Just another boring economic recovery
Unemployment numbers fell to their lowest since September 2001: a mere 5%. Jobs created for April and May were revised upwards again. Average hourly earning are up 2.7% from the same month last year to $16.01 per hour. The democrats, of course, call it "disappointing job growth" as in "we're disappointed more people are working at higher wages and might actually be thinking of voting for republicans."
Stunningly, Wall Street closed up two days in a row, even after the London bombings and all the oil the left thinks we're stealing from the Middle East flirted with, closed above and then fell below $60 a barrel. We think that Wall Street has a better handle on the economy than the democratic party does.
Stunningly, Wall Street closed up two days in a row, even after the London bombings and all the oil the left thinks we're stealing from the Middle East flirted with, closed above and then fell below $60 a barrel. We think that Wall Street has a better handle on the economy than the democratic party does.
posted by SCC at 7:47 PM
8 Comments:
I find it hard to belive the average salary is $16.01 per hour. What was used for this criteria?
The "right to work" states in the South for example. Are you trying to tell me those folks make the same as union workers up here? I think not.
A great number of jobs in the USA today are "service industry" jobs. You mean that folks at White Castle and Home Depot make $16 an hour? I doubt it.
Something was done with these numbers. The Labor and Housing departments first started playing with their figures during the Reagan administration. I think the Bush administration is doing the same.
Finally, jobs in the African-American communities. Do you think they are making $16 an hour? No, because unemployment there is way OVER 5 per cent. Then again, the govermment does not care about those people, do that?
It says "average." Read the article. And spare us all your half baked conspiracies. Accept that more people are working at higher wages and be happy about it.
More people are working, perhaps, however the cost of living is at its highest peak than before. And listen, Bush boy, read what I wrote.
It is hard to believe the average salary is $16.01. I also notice you choose to ignore my comments on the treatment of minorities. Yes, you ignored it like the president ignores the poor.
I hope everyone reads the cover story today in the Chicago Tribune Magazine. See what is really happening to workers in this country. Jobs are being moved out of this country at an alarming rate.
and guess what's driving them out of the country? union labor costs.
I guess I'll use that as my moniker to respond to you. I didn't pull the $16.01 number out of thin air. Its in the article. Go beef at them for making Bush look good. And no, the people at White Castle and Home Depopt aren't making $16 an hour. Those are entry level jobs. You work at them to gain experience and move up. Almost no one starts at $16 an hour as an entry level job. You work up to it. That's the trouble with you leftys. You think by raising the minimum wage and hiring people to start at $16 an hour will solve all your/their problems, when it has been proven TIME AND TIME AGAIN when you raise the minimum wage, you destroy jobs here and move them overseas. Do everyone a favor, go to E-Bay and buy an Economics 101 textbook. Read it. Then go ask an adult to explain it to you. THEN come back here and tell us about how the world works instead of spouting platitudes about the plight of the workers/minorities and how the wheels of commerce are oiled with their blood.
Tsk, tsk, tsk, calm down, it's only a post.
I never even implied there should be a $16 per hour starting salary. That's unreasonable.
Companies are moving overseas because they don't want to pay the salaries here, and not because of the unions.
The articles point out some of the workers WERE NOT in a union and were making $14 or $15 an hour. The jobs were moved to Mexico and South America because folks there make only pennies on the dollar. It was done for corporate greed.
Look at Fannie May candy. The new owners cry poor mouth and close shop. They reopen a few months later without a union shop here, go figure it out.
Alot of folks at this site want benefits of union representation but still slam them. Think Chicago P/O's would be making their salaries if not for union represenation? You hate unions so much then resign from it.
Here's Economics 101, pal. The rich could give a flying f*** about you and your family. They'd move everything overseas and not think twice. And still charge you the same price even if labor costs are down.
Yea NAFTA is to blame for alot of it, but don't count out that union-busting, worst president of my life-time, Ronald Raygun.
Reagan took over from Carter when mortgage interest rates were in the high teens, inflation stood at 12%, unemployment was in the double digits, the maximum income tax rate was about 70% (thank you democratic congress and carter), claimed we were free from our fear of communism as the USSR moved nuclear missles into eastern Europe, allowed the Iranian hostage crisis to spiral out of control for 444 days and blamed it on the american people (the "malaise" speech.
Enter Reagan after winning 489-49 (so I guess you all were in the mionority there) - interest rates slashed to below 6%, unemployment under 7%, tax rates cut to 36%, confronted the Soviets and ended the hostage crisis 1 hour into his term (spare us the conspiracies). Freed from a strangling tax burden, the economy erupted. Manufacturing sector grew at a rate unseen since the begining of the industrial age. The largest expansion of a peacetime ecomony ever. Ever. And he did it with the democrats controlling both houses of congress. It kept expanding (with a hiccup that cost Bush the elder the election) until Clinton and the democrats screwed it up again and lost control of Congress in 1994.
And I'd like to see what unions he busted up please? Union membership was at a high point during the 80s. And the Air Traffic Controllers don't count as they were in violation of Federal law when they walked. They deserved to get fired.
Also, NAFTA was passed during and signed by Clinton, a democrat.
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