Yesterday Jeb Bush offered his boldest solution yet for the economy. In an interview with the New Hampshire Union Leader, he said a way to get 4 percent growth is “people need to work longer hours.”
As a matter of fact, most Americans are already working long hours. The average workweek for salaried workers is 47 hours. Hourly workers are putting in even more time. Contract workers, free-lancers, and temp workers are working longer hours than ever. Most part-time workers are doing more than one part-time job.
The problem for most Americans isn’t work hours. It’s wages. Wages are still stuck in the mud. Half of Americans are earning less now than they did 30 years ago, adjusted for inflation. Almost all the economic gains have been going to the top. But Bush is against increasing the minimum wage or doing anything else that would raise Americans’ pay. Jeb’s Bushonomics is as bad as his brother’s.
What do you think?