HiPointDem (6,721 posts)

8% Of The Pre-Great Recession Workforce Still MIA
Indexed per capita inflation adjusted income for employee compensation (blue line) and Indexed employment population ratio (red line)



Likely our averaged and homogenized data is missing the point - the USA economy is screwed up because 8% of the pre-recession workforce has been vaporized (the red line on the above graph is currently at 92% of the pre-recession peak).

If one is on social security, in some other social safety net, employed, or the 0.001% - the new normal may not that bad. You may pity the jobless, but you may be missing the reality that 8% loss of jobs caused the economy to lose 8% of its prime driver - Joe "the consumer" Sixpack. With over 2/3rds of the economy consumer driven, the solution is obvious - create 24 million jobs.

Since the end of World War II, the economy has not been faced with such a large employment slack.

http://seekingalpha.com/article/9086...orce-still-mia
Response to HiPointDem (Original post)
Sun Oct 7, 2012, 07:26 AM
JNelson6563 (23,862 posts)
2. Imagine less than 100% obstruction.

I sure hope we get a Dem Congress this election. We need to disable the obstruction machine.

Julie
Graphic at link of a bar showing bad things about the Economy.

KG (22,708 posts)
1. and many of us are working at jobs making half what we used to make.
But... but... but... I thought Obama made everything better?

Response to HiPointDem (Original post)
Sun Oct 7, 2012, 07:26 AM
JNelson6563 (23,862 posts)
2. Imagine less than 100% obstruction.

I sure hope we get a Dem Congress this election. We need to disable the obstruction machine.

Julie
Wait a second... you guys had one. The "best" of this "recovery" has come during the time the Republicans controlled the House.

bigendian (966 posts)
5. Question.

In the face of hostility to illegal immigrant workers, could their returning home affect these numbers? Many paid social security taxes under other SS numbers.
So... the economy is really only looking worse because Republicans are angry at illegal immigrants who committed social security fraud... that makes sense!

Effin idjits.

http://www.democraticunderground.com/10021487638