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To: skeeter

Well-wages are up, but not keeping with inflation over the last 2 years (median, not average.)

"Income" includes rents, dividends, interest, and pensions. A far different story than 'wages.'

More significant, it was only last month that total US private employment got back to the numbers pre-2001; but factory employment has NEVER increased since 2001.

That's WTO/MFN China at work.


31 posted on 08/19/2005 7:32:58 AM PDT by ninenot (Minister of Membership, Tomas Torquemada Gentlemen's Club)
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To: ninenot
Well-wages are up, but not keeping with inflation over the last 2 years (median, not average.)

then I would say they're not up, but down.

I would be interested to see a graph of real wages over the past twenty years.

35 posted on 08/19/2005 7:38:30 AM PDT by skeeter
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To: ninenot
. . . but factory employment has NEVER increased since 2001.

Aside from World War II, has there ever been a single year in the last seven decades in which factory employment has actually increased?

49 posted on 08/19/2005 7:59:09 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
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To: ninenot
More significant, it was only last month that total US private employment got back to the numbers pre-2001; but factory employment has NEVER increased since 2001.

And yet, US manufacturing output continues to increase. In related news, there are vastly fewer farmers today than in 1900, yet we're producing more food. This is supposed to be bad?

94 posted on 08/19/2005 9:44:44 AM PDT by ThinkDifferent (These pretzels are making me thirsty)
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To: ninenot

sorry but wages are rising faster than inflation


143 posted on 08/19/2005 4:52:48 PM PDT by atlanta67
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