Wages in America and the Attack on Labor

The attack on labor is in full throttle. We hear reports of outrageous pay for government workers with economic fictional spin. Pundits weave tall tales blaming the workers themselves as the reason for America's economic malaise. Actual wage statistics are never mentioned. Nor is the never ending income inequality in the United States and the policies which cause it.

Manufacturing Tuesday: Week of 01.05.2009

It's the start of the new calendar year, the start of a new Presidential administration (well on the 20th actually), and of course the start of the first business quarter. We got in some disturbing, ok that's putting it mildly, some crappy manufacturing news from the gang at ISM. The steel industry, in hopes of restoring some business, initiates a new campaign. Arizona & Michigan are starting a green jobs plans. All this, but first...

The Numbers!

This week's Numbers section actually will also be one our leader story. The latest from the Institute of Supply Management's Manufacturing Survey came in at below what folks were figuring. Now to those new to all this, the ISM Manufacturing Survey is a study of 300 manufacturing firms; the numbers are registered as an index, anything above 50 means expansion in manufacturing, below 50 the opposite.

EPI: If Big 3 Fail 18% Unemployment in Michigan

The Economic Policy Institute has a new report out today about the economic impact of an auto industry collapse. A previous report by the Center for Automotive Research (CAR)estimated that a total collapse of the big 3 would result in the loss of almost 3 million jobs, and $554.6 billion(4% of US GDP) in economic losses. What was missing was a state by state breakout.

United States Universities Subsidizing The Competition

The below video exposes the University of Michigan recruiting and educating foreign nations in fields where companies are now laying off Americans. The video points out this is paid for by the US taxpayer, which begs the question, why is the US taxpayer subsidizing it's own economic destruction and why are our Universities, that we pay for, promoting this?

Further reading:

Are Our Universities Ours?