It\’s the story of the day. Well, it\’s the story of the past, well, ever. It seems the rich get richer and the poor get poorer and the middle gets squeezed. And, truly that’s at least been the case since 1980. Some see the cure for this malady to be “economic mobility,” which basically means, making it easier for people who were born poor to stop being so poor and start being middle class (or rich even!). Hard work and smarts! The American dream! It’s the obsession of Americans, this idea that there’s a path for people...
Continue reading...jobs
How long until we're employed again?
The economy seems to be leveling out, but how long will it take to get employment back to where it was before the Great Recession? Brookings has this frightening chart with some explanation: In recent months, on this blog, we described the job gap — the number of jobs it would take to return to employment levels from before the Great Recession, while also accounting for the 125,000 people who enter the labor force in a typical month. After today’s employment numbers, the job gap stands at almost 11.3 million jobs. How long will it take to...
Continue reading...Sharron Angle attacks Harry Reid for…saving jobs?
Sharron Angle may want to stop talking. In case you’re not sure who she is: Angle’s a tea party favorite running for Senate against Senate Majority Leader Harry Reid in Nevada. She beat out prohibitive favorite Sue Lowden in the Republican primary, mostly due to Lowden saying some ridiculous things. However, she also tends to say ridiculous things and get in trouble for them. As a result, she doesn’t get out much. Earlier this week, she got riled up because the Reid campaign dug up her old website and, well, put it back online. I’m not an...
Continue reading...
Recent Comments