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  #1  
Old 09-08-2014, 06:01 PM
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Tom Joad Tom Joad is offline
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US job market's lingering weak spot: Stagnant pay

In other words s long as you are willing to work for shit wages you have a chance of finding a job.

So if you are unemployed go out and get one of those jobs that doesn't pay enough to put you in a taxable income bracket and maybe we can get that 47% "takers" number up over the 50% mark.

http://finance.yahoo.com/news/us-job...183622424.html
Quote:
WASHINGTON (AP) — The U.S. job market has steadily improved by pretty much every gauge except the one Americans probably care about most: Pay.

The unemployment rate has sunk to a nearly normal 6.1 percent. Employers have added a robust 2.5 million jobs the past 12 months. Layoffs have tumbled.

Yet most people are still waiting for a decent raise. Friday's August jobs report confirmed that average hourly pay has crept up only about 2 percent a year since the recession ended five years ago — barely above inflation and far below the gains in most recoveries.
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Old 09-13-2014, 12:29 PM
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Ah but Tom you and I provide them with food stamps to supplement those shitty wages.
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Old 09-13-2014, 12:52 PM
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Originally Posted by merrylander View Post
Ah but Tom you and I provide them with food stamps to supplement those shitty wages.
Yep. We get to subsidize Walmart's wage slaves.
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Old 09-13-2014, 01:29 PM
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Outsourcing and immigration, both legal and illegal have severely constrained
wages.

Last edited by Dondilion; 09-14-2014 at 06:16 PM.
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Old 09-13-2014, 01:54 PM
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Quote:
Originally Posted by Dondilion View Post
Outsourcing and immigration, both legal and illegal has severely constrained
wages.
Agreed to the first premise.

The second has a historic flaw. Every new wave of patriotic immigrants wants to be the last. The dutchies resented the english and the english resented the krauts and we krauts resented the micks and the micks resented the wops and the wops resented them Puerto Ricans and Mexicans for picking the low hangin' fruit, unskilled labor jobs. Next up will be a buncha lunatics from the Donbass. See how that works Don?

The 'Gangs of New York' represented a slice of that attitude.
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Old 09-13-2014, 02:01 PM
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Quote:
Originally Posted by Dondilion View Post
Outsourcing and immigration, both legal and illegal has severely constrained
wages.
Really? Sorry chum but when I came here I demanded and got paid well.
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Old 09-13-2014, 04:52 PM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by merrylander View Post
Really? Sorry chum but when I came here I demanded and got paid well.
The wages for IT workers have been stagnant.

http://www.pbs.org/newshour/making-s...ch-worker-sho/

Last edited by Dondilion; 09-13-2014 at 04:59 PM.
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Old 09-13-2014, 04:58 PM
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Dondilion Dondilion is offline
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Quote:
Originally Posted by bobabode View Post
Agreed to the first premise.

The second has a historic flaw. Every new wave of patriotic immigrants wants to be the last. The dutchies resented the english and the english resented the krauts and we krauts resented the micks and the micks resented the wops and the wops resented them Puerto Ricans and Mexicans for picking the low hangin' fruit, unskilled labor jobs. Next up will be a buncha lunatics from the Donbass. See how that works Don?

The 'Gangs of New York' represented a slice of that attitude.
So we should omit immigration as a reason for stagnant wages?

Last edited by Dondilion; 09-13-2014 at 07:57 PM.
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Old 09-13-2014, 05:59 PM
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Quote:
Originally Posted by Dondilion View Post
So we should omit immigration as a reason for stagnant wages?
No, it will always factor into wages. I seriously doubt that it is a major factor behind stagnant wages though.
I'm thinking it's more how profits are apportioned these days between wage earners and the owners/stockholders and the dearth of labor unions who can effectively negotiate a better wage.

Productivity is up, profits are up and wages are stagnant - sounds less than fair to me.
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Old 09-13-2014, 08:05 PM
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Quote:
Originally Posted by bobabode View Post
No, it will always factor into wages.
But moreso at different times.
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