kiwiman127
Comfortably Moderate
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The Great Recession was the deepest recession this country has gone through since the Great Depression.
Below is a chart that should help people visualize the depth of this recession versus other recessions.
People should note that America's last three recessions, were the three longest recessions. The 1990 recession is the third longest since 1948 and the 2001 the second longest. Yet four earlier recessions where more profound but lasted a shorter time period than the 2001 recession.
It's easy to see there is a trend here. Recessions are lasting longer.
I also added a chart showing the flat wage trend dating back to the early eighties. In constant dollars, the average hourly wage earner is making less than in the 1970s'
Is it possible that over 30 years of flat wages have played into why our recessions have lasted longer, considering we have a consumer spending driven economy?
Yea yea. The slowest recovery ever and the left don't know the reason why, 8 years?
The Great Recession was the deepest recession this country has gone through since the Great Depression.
Below is a chart that should help people visualize the depth of this recession versus other recessions.
People should note that America's last three recessions, were the three longest recessions. The 1990 recession is the third longest since 1948 and the 2001 the second longest. Yet four earlier recessions where more profound but lasted a shorter time period than the 2001 recession.
It's easy to see there is a trend here. Recessions are lasting longer.
I also added a chart showing the flat wage trend dating back to the early eighties. In constant dollars, the average hourly wage earner is making less than in the 1970s'
Is it possible that over 30 years of flat wages have played into why our recessions have lasted longer, considering we have a consumer spending driven economy?
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