Mexico, here we come as wages plunge

Discussion in 'Politics' started by shintao, Nov 7, 2010.

  1. shintao
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    shintao Take Down ~ Tap Out

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    Looks like everything is going the Republican way, and can be traced back to them, like Corporations cutting wages, and raising profits. Thanks Replugs!!! :clap2:

    US tax data shows falling wages, rising inequality
    By Andre Damon and Tom Eley
    6 November 2010
    Average annual wages for US workers fell by $457 in 2009 and the median annual wage fell by $247 to $26,261, according to recently updated data from the Social Security Administration (SSA).

    Meanwhile, the incomes of the top-earning corporate executives barely budged in 2009. The pay of the handful of individuals making over $50 million fell by about 7 percent 2009, despite the fact that stocks fell in value by 40 percent, demolishing the claim that executive bonuses are tied to corporate “performance.”

    Last year, in the midst of 10 percent unemployment, a relative handful of Americans lived as royalty. In 2009 there were 3,689 individuals who made between $5 million and $10 million, and 1,618 who made $10 million or more, including 425 who made $20 million, and 72 who brought in $50 million or more

    US tax data shows falling wages, rising inequality
     
    Last edited: Nov 7, 2010
  2. hipeter924
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    hipeter924 Not a zombie yet

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    What a racist, stop discriminating against Mexicans, you evil Republican....no wait....you are a Democrat right? :poke:
     
  3. ConservativeDad
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    ConservativeDad Obamaphobic

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    So the evil rich saw a 7% drop in income, while the median annual wage dropped by less than 1%. I'm sure there are lots better examples to demonize the rich than this...

    Jes sayin'
     
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  4. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    What exactly is wrong with making profits?

    And what is wrong with lowering wages if you are paying too much for certain jobs?
     
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  5. shintao
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    shintao Take Down ~ Tap Out

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    Yep, we should feel sorry for those millionaires as well. They are the Losers headed into the Mexico scenario. Just goes to show it can happen to anybody, it most likely will happen, and you are going down with them. Good time to buy a serape, a tin cup & dark glasses and pick yourself out a corner.:lol:
     
  6. Tank
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    Tank Gold Member

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    Some people would rather be poor, then be called a racist
     
  7. shintao
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    shintao Take Down ~ Tap Out

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    Oh, do you think it is only certain jobs being lowered? I have no idea. And certainly nothing wrong with making profits, if you do it without screwing the workers. Yet screwing the worker seems to be the best way to make profits, isn't it?
     
  8. Baruch Menachem
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    Baruch Menachem '

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    You did notice we are in the midst of the longest and worst sustained unemployment numbers since the late 70's?

    and if you want to blame folks, well, most recessions don't last very long. The policies get fixed, and we move on. This one seems to have been deliberately prolonged. Republicans lost congress in 2007, and lost the presidency in 2009. So how is the current situation still their fault. Even if their stupidity was pretty bad at the beginning of the crisis.
     
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  9. Moon
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    Moon Why so serious?

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    Socialists don't like profits.
     
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  10. Tom Clancy
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    Tom Clancy Clancy for Ron Paul

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    Wait, not even 4 days in and your already doing this shit?
     

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