2016 Postmortem
Related: About this forumHere's what really happened to income in the Clinton 90s.
https://twitter.com/webconnoisseur/status/706797897690394624
Mufaddal
(1,021 posts)If you are working class, the Clinton economy sucked. For her to say, "look at all the new jobs that were created in the 90s" just showed how out of touch she is now and was then. Most of those jobs were part-time and in the service industry. We're talking minimum wage here. Every 2 of those jobs were probably held by 1 person because you had to have at least that many of them to make ends almost meet. She might as well have talked about reductions in number of people receiving welfare--it would have been just as dishonest.
asuhornets
(2,405 posts)in the 90's did not suck. 23million jobs, period
basselope
(2,565 posts)23 million jobs that were part of the .com bubble inflated by the DE-REGULATION of the rules for raising capital.
Those were basically 23 million TEMP jobs.
To please, sell the "Clinton Economy" to someone else.
Mufaddal
(1,021 posts)Ferd Berfel
(3,687 posts)Avalux
(35,015 posts)The march to oligarchy got a huge helping hand thanks to Bill.
thereismore
(13,326 posts)randome
(34,845 posts)I know I'm only offering anecdotal evidence but it seemed like me and everyone around me were suddenly highly-in-demand IT consultants and up was the only direction for us.
[hr][font color="blue"][center]"There is a crack in everything. That's how the light gets in."
Leonard Cohen, Anthem (1992)[/center][/font][hr]
Armstead
(47,803 posts)and replacing them with "consultants' with no benefits, hunger and scrambling wuith otehr "consultants" for work...and eventually many sending of those "consulting" jobs overseas.
randome
(34,845 posts)Three were as an employee, the rest were contracting.
The first two or three were menial jobs, mostly data entry. So long as you keep your resume up and stay mobile, there is no shortage of work even now.
I'm not saying it's paradise or anything, some jobs ended rather abruptly, leaving me in a panic, but overall...
[hr][font color="blue"][center]"There is a crack in everything. That's how the light gets in."
Leonard Cohen, Anthem (1992)[/center][/font][hr]
denverbill
(11,489 posts)Every company in the world was trying to get their systems in order for Y2K.
And not only Y2K. The internet didn't even really exist to most people prior to the early 90's.
angstlessk
(11,862 posts)whatthehey
(3,660 posts)I don't particularly care if other people get more than I do as long as there is universal improvement, as there was and as the chart shows.
BernieforPres2016
(3,017 posts)Those lower lines are going up slightly during that era as well. Of course, after the financial bubbles popped, the minimal gains of the lower income categories during the Clinton and GWB administrations were wiped out.
whatthehey
(3,660 posts)Clinton halved unemployment too. GWB doubled it. Clinton's admin saw 23 million more jobs. GWB's... didn't, by a long shot. Not to mention the only budget surplus in the last half century compared to huge deficits even before counting the off-the-books war.
And I'm always told on DU that it's only fatcats who are heavily invested in financial markets, which incidentally also rocketed up under Clinton and collapsed under GWB.
So, since I'm capable of analyzing more than one metric I think it's fair to say I'm a much bigger fan of Clinton's economic stewardship then GWB's for several solid reasons, despite your rather strained, and strange, assumptions to the contrary.
So your turn. Why do you care how much more somebody else makes?
auntpurl
(4,311 posts)BernieforPres2016
(3,017 posts)But I'm not naive enough to think CEO compensation is the product of a "free market" or that a lot of the income gains by the top 0.1% don't come from payoffs on their investments in politicians (writing provisions into the tax code, getting mergers waved through, etc.).
dsc
(52,172 posts)during the Bush admin.
AzDar
(14,023 posts)Jitter65
(3,089 posts)Cheese Sandwich
(9,086 posts)Sounds about right.
Money is social power and you can can clearly see it in the percentage of wealth controlled by the top 1%.
senz
(11,945 posts)as the chart shows.