The Federal Reserve Bank of New York recently stated that the American economy is finally creating more middle-income jobs. This is good news all around as in the early part of the recovery a sore point was stagnant wage growth even when job creation was strong. We must remember that when Obama took office most States reduced the public work force because of the funds lost in the stock market crash. Obama was also under pressure to reduce the Federal Government payroll.
One notable Obama initiative to keep jobs was to save the automobile industry. Americans were buying cars at an annual rate of over 10 million cars and trucks but by the time Obama took office it was down to 7 million. Think of all the downstream jobs lost - suppliers, transporters, sales, etc. Remember cash-for-clunkers? Also reviving the housing market - lots of mortgages were under water and Obama had the $8,000 tax credit for first-time home buyers. He had control of both Houses of Congress at that time and could get these things done like the Affordable Care Act (Obamacare).
The American middle class benefited from these programs.
Between 2013 and 2015, employers added nearly 2.3 million workers earning from $30,000 to $60,000 a year, primarily in fields like education, construction, transportation and social services. That was roughly 50 percent more than in either the high-wage or low-wage categories during the same period.
Compare that with the research that of the nearly 7.6 million jobs created from 2010 to 2013, only about a fifth fell into the middle-tier category, with the largest number instead coming from lower-paid restaurant workers and health care givers.
William C. Dudley, president of the New York Fed had thois to say about the Fed study - “For the first time in quite a while, we are seeing gains in middle-wage jobs actually outnumber gains in higher- and lower-wage jobs nationwide.”
This notwithstanding the Obama Presidency understands that income inequality is to be looked at not so much by the causes (it's natural with globalization and automation) but by how government can mitigate its excesses. This is what drives the Progressive agenda. The Conservative approach is to foster income generation and then let it trickle down with less government interference - a recipe for soup kitchens.
Continue the flaming. 