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Wages haven't risen because our service based economy is low skill. No wage pressure as the majority of workers are replaceable. Corporations can do more with less and this tend will continue to erode worker's ability to see wages rise in most of America.
Unemployment really is low.
Manufacturing is never returning and people need to realize the other 6b people on the planet are going to start driving demand. Which naturally makes Asia s huge target over the next few decades.
Many make the mistaken argument that this is about wages, it isn't. Wages are a very tiny part of the equation.
We are seeing our influence wane and if we aren't careful we'll collapse under our own debt and stupidity.
We are approaching the end of the rally though and the downturn is going to be harsh.
Why wouldn't the stock market boom when their value increased with the huge tax cut? Balance sheets obviously improved. Nothing tangible changed for workers other than the 1k onetime giveaways some corporations did for PR purposes.
The laxing of regulations is what is going to bite us in the end. Killed our economy in 2008 and it will happen again. The banks are a danger to our society.
Seems no shortage of people with perception that life was better in the 50’s.
There were 3 recessions and 20% of the population lived in desperate third world like poverty in the 50’s.
Likely, many did not realize the Great Depression has ended.
The economy is never all good or bad for all people all the time.
Presidents do not control the economy. If they did there would never be a recession.
If you are asking for personal observations, in my little neck of the woods the economy is booming.
we had to wait five months for the contractor we hired to start our construction project. the owner told me his company is so busy they aren't even taking anymore jobs in backlog.
Most stores where we regularly shop have 'we are hiring' signs posted. there are more jobs than people to fill them.
Houses priced appropriately in my neighborhood rarely stay on the market longer than a couple of weeks.
I could name many more anecdotes. the economy looks good from my perspective.
Last edited by texan2yankee; 06-16-2018 at 06:40 AM..
I had a right wing friend tell me 5 or 6 years ago that he was afraid that Obama would make China call in our debt and we'd be sold down the river to them. I told him it would never happen because they count on our buying their stuff and their economy needs us as much as we need to borrow money from them. The irony that the president my friend supports, with no little bit of rabidity I might add, is systemically removing that reason. For certain they're going to be less eager to buy our debt going forward and it will have some pretty serious repercussions.
I had a right wing friend tell me 5 or 6 years ago that he was afraid that Obama would make China call in our debt and we'd be sold down the river to them. I told him it would never happen because they count on our buying their stuff and their economy needs us as much as we need to borrow money from them. The irony that the president my friend supports, with no little bit of rabidity I might add, is systemically removing that reason. For certain they're going to be less eager to buy our debt going forward and it will have some pretty serious repercussions.
This is a thread about feelings, not a real number or any real importance on the whole of the economy.[/url]
What's the real median hourly wage growth of the past 20 years? Real numbers. Not "great economy" and other slogans meant to deceive the people. How is 20 years of stagnation for the majority anything "great"?
The housing market seems pretty stable now. Prices are holding pretty well and the market seems fairly robust I think in large part because a lot of people are retiring and moving to retirement communities which is opening up resales and fueling building in desirable locations. Just in the Miami area there are a dozen or more high rises going up.
The stock market is pretty resilient. Trump caused some significant fluctuations early on but the market soon learned he changes his mind every day, so they ignore him for the most part.
The housing market seems pretty stable now. Prices are holding pretty well and the market seems fairly robust I think in large part because a lot of people are retiring and moving to retirement communities which is opening up resales and fueling building in desirable locations. Just in the Miami area there are a dozen or more high rises going up.
The stock market is pretty resilient. Trump caused some significant fluctuations early on but the market soon learned he changes his mind every day, so they ignore him for the most part.
Oh, give that about another three months or so....until all the tariffs come home to roost. That'll change and not for the better I'm afraid.
Everyone forgot the previous lessons learned from tariff wars. No one wins and recessions are usually the guaranteed result.
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