JakeStarkey
Diamond Member
- Aug 10, 2009
- 168,037
- 16,520
Why job growth and cheap gas aren t doing what they should
This is a good read. Even Baiamonte would not be able to figure it out: wrongly, of course.
Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are supposed to spur home buying. America's economic might is supposed to benefit its workers. // Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015. The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
This is a good read. Even Baiamonte would not be able to figure it out: wrongly, of course.
Cheap gasoline is supposed to power consumer spending. Falling unemployment is supposed to boost wages. Low mortgage rates are supposed to spur home buying. America's economic might is supposed to benefit its workers. // Yet all those common assumptions about how an economy thrives appear to have broken down during the first three months of 2015. The economic benefits that normally would flow after a full year of solid hiring have yet to emerge. Just 126,000 jobs were added in March, the government said Friday. Average weekly paychecks fell.
