[was: Re: [PEN-L:16851] Re: Re: Re: Re: re: Welfare can't be abolished
until unemployment is abolished]
I wrote:>>real wages also increase when low-wage workers are the first to
be fired.<<
Doug asks:>Do we know that's actually happening? Manufacturing workers are
losing jobs most rapidly of all, and they paid higher than average.<
In his "Jobs Byte," Dean Baker writes: >Most of the news in the household
survey was negative. The unemployment rate rose for almost all demographic
groups. The unemployment rate for teenagers rose by 1 percentage point to
14.4 percent. For blacks it rose by 1.2 percentage points to 9.1 percent.
The unemployment rate for black teens jumped by 4.9 percentage points to
30.4 percent. By education group, those without high school degrees were
hardest hit, seeing a 0.7 percentage point rise in their unemployment rate
to 7.3 percent.<
you can see from the above that the unemployment rate jumped the most for
the least elite segments of the labor force, i.e., those who are typically
paid less (and have less job security). That fits with what I said.
Jim Devine [EMAIL PROTECTED] & http://bellarmine.lmu.edu/~jdevine
