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Old 09-07-2011, 01:08 PM   #8
MC
Six Million Dollar Man
Max Brawn
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Certainly we have enough infrastructure problems (roads, bridges, schools, mass transit systems) to put a lot of people to work AND better the country, right? The problem is that after these projects are completed, there has to be more work, or the unemployment numbers go back up.

There are two hidden issues in unemployment:

1. UNDERemployment. A lot of people who are working are doing so for wages that are FAR less than what they need to cover their day to day living expenses. Perry created a lot of jobs in Texas and most of them were minimum wage jobs. I don't know who can live off $7.25 an hour.

2. The Education Factor. As of August 2011, the unemployment rate for people with a college degree or higher is only 4.6%. It is 13.3% for people with less than a high school diploma and 9.0% for people with a high school diploma. More educated people are working. This again goes toward the 20+ year trend of fewer and fewer jobs for skilled laborers. Our country has yet to catch up with and accept this reality.
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