Wage dropping in the USA

[Originalist]

Originally Posted by Aquila

Corporations are recording record profits and investments are doing well. However, as you said, wages are dropping. Trickle down economics is failing. Perhaps it's time for an increase in the minimum wage.

Record profits and profit margins are two different things.

[Fionn mac Cumh]

http://www.reuters.com/investigates/...-cannibalized/

Share repurchases have helped the stock market climb to records from the depths of the financial crisis. As a result, shareholders and corporate executives whose pay is linked to share prices are feeling a lot wealthier.

That wealth, some economists argue, has come at the expense of workers by cutting into the capital spending that supports long-term growth – and jobs. Further, because most most U.S. stock is held by the wealthiest Americans, workers haven’t benefited equally from rising share prices.

[shazeep]

Originally Posted by Fionn mac Cumh

How can you type stock by back, profits appear higher, and revenue is tanking, all in the same sentence?

now i'm confused

[Esaias]

Originally Posted by Fionn mac Cumh

Trickle down econ and supply side econ are a GOP farse that do nothing but continue to keep the rich richer. That is it.

I'm sure Marx has an alternative.

[shazeep]

if we fixed the money even a Republic would work fine, imo.

[deacon blues]

Originally Posted by Aquila

Corporations are recording record profits and investments are doing well. However, as you said, wages are dropping. Trickle down economics is failing. Perhaps it's time for an increase in the minimum wage.

First of all, trickle down economics did work---Reagan's economy produced 13 million jobs. How many jobs has Obama's economy produced?

[FlamingZword]

Originally Posted by Aquila

Corporations are recording record profits and investments are doing well. However, as you said, wages are dropping. Trickle down economics is failing. Perhaps it's time for an increase in the minimum wage.

Nope, the best way is to do away with minimum wages.

No more mandate and inflated minimum wages, let the jobs pay what the market place says they are truly worth.

death to the minimum wage.

[jfrog]

Originally Posted by FlamingZword

Nope, the best way is to do away with minimum wages.

No more mandate and inflated minimum wages, let the jobs pay what the market place says they are truly worth.

death to the minimum wage.

Please consider the consequences of your propisition

[jfrog]

Originally Posted by deacon blues

First of all, trickle down economics did work---Reagan's economy produced 13 million jobs. How many jobs has Obama's economy produced?

Can anyone say how many jobs would have been produced withiut regeanomics?

[Jito463]

Originally Posted by FlamingZword

Nope, the best way is to do away with minimum wages.

No more mandate and inflated minimum wages, let the jobs pay what the market place says they are truly worth.

death to the minimum wage.

I was sorely disappointed in my fellow Nebraskans two years ago, when they voted to increase the minimum wage above the national mandate, to $9/hr. NE - while a heavily taxed state - is not a very high 'cost of living' state. There was literally no reason to do it, but people voted for it anyway, presumably because it made them feel good about themselves.

All the minimum wage ever does, is cost businesses more, which leads to higher costs and most likely a reduced workforce (it's almost certain that some people will have to be fired, in order to pay for the ones who still remain). And while there may be a short-term benefit to the workers, over the long term, they're just going to find themselves in the exact same boat, because everyone's had to raise their prices to keep up with the wage hike.

It's a band-aid solution at best, a placebo that makes people think they're getting better, but ultimately does nothing at all. The better solution, would be to encourage people to seek out a trade or skill that they could learn, which would help them to get a better paying job. Instead, people are lulled into thinking they can live off these minimum wage jobs for the rest of their life.

The minimum wage creates a virtual slave labor market.

Why do I say that? Because the Democrats know that most of these people will also be living off of Goobermint welfare. And who are they going to vote for, when election time rolls around? The one who promises to give them more "free stuff" from the Goobermint.

Pre-Civil War days, the Democrats used to keep slaves to tend their fields. Now they keep slaves to tend their election ballots.