Wages Falling - Jobs Gone - Families Leery

Elections have consequences - one would have thought the voting public would have enough sense to see how their jobs are being effected by the socialist network now dealing out walking orders to everyone in business.

But apparently this isn't the case, a huge majority of the hard working  peoples that now still have a job are so intent on keeping it, given millions losing their jobs, they haven't taken the time to lift their collective heads to see this government is taking their job away with over regulation and an agenda of social diversity that makes the working class the 'enemy of the state'.

According to the progressive socialist liberal Democrats, it is the moral obligation of those that are capable of producing a product or service to make sure all those that can't perform similar tasks being compensated with some of the wages of those that are contributing to the betterment of society in general.
 
A great leader from history, from a far away place, used this phrase as his founding edict for control, said, " Each according to his ability and each according to his needs" Sound familiar? It should, that philosophy is used by the progressive socialist today as a means to an end. That is total control of life in America by an elite few, and I'm sure you have heard this as well, 'by any means necessary'.

I wonder how this came to be? Did the voting public understand what they were doing when they voted the second time for self destruction? Why is ignorance of the law no excuse in court, but when it comes to ignorance of our elected leaders true agenda, it seems to be acceptable. It's so much easier to accept a bad situation rather then deal with it now if isn't an immediate threat. Remember the frog in the pot of water with no flame under it, but when the flame was added - - - !

American Wages Remain Low
Source: Neil Shah, "Stagnant Wages Are Crimping Economic Growth," Wall Street Journal, August 25, 2013.
August 29, 2013

Americans are spending enough to keep the economy rolling, but don't expect them to splurge unless their paychecks start to grow. Four years into the economic recovery, U.S. workers' pay still isn't even keeping up with inflation. Labor Department data show the average hourly pay for a nongovernment, non-supervisory worker, adjusted for price increases, declined to $8.77 last month from $8.85 at the end of the recession in June 2009, says the Wall Street Journal.
Stagnant wages erode the spending power of consumers. That means it is harder for them to make purchases ranging from refrigerators to restaurant meals that account for most of the nation's economic growth.

Economists blame three factors:

• Economic growth remains sluggish, advancing at a seasonally adjusted annual pace of less than 2 percent for three straight quarters -- below the prerecession average of 3.5 percent. That effectively has put a lid on inflation, which has been near or below the 2 percent level the Federal Reserve considers healthy for the economy.
• Businesses are changing how they manage payrolls. Economists at the Federal Reserve Bank of San Francisco in a recent paper said that, in the past, companies cut wages when the economy struggled and raised them amid expansions. But in the past three recessions since 1986 (and especially the 2007-2009 downturn) companies minimized wage cuts and instead let workers go to keep remaining workers happy.
• Globalization continues to pressure wages. Thanks to new technologies, Americans are increasingly competing with workers worldwide. According to Boston Consulting Group, there will be only a roughly 10 percent cost difference between the United States and China in making products such as machinery, furniture and plastics by 2015.

Besides not feeling confident enough to demand higher wages, employees also are wary of going out and looking for better jobs. Only 1.6 percent of employed Americans quit their jobs in June, below the roughly 2 percent to 2.2 percent prerecession level. People tend to quit jobs more readily when they are confident they will find a new one that's equal or better.