Why elections matter, in one graph
- Thread starter hermit
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Quote from hermit:
Pure unadulterated liberal horseshit
Why dont you show us the average rise in government salaries over those time frames?
The fact of the matter that is what is crushing the private sector is outsourcing, spin it any way you want my friend, but the only reason wages have gotten any higher in the last 20 years is because of expanded government. There is absolutely nothing either side can do about outsourcing, unless we impose trade tariffs, we are screwed, we can not allow government to continue growing at a rate three times faster then our private sector.
http://www.miseryindex.us/indexbypresident.asp
The above graph doesn't show net change?
The net change is what I was commenting on.
We definately have to do something, people like to make this out as a right wing vs left wing debate but the fact of the matter is neither side is doing a better job, the reason private sector wages have remained stagnant for 20 years is because of outsoursing and if we dont fix that quick there will be no U.S. at the end of the day. I really dont know the fix, but i know enough to realise that our biggest challenge is going to be stimulating private sector growth without turning the U.S. into a sweat shop.
Here is the chart.
http://www.cato.org/pubs/journal/cj30n1/cj30n1-5.pdf
Ironically it seems that the divergences took off during Reagan's presidency.
There is a reason why private sector wages have stagnated or declined because of things like this - âThey threw out far more workers and hours than they lost output,â said Professor Sum. âHereâs what happened: At the end of the fourth quarter in 2008, you see corporate profits begin to really take off, and they grow by the time you get to the first quarter of 2010 by $572 billion. And over that same time period, wage and salary payments go down by $122 billion.â
http://www.nytimes.com/2010/07/31/opinion/31herbert.html?_r=2
The increase in govt wages is perhaps due to their lack of incentive to squeeze the last bit of productivity in favor of the bottomline - for better or for worse.
Honestly i dont see a way out of this, China has us hostage with our dollars, if we were to impose trade tariffs on china, they would collapse our dollar in a heartbeat, we have almost no manufacturing sector left, so what the hell do we do? The future in the U.S. looks very bleak in my eyes.