The “Jobless and Wageless” Recovery from the Great Recession of 2007- 2009

Discussion in 'Politics' started by rdean, Jul 6, 2011.

  1. rdean
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    rdean rddean

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    The “Jobless and Wageless” Recovery
    from the Great Recession of 2007-
    2009: The Magnitude and Sources of
    Economic Growth Through 2011 I and
    Their Impacts on Workers, Profits, and
    Stock Values


    To date, through the first quarter of 2011, the nation’s recovery from the 2007-2009
    recession is both a jobless and a wageless recovery. Aggregate employment still has not
    increased above the trough quarter of 2009, and real hourly and weekly wages have been flat to
    modestly negative. The only major beneficiaries of the recovery have been corporate profits and
    the stock market and its shareholders. Most holders of savings and money market accounts also
    are net losers due to declining real interest rates which have been in negative territory for many
    interest bearing and money market accounts.

    http://www.clms.neu.edu/publication/documents/Revised_Corporate_Report_May_27th.pdf

    ------------------------------------------------

    A very good outline of the Last Great Recession. Hmmm, what policies are to blame?
     
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    What policies? We could go all the way back to the creation of the fed, Bill Clinton and the Rs giving China the most favored nation status, perhaps bailouts that O and Bush pushed through? I'm quite confident that you'll lay it all at the hands of the Rs though.
     
  3. uscitizen
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    uscitizen Senior Member

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    Working wages have been stagnant for a decade or so once you figure in inflation.
    I am not talking about averageincome which is skewed by a handful fo superlarge salaries and bonuses, but avg working class wages.
     
  4. DontBeStupid
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    DontBeStupid Look it up!

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    It's proof positive that "trickle down" doesn't work.
     
  5. uscitizen
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    uscitizen Senior Member

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    Ohh it trickles down but not as fast as it is sucked up.
     
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  6. uscitizen
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    uscitizen Senior Member

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    Trickle down works really well most just do not understand how it is a major reason why our standard of living trickles downward.
     
  7. waltky
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    waltky Wise ol' monkey Supporting Member

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    Where's dat recovery Obama said health care was key to?...
    :confused:
    The no-jobs economy: Why isn't the US recovery stronger?
    July 10, 2011 : Failure to reach at least a modest debt deal could signal to investors that the US government is in a state of chaos and uncertainty. That could make the nation's jobs problem still worse.
     
  8. bripat9643
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    bripat9643 Diamond Member

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    Did your knee jerk when you posted that?
     
  9. bripat9643
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    bripat9643 Diamond Member

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    Obama's trickle up poverty also works really well.
     
  10. C_Clayton_Jones
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    C_Clayton_Jones Diamond Member

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    Do you ever post anything on topic, relevant, factual, or not a personal attack.

    Otherwise see someone about your anger issues.
     

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