Good Policy Matters: U.S. Wage Growth Is Soaring — Fastest At The Low End

Discussion in 'Economy' started by The Purge, Dec 30, 2019.

  1. The Purge
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    The Purge Gold Member

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    Good policies result in good outcomes. And bad policies lead directly to bad outcomes.

    So, Obamacare and attendant taxes and penalties as policies were a disaster, and the results of it were terrible for healthcare costs and a wreck for the economy, which saw the slowest recovery after a recession ever in history and general malaise over the American public. And is normally the case with progressive policies, those hurt the most were the ones supposedly meant to be helped.

    On the other side, tax cuts and deregulation are good policies and, ipso facto, they are being great for the economy, businesses, the unemployment rate and wages. Yes, wages. An area where Democrats and progressives lecture us unceasingly about how the rich are the only ones benefiting from Trump tax cuts and the little guy is getting crushed while the middle class is shrinking. This is a talking point in every Democratic debate.

    Read MUCH MORE at. The Revolutionary Act ^ | 12/30/19

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    When wages grow at the high end, the MSM claims that "the economy is helping only the rich" and "trickle-down economics is shown once again to be a failure."

    When wages grow at the low end, the MSM claims that the economy is creating only "hamburger-flipper jobs."

    In both cases, they claim that "inflation is right around the corner."

    That is — of course — if a Republican is President.

    If these things happen under a Democrat president (which pretty much is impossible) he's declared the savior of the world and an economic genius who has "abolished the business cycle."
     
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  2. Maxdeath
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    Maxdeath Gold Member

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    The good thing is it doesn't create inflation which eats up the wage increase. Compare that to the inflation causing artificial raising of minimum wage. Where inflation eats up the wage increase.
     
  3. Penelope
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    Penelope Diamond Member

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    Reprinted from The Wall Street Journal by Eric Morath and Jeffrey Sparshott on December 27, 2019.

    Wages for rank-and-file workers are rising at the quickest pace in more than a decade, even faster than for bosses, a sign that the labor market has tightened sufficiently to convey bigger increases to lower-paid employees.

    Gains for those workers have accelerated much of this year, a time when the unemployment rate fell to a half-century low. A short supply of workers, increased poaching and minimum-wage increases have helped those nearer to the bottom of the pay scale.

    Pay for the bottom 25% of wage earners rose 4.5% in November from a year earlier, according to the Federal Reserve Bank of Atlanta. Wages for the top 25% of earners rose 2.9%. Similarly, the Atlanta Fed found wages for low-skilled workers have accelerated since early 2018, and last month matched the pace of high-skill workers for the first time since 2010. …
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    due to companies finding help is the only reason.
    Just last month:
    and last month matched the pace of high-skill workers for the first time since 2010. …(article wrote in Dec 2019)

    due to inflation are they any better off??
     
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  4. The Purge
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    The Purge Gold Member

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    No doubt, your mental disorder thinks we are in 2009!

    The current inflation rate was 0.3% in Nov. 2019 according to the Consumer Price Index Summary

    I suggest you WATCH these threads and stop making yourself look absolutely dumber than you are... if possible!
     
  5. Penelope
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    Penelope Diamond Member

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    The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.3 percent in November on a seasonally adjusted basis, after rising 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment.
    Increases in the shelter and energy indexes were major factors in the seasonally adjusted monthly increase of the all items index. Increases in the indexes for medical care, for recreation, and for food also contributed to the overall increase. The gasoline index rose 1.1 percent in November and the other major energy component indexes also increased. The food index rose 0.1 percent, with the indexes for both food at home and food away from home increasing over the month.
    The index for all items less food and energy rose 0.2 percent in November, the same increase as in October. Along with the indexes for shelter, for medical care, and for recreation, the indexes for used cars and trucks and for apparel also rose in November. The new vehicles index fell in November, as did the index for airline fares.
    The all items index increased 2.1 percent for the 12 months ending November, a larger rise than the 1.8- percent increase for the period ending October. The index for all items less food and energy rose 2.3 percent over the last 12 months. The food index rose 2.0 percent over the last l2 months, while the energy index declined 0.6 percent over the last year.
    https://www.bls.gov/news.release/pdf/cpi.pdf
     
    Last edited: Dec 30, 2019
  6. The Purge
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    The Purge Gold Member

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    And...what is the difference!
     

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