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In 2005, US Economy Lost 51,000 Manufcturing Jobs and Wages Lagged Inflation
AmericanEconomicAlert.org ^ | Thursday, January 12, 2006 | Professor Peter Morici

Posted on 01/13/2006 6:50:55 AM PST by Willie Green

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To: ex-Texan
Did you note see my request that one of your sources NOT be your site?

And if foreign companies are taking over the mortgage business, why is the mob letting them do it? All your previous post claim the mob was taking it over.

61 posted on 01/13/2006 7:56:22 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Willie Green

Some things never change. As Red (from that 70's show says), "You're a Dumb-Ass!

LLS


62 posted on 01/13/2006 7:56:25 AM PST by LibLieSlayer (Preserve America... kill terrorists... destroy dims!)
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To: in hoc signo vinces

You're complaining about entitlements. Just listing some of them for you.


63 posted on 01/13/2006 7:58:13 AM PST by hedgetrimmer
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To: in hoc signo vinces
government policy of entitlement to spur economic development

Not a stretch at all. Instead of limiting the taxpayers entitlement liability to our own country, the "free traders" take it a giant step forward and give entitlement benefits to the whole world. The American taxpayer is doomed, and it affects our economy significantly.
64 posted on 01/13/2006 8:00:38 AM PST by hedgetrimmer
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To: Phantom Lord

"I will grant them they can blame government for this as the government sets price minimums that dairy products can be sold for and they are periodically increased."

Yeah, I probably shouldn't have chosen "cheese" off the top of my head.


65 posted on 01/13/2006 8:03:14 AM PST by L98Fiero
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To: hedgetrimmer


You're comparing oranges to apples.


66 posted on 01/13/2006 8:06:37 AM PST by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis.")
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To: in hoc signo vinces
You're comparing oranges to apples

Are you saying this because you only favor of "free trader" entitlements?
67 posted on 01/13/2006 8:11:19 AM PST by hedgetrimmer
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To: hedgetrimmer


Nope, what I am argueing is in regard to an actual "individual's" feeling of "entitlement". To me, what you propose is "not" an "entitlement" as much as you wish to define it as such, thus apples and oranges. There's no equivocation.

People beleiving they're personally "entitled" to high pay a good job etc...without looking or makeing the opportunity happen for themselves is a far cry from the government offering assistance to spur economic growth in developing markets so that eventually those developing markets will be able to afford American products. (i.e. India buying Boeing aircraft...etc.)


68 posted on 01/13/2006 8:21:55 AM PST by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis.")
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To: Willie Green

Willie, if you are not taking it to the bank in 2006 you never will.


69 posted on 01/13/2006 8:32:09 AM PST by robomurph
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To: TXBSAFH
People where I work feel the same as you do. Salaries have been 0.5 to 1.0 percentage points under inflation for the last 4 years. Health insurance costs have gone up dramatically. For two of those years, take home pay, even after raises, has gone down because of health insurance costs. Add to that raises less than inflation and people are getting squeezed. Home owners insurance just doubled for most people here in FL. It is difficult. Changing jobs is a good idea, but the ratio of upwardly mobile positions (with greater paychecks) are small compared to the number of people seeking upward mobility. My company cannot even attract the engineers and scientists we need to our location because wages aren't high enough for the inflated housing market. The only bright side is that my employer increased bonuses by about 40% so there is some bright outlook as long as the company does exceedingly well. But bonuses cannot be relied upon as steady income.

The bottom line is that if people are making less and less compared to inflation, there is less disposable income available for consumption and the system will reach a breaking point. The only bright side is that increasing cheaper imports from China is somewhat of a relief. But that also feeds the negative feedback loop. The cheaper goods cause more job losses in the U.S., and puts more downward pressure on wages. Eventually, the price drops will not be made up for the loss in wages and even Chinese goods will beome less affordable.

