This is nonsense. We have 40 million plus out of work. Pray tell, WHAT tightening jobs marekt?
Actually, that trend goes back to the early 90s.
Wages have been flat for a long long time.
They try to sell us on the idea interest rates are very low, so it doesn't matter. The goods and services we need continue to cost more, so we have less buying power, effectively earning less.
Absolutely right; when my employer tightened its belt, I tightened mine in terms of hours worked - it was the only way to get a meaningful “raise” (driving up my hourly salary). If I used to get paid twenty potatoes per hour, I could either watch it fall to 17 by leaving things unchanged or eke out 22 by working the minimum hours (outlined when I was hired years ago).
This admin continues to pile lie upon lies. Obama damn sure cannot dazzle anyone with his intelligence so all we get is his attempts to baffle us with more BS.