"Fewer Americans are at work today than in April 2000, even though the
population has grown by 30 million people since then. Think about that.
A reality check is offered by the unemployment numbers the government
calls U-6. It measures people who have applied for a job in the last six
months and also includes people who are involuntary part-time
workers government speak for people whose jobs have been cut back to two
or three days a week or who are working part-time because they have
been unable to find a full-time job. That number is almost 15 percent.
Include the eight million people who have simply given up looking for a
job and the real unemployment rate is closer to 18 or 19 percent. These
are the brutal facts behind the Census report on median income. It is no
surprise when annual wage increases have dropped to an average of 1.6
percent, the lowest in the past 30 years. " [Mort Zuckerman - US NEWS and WORLD REPORT]
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