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Average Quarterly Worker Income Up Lowest Since Records Began (1980)

HoustonHusky
HoustonHusky Member Posts: 6,000
And yes, that includes during the 2008 crash. Obamanomics in action...but how again, according to Hondo, is anything his fault?

Quarterly Increase in U.S. Worker Pay Smallest on Record
bloomberg.com/news/articles/2015-07-31/worker-pay-in-u-s-rises-0-2-smallest-gain-in-records-to-1982

Sad thing is, in our up-is-down and down-is-up world that seems to be bumping up the stock market, because it puts pressure on the Fed not to raise rates.

Bizarro-world in action...



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Comments

  • 2001400ex
    2001400ex Member Posts: 29,457
    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.
  • PurpleJ
    PurpleJ Member Posts: 37,643 Founders Club
    Sounds like Obama's plan is working.
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,099
    PurpleJ said:

    Sounds like Obama's plan is working.

    Wait until he gets his own oligarchs in there.

  • 2001400ex
    2001400ex Member Posts: 29,457
    PurpleJ said:

    Blackie said:

    As always, it's a great employment environment if you're not an unproductive imbicile.

    Yeah, but I miss the days when retards like Honda and draft2dodge could actually get jobs and didn't spend all day arguing their partisan talking points on the internet.
    From the dude with 9,000 posts?
  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 25,656 Standard Supporter
    This thread delivers. I could give my economic opinion, but fuck it.
  • 2001400ex
    2001400ex Member Posts: 29,457
    PurpleJ said:

    2001400ex said:

    PurpleJ said:

    Blackie said:

    As always, it's a great employment environment if you're not an unproductive imbicile.

    Yeah, but I miss the days when retards like Honda and draft2dodge could actually get jobs and didn't spend all day arguing their partisan talking points on the internet.
    From the dude with 9,000 posts?
    8918*
    8919*
  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
  • 2001400ex
    2001400ex Member Posts: 29,457
    2001400ex said:

    PurpleJ said:

    2001400ex said:

    PurpleJ said:

    Blackie said:

    As always, it's a great employment environment if you're not an unproductive imbicile.

    Yeah, but I miss the days when retards like Honda and draft2dodge could actually get jobs and didn't spend all day arguing their partisan talking points on the internet.
    From the dude with 9,000 posts?
    8918*
    8919*
    8922*
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
    Since you are the master of insight. Why don't you explain it to me then.
  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    2001400ex said:

    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
    Since you are the master of insight. Why don't you explain it to me then.
    You are arguing unemployment rates. The thread is about the overall pay for these "jobs" have been stagnant.

    Fucking moron.
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
    Since you are the master of insight. Why don't you explain it to me then.
    You are arguing unemployment rates. The thread is about the overall pay for these "jobs" have been stagnant.

    Fucking moron.
    So you don't think unemployment has anything to do with pay rates? Or realize the article says much more than "pay rates suck". Get past the headline.
  • greenblood
    greenblood Member Posts: 14,560
    2001400ex said:

    2001400ex said:

    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
    Since you are the master of insight. Why don't you explain it to me then.
    You are arguing unemployment rates. The thread is about the overall pay for these "jobs" have been stagnant.

    Fucking moron.
    So you don't think unemployment has anything to do with pay rates? Or realize the article says much more than "pay rates suck". Get past the headline.
    Basically, Hondo is arguing that lower pay is fine because a higher percentage of people are working?
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    2001400ex said:

    2001400ex said:

    The unemployment rate is fast approaching the 5-to-5.2 percent range that Fed policy makers have defined as full employment. The rate dropped to 5.3 percent in June, the lowest since April 2008.

    And unemployment claims are the lowest since 1973. I'm so confused.

    That is because of are fucking stupid.

    HTH but it won't.
    Since you are the master of insight. Why don't you explain it to me then.
    You are arguing unemployment rates. The thread is about the overall pay for these "jobs" have been stagnant.

    Fucking moron.
    So you don't think unemployment has anything to do with pay rates? Or realize the article says much more than "pay rates suck". Get past the headline.
    Basically, Hondo is arguing that lower pay is fine because a higher percentage of people are working?
    How did you read that? And I'm the one with the 8th grade education. I'm clearly saying that the supply and demand of jobs isn't propping up pay. If you buy into their methodology of polling 600 small businesses. In my industry, pay is doing well and I know several industries, such as medical and IT where wages are very high. Go apply as Microsoft with a 4 year college degree and get your 100k a year salary right out of school.

    In other words, they called 600 convenience stores and said that's a representative sample.
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    This seems like the kind of thing you complain about when you dont have anything important to complain about.
  • HoustonHusky
    HoustonHusky Member Posts: 6,000
    Govt handouts are up, so Hondo is content.

    Meanwhile the percentage of the population working is at the bottom end of historical standards, which makes the "unemployment" rate he quotes a joke. The U-6 and other measures show its still really high. Low unemployment rates drive up incomes instead of stagnating them, but why bring reality into the discussion.

    But hey, maybe Obama can mandate a pay increase for all the bartender and waiter jobs he generates and Hondo gargles over. That would fix everything...
  • 2001400ex
    2001400ex Member Posts: 29,457

    Govt handouts are up, so Hondo is content.

    Meanwhile the percentage of the population working is at the bottom end of historical standards, which makes the "unemployment" rate he quotes a joke. The U-6 and other measures show its still really high. Low unemployment rates drive up incomes instead of stagnating them, but why bring reality into the discussion.

