Almost every day in the press and on television, Vice President Bush and other Republicans are shouting that 17 million jobs have been created under the Reagan-Bush administration. (Of course, it`s never mentioned that the majority are minimum wage.)
Actually, our rate of growth in jobs has slowed during the last 7 1/2 years, because the population of the U.S.A. is larger since Reagan became President. The fact is that when the population was less than today`s, in the years between 1972 and 1980, more than 17 million jobs were also created, and better-paying ones at that.
During President Carter`s last year in office alone, when the unemployment rate was 10 percent, 4 million new jobs were created, and that was done without raising the deficit to a record trillion dollars, as has been done under the Reagan administration.
