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Wages Falling Behind US Productivity Gains
What Obama did was gave out open ended Checks to Companies and the Execs that already intentionally ran those companies into the ground.
Gosh, I wonder if declining unionisation, globalisation, and immigration
Pretty funny stuff TPB.
Patrick saysGosh, I wonder if declining unionisation, globalisation, and immigration
In my opinion, immigration is by far the least of these three in terms of causation. But the first two are huge.
I believe globalization was inevitable, that is if you want to advocate for free and open global capitalism. That is if you want to say that what's good for us is good for the world. It was probably the biggest cause. As for the decimation of unions and pensions, that was an anti-labor movement that started in the seventies, but kicked in overtime under Reagan.
Since Clinton, we've been getting hosed by both sides, but still far worse from the right than the left. Even now. Again, my opinion. But it's easy to back this up with tons of evidence.
No immigration is the most important factor and the numbers are clear, esp. low-skilled and illegal immigration.
bob2356 saysPretty funny stuff TPB.
You laughed at my Obamacare assessment while everyone was sucking his dick for a healthcare plan that had not been realized what I reported it would be a year before.
You are so far behind the curve, we're turning the corner and you're losing sight of it all.
mell saysNo immigration is the most important factor and the numbers are clear, esp. low-skilled and illegal immigration.
I can't see any logic in this. Say we don't have undocumented workers to pick crops, be your childs nanny, or do the landscaping at your condo. So we all pay more for those things, and some people step up and do those jobs for higher pay.
How does that affect the pay of an entry level job for a college graduate ? Or an ambitous high school graduate for that matter ? I honestly can not begin to see it..
People claiming this are the same people that would liketo see government workers payed less. Not seeing that this is a huge part of the labor market that you are advocating lower pay for. That kind of thinking is what destroys salaries. PRivate sector can pay less if the public sector does. This is simple logic. The labor market is a market.
I believe globalization was inevitable, that is if you want to advocate for free and open global capitalism. That is if you want to say that what's good for us is good for the world. It was probably the biggest cause.
Gosh, I wonder if declining unionisation, globalisation, and immigration could possibly have had an adverse effect on the wages of the working classes, letting capital run away with most of the workers' productivity gains since 1973. Could it possibly be?