Byrd droppings (Is George Allen anti free trade?)

Truth about Trade and Technology ^

[TXBSAFH]

According to the Dept of Labor own stats the wages adjusted for inflation have dropped a little over 2% in the past 2 years.

[traviskicks]

thanks for posting this and thanks for the ping. Certainly some cause for concern, although I'd need to read more about it. I'd like to see Sen. Allen's reasoning and statements about this...

[Toddsterpatriot]

According to the Dept of Labor own stats the wages adjusted for inflation have dropped a little over 2% in the past 2 years.

No link? How have wages done since your article in 1995?

[Leonine]

REAL WAGES 1964-2004 Average Weekly Earnings (in 1982 constant dollars) For all private nonfarm workers

Year Real$ Change

1964 302.52

1965 310.46 2.62%

1966 312.83 0.76%

1967 311.30 -0.49%

1968 315.37 1.31%

1969 316.93 0.49%

1970 312.94 -1.26%

1971 318.05 1.63%

1972 331.59 4.26%

1973 331.39 -0.06%

1974 314.94 -4.96%

1975 305.16 -3.11%

1976 309.61 1.46%

1977 310.99 0.45%

1978 310.41 -0.19%

1979 298.87 -3.72%

1980 281.27 -5.89%

1981 277.35 -1.39%

1982 272.74 -1.66%

1983 277.50 1.75%

1984 279.22 0.62%

1985 276.23 -1.07%

1986 276.11 -0.04%

1987 272.88 -1.17%

1988 270.32 -0.94%

1989 267.27 -1.13%

1990 262.43 -1.81%

1991 258.34 -1.56%

1992 257.95 -0.15%

1993 258.12 0.07%

1994 259.97 0.72%

1995 258.43 -0.59%

1996 259.58 0.44%

1997 265.22 2.17%

1998 271.87 2.51%

1999 274.64 1.02%

2000 275.62 0.36%

2001 275.38 -0.09%

2002 278.91 1.28%

2003 279.94 0.37%

2004 277.57 -0.84%

Source: U.S. Bureau of Labor Statistics

[Toddsterpatriot]

Hmmm....up 7.4% since 1995. I guess TXBSAFH was wrong about the last 2 years. Thanks.

[Leonine]

About the same as Reagan's first term, though.

[GeorgeW23225]

Free Trade isn't the problem.

Labor Unions are!!

[GeorgeW23225]

Right you are, and I agree.

Artificially high prices = Labor Unions!!

[GeorgeW23225]

I suggest you invest a few dollars and get a book on economics, written by Milton Friedman or Dr. Walter Williams.

Free Trade isn't the problem. Labor Unions are the problem.

Artificially high prices = Labor Unions.

[GeorgeW23225]

Trickle Up theory??? You're kidding, aren't you.

You forgot one VERY important point. If wages go up, so do the prices of the manufactured products. Everyone loses. And your so called "boat" sinks.

[Leonine]

We sure are making a lot less than in the 60's and 70's. Since the Inter-American Convention on International Commercial Arbitration launched the U.S. into modern free trade on January 30 (not 13), 1975, real wages have declined more than 10%. Here's the treaty that started it all:

http://natlaw.com/treaties/global/global/global54.htm

[GeorgeW23225]

Good answer!!

Too bad only the people here who understand economics will get your point!!

[Toddsterpatriot]

You have the link for these numbers?

[Leonine]

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

[Toddsterpatriot]

Labor Research Association is a New York City-based non-profit research and advocacy organization that provides research and educational services for trade unions.

Couldn't find any info from CPUSA? Do you have real data, direct from the BLS? Or has all your info been touched by left wing union types?

[Leonine]

http://www.bls.gov/opub/mlr/2005/05/art1full.pdf
Chart 4 contains the same data expanded over quarters, but it is limited to 1980-2003.

[Toddsterpatriot]

This data is from a better source but % change isn't the same as the weekly numbers from your left wing source. You have another link?

[Dan from Michigan]

George, That's a good way to GAIN my vote.

[Leonine]

"This data is from a better source but % change isn't the same as the weekly numbers..."

This data is from the source you requested--the Bureau of Labor Statistics. I'm way ahead of you. I've already checked the numbers. The numbers are precisely the same. Perhaps you're having difficulty in reading the chart?

[Toddsterpatriot]

I've already checked the numbers.

Perhaps you can provide the link that you checked the union numbers against?