The Mysterious Case Of America's Negative Real Wage Growth

• • Dec 10, 2012 12:01pm
  • #1
  • Quote

  • Spreadbetter

    1,291 posts

  • "One doesn’t have to be an economist to know that economic output and employment is a function of income and wage growth. Consumers cannot spend what they don’t have."
    
    This "One doesn’t have to be an economist to know that economic output and employment is a function of income and wage growth. Consumers cannot spend what they don’t have." This
• • Dec 10, 2012 1:29pm
  • #2
  • Quote

  • Guest

    IP XXX.XXX.16.103

  • Although the picture has gotten a little better the last few months before the election, the data still show that few if any net private sector jobs have been created in the US since 2000. Should anyone be surprised that there is little or no incentive to raise wages? During this same time however the GDP has gone from 10 to 16 Trilliion, suggesting the problems is not a "weak" economy. The Obama administration response is to cheapen the dollar to encourage export of what little we still make here while leaving the back door wide open for poorly made imported products and huge trade deficits. The real answer lies in ourselves. Our fellow citizens will not have jobs unless we buy American made products. If our big box stores refuse to carry them, then go to the internet, farmers markets, and local shops. Make the choice each day every time you make a purchase. http://www.bls.gov/webapps/legacy/cesbtab1.htm Although the picture has gotten a little better the last few months before the election, the data still show that few if any net private sector jobs have been created in the US since 2000. Should anyone be surprised that there is little or no incentive to raise wages? During this same time however the GDP has gone from 10 to 16 Trilliion, suggesting the problems is not a "weak" economy. The Obama administration response is to cheapen the dollar to encourage export of what little we still make here while leaving the back door wide open for poorly made imported products and huge trade deficits. The real answer lies in ourselves. Our fellow citizens will not have jobs unless we buy American made products. If our big box stores refuse to carry them, then go to the internet, farmers markets, and local shops. Make the choice each day every time you make a purchase. [url]http://www.bls.gov/webapps/legacy/cesbtab1.htm[/url]
• • Dec 10, 2012 2:54pm
  • #3
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  • frx_trader

    929 posts

  • The last paragraph "Well, in that case Krugman ..... ", I agree. This is what BB wants, inflation, doesn't he? Enjoy it when the sky is still blue. The last paragraph "Well, in that case Krugman ..... ", I agree. This is what BB wants, inflation, doesn't he? Enjoy it when the sky is still blue.
• • Dec 10, 2012 5:01pm
  • #4
  • Quote

  • Spreadbetter

    1,291 posts

  • I noted that APPL are repatriating some work back to the USA, they're going to build the mac book range iirc. Now if they had assembled all the components in the USA they might only have a cash pile of 2bn as opposed to 30-40 but would have created circa 30,000 extra jobs in the country of their products birth and could have had a cool sticker on the side of the products saying made in California.
    
    
    

    Quoting Guest

    Although the picture has gotten a little better the last few months before the election, the data still show that few if any net private sector jobs have been created in the US since 2000. Should anyone be surprised that there is little or no incentive to raise wages? During this same time however the GDP has gone from 10 to 16 Trilliion, suggesting the problems is not a "weak" economy. The Obama administration response is to cheapen the dollar to encourage export of what little we still make here while leaving the back door wide open for...

    I noted that APPL are repatriating some work back to the USA, they're going to build the mac book range iirc. Now if they had assembled all the components in the USA they might only have a cash pile of 2bn as opposed to 30-40 but would have created circa 30,000 extra jobs in the country of their products birth and could have had a cool sticker on the side of the products saying made in California.
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    IP XX.XXX.231.49

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