The attack on labor is in full throttle. We hear reports of outrageous pay for government workers with economic fictional spin. Pundits weave tall tales blaming the workers themselves as the reason for America's economic malaise. Actual wage statistics are never mentioned. Nor is the never ending income inequality in the United States and the policies which cause it.
The loss of the Hostess Twinkie is a symbol of a new era for the American worker. Chemical cupcakes usher in the race to the economic bottom, where the new business operandi is the stripping of worker wages and benefits. Gone are middle class incomes and lifestyles for most. Here are temporary jobs, no benefits and assuredly no retirement. America has been sliced, and diced, just like Wonder Bread.
Most economists and the press look at personal income to think about America and wages. But there is another set of statistics which paints an even more stark picture. The social security administration publishes wage data, the last year available is 2010. While the average wage was $39,959.30, 66.2% of wage earners make less than this amount The median wage is $26,363.55. That means 50% of all wage earners in the United States earned less than $26,363.55 annually. That's poor.
Boo Hoo Wisconsin! You did not remove one of the most inane, toxic governors out to destroy the middle class with nonsensical economic agendas. Regardless of party, Walker's attack on collective bargaining was simply an attack on working people. Yet somehow envy that some workers have managed to hang onto pensions and health care which won't send them into poverty enrages others who do not have wages, pensions and benefits. So angry Wisconsin, instead of demanding higher wages, pensions and better health care for themselves gave the very people was are out to destroy them, carte blanche, a mandate to continue to do just that! Why not, let's destroy pensions, worker rights, wages and jobs, instead of being outraged that our financial livelihoods are under attack! Just today Republicans blocked a bill to address equal pay for women, yet will those Senators be recalled? Nope, and they probably won't lose their elections over it either.
How did this all happen? Back in March of last year, Wisconsin did the nasty against labor. Unions tried to stop it and literally Governor Walker sic'ed the state police on some state Democratic Senators who were trying to stop the railroading of workers.
The BLS reports on individual occupations and wages. This is a separate survey from the employment report and unfortunately there is significant lag in the breakdown of 800 different specific job categories from the current overall employment statistics. While waiting for the March unemployment report to be dissected and digested, it might be of interest to look at the most recent occupational survey statistics from the BLS. For May 2011, 10 months ago, we have some seriously crappy jobs dominating the labor market.
Everybody has heard the reason manufacturing goes to China and services jobs are offshore outsourced to India is cheap labor. Well, there appears to be more than a grain of truth to this claim. The BLS maintains an international labor comparison statistics site. Manufacturing labor costs in China and India are 4% of the United States for 2009.
At the same time though, European labor costs are much more than the United States and one of the reasons Germany's economy is so strong, is their exports and manufacturing sector. Germany clearly has bucked the trend, yet the below percent change for 2009-2010 in manufacturing unit labor costs graph, shows other nations are lowering wages. The great labor arbitrage race to the bottom looks full on.
It seems the entire world has been confused by the Census and understandable so. This past week saw dueling quotes on the number of people in poverty in the press. There are actually two major measures of poverty for 2010 and the experimental, research measure was released this week. This supplemental poverty measure shows there are more people in poverty, 49.1 million, than the official tally, 46.2 million.
The loss of the Hostess Twinkie is a symbol of a new era for the American worker. Chemical cupcakes usher in the race to the economic bottom, where the new business operandi is the stripping of worker wages and benefits. Gone are middle class incomes and lifestyles for most. Here are temporary jobs, no benefits and assuredly no retirement. America has been sliced, and diced, just like Wonder Bread.
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Boo Hoo Wisconsin! You did not remove one of the most inane, toxic governors out to destroy the middle class with nonsensical economic agendas. Regardless of party, Walker's attack on collective bargaining was simply an attack on working people. Yet somehow envy that some workers have managed to hang onto pensions and health care which won't send them into poverty enrages others who do not have wages, pensions and benefits. So angry Wisconsin, instead of demanding higher wages, pensions and better health care for themselves gave the very people was are out to destroy them, carte blanche, a mandate to continue to do just that! Why not, let's destroy pensions, worker rights, wages and jobs, instead of being outraged that our financial livelihoods are under attack! Just today Republicans 
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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