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Posted by on Dec 5, 2010 in Economy | 0 comments

An Excellent Video By Reagan’s OMB Director About The State Of The Labor Market

David Stockman, the director of the Office of Management and Budget for Reagan’s first term has a great breakdown of job growth during a segment on CNBC. In it he claims that there have been zero new “breadwinning” (i.e. enough to raise a typical family) jobs created since the official end of the recession, with the enormous losses from the recession on a pace to take decades to recover. Nearly all the growth has been in the temporary and service sectors, a pattern that continues from earlier in the decade. Watch below:

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