The Best Economic News No One Wants To Talk About

[RVonse]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

"Imagine a world where wage growth was truly stagnant only for workers in high-wage industries, such as medicine and consulting.
Imagine a labor market where earnings growth for low-wage workers, such as those who work in retail and restaurants, had doubled in the past five years.
Imagine an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
It turns out that all three of those things are happening right now."

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_11.04.00_AM/f298555d9.png

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_12.48.38_PM/46dc1193f.png

 

[Gun Nut]

We talk about it, just not with the spin and twisted data you may be used to hearing... from your very same article you cherry picked some data from:

Donald Trump hasn’t sprinkled MAGA pixie dust over the U.S. economy. In fact, his trade war has clearly diminished employment growth in industries, that are sensitive to foreign markets, such as manufacturing. Rather, a tight labor market and state-by-state minimum wage hikes have combined to push up wage growth for the poorest workers. The sluggishness of overall wage growth is concealing the fact that the labor market has done wonderful things for wages at the low end.

Despite trump's efforts to sink the economy of our country, the Democratic initiatives that made progress despite Republican partiniship, has helped the lower wage workers by guaranteeing a better living wage... through state-funded minimum wage programs that trump opposed.

 

[Jimmy Higgins]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

You ain't gonna read the article, are you?

As Gun Nut already quoted, I'll do so again.

What’s happening here? Donald Trump hasn’t sprinkled MAGA pixie dust over the U.S. economy. In fact, his trade war has clearly diminished employment growth in industries, that are sensitive to foreign markets, such as manufacturing. Rather, a tight labor market and state-by-state minimum wage hikes have combined to push up wage growth for the poorest workers.

 

[Loren Pechtel]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

"Imagine a world where wage growth was truly stagnant only for workers in high-wage industries, such as medicine and consulting.
Imagine a labor market where earnings growth for low-wage workers, such as those who work in retail and restaurants, had doubled in the past five years.
Imagine an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
It turns out that all three of those things are happening right now."

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_11.04.00_AM/f298555d9.png

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_12.48.38_PM/46dc1193f.png

Tight labor markets cause wage increases. Duh!

 

[RVonse]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

"Imagine a world where wage growth was truly stagnant only for workers in high-wage industries, such as medicine and consulting.
Imagine a labor market where earnings growth for low-wage workers, such as those who work in retail and restaurants, had doubled in the past five years.
Imagine an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
It turns out that all three of those things are happening right now."

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_11.04.00_AM/f298555d9.png

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_12.48.38_PM/46dc1193f.png

Tight labor markets cause wage increases. Duh!

Yes. And so does controlling immigration by reducing labor supply.

 

[RVonse]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

You ain't gonna read the article, are you?

As Gun Nut already quoted, I'll do so again.

What’s happening here? Donald Trump hasn’t sprinkled MAGA pixie dust over the U.S. economy. In fact, his trade war has clearly diminished employment growth in industries, that are sensitive to foreign markets, such as manufacturing. Rather, a tight labor market and state-by-state minimum wage hikes have combined to push up wage growth for the poorest workers.

Yes I did read all of the article.

The main point being that even left leaning news media are admitting labor is now moving in the right direction during Trump's administration. And if that continues, it will only be a matter of time that wealth disparity improves as well.

That is a good thing for the country BTW.

 

[Ford]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

"Imagine a world where wage growth was truly stagnant only for workers in high-wage industries, such as medicine and consulting.
Imagine a labor market where earnings growth for low-wage workers, such as those who work in retail and restaurants, had doubled in the past five years.
Imagine an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
It turns out that all three of those things are happening right now."

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_11.04.00_AM/f298555d9.png

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_12.48.38_PM/46dc1193f.png

Tight labor markets cause wage increases. Duh!

Yes. And so does controlling immigration by reducing labor supply.

I'd post a more comprehensive response, but I need to get to bed early so that I can wake up and work my lucrative gig picking lettuce tomorrow morning. Thank goodness all those illegal immigrants aren't taking my job anymore. By the way, would you recommend I buy a Lexus GS350, or should I go for the GS-F?

 

[RVonse]

Yes. And so does controlling immigration by reducing labor supply.

I'd post a more comprehensive response, but I need to get to bed early so that I can wake up and work my lucrative gig picking lettuce tomorrow morning. Thank goodness all those illegal immigrants aren't taking my job anymore. By the way, would you recommend I buy a Lexus GS350, or should I go for the GS-F?

Laugh at Trump and his supporters if you like.

But the results admitted by a left leaning publication clearly states that labor is now headed in the right direction. There are many reasons, and the minimum wage having nothing to do with Trump. But the graph from Bureau of Labor is clear that it all has happened only during Trump's administration.

 

[HaRaAYaH]

https://www.theatlantic.com/ideas/a...departments-new-report-isnt-so-gloomy/599491/

What I feel is very good news about the Trump economy-

"Imagine a world where wage growth was truly stagnant only for workers in high-wage industries, such as medicine and consulting.
Imagine a labor market where earnings growth for low-wage workers, such as those who work in retail and restaurants, had doubled in the past five years.
Imagine an economy where wages for the poorest Americans were rising twice as fast as hourly earnings for high-wage earners.
It turns out that all three of those things are happening right now."

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_11.04.00_AM/f298555d9.png

https://cdn.theatlantic.com/assets/..._Shot_2019_10_04_at_12.48.38_PM/46dc1193f.png

Figures never lie and liars always figure.

Let's see 4% of $15.00 per hour or 2% of $75.00 per hour. Who makes out better......

Jeepers creepers. Take of your tin foil hat. This is 100% still the Obama economy. It went from almost zero to 3% under Obama and 3%-4.5% under Trump and it's all Trump.

 

[Gun Nut]

Yes. And so does controlling immigration by reducing labor supply.

I'd post a more comprehensive response, but I need to get to bed early so that I can wake up and work my lucrative gig picking lettuce tomorrow morning. Thank goodness all those illegal immigrants aren't taking my job anymore. By the way, would you recommend I buy a Lexus GS350, or should I go for the GS-F?

Laugh at Trump and his supporters if you like.

But the results admitted by a left leaning publication clearly states that labor is now headed in the right direction. There are many reasons, and the minimum wage having nothing to do with Trump. But the graph from Bureau of Labor is clear that it all has happened only during Trump's administration.

I guess the moral of the story then is that to be a super-genius president that gets stuff done, all you have to do is be completely inept so that the States step in and accomplish what is needed at that level. Truly genius

 

[Jimmy Higgins]

Yes. And so does controlling immigration by reducing labor supply.

I'd post a more comprehensive response, but I need to get to bed early so that I can wake up and work my lucrative gig picking lettuce tomorrow morning. Thank goodness all those illegal immigrants aren't taking my job anymore. By the way, would you recommend I buy a Lexus GS350, or should I go for the GS-F?

Laugh at Trump and his supporters if you like.

Trust me, the laughter turned to tears in November 2016, and they haven't stopped yet. Trump's economic policies are cost the US billions in tariffs and agri-kickbacks to farmers who can't sell their product to China.

But the results admitted by a left leaning publication clearly states that labor is now headed in the right direction.

Again, you didn't read the article as it doesn't attribute Trump's policies to low income wage growth.

There are many reasons, and the minimum wage having nothing to do with Trump. But the graph from Bureau of Labor is clear that it all has happened only during Trump's administration.

You mean the enacted legislation to increase the minimum wage that coincided with Trump's presidency is therefore evidence that Trump's presidency is the reason the wages are going up? That is quality obfuscation.