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-   -   US job market's lingering weak spot: Stagnant pay (http://www.politicalchat.org/showthread.php?t=8150)

Tom Joad 09-08-2014 06:01 PM

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. :rolleyes:

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.
more

merrylander 09-13-2014 12:29 PM

Ah but Tom you and I provide them with food stamps to supplement those shitty wages.

Tom Joad 09-13-2014 12:52 PM

Quote:

Originally Posted by merrylander (Post 241941)
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.

Dondilion 09-13-2014 01:29 PM

Outsourcing and immigration, both legal and illegal have severely constrained
wages.

bobabode 09-13-2014 01:54 PM

Quote:

Originally Posted by Dondilion (Post 241963)
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.

merrylander 09-13-2014 02:01 PM

Quote:

Originally Posted by Dondilion (Post 241963)
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.

Dondilion 09-13-2014 04:52 PM

Quote:

Originally Posted by merrylander (Post 241975)
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/

Dondilion 09-13-2014 04:58 PM

Quote:

Originally Posted by bobabode (Post 241969)
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?

bobabode 09-13-2014 05:59 PM

Quote:

Originally Posted by Dondilion (Post 241991)
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.

Dondilion 09-13-2014 08:05 PM

Quote:

Originally Posted by bobabode (Post 241995)
No, it will always factor into wages.

But moreso at different times.

Tom Joad 09-13-2014 08:31 PM

Quote:

Originally Posted by bobabode (Post 241995)
No, it will always factor into wages. I seriously doubt that it is a major factor behind stagnant wages though.

It isn't.

But dark skinned people are a favorite scapegoat of the right wingers.

donquixote99 09-13-2014 08:34 PM

Got that right.

bobabode 09-13-2014 08:36 PM

Quote:

Originally Posted by Dondilion (Post 241998)
But moreso at different times.

I would be interested in seeing some data and would keep an open mind. Whatcha got?

Dondilion 09-13-2014 08:40 PM

Well, well the massive inflow of Hispanic immigrants has not significantly affected construction wages?

donquixote99 09-13-2014 08:41 PM

Effect will vary in various markets at various times, but I'll be surprised if the offshoring doesn't DWARF any immigrant effects, when you look at the overall picture.

bobabode 09-13-2014 09:04 PM

Quote:

Originally Posted by Dondilion (Post 242004)
Well, well the massive inflow of Hispanic immigrants has not significantly affected construction wages?

As soon as they're trained, licensed and following the code regulations they charge the going rate hereabouts. Dat's bidness. ;) If anything they are taken advantage of in my experience and opinion.

merrylander 09-14-2014 07:53 AM

Quote:

Originally Posted by Dondilion (Post 242004)
Well, well the massive inflow of Hispanic immigrants has not significantly affected construction wages?

The funny part is that the construction companies have not lowered house prices as a result, in fact they raised them.

Tom Joad 09-15-2014 12:06 PM

Quote:

Originally Posted by merrylander (Post 242037)
The funny part is that the construction companies have not lowered house prices as a result, in fact they raised them.

What is that fucking garbage they are using as siding and roofing material these days?

It looks like some kind of particle board.

merrylander 09-15-2014 02:24 PM

Quote:

Originally Posted by Tom Joad (Post 242155)
What is that fucking garbage they are using as siding and roofing material these days?

It looks like some kind of particle board.

OSB Oriented Strand Board

Tom Joad 09-15-2014 02:31 PM

Quote:

Originally Posted by merrylander (Post 242214)
OSB Oriented Strand Board

Yeah, it looks real durable. :rolleyes:

merrylander 09-15-2014 03:48 PM

Quote:

Originally Posted by Tom Joad (Post 242218)
Yeah, it looks real durable. :rolleyes:

Actually it is not that bad if properly made. A lot better than Chinese sheetrock.

bobabode 09-15-2014 04:07 PM

OSB 1-2-3

http://en.wikipedia.org/wiki/Oriented_strand_board

Pio1980 09-15-2014 05:35 PM

Quote:

Originally Posted by merrylander (Post 242214)
OSB Oriented Strand Board

Hopefully better than the water soluble cracker wood used for construction some years ago and faux furniture anytime.

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