Oh BUT it is OBAMA'S time and he could have turned it around but HE hit the accelerator down hill ! sheeze..othershoe1030 wrote:If I recall it was Clinton, not Obama, who started shipping jobs overseas and passed NAFTA ignoring Perot's warning about the sound of jobs being sucked out of the economy. It is the global economy and the multi-national corporations, not exclusively the government, that push jobs overseas. Not everything is Obama's fault, really.TEOTWAWKI wrote:Better paying jobs can only exist with better production and the money that brings back to the employer and your Obamatator sent all that production to China so there goes your better paying jobs..... and your middle class now speaks Chinese.
Wages are declining while productivity is up so even if people are working harder and better they are not seeing the benefits. That's not good for anyone.
Wages have fallen to a record low as a share of America’s gross domestic product. Until 1975, wages nearly always accounted for more than 50 percent of the nation’s G.D.P., but last year wages fell to a record low of 43.5 percent. Since 2001, when the wage share was 49 percent, there has been a steep slide.
http://www.nytimes.com/2013/01/13/sunday-review/americas-productivity-climbs-but-wages-stagnate.html?_r=0
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