Plantagenet wrote:Actually it is partly about salary. Folks lucky enough to get another job now almost always make less than they did before this jobless recovery-----US median incomes are down by about 8% since 2007 while net inflation is over 12% for the same time period, resulting in a ca. 20% loss of purchasing power for Americans.
Again, this isn't really unexpected in a post recessionary period is it? There was a bubble, as with all bubbles (be it real estate or the current level of activity drilling wells in North Dakota) people are paid way more than they would for the same amount of work during a normal time.
So of course once the bubble deflates, predatory lender brokers are now forced to find honest jobs, and it turns out honest jobs don't pay as much as risking imprisonment by changing around the numbers on mortgage forms to entrap honest Americans wanting to participate in said bubble?
Plantagenet wrote:The high-paying jobs that obama promised to deliver in 2008 just haven't materialized---instead folks who lost their jobs are either mostly either still unemployed and in poverty (which remains at record high levels) or they are employed but are much poorer then they were prior to 2008---.
Obama is a politician, so you know he is lying when his lips are moving. No different than his predecessors. Certainly unemployment is still high, but in part that is okay because some of those people were only worth hiring during a bubble, and would otherwise have been unemployable at their bubble sized salaries anyway. Let's face it, a breathing body which could speak English could get a job during the bubble times, and a little reality intruding on America in terms of employability is a good thing, long term.