Wage dropping in the USA
 

link
http://www.breitbart.com/2016-presid...rop-americans/

snippets
Federal data released Aug. 9 shows that Americans’ wages are dropping again, seven years after President Barack Obama declared the economy had recovered from the property-bubble — and three months before the 2016 election.
The dramatic drop was buried in an Aug. 9 report by the Bureau of Labor Statistics, which said that officials have radically revised their prior claim that wages grew 4.2 percent in the first quarter, from January to March.
Real hourly compensation decreased 0.4 percent after revision...

Re: Wage dropping in the USA
 

Corporations are recording record profits and investments are doing well. However, as you said, wages are dropping. Trickle down economics is failing. Perhaps it's time for an increase in the minimum wage.

Re: Wage dropping in the USA
 

Corps are engaging in record buybacks, essentially QE for stocks, and hollowing out their companies from within, just as QE has done to countries. Profits appear higher, while revenue is tanking, and GDP is contracting, even as it is presented as "growing," by various machinations, including prostitution and black market into the number, etc. A 5% wage hike is a loss when everything costs 10% more.

Re: Wage dropping in the USA
 

How could that happen?
The great BHO has had 8 years to correct this?

Re: Wage dropping in the USA
 

That is not 'trickle down economics'. You democrats wouldn't recognize trickle down economics if it was hailing baseball sized gold blocks.

Oh, by the way, Bernie the Super Socialist just bought his third house for about 600,000 bux. Not too bad for the champion of the little guy, eh? Ever read Animal Farm? Might want to.

Re: Wage dropping in the USA
 

Breitbart is not a place I would go to get any information. It could be noon and Breitbart could say that the sun is shining, and I would still look out the window to check.

Re: Wage dropping in the USA
 

How can you type stock by back, profits appear higher, and revenue is tanking, all in the same sentence?

Re: Wage dropping in the USA
 

Trickle down econ and supply side econ are a GOP farse that do nothing but continue to keep the rich richer. That is it.

Re: Wage dropping in the USA
 

"economics" :lol

Re: Wage dropping in the USA
 

http://www.usatoday.com/story/money/...axes/81399094/

I thought our corporate taxes were to high? I thought lowering them would trickle down to us middle class peasants?

Re: Wage dropping in the USA
 

Record profits and profit margins are two different things.

Re: Wage dropping in the USA
 

http://www.reuters.com/investigates/...-cannibalized/

Re: Wage dropping in the USA
 

now i'm confused :lol

Re: Wage dropping in the USA
 

I'm sure Marx has an alternative.

Re: Wage dropping in the USA
 

if we fixed the money even a Republic would work fine, imo.

Re: Wage dropping in the USA
 

First of all, trickle down economics did work---Reagan's economy produced 13 million jobs. How many jobs has Obama's economy produced?

Re: Wage dropping in the USA
 

Nope, the best way is to do away with minimum wages.

No more mandate and inflated minimum wages, let the jobs pay what the market place says they are truly worth.

death to the minimum wage. :D

Re: Wage dropping in the USA
 

Please consider the consequences of your propisition

Re: Wage dropping in the USA
 

Can anyone say how many jobs would have been produced withiut regeanomics?

Re: Wage dropping in the USA
 

:highfive :iagree

I was sorely disappointed in my fellow Nebraskans two years ago, when they voted to increase the minimum wage above the national mandate, to $9/hr. NE - while a heavily taxed state - is not a very high 'cost of living' state. There was literally no reason to do it, but people voted for it anyway, presumably because it made them feel good about themselves.

All the minimum wage ever does, is cost businesses more, which leads to higher costs and most likely a reduced workforce (it's almost certain that some people will have to be fired, in order to pay for the ones who still remain). And while there may be a short-term benefit to the workers, over the long term, they're just going to find themselves in the exact same boat, because everyone's had to raise their prices to keep up with the wage hike.

It's a band-aid solution at best, a placebo that makes people think they're getting better, but ultimately does nothing at all. The better solution, would be to encourage people to seek out a trade or skill that they could learn, which would help them to get a better paying job. Instead, people are lulled into thinking they can live off these minimum wage jobs for the rest of their life.

The minimum wage creates a virtual slave labor market.

Why do I say that? Because the Democrats know that most of these people will also be living off of Goobermint welfare. And who are they going to vote for, when election time rolls around? The one who promises to give them more "free stuff" from the Goobermint.

