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The bottom line is the Donald has not fixed anything ... it's a tight job market, that is what happened.
Because Trump's policies create a better business environment, from which low-end wage workers are benefiting the most.
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Tomorrow there will be a different story ... Boomers retiring is part of the job equation, the other part is that not all lower wage income earners are experiencing a boom in a wage increase --- only on certain industries does that apply.
Thus has it ever been.
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InformedConsent --- don't do the liberal, conservative, democrat, republican ideology argument with me. I see human beings --- not ideology.
You sure as hell don't give credit where credit is due.
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The human suffering in the u.s, is real. Everything else is made up to make people feel good about themselves in this crappy society.
It's nothing new that a LOT of people make incredibly bad life and financial decisions and then end up suffering the consequences.
Because Trump's policies create a better business environment, from which low-end wage workers are benefiting the most.
Thus has it ever been.
You sure as hell don't give credit where credit is due.
It's nothing new that a LOT of people make incredibly bad life and financial decisions and then end up suffering the consequences.
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Because Trump's policies create a better business environment
They did not ... Labor Report 2019 argues against Trump having any impact, at all.
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financial decisions and then end up suffering the consequences.
Unrealistic POV
PS: Amazon closing up 30% of the brick and mortar retail stores across the u.s.; leaving people without jobs --- that's real.
That seems high to me. There are 27 million people with 401k and 19 million with IRAs in America, and some overlap between those two groups, so I think we have at most 46 million individuals with retirement accounts. With 253 million adults aged 18 or over, that translates to about 18% of eligible people having retirement accounts. Roughly half of working age Americans have savings and net assets of less than $5000.
You're forgetting that pension plans are also invested in the stock market. There are actually 75+ million current workers with pensions and/or retirement accounts that are invested in the stock market.
Fair point. So roughly half of all working Americans have some kind of retirement plan... about 70 million individuals. That sounds reasonable. I always am stunned by how little the average saver has, though. When you review the figures by age category, I believe the median savings at retirement age is between $100 and $150k. No doubt the last 10 years have buoyed that up closer to 150 because in 2010 the number was under $100.
They did not ... Labor Report 2019 argues against Trump having any impact, at all.
You're misinformed. There is no doubt that policies which create a better business environment stimulate the economy, and in this particular case (Trump's policies), the low-end wage earners have benefited the most:
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"...an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
Fair point. So roughly half of all working Americans have some kind of retirement plan... about 70 million individuals.
Nope. More than 75 million workers. And that doesn't even count the retirees drawing from pensions/retirement accounts.
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I always am stunned by how little the average saver has, though. When you review the figures by age category, I believe the median savings at retirement age is between $100 and $150k. No doubt the last 10 years have buoyed that up closer to 150 because in 2010 the number was under $100.
Save/invest early and often. It doesn't even take that much to snowball quickly, given the beautiful math of compounding returns on investments.
Spoken like a true believer that Trump has done something positive for the low wage workers (or for anyone for that matter) when in reality he hasn't done a darn thing, but blow hot air.
"Donald Trump says Americans are currently living through “the greatest economy in the history of the U.S.” And while anyone familiar with mid-century growth rates will find the president’s assessment a bit hyperbolic, we’re still plausibly enjoying “the greatest economy in the history of the decade.”
America’s unemployment rate is still hovering near half-century lows. Wage growth is still about as high as it’s been since the 2008 financial crisis. Chatter about an imminent recession has faded into murmurs. On Wednesday, third-quarter GDP growth and ADP’s private-sector job-growth estimate both came in higher than expected. There is reason to think that our long, slow post-crisis expansion has already hit its peak. But for now, the “good times” are still rolling.
"Today, the labor market is tight by many measures, and that’s a major policy win—but it’s a victory that President Trump and his allies had next to nothing to do with. Further, even given today’s signs of labor market tightness, wage growth has not durably accelerated out of post–Great Recession doldrums."
Keep posting that. I love coming back and posting the 'real' numbers.
Your first link amounts to "many people still think their jobs suck, and oh yeah, the middle class still can't manage debt despite being middle class" while the second one amounts to "the economy is good but could be even better." So yeah, go ahead and keep posting while thinking you have a point.
Your first link amounts to "many people still think their jobs suck, and oh yeah, the middle class still can't manage debt despite being middle class" while the second one amounts to "the economy is good but could be even better." So yeah, go ahead and keep posting while thinking you have a point.
"There’s no question the economy has been strong since Trump took office, but it was also strong before he took office, a fact he continues to distort as he falsely puffs up his own record."
September’s monthly job report was a bit mixed but overall showed that the level of hiring continues to slow this year. The 136,000-nonfarm employment number was lower than expected but revisions for the previous two months added an additional 45,000.
Weakness in manufacturing in Wisconsin, Pennsylvania and Michigan could doom the president’s re-election chances.
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So yeah, go ahead and keep posting while thinking you have a point.
If you are going to try and tell 63% of the people that have dropped out of the workforce, that their wages have increased, do not be surprised if they don't believe you.
"Another survey found that 62% of employees received no salary increase in 2018 and just 25% were determined to look for a better job this year.
All these dark clouds seem counterintuitive to the numbers coming out of the Department of Labor each month. When the labor market is tight – meaning the unemployment rate is low and fewer people are looking for jobs – the bargaining power is supposed to be in the hands of the workers. The employers competing to fill empty jobs are supposed to be offering better wages and benefits to attract the best candidates. Low unemployment rate number is also supposed to make workers optimistic about their chances of getting a new, better paying job. And yet the shadow of the Great Recession still seems to loom large over America’s workers."
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Too many people do not see what you and other headline news are selling, but you can keep trying if you want to .
Last edited by Ellis Bell; 01-26-2020 at 11:30 AM..
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