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#1 | |
Layperson
Join Date: Mar 2006
Location: California
Posts: 13
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U.S. Men
Quote:
The general decline in wages can be seen from the copy below of hourly and weekly real wages from the U.S. Bureau of Labor Statistics. Hourly wages declined 0.24 % in March. Weekly wages declined 0.27%. ![]() Below are the links to the both weekly and hourly real wages. BLS-WeeklyWages BLS-HourlyWages unlawflcombatnt |
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#2 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Assuming the preliminary numbers are accurate, it went up a little from Jan to Feb and down a little from Feb to Mar. But it went down a little from Feb to Mar for the last 5 years.
As gloomy as I am about of long range economic future, I'm not ready to call a vibration an earthquake just yet. ![]()
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#3 | |
Radical Centrist
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
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Quote:
In economics you can prove *anything* by ignoring the other side of the equation. In this case Griff gave it to you, and he's a smart guy, ignore him at your own peril! What is the effect of illegal immigration on prices my friend? |
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#4 |
Bioengineer and aspiring lawer
Join Date: Apr 2006
Location: Pittsburgh
Posts: 872
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I think it's also important to look at what demographics are most effected by the wage suppression. It may seem obvious, but immigrant workers themselves most likely are hardest hit. This means that we have a rapidly growing population of people who do not identify themselves primarily as American, who are stuck in a low wage labor sector with very little chance for social mobility. I know it's not the exact same problem France has, but we may see a similar result eventually.
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#5 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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#6 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Quote:
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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#7 | |
Read? I only know how to write.
Join Date: Jan 2001
Posts: 11,933
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Quote:
It was back on 1910 as it is today. Bean counter types complain about how immigrants tax schools and other infrastructure. They see costs where they should be seeing a national investment. Same as in 1910. First generation immigrants did labor - as we are doing today with so many immigrants who even have college degrees. Those first generation immigrants create the most productive part of a country's future - back then and today. Meanwhile ask your waiter what his education was. Too often it was advanced education - accounting, computers, one was even a doctor. Anoter speaks five languages. Americans cringe when I do equations or work out an algorithm while sipping coffee. Foreigners get curious and ask questions. We so need their labor that each was working as a waiter. No different from 1910. They are the investment in America's future. |
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#8 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Those early 20th century immigrants made their kids go to school and insisted they learn English. Today the schools are becoming babysitters and in their native language to boot. Fewer and fewer kids are getting a real education now.
TW, you do realize you're not normal, right? Not that there's anything wrong with that.....just asking. ![]()
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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