There has been zero net job creation since December 1999. No previous decade going back to the 1940s had job growth of less than 20 percent. Economic output rose at its slowest rate of any decade since the 1930s as well.
Middle-income households made less in 2008, when adjusted for inflation, than they did in 1999 -- and the number is sure to have declined further during a difficult 2009. The Aughts were the first decade of falling median incomes since figures were first compiled in the 1960s.
And the net worth of American households -- the value of their houses, retirement funds and other assets minus debts -- has also declined when adjusted for inflation, compared with sharp gains in every previous decade since data were initially collected in the 1950s.
Answer by waldorfmom at 7:15 PM on Jan. 2, 2010
Hmm...I'm not convinced there is a "jobs solution". I think there are things we can and have tried, but real growth in that sector and a turn in the unemployment rate will not happen until people feel comfortable investing. When will people feel comfortable investing? Likely when we have signs of consistent economic stability (aside for the unemployment rate). I'd like to see us offer employers incentives to create jobs that remain in the US.
Answer by SRiveroC at 7:18 PM on Jan. 2, 2010
Answer by LoriKeet at 7:33 PM on Jan. 2, 2010
There was plenty of job creation exactly where is was suppose to be - in the private sector. The government doesn't create jobs. They just create an environment that is conducive to job creation. The government doesn't manufacture anything (well they didn't use to until they bought some defunct car companies). If you don't make anything, you can't create jobs. The government is to just not wreck the economic environment (taxes, fees, licenses, laws) that is job friendly. This administration is not turning out to be too job friendly.
Answer by jesse123456 at 7:56 PM on Jan. 2, 2010
This administration is not turning out to be too job friendly.
In what way? They haven't created new nus taxes...
and this is a 10 year problem, there were 2 other Prez' and admins during that time....
Answer by sweet-a-kins at 8:00 PM on Jan. 2, 2010
Just like WaldorfMom said, cut personal and business taxes, and allow people to invest and keep more of the money they earn. The people with the "disposable incomes" are the ones who invest, spend, and hire--not the people scraping by!
Umm no, what you are advocating for is trickle down economics and it doesnt work. They hoard the money or create jobs oversees. I'm talking about an incentive for people who PROVE they created American jobs.
Answer by SRiveroC at 8:31 PM on Jan. 2, 2010
waldormom has it right on. That is what Reagan did when we were in the recession mess made by Carter and there was real growth and a real turn around by the end of his first year. Stop taxing businesses so much. If this healthcare reform goes through look for even more job losses.
Answer by AngelDawn7 at 8:32 PM on Jan. 2, 2010
Answer by yourspecialkid at 8:33 PM on Jan. 2, 2010
waldormom has it right on. That is what Reagan did when we were in the recession mess made by Carter and there was real growth and a real turn around by the end of his first year.
LOL..Thats a lie.
Answer by sweet-a-kins at 8:34 PM on Jan. 2, 2010
Answer by sweet-a-kins at 8:36 PM on Jan. 2, 2010
Next question overall
(Food & Drink)
if you make really good bbq pork ribs, pls share your recipe