    But hey, maybe Obama can mandate a pay increase for all the bartender and waiter jobs he generates and Hondo gargles over. That would fix everything...

    You sound just like Rush. Nice work.

    BTW, handouts are down.

    SNAP participation was 45,438,832 persons in April 2015, a decrease of 202,930 persons compared with March 2015, and a decrease of 808,516 persons compared with April 2014.

    http://frac.org/reports-and-resources/snapfood-stamp-monthly-participation-data/#apr
  • HuskyInAZ
    HuskyInAZ Member Posts: 1,732
    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


  • 2001400ex
    2001400ex Member Posts: 29,457
    HuskyInAZ said:

    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


    Nice work, you bitch about me cherry picking data, which I didn't do. Then you do what? Cherry pick data. Why don't you show a graph out a trend of SNAP? You'll see it increasing from 2007 through last year then decreasing. So your point of increasing handouts is false.

    For the OPs point, I addressed his point directly if you read my posts. Look at the information used to accumulate the data. Then I pointed out positive news from the exact same article which you dismiss.

    You see the point yet? You are trying to argue the economy is dumpster fire when it's not. It's not the economy of the 90s, but it's much better than it was 7 years ago. And that's a fact.
  • HuskyInAZ
    HuskyInAZ Member Posts: 1,732
    So let me get this straight. Under obama, foodstamp participation grew from 28 million to 47 million, then shrunk to 46 million. And that's a good thing?
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    HuskyInAZ said:

    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


    Nice work, you bitch about me cherry picking data, which I didn't do. Then you do what? Cherry pick data. Why don't you show a graph out a trend of SNAP? You'll see it increasing from 2007 through last year then decreasing. So your point of increasing handouts is false.

    For the OPs point, I addressed his point directly if you read my posts. Look at the information used to accumulate the data. Then I pointed out positive news from the exact same article which you dismiss.

    You see the point yet? You are trying to argue the economy is dumpster fire when it's not. It's not the economy of the 90s, but it's much better than it was 7 years ago. And that's a fact.
    It makes so much sense now why you were such a stout Sark defender on dawgbored.
    Except I wasn't.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 114,030 Founders Club

    2001400ex said:

    HuskyInAZ said:

    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


    Nice work, you bitch about me cherry picking data, which I didn't do. Then you do what? Cherry pick data. Why don't you show a graph out a trend of SNAP? You'll see it increasing from 2007 through last year then decreasing. So your point of increasing handouts is false.

    For the OPs point, I addressed his point directly if you read my posts. Look at the information used to accumulate the data. Then I pointed out positive news from the exact same article which you dismiss.

    You see the point yet? You are trying to argue the economy is dumpster fire when it's not. It's not the economy of the 90s, but it's much better than it was 7 years ago. And that's a fact.
    It makes so much sense now why you were such a stout Sark defender on dawgbored.
    He got kicked off by Kim
  • 2001400ex
    2001400ex Member Posts: 29,457
    HuskyInAZ said:

    So let me get this straight. Under obama, foodstamp participation grew from 28 million to 47 million, then shrunk to 46 million. And that's a good thing?

    Read for comprehension.
  • 2001400ex
    2001400ex Member Posts: 29,457

    2001400ex said:

    HuskyInAZ said:

    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


    Nice work, you bitch about me cherry picking data, which I didn't do. Then you do what? Cherry pick data. Why don't you show a graph out a trend of SNAP? You'll see it increasing from 2007 through last year then decreasing. So your point of increasing handouts is false.

    For the OPs point, I addressed his point directly if you read my posts. Look at the information used to accumulate the data. Then I pointed out positive news from the exact same article which you dismiss.

    You see the point yet? You are trying to argue the economy is dumpster fire when it's not. It's not the economy of the 90s, but it's much better than it was 7 years ago. And that's a fact.
    It makes so much sense now why you were such a stout Sark defender on dawgbored.
    He got kicked off by Kim
    Fuck off. 8th grade education, remember?
  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    2001400ex said:

    2001400ex said:

    HuskyInAZ said:

    Hijack threads and cherry pick data. That's what I like to do.

    The OP showed how wages continue to fall in the obama economy. HRYK

    Since you couldn't rationally argue with falling wages, you bring up unemployment. As was pointed out, if unemployment were actually falling, wages would go up. Pretty simple supply and demand.

    Since you couldn't rationally argue that fact, you bring up foodstamps. And you do your best to cherry pick numbers, claiming that foodstamp participation has fallen. Month to month changes are meaningless.

    In 2008, 28.2 million people were on food stamps, at a cost of $37.6 billion.
    In 2014, 46.5 million people were on food stamps, at a cost of $74.2 billion.

    fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf


    Nice work, you bitch about me cherry picking data, which I didn't do. Then you do what? Cherry pick data. Why don't you show a graph out a trend of SNAP? You'll see it increasing from 2007 through last year then decreasing. So your point of increasing handouts is false.

    For the OPs point, I addressed his point directly if you read my posts. Look at the information used to accumulate the data. Then I pointed out positive news from the exact same article which you dismiss.

    You see the point yet? You are trying to argue the economy is dumpster fire when it's not. It's not the economy of the 90s, but it's much better than it was 7 years ago. And that's a fact.
    It makes so much sense now why you were such a stout Sark defender on dawgbored.
    He got kicked off by Kim
    Fuck off. 8th grade education, remember?
    Someone pinched a nerve.