> I don’t know that we’ve benefited. If we trade good paying jobs for cheap goods, that’s not a benefit.
How do you know what kind of jobs were created? Checking GDP, GNP, per capita stats all contradict your statement.
> I never believed the less than 5% unemployment.
Do you have any evidence to support these statements? Without data to back-up these assertions they are meaningless.
check out the U-6 numbers for the past couple of years. BLS keeps them on line. easily googled. The current number is something like 13%! However, read the definition of what the U-6 includes.
p.s.
Today looks like it’s going to be an extremely interesting day on Wall Street —