Posted on 06/23/2013 8:24:29 AM PDT by lbryce
You need to find out what the chart represents. $24.00 per hour? That’s definitely not the average hourly pay of Americans who’re actually paid by the hour.
The chart might represent loaded hourly compensation, including all benefitis, i.e., medical insurance benefit, company FICA and unemployment, contributions to retirement, etc.
Or it might be a calculation on an average hourly basis of pay for all employees including salaried employees.
But $24.00 per hour is definitely not just the basic hourly pay of workers paid strictly by the hour.
“My legacy will be an America brought down to the level of the rest of the world.”
-Barack Obama
Get it yet? He`s a destroyer, not a builder.
Bump
Brookings? Really?
Yep. It’s that sucking sound.
To what.
Spoke with a lady yesterday who got the word on Friday that her salary is to be reduced by 1/3. That’s a chunk. Sadly, she doesn’t know if she can find a job making the reduced rate in this economy, but what does she do when food is going up, gas, has mortgage based on the income she has made for over a decade.
It sucks out there right now.
And Obama takes over power distribution grid in the name of his “Climate Strategy”. http://www.freerepublic.com/focus/f-news/3034444/posts I believe he said something like, “electricity prices will necessarily skyrocket”, or something. So... lower wages, higher energy costs, millions of illegals.... I miss our beautiful, wonderful country. How one man could work so much devastation (well he had plenty of help from several hundred other national politicians and judges.)
US hourly Wages Fall At Fastest Pace Since 1947 First Quarter
You ain’t seen nothing yet - wait until Obamacare is fully implemented AND the traitorous Congresscritters and their boss zero have granted AMNESTY for 20 millions and their 30 million family members arrive. THE AMERICA YOU AND I KNEW IS OVER.
Facts are facts.
That’s why Brookings is the economic arm of the DNC, right?
I was conceived in the first quarter of 1947. It looks as if things have now come full circle.
Thanks; so the decline wasn't all US employees but just those for non-farm businesses. That, and we're seeing how the quote was lifted from a BLS' context that was explaining how "over the last four quarters hourly compensation increased 2.0 percent..." I knew the headline was bogus.
You don't need me for that, the fed's got the options right there and if you want you can divide the wage numbers by the cpi etc. What you might like better is the BEA's numbers for total income (not just wages) plus population and inflation adjustments--
--and we're looking at the average American after tax real incomes at--
| Jan-06 | $32,024 | Jul-08 | $32,974 | Jan-11 | $32,763 |
| Apr-06 | $32,235 | Oct-08 | $32,878 | Apr-11 | $32,587 |
| Jul-06 | $32,306 | Jan-09 | $32,417 | Jul-11 | $32,421 |
| Oct-06 | $32,646 | Apr-09 | $32,313 | Oct-11 | $32,346 |
| Jan-07 | $32,721 | Jul-09 | $31,733 | Jan-12 | $32,588 |
| Apr-07 | $32,697 | Oct-09 | $31,615 | Apr-12 | $32,713 |
| Jul-07 | $32,741 | Jan-10 | $31,990 | Jul-12 | $32,708 |
| Oct-07 | $32,837 | Apr-10 | $32,425 | Oct-12 | $33,350 |
| Jan-08 | $33,238 | Jul-10 | $32,455 | Jan-13 | $32,570 |
| Apr-08 | $33,826 | Oct-10 | $32,469 |
--which is really not what we'd rate as "economic devastation".
The elites of both parties must be celebrating.
Note, we have had many readings of this type during the Obama years “Worst _________ since 19____.” I would expect that many of these things are the worst since before the last depression, but records of many things only started after WWII, it seems. What I am saying is the records don’t go back far enough to show what a mess Obama has made.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.