The biggest job gains, of 33,000, came from food services and bars. Good news for waitresses and bartenders, but not exactly the pillars of a robust job market.
That's where the brotherhood of 8 million low wage and part time workers whose jobs Bush and Republicans outsourced - are looking for work.
Bush and Republicans sent the heart and soul of U.S. manufacturing overseas, with the 8 million jobs: if they could have outsourced bars and restaurants, believe it - they would have.
More for you to digest.
-Geaux
http://waysandmeans.house.gov/uploa...ncome_taxpayers_in_2013__2012_07_16_final.pdf
This report finds that these higher marginal tax rates result in a smaller economy, fewer jobs,
less investment, and lower wages. Specifically, this report finds that the higher tax rates will
have significant adverse economic effects in the long-run: lowering output, employment,
investment, the capital stock, and real after-tax wages when the resulting revenue is used to
finance additional government spending
SNIP
Overall, this study finds that the higher tax rates would reduce output in the long-run by 1.3%
when the proceeds are used to finance additional government spending. Employment would fall
by 0.5%. In today‟s economy these changes would translate into a decline in GDP of $200
billion and employment by roughly 710,000 jobs. Investment, the capital stock (net worth) and
real after-tax wages would also fall. Under the alternative assumption that resulting revenues
are used to finance an across-the-board tax cut, output would only fall by 0.4% and real aftertax wages would rise. A sensitivity analysis using “low” and “high” responsiveness of household
and firm behavior bounds these results, but does not appreciably change the qualitative results.