Real Average Hourly Earnings in America are Dropping

[McRocket]

The unemployment rate has fallen over the last 12 months...yet real wages have as well.
That blows that theory of yours COMPLETELY out of the water.

You are a macroeconomic retard...now you have shown it for all the world to see.

There is ALWAYS a wage lag and as pointed out to you by another member that lag DOES NOT EXIST.
You really are a different kind of stupid huh?

LOL...you are too funny.

First - I cannot be stupid, the government tested me at a 125 IQ.

Second -

Bureau of Labor Statistics Data

The unemployment rate has been dropping steadily for 8 years.

LOL...so, your 'theory' is that wages start to 'lag' when the unemployment rate drops for 8+ years?

LOL....keep trying to pull more nonsense out of your ass. You clearly have NO IDEA what you are talking about.

You are making a fool of yourself and it is fun to watch.

My IQ tested higher than Hawking, ask around idiot.

LOL...one, I did not ask, nor care what your IQ is (though it is obviously pretty low).

Two...I see you dodged my trouncing of your pathetic (made up) theories.


I have wasted enough time on you...I will let others (who actually understand macroeconomics AND have an open mind) decide whether your 'theories' are anything more than gobbledegook.

Bu bye for now.

Dale Smith was nice enough to offer and TRY to educate your childish ass. But you just stick with your pre-programed horse shit spewing mind and maybe , just MAYBE you will last a month here McStupid.

Dale Smith is blathering semi-nonsense (about inflation). If he seriously believes the only cause of inflation is that mess he typed - then you both are ignorant on the subject.
I included a link to how inflation is calculated by the government - I suggest you both learn it.

Second - once again, you keep ignoring what a mess I made of your nonsensical 'theories'. So we know you have not even got the guts to admit when you have been poven wrong.

Third - LOL, are you not tired of making yourself look foolish? 'just maybe I will last here a month'? I have alreaady 'lasted' here over 2...it's that date under my name.

Geez man...you are clearly not bright, a troll AND do not have enough honor to admit when you are proven wrong.

What a useless person you must be...at least online.

Once again, we ARE done here. I will not be wasting my time reading your childish posts any longer (in this thread anyway).

Have a WONDERFUL day.

 

[Nia88]

And wages are going to keep dropping as long as America keeps running on the broken capitalist system and the failed two party system.

It’s about time we had another revolution. The 99% needs to rise up.

Oh, your are one of those eat the rich morons. So AFTER you eat the rich then who idiot?
Your idiot idea is FAILING in Washingto, Oregon and California.

I’m not saying eat the rich. But the rich shouldn’t be getting richer while the middle and working class are getting poorer. There’s something wrong. The balance is off if that’s happening.

 

[McRocket]

And wages are going to keep dropping as long as America keeps running on the broken capitalist system and the failed two party system.

It’s about time we had another revolution. The 99% needs to rise up.

I agree completely.

 

[Nia88]

And wages are going to keep dropping as long America as keeps running on the broken capitalist system and the failed two party system. It’s about time we had another revolution. The 99% needs to rise up.

What kind of economic system would you prefer?
.

Something other than capitalism. Hey maybe if we had real leaders, they could come up with a new and fresh economic system that would better America.

 

[Meathead]

(In the last paragraph of the link)

'From May 2017 to May 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted.'

Real Earnings S

(In the last paragraph of the link)

'From May 2017 to May 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted.'

Real Earnings Summary


And this is from the government - the BLS.

Not good...to say the least.

"Real average hourly earnings were unchanged, seasonally adjusted, from May 2017 to May 2018.
Combined with a 0.3-percent increase in the average workweek, real average weekly earnings increased
by 0.3 percent over this period."

I hate dingbats.

You must hate yourself then.

Your stat is for ALL employees.

My stat is for all employees minus company supervisors like department heads, managers, executives, officers and superintendents.

https://www.bls.gov/ces/idcf/forme_sp.pdf

In other words, my stat applies to all those people who do the dirty work...your stat includes the higher ups.

