Axios: The “Mystery” of Sluggish Wages
First, a round of self congratulation: The GDP and The DOW have grown and Goldilocks is doing wonderful for the top 1% of society.
The last time the unemployment rate was this low we were about to land for the first time on the moon!
Happy April #JobsReport and #NationalSpaceDay America! ?? pic.twitter.com/qGPa0MgRBt
— Ivanka Trump (@IvankaTrump) May 3, 2019
— Chowkidar Aman_Tripathi ?? (@anshulblp1996) May 4, 2019
We’re killing it on the economy! ? pic.twitter.com/hme0eihP9c
— The White House (@WhiteHouse) May 3, 2019
The @JoeBiden economy:
2009 Real GDP Growth: 0.2%
2010: 2.6%
2011: 1.6%
2012: 1.5%
2013: 2.6%
2014: 2.7%
2015: 2.0%
2016: 1.9%The @realDonaldTrump Economy:
2017: 2.5%
2018: 3.1%
2019 (thus far): 3.2%Who do you think is better for the economy?
?
— Charlie Kirk (@charliekirk11) May 4, 2019
Yeah, no one has any idea why it is happening:
“The U.S. economy is confounding: Three months from the longest expansion since such data began being tracked 170 years ago, the economy keeps pumping out strong job growth, and has now pushed down unemployment to a 50-year low.
Yes but: It is delivering only middling wage growth,lower for instance than the last expansion in the 2000s. That has been an enduring mystery, especially amid month after month of ultra-low jobless figures over the last year. …”
I feel the solution is more conservative and lolbertarian economics. I believe we need even more neo-liberal globalism: evisceration of unions, deregulation, tax cuts, free-trade, women entering the workforce, billionaires like the Koch Brothers buying our elections for all that “growth” can get sucked up by our bloated oligarchy
Source: http://www.occidentaldissent.com/2019/05/04/axios-the-mystery-of-sluggish-wages/
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