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To: Willie Green; Wolfie; ex-snook; Jhoffa_; FITZ; arete; FreedomPoster; Red Jones; Pyro7480; ...
Inflation rose 3.1 per cent in the year to March but salaries climbed just 2.4 per cent, according to the Employment Cost Index. In the final three months of 2004, real wages fell by 0.9 per cent.

Cheaper labor bump!

66 posted on 05/10/2005 7:07:49 PM PDT by A. Pole (Ukrainian proverb: "Iak buly moskali, buv khlib na stoli, a iak bude Ukraina, bude bida po kolina")
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To: A. Pole; Adam Selene
Cheaper labor bump!

Falling wages is one of the many signs of our falling economy and corresponding integration into a North American Union.

The manufacturing and technological capacity of America has been raped by the politicians and CEOs. What remains is a finance-based economy. It won't last forever.

87 posted on 05/10/2005 8:34:58 PM PDT by Mulder (“The spirit of resistance is so valuable, that I wish it to be always kept alive" Thomas Jefferson)
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To: A. Pole

Its rather obvious that the third world labor supply is putting tremendous downward pressure on US labor wages. Mexico and Central America because of their proximity and direct immigration are substantial factors, but in my mind I lump all that Chinese and other asian labor in as well via the staggering trade deficit and offshoring of production. Even if the illegal immigration from Mexico ceased immediately, what does one do about the cents a day dirt cheap billions of Chinese laborors that will continue to put unrelenting downward pressure on US wages. Its not a rhetorical question.


196 posted on 05/11/2005 3:57:44 PM PDT by atrocitor
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