January 13. The business press is crowing about job numbers. 145,000 more jobs in December. The average for the year is 176,000 each month in 2019, lower than the year before but enough to keep the country fully employed.
Wage growth is supposedly 2.9% for employees. Hold on. That doesn’t account for rising prices. In truth since the end of the Great Recession in 2009 wages just grew by a pittance.
In 2018 Forbes magazine (which used to call itself “Capitalist Tool”) did a study about wages. “The starting point is, again, June 2009 at $334 per week, with the end measured in the second quarter of 2018 at $351. That is a 5.1% increase over nine years, or about 0.57% a year.”
A teeny bit over a half a percent a year wage increase.
That was a year and a half ago. Haven’t things improved? No. Since June of 2018 the Trump’s U.S. Labor Department’s Bureau of Labor Statistics says weekly wage increase after accounting for inflation (the “real” wage increase) has been 0%.
Here are some other numbers. Business magazines don’t talk about them.
411.85, the number of parts per million of CO2 in the air. Anything over 350 is very dangerous in the long run. It’s up from 408.55 in 15 months and its directly connected to the demand of capitalism for infinite growth.
552,000 homeless in the U.S. in part due to rising prices of homes and zoning that doesn’t allow apartment of houses affordable for working people.
Last fall Military.com reported that the military suicide rate has reached its highest rate on record.
AND The 1% Pocketed 85% of Post-Recession Income Growth