Etc.

At least some states are doing what Congress refuses to do and that is raise the minimum wage.

Oregon's is going up to I think $8.80 an hour.

link
_____

This Christmas will be far from merry for many, many people in this country because Washington wants people to suffer.

According to a study by the McKinsey consulting firm, it took six months for the US economy to return to pre-recession job levels after the 1982 recession. After the 1991 recession, the recovery in jobs required 15 months. After the 2001 recession, it took 39 months.

Some 48 months have already passed since the current slump in the labor market began, and there are six million fewer people employed than in December 2007. McKinsey initially forecast that it would take 60 months before jobs regained the level of 2007, but at the current level of job creation, it would take 78 months to reach the level of 146 million workers employed before the onset of the recession—assuming that there is no further deepening of the economic slump.

Bad tidings, indeed.

No comments:

Featured Post

He Outlived His Cousins

 That is one thing you can say about televangelist Jimmy Swaggart, 90, who died after a recent bout of ill health.  This death was not unexp...