I am surprised at how incredibly hostile and dismissive some Dems get when I point this out — you know, as if talking about the truth somehow gives some massive advantage to the other team, and preventing that is more important than acknowledging what’s happening:
The U.S. economy earlier this year recovered all the jobs lost during the recession, but those new jobs pay an average of 23% less than the ones lost in the downturn, according to an analysis released Monday by the U.S. Conference of Mayors.
Job losses in the higher-paying manufacturing and construction sectors were largely replaced by jobs in lower-wage industries, including hospitality and healthcare, the report said.
It also found a continuing accumulation of wealth among the top 20% of the nation’s earners. From 2005 to 2012, the highest income bracket was responsible more than 60% of all income gains in the country, the report said.
By contrast, the bottom 40% of earners saw only 6.6% of the increases.
There was zero unemployment among the slave class on any plantation. Of course the wages weren’t all that great. The only way that the top 20% can get ahead is to take away what little the bottom 60% has. And the 20% will steal from the 99% all day long to satisfy their own greed. Money (capitalism) is at the root of all evil.
Obama got people jobs. The 1% made sure they didn’t pay shit