Pre-Civil War days, the Democrats used to keep slaves to tend their fields. Now they keep slaves to tend their election ballots.

Re: Wage dropping in the USA
 

Nope, because we're not magical time travelers. We can tell you how many jobs were lost, because of Carter economics.

Re: Wage dropping in the USA
 

We'll we were bleeding 800,000 jobs a month under Bush. Now we're only estimated at adding 300,000 a month. Of course, the quality of those jobs are questionable. But, Obama stopped the bleeding. I know this.... I'll take my current investment portfolio over what I had when Bush left office. LOL

Re: Wage dropping in the USA
 

I'll admit, it hasn't been a major focus of the Administration.

Re: Wage dropping in the USA
 

What HAS been the major focus of the BHO administration?

Re: Wage dropping in the USA
 

It wouldn't matter if I listed what accomplishments have been made? Of course not. All I know is that my investments are doing far better than when Bush left the White House. My finances have stabilized. The President actually speaks on a level higher than a 6th grader. And.... c'mon.... the Obama's have been rather classy. Oh, and on a personal note.... Michelle is a sweetheart. I think she's a beautiful woman that is a bit easy on the eyes compared to most First Ladies. I'm not saying Obama is perfect. But, in my opinion, he's done better than I first expected.

Re: Wage dropping in the USA
 

he inherited a train wreck. But +$14 Trillion? smacks of a looting to me
i can tell you how many bombs were dropped, which is 0

Re: Wage dropping in the USA
 

It's official. Aquila has drank the Kool-Aid deep, and will never return from the brink. :crazy

Re: Wage dropping in the USA
 

The Obama's have been rather classy...

BWAHAHAHAHAHAHAHAHAHAHAHAHAH!!!!!!!!

The Eloi are rising.

Re: Wage dropping in the USA
 

I actually have and it would be great consequences. :D

Re: Wage dropping in the USA
 

Destruction of America. Oh, and golf.

Re: Wage dropping in the USA
 

it is de facto hugely eroded anyway, i know lots of people making other, under the table arrangements for any work. the 97 million or whatever not in the workforce are largely all doing something.

Re: Wage dropping in the USA
 

That explains all those people begging by the side of the Freeway exits. :D

Re: Wage dropping in the USA
 

Do away with the 40 hour workweek as well? No more overtime pay?

Re: Wage dropping in the USA
 

Yes, get the government out of my relationship with my employer. Let the free market dictate what is and is not acceptable.

Do you realize that - in effect - the government has become our union negotiator with our employers? We're in a union, and we never asked to be.

At my job, there's times I'd like to stay late and get some extra work done after hours. I have to be mindful of how late I stay, though, because otherwise I'd rack up too much OT, and the store I work for is a small one that can't afford a huge amount of OT.

And what if I don't want to work just 40 hours a week? What if I want to put in 60 hours week? What if I'm a single guy, with a lot of time on my hands, and I want to put in 70-80 hours a week? I can't, because the government dictates that I can't.

So, my answer to you, would be a definitive and resounding 'YES!'.

Re: Wage dropping in the USA
 

I also note, that you never responded to my post, earlier.

Re: Wage dropping in the USA
 

it does, actually, even though they are prolly just the 10%, or less, of that 97 mil. That's still a lot of people. But you suggest all 97 mil are begging by the side of the road? or are you just channeling EB now? :lol

Re: Wage dropping in the USA
 

i would suggest that this market is thriving right now--under a different definition, of course--and you do not need the Gov to do anything for you that you cannot already do for yourself, except seek other employment on those terms, and avail yourself of those markets, which are the only moral ones.

Re: Wage dropping in the USA
 

Does anyone remember the history of why workers laws were passed?

Re: Wage dropping in the USA
 

not to be overbearing here, but if the same conditions, essentially, now obtain for us with those laws as we had without, then you might be having the wrong argument? Laws are always made for ostensibly good reasons, huh.

Re: Wage dropping in the USA
 

Yes. I also recall why labor unions were formed. Under these laws from the government, though, there's literally no reason for labor unions to exist. The government has forced and co-opted us into one that they negotiated, and we have no say in the matter.

I'd be fine with it, if the law allowed individuals and employers to form their own agreement (outside of those laws), I'm not fine with it dictating what my employer and I can negotiate, in terms of wage, hours and OT compensation.

Freedom is all about personal responsibility. Unfortunately, too many in the country do not want personal responsibility, they want the Goobermint to hold their hands, powder their backsides and put their diaper on them.