Recent studies have concluded most Americans are overpaid

Recent studies by CNN.Money have concluded most Americans are overpaid.

"Americans are overpaid. For the global economy to rebalance, the pay gap between Americans and the rest of the world must shrink. It's possible to run the numbers to show that U.S. manufacturing workers should take average real wage cuts of as much as 20% to get into global balance."

The fact that most Americans are paid to much is one reasion President Obama's stimulus bill failed by its own standards. In a January 2009 report, White House economists predicted that the stimulus bill would create (not merely save) 3.3 million net jobs by 2010. Since then, 3.5 million more net jobs have been lost, pushing the unemployment rate to almost 10 percent.

If we want millions of good manufacturing jobs that have gone overseas to come back to America, "the pay gap between Americans and the rest of the world must clearly shrink."

Please check this out.

 

It is my belief that our corporate tax levels, regulations and Union interference in the Free Market's natural regulation of wages and prices are what has led to this disparity.

That, and currency inflation (which can be laid squarely at the feet of the FED).

 

Funny, I don't feel overpaid.

I work a 40 hour work week, Have a room-mate to split costs, and still barely manage to afford my current lifestyle.

And my current lifestyle, It's not living like a king. I have the basic needs covered, and a small amount of money to spend on extras.

Am I poor compared to a poor person in a third world country? Of course not. But if you think I'm just going to sit by and let my quality of life deteriorate to that standard, Your crazy.

Why are Americans trying to drive their own down into the dirt like this. We should be working for the benefits of ours FIRST (Our family, Our friends, Our community, Our city, Our state, Our country). Then, when we work out our own problems, We can start on helping other countries.

Thank you for your time.

 

Except for the ceos. They deserve all the money and other compensations that they receive.

(*)(*)(*)(*) the workers.

 

psst: What CEO's make doesn't affect what workers make. HTH.

 

The Republican answer to fixing the economy is to be more competitive with the basic slave labor in places like China and adopt that here....

 

That's not true. The Conservative answer is to relax those factors in our economy which artificially inflate our wages and prices, and - in the process - lower our overhead to levels more compatible with circumstances found elsewhere.

Wages would decrease (more accurately: wages would stop climbing at an inflationary rate, while the rest of the world catches up), as would the cost of living.

While simultaneously enjoying a massive influx of economic activity. Good all around. If you don't understand that - or how it can happen - you do not understand Conservative positions wrt to this.

 

And yet, we have one of the highest income inequalities in the world. Huh? isn't that strange.

Do you even consider teh harm your flawed ideology does to the country before you post such nonsense?

Option #1. you are a rich business owner (unlikely)
Option #2. You are a brain dead moron that is incapable of thinking.

 

I read the article but there's no mention of a study. It's just the opinion of a global capitalist and conservative.

We don't need a study to tell us that the right-wing hates hates the idea of workers getting paid enough to live on. We already know this.

 

We are overpaid if we choose to compete in manufacturing commodity items. We need to leverage our intellectual capital and manufacture higher "value-added" items. Take a look at Germany, the world's 2nd largest exporter (surpassed only last year by China).

They succeed by using a highly educated/trained workforce manufacturing high value-added items. A Mercedes or BMW has the same amount of sheet metal and rubber as a GM or Ford product, but sells for a great deal more money.

We can choose to emulate their business model or compete with third world labor manufacturing commodity items. Take your choice. Warning - the better choice (IMHO) costs money up front for education/training.

 

Yes what a great idea! Let all the middle class workers take 20% pay cuts. That way they will struggle even more to pay mortgages and other necessities. Then of course when more people get foreclosured and hurt those poor banks even more, The right wing extremists will just say people are "lazy" and that the CEOs have every right to make over inflated profits.

 

I amazes me that no one draws the logical correlation between teh distribution of wealth prior to the GREAT DEPRESSION and the trends of the distribution of wealth over the last 30 years.

I

 

People do. It's just that the corporate owned media doesn't like the narrative that it creates.

They would rather have Americans compete with 3rd world countries in terms of how much the front-line worker is paid even while corporate profits and executive pay are at record levels.

It's all those lazy workers' fault for wanting to be paid a decent wage. What are they thinking??

 

This is hilarious!

When it comes to ANY idea or concept, the Right SCREAMS that we MUST NOT listen to OTHER COUNTRIES!

They are COMMUNISTS! SOCIALISTS! UN-AMERICAN! ANTI-AMERICAN! MUSLIMS!

