U.S. Wages Down 23% Since 2008

[ELVIS]

Breitbart

U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.



In total, the report found $93 billion in lost wages.

Jobs lost during the recession paid an average $61,637. As of 2014, jobs in the same sectors paid an average of $47,171 annually.

"Under a similar analysis conducted by the Conference of Mayors during the 2001-2002 recession, the wage gap was only 12% compared to the current 23%--meaning the wage gap has nearly doubled from one recession to the next," stated the Conference of Mayors in a statement.

The report also found that 73% of metro area households earn salaries of less than $35,000 a year.

President Barack Obama, who is on a two-week vacation at Martha's Vineyard, has yet to comment on the dour economic findings.

[FORD]

As our friend in the red suit would say.... what a steaming pile of dragonshit spin.

[twonabomber]

I dunno. Mine's only gone up since before 2008.

[Seshmeister]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

[Nitro Express]

Actually who's president has less to do with large economic cycles than demographics do. Economies are driven by baby booms. Right now we are in a demographic bust and also a 100 year cycle where the upper percent of society skim more income for themselves because they manage to buy off politicians when nobody cares. Glass Steigal was repealed when everyone was focused on getting rich quick in real estate or in the stock market. When Clinton was president. Once people get burned enough and pissed enough, the regulation returns and the bubbles the speculators created pop and the wealth gap closes.

All I know is when the real estate bubble pops again there will be some bargains to be had. Once in a lifetime fortunes will be made. These are times the next Joe Kennedy makes his killing and a new family will party for decades on the wealth made. So we are again in the age of robber barons and bubbles. No way to fix it quick. Of course in such times, the politicians want a war. They need a distraction.

Obama is history. He will be known as the first US black president and little else. If he wasn't black he would be as forgettable as George W Bush and frankly I think Obama has more in common with W than most people would care to admit.

[Nitro Express]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

It's pretty obvious Obama is a corporate president. He's a GE, Goldman Sachs, and Monsanto man. I think calling him a corporate fascist would be quite accurate.

[jacksmar]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

Socialist Workers Party’s Alex Callinicos backs Scottish nationalism
By Jordan Shilton
12 August 2014

Britain’s Socialist Workers Party’s (SWP’s) leading theoretician, Alex Callinicos, has authored an article in the latest edition of the International Socialist Journal in which he gives unconditional backing for Scottish independence.

“Towards the breakup of Britain” is pure political deception. The core of his argument is that anything which produces the break-up of the British state is progressive. He begins by asserting, “The outcome of the referendum on Scottish independence on 18 September could tear a huge chunk out of the United Kingdom, rendering its very name a joke.”

-----------------------------------------------------------------------------------

Don't you have your own socialist problem to curry?

[Kristy]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

[DLR Bridge]

I dunno. Mine's only gone up since before 2008.

Same here, thank fuck. Unfortunately, inflation is always a few steps ahead of me.

[Mushroom]

Obama is either socialist or he isn't, can't have it both ways.

And in the real world away from Fox News and idiots on the internet he clearly isn't.

Without getting all technical and stuff the rich have got much much richer and the poor poorer and the middle a bit poorer too.

Yes! Thank you Sesh.

Obama is actually a Marxist! He truly believes “From each according to his ability, to each according to his need."

[Mushroom]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

It did not mention men's wages either. Oh Fuck! Who are they talking about????

"Now I'm really confused." Kristy

[dazzlindino]

Oh, Dear. Well, better run right out and buy some Chinese made crap at the local Walmart. That'll fix the economy. Funny how that fucking "article" by Trollvis fails to mention women's wages.

He didn't have time or care to find the women thingy...
He is still searching for another xtian persecution article...yet he thinks 99% of the people that claim to be xtianz aren't.....go figure...

[ELVIS]

Funny how that fucking "article" by Trollvis fails to mention women's wages.

Funny how you're so trendily dumb...

Hey, you wanna know what the wages of sin is ??

DEATH

[dazzlindino]

Funny how you're so trendily dumb...

Hey, you wanna know what the wages of sin is ??

DEATH

everyone dies....or do you plan to live forever....

[Seshmeister]

Don't you have your own socialist problem to curry?

I don't view it as a problem.