Bush and the 'wageless recovery"

Gary C Gibson - 02:22pm Mar 18, 2005 EDT (#38 of 39) .An article in the Dallas Morning News by Danielle DiMartino page 4D postulated that jobs are returning (after the recession "ended in Nov. 2001") but that the recovery "is wageless". She cited points from Mr. Roach of Morgan Stanley. Of the years 2.2 million jobs added (not subtracting the one's lost to outsourcing or deletion) Four industry groupings, which collectively” employed 36% of all U.S. workers on private non-farm payrolls a year ago, accounted for fully 60 percent of total job growth in private hiring over the most recent 12 month period"-Roach quoted. The industries were;

· Administrative and waste services 385,000
· Health care and social assistance 332,000
· Construction and real estate; 321,000
· Restaurants 257,000

She pointed out that the pace of wage growth has 'decelerated in the last year". The job industries that increased jobs had lower paying positions than the jobs lost and outsourced. Even 'software programming" is going abroad. Mr. Roach was quoted as saying that " A lingering lack of pricing leverage in most products and services keeps cost-cutting uppermost in the minds of corporate decision makers."

Things are not getting better. The long-term trends to outsource jobs and undermine U.S. wages for ordinary workers is proceeding. It has been postulated that in business cycles that have a period downturn coinciding with a downturn in the construction sector and new home construction the recession is very deep. With the retirement of boomers ahead, the housing market would ordinarily drop, as new homes aren't built as rapidly. Illegal alien migrants may not be able to afford the more expensive new homes, unless very successful and illegal drug sales or tax evasion in regular employment and may fail to drive a continued housing expansion in the U.S.

Danielle DiMartino wrote that "At this point in the previous five recovery cycles, inflation adjusted wages had risen by an average of 14%. Since this recovery's onset 38 months ago, they've risen 5%."

Because of the zero population growth policies in the United States since 1970, the population is aging but not increasing much outside of Hispanic and immigrant groups with Afro-Americans being somewhere in the mid-range regardless of what notions might be gained by watching Little Kim on M-TV.

Bush indolence at enforcing border control funding may be a part of a long range plan to benefit neo-Corporatist trans-nationals by flooding the U.S.A. with illegal aliens to provide a populous to drive the housing and construction sector. The increase of jobs and immigrants become a recycling end-in-itself that can only stop when illegal migration is stopped and a zero population ethos is achieved amidst Hispanics and Asian migrants too. The environmental factors are adversely moderated in the trans-national universal phase of course.

Space colonization is the best place for renewed human population growth. In the long run quality jobs will be reallocated about the planet to mollify locals under trans-national control and be retained in America only so far as necessary to support those in classes with immediate political leverage. Of course the next President may have more reasonable policies, and perhaps the ability to find a moral congress that will work for energy independence and new technologies to find good jobs for the poor..