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(Talking Points Memo)   It's been forty years since the American workforce had benefits and salary that ran parallel to economic growth, and those forty years have been full of pay disparity based on both race and gender   (tpmdc.talkingpointsmemo.com) divider line 199
    More: Interesting, Americans, health disparities, wage gap, Dean Baker, Wall Street reform, Economic Policy Institute, economic growths, salary  
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2841 clicks; posted to Business » on 02 May 2012 at 10:00 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-02 08:17:37 AM  
Reagan Legacy
 
2012-05-02 08:29:51 AM  
Wow, productivity has grown faster than the hourly wage rate. It's almost like some sort of new fangled inventions came along that allowed workers to be more productive in the same amount of time.
 
2012-05-02 08:34:01 AM  
Obvious tag get laid off?
 
2012-05-02 08:36:59 AM  

Jake Havechek: Reagan Legacy


Was Reagan president 40 years ago? Or are you just making a funny? :)
 
2012-05-02 08:37:58 AM  

Jake Havechek: Reagan Legacy


Nixon, you dolt!
 
2012-05-02 08:39:21 AM  
To be fair, Reagan did assure me that those massive tax cuts for the wealthy would be trickling down. He just didn't say when. Or where.
 
2012-05-02 08:45:30 AM  
There's also the fact that women entered the work force in very large numbers in the 70s and 80s.
 
2012-05-02 08:47:33 AM  
Nixon, right. I always forget about him. You know that he resigned on national TV?
 
2012-05-02 08:50:30 AM  

Jake Havechek: Nixon, right. I always forget about him. You know that he resigned on national TV?


I miss Gary sometimes.
 
2012-05-02 08:50:37 AM  
I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.
 
2012-05-02 08:52:35 AM  

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


Brilliant! You should be President.
 
2012-05-02 08:53:53 AM  

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


that's what I've been telling those parasitic teabaggers for the past couple of years, but they'd rather blame all their failures on the government instead of their own inherent entitled laziness.
 
2012-05-02 09:12:51 AM  

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


Even better, put several million dollars into long term annuities so that you too can pay a parasitically low 15% annual federal tax rate. The incentive is there, so I just don't understand why people don't take advantage of it.
 
2012-05-02 09:16:55 AM  

Marcus Aurelius: Even better, put several million dollars into long term annuities so that you too can pay a parasitically low 15% annual federal tax rate. The incentive is there, so I just don't understand why people don't take advantage of it.


And then when you build up that business, demand that you get an income tax break as well as a corporate tax break for shipping jobs to China in the name of job creation.
 
2012-05-02 09:22:43 AM  
See y'all have it figured out. Get to it!


Or are you just going to stamp your feet and biatch until someone else "fixes" the problem?
 
2012-05-02 09:23:59 AM  

Aarontology: Marcus Aurelius: Even better, put several million dollars into long term annuities so that you too can pay a parasitically low 15% annual federal tax rate. The incentive is there, so I just don't understand why people don't take advantage of it.

And then when you build up that business, demand that you get an income tax break as well as a corporate tax break for shipping jobs to China in the name of job creation.


The state of Pennsylvania just gave $30 million to Delta Airlines just for buying an oil refinery near the Philly airport. So that looks like the way to go.
 
2012-05-02 09:27:35 AM  

Jake Havechek: Reagan Legacy


done in one.

it may have started before reagan, but reagan cemented its permanence.
 
2012-05-02 09:28:53 AM  

Cythraul: Jake Havechek: Reagan Legacy

Was Reagan president 40 years ago? Or are you just making a funny? :)


talkingpointsmemo.com

have a look at the graph. note when the disparity really takes off.
 
2012-05-02 09:35:29 AM  

FlashHarry: Cythraul: Jake Havechek: Reagan Legacy

Was Reagan president 40 years ago? Or are you just making a funny? :)

[talkingpointsmemo.com image 600x467]

have a look at the graph. note when the disparity really takes off.


Umm. okay.
 
2012-05-02 09:46:18 AM  

Dancin_In_Anson: See y'all have it figured out. Get to it!


Or are you just going to stamp your feet and biatch until someone else "fixes" the problem?


Ooo! Ooo! Mr. Kotter! Mr. Kotter!
 
2012-05-02 09:52:52 AM  

FlashHarry: have a look at the graph. note when the disparity really takes off.


in the mid-90s when business computing and automation began really gaining traction in the workplace?
 
