With unemployment at 4.1% and dropping, Americans might soon see something we haven’t had in a long time: unemployment at 3% or less. To find out what that would look like, Bloomberg reporters went to some cities where unemployment is already at or below that, like Ames, Iowa, where the jobless rate is 1.5%, the lowest in the US.
Click the link to see a story and video about what full employment is like (just for grins, along with a video reminder of Obama mocking the very idea that Trump could ever bring back jobs and robust economic growth – remember how low expectations were “the new normal” we just had to get used to?) In some ways, full employment is like the workers are the bosses, with companies competing to offer more pay and benefits, better working conditions and more flexible hours to entice good people to work for them instead of leaving for greener pastures. Hey, wait: I thought that “tax cuts for corporations,” as Democrats like to put it, along with other pro-business-friendly policies were supposed to enslave and impoverish the workers, not result in them getting more pay, benefits and bargaining power?
Of course, there could always be bumps ahead that derail the falling jobless rate and harm workers. We could get into a trade war (although that’s looking less likely) or rising interest rates could cause problems because the federal government has run up so much debt. Or, since advertising has been called “the art of disconnecting the brain from the wallet,” voters could allow negative campaign ads to let their emotions overrule their pocketbooks and give Congress back to the party that didn’t cast a single vote in favor of the tax cut bill that’s unleashed all this prosperity -- the same party that wants to repeal the tax cut and spark a market-crashing Constitutional crisis by trying to impeach the President.
Americans who are weary after eight years of standing in long lines to apply for one low-paying job opening should think about that experience before standing in long lines at the polls to put Nancy Pelosi back in charge.
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