All the morning economic news is good. The markets should be rallying, but I read they are poised to drop below 26,000. The pundits say the decline is the result of signals by the Fed that they are going to raise interest rates, but those signals were given early in the week and the market responded to them already. I am not so sure the market isnāt sensing a coming constitutional crisis.
Yup. I was thinking the same thing at the beginning of this week.
Iād like to know what country this article is about. Itās not the one Iām living in.
Cooked up statistics. Par for the course for these liars.
So decent but nothing out of the ordinary. per the graph here;
And wage increase probably due to being first of the year when a lot of companies normally give yearly increases and the the tax cut, that hasnāt actually happened yet, but that gave rise to a few companies making a big deal about one time bonuses and claims they were going to give raises because of it. Although I read somewhere most of the companies that gave the bonus were already doing well and probably could have given the bonuses without any change in tax rates.
So, seems like much to do about almost nothing to meā¦
Agreed. I read or heard (NPR?) last week that a staggering number of working Americans are now self-employed. Businesses in this country are simply not hiring, and many large industries are continuing to off-shore their manufacturing jobs. Yes, a few very large corporations are offering their employees token bonuses as symbolic approval of T rumpās tax scam, but they would not be enjoying their current economic gains without the benefit of the previous 8 years of economic stability created by, yes, OBAMA! Iām also witnessing a very large number of people around me working multiple jobs to compensate for the career jobs theyāve lost, meaning that retirement savings is 100% on them, and is not a shared responsibility with any employer. Throw in the fact that a growing number of American workers are now grossly overqualified for the jobs they hold and this current economy looks more and more like an oligarchy. 100% according to aRyanās plan.
Itās really quite sad and pathetic it Donalds seeming need for praise to the point of blatantly lying about things that are so easy to disprove. He is really just fucked in the head.
And he bragged about Melania doing this cheesy commercial!
https://www.rawstory.com/2018/02/watch-melania-trump-duck-walk-strange-insurance-ad/
Businesses in this country are simply not hiring, and many large industries are continuing to off-shore their manufacturing jobs.
Absolutely on the mark. Thereās a LOT of slack in the labor market and has been ever since 2010. Young people and older people seem to be taking it full force. At some point (if it hasnāt happened already), older people who were desperately relying on some kind of retirement savings are going to find themselves with pennies on the dollar in their 401(k)'s.
That is, if they even had one.
Flip side:
-Comcast Fired Hundreds of Workers Before Christmas Alongside Pledge to Give $1,000 āTrump Tax Cutā Bonuses: http://www.newsweek.com/comcast-fired-500-workers-christmas-after-pledging-give-employees-1000-bonuses-771789
-Wal-Mart has announced thousands of layoffs since publicizing bonuses and benefits expansion
-AT&T, touting bonuses and investment fueled by tax reform, quietly lays off thousands
-Carrier Employees, Soon to Be Laid Off, Feel Betrayed by Donald Trump
-Mine closing wipes out many of Trumpās coal job gains
-Sears is laying off 220 employees from corporate offices
-The maker of Huggies and Kleenex is firing up to 5,500 workers ā and itās using Trump tax cuts to pay for the layoffs: http://www.businessinsider.com/kimberly-clark-pays-for-layoffs-with-trump-tax-cuts-2018-1
These Companies Started Laying Off Employees Right After Taking Trumpās Tax Cuts:
-Pfizer
-Microsoft
-Tenet Healthcare
-Schneider Electric
-Coca Cola
-Dunkinā Donuts
Why donāt Democrats run on economic issues? Why donāt Democrats talk about the vast gulf between the 1% and the rest of us? The 1% took 82% of wealth last year. Oh, the Wall St contributions and the moderates at the DNCā¦I get it.
Iām certainly no economist, but couldnāt that nine-cent average wage hike be partially attributed to all the states raising their minimum wages?
I think you are right on, and I think you are right about Wall Street contributions. Both the Republican party and the Democratic party find their hands tied by their billionaire donors, and donāt be mislead both parties have them. The Republican donors seem to be centered in the energy business and the Democratic donors seem to be clustered around Wall Street. Those donors have more in common with each other than they do with the base of their own party.
The politicians are loath do anything that might impact the stream of money flowing to buy TV ads. As a result the only thing Republicans have been able to accomplish this year is tax relief. I have no doubt Democrats were winking and nodding at Republicans when they passed the bill. They got a free ride because their donors benefited as well.
Why donāt Democrats run on economic issues?
Because framing those issues to present to the public and have them understand them is very very difficult. How do you frame those issues without getting bogged down in details? The gulf between the 1% and the rest of the country gets lost in the GOP propaganda machine that has been churning out BS for 4 decades. There are people who still believe that trickle down economics work and that companies that make a profit share them with their employees.
The national numbers are as reasonably accurate as they have always been, which is to say, in the right ball park. What is different today than perhaps a decade ago, is the growth is very regional. Places like Seattle, Denver, San Fran/San Jose are booming while other regions are dead flat to declining. Another modest distortion in the āaverage wage growthā is it is being slowly dragged upwards by the top 10%, who are making significantly more than a year ago. MEDIAN wage growth would be a much better measure. I would love to see how much of the wage growth for January was pushed by the automatic jumps in minimum wage vs. actual increases in wages and salaries.
I think weāre getting pretty near āfullā employment numbers.
A recent article indicated that 2/3s of new jobs were icreated in areas that voted for Hilary. Urban blue areas. Cannot remember the source. NPR perhaps?
Yes, but too many of those jobs are low wage.
Thatās right - and has been for a long timeā¦
Also as to this from the story: āThe pickup in hourly wages, along with a recent uptick in inflation, may make it more likely that the Federal Reserve will raise short-term interest rates more quickly in the coming months.ā
Well, well, here we go again - isnāt this a familiar story? Once the rich and the corporations have gotten their tax cuts, and there might finally be a rise in wages that goes beyond a pittanceā¦the alarms go off and interest rates have to rise. I can remember this since the Reagan years - talk of ātaking away the punch bowlā, ācooling off a super-heated economyā, etc - but only when wages might go up.
Yiks. I spent the morning looking at medicare supplement plans and had not checked the Dow untill now. Nearly 300 pts is a good size drop. For a year the market has not been reacting to Trumps craziness. It sure looks like it may be now.