Wage Decline Quotes

If you look at the US economy over the last 15-20 years wages have been stagnating or even declining.

Over the years, we have lost millions of decent paying jobs. These trade agreements have forced wages down in America so the average worker in America today is working longer hours for lower wages.

Average real wages in Mexican manufacturing are lower than they were 10 years ago, if you can believe that.

Open borders drive wages down for the black community.

Long-term unemployment is particularly costly to those directly affected, of course. But in addition, because of its negative effects on workers' skills and attachment to the labor force, long-term unemployment may ultimately reduce the productive capacity of our economy.

If expectations of lifetime earnings drop, then so will spending.

One of the reasons that Social Security is in so much trouble is that the only funding stream comes from people who get a wage. The people who get wages is declining dramatically. Most of the income in this country is made by people at the top who get dividends and - and capital gains.

The longer workers are unemployed, the greater the likelihood that their skills will erode and workers will lose attachment to the labor force, permanently damaging the economy's dynamism and potential output.

The working class’s share in the national product is constantly diminishing – there is not a shade of doubt about that. The working class is becoming poorer not only relatively, but absolutely too; its income, far from increasing in the same progression as those of other classes in society, is falling; the real wages of the modern proletarian (the quantity of consumer goods falling to his share) are less than the worker’s pay was five hundred years ago

Let me tell you the story about Massachusetts under Governor Romney. It did fall to 47th out of 50 in jobs creation. Wages went down when they were going up in the rest of the country. He left his successor with debt and a deficit, and manufacturing jobs left that state at twice the rate as the rest of the country.

Over the years, America had become more like Wal-Mart. It had gotten cheap. Prices were lower, and wages were lower. There were fewer union factory jobs and more part-time jobs as greeters.

When union membership goes down, so do wages.

After years of mass immigration, falling wages, and surging joblessness, isn't it time we focused on the needs of the people living here today? Isn't it time we got our own people back to work?

People are not doing well financially. I mean, wages are down from 2000. They're down from 2007. 2000 - down. Not going - they're below what they were in 2000. People are hurting. Things aren't going well for them.

Today, the Federal minimum wage purchases less than it has at any point in the last 50 years. Let me repeat: The Federal minimum wage purchases less than it has at any point in the last 50 years.

Since NAFTA was put in place, Mexico has lost 1.9 million jobs and most Mexicans' real wages have fallen.

In Indiana, which has been hard hit by manufacturing losses, job declines, and shrinking wages, Governor Pence combined tax cuts with spending restraint to spur the Hoosier economy.

The question for so many is the quality of work, the future of work under globalism and de-industrialization. A typical example is a person who had a good factory job making 80,000 dollars, with health insurance, who was able to send his kids possibly to college and then he or she suddenly loses that job because the factory closed down. And now that same person is bagging groceries at Walmart and making $35,000.

Real wages for male workers in the United States are about what they were in the '60s.

We're living through an era of higher income inequality than the country has experienced since before the Great Depression. Meanwhile, most people are running in place, and those in the bottom quintile of the economy are being swept backward year in and year out. A worker with a high school education today is likely to earn less in real terms than did their parents and grandparents in the early 1970s. Not coincidentally, while overall life expectancy is increasing in America, for those with low levels of education it's actually declining.

Like many places across the country, Wisconsin lost more than 100,000 jobs from 2008 to 2010. Unemployment during that time topped out at over 9%.

One of the major forces driving the decline in wages and the concentration of wealth at the top is the offshoring of American jobs overseas - reducing wages not only in manufacturing but also across the economy.

Since 1978 for the bottom half of the wealth distribution male median wages have actually gone down. And I think that's a crucial reason. If you are a male worker, your median wage since 1979 has gone down.

We're the highest taxed nation in the world. Our middle class is just reeling from the taxes. And you know, if you think about it, the middle class and the workers of this country, who really built the country, they haven't had a raise in 12 years. They're making less now actually - to be even worse about it, they're making less now than they did 12 years ago.

The political world is changing rapidly. What the establishment has learned, what the Democratic establishment, the Republican establishment, the media establishment, is the world is not quite what they thought it was. With the middle class disappearing, with people working longer hours for lower rages, with people worried about the future of their children, what you are seeing is a lot of discontent at the grassroots level all over this country. And that's what's going on right now.