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Author Topic: Median Wages Have PLUMMETED Since 1969

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Offline Private

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Median Wages Have PLUMMETED Since 1969
« on: 11 August 2012 at 20:59 »
Median Wages Have PLUMMETED Since 1969

  George Washington's picture Submitted by George Washington on  08/08/2012 13:44 -0400

Wages need to rise to keep up with inflation, especially since the value of the dollar has been trashed:
 Dollar from 1913.gif Median Wages Have PLUMMETED Since 1969 height=318
But Michael Greenstone and Adam Looney of the Hamilton Project  document (hat tip Ezra Klein) that real median earnings for men declined between 1969 and 2009:
 hamilton1 Median Wages Have PLUMMETED Since 1969 height=704
And wages have only kept dropping since 2009.
In addition – when those who have only part-time work are taken into account – we have depression-level unemployment.
As Klein notes:
 
    When you take all men, not just those working fulltime, into account, the slight decline in the above graph becomes a
plummet of 28 percent in median real wages from 1969 to 2009.
   hamilton2 Median Wages Have PLUMMETED Since 1969 height=662
The bottom line is that – due to idiotic government policy – most of the jobs being created are part-time and low wage jobs.
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Re: Median Wages Have PLUMMETED Since 1969
« Reply #1 on: 13 November 2012 at 23:37 »
This is something that is now hitting the entire formerly White , western world and even the former communist countries. Industry is basically moving to where profits are large and labour cheap. If the capitalists can't import cheap labour with immigrants they take the industry to the far east.
On the one hand areas of the White world are now no longer economically viable, the great lakes in the USA, northern England, scotland, east Germany and northern Russia.


http://englishrussia.com/2006/09/05/an-abandoned-city/


These areas may remain white and immigrant free. I'd rather personally be poor in a White area than wealthy and have to look muds in the face everyday.


The worst case is this outrage of the Canadian government brazenly importing cheap coolie labour as ethnic repalcement!


http://www.mining.com/chinese-coal-mining-firms-settling-in-canada-favour-foreign-workers-report-65544/