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Reply #55


Response to high density (Reply #50)

Sat Jul 7, 2012, 09:48 AM

55. Wages and job growth.....

 

Looking at median household income declines makes the job picture over the past couple of decades look even worse.

What worries me the most is the fact that formerly decent paying work is now being advertised at wages 20 to 30% lower than offered as late as 2006/2007.

In my area the auto plants and auto suppliers are starting to hire.

Nissan hired around 1200 people which is good news however the majority were hired through a job service at 11 to 12 dollars an hour. They did hire some people directly and the pay was in the 15 dollar an hour range while the workers there now are making 18 to 20.

GM Spring Hill is hiring new production workers at 15.30 an hour while the recalled workers are well over 20/hr.

The Bridgestone tire factory is hiring new workers at an advertised wage of 13.80 an hour while their other workers were making 22 to 24 dollars an hour.

V.W. is hiring and they pay 16 to 17 dollars an hour.

Now we move on to the auto suppliers. 12 to 14 dollars an hour seems to be the norm for "first tier" suppliers. You move on to the second tier suppliers and I have seen wages advertised as low as 8 dollars an hour.

Job growth has been terrible over the past ten years and the jobs being created are paying less. It doesn't make for a very solid economy when prices are rising (food, fuel) and wages declining. I think people compensated for low pay with credit but that has to end eventually.

The funny thing is people want to "blame" President Obama when this has been a long term trend brought on by past political decisions made by both parties.

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mahatmakanejeeves Jul 2012 OP
Inuca Jul 2012 #1
IamK Jul 2012 #2
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SoFlaJet Jul 2012 #13
stockholmer Jul 2012 #35
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Firebrand Gary Jul 2012 #5
stockholmer Jul 2012 #11
amandabeech Jul 2012 #33
Citizen Worker Jul 2012 #40
byeya Jul 2012 #56
Citizen Worker Jul 2012 #39
Huey P. Long Jul 2012 #26
Firebrand Gary Jul 2012 #36
BT021 Jul 2012 #59
RBInMaine Jul 2012 #34
karynnj Jul 2012 #6
mahatmakanejeeves Jul 2012 #7
alp227 Jul 2012 #15
karynnj Jul 2012 #41
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24601 Jul 2012 #51
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Mayflower1 Jul 2012 #24
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Cosmocat Jul 2012 #31
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TouchOfGray Jul 2012 #25
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high density Jul 2012 #50
LineLineNew Reply Wages and job growth.....
Cronkite Jul 2012 #55
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