DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Sinking ECONOMY vs. Right-Wing Spin

**Freedjome** · 01-29-2006, 03:09 AM

You are confusing effect with cause.

The fall in wages happened prior to the rise in workers holding multiple jobs, which is itself a result of falling wages.

Let's put it into specifics:

For minimum wage to be where it was in 1968, it would have to be now at $8.50/hr.

Wal-Mart, our largest employer post-free trade, pays its workers an average of $8.82/hr.

General Motors our largest employer pre-free trade paid its workers (1973) approx $11.00/hour.

As real wages are the ONLY source of $ for 80% of workers it is the best measure of our decline

01-29-2006, 03:09 AM	#16
Freedjome Join Date Oct 2005 Posts 424 Senior Member	You are confusing effect with cause. The fall in wages happened prior to the rise in workers holding multiple jobs, which is itself a result of falling wages. Let's put it into specifics: For minimum wage to be where it was in 1968, it would have to be now at $8.50/hr. Wal-Mart, our largest employer post-free trade, pays its workers an average of $8.82/hr. General Motors our largest employer pre-free trade paid its workers (1973) approx $11.00/hour. As real wages are the ONLY source of $ for 80% of workers it is the best measure of our decline
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