Which stat is more applicable to the average American? Yours or mine?

The stats in the report. And you're a ding bat.

 

[McRocket]

And wages are going to keep dropping as long America as keeps running on the broken capitalist system and the failed two party system. It’s about time we had another revolution. The 99% needs to rise up.

What kind of economic system would you prefer?
.

Something other than capitalism. Hey maybe if we had real leaders, they could come up with a new and fresh economic system that would better America.

Well, I disagree with you there.
Communism is a nice idea - everyone sharing everything and all - but I am afraid humanity is too greedy to make it work at it's present level of evolution. Perhaps in a few hundred years or so.

I think capitalism is good. It is the corruption of government/central banks that is the problem, IMO.

But I guess we shall just have to agree to disagree.

 

[DarkFury]

There is ALWAYS a wage lag and as pointed out to you by another member that lag DOES NOT EXIST.
You really are a different kind of stupid huh?

LOL...you are too funny.

First - I cannot be stupid, the government tested me at a 125 IQ.

Second -

Bureau of Labor Statistics Data

The unemployment rate has been dropping steadily for 8 years.

LOL...so, your 'theory' is that wages start to 'lag' when the unemployment rate drops for 8+ years?

LOL....keep trying to pull more nonsense out of your ass. You clearly have NO IDEA what you are talking about.

You are making a fool of yourself and it is fun to watch.

My IQ tested higher than Hawking, ask around idiot.

LOL...one, I did not ask, nor care what your IQ is (though it is obviously pretty low).

Two...I see you dodged my trouncing of your pathetic (made up) theories.


I have wasted enough time on you...I will let others (who actually understand macroeconomics AND have an open mind) decide whether your 'theories' are anything more than gobbledegook.

Bu bye for now.

Dale Smith was nice enough to offer and TRY to educate your childish ass. But you just stick with your pre-programed horse shit spewing mind and maybe , just MAYBE you will last a month here McStupid.

Dale Smith is blathering semi-nonsense (about inflation). If he seriously believes the only cause of inflation is that mess he typed - then you both are ignorant on the subject.
I included a link to how inflation is calculated by the government - I suggest you both learn it.

Second - once again, you keep ignoring what a mess I made of your nonsensical 'theories'. So we know you have not even got the guts to admit when you have been poven wrong.

Third - LOL, are you not tired of making yourself look foolish? 'just maybe I will last here a month'? I have alreaady 'lasted' here over 2...it's that date under my name.

Geez man...you are clearly not bright, a troll AND do not have enough honor to admit when you are proven wrong.

What a useless person you must be...at least online.

Once again, we ARE done here. I will not be wasting my time reading your childish posts any longer (in this thread anyway).

Have a WONDERFUL day.

Eat a dick McStupid, eat a dick.

 

[Nia88]

And wages are going to keep dropping as long America as keeps running on the broken capitalist system and the failed two party system. It’s about time we had another revolution. The 99% needs to rise up.

What kind of economic system would you prefer?
.

Something other than capitalism. Hey maybe if we had real leaders, they could come up with a new and fresh economic system that would better America.

Well, I disagree with you there.
Communism is a nice idea - everyone sharing everything and all - but I am afraid humanity is too greedy to make it work at it's present level of evolution. Perhaps in a few hundred years or so.

I think capitalism is good. It is the corruption of government/central banks that is the problem, IMO.

But I guess we shall just have to agree to disagree.

I think capitalism with a splash of socialism would work. But unfortunately most Americans are so ignorant they think socialism is the same as communism.

A lot of flourishing European counties have a mix of socialism and capitalism.

 

[Mac1958]

And wages are going to keep dropping as long America as keeps running on the broken capitalist system and the failed two party system. It’s about time we had another revolution. The 99% needs to rise up.

What kind of economic system would you prefer?