Except in ONE THING!

Apparently they consider OTHER COUNTRIES' EXPERTS in deciding how LITTLE to pay workers!

Gee, whose side is CNN-Money on, do ya think? Who is the audience they want to please with the assumptions in this article?

Well, if you gave me lifetime FREE MEDICAL CARE, SIX WEEKS VACATION, TWENTY OTHER HOLIDAYS, UNLIMITED UNEMPLOYMENT, massive LOW COST MASS TRANSIT so I didn't need to OWN A CAR if I didn't want to,

Yeah, I'd take a 20% cut in pay!

 

So "toddwv", your thoughtful solution is NOT to have Americans compete with 3rd world countries for good paying jobs!

This is the approach we have taken for the last 50 years and this is why millions and millions of good jobs have left the United States never to return!



By the way, here is why most liberals have a difficult time expressing themselves and often are very dizzy when it comes to organizing their thoughts and thinking clearly!



QUOTE]

 

So your answer is to somehow try and forced workers to take 20% paycuts while its perfectly fine for CEOs to continue to receive over inflated bonus'? If you answer yes then you need not post in this thread anymore.

 

You know what we need? We need a nuclear holocaust to end this wage slavery. I think its kinda of funny, after 30 years of wage repression. people say Americans are overpaid. Germans and majority of Europe "minimum" wage is $15 - $16 an hour.

But (*)(*)(*)(*) life. Lets kill everyone then we wouldn't have to deal with wage slavery for the rest of our life.

[ame="http://www.youtube.com/watch?v=Ut8XsEDyyzo"]Time to quit? - YouTube[/ame]

[ame="http://www.youtube.com/watch?v=Zc21ylpurO4"]US recession fueled by low wages and consumer debt - YouTube[/ame]

But I'm more in favor of a Nuclear Holocaust. We need to be wipe off of this planet.

 

Why on earth, toddwv, would you post a chart that no one could possibly read?

Please provide a larger, readable version of this chart or a link that includes a larger, readable version.

And don't include one from the "Cuban Underground"!

Thanks!

James Cessna

 

Speaking of "organizing thoughts and thinking clearly", Uh, you may wish to consider that since your proposal calls for paying very little for "good paying jobs", they are NO LONGER "good paying jobs"!

 

I'll tell you who is overpaid. The people who work on and publish these studies. Them and our politicians.

 

yeah,lets lower the minimum wage during a time of inflation and the cost of living is high.Great (*)(*)(*)(*)ing idea.
Taking financial advice from progressives is like taking driving lessons from Stevie Wonder.

 

And people that are already struggling have no business taking out mortgages they couldnt afford in the first place.How do you think the housing market collapsed?Domino effect.housing market collapsed which led to foreclosures,banks suffered,Wall Street suffered.
Anyone remember this?


[ame="http://www.youtube.com/watch?v=iW5qKYfqALE"]http://www.youtube.com/watch?v=iW5qKYfqALE[/ame]
I dont know where you all bank,but thinks to the Frank-Dodd Act,you will probably soon be seeing a $3 fee for using your debit card,and a $10 monthly fee.No more free checking and savings,its time to pay the banks back and you can thank the dickhead in the video for that.Sure,you can avoid the fee by keeping cash,but Im sure in this age of online shopping,most of you use some sort of electronic payment process,and you cant do that with cash.

 

You are funny, Montoya!

This might be your solution to the problem of American job losses to our overseas competitiors, but it is definitely not my solution!

The obvious solution is for American workers to take a pay cut so their consumer products will become less expensive and more competitive on the world market. Then as our companies do more and more business as a result of an increased demand for their products, the workers can take advantage of these many new opportunities by participating in a “profit sharing plan” with the company for whom they are employed.

If the company is successful, the money the workers earn from their new profit sharing plan will more than make up for the pay cuts they agreed to accept to make American products more competitive on the international world market.

To compensate the workers for a good job and their sacrifice, the shareholders and corporate managers agree to give (donate) a percentage of their quarterly profits and their usual bonuses to the employee’s profit sharing plan.

This becomes a win-win situation for everyone! The company earns greater profits as a result of greater sales; consequently the workers win, the shareholders win and corporate management wins! … Good times are here once again!

Problem solved; case closed!

 

4 things get in the way of this worker-company paradise
Regulations
Taxes
Obama Care(healthcare in general)
Unions

You really think the unions are going to take a pay cut?Hell,they cry NAZIS when they are asked to contribute into their pensions.