Quote: 

From 1999-2009 you had a decline of median income by 5% in direct correlation with a dropping workforce population. Simply put there was MORE jobs than people qualified to WORK so it becomes an employers market.

 

Think of it as the employers are buying labor and the workforce is selling labor.  If there were more jobs than workers, then the workers could sell their labor to the employer offering the most income, making it a sellers or workers market.  

We actually do have an employers market now because the opposite is true, There are more workers than jobs. Employers have the luxury of buying the most qualified labor and/or offer less in wages to the many workers competing for the fewer available jobs.

---