Something other than capitalism. Hey maybe if we had real leaders, they could come up with a new and fresh economic system that would better America.

Well, we'd need a lot more in the way of informed specifics than that. Maybe the basic structure of capitalism isn't the problem, perhaps the problem is the way it's implemented. There are certainly tweaks that can be made all over the place that would give it a very different look.

Your point about the 99% rising up is important. What the economic libertarians still haven't figured out is that, if economic imbalances continue to increase, there will be a response, in the voting booth. My guess is that the response will go too far in the other direction (we just LOVE doing that), instead of thinking this through.

This stuff, like everything else, lies on a continuum.
.

 

[Nia88]

LOL...you are too funny.

First - I cannot be stupid, the government tested me at a 125 IQ.

Second -

Bureau of Labor Statistics Data

The unemployment rate has been dropping steadily for 8 years.

LOL...so, your 'theory' is that wages start to 'lag' when the unemployment rate drops for 8+ years?

LOL....keep trying to pull more nonsense out of your ass. You clearly have NO IDEA what you are talking about.

You are making a fool of yourself and it is fun to watch.

My IQ tested higher than Hawking, ask around idiot.

LOL...one, I did not ask, nor care what your IQ is (though it is obviously pretty low).

Two...I see you dodged my trouncing of your pathetic (made up) theories.


I have wasted enough time on you...I will let others (who actually understand macroeconomics AND have an open mind) decide whether your 'theories' are anything more than gobbledegook.

Bu bye for now.

Dale Smith was nice enough to offer and TRY to educate your childish ass. But you just stick with your pre-programed horse shit spewing mind and maybe , just MAYBE you will last a month here McStupid.

Dale Smith is blathering semi-nonsense (about inflation). If he seriously believes the only cause of inflation is that mess he typed - then you both are ignorant on the subject.
I included a link to how inflation is calculated by the government - I suggest you both learn it.

Second - once again, you keep ignoring what a mess I made of your nonsensical 'theories'. So we know you have not even got the guts to admit when you have been poven wrong.

Third - LOL, are you not tired of making yourself look foolish? 'just maybe I will last here a month'? I have alreaady 'lasted' here over 2...it's that date under my name.

Geez man...you are clearly not bright, a troll AND do not have enough honor to admit when you are proven wrong.

What a useless person you must be...at least online.

Once again, we ARE done here. I will not be wasting my time reading your childish posts any longer (in this thread anyway).

Have a WONDERFUL day.

Eat a dick McStupid, eat a dick.

Aren’t we feisty.

 

[Dale Smith]

OMG the sky is falling

And who said it was?


Now maybe explain to us now consumers are supposed to keep up with rising prices/inflation and expenses while real wages are dropping?

God you Trumpbots are idiots.

That means that people are losing purchasing power...you knucklehead.

Or I suppose you think that is a good thing.

What this country needs is more poorly skilled and poorly educated illegals that can't speak the language or understands how indoor plumbing works AND give amnesty to the 20 to 30 million illegals that are already here! That will fix the problem!

Why is there inflation? What causes it? I bet you haven't a clue.....prove me wrong.

'What is 'Inflation'
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.'

Inflation


You stupid idiot...inflation is caused by numerous sources. There is no one cause. Your question is moronic.

Rising prices, rising wages, shortage of goods, a disaster/fear of impending disaster, falling currency value, too much money 'printing', rising interest rates, fear of rising interest rates, lack of faith in the economy and on and on can cause inflation.
There is no one, single cause....DUH.


Now answer your own moronic question...

