Alternative Visions

Alternative Visions - Labor Day 2019: Debunking Myths of Rising Wages & Jobs


Listen Later

What’s the condition of Labor this Labor Day 2019? The official Trump estimate of 3.1% increase in wages this past year is really between -0.8% and 1.1% according to independent bank and other research companies. 3.1% is unadjusted for inflation, is an ‘average’ skewed by big gains for professionals and managers, and refers to only full time workers—leaving out the 60m plus ‘contingent’ part time/temp/gig workers. Independent surveys by Bankrate, Payscale, McKinsey Research, and EPI paint a different picture: 60% of labor force say they got no pay increase at all last year. 45% say they are working 2nd and 3rd jobs to make ends meet. Rasmus debunks with data the Neoliberal lie that business-investor tax cuts create jobs. Trump’s tax cut correlated with big investment collapse. 1.1 million jobs not due to tax cuts last year. US Labor Dept. just announces adjustment of 500,000 fewer jobs last year than previously reported. Monthly job creation no different 2018 than 2017 after tax cuts.  Rasmus describes the continuing attack on unions, especially public sector. (Check out Dr. Rasmus’ blog for article on ‘Myths of Wages and Jobs Under Trump’ at jackrasmus.com)
...more
View all episodesView all episodes
Download on the App Store

Alternative VisionsBy Progressive Radio Network

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

25 ratings


More shows like Alternative Visions

View all
Economic Update with Richard D. Wolff by Democracy at Work, Richard D. Wolff

Economic Update with Richard D. Wolff

1,979 Listeners

The Corbett Report Podcast by The Corbett Report

The Corbett Report Podcast

910 Listeners

Progressive Commentary Hour by Progressive Radio Network

Progressive Commentary Hour

117 Listeners

Ralph Nader Radio Hour by Ralph Nader

Ralph Nader Radio Hour

1,194 Listeners

The Katie Halper Show by Katie Halper

The Katie Halper Show

1,481 Listeners

The Duran Podcast by The Duran

The Duran Podcast

595 Listeners

Gerald Celente - Trends in the News by Gerald Celente

Gerald Celente - Trends in the News

251 Listeners

Bannon`s War Room by WarRoom.org

Bannon`s War Room

17,036 Listeners

Book Club with Jeffrey Sachs by Jeffrey Sachs

Book Club with Jeffrey Sachs

150 Listeners

Judging Freedom by Judge Napolitano

Judging Freedom

886 Listeners

System Update with Glenn Greenwald by Rumble

System Update with Glenn Greenwald

1,172 Listeners

Geopolitical Economy Report by Ben Norton

Geopolitical Economy Report

300 Listeners

Multipolarity by Multipolarity

Multipolarity

36 Listeners

The Chris Hedges Report by Chris Hedges

The Chris Hedges Report

332 Listeners

Daniel Davis Deep Dive by Daniel Davis

Daniel Davis Deep Dive

62 Listeners