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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.
I didn't imply anything. I posted an article which had the source of the numbers.
Where is the source for your numbers ?
Nonsense; Loveshiscountry. How many things do we spend on that take away elsewhere? That 1,500 calorie meal causes health issues, people buy beer and cigarettes, neither exactly healthy. BUT Healthcare is a terrific job engine, plus the technological gains no doubt have positive ripple effects, just as the first moon mission had ripple effects on technology.
As far as median income, we're about 4.5% short of 2007 and 5.5-6% short of 2000. The U6 was significantly lower both years on average, which undoubtedly plays a factor.
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Quote:
Originally Posted by momonkey
On the three occasions that Republicans controlled both houses of Congress, either we had full employment or existing unemployment declined while running deficits either declined or the budget was in balance.
Those are the facts.
Either or arguments only work on small children. What you are doing is called misdirection.
And to answer your misdirection.
in 1995 when Republicans took control of congress, employment had dropped every month for 2 consecutive years. Its not like Republicans took control of congress and caused it to happen, it was already going on.
in 2003( when the senate went from 50/49 to 50/50 to 48/51 in favor of republicans), the unemployment rate actually went up and the deficit grew, we also didnt have full employment.
and here in 2014/15, The deficit has fallen for 5 straight years, unemployment has fallen for 5 straight years.
Face it, you tried to give republicans credit for something they didnt do, even in real time as you know unemployment has fallen and deficits have fallen before they took office as the majority in both house.
calling them facts does not mean they are right in the context that we are discussing.
Now that i have debunked your misdirection, do you mind responding to the context of my actual post ?
His argument was that "they saw it coming" well Democrats added to their majority in the senate in 2012, and to their minority in the House, if Bent's logic was true, then the economy would have went down in 2012, not up.
Nearly 40 percent of the jobs gained since the recovery began — about 1.7 million — have come from three low-wage sectors: food services, retail, and employment services (that last is a sweeping category encompassing jobs like office clerks and sales representatives).
Jobs growth in the U.S. since the 2008 recession has been undermined by lower wages, with workers earning an average 23 percent less than earnings from jobs which were lost, a report by an organization representing U.S. cities said on Monday. 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, thereport said.
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.
Says who? So far all that has happened is people find it difficult to sign up and its more expensive for many.
Either or arguments only work on small children. What you are doing is called misdirection.
And to answer your misdirection.
in 1995 when Republicans took control of congress, employment had dropped every month for 2 consecutive years. Its not like Republicans took control of congress and caused it to happen, it was already going on.
in 2003( when the senate went from 50/49 to 50/50 to 48/51 in favor of republicans), the unemployment rate actually went up and the deficit grew, we also didnt have full employment.
and here in 2014/15, The deficit has fallen for 5 straight years, unemployment has fallen for 5 straight years.
Face it, you tried to give republicans credit for something they didnt do, even in real time as you know unemployment has fallen and deficits have fallen before they took office as the majority in both house.
calling them facts does not mean they are right in the context that we are discussing.
Now that i have debunked your misdirection, do you mind responding to the context of my actual post ?
His argument was that "they saw it coming" well Democrats added to their majority in the senate in 2012, and to their minority in the House, if Bent's logic was true, then the economy would have went down in 2012, not up.
but you 2 keep trolling.
The deficit doesn't matter. Debt does. Government increasing spending is bad.
The housing bubble was good times while it lasted. From mid 2003 to mid 2007 unemployment went down slightly. Just over 6 to slightly under 5. Lowering unemployment is always good. But the other variable is wages. Too many are making much less at their new jobs.
Thanks Obama. Rich get richer paying illegals what no America would take.
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