The sad truth behind yesterday's unemployment numbers

[ChisolmTrailDem]

43. I think both you and MadHound have made good points...

I fully, 100% agree with MadHound that there has been considerable effort on the part of the 2% to bring United States wages more into line with those of the labor pools to which they fled in the past 20-30 years as they sent their production facilities abroad. That left us with an economy of service jobs traditionally mired in low wage structures. Formerly highly-paid manufacturing workers and those with associated specialized skills were forced to take lower-paying service jobs. And it's a process that is still ongoing even though some manufacturing is returning.

You also have a good point to make quaker bill and there's no reason both of your opinions can't live together peacefully. At some point the 1% decided they were going to sit on their money and I think part of it was a determination not to cooperate with an Obama (and Democratic) agenda and part goes back to their program to bring wages down and part was due to the uncertainty of some companies that their would be customers for their products following the economic crash of 2008. For the latter the improving economy has perhaps given them confidence to come off the sidelines. For the former, a second Obama term means they failed in their agenda to make him a one-term failure and now that he has a second term can't afford another four years of sitting on the sidelines or they simply no longer see the point in holding back. And the bonus for them is now there is a whole lot bigger pool of employees willing to take lower wage positions just to get back to work drawing a paycheck.