BigBallinStalin wrote:Hey, a surplus!
Actually, it was a shortage. There are a number of reasons why there was and still is a shortage of jobs.
There are constant and increasing pressures on the creation of jobs. We generally call them "regulations."
When the whole credit crisis of 2008 hit banks stopped lending. Most business relies on lending; you must spend money to make a product to sell the product to pay the loan and the interest. Small businesses does that all the time and when the money stopped flowing the whole system started to collapse. Small businesses are the main engines for the job market. Big businesses have high number of employees but relatively low churn rates. Small businesses are the ones who are more than likely to double in size.
But that was years ago. Logic insists that the steeper the recession the steeper the recovery. That didn't happen but it takes massive forces to keep the laws of economics down. Unfortunately we had those massive forces. Huge so called "Stimulus" spending caused the federal government to take money from the bond market used to fuel private corporation borrowing; this combined with the residual fear of banks to lend in the first place created a problem so big that people left the workforce all together. (Thus the official unemployment number is a POS.)
2012 was a slight recovery year; but Obama Care kicks in now and well, that's basically a dagger to the chest to all small businesses in the country.
Too bad, you're screwed. Hey let's raise the minimum wage while we are at it. ..... Opps we just flat-lined the economy.