Wages and benefits rise in 2009 by smallest amount on records going back 27 years

Discussion in 'Economy' started by xsited1, Jan 29, 2010.

  1. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    Wages and benefits rise weak 1.5 percent in 2009 - Yahoo! Finance

    I can certainly vouch for this in my neck of the woods. What do you kind folks think about this?
     
    • Thank You! Thank You! x 1
  2. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    It's the recession stupid!

    just saying :)
     
  3. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,035
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    "Rising less" is Different from, "In the toilet. . . you must go. . . you must go," which is where all that went in the 1930's.

    Millions were on the streets, of course: And did no such thing!

    This time out, Federal Reserve started cranking up the money supply, even with the Bush Administration still in office. The Bush Administration then finally kicked-in with rebates, TARP, and the virtual take-over of entire economic sectors.

    And so wages and benefits rose.

    The Design of a recovery is different, however, from the Triggers that get pulled to get it started. "Triggers" is an intentional language, just like the arithmetic that happened, creating the outcome that was intended.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Hmmm. Want hunting grounds back. . .with Mineral Rights. . .and Reparations. . . .and Commerical Real Estate Holdings! Thing works, and even with no negro dialect(?)--("Reagan 'Trajectory'"(?))! More Like Cheney Trajectory, are some triggers!)
     
  4. Meister
    Offline

    Meister VIP Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,900
    Thanks Received:
    8,099
    Trophy Points:
    63
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,100
    Part of the cause would be the recession, of course. But with the uncertainty of the market going forward, and the administrations policies uncertainty. Businesses are holding off on hiring and wage adjustments. One thing businesses don't do well with is uncertainty, like with cap and tax, minimum wage increases, and healthcare.
     
  5. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Ohh I forgot about the minimum wage increase causing this meltdown.
     
  6. Meister
    Offline

    Meister VIP Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,900
    Thanks Received:
    8,099
    Trophy Points:
    63
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,100
    Are you this stupid, UScitizen? I don't think so, but you sure say some stupid things sometimes.
    Look at the threads title, okay? WAGE and BENEFITS, NOT ABOUT the MELTDOWN. Yes, minimum wage has some impact, or have you forgotten that the federal law now goes with a yearly revue on minimum wage increases?
     
    Last edited: Jan 29, 2010
  7. xsited1
    Offline

    xsited1 Agent P

    Joined:
    Sep 15, 2008
    Messages:
    17,750
    Thanks Received:
    5,299
    Trophy Points:
    198
    Location:
    Little Rock, AR
    Ratings:
    +5,306
    Agreed. There's too much uncertainty. Obama and the Democrats are anti-business which has a lot to do with it.
     
  8. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,035
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    Claiming That Obama and The Democrats are anti-business is like Senator-Elect Brown of Massachusetts claiming that cutting the taxes of the people who don't pay any is the "simple" way to stimulate the economy. According to Republican pundits, that will be the message in the MidTerms!

    Instead from Obama and The Democrats is as follows:

    "President Obama is set to unveil a $33 billion package of tax credits later today aimed at sparking more job growth. The plan includes providing a $5,000 tax credit for each net new employee a business hires"

    Putting customers to work, already opposed as "Stimulus" by GOP: Is actually not anti-business. Income tax filers, with no liability, will even be getting a refundable check in the next few weeks! That was definitely opposed by GOP, and may find even the Senator-Elect a break-away swing vote before it's over!

    People have been known to change political parties, even when in office.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Spectre. Of Death, Know How to Change! Senator In Raw Have Nothing To Change(?)!)
     
  9. Meister
    Offline

    Meister VIP Member Supporting Member

    Joined:
    Jan 15, 2009
    Messages:
    25,900
    Thanks Received:
    8,099
    Trophy Points:
    63
    Location:
    Conservative part of the Northwest
    Ratings:
    +8,100
    cap and trade
    taxing business and employees for obamacare
    energy industry in limbo
    minimum wage
    proposed Wallstreet regulations
    deficits rising

    All of this is not good for business, and by throwing a couple of bones to the hounds is not going change the the perception from this past year.
     
  10. Article 15
    Offline

    Article 15 Dr. House slayer

    Joined:
    Jul 4, 2008
    Messages:
    24,673
    Thanks Received:
    4,832
    Trophy Points:
    183
    Ratings:
    +4,859
    I think it makes perfect sense and it shouldn't surprise anyone that isn't in a vegetated state.
     

Share This Page