Wages in U.S. Down 23 Percent Since 2008

August 12th, 2014
Via: Plain Dealer:
While 8.7 million jobs have been regained since the 2008 recession, they are paying much less, by an average of 23 percent, according to a report released Monday by the United States Conference of Mayors.
The report comes as debate continues about income inequality in the United States.
“While the economy is picking up steam, income inequality and wage gaps are an alarming trend that must be addressed,” said Conference of Mayors President Kevin Johnson, the mayor of Sacramento, Calif., in a news release. “We cannot put our heads in the sand on these issues.”
The annual wage in sectors where jobs were lost, particularly in manufacturing and construction, during the recession was $61,637, but the average wage of new jobs through the second quarter of 2014 is $47,131, the report shows.
It represents a loss of $93 billion in wages, according to the report.

Doing the same in UK

Massive inflation for basic goods/heat/light whilst wages are constantly eroded.

The Elite bastards in UK trashed all our unions from the early 70's (esp under Thatcher) and took(offshored/hid) all the profit gains since they unhooked UK wage rises from productivity.
(We would all be on double todays wages if they paid us fairly)

The arrogant elite fekkers trick the UK workers calling them lazy bastards, even though they work longest hrs in Europe (for a diminishing wage, which is stolen by taxation)

The Executives/MD's have been rewarded for the 'CON' by awarding them thousands of percent higher wages/bonus/golden hello/parachutes than the lowest paid worker!

There are jobs.  Of course there are jobs.  Otherwise all recruitment companies would all be out of business.  Clearly some people are hiring.

People are still staying in hotels all over the world.  Those hotels are hiring and firing as they always did.  Rooms still need to be made, plumbing fixed, people checked in and out, laundry collected and delivered, room service served.

I've posted a couple of jobs paying around $700- $1000 per week (after taxes) on Catholic forums, including this one.  Number of applications from forum members?  ZERO.  Those jobs are now filled by non-Catholics.  But hey, the forum members had the first shot.

What there is not is an over-supply of jobs waiting to fall into your lap because the employers are desperate to hire anyone with a pulse.  Why is society morally obliged to overheat the economy to such an extent that employers are desperate enough to have to hire people with low levels of initiative?  From time to time this happens, America post war, Britain in the 1960s, Australia every few decades or so has to import skilled labor and pays way over the odds for it.   Dubai was hiring at crazy tax free salaries for a long time.  But that is the exception rather than the rule.  Most of the time there is an equilibrium so that getting a job requires some level of initiative and self-motivated application on behalf of the employee.  That's healthy and it means I don't have to deal with snarky hotel staff or call housekeeping twice when I want an iron in my $200 per night hotel room.

When the Indians lost everything in Uganda and East Africa did they lay down and die or give up?  No, they moved to the UK, started corner shops and restaurants worked very hard and made themselves a life over again.

Last night at 8pm I was on the phone with an Australian entrepreneur who owns a company that creates software development tools.  We interviewed a 29 year old woman in Belarus, who got the job, and will be working on contract for $50 per hour for about 12 hours per week.  (She has another job working for a mid-west company at the moment.  The owner is hoping to get her full time.  His only reservation was that her spoken English was not perfect but it was pretty darned good and her written English is faultless.  She also speaks German, Russian, Danish and passable Arabic.

You are not going to find that in London for less than $160k per year and probably not at all.

After the interview finished he charged me with finding a couple of Java developers based in Kiev who he could rely on staying with the company for a while because the job market in New York and London for those people is so hot that unless restricted by a third world passport you cannot hold onto them.  His last developer an Indian was offered $165k per year and $400k in stock options working for a public company in Silicon Valley.  No start up however well funded can compete with that.

If there are jobs in a country at war, then there are jobs pretty much everywhere outside of North Korea.

What you need to do is get off your lazy post-war entitled ass and work out where you can be useful to a business or a bunch of individuals.  Or you could just lay down and die.  Your choice.

C'est ne pas les Joos, mais vous.

Ggreg, I do agree with you on the minimum wage issue though.

There has to be someone on the bottom. If they raise the "bottom" artificially, then all the higher-skilled workers will demand more pay and...minimum wage workers will be on the bottom again. It's an exercise in futility.

If you want to earn above-average wages, you need to be above-average in some way (energy, skills, intelligence, training, connections). That is common sense.

And most of my clients are North American based software companies not British or EU ones.

I've also posted job opportunities based in the United States on either SD or here, I can't remember which.

Well, I'll remember it for you -- it was SD.

As an aside, if you really want to fill a job and you decide it's worthwhile to post it online for "the Catholics" to get a shot at, you should post it on the larger forum first :)  And yes, that would be CathInfo in this case.

There are jobs.  Of course there are jobs.  Otherwise all recruitment companies would all be out of business.  Clearly some people are hiring.

