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Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: Economic Success Date:  12/9/2019  6:25 AM
Author:  intercst Number:  573206 of 584731

SeattlePioneer writes,

In the fall of 1965 I was involved in high school debate. The topic that year involved economics, and I recall the unemployment rate being about 3.2% at the time.

I can clearly recall during debates moaning and groaning about how HIGH the unemployment rate was! IMAGINE ---- one out of thirty three people couldn't find as job!


People aren't complaining about a lack of jobs. They're complaining that you can't live on the wages being offered. Back in the 90's when Clinton was bragging about all the jobs he created, a voter replied, "I know. I have three of them". (and still can't make a living.)

Unless you're in the Top 20%, you haven't seen much in the way of wage growth in the past 40 years, while health care, housing, and the cost of college take a much bigger bite from your paycheck.

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