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Old 02-19-2013, 11:21 PM  
GrantMercury
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Join Date: Jul 2012
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Quote:
Originally Posted by tony286 View Post
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.
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

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