In the VP debate last night, Senator Tim Kaine boasted about 15 million jobs this administration has created since the economic downturn.
Apparently, the good Senator doesn't read the works of another big Hillary supporter, Bloomberg.
What's happening? Middle-income jobs have all but disappeared over the years in the South Florida city, sending residents to either the low end or the high end of the spectrum.
“Miami-Dade now has more jobs than it had in 2007,” said Kevin Greiner, senior fellow at the Florida International University Metropolitan Center. “The problem is that the quality, and the wages, and the income of those jobs created have been significantly lower than they were in the past."
bloomberg.com/news/articles/2016-10-05/miami-is-the-newly-crowned-most-unequal-city-in-the-u-s
This was supposed to play as an attack on the income gap between the wealthy and the poor. Note the time used mostly runs from 2007-20015. nearly all of those years under the current administration and the current Fed. So most of those jobs Kaine smugly boasted abut were, even if they exist, of the bartender and burger flipper variety. And last we looked Florida was listed as a swing state.
What's more the Fed devastated the people at the lower ends of this economic totem pole. And this last quote pushes the important point after eight years of the status quo: What economic recovery?
Miami, like most other major cities, wants to nurture higher-skill technology jobs. But what would actually help narrow the inequality gap is a solid recovery in retail, lodging and recreation, according to Nathaniel Karp, chief U.S. economist at BBVA Compass.
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