I’m waiting for the MSM to explain to me how this is actually good news, and better than expected.
Bring back US manufacturing.
Just saying.
Wake up people.
Recovery Summer V5.0!
I have two friends currently out of work and on unemployment.
4 years ago, I knew no one on unemployment.
Even when higher demand leads to higher demand for labor and higher average money wage rates, increased demand also leads to higher prices, which leads to unchanged real wage rates for the average wage earner.And higher average money wage rates can be counterproductive, because if they rise greater than the rise in the demand for labor,they actually tend to decrease the supply of labor.
Increased money supply leads to inflation, which decreases purchasing power, which has a negative effect on capital accumulation, which has a negative effect on productivity of labor, which has a direct negative effect on real wage rates.
Finally, Obamacare and increased regulations increase the cost of business which leaves less funds available for demand for labor which has a negative effect on demand for labor and average money wage rates.
But libtards don't care that everything they are doing is wrong, because what they are doing makes them feel so good inside.