We had to take pay cuts after the crash........And I watched neighbors who had lost their jobs.....Packing up and leaving with their kids.......Good people who lost everything..................
It was sickening to watch..........Pisses me off til this day...........
Workers still haven’t recovered from that pay cut
Our pay recovered and has increased a little. But energy jobs have been booming......and were why Texas did so well after the crash.......Energy and oil is a driving factor in this country and puts a lot of money in circulation..........It still is.............
To me, pay still sucks
I remember the booming 90s under Clinton. Got pay increases of 4-6 percent a year
This economy is supposed to be the best in a generation. Workers are lucky to see a 2 percent raise
I don’t see worker salaries much higher than they were in the 90 s
Aye, I also enjoyed those years.
Trouble was though RW, it was a mirage.
Robert Rubin/Larry Summers/Alan Greenspan devised the "debt as income" economy.
Without a doubt it created a massive growth in the economy and lead to the 80's booming yuppie culture of materialism and "shopping as entertainment".
Trouble was, of course, it had to end. People were spending money they haven't made yet. Buying homes that were way out of their sane reach. It was common for folfs to be walking around with $15-$30,000 in credit card debt alone. All that buying created the "Reagan/Clinton boom". A Castle Made of Sand.
And this also created Corporatism. Which is destroying America, little by little, day by day.