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This chart doesn’t make sense to me. I hear economists saying wages are going up because employers can’t find enough workers now, so they are having to compete by raising wages.
And not a peep about QE1-QE2-QE3........Richy-rich and his corporate buddies had Trillion of dollars worth of stinky-paper taken off their hands by Fedgov.
That was an unauthorized (it bypassed Congressional approval, the Federal Reserve just created money out of thin air) $2 trillion bailout of Fannie and Freddie. How do we know?
Now lets take a look at a wider version of the same information. Oops!. Funny how she left that little part off, isn't it?
Well I guess she must not have worked much in her life, as she is one of those wealthy ones. I wonder how much she gives to local bay area charities? She is out of touch with everybody.
If she really cared about the working class she would realize, what helps the wealthy helps the working class as well. She also overlooks, who really pays for what?
If the economy is booming and unemployment has fallen to very low levels, wages should be rising, not dropping.
" wages should be rising, not dropping."
They ARE rising!
From the SAME source as the chart:
From your own source, they are GOING UP.
"U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth.Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for 190,000 jobs. Average hourly earnings increased 2.7 percent from a year earlier, more than projected, while the jobless rate fell to 3.8 percent from 3.9 percent to match April 2000 as the lowest since 1969.
" wages should be rising, not dropping."
They ARE rising!
From the SAME source as the chart:
From your own source, they are GOING UP.
"U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth.Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for 190,000 jobs. Average hourly earnings increased 2.7 percent from a year earlier, more than projected, while the jobless rate fell to 3.8 percent from 3.9 percent to match April 2000 as the lowest since 1969.
It's about the purchasing price of the dollar. Hmmm now if I could only think of the reason why that is happening?
Quote:
Originally Posted by tickyul
And not a peep about QE1-QE2-QE3........Richy-rich and his corporate buddies had Trillion of dollars worth of stinky-paper taken off their hands by Fedgov.
Inflate the money supply, and prices go up faster than wages.
Now lets take a look at a wider version of the same information. Oops!. Funny how she left that little part off, isn't it?
Donald Trumps tax cuts do the following,
Increase workers income by 0.8%
Increase middle class income by 1.5%
Increase the richest 1% of Americans income by 13.5%
Increase the richest 0.1% of Americans income by 14.2% https://www.forbes.com/sites/janetno.../#1ccb08765b9d
Trump abolished worker illness record keeping regulations and now companies can hide information about their workers becoming ill from workplace conditions. The first 100 days: President Trump
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