Labor Day and the low-wage futurePre-crisis forecast from Dept. of Labor shows a US economy structurally inclined toward low wages
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Unemployment numbers continue to rise in the United States as the potential for a 'jobless
recovery' takes hold. In this video, TRNN Producer Jesse Freeston speaks with Jeannette Wicks-
Lim of the Political Economy Research Institute about the report she released on Labor Day which
shows the problem goes beyond the crisis. The report points to Department of Labor data from
2006, before the US went into recession, which forecast the US economy would not add any
'decent paying' jobs between 2006 and 2016. The forecast can be seen as a continuation of a trend
that began in 1975 when workers stopped getting wage increases in concert with increases in their
productivity. Wicks-Lim concludes that from an economist perspective, the best proven way for
worker's to affect this structure in their favor is through increasing the unionization of the workforce.
Wicks-Lim's report was supported by the AFL-CIO. BioJeannette Wicks-Lim is an Associate Professor at the Political Economy Research Institute in Amherst, Massachusetts. Wicks-Lim specializes in labor economics with an emphasis on the low-wage labor market and has an overlapping interest in the political economy of race. Previously, Wicks-Lim was a visiting professor at Marlboro College, in Marlboro, Vermont. She has also worked as a research assistant for the Economic Policy Institute and a research associate for Monitoring the Future at the Institute for Social Research at the University of Michigan, Ann Arbor. She completed her Ph.D. in economics at the University of Massachusetts Amherst in 2005. Comments from Registered Members | (Register or log in to make your comment.) | dutkaman 2009-09-09
They are clearly in the wrong job market. From 2000 - 2008: Average federal employee: Pay increase from $51.5k - $79.2k Average private employee: $38.8k - $49.9k | doyog 2009-09-08
To get more jobs in the US legalize hemp. In 1938 Popular Mechanics published an article calling Hemp the new Billion Dollar Cash Crop. Well that was then and in this economy it would be a Trillion Dollar Cash Crop. We know hemp or call it marijuana as a recreational drug like alcohol, but hemp goes into a lot of different industries. Hemp can be used for fuel. Ford's original Model T was to run on hemp fuel which he made that burns clean unlike gasoline. Ford also made a plastic that was 10 times stronger than steel. Hemp can also be used as medicine, food, a timber alternative, the strongest fiber for clothing and cordage, a paper that last longer than wood paper by hundreds of years and can be recycled more times. Making hemp legal again would bring in revenues and create jobs. The oil industry, the drug industry, the timber industry, the cotton industry won't like it but do we want to please their lobbyists or get more jobs when hemp becomes legal? | gegenwarst 2009-09-07
"central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers.
http://video.google.com/videoplay?docid=-515319560256183936 | gegenwarst 2009-09-07
THE MONEY MASTERS: The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..." THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "c |
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