It's amazing how some so called college educated folks fall for the frightfart lines. 

The Bureau of Labor Statistics releases a bunch of data, including not only the U1 stats, but U2, U3, U4, U5 & U6 numbers. They're all way down, roughly 1/2 what they were in early 2009.

What's even more amazing are the college educated folks that fail to understand and keep on putting their heads in the sand..........

For instance, the Congressional Budget Office produced a report in November 2014 showing that the bottom 80 percent of earners saw income increases of about 16 percent between 1979 and 2011. The top 81-99 percent, on the other hand, saw increases of about 56 percent over the period. And the top 1 percent alone saw their household income grow 174 percent. (all inflation adjusted)

Since 1973, worker productivity has gone up 73%, while hourly earnings has gone up only 11%. (inflation adjusted) Where did the difference go?  Steal the yearn...you can quote me on that.