So why are fewer people working? Why is household income lower than 2009?
Many factors have contributed to labor participation such as disability and retirement. It also has to do with low wages. People cannot live on under 10 an hour so they do not settle for those jobs. How is it Obama's fault wages are still low? You do realize of course he pushed for a miminum wage increase right? That's the ONLY way to raise wages. Corporate profits are at an all time high. They could raise wages if they really wanted to.
Why are wages low? Because there are more people looking for work than employers. Check out NorthDakota where average starting wage is 10-17/hr. It used to be sort of like that when Bush was president.
We've had 3 increases in min wage in the last 10 years or less. How much better off is anyone? Why will this be the charm?
Thanks, Obama.