Quote:
Originally Posted by tony286
One more time, a consumer based economy only works if people can afford to spend money. When I was hired by gm in 1985 to work on the line, I started at $11.35 an hr. now we see factory work is offering $9.50 an hr. My wife 15 yrs ago went for a reception job They offered $11 an hour for a high school grad, I saw one craigslist list recently ,they wanted a 4 hr degree and paralegal experience and it started at $10 an hr. This isnt good, wages should be going up, not down. And considering we all sell products this is should be very disturbing.
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Damn right. But income isn't going down for everyone...just
almost everyone.
Corporate profits hit record as wages get squeezed
http://money.cnn.com/2012/12/03/news...its/index.html
