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The ideas were never properly pushed. It would require higher taxes that repubs won't allow.Lol I don't see how you can just miss his point. He said 1 million people applied for 50,000 McDonald's jobs. Doesn't that tell you something about the market? We are talking about an economic emergency. It's not like anyone on unemployment has a comfortable living. They make 60% of their previous job. It fucking sucks.
"Don't forget all that excessive unemployment benefits, it shouldn't take even 50 weeks to find a job."
LOL
Yeah, 1,000,000+ peple applied for 50,000 McDonlds jobs
Productivity has surged, but income and wages have stagnated for most Americans. If the median household income had kept pace with the economy since 1970, it would now be nearly $92,000, not $50,000.
It s the Inequality Stupid Mother Jones
Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low
1) Corporate profit margins just hit another all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't. What they're suffering from is a myopic obsession with short-term profits at the expense of long-term value creation).
2) Wages as a percent of the economy just hit another all-time low. Why are corporate profits so high? One reason is that companies are paying employees less than they ever have as a share of GDP. And that, in turn, is one reason the economy is so weak: Those "wages" are represent spending power for consumers. And consumer spending is "revenue" for other companies. So the profit obsession is actually starving the rest of the economy of revenue growth.
In short, our current obsessed-with-profits philosophy is creating a country of a few million overlords and 300+ million serfs.
Profits At High Wages At Low - Business Insider
See this recovery versus the last 5??
Anyone who would rather sit on an unemployment paycheck for over 50 weeks instead of working IS lazy, period! You can downsize to an apartment if you can't afford a home, relocate and get a job in another state, or work two jobs if you absolutely have to. We live in an technological society that places wants over needs, with the majority living above their means and accumulating credit card debt. There is no reason for an able bodied person to simply live off unemployment for 50 weeks.
I thought all these repetitive speeches since Obama took office, of "infrastructure" was the answer to everyone's hopes of getting a job? You mean pushing those same ideas over and over and over again hasn't produced the strong vibrant economy you were hoping for?
