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-   -   Wage dropping in the USA (https://www.apostolicfriendsforum.com/showthread.php?t=50008)

aegsm76 08-10-2016 06:55 AM
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...

Aquila 08-10-2016 01:41 PM
Re: Wage dropping in the USA
 
Quote:
Originally Posted by aegsm76 (Post 1443340)
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...
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.

shazeep 08-10-2016 01:58 PM
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.

aegsm76 08-10-2016 02:16 PM
Re: Wage dropping in the USA
 
Quote:
Originally Posted by Aquila (Post 1443414)
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.
How could that happen?
The great BHO has had 8 years to correct this?

Esaias 08-10-2016 02:53 PM
Re: Wage dropping in the USA
 
Quote:
Originally Posted by Aquila (Post 1443414)
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.
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.

Fionn mac Cumh 08-10-2016 04:07 PM
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.

Fionn mac Cumh 08-10-2016 04:09 PM
Re: Wage dropping in the USA
 
Quote:
Originally Posted by shazeep (Post 1443421)
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.
How can you type stock by back, profits appear higher, and revenue is tanking, all in the same sentence?

Fionn mac Cumh 08-10-2016 04:14 PM
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.

shazeep 08-10-2016 04:15 PM
Re: Wage dropping in the USA
 
Quote:
Originally Posted by Fionn mac Cumh (Post 1443457)
How can you type stock by back, profits appear higher, and revenue is tanking, all in the same sentence?
"economics" :lol

Fionn mac Cumh 08-10-2016 04:18 PM
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?


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