What ever happened to the Gold Standard? |
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News |
Written by Wisconsin Senate Democrats |
Friday, 10 March 2017 12:14 |
MADISON, WI - Republican politicians continue to display their lack of private sector experience by relying on outdated political talking points to defend their lavish giveaways to wealthy special interests. Despite the loss of 4,000 manufacturing jobs over 12 months, Wisconsin families are being forced to pay for hundreds of millions in tax giveaways targeted to some of the wealthiest individuals in the state.
After new figures from the Bureau of Labor Statistic Quarterly Census of Employment and Wages (QCEW) showed a sharp drop in manufacturing jobs, Gov. Walker instead tried to cite estimates he’d previously disregarded. Gov. Walker has vigorously defended the QCEW as the most accurate source for job numbers and called it the “gold standard” in measuring job creation.
The Democratic leaders pointed out that accurate figures from the census of private sector employers showed Wisconsin losing more than 15% of the manufacturing jobs lost nationally despite the manufacturing and agriculture tax credit, which began phasing in during 2013 and took full effect in 2016. |
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