Wednesday, August 03, 2005
Wages in SE Wisconsin
HT to Sykes, king-of-the-hill broadcast blogger...
The J-S ran an article noting that mean wages in SEWisconsin are "flat," which allegedly confuses/confounds the "experts." (http://www.jsonline.com/bym/news/aug05/345648.asp?format=print)
That's because "experts" have agendas. The Governor's "experts" want better numbers because they want the Governor to get the credit. After all, Jim Doyle creates 'good-paying' jobs, right? (Yes, he does--note the TEACHERS' median in the accompanying chart.)
The other "experts" can't understand it because the USA has officially entered the Permanent Workers' Paradise of Global Free Trade. Curmudgeons like yours truly were among those who frequently commented (in vain) that "Free Trade" with slave States such as China, and the concomitant demolition of industrial jobs, would have a negative effect on incomes.
But never mind that little detail. Unprecedented second-mortgage financing led to increases in consumer spending (thus, GDP)--so all's well, right?