To: Old Boothby who wrote (956501 ) 8/13/2016 10:49:23 PM From: FJB 3 RecommendationsRecommended By
Read Replies (1) | Respond to Obama’s Top Economist Admits Feds’ Jobs Policy Is as Painful as Five Recessions President Barack Obama’s chief economist says Washington is imposing the economic pain of five simultaneous recessions on less-educated Americans, thereby pushing millions of working-age men off jobs, out of the workforce, and into poverty. Roughly 10 percent of American “prime age” men, or 7 million men aged 25 to 54, have dropped out of the nation’s workforce of 150 million. They are not trying to get jobs, and are not participating in the nation’s labor force. Jason Furman , an economist who chairs the president’s Council of Economic Advisors. “We shouldn’t accept it as inevitable,” he told a Brookings Institute expert, Dave Wessel on August 10.the high-immigration policy that annually sends a flood of two million foreign workers into the U.S. labor market just as four million young Americans start looking for their first jobs.two-for-four policy has an enormous impact on college graduates , on blue-collar and white-collar wages , on investment locations, and on hiring decisions. Washington and the establishment media largely ignore the impact because cheap-labor immigration gradually shifts wealth and political power from ordinary Americans towards upper-income Americans, especially investors, employers , and political advocates. CONT...
