H. Ross Perot's $13/hr factory jobs going to Mexico in 1992 should pay $27/hr today adjusted for inflation but pay only $18

The giant sucking sound clip from 1992 is here.

Perot characterized factory wages in 1992 as typically paying between $12 and $14 per hour.

Adjusted for inflation the $13 job in 2017 would pay nearly $27 per hour. The reality is it pays a lot less than that. Factory work in Michigan today basically starts at $15, up only 25% not 107%. The average manufacturing job paying $21+ is composed of a lot of such lower paying positions.

The reality is in Michigan that the top eventual $18/hr advertised wage is the equivalent of less than $9/hr in 1992.

The jobs have gone out of the country, expanding middle classes abroad while impoverishing our own at home.

OK, let's be honest: Racism is so yesterday when unpatriotic Republicans and Democrats get rich and get votes off cheap foreign labor

Republicans specialize in spending money on putting Americans out of work, by importing cheap foreign labor and giving tax breaks to job-exporting corporations

Don't piss down my back Brainard and tell me this is full employment, beyond full employment, or pearly shells

I love Pearly Shells.

Fed's Brainard: US economy at or beyond full employment

Twelve years ago 63.4% of the population had a job. In November 2018 it's just 60.6%. We could easily have 164 million employed. Instead we've got only 156.8 million, 7.2 million fewer adjusted for population.

At the rate we're going it'll be the year 2025 before we're back to 63%.

Brainard knows NOTHING!

We don't need any more immigrants: Population increases have outpaced labor force increases for a decade

Before the Great Recession the growth rate of the labor force easily exceeded the growth rate of population for decade after decade, but since then the situation has reversed dramatically.

Population has been increasing at a rate 75% higher than the labor force over the last decade. The increased population is not assimilating to work.

THERE IS NO LABOR SHORTAGE.

Increasing the population of the non-working has been the number one drag on the economy, causing GDP to fall and debt to rise, negatively impacting every standard measure.

Piers Morgan: Trump is kicking Democrats' ass

Piers Morgan, here:

According to the NBC/Wall Street Journal poll, Trump is now at 47% approval, compared to Obama’s 45% two weeks before the midterm elections in 2010. ...

And I see a President who’s growing stronger by the day.

Trump’s become a political Godzilla, crushing everyone who dares challenge him and bulldozing his way through an agenda that is beginning to pay real dividends.

In less than two years, Trump’s got two nominees onto the Supreme Court, entrenching a Conservative majority.

He’s slashed taxes, and regulations – sparking a boom in the US economy that shows no sign of stopping, a surge in jobs and record low unemployment.

Trump’s forged a peaceful dialogue with North Korea, launched a trade war with China that many think is long overdue, withdrawn from the obviously flawed Iran nuclear deal and Trans-Pacific Partnership, forced Mexico and Canada to update NAFTA, bullied NATO countries into paying their bills, and bombed ISIS out of Iraq and Syria.

He’s also clamped down hard on illegal immigration.

As I write this, a ‘caravan’ of more than 7,000 Central American migrants – most of them from Honduras - is moving towards the Southern border.

They intend trying to enter the United States illegally.

It’s hard to think of a more powerful image to vindicate Trump’s much criticized demand for a new ‘Wall’, isn’t it?

Alan Greenspan's tight labor market is fake news: Unemployment is really 8.4%

In September 2018, the civilian labor force was just 62.7% of the civilian noninstitutional population (161.958 million X 100 / 258.290 million = 62.7).

Not seasonally adjusted, this yielded an unemployment rate of 3.6% (5.766 million unemployed X 100 / 161.958 million = 3.56, before rounding up).

Unfortunately that's only because the labor force shrank by 8.5 million since 2008. The labor force then averaged 66% of the civilian noninstitutional population, not today's 62.7%.

Taking 66% of September 2018's civilian noninstitutional population means a labor force of 170.5 million instead of the not quite 162 million we've actually got. Where'd all those 8.5 million go? New Zealand?

Add 'em back in on both sides of the equation, both to the size of the labor force and to the unemployed, because they are obviously not working, and unemployment soars to . . . 8.4% (14.266 million unemployed X 100 / 170.458 million = 8.36).

All this labor slack is the reason wages fail to go up at rates of 3-4% as in previous recoveries.

It's not a tight labor market.

If we had 66% of the population in the labor force like we still did in 2008, it would be 8.5 million larger in 2018 than it is

dailyvaluewatch.blogspot.com

It's a myth that we need more immigrants when the share of population increases joining the labor force is down 59%

W-2 payroll data for 2017 just out shows huge slowdown to monthly additions from 2016

Monthly additions dropped from 227,000 (revised up 4,000) in 2016 to 160,000 in 2017 (figures rounded to the nearest thousand).

