7.5 years straight of jobs growth, month over month

[volfanhill]

This implies you think I want to see the economy fail, which is ridiculous. I want to see it continue to improve, but it has been very uneven, you have to admit.



The people that really seem to be getting the vast, vast, vast majority of the benefit are at the top whereas the middle and working class continue to struggle.


Its great to see that so many people are getting jobs, but its not so great when you realize that their incomes leave no room for retirement savings, college, etc.

The Fed says if this was your concern you should have voted Trump. This data came out end of March.Opinion | The Wealth Gap Shrinks

 

[hog88]

The Fed says if this was your concern you should have voted Trump. This data came out end of March.Opinion | The Wealth Gap Shrinks


View attachment 335665

The ”wealth gap” always grows under dem administrations regardless of whether the Rs hold congress or not.

 

[evillawyer]

But what about the data?

They'll tell you how Trump was up bigly in the 3rd quarter before blowing the lead and that you should wait to see what he's got in store for next year.

 

[Ashevolle]

They'll tell you how Trump was up bigly in the 3rd quarter before blowing the lead and that you should wait to see what he's got in store for next year.

Riker's Island?

 

[evillawyer]

Riker's Island?

I hope

 

[Vol737]

Thanks Obama !

In all seriousness, though, it still feels like the economy is struggling. My theory is that it's because wage growth has a really long way to go to catch up.

That feeling will continue to be the case as we print a s*** ton of money with the expectation of the Fed govt to be Santa Claus. There is no catching up when you’re devaluing a currency at such a rapid pace.

 

[Roustabout]

So, the corporate tax rate cuts spurred growth. What do you think wage increases will do? The problem with most Americans isn't that they don't make enough. It's that they live above their means and don't save. Giving them more money won't fix that. It will only make what they buy cost even more. It's an inflationary move.

That said, will there naturally be wage growth? Sure, due to competition between employers for employees. That's inherent to the system. Probably will see more of an up tick with the baby boomers leaving the job market, because there will be a surplus of jobs. Do we need to artificially attempt to increase wages, for example by increasing the minimum wage? No.

A-friggin-men