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"And on Tuesday, the big picture on Americans’ paychecks grew even darker: In May, U.S. inflation accelerated to its fastest pace in more than six years — and wiped out what little wage growth the typical American worker had seen over the past 12 months in the process."
Trickle Down is a scam. It has never delivered on its promises. Money injected at the top stays at the top.
Trumponomics: making the rich richer while the middle class goes nowhere. Face it Trumpsters: you were conned by a con man. He's no friend of ordinary Americans. All he cares about is himself and his rich Russian cronies.
quoth HL Mencken: "H. L. Mencken wrote that for every complex human problem, there is a solution that is neat, simple and wrong"
Our economy is strong, as nearly every new release of economic data indicates. Industrial production is up. The unemployment rate is as low as it has been in two decades. Employment rates are growing and the disability rolls are shrinking. Measures of business confidence are bullish. Stocks are up. The economy has been growing, hitting 3 percent in some quarters. Inflation, meanwhile, remains low.
But also
Quote:
A recent study confirms the continuity in economic performance. A team of economists looked at the combination of other countries’ economies that most closely mimicked ours in performance between 1995 and 2016. They then looked at how this combination of economies had performed after the 2016 election. The result: No detectible Trump effect, positive or negative. That conclusion feels about right.
BLS never refers to all workers as Production Workers.
The BLS news releases make that perfectly clear:
Real average hourly earnings for all employees...
Real average hourly earnings for production and nonsupervisory employees...
Those are two separate and distinct groups of employees.
"Production Workers" are used as the bench-mark against all other classes and groups of employees, and someone even remotely knowledgeable in Economics would know that.
For all workers:
Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.Combining the change in real average hourly earnings with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this period.
For production workers only:
From July 2017 to July 2018, real average hourly earnings decreased 0.4 percent, seasonally adjusted. Combining the change in real average hourly earnings with a 0.3-percent increase in the average workweek resulted in a 0.1-percent decrease in real average weekly earnings over this period.
[emphasis mine]
Seasonally Adjusted Data is wholly arbitrary, and very obviously, the data was cherry-picked for propaganda and disinformation purposes.
New jobs have nothing to do with the OPs chart. The OPs chart has to do with profits. Profits aren't spent on jobs. They're what's left over after all expenses.
The chart makes no distinction between gross profits and net profits, but then the person making the chart isn't really interested in Truth.
I didn't even bother to look.
First there is the reputation of the OP, who is clearly a victim of TDS.
Secondly, if we consider the age of the US economy, looking at a chart covering a few months is meaningless.
Seems to me we're doing OK. People have jobs. My daughter, the mortgage broker, is doing well. Gas is not horribly expensive. Looks like we'll get to build The Wall.
Overall, I'm pretty happy, so explaining to me why I should panic and vote against everything Trumpian is a waste of time.
Employment without livable wages is pointless...one might say slavery.
Oh, please! "Without livable wages?" Perhaps some ...they are those who are just entering the workforce, many with only a high school education. They aren't expected to have the skills to raise a family on.
Most of the work force is doing quite well. Take a look at the cars on the road. Most are current models. Look at the homes being built, and the homes being sold. They are not exactly shacks.
When I shop, I don't see stores empty of shoppers, but I do see many people going through racks of clothing, etc., and standing in line to pay for their purchases. Business is up.
Who's not making a living wage? A few. Yes. The majority are doing quite well now. Thank you President Trump for pulling this country out of the stagnant Obama economy.
....
Who's not making a living wage? A few. Yes. The majority are doing quite well now. Thank you President Trump for pulling this country out of the stagnant Obama economy.
Amen.
And that gripes their ass to no end. Hence these constant topics where they tell us that America is falling apart and that we should be ashamed to be American.
And that gripes their ass to no end. Hence these constant topics where they tell us that America is falling apart and that we should be ashamed to be American.
True. In actuality, President Trump is putting things back together again after the disaster that was the Obama presidency. He's had to pick up the pieces and clean up Obama's mess.
Unless you are one of the ones who was jobless who is now working again. I think a lot of people are celebrating. Black employment is at it's highest in history.
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I didn't even bother to look.
