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Old 05-08-2008
southrnfried southrnfried is offline
Concerned Citizen

 
Member Since: May 2008
Location: south
Posts: 43

   
Re: No Recession Yet - GDP up in Q1-2008

Quote:
Originally Posted by iamwhatiseem View Post
Absolutely...this is the first generation since the depression that a worker entering into the same job, at the same plant - will make LESS actual dollar per hour than 10 years ago.
Not to mention reduction in benefits, high food costs etc. - no doubt for the blue collar Joe - this economy is nothing less than hell.
Could it be that those plants have become less dependent on labour thereby decrease the value of the labour a worker performs? Or it could be that the company is bogged down paying retirement packages the company can't afford at the expense of present day workers. You're making quite a few broad assumptions to validate your ideas.
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