If workers are more productive than ever, why is the real wage lower?

[camdin90]

Technology has made the average American worker more productive than ever. One worker can do what it once took 10, 100, 1000, ... workers to do 30 or 40 years ago. But yet the typical American worker's REAL wage has been stagnant if not slightly lower than 30 to 35 years ago. Where does all that unpaid compensation go??

[chozai65]

First of all, it is because the economy today sucks big black chode... it goes to the damn government, rich people, and the corrupt military.

[herald]

George Ure
urbansurvival.com

The latest Labor Department Employment Situation Report http://www.bls.gov/news.release/empsit.nr0.htm shows that in January there are only 20, 245,000 worker in the workforce of 153,716,000 workers. The rest? Services, farmers, and government.

So follow this: We have 20,245,000 people who actually make things and the whole country is fed by the 19,135,000 people who are in farming & farm-related employment. That adds up to 39,380,000 people left who actually make things.

SOooo: Mr. Ure - armchair economist/people's economist extraordinaire - figures that all of this additional $1.75-trillion will actually be paid for by the primary producers and this will further suck down money available from primary producers to buy services from the services sector, which means (ta-dah!) that the economy is not going to get better with this kind of heavy spending anytime soon. But, that was the point that Congressman Ron Paul was trying to get Ben Bernanke to fess up to in yesterday's hearings (see the special update from yesterday http://www.independencejournal.com/today.htm#paul ).

Let's refigure this: We've got an additional $1.75 trillion divided by 39,380,00 real primary-goods and farm producers.

CONGRATULATIONS! If you're a primary producer you're gong to get to fund an additional $45,595 worth of deficits this year and that's on top of the financial train wreck left over by the republicorps/Bushiecrats. Wowzer.... Repeat after me: BOHICA.



(BOHICA stands for "Bend Over Here It Comes Again".)

[victorio83]

George Ure
urbansurvival.com

The latest Labor Department Employment Situation Report http://www.bls.gov/news.release/empsit.nr0.htm shows that in January there are only 20, 245,000 worker in the workforce of 153,716,000 workers. The rest? Services, farmers, and government.

So follow this: We have 20,245,000 people who actually make things and the whole country is fed by the 19,135,000 people who are in farming & farm-related employment. That adds up to 39,380,000 people left who actually make things.

SOooo: Mr. Ure - armchair economist/people's economist extraordinaire - figures that all of this additional $1.75-trillion will actually be paid for by the primary producers and this will further suck down money available from primary producers to buy services from the services sector, which means (ta-dah!) that the economy is not going to get better with this kind of heavy spending anytime soon. But, that was the point that Congressman Ron Paul was trying to get Ben Bernanke to fess up to in yesterday's hearings (see the special update from yesterday http://www.independencejournal.com/today.htm#paul ).

Let's refigure this: We've got an additional $1.75 trillion divided by 39,380,00 real primary-goods and farm producers.

CONGRATULATIONS! If you're a primary producer you're gong to get to fund an additional $45,595 worth of deficits this year and that's on top of the financial train wreck left over by the republicorps/Bushiecrats. Wowzer.... Repeat after me: BOHICA.



(BOHICA stands for "Bend Over Here It Comes Again".)

Only the unskilled workers. The jobs are gone to China. There is less demand for them.It has been even hard to get the job at minimum wage rate.There is no union in America to negotiate for the unskilled. They should sell hotdogs instead.