No, there is but one cause, shock testing by creating artificial scarcities will cause certain items to rise in cost but people have the option of not using them or cutting back on the purchases of said items. Inflation is caused by dumping more scrip notes into the system in order to service the debt created by the extension of "credit" given by a central bank that isn't federal nor has any reserves thus the fiat currency has to expand exponentially in order to service the debt. The more there is of something, the less it is worth. Let's say there are 1,000 Pete Rose baseball cards in circulation and I possess 100 of them but then all of the sudden another 10,000 cards become available..are my cards worth more now or are they worth less? The federal reserve note of debt has lost 97 percent of it's purchasing power since our monetary system was given over by Woodrow Wilson and a quorum full of bought and paid for politicians that stayed behind during the Christmas break on December 23rd, 1913 and the cowards passed it with a "nay" or "yay" vote for plausible deniability.

The federal reserve note of debt has lost 97 percent of it's purchasing power since the Federal Reserve Act of 1913 AND that was the same year the 16th amendment was put in place in order to steal the wages of their debt slaves in order to pay interest on fiat currency created by an empty checkbook of the Fed. Questions????

1) your (blathering) theory is not correct as THE ONLY means of inflation.
You are using the VERY old definition of inflation - which was basically to do with the value of currency.
That is not how the official inflation rate is devised.
This is how the CPI is calculated.
How Do I Calculate the Inflation Rate? | InflationData.com

2) if you are saying that the Fed stinks (I am not sure as you have a very round about, overly wordy way of speaking - trying your hand at Greenspan-talk, no doubt) - I agree 100% with you. If there is one cause above all others for the economic mess that has reared since 2001, it is the Federal Reserve.


Anyway, we are done here as I am not sure if you are just trolling or being serious.

Good day.

No, I am "dead on" correct because I have invested thousands of hours reading and researching as to how this fiat/debt based monetary system works. Every country with a central bank ( whose shareholders also control the IMF, BIS and Global Bank) are up to their necks in debt because if every piece of currency is borrowed into existence, how can the interest ever be repaid? You can't pull 11 marbles out of a bag that only contains 10 and THAT is why bankruptcies and foreclosures are built into this parasitic system. At least we both agree that the Federal Reserve central bank is a bad thing.

 

[theHawk]

(In the last paragraph of the link)

'From May 2017 to May 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted.'

Real Earnings Summary


And this is from the government - the BLS.

Not good...to say the least.

Yea, they’d be better off unemployed like they were during the Hussein regime.

 

[McRocket]

I can see that most of you Trumpbot knuckleheads are not getting the point of the OP.

No...the drop in income is not catastrophic - or even close.

But Trump has said over and over again how the economy is the 'greatest ever'.

Trump Says U.S. Economy Is the ‘Greatest’ Ever. It's Not.

It is flat out impossible for it to be the 'greatest ever' when Real Average Hourly Earnings are dropping.

IMPOSSIBLE.


It's pretty pathetic that I have to explain that to you Trumpbot hicks...but, so be it.
Either you are too stupid to get it or you are too blinded by the Great Con Artist to dare.

 

[Mac1958]

And yet another high level USMB discussion on macroeconomics decays into grade school personal insults and name-calling.

Ya gotta love this place! Ya just gotta!


.

 

[Meathead]

And yet another high level USMB discussion on macroeconomics decays into grade school personal insults and name-calling.

Ya gotta love this place! Ya just gotta!


.

There are very few, if any, high-level discussion on USMB. Still, a thread based on such a low-level of veracity invariably results personal insults and name-calling.

 

[ThunderKiss1965]

And wages are going to keep dropping as long as America keeps running on the broken capitalist system and the failed two party system.

It’s about time we had another revolution. The 99% needs to rise up.

So everyone can be equally miserable right ?

 

[Correll]

I can see that most of you Trumpbot knuckleheads are not getting the point of the OP.

No...the drop in income is not catastrophic - or even close.

But Trump has said over and over again how the economy is the 'greatest ever'.

Trump Says U.S. Economy Is the ‘Greatest’ Ever. It's Not.

It is flat out impossible for it to be the 'greatest ever' when Real Average Hourly Earnings are dropping.

IMPOSSIBLE.


It's pretty pathetic that I have to explain that to you Trumpbot hicks...but, so be it.
Either you are too stupid to get it or you are too blinded by the Great Con Artist to dare.