2012-05-02 09:54:47 AM  

Dancin_In_Anson: Or are you just going to stamp your feet and biatch until someone else "fixes" the problem?


FIX OLD, NO NEW

Marcus Aurelius: The state of Pennsylvania just gave $30 million to Delta Airlines just for buying an oil refinery near the Philly airport. So that looks like the way to go.


Ah, yes. Corporate socialism. Taking money out of the hands of the middle class to redistribute to giant companies.
 
2012-05-02 09:55:06 AM  

thomps: FlashHarry: have a look at the graph. note when the disparity really takes off.

in the mid-90s when business computing and automation began really gaining traction in the workplace?


It's still fairly close, but the gap builds in the early 80s. It doesn't really accelerate much in the 90s.
 
2012-05-02 09:57:08 AM  

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


Sure thing! Let me round up a few thousand low-middle income folks with zombie student loans and underwater homes to search their couches for extra change. I'm sure we'll come up with at least 100K in a jiffy.
 
2012-05-02 09:59:00 AM  

Grand_Moff_Joseph: Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.

Sure thing! Let me round up a few thousand low-middle income folks with zombie student loans and underwater homes to search their couches for extra change. I'm sure we'll come up with at least 100K in a jiffy.


Don't you understand? Everyone can pull themselves up by their bootstraps! Details such as income, savings, debt, all of that is irrelevant.
 
2012-05-02 10:00:59 AM  

Aarontology: FIX OLD, NO NEW


This means what? Ask not what you can do for your country but ask what your country can do for you?

Grand_Moff_Joseph: Sure thing! Let me round up a few thousand low-middle income folks with zombie student loans and underwater homes to search their couches for extra change. I'm sure we'll come up with at least 100K in a jiffy.


Get knocked down 7 times get up 8! That's the American spirit! Glad to see someone still has the fire in their belly.
 
2012-05-02 10:03:35 AM  

GAT_00: Everyone can pull themselves up by their bootstraps!


Except for you. We know. The realization of this must be a terrible burden. You have my sympathy.
 
2012-05-02 10:06:02 AM  

Dancin_In_Anson: This means what? Ask not what you can do for your country but ask what your country can do for you?


I dunno. Ask the dumbass old teabagger who came up with it.

i584.photobucket.com
 
2012-05-02 10:11:04 AM  

Dancin_In_Anson: GAT_00: Everyone can pull themselves up by their bootstraps!

Except for you. We know. The realization of this must be a terrible burden. You have my sympathy.


I am improving myself, but I luckily got help. I don't expect such details of greyness to the world are understandable to you.
 
2012-05-02 10:14:43 AM  
What if people were actually overpaid 40-70 years ago due to a post-war shortage of labor? Are we trying to compare current wages to a post-war bubble?


How would that chart look if it went back an additional 50 years?
 
2012-05-02 10:15:15 AM  

BillCo: Wow, productivity has grown faster than the hourly wage rate. It's almost like some sort of new fangled inventions came along that allowed workers to be more productive in the same amount of time.


While at the same time lowered the skill level needed to perform what was once considered highly skilled labor thus diminishing labor's market forces.
 
2012-05-02 10:15:55 AM  

Guelph35: What if people were actually overpaid 40-70 years ago due to a post-war shortage of labor? Are we trying to compare current wages to a post-war bubble?


How would that chart look if it went back an additional 50 years?


Then it would be dipping into the Gilded Age, which (just guessing here) doesn't exactly top the charts in terms of worker wages.
 
2012-05-02 10:18:25 AM  

GAT_00: I luckily got help


And if you hadn't? Where would you be now?
 
2012-05-02 10:19:08 AM  

BillCo: Wow, productivity has grown faster than the hourly wage rate. It's almost like some sort of new fangled inventions came along that allowed workers to be more productive in the same amount of time.


Done in two. Although policy does have a part, to attribute the gap between wages and productivity solely to policy is incomplete at best.

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


This, too. It's one of the reasons why the minimum wage, in my mind, shouldn't be 1/2 of the average wage "like it was in the 60s," as suggested in TFA. Something like that is all well and good if you're a mega-corporation that's giving your executives millions of dollars in salary and other compensations, but it KILLS small businesses.

That's not saying the minimum wage isn't too low, but there has to be a way to make it easier on small businesses.

FlashHarry: have a look at the graph. note when the disparity really takes off.


