Posted on 06/19/2016 8:25:33 PM PDT by John Semmens
Data showing that the average man with a full time job makes less today than he did in 1973 was discounted as “an unfair and misleading statistic” by the Chairman of the President’s Council of Economic Advisers Jason Furman this week.
“First of all, the premise that a full time job is desirable is debatable,” Furman maintained. “In 1973 many were forced to work because of the inadequacy of the social safety net. Today, many in a similar situation have been liberated from this tiresome fate by a more generous package of government benefits that enables them to work part time or to completely drop out of the workforce.”
“Second, the statistic doesn’t account for the fact that many goods and services that had to be purchased with private money in 1973 are now provided free of charge by the government,” Furman added. “One example would be telephone service. Then, an individual would have to pay for a land line. Now, an individual can get a free mobile phone from the government. I call this an upgrade that comes at no cost to the beneficiary.”
“I think we need to get away from these longitudinal measures,” Furman said. “They are inapt attempts to compare fundamentally incomparable eras. Times have changed. The transformation President Obama promised the American people is underway. It would be fallacious to try to judge it using such a discredited yardstick.”
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
https://azconservative.org/2016/06/18/former-senator-questions-need-for-so-many-armed-federal-agents/
OR
http://www.gopbriefingroom.com/index.php/topic,212388.0.html
Presentations Center workers (which was my field for a long time) were making 30 plus an hour 20 years ago. If you knew Adobe you made 35 to 40.
The range now is 18 to 22 an hour.
It’s not because so many more people know how to do this work as MANY fail the 4 hour test still.
It’s just banks will send the work to India and get #### back and the higher ups dont care.
They’re so stupid that hey dont realize the bankers then have to try and figure out how to make changes and it takes HALF their day.
CEOs are morons sometimes.
John, you are batting a thousand.
perfect.
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