Stimulus job creation Infrastructure renewable energy HVDC Pumped Hydro Storage

Economic growth averages 2.2% since Obama stimulus

Submitted by Roger Fox on Sun, 06/19/2016 - 1:47pm

There are the 4 major components to economic growth.

1) Energy

2) Resources

3) Workforce growth

4) Productivity increases.

We’ve hit peak oil, peak fish, peak iron. Workforce growth peaked at around 1970 in the US. Of these 4 components only productivity has been increasing during the last 30 years. This is why 6% to 12% economic growth hasn’t been seen in decades.

Obama went and done it, for real job creation

Submitted by Roger Fox on Wed, 03/18/2015 - 5:00pm

I have wrote many times describing the scale of the un/underemployed and the scale of solution needed to fix things. The job deficit equals the infrastructure deficit, and they equal the SS deficit.

So if we create enough jobs, employers will have to compete for skilled workers, this drives wages up, sometimes it does so faster than the inflation rate. This is often referred to as "Real Wage Growth". And since 1973 Wage Growth has not kept up with inflation.