Yes, but...
By the way, if the British public are not opposed to Turkish entry, it's probably because they haven't thought about it much (yet). BBC Radio 4 mentioned it towards the end of their news bulletin and spent about 15 seconds on it.
(Via Greg) Emmanuel at Ceteris Paribus, a blogger in French, though the English quotations are often worth the time in themselves, has some interesting remarks on the 35-hour week.
Car le PIB [Gross Domestic Product] est, en tout cas à partir d'un certain niveau de richesse, un indicateur assez imparfait du bien-être national.Another post links to Kevin Drum's remarks on an article from the Los Angeles Times. I never quite believed 'American workers earn no more than they did 30 years ago.' Emmanuel's 'Les salaires horaires des travailleurs américains peu qualifiés sont aujourd'hui inférieurs en termes réels à leur niveau du milieu des années 1970' [His emphasis] or 'Les salaires horaires des travailleurs américains peu qualifiés sont aujourd'hui inférieurs en termes réels à leur niveau du milieu des années 1970' [My emphasis] and Drum's 'the poor may be a bit better off in average terms than they were 30 years ago' are more convincing . But a commenter put it with precision:
From http://www.census.gov/hhes/income/histinc/h03ar.htmlI put in the italics, since another commenter said, 'it's even worse if you take inflation into account...'.
Household income for lowest fifth (in 2001 dollars):
2003 $9,996
1973 $9,210
Wow! A whoping 8.5% in 30 years.
1 Comments:
I think I was referring to the secular decline in the real value of the federal minimum wage. Hence the "hourly wage" and the "low-skilled" workers. That can indeed be misleading, since the minimum wage is higher in some American states.
The Census figures deal with "annual household income". The paltry 8,5% raise in real income could be explained by, among others : increasing labor-force participation (from one to two wage-earners in one household), longer working time to compensate for falling wages and higher transfer payments (e.g. social security checks, which are indexed to average wages).
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