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?

The so-called tight labor market is a euphemism for age discrimination by employers

Employers can't find enough young, cheap labor because of declining birth rates, reducing the available pool (blue line year over year growth in decline on an average basis since the mid-1980s, lower than 1% for 20 years).

There's still plenty of older, more expensive labor out there, but employers keep getting rid of them and won't rehire them (red line year over year growth steady between 2-3% for 20 years).

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

If this were an economic boom earnings for most people would be increasing 3-4% instead of 2-3%

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

Employers have loved all the extra, cheap female labor since the 1960s: Median weekly real earnings for all are up just 0.12% per year since 1979 . . .

. . . but were still flat as recently as 2014 (35 years)

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.

Federal employment is down 7,000 since Trump's election 22 months ago, he promised cuts of tens of thousands

Trump's Budget Could Cut 200,000 Federal Jobs:

President Donald Trump’s budget proposal, released early Thursday, could lead to between 100,000 and 200,000 cuts to federal civilian jobs, Mark Zandi, chief economist for Moody’s Analytics, told Fortune.