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Retirees who are bored or want to supplement their pensions now can.
“In a tight labor market, firms find recent retirees increasingly attractive,” said Kathleen Christensen, who funds research on aging and the American labor market at the Alfred P. Sloan Foundation. “Their skills are up-to-date, they possess critical institutional knowledge, and they can mentor younger workers.
The tight labor market has also secured higher wages for overtime workersand high-paying, coveted white-collar jobs for American teenagers.
Most recently, Breitbart News reported that the construction industry has had to recruit womento take jobs at higher wages rather than hiring illegal aliens. A Chick-Fil-A in California has even raised wages to $18 an hour to retain workers.
So, overall wage growth is about zero. Wages are low anyway.....40% of Americans say they can't come up with $400 cash. Consumer debt is at the highest ever, as is student debt.
The DOW has made 1% for the first 6+ months of the year. Gas is MUCH more expensive, as is health care (and gonna get MUCH worse as Trump destroys the skin-in-the-game)....
But, wow, things are great.
The Mercers...billionaires who own Breitbart, are doing great. But claims of this amazing boom that happened just when Trump took office - total BS and anyone who looks knows it. We have had a slow, but consistent, recovery for at least 6 years - longer if you look at the charts.
This so-called amazing, greatest ever....YUGE economic boom should mean at least an "average" BULL return for stocks like Warren Buffets or other top mutual funds. I remember getting 15% or 20% returns in many of the good years. Yet we have 1% in 6 months and the Trumpies are shouting from the rooftops!
Note - this "great" economy even includes 1.5 TRILLION in free money borrowed from our children...and given to the corporations (largely) that are up that 1% in 2018.
The only thing that is fair to say is that the GW Bush 2008 Recession is largely over (the repercussions will take even longer, tho) and that Trump has not yet created a Global recession or depression. But to say that a 1% drop in unemployment (a continuation of a 5.5% point drop under Obama) is some great shakes....it total BS.
Pie in the Sky. And I say that as an investor and someone who 100% needs to live off that particular savings. I'm not feeling it and the performance graphs in Fidelity and Vanguard aren't showing it.
Now- if I owned some real estate in the Bay Area...then we could talk growth.
The summary has been given by every economist who actually looks at the data...no, not those who send out tweets saying "woo hoo". That is..the rich are getting much richer, but the average joe and john are not getting anywhere.
They own some of it, along with Larry Solov and Susie Breitbart (Andrew Breitbart's widow).
Do you know what percentage the Mercers own?
I doubt it.
Solov appeared before a Standing Committee of the Senate Press Gallery in order to secure press credentials for the site.
Solov had to admit to that committee that he owns the site, along with Susie Breitbart and the Mercer family.
Solov also said in that hearing "I want to disclose as little as possible about financial and ownership structure".
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