Posted on 05/11/2005 2:00:03 PM PDT by ninenot
Bump
Things are Swell!! Things are Great!! We have Nothing to Hit but the Heights!!
All that this shows is that their is a divergence between one method of calculating inflation and how wage and benefit increases are calculated.
Free-trade, open borders bump!!!!
And toasters are just $5 at Wal-Mart! Everything is perfect!
You hit the nail on the head.
Chill out people. This is a survey from the Financial Times, not a US Government Statistical release. Tax receipts are booming (on Monday it was announced the budget deficit for 2005 will be at least $55 billion less than projected three months ago). That is a far more accurate link to incomes.
Tax receipts can't rise that fast without income growth. Just today CNN/Money released an article talking about the return of hiring for higher paying jobs, the best numbers in their report for four years.
Financial Times is not even an American paper, take this with a grain of salt.
I wonder how the wages are tracking in China and India..
Don't know about India, but they are certainly rising in China. Go to Yahoo - they had a story on it yesterday.
Those tax receipts have NOTHING WHATSOEVER to do with the repatriation of $400 billion in earnings from PRChina.
NOTHING. Not at all.
Pay no attention to the man behind the curtain.
"Financial Times is not even an American paper, take this with a grain of salt."
For a number of people here it is just a chance to bash the current administration. Doesn't matter if it's true or not. FR certainly has it's own version of DUmmies.
The USG's stats show that, indeed, wages PAID rose slightly faster than inflation last month--but only because there were more hours WORKED.
IOW, things were OK if you slept at the factory between your double-shifts.
No what this really shows is that this damned article has been posted 3 times now.
FReetards?
This article leaves out so many factors of real wages it isn't credible to be printed. It leaves out increases in insurance costs, medical and liability, the cost of energy increases etc. Actual wages aren't down, the cost to be in business has gone up. Misleading at best.
Tax receipts are increasing because Bush's tax cuts have stimulated the economy. This economy has nothing to do with Free trade.
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