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https://thinkprogress.org/half-of-the-jobs-created-during-the-recovery-were-low-paying-c7a1c2878ac1/

 

Half Of The Jobs Created During The Recovery Were Low-Paying

While the economy has seen decent job growth in recent months, the jobs being created may not pay very well. A new report has found that about half of the jobs created in the last three years have been low-paying, reports the Huffington Post’s Mark Gongloff:

Nearly all of the 6.2 million jobs created since the job market first started its historically lousy recovery in the spring of 2010 (nearly a full year after the recession ended) have been in the private services sector, according to RBS. And of the roughly 160,000 jobs per month created in that sector, about 80,000 of them have been “low-paying,” according to RBS. “High-paying” and “average-paying” jobs account for about 40,000 jobs each, according to RBS.

Previous research has found that the majority of the jobs added to the economy since the end of the recession pay low wages. Middle-wage and high-wage jobs haven’t seen nearly the same rate of growth, meaning that the economy has traded comfortable jobs for those that merely allow workers to scrape by.

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1 minute ago, concha said:

 

We haven't said there wasn't a recovery, Sport.  🤣

Get Hooked on Phonics.

It was a shitty recovery. Weak.

Hey jackass he recovered the economy from your fool co-party member Bush.  Until you show charts and graphs of Bush epic failures then to the rational ones of us you come across as a stupid hack and troll.   But to your republican loons I’m sure you’re the life of the party. 🤡  

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7 minutes ago, thc6795 said:

You were not talking to me? Explain your reply please.

Where are your charts, graphs and memes on Bush and his monumental economic failures that put us in the position that we had to recover from?  

You’re a disgraceful troll Conch, just playing up to the silly right wing loons on this site.  You couldn’t careless about truth.  

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5 minutes ago, Horsefly said:

Hey jackass he recovered the economy from your fool co-party member Bush.  Until you show charts and graphs of Bush epic failures then to the rational ones of us you come across as a stupid hack and troll.   But to your republican loons I’m sure you’re the life of the party. 🤡  

 

Somebody's upset. That happens when the facts tend to kick you in the nuts.

As mentioned,  if you want to blame Bush for the housing crisis, have at it.  As mentioned, the crisis occurred mainly due to Dem policies. This is a simple truth.

Your deep-felt need to pivot away from the topic at hand is noted. I would also if in your place. But i'm not.

👍

 

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Just now, concha said:

 

Somebody's upset. That happens when the facts tend to kick you in the nuts.

As mentioned,  if you want to blame Bush for the housing crisis, have at it.  As noted, the crisis occurred mainly due to Dem policies. This is a simple truth.

Your deep-felt need to pivot away from the topic at hand is noted. I would also if in your place. But i'm not.

👍

 

You haven’t posted shit that’s worth wiping my ass on, you’re a troll.  Thats why your ass won’t post where we were under Bush, so we can see the level of recovery accomplished.   

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6 minutes ago, Horsefly said:

Where are your charts, graphs and memes on Bush and his monumental economic failures that put us in the position that we had to recover from?  

You’re a disgraceful troll Conch, just playing up to the silly right wing loons on this site.  You couldn’t careless about truth.  

TDS has you bad this morning I am not Conch?

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hey @concha  when are we going so see charts and graphs over the Bush economy?  I mean if we’re going to have negative words for the man that helped usher us into a recovery we would reserve some wrath and anger towards the man that helped cause the need to recover.   Just sayin   

George W. Bush's initiatives at home and abroad had significant financial consequences.

  • Both tax cuts added an estimated $1.5 trillion to the debt from 2002 to 2011.25 They only increased growth enough to make up 10% of their long-run cost.26 In addition, they disproportionately benefited high-income households. The top 1% of households gained an after-tax income increase of 6.7%, while those in the lowest fifth made gains of just 1%.4 Maintaining the cuts has been estimated to cost $4.6 trillion from 2012 to 2021.24
  • The Medicare prescription drug bill added an estimated $550 billion to the debt between 2006 and 2015.27 Employers and healthcare providers received over $125 billion in short-term subsidies as a result of Bush's prescription drug program.10
  • Spending on the two wars was estimated at $604 billion from September 2001 to the end of fiscal year 2007. Through 2017, the cost plus interest topped $2 trillion.28 The wars also cost over 6,800 lives, counting military personnel and Department of Defense civilians.29
  • TARP was viewed as successful in stabilizing the market, and at lower costs than expected.30 But it would be a tough recovery, as the 2008 financial crisis had resulted in steep economic losses. Housing prices fell 33% during the recession—more than during the Great Depression.31 Unemployment also remained high, reaching 7.3% by the end of 2008 and peaking at 10% in October 2009.32 

 

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