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I not only understand, but I have data that shows the VAST majority of new jobs are paying only ~$8 to $13/hr. I also understand that along with this increase in jobs has come a rise in the number of working poor, that tens of millions of mid-pay jobs have been disappeared forever. I understand that the best health care that millions of these people can hope for is what little bit is offered by companies like Walmart, and that tens of millions of them are going to hit Social Security with little or nothing to show, because people such as Mi$$ RobMe, who declared $245,000 a week on the tax returns that he would let us see, are taking most of the money from their labor, with the support of the past 3 administrations of elected officials. While the stock market hits a new high we are still yanking 50,000 families out of their homes each month, while enriching the banks whose returns on their ongoing criminal enterprise appear to be better than they ever dreamed of after having taxpayer earnings poured into them for several years and, according to the Federal Reserve, for a future that has no end. Nothing on the horizon says this will get any better any time soon. Well, except for the rich. Frankly, sinc ethe government decided to give the criminal enterprise of the major banks nals a pass If it wasn't for government spending the economy would be And I understand how to find the data to support all of it.
From the latest BLS stats:
12,332,000 - http://www.bls.gov/news.release/empsit.t01.htm
7,973,000 - http://www.bls.gov/news.release/empsit.t08.htm
6,781,000 - http://www.bls.gov/web/empsit/cpseea38.htm
27,086,000 - Total unemployed people who want a job
But only 3,600,000 million job openings the last day in December - http://www.bls.gov/jlt/
Every single credible model says this is our foreseeable future, what we will have for at least the next 20 to 30 years, (models not proposed by someone on crack, or who appear to be fabricating data or promoting baseless opinion for their own political purposes, anyway.)
Offered respectfully, and speaking for the people, like me, for whom the marvelous news noise above doesn't mean much, is there some part of that you don't understand?
