danielpalos
Diamond Member
- Banned
- #21
No.Wages and employment are being kept down because employers are being strangled by the cost of Obamacare. Ever think of that?Republicans like to blame all the unemployed on Obama but they don't ask the corporations they serve to stop the practice of not hiring people who are out of work.
Corporations are being really picky. I think they like unemployment high. It keeps wages down. I remember an article years ago explaining that's what Greenspan said it was his responsibility to keep wages low they need unemployment to be high but not too high.
CORPORATE profits are at their highest level in at least 85 years. Employee compensation is at the lowest level in 65 years.
Source: http://www.nytimes.com/2014/04/05/b...-as-slice-of-economy-as-wages-slide.html?_r=0