December 15, 2007
Wage Earner Pressures
A dollar don’t buy what it used to. I don’t have to tell you that, but checking the lower half of households in the U.S. we find household income is not keeping up with expenses. When most employees in retail stores here in the East make $8.00 to $10.00 an hour, it’s no wonder. Think of all the employees in the malls and retail stores across America and their take home pay.
• If we break households in groups of 20% each by income, well over half of household income (55%) was held by the richest fifth in 2005, the highest such share on record; • The share of income held by the top 1% has climbed from 9% in 1979 to 18% in 2005. • Check after-tax income of the bottom 20% grew 6%, or $1,800 over these years (1979-2005, in 2005 dollars); the middle-class gained $11,000, up 21%, over these 26 years. The average income of the top 1%, more than tripled, up 228%, for a gain $781,000. • By 2005, the average post-tax income of the bottom fifth was $15,300, the middle fifth: $50,200, and the top 1%: $1.1 million.
Huge different growth rates, the pressure of illegal’s keeping wages down supported by big business as well as Democrats looking for their future vote, have led to much greater economic distance between income classes over the years.
We know about supply and demand. Even with high employment rates, the supply of labor has not changed because of open borders. The politicians vie for votes or are in the pockets of business special interest groups. The native born American who is average, armed with only a High School degree earns practically the same wage as they did 10-years ago, except food, energy and sales and property taxes have seriously increased.
Open borders are unsustainable in a democratic society. The traditional distribution mechanism of supply and demand are distorted by inflating the supply of low-income workers.
So who are you going to vote for? The liberals want open borders and to give everyone here legal status in order to get their votes because 95% of them will vote Democratic.
Other than a few conservatives, traditional republicans and democrats looked the other way because of lobby pressures from business.
Now if half of Americas disposable income keeps decreasing, what do you think is going to happen to the incomes of the upper half?
It’s your paycheck. So, who are you going to vote for?











