General Discussion

Jesus Malverde

(10,274 posts) Fri Apr 4, 2014, 07:00 AM Apr 2014

Wages have dropped nearly 8 percent since 2006 [View all]

San Francisco was one of the nation's best cities for pay increases last quarter, Seattle-based PayScale reported Wednesday. Two other California cities also saw growth.

Nationwide, pay was up 0.5 percent in the second quarter from a year earlier, PayScale reported. But pay rose by much more in some metro areas, while falling in others.

"Our results show the economy is on a steady, but very tepid recovery with wage growth rising at a slow rate," Katie Bardaro, PayScale's lead economist, said in the report. "We anticipate the trend of sluggish overall wage growth to continue in 2014 with a few industries such as science, biotech, and healthcare showing periodic gains that are more significant. "

Adjusting for inflation, wages have dropped nearly 8 percent since 2006, she added. PayScale expects wages to rise 0.3 percent this quarter from the previous quarter and 0.8 percent year over year.

http://www.sfgate.com/business/article/San-Francisco-nears-top-for-pay-raises-5374043.php

The race to the bottom continues at full speed. Even the strongest wage growth lags inflation.

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Wages have dropped nearly 8 percent since 2006 [View all] Jesus Malverde Apr 2014 OP

Why do you hate Obama? Fumesucker Apr 2014 #1

Gomenasi (Sorry) Fumesucker but I don't know this meme. Jesus Malverde Apr 2014 #4

Face Palm :) Aerows Apr 2014 #18

woooooosh Jesus Malverde Apr 2014 #32

So far as I can tell, other than more free trade and tax cuts our party has never had a plan... Demo_Chris Apr 2014 #2

k&r for the truth, however depressing it may be. n/t Laelth Apr 2014 #3

Sure has in Georgia n2doc Apr 2014 #5

Yup. ctsnowman Apr 2014 #7

So wages dropped during a recession? JoePhilly Apr 2014 #6

Stock market is pushing record highs....The "suck" is for the wage earners.. Jesus Malverde Apr 2014 #11

The rate ProSense Apr 2014 #13

I think the 3.8 percent surcharge from the Affordable Care Act Jesus Malverde Apr 2014 #14

? It's effective for this tax season. n/t ProSense Apr 2014 #15

If they say no to the mandate it's 1% Jesus Malverde Apr 2014 #17

What? That has nothing to do with the tax on the wealthy. n/t ProSense Apr 2014 #19

Long Term Capital Gains Jesus Malverde Apr 2014 #23

Your information is inaccurate and you're conflating issues. n/t ProSense Apr 2014 #24

What is the long term capital gains rate? Jesus Malverde Apr 2014 #33

Here, ProSense Apr 2014 #34

I had read that Jesus Malverde Apr 2014 #36

No, ProSense Apr 2014 #41

It says right there the 20% rate is an exception if this happens or that Jesus Malverde Apr 2014 #44

What? ProSense Apr 2014 #45

The death or the middle class is not funny. Jesus Malverde Apr 2014 #46

Distortion and willful ignorance is hilarious. n/t ProSense Apr 2014 #47

It goes both ways my friends... Jesus Malverde Apr 2014 #48

BTW, ProSense Apr 2014 #49

Wages fall when you have more people looking for work, JoePhilly Apr 2014 #16

Those JOBS are GONE forever. Jesus Malverde Apr 2014 #21

Not to worry. That will start trickling down any day now. progressoid Apr 2014 #22

What another record year of corporate profits means for the US economy Jesus Malverde Apr 2014 #25

Corporate Profits Hit A New Record High Last Year Jesus Malverde Apr 2014 #26

can you just stop being in defensive mode and address the issue? Skittles Apr 2014 #40

It's strange the minimization of the plight we are in. Jesus Malverde Apr 2014 #50

it's like they feel their sole job is to shield Obama from anything and everything Skittles Apr 2014 #52

Don't be hating on Obama now. I'm sure it dropped more 100 years ago Autumn Apr 2014 #8

Interesting information from the charts at PayScale ProSense Apr 2014 #9

Thanks for digging down prosense. Jesus Malverde Apr 2014 #10

You're welcome. n/t ProSense Apr 2014 #12

And then you have that idiot in VA Aerows Apr 2014 #20

Firms' Profits Rise to Record High, Outpacing GDP Growth Jesus Malverde Apr 2014 #27

Find out who's getting richer: Millions by millions, CEO pay goes up Jesus Malverde Apr 2014 #28

Wealth Effect' Drives Vacation-Home Sales Jesus Malverde Apr 2014 #29

This message was self-deleted by its author Jesus Malverde Apr 2014 #30

du rec. xchrom Apr 2014 #31

Pundits also view and present "jobs" in the abstract sense Populist_Prole Apr 2014 #35

Considering the games they play with the long term unemployed statistically removing them from the Jesus Malverde Apr 2014 #39

Dems may pretend things are getting better, but pretty soon people will be looking for answers... reformist2 Apr 2014 #37

America: Where the rich get richer bigwillq Apr 2014 #38

This 8% drop looks permanent. I'm afraid what the next recession is going to do. reformist2 Apr 2014 #42

Yea, there are some jobs that are just never coming back. bigwillq Apr 2014 #43

The technological revolution is a very real phenomena on the scale of the first industrial rev. Jesus Malverde Apr 2014 #51

Exactly. I think the internet and then real estate bubbles hid the damage being done to regular jobs reformist2 Apr 2014 #53

The talk was the transition from "manufacturing" to the "service economy" Jesus Malverde Apr 2014 #56

I don't think ProSense Apr 2014 #54

The job recovery rate gets worse with each recession. pa28 Apr 2014 #55

Here's the most recent: ProSense Apr 2014 #58

Thanks for the update. n/t pa28 Apr 2014 #59

this is a MAJOR issue RainDog Apr 2014 #57