tag:blogger.com,1999:blog-2992740250270600844.post4134818489911034415..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Jobs Are Not All Created EqualBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2992740250270600844.post-75135769687786783572015-03-06T16:35:21.331-08:002015-03-06T16:35:21.331-08:00Jim thanks for the comment. Your attachments show ...Jim thanks for the comment. Your attachments show how American workers income from 1968 adjusted for inflation showed little real growth despite considerable productivity gains. Looking at your charts I found them very interesting.<br />Many factors need to be considered but I fear a great deal of the flat earnings over the last several decades is the result of the intentional shift of manufacturing jobs overseas. Manufacturing is the crux of creating wealth in any economy. Much of the stagnate wage growth is the result of the decision to develop China into an economic powerhouse during the 70s to counter balance Russia.<br />As for the inflation it took off after an expensive war in Vietnam and a key reversal in America's trade account. It shifted from surplus to a deficit as other countries became more competitive using low wage workers, goods from Japan and China have flowed into America. We have also spent a massive amount of dollars on oil causing the dollar to lose value. It is clear from these charts the American worker has little to celebrate.Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-34617264231716462302015-03-06T09:20:23.142-08:002015-03-06T09:20:23.142-08:00Bruce, I (Jim Davis) uploaded two tables on the Mc...Bruce, I (Jim Davis) uploaded two tables on the Mclaughlin.com web site. Please look at them and reply!alliance for fairnesshttps://www.blogger.com/profile/15435393201403816440noreply@blogger.com