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However, supply and demand is not w/o manipulation. By putting up barriers to unionization , allowing guest worker programs and "free trade" the U.S. has kicked the stuffing out of the power of labor after its brief period of ascendency in the 50s.
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And much of that was the fault of Labor, too. And labor "manipulated" prices for labor upward. But the bottom line is that we have labor competition in this country, so wages are determined by the market, not by ABC Corp. I can guarantee you my employer would love to pay me less. But they can't. I would love to make more. But I can't.
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I would like to see a link to your numbers on income.
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No sweat! I'll get you a link in a minute.
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No, but if things have been stagnant before, they are taking a downward turn,now. Cassandra that I am, I think that things look grim.
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That's just your way, dear! There is no such thing as a trend that never changes. Over a period of time you are going to get periods where real wages are flat or declining. Just like with the stock market. But over time we've experienced increasing real wages. Things have not been great in the regard under Bush, but were very good under Clinton. But things are not getting markedly worse, either.
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The numbers are manipulated to make the economy look better than it is. Inflation is certainly higher than the numbers suggest.
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Not sure what you mean! We know what things cost. We know what they cost last week and last year. So I'm not sure how the numbers are wrong.