There were a number of other revisions to the data in this series of more minor significance (incorporated).

Total nonfarm December 2017 on December 2016 was up 182,000 monthly. The civilian employment level was up 149,000 monthly.

Since the Great Recession, Hispanics took over 4 jobs for every job going to whites, Blacks took 2, and Asians nearly 2

The jobs recovery from the Great Recession has by-passed white people even two years after Trump election

Hispanics and Blacks got all the jobs since 2007, whites got bupkis

Hispanic jobs are up 6.5 million, or 31%.

Black jobs are up 3.1 million, or 19%.

White jobs are up 1.2 million, or 1%.

That means over 60% of all these jobs went to Hispanics, 29% to Blacks, and 11% to whites. And they say the whites are the racists.

WHITE

BLACK

HISPANIC

Trump has created more jobs in his first 22 months than any Republican in the post-war and comes in 4th overall

Hey Rush: A new record 96,364,000 eating but not working you dummkopf!

Portland company Webtrends claimed Kavanaugh accuser Swetnick made false sex allegations against employees

Julie Swetnick, a Brett Kavanaugh accuser, faced misconduct allegations at Portland company:

In the suit, Webtrends alleged Swetnick claimed to have graduated from Johns Hopkins University but the company said it subsequently learned the school had no record of her attendance. Webtrends said she also "falsely described her work experience" at a prior employer.

The suit also alleges Swetnick "engaged in unwelcome, sexually offensive conduct" while at Webtrends and "made false and retaliatory allegations that other co-workers had engaged in inappropriate conduct toward her."

The suit alleges Swetnick "engaged in unwelcome sexual innuendo and inappropriate conduct" directed at two male employees during a business lunch, with Webtrends customers present. Swetnick claimed two other employees had sexually harassed her, according to the suit.

Webtrends' suit said it determined Swetnick had engaged in misconduct but could not find evidence to support her allegations against her colleagues. Later, the company alleged, Swetnick took medical leave and simultaneously claimed unemployment benefits in the District of Columbia.

Sorry Charlie: Jeff Cox of CNBC wildly exaggerates wages under Trump, "the last missing piece of the economic recovery"

Here in "Trump has set economic growth on fire":

Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the recession ended in June 2009. ... Indeed, the economy does seem to be on fire, and it's fairly easy to draw a straight line from Trump's policies to the current trends.

The wage series used by Cox for all workers differs little in August 2018 from the series for the 80% of workers who are production and nonsupervisory, except that the latter goes back much farther than 2006, giving a truer picture of where we are at. And where we are at is slightly better off than under Obama, but that's about it. It's still not as good as under George W. Bush, for crying out loud. And it's certainly not "on fire".

This is not an economic boom for most working people.

Rush Limbaugh's "eating but not working" hits an all time high 96.29 million in August

Rush is eating but not working this week, too.

Farmers and Republicans are thick as thieves with illegal aliens and sanctuary cities

It ain't just San Fran Freako, folks.

ICE Raids Dairy Farm Where Illegal Alien Accused of Killing Mollie Tibbetts Worked:

Illegal alien Cristhian Bahena-Rivera, a 24-year-old from Mexico, has been charged with first-degree murder in Tibbetts’ death after police say he admitted to confronting and chasing down the young woman. The illegal alien lived in a region of Iowa that was surrounded by sanctuary cities, as Breitbart News noted, and an initial autopsy report revealed that Bahena-Rivera allegedly stabbed Tibbetts to death. ...

That dairy farm where Bahena-Rivera worked, Yarrabee Farms, owns the property and trailer where the illegal alien had been living and which, allegedly, many Mexican nationals frequented, as Breitbart News reported.

Eric Lang, one of the chief executives of Yarrabee Farms, is the brother of Craig Lang, who was the president of the Iowa Farm Bureau. The Farm Bureau has chapters all over the United States, with the goal of increasing the number of low-skilled foreign workers, specifically those on H-2A visas, who are allowed to enter the country every year.

As Breitbart News reported, Eric Lang is also married to Nicole Schlinger, who runs the GOP fundraising firm Campaign Headquarters in Brooklyn, Iowa.

Andrew Yarrow: Over 20 million men are not employed, five times the official 4 million

Excerpted from his book Man Out, here:

We’re left with the reality that the percentage of men not employed today is about three times what it was during the Truman and Eisenhower eras: well over 20 million men. Not the four million officially deemed to be unemployed.

The unemployment level for men averaged 4.18 million in 2016 and 3.73 million in 2017.