Posted on 09/05/2006 9:16:54 AM PDT by Reagan Man
Sorry, I posted before I finished. In that link I posted, notice the second paragraph. Also, here's the information on the 7% wage increase: http://www.businessandmedia.org/articles/2006/20060831113629.aspx
Murdering people for being wealthy? Isn't that rather Leninist?
What an idiotic statement.
I agree with you, Howlin. Whenever we lose ground, we - well - lose ground. And we never make it up, despite what Buchanites say. We get voted out of office. The Dems pass a bunch of crap. We get back into office and repeal very little if at all.
Yep. That plan worked really well in Cuba, Soviet Union, Zimbabwe, Mexico, France, etc.
You are an idiot if you think a third party or the democrats will win or be an improvement.
Not only are you an idiot, but you are a QUITTER AND A PESSIMIST.
My thoughts exactly!
YUP
Excuse me if I don't believe the Wall Street Journal, since Wall Street has been the only beneficiary of Demopublican-Republicratic rule.
The Bureau of Labor Statistics shows real average weekly earnings stagnate or down for both full-time and part-time workers holding production or nonsupervisory jobs.
Of course, this does not take into account that the federal government cooks the inflation numbers to make things look better than they are.
ftp://ftp.bls.gov/pub/news.release/History/realer.08162006.news
Well said!
Hello, it is not the parties, it is the people.
You need to convince the people to change. Without changing the people's minds first, any new party will be an unimportant side show.
LOL, you dismiss one of the world's most respected newspapers and financial sources? Come on. That doesn't do much for your credibility. They are merely reporting income data readily available anywhere which you can find using Google to verify through other sources. The Wall Street Journal isn't the only one reporting this data. To deny the facts because they don't suit your argument is adopting a common tactic used by liberals. Why would you fall into such intellectual dishonesty?
No, you apparently prefer to believe the spin of a demagogue like Pat Buchanan rather than the world's most respected financial and economic reporting sources, the Wall Street Journal.
Here's more verification of the rise in incomes. Feel free to verify this data, all over the news today, in any news source of your liking. The figures don't lie. Patty Boy does:
Second-Quarter Labor Costs Jump 4.9%
As Productivity Growth Is Revised Up
By BRIAN BLACKSTONE
September 6, 2006 10:21 a.m.
WASHINGTON -- U.S. productivity growth was revised higher in the second quarter, but labor costs soared at their fastest annual rate since 1990, suggesting that the U.S. economy isn't out of the woods yet on inflation.
Nonfarm business sector productivity increased 1.6% in the second quarter, matching expectations, after rising 4.3% in the first quarter, the Labor Department said Wednesday. Previous estimates had showed a 1.1% rise in second quarter productivity.
Unit labor costs -- a key gauge of inflationary pressures -- rose by 4.9%, up from the previous estimate of a 4.2% increase and above the 4.1% rate economists had expected. Labor costs in the first quarter soared 9%, up from a previous estimate of a 2.5% rise and the fastest increase since the third quarter of 2000. Compared to a year ago, labor costs increased 5%, the fastest pace since the fourth quarter of 1990.
Productivity is defined as output per hours worked. Some upward revision to second quarter productivity was expected on the heels of revised estimates of second quarter gross domestic product released late last month. The Commerce Department said GDP advanced at a 2.9% pace last quarter, up from its previous estimate of a 2.5% rise.
The median estimate of economists surveyed by Dow Jones Newswires and CNBC was for productivity to rise at a 1.6% rate in the second quarter.
Labor is considered the most important input cost to production. Higher labor costs must be either passed through by a company in the form of higher prices to its customers or absorbed in the firm's profit margins.
Thus, productivity is key to how fast the economy can operate without generating inflationary pressures, and makes the Federal Reserve's job of balancing low inflation with sustainable growth easier. And despite the second quarter slowdown, Fed Chairman Ben Bernanke seems optimistic about productivity's longer-term trend. "A case can be made that the strong productivity growth of the post-1995 era is likely to continue for some time," Mr. Bernanke said in a speech last week.
