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OpEdNews Op Eds    H2'ed 5/15/17

Full Employment and How to Get It

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Message Frank Stricker

By Frank Stricker

The President Speaks: "Jobs, jobs, jobs, we're gonna give you so many new jobs you will be sick of it."


Bob Right, Faux-Freedom Caucus member, thinks: "Great! And he'll make sure that the government doesn't start job programs like the WPA and CCC that we had in the 1930s. And thank god he won't be deincentivizing rich people by taking back the trillions of dollars they grabbed in the last forty years. Just the opposite. More tax cuts for the 1%. That's freedom."

Really, Bob?

The chart below is a slice of wage and job history covering 65 years. It shows how bad things have often been without good-job programs. Wage growth has been mostly terrible since the mid-1970s, and job growth has been on-again-off-again.. After the 1960s, we've had just one period when both wage and job growth were strong. You might conclude, as I do, that deliberate policies had something to do with this bad record.

Report Card on Wages and Jobs in Five-Year Periods, 1950-2015 [1]

Real Wage Growth Job Growth

1950-1955 A+ A

1955-1960 A B

1960-1965 B+ A

1965-1970 C A+

1970-1975 F B+

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Frank Stricker Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Emeritus Professor of History, Labor and Interdisciplinary Studies, California State University, Dominguez Hills; board member of National Jobs for All Network.
Author of American Unemployment: Past, Present, and Future (University of (more...)
 

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