difference?
makes a lot of difference to the person making 7 bucks an hour as opposed to fifty or sixty K! LMAO
difference?
makes a lot of difference to the person making 7 bucks an hour as opposed to fifty or sixty K! LMAO
...are you implying that President Bush is at fault for someone getting $7.00 an hour? That wouldn't be the fault of the recipient? He/She designs thier life in a way that thier value in the working place is $7.00 an hour than so be it! Want more $$? Earn it! Don't look to the federal government for it!
That is rarely the case. Most people who earn $7 an hour are paid $7 an hour because that is what their labor is worth. I was paid less than $3.50/hour in my first job, and can remember how fantastic it was to get a job that paid $5.50 a couple of years later. At no time back then did I ever consider myself "underpaid" for my work.
Not sure why people seem to be attacking you for a simple question. The points that can be infered from your question are things that need to be answered and not avoided if this is a true economic recovery. I believe Greenspan has addressed this to some extent.
Manufacturing jobs support the creation of service jobs, therefore the creation of manufacturing jobs is key to a sustainable economy and a good question that needs an answer in regards to what type of jobs are they. There's an economic line of thinking that 1 manufacturing job will help support 4 service industry jobs. This is something the service jobs can't do, practically by definition.
Long story short, if the jobs are well paying manufacturing related jobs, the growth will continue into the forseeable future but if they are mostly service jobs then the growth will be short lived and the market will become saturated. This is a simple point and if anyone has actual economic numbers, it would be very helpful to this topic.