70 posted on 01/13/2006 8:40:04 AM PST by doc30 (Democrats are to morals what and Etch-A-Sketch is to Art.)
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To: Phantom Lord

I can give some anecdotal evidence for FL. Housing prices have skyrocketed. The locals cannot afford to buy into the market any more. A lot of the homes are bought by out-of-state people, by speculators and a lot of wealthy Europeans looking for vacation homes. A pension from someone living in NYC will make ends meet there, but will let you live well in FL.


71 posted on 01/13/2006 8:43:10 AM PST by doc30 (Democrats are to morals what and Etch-A-Sketch is to Art.)
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To: doc30

A few months ago Walmart of all groups called for an increase in the minimum wage for this reason. When they are worried htat the cheap plastic crap they sell will become out of the reach of consumers then we should all take notice.


72 posted on 01/13/2006 8:44:25 AM PST by TXBSAFH ("I would rather be a free man in my grave then living as a puppet or a slave." - Jimmy Cliff)
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To: in hoc signo vinces
"Least developed countries" have been told by the WTO that they are entitled to money and advantage from "rich countries", which means our government giving away tax dollars to them.

Taxes are to fund our own government, not to enrich the biggest welfare cheats in the history of the world, the transnational corporations and their pet project "least developed countries". To try to couch this theft of taxpayer money in any other terms is disingenuous
73 posted on 01/13/2006 8:50:08 AM PST by hedgetrimmer
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To: TXBSAFH

That decision by Wal-Mart was part of a war of attrition with it's competitors. Wal Mart could better afford an increase in minimum wage compared to some of it's competitors.


74 posted on 01/13/2006 8:50:36 AM PST by doc30 (Democrats are to morals what and Etch-A-Sketch is to Art.)
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To: Willie Green
Wage increases were moderate, despite fears that labor markets are too tight.

That's the problem right there. There should never be any fear of tight labor markets. That way workers will get higher wages when they are in greater demand. Otherwise, the Federal Reserve will react out of fear, cause a recession, and people won't get the higher wages they deserve, especially for greater productivity.

75 posted on 01/13/2006 8:54:03 AM PST by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: Phantom Lord
The overall US economy is doing quite well.

No. The truth is that the Bush Administration has maintained an illusion of prosperity with in excess of $2 Trillion of deficit spending. This fiscal irresponsiblity conceals the fact that our wealth-creating industries are being systematicly downsized and relocated offshore, sacrificing the long term national security of the American People.

There is little doubt that George Bush is conducting economic warfare against the prosperity of the American Middle Class.

"The prohibiting duties we lay on all articles of foreign manufacture which prudence requires us to establish at home, with the patriotic determination of every good citizen to use no foreign article which can be made within ourselves without regard to difference of price, secures us against a relapse into foreign dependency."

--Thomas Jefferson to Jean Baptiste Say, 1815.

"I am one of those who do not believe that a national debt is a national blessing, but rather a curse to a republic; inasmuch as it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country."

-- President Andrew Jackson - (1824)


76 posted on 01/13/2006 8:54:25 AM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green

If wages are lagging inflation, then that must mean wages don't cause inflation. How long before the elite economists and politicians figure that out?


77 posted on 01/13/2006 8:55:31 AM PST by Moonman62 (Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
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To: Willie Green

Women, children and minorities hurt worst.

You forgot that in your post , Willie.


78 posted on 01/13/2006 8:55:50 AM PST by The South Texan (The Democrat Party and the leftist (ABCCBSNBCCNN NYLATIMES)media are a criminal enterprise!)
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To: Willie Green

GDP growth, low unemployment, record home ownership, and low interest rates say otherwise Willie.


79 posted on 01/13/2006 8:57:40 AM PST by Phantom Lord (Fall on to your knees for the Phantom Lord)
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To: Reaganesque
Ouch, smacked with his own tagline.
80 posted on 01/13/2006 9:00:56 AM PST by Toddsterpatriot (Stop associating with Commies and we'll stop mentioning that you associate with Commies.)
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