THe factors driving wage stagnation are Trade and Immigration.


Trump's stated policies are the right ones. He certainly, and obviously needs to do more.


His various opponents, especially Hillary, were firmly committed to the status quo, which is generations of wage stagnation.


If you want rising wages, the only game in town, is Trump.


Otherwise you might as well just lie down in the street and wait to die.

 

[Admiral Rockwell Tory]

(In the last paragraph of the link)

'From May 2017 to May 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted.'

Real Earnings S

(In the last paragraph of the link)

'From May 2017 to May 2018, real average hourly earnings decreased 0.1 percent, seasonally adjusted.'

Real Earnings Summary


And this is from the government - the BLS.

Not good...to say the least.

"Real average hourly earnings were unchanged, seasonally adjusted, from May 2017 to May 2018.
Combined with a 0.3-percent increase in the average workweek, real average weekly earnings increased
by 0.3 percent over this period."

I hate dingbats.

You must hate yourself then.

Your stat is for ALL employees.

My stat is for all employees minus company supervisors like department heads, managers, executives, officers and superintendents.

https://www.bls.gov/ces/idcf/forme_sp.pdf

In other words, my stat applies to all those people who do the dirty work...your stat includes the higher ups.

Which stat is more applicable to the average American? Yours or mine?

The company supervisors like department heads, managers, executives, officers, and superintendents are all likely conservatives and not dependent on the state for their income.

 

[Admiral Rockwell Tory]

0.1 %? Are you for real shit for brains? 0.1? Lord knows you must be a moron.

Yeah idiot.

That means that wages are falling in real terms.

They are supposed to be going the other way...DUH.

The last time wages dropped compared to inflation - the DOW nosedived 1000 points...it's a BIG deal you macroeconomic dumbass.


But why don't you explain to us all - using links to unbiased, factual proof to back up your claims - how real wages dropping over an entire year (while the economy is supposed to be 'booming') - is a good thing?

(this should be good for a laugh)

Well moron wages WILL go up as unemployent goes down. Competing for workers is what drives wages up.

The unemployment rate has fallen over the last 12 months...yet real wages have as well.
That blows that theory of yours COMPLETELY out of the water.

You are a macroeconomic retard...now you have shown it for all the world to see.


Oh...and my IQ (as tested by the government) is 125. Plus I have a BS in business. I am hardly a 'moron'. But if you want to post untruth's...go ahead.

You realize that intelligence quotient measures potential not accomplishment. You could very well be a moron, and claiming 0.1% is statistically significant is proof positive that you are well on the way towards winning that title. You did take statistics in your business courses, right? Too bad you apparently did not learn much.

 

[DarkFury]

0.1 %? Are you for real shit for brains? 0.1? Lord knows you must be a moron.

Yeah idiot.

That means that wages are falling in real terms.

They are supposed to be going the other way...DUH.

The last time wages dropped compared to inflation - the DOW nosedived 1000 points...it's a BIG deal you macroeconomic dumbass.


But why don't you explain to us all - using links to unbiased, factual proof to back up your claims - how real wages dropping over an entire year (while the economy is supposed to be 'booming') - is a good thing?

(this should be good for a laugh)

Well moron wages WILL go up as unemployent goes down. Competing for workers is what drives wages up.

The unemployment rate has fallen over the last 12 months...yet real wages have as well.
That blows that theory of yours COMPLETELY out of the water.

You are a macroeconomic retard...now you have shown it for all the world to see.


Oh...and my IQ (as tested by the government) is 125. Plus I have a BS in business. I am hardly a 'moron'. But if you want to post untruth's...go ahead.

You realize that intelligence quotient measures potential not accomplishment. You could very well be a moron, and claiming 0.1% is statistically significant is proof positive that you are well on the way towards winning that title. You did take statistics in your business courses, right? Too bad you apparently did not learn much.

That's why they call him McStupid.