NoTrespassing
Veteran Member
Exactly. There are no jobs in inner-cities for uneducated poor people with ZERO work experience. As I mentioned before, that was not the case 30 years ago. You could get a decent paying factory job with no high school diploma. Those days are gone. Raising minimum wage will not solve anything.
30 years ago? The US economy was in much much worse shape 30 years ago. I'm sure unemployment was figured a little differently than it is today but even taking that into consideration, the economy was in the crapper back thenn
Unemployment was much higher when I graduated highschool 31 years ago.
"The peak of the recession was in November and December 1982, when the nationwide unemployment rate was 10.8%, highest since The Great Depression. As of 2013, it is still the highest since the 1930s.[8] In November, West Virginia and Michigan had the highest unemployment with 16.4%. Alabama was in third with 15.3%. South Dakota had the lowest unemployment rate in the nation, with 5.6%. Flint, Michigan had the highest unemployment rate of all Metro areas with 23.4%.[9] In March 1983, West Virginia's unemployment rate hit 20.1%. In the Spring of 1983, thirty states had double digit unemployment rates. When Reagan won re-election in 1984, the latest unemployment numbers (August 1984) showed West Virginia still had the highest in the nation, 13.6%, with Mississippi in second with 11.1%, and Alabama in third with 10.9%.[10]"
Early 1980s recession - Wikipedia, the free encyclopedia
I guess we have a tendancy to look back fondly and forget some of the bad parts. I know I do. Don't forget about the inflation rate that reached 13.5% in 1980 and the prime lending rate that went over 20%.