Quote:
Originally Posted by spence
Sometimes it's valuable to put a remark in context of the thread. I wasn't saying that low unemployment didn't matter, but that the ratio of job openings to unemployed doesn't mean much unless it pushes employers to raise wages.
Don't know anyone here bashing unemployment Jim.
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(1) wages are rising. Google it. Not as fast as we'd like, but they are rising.
(2) it takes time for a shift in supply/demand, to effect the price of something (wages in this case). It doesn't happen immediately, and I'd bet you know this, but you're pretending you don't know it to serve your personal agenda.
(3) when the demand is greater than the supply, the workers are in a much better position than when there's no demand and a ton of supply. You also know this. If not, go take economics 101 at an online college.
"Don't know anyone here bashing unemployment Jim"
Pelosi said "hip hip hooray, unemployment is low". I posted a link. Do you want to recant your statement?