“The pampered princes of the establishment keep pointing to the ‘great jobs growth’ while ignoring the low pay, part time nature of those jobs, and the slumping Labor Participation Rate. ”
What I think Jesse might also be missing, and what surely all the knucklehead economists are missing – including Yellen and her puzzling answer as to why lower gas prices aren’t helping the economy is two fold.
No. 1 – they miss the effect of Obamacare premiums on all but gov’t employees and
No. 2 – they miss the effects of all the high paying jobs lost in the oil collapse
Obamacare – is a job and income killer IMHO
Might explain why the Republicrats don’t want Trump, he’ll kill Obamcare and kill the pig insurance and pharmaceutical companies that feed them.
As always JMHO