There are many different segments of the "economy". Tell me which segment of "the economy under trumpy is the best it's ever been"? Now, don't confuse the stock market with the real economy. It is a r****d game.
Now tell me which segment of the economy is booming for the average working class stiff.
Are wages up significantly? Nope. How about employment. It is up but only slightly. 3.8% unemployment is misleading at best. To get a real perspective of the jobs market look at the employment participation rate for those of working age. It is on the rise again (62.7% to 62.8%). When it rises the unemployment rate decreases because more people quit l;ooking for work. How many working class people are working 2 jobs just to make ends meet? Wages are still stagnant and the purchasing power of the dollar keeps falling due to inflation.
Real average hourly earnings for all employees increased 0.1 percent from May to June. Why because workers are working slightly more hours and the false CPI number was only .1%. (full report:
http://www.bls.gov/news.release/realer.nr0.htm ). actually the REAL rate of inflation (gas, food, housing, etc) for the average workers has averaged upwards of 10% for the past few years.
Just to have the same purchasing power that the minimum wage of $1.60/hour in 1968 had, the minimum today needs to be around $10.50/hour when adjusted for inflation.
Now if one is in the top 10% he is not really affected by all this. And most that are in the 10% don't give a s**t about those that are struggling even though they are working. They blame it on them being lazy or too stupid or both to help themselves. By God, I got mine, you can get yours. Right!
But if one is in the bottom 60% it means that the majority are still struggling just to make ends meet.
60% of US huseholds could not cover a $1000 emergency. 34% of US household have no savings at all.
So, don't tell me how good trumpy's economy is. Because for the vast majority of Americans are still struggling with low wages and few hours.
BTW, don't accuse me of whining, because I am not. I am retired, have no debt. although I am far from wealthy I can and do live comfortably.
But I do care about those less fortunate than I, unlike most wealthy assholes.
Maybe I wasted your time but I bet many here on OPP will agree with me.
There are many different segments of the "eco... (