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Son, Lay Down Them Books...

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Tue Nov 07, 2006 12:04 pm    Post subject: Son, Lay Down Them Books... Reply with quote

...and get a job on a forklift. Because real wages are going up. That's right, Corporate Profit doomsters. We've ended a 77 year cycle of increasing corporate profits and the new guy to invest in...well he's making 30K a year and he's soon gonna make a lot more. In fact, labor, that is, workers who sell what their body can do, whether physical, mental or emotional, are all due for a big raise.

http://articles.moneycentral.msn.com/Investing/JubaksJournal/WhyHigherWagesShouldWorryYou.aspx?page=2

Quote:
All of which means that the recent uptick in wage inflation in the U.S. economy may not be just the phenomenon of a few months but a sign of a swing in the national income cycle back toward wages. A 3.8% third-quarter increase in unit-labor costs (which subtract productivity gains from any wage increases) sent the year-over-year rate of increase up 5.3%. That would mean another source of pressure on corporate profits besides energy and raw materials costs -- a big source of pressure, since wages represent by far the biggest variable cost at most businesses.


Investors...companies...housing...energy...the things that make the rich richer, have already begun their decline.

And its all happening during a Republican administration.

Whodda thunk?!
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PostPosted: Wed Nov 17, 2010 9:08 am    Post subject: Re: Son, Lay Down Them Books... Reply with quote

jabailo wrote:
...and get a job on a forklift. Because real wages are going up....


Over and out. It might be interesting to revisit these figures 5 years
later so as to get some perspective on them. My first revision on your
first draft has it looking not so rosy. Sure, lots of other things have
fallen, and sure, if you're working and holding steady it might feel like
rising, but maybe the big money boys found another solution to those
noisy, demanding, working class forklift operators: you're fired.
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