Posts Tagged ‘Obama’



As Michael Reich and Ken Jacobs explain,

One measure of employers’ latitude to absorb higher wages compares the minimum wage to the median wage. From the 1960s into the 1970s, the minimum-median ratio in the United States varied between 41 and 55 percent. Since the mid-1980s, it has been much lower, varying between 33 and 39 percent. A minimum wage increase to $10.10 by 2016, as President Obama proposed earlier this year, would restore the national ratio to 50 percent.

min wage

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The line in the chart measures total U.S. government employment as a percentage of total nonfarm employment.

As Mark Congloff explains,

If President Obama is a socialist dictator like some say he is, then he’s doing it wrong: The government sector has slashed jobs steadily since the recession, shrinking government payrolls to their lowest level in eight years.* At this rate, there won’t be enough people to run the FEMA camps.


*Even longer (more than 12 and a half years) if we look at government employment as a percentage of total nonfarm employment (which was last this low in April 2001).


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