http://www.bls.gov/news.release/prod2.nr0.htm
Seems par for the course with this administration. Tout a huge economic number with great fanfare then sneak in the bad news several quarters later.
Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent. Compensation also fell another 1.4 percent in the second quarter, from April to June, the BLS admitted in the same report. That’s 1.8 percent drop in wages since December.
This completely undercuts any promising message the administration has about economic growth and the how the policies of this administration affect the average American.
The federal government’s decision to import roughly 2 million migrants each year drives down wages. They compete for work against the four million young native-born Americans who begin looking for work each year. That flood of extra labor creates a huge surplus of U.S. workers.
But, hey, it's great for big business...
Seems par for the course with this administration. Tout a huge economic number with great fanfare then sneak in the bad news several quarters later.
Real hourly compensation decreased 0.4 percent after revision, rather than the previously-published increase of 4.2 percent. Compensation also fell another 1.4 percent in the second quarter, from April to June, the BLS admitted in the same report. That’s 1.8 percent drop in wages since December.
This completely undercuts any promising message the administration has about economic growth and the how the policies of this administration affect the average American.
The federal government’s decision to import roughly 2 million migrants each year drives down wages. They compete for work against the four million young native-born Americans who begin looking for work each year. That flood of extra labor creates a huge surplus of U.S. workers.
But, hey, it's great for big business...
