A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Wait, I'll get it, yeah.. that's it....President Obama was elected.
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Lower percentage of Americans participating in the workforce since 1978 is Obama's fault or could it have anything to do with cumulative effects of trade agreements, outsourcing, advances in technology and such?
U6 rates in 2009 with W's Great Recession in high gear was 16.1; in 2011 it was only down to 15.9; two years later in 2013 it was 13.8. If it's 12% now, that shows a drop of 1.8% this year. In other words, momentum of this recalcitrant measure has picked up faster than earlier predictions.
I don't know anyone who thinks Obama or democrats for that matter are responsible for the widening income gap between the 1% and the lowest 25% earners. Case in point. Has it been blue or red states that have raised the minimum wage? Which party historically argues against it, votes it down and campaigns against it? Who is it that continues to extend corporate welfare and cut taxes for the wealthy at every turn? How did Candidate 47% lose in 2012?
It is disingenuous to claim government jobs account for a substantial portion of new jobs without mentioning that local governments have added the most, followed by state governments and that the federal government job numbers have contracted. 75,000 lost in 2013. It is even more disingenuous to present that data without comparing it to the jobs added in the private sector.
All above data taken from BLS website.