It’s June, a month famed for marriages, but it is likely to be remembered for the high rate of teen unemployment which has been soaring for a long time. By February, the national unemployment rate for youth, age 16 to 19, had reached 20.7%. By November 2013 it was three times higher than the national average of 6.6% according to the Bureau of Labor Statistics.
Tagged: bureau of labor statistics
Instead of deregulation to reduce unnecessary, stifling regulatory burdens and barriers, as both Carter and Reagan did to such fully documented success, Obama regulates mercilessly as if regulation is cost free to the economy, as the most interventionist President in American history.
President Obama and many of his fellow Democrat politicians think they have identified a terrible injustice in the “gender pay gap.” But with almost no effort, anyone who can access the Internet can go to the Bureau of Labor Statistics website and find information showing a far greater injustice: the pay gap between young people and older workers.
No need to wait around three years and beyond to know what Barack Obama’s “legacy” will be. It will be failure. Few, if any, presidents have demonstrated his level of incompetence and ineptitude.
The apparent divergence between Labor Productivity and earnings has been noticed by various progressive think tanks and is now making its way into public discourse. The divergence is easy to explain.
The dramatic contrast between the results of Obama’s policies and Reagan’s policies have already resolved the debate our current president is having talking to himself on his “economic tour.”
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