According to the federal government, the unemployment rate is 4.9% and over 200,000 jobs were created in February. That sure sounds good, right? Here's the problem. Average wages declined in February for the American workers in private industry. Think about that. Supposedly, there are now so many jobs that unemployment is below 5%, but wages are dropping? The economy is only growing at about 1%, but we're supposed to believe that we are at full employment. If we really were at full employment, wages would be rising, not falling.
What seems to have happened is that the economy is creating low paying jobs. We have more burger flippers and fewer engineers, more day laborers and fewer skilled laborers. No wonder there's increased income inequality. In Obama's America, all the paths out of poverty are being closed off.
What seems to have happened is that the economy is creating low paying jobs. We have more burger flippers and fewer engineers, more day laborers and fewer skilled laborers. No wonder there's increased income inequality. In Obama's America, all the paths out of poverty are being closed off.
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