The Fed last month kept interest rates steady for the first time in over two years, and is expected to keep the Fed funds rate at 5.25% again when it meets later this month amid signs that the labor market and housing sector are weakening.
Still, signs of rising labor costs could bolster the argument of officials who may want higher rates to stem price pressures. Last month, Richmond Fed President Jeffrey Lacker voted against the decision to keep rates steady, saying he preferred another increase.
Nonfarm business output grew 3.1% April through June, according to the Labor Department report. Hours worked rose by 1.5%. Hourly compensation climbed 6.6%. Real compensation, adjusted for inflation, increased 1.6%.
Write to Brian Blackstone at brian.blackstone@dowjones.com
LOL, you dismiss one of the world's most respected newspapers and financial sources? Come on. That doesn't do much for your credibility. They are merely reporting income data readily available anywhere which you can find using Google to verify through other sources. The Wall Street Journal isn't the only one reporting this data. To deny the facts because they don't suit your argument is adopting a common tactic used by liberals. Why would you fall into such intellectual dishonesty?
No, you apparently prefer to believe the spin of a demagogue like Pat Buchanan rather than the world's most respected financial and economic reporting sources, the Wall Street Journal.
Here's more verification of the rise in incomes. Feel free to verify this data, all over the news today, in any news source of your liking. The figures don't lie. Patty Boy does:
Second-Quarter Labor Costs Jump 4.9%
As Productivity Growth Is Revised Up
By BRIAN BLACKSTONE
September 6, 2006 10:21 a.m.
WASHINGTON -- U.S. productivity growth was revised higher in the second quarter, but labor costs soared at their fastest annual rate since 1990, suggesting that the U.S. economy isn't out of the woods yet on inflation.
Nonfarm business sector productivity increased 1.6% in the second quarter, matching expectations, after rising 4.3% in the first quarter, the Labor Department said Wednesday. Previous estimates had showed a 1.1% rise in second quarter productivity.
Unit labor costs -- a key gauge of inflationary pressures -- rose by 4.9%, up from the previous estimate of a 4.2% increase and above the 4.1% rate economists had expected. Labor costs in the first quarter soared 9%, up from a previous estimate of a 2.5% rise and the fastest increase since the third quarter of 2000. Compared to a year ago, labor costs increased 5%, the fastest pace since the fourth quarter of 1990.
Productivity is defined as output per hours worked. Some upward revision to second quarter productivity was expected on the heels of revised estimates of second quarter gross domestic product released late last month. The Commerce Department said GDP advanced at a 2.9% pace last quarter, up from its previous estimate of a 2.5% rise.
The median estimate of economists surveyed by Dow Jones Newswires and CNBC was for productivity to rise at a 1.6% rate in the second quarter.
Labor is considered the most important input cost to production. Higher labor costs must be either passed through by a company in the form of higher prices to its customers or absorbed in the firm's profit margins.
Thus, productivity is key to how fast the economy can operate without generating inflationary pressures, and makes the Federal Reserve's job of balancing low inflation with sustainable growth easier. And despite the second quarter slowdown, Fed Chairman Ben Bernanke seems optimistic about productivity's longer-term trend. "A case can be made that the strong productivity growth of the post-1995 era is likely to continue for some time," Mr. Bernanke said in a speech last week.
The Fed last month kept interest rates steady for the first time in over two years, and is expected to keep the Fed funds rate at 5.25% again when it meets later this month amid signs that the labor market and housing sector are weakening.
Still, signs of rising labor costs could bolster the argument of officials who may want higher rates to stem price pressures. Last month, Richmond Fed President Jeffrey Lacker voted against the decision to keep rates steady, saying he preferred another increase.
Nonfarm business output grew 3.1% April through June, according to the Labor Department report. Hours worked rose by 1.5%. Hourly compensation climbed 6.6%. Real compensation, adjusted for inflation, increased 1.6%.
Write to Brian Blackstone at brian.blackstone@dowjones.com
NO, if you had bothered to follow my link, you would see I was referencing ORIGINAL Bureau of Labor Statistics data. You don't need to use MSM or Google if you understand the sources of economic data and how it is collected.
I repeat: REAL wages have been stagnant for middle income people for several years.
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