Workers see their paychecks get smaller as inflation continues to rise

[healthmyths]

It’s the gop war on the working man. Meanwhile, big biz is gangbusters . CEOs never had it so good .

Prove it. Where are your facts? All suppositions....

 

[eagle1462010]

I got a pay raise when we negotiated contracts.

 

[eagle1462010]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

DDDUUUUUHHHHH DERP DERP DERP ^^^^^^^^


your wages buy LESS THAN THEY DID before you lost your job in 2015 ..

RWs are total idiots

You lost. Oh nevermind you must live in California.

 

[edward37]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

DDDUUUUUHHHHH DERP DERP DERP ^^^^^^^^


your wages buy LESS THAN THEY DID before you lost your job in 2015 ..

RWs are total idiots

You lost. Oh nevermind you must live in California.

You got the scraps 86% of tax cut money went to those already eating high on the hog But don't worry ,,your kids and grand kids will pay

 

[healthmyths]

It’s the gop war on the working man. Meanwhile, big biz is gangbusters . CEOs never had it so good .

Say you are a CEO of one of those companies.
And you get the average salary of a Fortune 500 company... Now remember the number Fortune 500... 500 companies OK?

The average salary of the Fortune 500 CEO is: $10.5 million.

Forbes magazine reported that the average total compensation for a Fortune 500 CEO as of the 2012 Fortune survey was $10.5 million. This broke down as $3.5 million in salary and bonus, $3.8 million in other compensation such as personal perk packages and $3.2 million from exercising vested stock options and awards.
The combined compensation for the 500 CEOs was $5.2 billion
The Average Income of a CEO of a Fortune 500 Company

OK...What is the Average American's salary? Answers: What Americans Earn

Roughly $50,000. That's how much the median households makes in income and benefits per year.
In other words, half of American households made less than $50,000 and half made more.
About one in three households (30.1 percent) made between $50,000 and $100,000.
The Census counted 114.6 million households in 2010, the most recent year for which it has published data.

So that means 30% of 114.6 million households make at least $50,000 or the total gross income of these 34 million households is: $1,719,000,000,000 -- $1.7 Trillion!


And you idiots are bitching about $5.2 billion?
Which is 3/10ths of 1%?
Or Let's be ridiculous!

TAKE THAT $5.2 billion away from those GREEDY bastards!!!!
Divide amongst those poor middle class 114.6 million households and LETS raise their gross take home pay individually by: $45.38! YEA! Way to go!
We've now taken away from those FILTHY EVIL CEOs $5.2 billion that are responsible for part of those $1.719 Trillion in salaries and gave it back to the PEOPLE!!!! YEA
$45.38 per household! WAY TO GO Socialism!!!

 

[healthmyths]

Now on the other hand...

1) More jobs than people to fill them.
2) Greater emphasis on law and order
3) Making American trade deals FAIR.
4) Providing incentives for companies to stay or come back to the USA.

All of the above facts are supported by this web page:
700 examples of pay raises, charitable donations, special bonuses, 401(k) match hikes, business expansions, benefit increases, and utility rate reductions attributed to the Tax Cuts and Jobs Act
https://www.atr.org/sites/default/files/assets/National List of Tax Reform Good News (27).pdf

Now go to this site and figure out what your tax savings will be for 2018...
2018 Withholding Calculator

Based on some rough calculations using the average income of $50,000 the average $50,000 household will see a reduction of nearly $2,000!
So yea... LETS go after those evil CEOs and add another $45 to the 114 million households that should see a $2,000 savings! Yea that's the ticket!!!

 

[McRocket]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

Okay 'Bunky'?

Here is the U-3 chart for the last ten years:

Bureau of Labor Statistics Data

And the Household Survey employed stats:

Employment status of the civilian noninstitutional population, 1947 to date

Now why don't you show me where the U-3/employment growth was stagnant under Obama (after the end of the 'Great Recession') and where it suddenly accelerated downwards once Trump took office?

Trump has not accelerated the U-3 drop OR total employed (Household Survey) ONE BIT.


Once again, I am neither Dem nor Rep.

There are MULTIPLE U-3 Charts, which one are you quoting?

They were two different statistics.

Than just look at this graph then please. This is the U-3 (the official unemployment rate) over the last ten years:

Bureau of Labor Statistics Data

Now tell me how the U-3 (the official unemployment rate) - since the end of the 'Great Recession' - has drastically changed it's trajectory since Trump took office?

