Wednesday, July 29, 2009

Recovery jobless and pay-less?

More at The Real News

Translation: if you drop wages, who's going to buy your stuff?

If you're still doubtful about "downward mobility", you can find more information Bill Moyer's Now, Downward Mobility (The Family Budget Calculator that the article cites has moved, and the data hasn't been revised for this year). Think they're a little excitable, according to the Economic Policy Institute, "The most recent data show there are now nearly 6 workers for every single job opening in the country."

Salary negotiations where you think you are going to get paid what you are worth will be a thing of the past. And most workers will be worth-less.

No comments: