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In reply to the discussion: "there’s reason to believe the link between falling unemployment and rising wages has been severed" [View all]ProfessorGAC
(76,711 posts)17. Not Sure I Know Where You're Going
This isn't a "local factory closed" phenomenon Reich is discussing. It's a macroeconomic situation.
And, his point is that even though the job market increase has reduced control the "demanders" have over the supplly of talent, wages haven't gone up. That's the opposite of your conclusion.
So, it seems you're concluding things that are counter to what Reich actually says, because that's what you want it to say, and then concluding "Reich nails it".
How?
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"there’s reason to believe the link between falling unemployment and rising wages has been severed" [View all]
marmar
Jan 2015
OP
No doubt about it. Our workers now have to compete with Bangladesh wages (and working conditions)
Doctor_J
Jan 2015
#1
You are spot on. The TPP is indefensible, and I wish, in a way, TPP supporters
djean111
Jan 2015
#20
+ 1000 to that. Anyone with Wall St investments is a TPP supporter at this point.
raouldukelives
Jan 2015
#118
count me as cynical, with cause to be. if you're not, you haven't been paying attention.
ND-Dem
Jan 2015
#94
he's not soft peddling it. This is a hard sell of yet another far right abomination
Doctor_J
Jan 2015
#67
The "US's position" is the position of the multinational corporate lobbyists.
stillwaiting
Jan 2015
#58
and people who used farmers markets used to be 'well outside' too. but now we have two
ND-Dem
Jan 2015
#93
I live in a poor, conservative town and a hell of a lot of people go to the farmers' market.
ND-Dem
Jan 2015
#99
no (though we don't have a 'mega' grocery store.) but being as 20 years ago we didn't even
ND-Dem
Jan 2015
#103
All of the language in the negotiating position of all of the partners ...
1StrongBlackMan
Jan 2015
#26
I have come to the conclusion that it is impossible to have a reasoned debate here on DU about this
MADem
Jan 2015
#55
"...build on the strong labor provisions in the most recent U.S. trade agreements"< Which destroyed
jtuck004
Jan 2015
#100
I don't think he missed it all seeing the same point is right there in the blurb
TheKentuckian
Jan 2015
#86
I don't know if it's you or me, but I'm having a hard time getting your meaning. "Demanders"
ND-Dem
Jan 2015
#95
Outsourcing results in factories closing when the entire function is outsourced
seabeckind
Jan 2015
#36
It is so curious to me that income inequality does not mean "equality" to some
BrotherIvan
Jan 2015
#74
yup - too many people are distracted by shiny numbers and not seeing the real picture
Skittles
Jan 2015
#91
Sorry this is happening for so many new hires. I can only speak for my family 4 re-employments
kelliekat44
Jan 2015
#47
BUT IT HAS NOTHING TO DO WITH NOT RAISING TH MINIMUM WAGE! so says the tinklebell wing.
pansypoo53219
Jan 2015
#66
And the president's a good man. He would never favor corporations over Americans
Doctor_J
Jan 2015
#68
Things are going to get even worse with Deep Learning AI threatening many service and admin jobs
AZ Progressive
Jan 2015
#104
Americans have been suckered into believing $15 an hour is a really good deal....
Spitfire of ATJ
Jan 2015
#109
Mission almost accomplished. Creating a cheap labor force right here in the US.
sabrina 1
Jan 2015
#120