This is your recovery and this is your recovery without drugs

Was the drop in median household income caused by more low-paid jobs becoming available during recovery? If yes, isn't that just a process of recovery, where first people are getting jobs so they can spend (i.e., "live") which in turns will turn the economic wheel, leading to recovery in the business sector (they can now sell since there are more people buying), leading to acceleration in recovery?

Marmoot said:

Was the drop in median household income caused by more low-paid jobs becoming available during recovery? If yes, isn't that just a process of recovery, where first people are getting jobs so they can spend (i.e., "live") which in turns will turn the economic wheel, leading to recovery in the business sector (they can now sell since there are more people buying), leading to acceleration in recovery?

Click to expand...

how long would you say this acceleration in "recovery" should take place? did you read the article? did you note that this is the worst post-war recovery to date, and not by a small factor despite radical experimental monetary policy? please take another gander at the charts and note how much The Federal Reserve's balance sheet grew since 2008....

now the dual mandates of The Federal Reserve are an outright lie; more accurate gauge on real unemployment (U6) as well as %age of population not in the work force = highest ever in history...

it's too easy for gov agency like BLS, working alongside The Fed (a private central bank that has no reserves nor is it federal), to fudge unemployment stats; in fact, the BLS has a 100% revision rate for their "stats".....

low paying part-time jobs and major contraction of wages does not equal a recovery, especially 6 years after the great recession.....nor does injection trillions into the S&P500 and other indices; ie direct wealth injections for the 1% = the greatest disparity of wealth has occurred starting in 2008 since..... the time of the GREAT DEPRESSION...

Was just asking.....
Geez.....