Skip to main content

View Diary: Chained CPI: The wrong solution to a problem that doesn't exist (91 comments)

Comment Preferences

  •  Clearly, I understand the relationship between (0+ / 0-)

    increasing wages and raising Social Security revenue.  But I don't see wages increasing any time soon, nor do I see the political will to remedy this problem, or the problem of inequality.  And continued high UE rates will only serve to further depress wages.

    Some of the Administration's policies exacerbate the problem.  You may have noticed Jim P's comment above, about the TPP.  

    And, of course, there's the Gang of Eight's  proposed [Senate] immigration bill which includes a provision to greatly increase the number of H-1B Visas, which certainly may negatively affect (depress) the wages of many professional jobs over time.  

    I've heard a detailed discussion on C-Span of so-called 'protections' that were included.  Bottom line, of course, the government absolutely is not going to dictate what business pays employees. They enforcement of these protections will be weak, because of the bill language.

    Trade policy is not something that I follow closely.  But I must say, the occasional article that I've read about this issue, sounds real alarm bells regarding its negative impact on labor.

    Anyway, thanks for your input, LT.  I would never disagree with the premise that after thirty plus years of wage decline for the bulk of Americans, we need to pursue a change of course.  ;-)  

    But I don't view this solution as one that is going to help our immediate fight regarding proposed cuts to Social Security and  means testing Medicare (the cuts presently on-the-table, that is).

    Here's the NY Times article (4/5/13) confirming the Administration's inclusion of these cuts in their 2013-2014 Budget.

    Obama Budget to Include Cuts to Programs in Hopes of Deal

    By JACKIE CALMES, Published: April 5, 2013

    WASHINGTON
    — President Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say.

    I've posted the 2012-2013 Budget and the Administration's Proposal to the Supercommittee in 2011, on several occasions.  Both documents outline numerous cuts to Medicare (including ones that even pertain to the "Medigap" policies).  The NYT's and other news outlet implications that 'this is something new,' is simply incorrect.

    Guess it's just more Kabuki!

    Mollie

    "Only he who can see the invisible, can do the impossible."-- Frank L. Gaines


    hiddennplainsight

    by musiccitymollie on Fri Apr 05, 2013 at 09:56:07 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site