First-quarter data from the Bureau of Labor Statistics, released Wednesday, showed a 3.8% drop in average hourly pay for workers not employed on a farm. That's the biggest quarterly drop since the bureau started keeping track of such things in 1947. The latest drop is just more bad news for employees. Hourly pay has grown by an average of 2% a year for the past four years, the weakest four-year stretch on record. Last year's 1.9% boost was the third-weakest ever, outdoing only the 1.4% gain at the start of the recession in 2009 and a 1.8% gain in 1994.
Employees' output, per hour worked, rose 0.5% in the first quarter, according to the BLS, but it was still weaker than the 0.7% gain for all of 2012 or the 0.6% boost in 2011. All of that is way off the track of 3% average annual gains in both 2009 and 2010. But that's OK. Even when production was up, productive economies stopped boosting worker pay a while ago. As for the future, don't expect miracles. Even college graduates have seen their average pay decrease by $3,200 and 284,000 of them are just grateful to be making minimum wage.
This is Marxism; from each according to his abilities to each according to his needs. Marx explained the workers should receive based on their needs and not their wants and desires. To earn according to capability, effort and sacrifice so a person can provide for their wants and desires, brings about capitalism and all of its injustices and oppression. The leader of the Regime and the Marxist/Progressives agrees with Marx and is implementing the philosophy of Karl Mars in the United States.