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by JumpCrisscross
2908 days ago
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> Does your analysis account for quality of jobs available? I was responding to a claim that the government should have focussed on "creating jobs". In that context, the employment-unemployment line seemed most significant. Real wages have been rising for a decade, so the central tendency for employed persons is better than it used to be (or than it was pre-crisis). There is still unemployment, particularly among the undereducated [1]. But from an average worker's perspective, it's one of the best economies we've seen in years. [1] https://www.bls.gov/cps/cpsaat07.pdf |
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From the worker's perspective, what you get paid is only half the story.