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.
All I know is, (And me and the fellers talk about this too)
When I was a young man, and just starting to make my way, the guy I was apprenticing with taught me this:
1 week's pay should pay for your housing.
The next week's pay should cover utilities and food.
Then you have 2 week's pay out of every month to save or spend, your choice.
I feel sad that it simply is not that way these days. It's still the same for me, but not for youth just getting out of high school. They have to spend more than 1 week's pay for housing. That's not right.
They somehow got robbed of the freedoms I had, how did this happen?
It's definitely not right.