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Everyone cheered when the MSM reported all these job creations every month.
Anyone with a bit of smarts read the actual BLS report and saw that good paying white collar full time jobs were being replaced with low paying, not quite full time service level jobs.
So I'm not surprised that folks are surprised because the MSM fed you a load of horse puck and you all gobbled it up.
Everyone cheered when the MSM reported all these job creations every month.
Anyone with a bit of smarts read the actual BLS report and saw that good paying white collar full time jobs were being replaced with low paying, not quite full time service level jobs.
So I'm not surprised that folks are surprised because the MSM fed you a load of horse puck and you all gobbled it up.
Sure jobs are being created....if I change my staff from one full time to two part time jobs.....I just created a job.
US wages have taken a tremendous blow since Obama has been president. As expected, when one institutes high taxes, opposes individual work rights, increases regulations and restrictions, wages decline and the standard of living falls.
Without seeing their report I'm not sure what their methodology was, but it seems they are using this to bash income inequality. It also seems as if there are cherry picking since they are using average and not median. However, I don't think there is anything we can do about inequality. Few countries have more inequality than us, but what most do is redistribute the money through transfer payments.
I'm from a manufacturing town. Manufacturing was declining in the area long before Obama, but what's happened is that the jobs that were lost were mostly in-house, FTE positions, and what we've gotten back are temp, and short-term work.
Case in point - I was hired at a Fortune 500 at the beginning of 2010 as an employee with benefits. At that time, all new hires were employees. I left the company and, due to some bad circumstances, returned on a different project in mid 2013. By that point, all new hires were contractors. Maybe a third of those ever go permanent, but many are kept in an endless loop of six month contracts, and are living their lives on a six month basis. You can't make any commitments like buying a home or a car because you don't know if your income is stable. Lenders shouldn't lend to you. Hell, even getting an apartment lease would be tough as most leases are for a year, and why would a landlord even rent to a temp?
I don't blame Obama for all cases like this, but he has certainly not been friendly to most businesses and has created a poor environment.
The Bush criticisms are true, but that doesn't detract from my initial questions about what Obama has done to suppress wages.
Wages have been stagnant since the Reagonites and their corporate goons invaded the country.
Wages have only been stagnant for the people on the bottom. True, most gains went to management and shareholders, but even people near the bottom saw a 10% rise.
Corporate profits higher than ever, stock market up huge since the start of his presidency...what could be a more "pro-business environment" than that? Yet stagnant wages are somehow Obama's fault.
How about blaming the "job creators" for a change? Like someone else pointed out, I didn't realize Obama set everyone's paycheck now.
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How does Obama set my paycheck?
