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Need to the national employment law project released a study.
It shows that not a real wages down about 3% since President Obama took office there also down.
-- point 1% amongst a low wage workers that is the very group.
That the president's policy is all meant to help.
Who gets the blame for this we have the national employment -- projects Jack temple with us now from Washington -- welcome to the program.
I've read the report I've read the analysis.
Seems to me like -- group is blaming -- immigration.
The eleven million undocumented people crowding out native born -- is that what you put the blame for this.
-- no not at all actually and I and that that the wage declines that we're seeing across major occupational groups throughout the economy today.
Have to do with the fact really that workers today just don't have the same strength in the protections.
That help I boost wages across the board -- so for example.
The federal minimum wage hasn't been increased in the last four years workers there having a very hard time I exercising a voice in collective bargaining power at work.
And those -- the traditional forces that have supported higher wages and upward mobility for workers across the country no I got -- -- come on its growth.
If you get vigorous -- real growth in the economy everybody's boat rises you give me 56% growth if that's what you gets.
Then we would see wages rise not fool.
Well -- the story usually works the other way when we boost wages -- boost the spending power of workers in the economy.
That's more shopping and it's yours that gives businesses the confidence you got it backwards the president thought -- come on Jackie I have.
The president's policies have not provided -- has not given -- the growth that we associate with America.
The best we've done these walked two and a half 3% growth in the last four years that's the best we've got it that what all 56%.
-- relevant what the minimum wage is irrelevant the position of unions you would have a lot more income going to low income people come.
Act Italian if you ask workers themselves that's working families what are -- the what are the policies they're gonna help them make ends meet.
And that's the main concern for workers in the economy today is -- for their bills can afford the cost of living -- -- those -- the latest it -- yet that you're right you're right.
But then -- higher wages aren't the only vehicle.
Jack would you -- you know -- That if you got 456%.
Do you really believe that -- his income real income would not -- It is traditionally workers' income and higher wages that powers economic growth that was the lesson of the late 1990s -- -- extensive wage growth.
Particularly among low income workers but across the board as well.
We had strong economic growth particularly.
Through the end of the decade you've got -- the -- around Jack.
You go to the wrong way round if this president.
Had to have -- would tax rates for corporations and individuals and push money into the private sector.
That would have given you the growth.
Bid the lesson just doesn't show that either major low wage employers today the walk though the wal -- McDonald's the major sort of -- and fast food chains.
That are driving a lot of the stagnant wages that we're seeing in the economy today.
Are already incredibly profitable there across the board nearly earning higher profits today than they were before the recession but -- is not that we need to strengthen corporate profits the lesson is that those profits.
Are not yet trickling down and higher wages and its policies like raising the minimum wage policies like strengthening collective bargaining power but workers but only fair that -- profits -- Yeah got a job yeah -- is Melissa Francis I mean if you start with raising wages.
Where that money gonna come from it doesn't come from a money tree it's gonna come from raising prices on the goods and who pays for those goods.
The very people that you're saying don't have enough money in their bank account right now he can't start with raising wages out of the gate.
That money's just gonna come from those pockets out there -- it at Wal-Mart will just raise the prices.
On goods that's how the paper higher wages -- yeah I just got to raise the you've got to grow the entire economy in order to raise wages naturally rather than -- Nationally.
But that they -- it just doesn't support that position actually -- -- -- businesses have done in the past we've got an abundance of data over the last two decades.
Looking at the impact of minimum wage increases on the state level and what what do you look at it tax cut.
Minutes when it I think either charged not -- odds are you hire fewer workers are you cut their hours Jack temple has to come from -- Jack W a flat out wrong.
When President Bush -- -- -- tax rates on individuals he set off 48 straight months of job growth.
And and wages were stagnant throughout the biggest throughout much of President Bush's term median wages are stagnant front -- President Bush gives you had gross incomes if we had growth that's not the lesson of the last decade the last -- that -- -- -- -- like ages is the last of the Obama administration is you take it off this group.
The -- rich and you get it for the long suffering poll.
And you will grow their wages and grow the economy.
That did not happen.
-- in the second quarter of this year would down to bungle 1% growth for heaven's sake Jack c'mon.
Last what did it.
But what we haven't pursued the policies like raising the minimum -- we haven't done enough to protect.
Bargaining power for low paid workers we can't learn that lesson if we haven't tried -- the fact matter is that historical data proves.
Unequivocally the higher wages translate to higher economic growth.
In many cases higher profits for the very low wage employers to savings in the form -- increased productivity reduce worker turnover that economic soundness are very clear you know you're a young man -- you remind me of somebody you from the 1950s.
On the left.
-- you know c'mon.
High -- out a way at a time.
But would come home back it would talk about those wicked immigrants shell.
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