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View Diary: The Gamechanging UE Numbers: Bill Clinton Told Us And Now "We are Feeling it" (43 comments)

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  •  Also great news for the middle class! (4+ / 0-)
    Recommended by:
    pistolSO, TomP, Onomastic, effervescent

    While it is still too high, the lower the UE rate goes the more competition there will be for labor, and the more compensation will rise. That drove the middle income gains during the Clinton years, but even marginal improvement should support income gains.

    Conversely, it is horrible news for Republicans, so in conclusion: Republicans hate the middle class.

    Transitive property FTW!

    You never trust a millionaire/Quoting the sermon on the mount/I used to think I was not like them/But I'm beginning to have my doubts -- The Arcade Fire

    by tomjones on Fri Oct 05, 2012 at 10:02:24 AM PDT

    [ Parent ]

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