> Given the fact that the economy is at full employment

The economy might be at full employment, but people are often underemployed, getting few hours, and shit wages. Most people are employed but many don't make enough to support even just themselves on their earnings let alone a family. Real wages have barely increased since the 1970s while costs have risen. We've had the first generations of Americans who are worse off than their parents. I wouldn't say our current situation was at all encouraging.