Income has gone down because jobs are paying less, duh. and why are jobs paying less? Because there is a larger pool of potential employees looking for jobs. As a result employers can offer less and those seeking jobs have to take it because they are desperate for the work and whatever wages they can get. What you think Obama has to do with that I am not sure. In fact, you should like wages going down as a result of the supply and demand principles that you usually trumpet so loudly.
And your link title? I'm sorry but do you think income would have gone up under McCain? I highly doubt it. Even if the economy began to pull out of the recession at a quicker rate I highly doubt wages and thus income would go up (at least much). The simple fact is that the pool of resumes is too big and there isn't enough work to go around to cause enough competition to force employers to offer more.
Just think, if the government hadn't stopped the collapse of our economy with the bank and auto bailouts there would be thousands and possibly millions more out of work making that resume pool even larger and driving wages down even further. But you were against those bailouts so I guess that means you ARE for driving down wages and income.
And your link title? I'm sorry but do you think income would have gone up under McCain? I highly doubt it. Even if the economy began to pull out of the recession at a quicker rate I highly doubt wages and thus income would go up (at least much). The simple fact is that the pool of resumes is too big and there isn't enough work to go around to cause enough competition to force employers to offer more.
Just think, if the government hadn't stopped the collapse of our economy with the bank and auto bailouts there would be thousands and possibly millions more out of work making that resume pool even larger and driving wages down even further. But you were against those bailouts so I guess that means you ARE for driving down wages and income.
But wine was the great assassin of both tradition and propriety...
-Brandon Sanderson, The Way of Kings
-Brandon Sanderson, The Way of Kings
Income falls 3.2% since Obama took office -
13/04/2010 05:28:00 AM
- 507 Views
Re: Income falls 3.2% since Obama took office -
13/04/2010 07:50:03 AM
- 311 Views
I think it's hilarious that everyone blames Bush and forgets to point their fingers at Congress
13/04/2010 08:07:29 AM
- 259 Views
That would be more credible if so many Republicans hadn't run so many times on his coattails.
13/04/2010 09:18:16 AM
- 242 Views
I'm not exonerating him by any means
13/04/2010 04:29:32 PM
- 229 Views
All, or at least most, roads still lead to the Republicans though.
13/04/2010 06:01:37 PM
- 234 Views
And what is your point?
13/04/2010 07:58:46 AM
- 315 Views
Post election polls showed most Americans thought the recovery would take over a year.
13/04/2010 09:22:23 AM
- 239 Views
Also the sun has gone down once a day on every single day since he took office. *NM*
13/04/2010 02:09:44 PM
- 102 Views
that has nothign to do with Obama
13/04/2010 03:44:36 PM
- 262 Views
you're both wrong!
13/04/2010 03:47:43 PM
- 259 Views