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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (289384)	6/1/2006 9:57:42 PM
From: tejek	Read Replies (1) of 1577950

Employment and wage rate growth has not been very strong. In most recoveries since the 70s employment growth lagged economic growth, and wage growth lagged employment growth, by more than they did in earlier decades. I don't know why but the fact that its happening now isn't a surprise and is not an indicator that the recovery will not be sustained. Finally, you come up with something that has a certain legitimacy to it........in the two latest expansions, job growth has been slower than normal. Its believed that technology keeps improving worker productivity, meaning less workers are needed later in the recovery. However when you compare job growth under the Clinton recovery and job growth under the Bush recovery, the latter's performance comes up a poor second: "FACT — JOB GROWTH UNDER BUSH LOWEST SINCE WORLD WAR II: Even since the 2003 tax cuts, job growth has been historically weak, growing at less than half the average rate for similar periods in comparable post-war recoveries. [Center for American Progress, State of the Economy, 1/26/06]" thinkprogress.org There are better sources providing detailed data but I don't have time to look for them.

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