Average hourly wages realize greatest increase in 10 years

Discussion in 'Economy' started by K9Buck, Mar 18, 2019.

  1. K9Buck
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    K9Buck Gold Member

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    Winning!

    https://www.cnbc.com/2019/03/13/wor...pLM6WoyC_Y20LkDO_W5ohgDmnnAlg3mcbo2VGkfgd2r8s

    "...the benefits to lower-paid workers tend to arise as the labor market gets tighter, according to the Goldman analysis."

    This is why America needs to control the numbers of immigrants who enter our nation in order to help increase the wages of our nation's lowest earners. Americans first.
     
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  2. william the wie
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    william the wie Gold Member

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    That is obvious to all but liberals
     
  3. BlindBoo
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    BlindBoo Gold Member

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    No matter what Trumpybear does, the economy Obama left behind keeps up its' steadily pace.

    Think maybe he deserves a second Nobel Prize?
     
  4. WillHaftawaite
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    WillHaftawaite USMB Mod Staff Member Gold Supporting Member Supporting Member

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    He didn't deserve the first
     
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  5. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    Damn!!!!
    I was just going to post up that liberals will give barry the credit.
    How predictable....
     
  6. BlindBoo
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    BlindBoo Gold Member

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    Yeah sure but the Nobel Prize in Economic, didn't predict that did ya?
     
  7. HereWeGoAgain
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    HereWeGoAgain Diamond Member

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    Wait a minute.
    Are you inferring that barry won the nobel due to economics?
    I already know the answer so blather away.
     
  8. McRocket
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    McRocket Gold Member

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    Winning?

    :auiqs.jpg:

    You do realize the average weekly hours has dropped from a year ago?

    Employment Situation Summary Table B. Establishment data, seasonally adjusted

    So the average weekly earnings is only up 3.1%.

    And consumer debt is at a record high. If Americans are 'winning' so much...how come they are at record debt levels?
    Consumer debt hits $4 trillion — a record high

    And how many more Goods producing jobs were created in February - the core group that Trump promised to help? 32,000 less.


    And let's look at other parts of the economy?

    The DOW dropped in 2018 for the first year since the Great Recession ended, the DOW is still lower then it was last August, Trump promised 4% growth - last year it was under 3% real GDP growth...again, he has provided no infrastructure program (that he promised), he has provided no replacement for Obamacare (that he promised), GDP growth has slowed to a crawl:

    [​IMG]

    Also, Trump is posting giant deficits - he is on pace for over $900 billion in FY2018 and his budget proposal calls for over $900 Billion in FY2109 (even though he promised to balance the budget).

    https://www.fiscal.treasury.gov/files/reports-statements/mts/mts.pdf
    https://www.whitehouse.gov/wp-content/uploads/2018/02/budget-fy2019.pdf Page 119

    And now many at the Fed say growth is likely to slow 'sharply' this year and next...just in time for the elections.
    US economic growth is likely to slow sharply this year and next, according to CNBC's Fed survey

    If that is true, that means his GDP Growth for his term could be lower then Obama's was (after the GR).

    And that is your idea of winning?

    So noted.

    Have a nice day.
     
    Last edited: Mar 19, 2019
  9. Toronado3800
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    Toronado3800 Gold Member

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    Yes and no.

    Consider the statement, low unemployment effectively raises the minimum wage. Is a higher minimum wage great for the economy?
     
  10. K9Buck
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    K9Buck Gold Member

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    Combine a robust, growing economy with a limited number of workers and the market will take care of wages.

    I will add that, to continue growth, immigration is likely needed but, we have to error on the side of the American worker. Otherwise, we flood the job market with foreigners who then replace Americans in the labor force while simultaneously driving down wages. That's Economics 101.
     

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