Today, the city of Providence, Rhode Island sent out layoff notices to every single teacher in the city. Every single one of them. If you want to understand why this is happening, why wages in the US keep getting cut, this chart tells the story. …
Tag Archive for Wages
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Ben Bernanke’s Hot Money
by a Wall Street Examiner • • 0 Comments
Bill Bonner’s latest….
As anticipated, “higher commodities shrink profit margins,” reports Barron’s. Some analysts were justifying high stock prices on the grounds that earnings were at record highs. Of course, if they were at record highs,…
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Prediction: The U.S. Economy in 2011
by a Wall Street Examiner • • 0 Comments
The New World Order
What All the hype about Christmas sales over the last few weeks masked (was) the fact that American consumers demanded bargain-basement prices. And the price-cutting dramatically reduced sellers’ margins. In short, profits aren…
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"Oil Prices Could Hit $100 a Barrel by Year’s End"
by a Wall Street Examiner • • 0 Comments
Higher energy prices sure won’t be a tonic for the “resilient” American consumer, who – if he hasn’t been laid off – is already struggling with stagant wages, worrying about his home being worth less than the mortgage, and attempting to repay some of h…
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Stagnant wages feeding overcapacity
by a Wall Street Examiner • • 0 Comments
Nov 24, 2010
PAY, PROFIT AND GROWTH, Part 1
Stagnant wages feeding overcapacity
By Henry C K Liu
This is the first article in a series.
In the economics of development, there is an iron-clad rule that “income is all”. The rule states that the eff…
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Freedom’s Idealogical Mansion
by Newswires • • 0 Comments
By Jorma (Stool Pigeons Wire) December 21, 2009 – The relentless lowering of the top tax rates and capital gains rates and the effective corporate tax rate has been causal of everything the critics of the status quo rail at. Not tangential, causal. This is the ideological divide that cannot be crossed. The free market…
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Disabusing Popular Assumptions
by Lee Adler • • 14 Comments
There are a couple of assumptions floating around in certain quarters that I’d like to disabuse. One is that based on its recent statements and actions, the Fed is reflating. Another is that it will be successful, in fact too successful, resulting in high inflation. Another is that foreign central banks will be around to…
