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Mayors Report: US Wages Are Down 23% Under Obama

From a curiously not fault-finding Reuters:

U.S. jobs rose since ’08 crisis, but pay is 23 pct less: report

August 11, 2014

(Reuters) – Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday.

Job growth hasn’t been "undermined" by lowered wages. The only reason there has been job growth is because more and more companies are switching over to part time employees.

Which they are doing to avoid the employer mandate in Obama-Care. A phenomenon we were assured by the White House and its media minions would never happen.

By the way, besides the recession, what also happened in 200I? We’re trying to remember. Oh, that’s right. Obama became President. Funny how Reuters never mentions that.

The average annual salary in sectors where jobs were lost – particularly manufacturing and construction – during the 2008-9 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.

Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.

Adjusted for inflation (which we are told doesn’t exit), that $61,637 would be $68,232 dollars today. So things are even worse than this report says.

The report also showed that the majority of metro areas – 73 percent – had households earning salaries of less than $35,000 a year…

American workers, on average, earned $24.45 an hour in July, up only a penny from June. Over the last year, wages have grown just 2 percent, in keeping with where they have been stuck since late 2009.

All of this is just more proof that we need to give work permits to millions more illegal aliens. That will drive wages up for sure.

This article was posted by Steve on Tuesday, August 12th, 2014. Comments are currently closed.

2 Responses to “Mayors Report: US Wages Are Down 23% Under Obama”

  1. courtneye says:

    Yet they defend these policies to their last breath. I think I’ll have a glass of wine now…this insanity is too depressing!

  2. GetBackJack says:

    The Lake Mead of Labor Report

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