Flat wages sting college grads, LA Times

[ljb]

Here are some quotes from a story in the Los Angeles Times under the byline of Molly Hennessy-Fiske.
Wage stagnation, long the bane of blue-collar workers, is hitting people with bachelor’s degrees for the first time in 30 years. Earnings for workers with four-year degrees fell 5.2 percent between 2000 and 2004 when adjusted for inflation, according to White House economists.
These workers did well during the last period of growth, with average wages rising 12 percent from 1995 to 2000, according to an analysis by the Economic Policy Institute.
I post these quotes just to put emphasis on an opinion I have regarding economic conditions for the middle class under out government. The story goes into more detail telling the plight of a Web designer from San Jose Ca. I will be happy to discuss this issue further with anyone wishing to do so.

[Tom]

Very well put. :eek:
Whether I agree or not - and I haven't read it yet, so I don't know - but very well put. An opinion, a link to further information, stimulation for discussion.
Your post should stand as a model for some here.

But based on what I read of YOUR comment, I agree with your opinion.
The middle class is being systematically destroyed, and MY feeling it is part of a masterplan to replace the United States with the North Amercian Union.
The ultimate plan is the tip of the economic pyramid (power) sssssetting on a massive base of the poor (powerless).
Let's face it, NOBODY could be as stupid as Bush and the congress when it comes to the borders, China, and outsourcing. IT HAS to be a plan.

[DJofSD]

You should also quote some of the information in a recent article, also in the LAT, about how well paying jobs in the manufactoring sector are going unfilled.

No drive by's here please.

[PlanB]

Middle-Class pain is heading here via inflation & unemployment & lower
home prices. The Fed has already blown off consumer spending & plans
to force higher unemployment to deal with inflation, the classical solution,
showing no imagination in monetary policy. What do you expect when
science is ignored in almost all areas. How much we know yet how little
knowledge guides solutions.

[DJofSD]

Science? What science?

If you're talking about what passes from the orifaces of economists, you must be kidding.

[JustRalph]

I heard a guy on a radio program today, who is trying to fill 22.00 an hour laborer positions in New Orleans. He has had two applicants. He says 3 blocks away a church is giving away free food vouchers and other goodies and 300 people line up every day to get the free stuff. He said he has large signs at the construction site he is cleaning up, offering the 22.00 an hour jobs...........and many of the people pass by on their way to the free stuff..........,,,,,

What a country!

[ljb]

Did not catch the story in LAT regarding high paying jobs going unfilled. Did the article include any possible explanation as to why the jobs we not being filled ? Not sure what to say about the guy on the radio does not sound right to me.

[kenwoodallpromos]

The trouble with selective statistics and anecdotal information is that it leaves out much of the real story. Most jobs I know of for persons with 4 year degrees and not 2 or 5 or 7 etc. are in low-level management- the kinds of jobs that go overseas with outsourcing. And I understand that many BA grads were in the reserves and are now on active duty.
Many 4 yr grads were in the computer/internet industry web designing making $50-100k per year and were put out of work about 2000 when the Web bubble burst.
And of course, IMO the poor always lose ground when Repubs are in control, and many in the middle class who increased wealth under Bush have not sold their homes yet or hav blown their money on SUV's, high end cars, and fancier electronics instead of puting it into savings.

[sq764]

Here are some quotes from a story in the Los Angeles Times under the byline of Molly Hennessy-Fiske.
I post these quotes just to put emphasis on an opinion I have regarding economic conditions for the middle class under out government. The story goes into more detail telling the plight of a Web designer from San Jose Ca. I will be happy to discuss this issue further with anyone wishing to do so.
Where are the 2004 - 2006 stats? Just curious

[kenwoodallpromos]

2000 2.74% 3.22% 3.76% 3.07% 3.19% 3.73% 3.66% 3.41% 3.45% 3.45% 3.45% 3.39% 3.38%
1999 1.67% 1.61% 1.73% 2.28% 2.09% 1.96% 2.14% 2.26% 2.63% 2.56% 2.62% 2.68% 2.19%
1998 1.57% 1.44% 1.37% 1.44% 1.69% 1.68% 1.68% 1.62% 1.49% 1.49% 1.55% 1.61% 1.55%
1997 3.04% 3.03% 2.76% 2.50% 2.23% 2.30% 2.23% 2.23% 2.15% 2.08% 1.83% 1.70% 2.34%
1996 2.73% 2.65% 2.84% 2.90% 2.89% 2.75% 2.95% 2.88% 3.00% 2.99% 3.26% 3.32% 2.93%
1995 2.80% 2.86% 2.85% 3.05% 3.19% 3.04% 2.76% 2.62% 2.54% 2.81% 2.61% 2.54% 2.81% (last column is year average)
Web InflationData.com
Financial Trend Forecaster YourFamilyFinances

[ljb]

Have no idea where or what the 2004-2006 stats are. Sorry.

[Tom]

I'm more concerned about 2007-08.

[DJofSD]

Tom, well get you those stats in 2010.

[Tom]

I'm tied up then.
Wait until 2011.

[kenwoodallpromos]

Net loss to 4 yr grads due to inflation- time for a 3rd party!LOL!!
Happens under both jackasses and white elephants!
I think I'll start my "Working Poor Party" and use the Pit Bull as the symbol!!