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Chris Wysocki
Caldwell, NJ
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Friday, 31 July 2015
More Obamanomics #fail: US wage growth falls to a 33 year low
Gee, I wonder why wages are stagnant 7 years after The Great and Powerful Obama took charge of our economy?
U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.
The employment cost index rose just 0.2 percent in the April-June quarter after a 0.7 increase in the first quarter, the Labor Department said Friday. The index tracks wages, salaries and benefits. Wages and salaries alone also rose just 0.2 percent.
Both measures recorded the smallest quarterly gains since the second quarter of 1982.
Salaries and benefits for private sector workers were unchanged, the weakest showing since the government began tracking the data in 1980.
Pay no attention to the community organizer behind the curtain.
Because really, after businesses are done paying all his extra taxes, and shelling out for Obamacare, and complying with thousands of onerous new regulations, who's got any money left for frivolous stuff like salaries?
And if you're one of those Bernie Sanders bozos who bought into the idiotic allure of a $15 per hour "minimum" wage, well, McDonalds has some bad news for you too.
But hey, you can always line up for more government cheese.
Posted at 11:11 by Chris Wysocki
[/economy]
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