HappySqurriel said:
Since the labor force participation rate peaked at (roughly) 66%/67% at the end of Regan's administration, and has fallen since 1998, how could more people be working per household on average? If, of the last 4 presidents, the labour force grew the most under Regan and wages grew the most under Regan, what does that tell you about Regan Economics?
On the topic of Obama, things will get worse under Obama because the core problem is still not being addressed; that the bottom 60% of adults of working age don't have the skills to be effective in our economy. When you have a world where a company can set up shop in China and hire unskilled workers for $1 to $2 per hour, why would they set up shop in the United States and hire similarly unskilled workers at $20 to $75 per hour (including benefits)? |
It got better because reagan raised the debt ceiling 17 times and put us in worse dept then all the presidents from washington to Carter. So it was all debt that made people work. SO it was a show. Plus your map don't prove sh-t. Wages grew for the upper 10% not the lower. Sp the rich go more, Exactly what I said. You just proved my point.
