Media LIES About Wage Growth
Someone is lying through their teeth about national wage growth.
Today Bloomberg reported that "[p]roductivity gains in the U.S. failed to keep pace with a jump in wages in the first quarter."
Labor costs climbed 2.5 percent, more than twice analysts' forecasts, and compensation for each hour worked jumped to an annual rate of 5.7 percent, the Labor Department said in Washington.But, just last week Reuters reported that this quarter's . . .
[Employment Cost Index] rose 0.6 percent in the first quarter [THE SLOWEST PACE IN SEVEN YEARS], down from a 0.8 percent rise in the fourth quarter and well short of the 0.9 percent gain that had been forecast.That's a substantial difference and both numbers allegedly came from the Labor Department.
But also, according to Bloomberg . . .
The increase in wages exceeded a gain in productivity, which rose at an annual rate of 3.2 percent.While Reuters reported that . . .
[GDP] grew at a 4.8 percent annual rate in the January-March quarter, [more than] twice the fourth quarter's 1.7 percent rate [and] the best quarterly GDP performance since [the third quarter of 2003.]How can wage growth be both (a) the slowest in seven years; AND (b) twice as high as forecast; but nevertheless (c) outpace the growth in productivity; yet (d) fall well short of the quarterly growth in GDP, which just happens to be the best its been in three years???
Now, who benefits from making us believe that wages are growing when in fact they are not only STAGNANT, but when adjusted for inflation are actually DECREASING?
"Worker compensation is picking up, labor markets are tightening and unemployment will grind lower,'' said John Herrmann, director of economic commentary at Cantor Fitzgerald LP in New York. "In turn, the Fed has to be a little wary about rising wages and the threat of pass-through'' into inflation.Not only does it give Americans a false sense of security, but it gives Bernanke a green light to jack up interest rates yet again, tightening the screws on the money supply and increasing the cost of our living, all in the name of "fighting inflation."
We're like rats trapped in an exercise wheel controlled by the FED. No matter how fast we run, they make sure we NEVER get anywhere.
posted by qrswave @ Thursday, May 04, 2006
5 Comments:
Keen Analysis Leads To Inductive Clues: Subjectivism
(Mighty Thor, 4 May 06)
Yes qrswave, I'll say it again: Bush II is like Ken Lay, former ENRON CEO, who is systematically, methodically, degrading, destroying, self-destructing, looting, and sabotaging the US national integrity and sovereignty, economy, etc., all on instructions fm topmost Jew-oligarchal masterminds, the Council on Foreign Relations (CFR--see JBS.org), Israel merely yet another diversion-instrument (though primary and potent, indubitably) for their aim of world hegemony as thru United Nations (UN). See JBS.org with outstanding, detailed expo.
So what to do?--note historic cycle must play itself out, giving us patriots opportunity for analysis, observation, planning, etc.
Judeo-oligarchs will make themselves evermore conspicuous by means of their evermore ruthless "victories." Judeo-oligarchs already insist so hysterically upon their putrid, false, and heretical holohoax religion, backed by the modern Janissary corps of "Judeo-Christians" (JCs--see Whtt.org for definitive expo).
Note we already have good "blue-print" analysis in theory given in Oswald Spengler's "Decline of the West," and Orwell's "1984"--mired as we are presently in "perpetual war...."
Hence we patriots must analyze most seriously as we see topmost conspirators are Jews and gentiles--what is common among them? And that common ideal and working principle becomes our patriot antithesis, SUBJECTIVISM, obsessive, hysterical, and ultimately fatal in the historic cycle of things.
CONCLUSION: "Monetary Collapse" then must be patriot opportunity and hope for resurgence. Honest elections and death to the Fed. Thor
what boggles the mind is, do these guys actually realise what the fuck they are doing?
Do Subjectivist Hysterics Know What They Do?--Good Question
(Mighty Thor, 4 May 06)
Well "bork-" u know--they're (oligarchs) like subjectivists, considering reality is what they want it to be, point being non-objectivistic. Conspirators believe people and reality can be treated by means of "stimulus and response." So biologically people must die, question now is who? And again note as I've reminded u, Orwellian "perpetual war...." Honest elections and death to the Fed. Thor
There is no question about it. these people think themselves unaccountable.
And there are a boatloads of "intellectuals" who think precisely the same way, e.g., lawyers and so-called philosophers.
Yes qrswave, and moralists, people who preach "good-evil" (Pelagian heresy) to those who are addicted to it like "Judeo-Christians" here in USA who think Christianity is non-antisemitic. Perhaps simplest rationalism might prevail. In simplest philosophic terms I submit the issue is objective vs. subjectivism, subjectivists succeeding like a disease-of-opportunity after too many weaklings exist within the herd/population. Honest elections and death to the Fed. Thor
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