evilgenius wrote:Off-shoring is not a recent phenomenon, and is probably a trend that cannot be turned about by twists and turns. Capital will go where it can find a profit.
evilgenius wrote: if you want to blame Obama for the more rapid rate of decline …....
Plantagenet wrote:copious.abundance wrote: he accused me of not being able to read a chart, because ...Actually, there have been periods of stability, and periods when it declined.
... if he actually had looked at the chart, he would have noticed yet another one of those periods of stability in the last year or so.
Again you are showing you don't how to read a graph. You can't read too much into a single data point, i.e. a single year does not constitute a "period of stability." The graph shows several obvious plateaus---you can tell how long they last by referring to the timeline shown along the abscissa of the graph. Got it? Now measure the duration of the obvious periods of stability----note that they all last at least 5 years---some of them more.
ennui2 wrote:Hot of the presses!
https://www.washingtonpost.com/news/won ... recession/
Whither ETP Doom????????????????????????????????????????????
The incomes of typical Americans rose in 2015 by 5.2 percent, the first significant boost to middle-class pay since the end of the Great Recession and the fastest increase ever recorded by the federal government, the Census Bureau reported on Tuesday.
In addition, the poverty rate fell by 1.2 percentage points, the steepest decline since 1968. There were 43.1 million Americans in poverty on the year, 3.5 million fewer than in 2014.
The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.
[...]
Incomes increased for men and for women and across racial and ethnic groups. They grew most for the lowest-earning workers and least for the highest-earning ones, though all income groups saw improvement.
“The highest income growth was in the bottom fifth" of workers, said Lawrence Mishel, president of the liberal Economic Policy Institute think tank, "which is very welcome news.”
[...]
The share of Americans who lack health insurance continued a years-long decline, falling 1.3 percentage points, to 9.1 percent.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Americans in September expressed the most optimism about the economy since the summer of 2007, reflecting a sunnier view about the U.S. labor market.
The index of consumer confidence climbed to 104.1 this month from 101.8 in August, the privately run Conference Board said Tuesday. That’s well above the 99.3 forecast of economists polled by MarketWatch and it marks the highest level since August 2007, just a few months before the onset of the Great Recession.
Consumers were more upbeat about employment conditions. The nation’s unemployment rate has fallen below 5% and millions of people have found jobs in the past several years. Companies have also had to raise wages amid what they call a shortage of skilled labor.
[...]
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