People are still staying in hotels all over the world.  Those hotels are hiring and firing as they always did.  Rooms still need to be made, plumbing fixed, people checked in and out, laundry collected and delivered, room service served.

I've posted a couple of jobs paying around $700- $1000 per week (after taxes) on Catholic forums, including this one.  Number of applications from forum members?  ZERO.  Those jobs are now filled by non-Catholics.  But hey, the forum members had the first shot.

What there is not is an over-supply of jobs waiting to fall into your lap because the employers are desperate to hire anyone with a pulse.  Why is society morally obliged to overheat the economy to such an extent that employers are desperate enough to have to hire people with low levels of initiative?  From time to time this happens, America post war, Britain in the 1960s, Australia every few decades or so has to import skilled labor and pays way over the odds for it.   Dubai was hiring at crazy tax free salaries for a long time.  But that is the exception rather than the rule.  Most of the time there is an equilibrium so that getting a job requires some level of initiative and self-motivated application on behalf of the employee.  That's healthy and it means I don't have to deal with snarky hotel staff or call housekeeping twice when I want an iron in my $200 per night hotel room.

When the Indians lost everything in Uganda and East Africa did they lay down and die or give up?  No, they moved to the UK, started corner shops and restaurants worked very hard and made themselves a life over again.

Last night at 8pm I was on the phone with an Australian entrepreneur who owns a company that creates software development tools.  We interviewed a 29 year old woman in Belarus, who got the job, and will be working on contract for $50 per hour for about 12 hours per week.  (She has another job working for a mid-west company at the moment.  The owner is hoping to get her full time.  His only reservation was that her spoken English was not perfect but it was pretty darned good and her written English is faultless.  She also speaks German, Russian, Danish and passable Arabic.

You are not going to find that in London for less than $160k per year and probably not at all.

After the interview finished he charged me with finding a couple of Java developers based in Kiev who he could rely on staying with the company for a while because the job market in New York and London for those people is so hot that unless restricted by a third world passport you cannot hold onto them.  His last developer an Indian was offered $165k per year and $400k in stock options working for a public company in Silicon Valley.  No start up however well funded can compete with that.

If there are jobs in a country at war, then there are jobs pretty much everywhere outside of North Korea.

What you need to do is get off your lazy post-war entitled ass and work out where you can be useful to a business or a bunch of individuals.  Or you could just lay down and die.  Your choice.

C'est ne pas les Joos, mais vous.

British house prices are deliberately kept high by the London elites and that means Jєω politicians and Bankers. Most young have given up all hope of owning a place and dont bother saving anymore!

They do it by various deceptive means such as Billions given out in hidden Govt subsidies (whilst whacking all the poor with false "Austerity" Cuts)
Other European countries such as France have woken up to this.

You aint got a clue what's going on!

The reason why foreigners come over to UK is to send money home depriving the UK economy of Billions. The Poles alone were sending back 8-10 Billion a year.
Why?

Because in their homeland the money suddenly buys 7-10 times more than the in crazy priced UK.
East Europeans/Indians/Africans can buy land or House outright within a few years
- while born UK workers end up slaves to landlords renting out massively overpriced places to eek out an existence.!

I often wunder about words in The Bible and the people overcrowding in London (the East Europeans/Foreigners do a system called 'Hotbedding' with 20 others living in a tiny english 3 bedroom house to save on rent)

Greg, if the US is such a great place you make it out to be, why did you move out of it and make your home and living in England?
Your view on men and how they make their living is simplistic. I intend to respond to your constant 'lazy American' rants when I have more time. Your frequent pompous mantra of 'you could make as much money as I do if you really wanted to' reminds me of a goofy Tony Robbins infomercial. If all it took was hard work and the will I should be a milionaire by now.

Quote from: ggreg

After the interview finished he charged me with finding a couple of Java developers based in Kiev who he could rely on staying with the company for a while because the job market in New York and London for those people is so hot that unless restricted by a third world passport you cannot hold onto them.  His last developer an Indian was offered $165k per year and $400k in stock options working for a public company in Silicon Valley.  No start up however well funded can compete with that.

Sounds to me like he just needs to find someone who is tied down enough that dropping everything and moving to another country or even cross-country isn't an option. The whole world isn't single and childless.

$400,000 in share options and a six figure salary loosens a lot of "ties".

Imagine someone offered you $10m per year, and a golden parachute to do the same job you were doing now but in Switzerland.

Bear in mind that he is looking for a specific set of skills and experience are artificial intelligence and machine learning programming which is part of a growing trend in software development.  Demand is outstripping supply.

In a London, where he is based and need to be based, or New York where he is setting up a sales office, such people are hired by the financial sector or the business software sector selling to it.  The best ones have no real incentive to work for a smaller firm which has only been in business for 3 years.