lost decade

Ignoring the Big Picture/Disturbing Trend in Graphs

Recently there has been several stories about 2000s being the Lost Decade of Jobs. No kidding. But what the stories fail to discuss is what are the reasons for the lack of job growth. Could it be because of economic policy? Heck, yeah - our current economic policy relies on wage suppression, cheap imports, more debt, abandonment of manufacturing sector (part of wage suppression strategy) and asset price inflation. But why don't we hear about this in the traditional media?

First, a Business Week article:


Second, from a New York Times Article: