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GDP dies not take into account quality. A quality product for a fair price is the goal in a transaction.
The jobs added pay 28 percent less than those lost.
Broken Window Fallacy
Link to those 300k jobs paying less?
The ACA may not be the reason for the economic surge we're currently in, but it definitely hasn't hurt the economy either. It is very clearly OBVIOUSLY superior to the old system we had.
The ACA may not be the reason for the economic surge we're currently in, but it definitely hasn't hurt the economy either. It is very clearly OBVIOUSLY superior to the old system we had.
The average annual salary in sectors where jobs were lost - particularly manufacturing and construction - during the 2008-9 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.
Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.
The report also showed that the majority of metro areas - 73 percent - had households earning salaries of less than $35,000 a year.
There are a few Republicans that can still be counted on to do the right thing.
This is not true of Democrats.
They completed their purge decades ago.
That's simply not true. There are still good legislators on both sides of the aisle. I just simply mock ideologues, especially conservatives who seem to be the most hypocritical and ignorant.
The average annual salary in sectors where jobs were lost - particularly manufacturing and construction - during the 2008-9 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.
Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.
The report also showed that the majority of metro areas - 73 percent - had households earning salaries of less than $35,000 a year.
Globalization, automation, and too many workers will continue to keep wages down.
Look, there's no getting around how the US economy has improved since it's low. People need to stop being stupid, ignorant ideologues.
Globalization, automation, and too many workers will continue to keep wages down.
Look, there's no getting around how the US economy has improved since it's low. People need to stop being stupid, ignorant ideologues.
It's only taken about $1 of debt for $.02 increase in income.
This is the part where you remember equal and opposite reactions from physics class but don't let me claim to be too prophetic. It doesn't take a genius to recognize "house poor."
It's only taken about $1 of debt for $.02 increase in income.
This is the part where you remember equal and opposite reactions from physics class but don't let me claim to be too prophetic. It doesn't take a genius to recognize "house poor."
LOLz huh? Wages follow supply and demand rules. Cheap global workers, increasing automation technology, and surplus of workers.
The average annual salary in sectors where jobs were lost - particularly manufacturing and construction - during the 2008-9 financial crisis was $61,637, according to the report by the United States Conference of Mayors (USCM), which represents cities with populations of more than 30,000.
Job gains through the second quarter of 2014 in comparative sectors showed average wages of $47,171, implying $93 billion in lower wage income, the report said.
The report also showed that the majority of metro areas - 73 percent - had households earning salaries of less than $35,000 a year.
This doesn't prove that those 3 million jobs specifically are lower in wages. All indicators say that isn't likely, considering that median household income have increased 4.5% since bottoming out in 2011.
Currently median household income are -4.5% from 2007 (inflation adjusted, 2014 dollars), a far cry from the -23% figure you're implying. Look for the gap to shrink and perhaps disappear as we inch closer to full employment.
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