Friday, August 5, 2022

RETHINKING - AUGUST 5, 2022 - AMERICAN LABOR MARKET

 

Today, The Wall Street Journal celebrated good news from the American labor market.

The WSJ story was titled "July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5%"

My answer to this story posted in the blog section of WSJ Online was not an applaud to the news.

Please, read yourself my opinions:

1) "More jobs, but the wages are low, and the inflation is hitting the middle-class people."

2) "Of course, the wages have been declining for decades. For this reason the current middle-class people are really poor compared to other times."

A group of members of the WSJ Community LIKED my post.

SOURCES: The Wall Street Journal, my own think tank

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