’d like to ask- “Are we worse off than 5.4 years ago?” Truth is, even if we complain and want more and better (That’s a good thing!), our standard of living over time as gone up and up in the long run. Despite all the “jobless recoveries”, “working poor”, “decline in real wages” and and and it at least SEEMS or APPEARS to me (But I can only really remember back to about 1978) that over time things have been getting at least a little better. But that’s a personal perspective and not a conclusive, hard, indisputable, empirical, factual, “study”.
Red6
Bush...
BUMP