By DICK MORRIS, Published on DickMorris.com on December 7,
2015
Bureau of Labor Statistics (BLS) data indicates that the
total number of hours all Americans combined are working each year is at
exactly the same level as it was in 2007.
Not one hour more.
So all the data on job creation under Obama are
meaningless. It is just more people
dividing up the same number of working hours and much the same pay. It's a bit like the French solution to
unemployment which was to cut the work week to 30 hours so everybody could
share a job. No increase in total work
or total compensation, just spread the work around a bit.
ObamaCare's incentives to hire only part time workers and
the various other constraints federal regulations impose on full time
employment are accomplishing the same goal in America.
David Stockman, who calls our attention to this data, makes
the point that the weekly job reports of 200,000 or more new jobs created are,
therefore, a total fiction. It is the
same number of hours, just sliced and diced differently.
Source:
dickmorris.com
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