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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (919027)2/3/2016 8:30:15 PM
From: Mongo2116  Read Replies (1) | Respond to of 1573696
 
Economists disagree with you...what's your background? Raising min wage raises the standard for everyone else too....but your probably concerned more with the rich getting richer...what jobs are employers having trouble filling...how is that possible when you say the job market is not at full employment?? We went from losing hundreds of thousands of jobs a month to adding hundreds of thousands under obama....take your complaint to the "WHINE LIKE A BEEETCH" dept. lmao!!



To: TimF who wrote (919027)2/3/2016 9:07:20 PM
From: zax  Read Replies (1) | Respond to of 1573696
 
In the United States, the Organization for Economic Co-operation and Development (OECD) gives an estimate of the "full-employment unemployment rate" of 4 to 6.4%

The current U.S. unemployment rate is 5%. Most economists generally consider the U.S. economy at full employment. So you are wrong.

The labor force participation rate edged up between 1948 until the late 1990s. From 1948 - 1963, rates remained below 60%. However, rates slowly inched up as more women entered the labor force, breaking 61% in the early 1970s, 63% in the 1980s and reaching a peak of 67.3% in 2000.

The current labor force participation rate is 62.7%.