Political Forums - US job market's lingering weak spot: Stagnant pay

Page 1 of 3

Show 40 post(s) from this thread on one page

Political Forums (http://www.politicalchat.org/index.php)

- Economy (http://www.politicalchat.org/forumdisplay.php?f=27)

- - 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.

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)

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.

All times are GMT -5. The time now is 04:11 AM.

Page 1 of 3

Show 40 post(s) from this thread on one page