Carter. THE BASTARD

Dancin_In_Anson: Get knocked down 7 times get up 8! That's the American spirit! Glad to see someone still has the fire in their belly.


I get knocked down, but I get up again.
 
2012-05-02 10:19:48 AM  

FlashHarry: Cythraul: Jake Havechek: Reagan Legacy

Was Reagan president 40 years ago? Or are you just making a funny? :)

[talkingpointsmemo.com image 600x467]

have a look at the graph. note when the disparity really takes off.


When the boomers flooded the labor market? and when women flooded the labor market?

The graph seems a little strange... I never would have imagined the % of productivity gains would be that straight.
 
2012-05-02 10:19:59 AM  
For arguments purposes.......If somone with a lifespan of 1 million years works a s a barista for starbucks....they should eventually be making 1 million dollars a year based on COLA increases.........maybe a Starbucks barista has a theoretical salary cap where noone in their right mind would pay them more then 30k a year to make coffee?

Also how does one measure productivity? Is it based on the profit a company has at the end of a year? Is it based on the number of Nikes or Ipads churned out in Chinese factories and then they compare that productivity to American wages?
 
2012-05-02 10:20:53 AM  
It's almost as if the past 30+ years of conservative policies have farked the lower and middled classes while enriching the upper class.

Shocking, just shocking.
 
2012-05-02 10:22:22 AM  

xanadian: I get knocked down, but I get up again


Dang you, I had forgotten that song now it is going to be stuck in my head for the rest of the day.

Shakes tiny fist in your direction.
 
2012-05-02 10:23:16 AM  

Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.


Does the phrase "race to the bottom" mean anything to you?
 
2012-05-02 10:24:31 AM  

Saiga410: Dang you, I had forgotten that song now it is going to be stuck in my head for the rest of the day.


When things bother me, I just resort to drinking. For example, I'll take a whiskey drink. Then a vodka drink.

...

I'm not helping, am I?
 
2012-05-02 10:24:51 AM  
So...Vote Republican?

Don't look at me like that...it's what the f*cking morons have been doing for the last 40 years!
 
2012-05-02 10:26:49 AM  

Corporate Self: Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.

Does the phrase "race to the bottom" mean anything to you?


He considers that a good thing.
 
2012-05-02 10:27:03 AM  
It is a pretty good time to be a white male.



/it pretty much always is
 
2012-05-02 10:29:05 AM  

Grand_Moff_Joseph:

Sure thing! Let me round up a few thousand low-middle income folks with zombie student loans and underwater homes to search their couches for extra change. I'm sure we'll come up with at least 100K in a jiffy.


api.ning.com

You should all sell your refrigerators too
 
2012-05-02 10:29:28 AM  

Corporate Self: Does the phrase "race to the bottom" mean anything to you?


You consider what to be a "race to the bottom"? Please elaborate.


GAT_00: He considers that a good thing.


Dancin_In_Anson: GAT_00: I luckily got help

And if you hadn't? Where would you be now?

 
2012-05-02 10:32:53 AM  

Marcus Aurelius: Dancin_In_Anson: I have a hell of an idea. All of you that are (and will be) pissing and moaning about how unfair life is need to pool your resources, come up with a business plan, start a business and give your employees a living wage, low (better yet no) cost benefits, pension, and whatever else they have a right to while turning a profit for you and your investors.

Problem solved.

Even better, put several million dollars into long term annuities so that you too can pay a parasitically low 15% annual federal tax rate. The incentive is there, so I just don't understand why people don't take advantage of it.


Look how stupid you are.
 
2012-05-02 10:37:01 AM  
Dancin_In_Anson: You know, if you take over the government and declare yourself dictator you can make people work until they die and not have to pay them anything!!!111q
 
2012-05-02 10:38:31 AM  
And there are plenty of Americans in high places and small rooms who are very, very proud of that statistic.

Congratulations.
 
2012-05-02 10:38:33 AM  
And another way to look at it

fbcdn-sphotos-a.akamaihd.net
 
2012-05-02 10:38:58 AM  

Cinaed: It's almost as if the past 30+ years of conservative policies have farked the lower and middled classes while enriching the upper class.

Shocking, just shocking.


What policy can you point your finger at that would allow for the loss in worker compensation. Most people will point to tax policy in reguards to the top bracket but that makes no sense in that if people were willing to work at these wages then the company would pay these wages with or without high taxes on the rich.
 
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