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http://www.providencejournal.com/news/economy/20140811-study-new-jobs-created-since-recession-pay-23-percent-less-than-those-lost.ece
.....they pay 23% less. So, how is this a recovery for the economy? Wouldn't a recovery involve workers ending up now at the same pay level they had before the recession? How does government function on 23% less taxes? If you lose that much of your income, how does that affect a person's life economically?
I have recent personal experience in that due to an illness that has me on a permanent medical hold until my Medical Exclusion Board can convene and determine what the good folks at AFRC want to do with someone that they just spent in excess of 150k to train investigate, and create clearances, but cannot any longer deploy (and that job doesn't ever require me to do so based on my AFSC). It creates more work for bankruptcy lawyers I can guarantee you that. Then what happens to banks who have to repossess homes, cars etc and then try to sell them at auction to recoup some of their costs...which they won't get back ever. This is a faux recovery at best. Not only does a person lose that percentage of their income, but also the loss due to inflation of prices when they lost said jobs and now the prices of things they have to pay for with 1/4 of their income gone. For the elder workers 55 and up, this has to be devastating as they really have no opportunity to ever recoup those losses. Those of us a bit younger might, just might get back to that level one day, but who knows? All of that has a huge, negative, economical impact that ripples through the country. I refuse to just give up and go the way of Robin Williams as bad as that might seem because I do have some folks still counting on me. I refuse to demand that Obama give me something for nothing as well.
So, what's the fix?
.....they pay 23% less. So, how is this a recovery for the economy? Wouldn't a recovery involve workers ending up now at the same pay level they had before the recession? How does government function on 23% less taxes? If you lose that much of your income, how does that affect a person's life economically?
I have recent personal experience in that due to an illness that has me on a permanent medical hold until my Medical Exclusion Board can convene and determine what the good folks at AFRC want to do with someone that they just spent in excess of 150k to train investigate, and create clearances, but cannot any longer deploy (and that job doesn't ever require me to do so based on my AFSC). It creates more work for bankruptcy lawyers I can guarantee you that. Then what happens to banks who have to repossess homes, cars etc and then try to sell them at auction to recoup some of their costs...which they won't get back ever. This is a faux recovery at best. Not only does a person lose that percentage of their income, but also the loss due to inflation of prices when they lost said jobs and now the prices of things they have to pay for with 1/4 of their income gone. For the elder workers 55 and up, this has to be devastating as they really have no opportunity to ever recoup those losses. Those of us a bit younger might, just might get back to that level one day, but who knows? All of that has a huge, negative, economical impact that ripples through the country. I refuse to just give up and go the way of Robin Williams as bad as that might seem because I do have some folks still counting on me. I refuse to demand that Obama give me something for nothing as well.
So, what's the fix?
