Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

BLS: Real Wages Declined in 3rd Quarter; Down 3.2% Under Obama
Cybercast News Service ^ | November 1, 2013 - 10:47 AM | Terence P. Jeffrey

Posted on 11/01/2013 11:22:08 AM PDT by Olog-hai

The real median earnings of both men and women dropped in the third quarter of 2013 and are down 3.2 percent since President Barack Obama took office in the first quarter of 2009, according to data released today by the Bureau of Labor Statistics.

In non-inflation-adjusted dollars, Americans who worked full-time for a wage or salary had median usual weekly earnings of $775 in second quarter of 2013 and $777 in the third quarter. In current dollars that was $2-per-week increase. However, when adjusted for inflation, median earnings actually declined from the second to the third quarter, according to BLS. …

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: inflation; liberalagenda; obama; realwages
Navigation: use the links below to view more comments.
first previous 1-2021-36 last
To: ex-snook

Hey, I have an idea: let’s have the government create a healthcare system to help only those who do not have health insurance, or have pre-existing conditions . . . what could possibly go wrong?


21 posted on 11/01/2013 12:30:37 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 19 | View Replies]

To: null and void
"Yes, but the products made here will still have the full weight of US government taxes and regulations bearing down on their every move"

Well put the same taxes and regulations on imports so that American companies are not penalized. No free rides for imports.

22 posted on 11/01/2013 12:36:21 PM PDT by ex-snook (God is Love)
[ Post Reply | Private Reply | To 20 | View Replies]

To: ex-snook

EXCELLENT!!!

The solution for an over-bloated and over reaching oppressive government is to expand and extend that government’s over reach world wide!

BRILLIANT!!!

Let no peasant in any corner of the world be free from America’s crushing power!

All Hail Obama!


23 posted on 11/01/2013 12:44:56 PM PDT by null and void (I'm betting on an Obama Trifecta: A Nobel Peace Prize, an Impeachment, AND a War Crimes Trial...)
[ Post Reply | Private Reply | To 22 | View Replies]

To: tcrlaf
"That horse already left the gate, long ago."

That horse left about 40 years ago when we lowered the tarriffs that server our country well it's first 190 years. It's not too late to bring that horse back, but public education has to be done. A lot of people are already figuring it out.

Until we are willing to address WHY the jobs left America in the first place, you just wasting air....

The only reason they left is that there was cheaper labor elsewhere. Raise the import tariffs and they will come back.

You can eliminate all regulations and taxes and we still couldn't compete against Chinese labor that is willing to work 12 hour days for $2/day.

The question is why should be compete against cheap Chinese labor when we don't have to. If there were enough jobs in our own economy it would make sense to offshore some of the less valuable jobs to China. But we have high unemployment.

What's more, China doesn't allow the funds we send over there to buy U.S. trade goods. They gather the funds through taxes and through state owned firms. And then instead of buying U.S. trade goods, they buy U.S. manufacturing firms and U.S. debt. Raise the import tariffs and that will come to an end.

24 posted on 11/01/2013 1:09:32 PM PDT by DannyTN
[ Post Reply | Private Reply | To 18 | View Replies]

To: DannyTN

I’m just curious—do you have a Five Year Plan? I’d be interested to see it.


25 posted on 11/01/2013 1:27:56 PM PDT by 1rudeboy
[ Post Reply | Private Reply | To 24 | View Replies]

To: DannyTN
You can eliminate all regulations and taxes and we still couldn't compete against Chinese labor that is willing to work 12 hour days for $2/day.

If you can't compete with a barefoot Chinese farm worker who just moved to the city, I don't think tariffs will help you.

26 posted on 11/01/2013 2:27:19 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: Toddsterpatriot

Chinese companies bringing in H1B’s for $1.50 an hour might have a little something to do with this.


27 posted on 11/01/2013 2:28:10 PM PDT by GeronL
[ Post Reply | Private Reply | To 26 | View Replies]

To: Toddsterpatriot
"If you can't compete with a barefoot Chinese farm worker who just moved to the city, I don't think tariffs will help you."

Why wouldn't they? It's very simple. You raise the tariff. The barefoot chinese worker loses his job, an American gains one. Yes the product cost more now, but Americans are employed and can now afford to buy the produce, where before they were unemployed and couldn't even afford the cheap product.

28 posted on 11/01/2013 2:30:24 PM PDT by DannyTN
[ Post Reply | Private Reply | To 26 | View Replies]

To: DannyTN
Why wouldn't they? It's very simple. You raise the tariff. The barefoot chinese worker loses his job, an American gains one.

What American industry/worker is competing with a $0.16 hour Chinese worker? Be specific.

29 posted on 11/01/2013 2:40:07 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Toddsterpatriot
What American industry/worker is competing with a $0.16 hour Chinese worker? Be specific.

All of them. Every single industry and every single worker is competing against chinese workers at $0.16/hour.

There are other factors to consider. But every industry, every business has to decide whether to off-shore or not. For many the choice is whether to off-shore or go out of business, because your competitors either already have or will off-shore soon.

30 posted on 11/01/2013 2:56:21 PM PDT by DannyTN
[ Post Reply | Private Reply | To 29 | View Replies]

To: DannyTN
Surprisingly, your numbers are off by an order of magnitude, at least.

http://www.bls.gov/ilc/china.htm#data_tables

31 posted on 11/01/2013 3:18:42 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Toddsterpatriot
You see different numbers depending on whether they are trying to lure your business or convince your country not to take protective measures.

As long as the stores are full of Chinese goods and Americans are unemployed. I'll be saying "Raise the import tariffs".

Even if China catches up to us in wages, as long as the stores are full of their goods and Americans are unemployed, I'll be saying "Raise the import tariffs."

32 posted on 11/01/2013 5:44:55 PM PDT by DannyTN
[ Post Reply | Private Reply | To 31 | View Replies]

To: DannyTN

I see you are fighting the progressive brainwashed income tax loving anti freedom loving tariff hating butt wipes again. Good show, carry on.


33 posted on 11/01/2013 5:48:19 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Toddsterpatriot
Those averages are also skewed. Survey in China shows wide income gap
34 posted on 11/01/2013 5:51:41 PM PDT by DannyTN
[ Post Reply | Private Reply | To 31 | View Replies]

To: Olog-hai; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Olog-hai.

The Obama Tax Hike

to go with

The Obama Recession


35 posted on 11/01/2013 7:35:36 PM PDT by SunkenCiv (http://www.freerepublic.com/~mestamachine/)
[ Post Reply | Private Reply | View Replies]

To: alloysteel; Olog-hai; SunkenCiv

3.2 percent? Is that all? Big deal, under Obama, my wages went down 100 percent! I haven’t had a job for most of the past three years.


36 posted on 11/01/2013 8:55:16 PM PDT by Berosus (I wish I had as much faith in God as liberals have in government.)
[ Post Reply | Private Reply | To 9 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-36 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson