epi on wage structure dynamics -5 /-3/+3

“The bottom 20 percent of American workers by income
—28 million workers—
earn less than $9.89 an hour"

" $20,570 a year for a full-time employee"

". Their income fell 5 percent"


" between 2006 and 2012."

" Wages for workers at the 50th percentile
—their median pay is $16.30 an hour—


" their wage income fell  3.4 percent"



" pay for the top 10 percent rose 3 percent.”

-5 /-3/+3

waltons strike back

"too many politicians from both major parties are failing to stand up for the American worker. Who's left?............. Unions."

 

that's "we'll have to see" ...lee
there


"both parties?"  both !!!!?????

afscme's   highest   chip
turning  on the blue dogs and new dems ?

 then comes the meat

a drum roll  for pri sec big box low wage job unionization

 

why ?

 

the pub sec fish can only swim for long

 in a highly  pri sec organized lake :

 

 

"Once again, the facts speak for themselves: Unions are the first and last line of defense for America's workers."

 

"According to Bureau of Labor Statistics data, growth in union workers' average hourly pay and total benefits far outpaced those of non-union members in the first quarter of 2013."

 

 

"In fact, wages and salaries of union-represented workers grew 4.3 percent in the first quarter of 2013, while those of non-union employees rose 0.8 percent."

 

extrapolation please ?

 

 

prior facts trail ?

 

"

 

"According to CAP, one of the keys to boosting a stagnant middle class is making it easier for workers to form labor unions."

 

 

"the big corporations  have played with marked cards."

,

" the non-union retail giant Wal-Mart (with $443 billion in net sales in 2012, the largest private employer in the United States) "has in recent months been only hiring temporary workers."

 

 

Wal-Mart U.S. Chief Executive William Simon, " hours flex by the needs of the business from time to time,"

 

"an unstable temporary workforce could  cushion corporations  from a potential rise in health care costs next year."

 

 

 

.

.

.

"the six heirs to the Wal-Mart fortune hold as much wealth as the entire bottom 30 percent of all Americans. "



"The facts speak for themselves: Unions are more necessary, not less, than ever before."

 

 

Lee A. Saunders is the president of the American, Federation of State, County and Municipal Employees.

teachers and the chopping block NY style ..two strikes and your out

 tested and measured
by  your own personal student charges'
  state wide test results

scoring


1) highly effective

 2)  effective



3) developing



 4)  ineffective........  boing !

"an 'ineffective' rating on the tests trumps the other measures. ... 'Teachers rated ineffective on the tests have to be rated ineffective overall. Even a glowing teacher with great rapport with her students, if the test scores don't rise at the predetermined level, that teacher has to be rated ineffective"

'
get that two years running
you're out !

what quintile did you reach

" measure of upward mobility"

" the probability of children born in the bottom quintile making it into the top quintile"

and the probability of a child born in the top quintile making it into the bottom quintile ?

downward mobility


how about born in the the top centile  dropping to the bottom ...er decile ?

gotta love that rat mankiw for promotting this shit heel

Mark J. Perry
Dr. Mark J. Perry is a full professor of economics at the Flint campus of The University of Michigan, where he has taught undergraduate and graduate courses in economics and finance since 1996. Starting in the fall of 2009, Perry has also held a joint appointment as a scholar at The American Enterprise Institute.
read more >

"Somewhere, Karl Marx is stroking his beard, and nodding: See, I told you so!" ......bull shit ..he as always is madly trying to comprehend more deeply all this contradictory innovation

training one time per career becomes n times so maybe we get more training if not higher training

training time during a career may become larger
as  task buckets change ever more rapidly

so maybe that is what all this more ed is about
the gut sez
the career  iterations of  new "know what/ now how " acquisition stages
    is a function of the existing  job type scrap rate

okay I dig

but at least two of your four college years trains you in  what .....?

if task training requirements are part of a total cost reduction they should get shorter and less demanding

and time training in a career must be made maximally cost effective

gauntlet simplifying ?

seems the ace mohgol believes supply produces its own demand ...in human capital markets

"Daron Acemoglu believes as automation accelerates
 we will have to invest far greater sums in education and job training programs"

higher ed is dead

 "Martin Ford advocates a long-term policy proposal that he describes as “essentially a guaranteed minimum income,” with built-in incentives that reward educational attainment."
I love that
the reward for education use to be.......well ....beyond the fact
education is supposed to be  its own reward
 err like a round of golf


till tomorrow
education's   reward en mass  was /still is  ..higher job pay

implicit in this quote:
mass education will have zero market value
soooo
higher e is dead

"The mid century middle class, more or less, was made possible by the Industrial Revolution" it just took a hundred years

"sally make a note i like this tidbit "

" In the U.S., more than 1.1 million secretaries vanished from the job market between 2000 and 2010, their job security shattered by software that lets bosses field calls themselves and arrange their own meetings and trips Over the same period, the number of telephone operators plunged by 64 percent, word processors and typists by 63 percent, travel agents by 46 percent and bookkeepers by 26 percent, according to Labor Department statistics"


   now notes like the headline go into smart phones maybe named sally or..Justin or ...

bivens on the great split : PRODUCTIVITY FROM COMPENSATION

So what should you note? Well, the average wages of those below the 90^th percentile have greatly lagged productivity. Ok, these are those low-skill people identified by the Heritage report, I guess. But look at wage-growth for those workers between the 90^th to 95^th percentiles—workers that earn more than at least 90 percent of the workforce. Surely there are some competent people in this group, no? After all, more than 10 percent of the U.S. workforce now has an advanced degree—some of them must be showing up here. And yet wage-growth cumulatively lags productivity growth by more than 30 percentage points for this group between 1979 and 2011.
It’s also worth noting that nearly two-thirds of the total cumulative wage-growth for this group of presumably highly-skilled workers can be accounted for by just five of the thirty-two years under discussion—the tight labor markets between 1997 and 2001 that lifted wages across the board. In short, for most of the past generation, the U.S. economy has been terrible at delivering wage growth even for half the workers above the 90^th percentile. Skills shortage? Really?
So where does this leave us? Yes, average compensation growth has been close (not equal to, but close) to productivity growth over the past generation. In fact, since 2000 there has been a large divergence between productivity and average compensation. But compensation for not just typical workers, but for the vast majority of workers, has badly lagged productivity over this period. And it is awfully unconvincing to hang this on the interpretation that it’s just about their allegedly poor skills.
And, of course, it’s always worth noting the one group (see the figure below) that has been able to see wage-gains far in excess of productivity growth, and which kept the overall average wage-growth from lagging too far behind productivity growth.

1. Just as one example, Heritage assumes that the gap between compensation and productivity caused by difference in the price deflators used to calculate productivity of firms and used to calculate inflation-adjusted compensation should be seen simply as evidence that consumer price inflation is overstated. There’s an equally compelling interpretation (pdf) that this is instead evidence that we’re overstating the productivity of firms that can be translated into consumption growth, and hence that the last generation has been characterized not just by growing inequality, but by even worse overall economic performance than is commonly thought.

2. To make sure the interpretation is clear—the wages of the 90^th-95^th percentiles rose 36% cumulatively over this whole period, if this group saw non-wage compensation rise at the average rate, this means that their compensation growth rose eight percent faster, or, 39 percent over the period.

- See more at: http://www.epi.org/blog/compensationproductivity-link-broken-vast/#sthash.6DR90Qzo.dpuf

Visa mcshits on ronalds army

the Atlantic's assigned  snide-ster notes:
"As Jim Cook at Irregular Times notes, the $1,105 figure up top is roughly what the average McDonald's cashier earning $7.72 an hour would take home each month after payroll taxes, if they worked 40 hours a week. So this budget applies to someone just about working two full-time jobs at normal fast-food pay....A few of the other ridiculous conceits here: This hypothetical worker doesn't pay a heating bill. I guess some utilities are included in their $600 a month rent? (At the end of 2012, average rent in the U.S. was $1,048). Gas and groceries are bundled into $27 a day spending money. And this individual apparently has access to $20 a month healthcare. McDonald's, for its part, charges employees $12.58 a week for the company's most basic health plan. Well, that's if they've been with the company for a year. Otherwise, it's $14. "

job halls

the alt labor movement needs to build
 multi purpose non denominational ***job class meeting places


use union local halls church halls school halls college halls
get space and get started

spread the word.... help the self organizing.... spark the struggle


*** all union pooled funds no one union or a few or a federation  of unions gets  high lighted

real and nominal wages during big D blue nominal green real red inflation

recent wage phillips curve and recessions

 "the basic relationship between wage growth and labor market slack breaks down
 during and after recessions."


" In each of the three recession most recent recessions
 wage growth slows much less than expected as the unemployment gap increases.
but then  Wage growth  continued to slow
long after the unemployment gap began  to normalize "

two phases.


"The first is the recessionary period, when the unemployment rate runs up, pushing up the unemployment gap. During this phase, wage growth declines less than its usual relationship with the unemployment gap would indicate."

" The second phase is the recovery. As the unemployment rate starts to decline during the labor market recovery, wage growth continues to decline. Consequently, during the early part of recoveries, labor market slack and wage growth move down together in a positive relationship, rather than the negative relationship that characterizes the average wage Phillips curve."

" The result is that recessions generate clockwise loops in the wage Phillips curve.
 These loops coincide with periods when the fraction of workers with no wage changes rises sharply"

percent of wagelings reporting no wage change over prior year

another view





note the  dispersion of change around zero
comparing 06 to 11

exchanges in butt fuck status

"The state-by-state health insurance exchanges, which launch Oct. 1, 2013, are the linchpin of Obamacare’s plan to cover the uninsured. The exchanges will benefit a minority of low-wage union members who don’t currently have employer-provided health insurance. But they may harm many other union members who are covered through union-affiliated multi-employer health trusts — which are prevalent in construction and in low-wage industries like grocery and janitorial.
The harm would come chiefly because union members and their employers won’t have access to individual subsidies, or to small-employer tax credits, for insurance purchased on the exchanges. But their nonunion competitors will."

more free training.... less tuitoned schooling

the direct costs of training to the trainee should be zero ..once they pass the tests
their obligation to repay costs should vanish

youth employment v frogs ...our good ? in some ways

we have way way too many" round college " student prince and princess  types

but the french !!!!

and older ?

problematic question
must look at each weed patch up close


jobs oughta be there for everyone
everywhere all  the time ...

15 to 105
smart and healthy
dumb and sickly
two days search...a suitable employment at a suitable wage and set of hours

wew need higher participation and lower median hours