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Real Time with Bill Maher: Labor Secretary Thomas Perez

8 years 7 months 1 week ago

I like this guy!!!

YouTube: Bill Maher welcomes Secretary of Labor Thomas Perez to discuss employment, the minimum wage, and the "Eeyore Caucus" of Republican naysayers.

1 Comment

RedSky

says...

The economy has of course added jobs under Obama but you really can't talk about the unemployment rate (% unemployed of those actively looking for work) without factoring in the participation rate (% of in the labor force working or looking for work out of the population) which has been dropping since 2000 in the US.

This is not explained by baby boom retirees as even if you take a narrow 25-54 measure you see the same decline. China's acceptance into the WTO ('95) is often talked about as a turning point as it was in some ways an abrupt green light to many companies that opened up a huge labor pool and a led to an influx of outsourcing. I would argue the US government among many others has done a poor job of retraining manufacturing workers and financially supporting them to be mobile to find work elsewhere.

https://research.stlouisfed.org/fred2/series/LNS11300060