 

[edward37]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

 

[SmokeALib]

I got a pay raise when we negotiated contracts.

Me too. Where do the leftist traitors get this shit?

 

[SmokeALib]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Ah, you have to work to get a pay cut.

 

[Correll]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Interesting find.


"Ryan Sweet, an economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said given that inflation has been low in recent years, “the sense of urgency” hasn’t been there to negotiate for higher wages. In the post-recession labor market, workers have forgotten how to bargain.

“As the labor market came back, workers were just happy to have survived,” Sweet said. “They value their job security more than asking for a higher wage.”

What will determine real wages in the coming months is not inflation as much as what happen to wages, he said. “I do anticipate nominal wage growth picking up which should help drive up real wage gains over the next few months.” "


I still want to blame management more than workers.


Though I have been discussing how the conditions are ripe for a massive comeback by unions, if they can not shoot themselves in the foot.

 

[Siete]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

DDDUUUUUHHHHH DERP DERP DERP ^^^^^^^^


your wages buy LESS THAN THEY DID before you lost your job in 2015 ..

RWs are total idiots

Ya Freakin twit, YOU HAD NO JOB IN 2014!

I know, I retired before I was 50 .. twitboi

bite this

 

[BasicHumanUnit]

I know, I retired before I was 50 .. twitboi

ummmm....not sure you can call disability checks....."retirement"


bite this

 

[Crepitus]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

Lol, President Obama's last monthly UE numbers were 4.8%.

 

[edward37]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Ah, you have to work to get a pay cut.

True Been retired for 12 years Coining it

 

[SmokeALib]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Ah, you have to work to get a pay cut.

True Been retired for 12 years Coining it

From what? Bedwetting?

 

[edward37]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Ah, you have to work to get a pay cut.

True Been retired for 12 years Coining it

From what? Bedwetting?

Obama's stock market made me even wealthier

 

[edward37]

I think there is a lot of institutional stupidity among the management class.

They have gotten fat and lazy, with an unlimited supply of cheap foreign labor, both legal and illegal.


They have forgotten that part of their job is to find and keep good employees.


THey can't imagine that they can't get good employees while paying shit and treating them like shit.


We need to keep turning up the heat on these morons. Eventually they will get the message.

MARKETS
American Workers Just Got a Pay Cut in Economy Trump Calls Great

Ah, you have to work to get a pay cut.

True Been retired for 12 years Coining it

From what? Bedwetting?

Obama's stock market made me even wealthier

I'm required to take out of an IRA more each year than most repub retards earn in a year

 

[Admiral Rockwell Tory]

'While the rest of the economy pointed higher in July, American workers took a step backwards.

Hourly and weekly earnings languished when factoring in the rise in cost of living, according to figures the Labor Department released Friday.

Average weekly earnings actually decreased 0.2 percent over the one-month period and increased only fractionally from the same period a year ago. Average hourly earnings were unchanged over the month and actually two cents lower than July 2017.


The readings came during a month that saw core inflation rise at its fastest pace since September 2008. The Consumer Price Index increased 0.2 percent month over month for an annual gain of 2.4 percent, up one-tenth of a percentage point from June and driven primarily by a jump in rental costs.

The decline puts real wages on their worst level since October 2012.'

Workers see their paychecks get smaller as inflation continues to rise

Economic growth leaves the little guy/gal behind.

And if inflation keeps rising above the Fed's 2% target...they will eventually have to step in and raise rates...which will hurt the economy.

Really?
OK, splain this to me Bunky.
You have been out of work since 2015 under Obummy.
Trump comes along and Lo and behold, you land a job paying $20 per hour.
Tell me the impact of .09% inflation when your pay went from 0 to $800 per week.

Okay 'Bunky'?

Here is the U-3 chart for the last ten years:

Bureau of Labor Statistics Data

And the Household Survey employed stats:

Employment status of the civilian noninstitutional population, 1947 to date

Now why don't you show me where the U-3/employment growth was stagnant under Obama (after the end of the 'Great Recession') and where it suddenly accelerated downwards once Trump took office?

Trump has not accelerated the U-3 drop OR total employed (Household Survey) ONE BIT.


Once again, I am neither Dem nor Rep.

Ah, but you are an incredible dumbass!