re: Bill Clinton: I Know Why American Incomes Are Stagnant

quote:

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"Median income hasn't gone up for three reasons," Clinton said. "One is the labor markets aren't tight enough, and we haven't raised the minimum wage as we should. And the second reason is we haven't changed the job mix enough, to raise the median income and have more poor people working into it. The combination of jobs has to pay, on average, higher wages."

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This is mostly a self-evident restatement of the problem (minus the minimum wage part).

"I know why wages are stagnant, there aren't enough jobs that pay more!"

Duh.