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No overall the economy isn't good. Only those with little knowledge about how the economy works would ignore wages, prices and duration unemployed. Next you going to tell us how the economy was good during WW2 because of low unemployment? Completely ignoring the fact that the trade off between producer and consumer is a quality product for a fair price. That was extremely hard to find during the war years as there wasn't much of quality to purchase.
The Median family income is stagnant while prices are rising
The lost jobs that were replaced pay 23 percent less.
For the first time ever a majority of school aged children are on government assistance
Those unemployed are on it a lot longer than before the crash
June 2015
avg 28.1 median 11.3
Technically, the economy in terms of wages has been better than it ever has been since 2000. In terms of private sector employment:
Jan 2001: 111.9 million
Jan 2009: 111.4 million (-500K jobs added to US Economy in the Private Sector, over 96 months)
May 2015: 119.9 million (+8.5 million jobs added to US Economy in the Private Sector, over 76 months)
I would say, the last 6+ years have been dramatically better than the eight years before that.
Technically, the economy in terms of wages has been better than it ever has been since 2000. In terms of private sector employment:
Jan 2001: 111.9 million
Jan 2009: 111.4 million (-500K jobs added to US Economy in the Private Sector, over 96 months)
May 2015: 119.9 million (+8.5 million jobs added to US Economy in the Private Sector, over 76 months)
I would say, the last 6+ years have been dramatically better than the eight years before that.
Revenues and expenditures.
If wages go up 5 percent and costs go up 25 percent, how is that good?
How is an increase of 50 cents and hour, ~ 5 percent, over a 10 year period, good?
The replaced jobs don't pay well, they pay 23 percent less. You shouldn't ignore that.
The last 6 years have been bad. I'd say 2007-2008 were worse but to say the last 6 years compared to 2000-2008 is dramatically better, doesn't hold water.
Revenues and expenditures.
If wages go up 5 percent and costs go up 25 percent, how is that good?
That is better than loss of employment, and wages going down.
Quote:
How is an increase of 50 cents and hour, ~ 5 percent, over a 10 year period, good?
Do you not understand why constant dollars are used? Regardless, ANY increase is opposite of what you tried to claim.
Quote:
The replaced jobs don't pay well, they pay 23 percent less. You shouldn't ignore that.
And here, we're having trouble retaining employees because there is always someone else offering more. I used to see this 10-12 years ago when we were hiring in India... the difference being, jobs here were being replaced by jobs there.
Quote:
The last 6 years have been bad. I'd say 2007-2008 were worse but to say the last 6 years compared to 2000-2008 is dramatically better, doesn't hold water.
Only if you're blinded by hatred of the current administration. Facts beg to differ. 2000-2008 was a disaster of epic proportions no matter how desperately you try to justify shrinkage of private sector by a half million in eight years. Read that slowly... forget ONE job added, LOSS of 500K jobs. And I'm not even counting the cascading effect that continued thru 2009. When was the last time this country saw that?
That is better than loss of employment, and wages going down.
Who says that is the only other answer. That's a dishonest premise.
Quote:
Originally Posted by EinsteinsGhost
Do you not understand why constant dollars are used?
Do you not understand the dollars decreased purchasing power? keep ignoring this.
Tuesday’s report makes clear how little progress the American middle class has made — not just over the past few years, but over recent decades. Median household income was lower in 2013 than in 1989 and is 8.7 percent below its 1999 peak.
Quote:
Originally Posted by EinsteinsGhost
Regardless, ANY increase is opposite of what you tried to claim.
You don't know what I claim. That is why you lied in your first and third sentence. This is weak even for you. Keep making things up.
Quote:
Originally Posted by EinsteinsGhost
And here, we're having trouble retaining employees because there is always someone else offering more. I used to see this 10-12 years ago when we were hiring in India... the difference being, jobs here were being replaced by jobs there.
Offer more or go out of business. Course we could just revoke all the visas that muddle the playing field. Or lower taxes so businesses stay here. naaaahhhh
Quote:
Originally Posted by EinsteinsGhost
Only if you're blinded by hatred of the current administration.
Only if you are blinded by the facts.
Quote:
Originally Posted by EinsteinsGhost
Facts beg to differ. 2000-2008 was a disaster of epic proportions no matter how desperately you try to justify shrinkage of private sector by a half million in eight years. Read that slowly...
lmao 2007-2008 yes 2000-2006 of course not. talk about being blinded by an administration
BTW unemployment dropped to 5.3 percent which was the lowest since 2008. So was 2008 good or bad since you're narrow mindedly focusing on unemployment? read that slowly
Quote:
Originally Posted by EinsteinsGhost
forget ONE job added, LOSS of 500K jobs. And I'm not even counting the cascading effect that continued thru 2009. When was the last time this country saw that?
early 1920's We got out of it under two years because big government got out of the way for the most part.
In a Pew Research Center survey from August, 56% of Americans said their family’s income was falling behind the cost of living, up from 44% in September 2007 — just before the recession hit. More than a third (37%) of Americans in the latest poll said their family’s income was staying about even with inflation; only 5% said they were staying ahead of inflation. What gains have been made, have gone to the upper income brackets. Since 2000, usual weekly wages have fallen 3.7% (in real terms) among workers in the lowest tenth of the earnings distribution, and 3% among the lowest quarter. But among people near the top of the distribution, real wages have risen 9.7%.
Last edited by Loveshiscountry; 07-03-2015 at 10:34 PM..
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