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"These 3 charts show how Trump’s ‘blue collar boom’ is more of a bust for US workers"

By HEYYOU follow HEYYOU   2020 Feb 10, 8:20pm 73 views   2 comments   watch   nsfw   quote   share    


"From December 2016 to September 2019, nominal wages rose 6.79% from $22.83 to $24.38. But after factoring in inflation, average wages barely budged, climbing just 0.42% in the period."

But RepCon MAGA!

https://www.alternet.org/2020/02/these-3-charts-show-how-trumps-blue-collar-boom-is-more-of-a-bust-for-us-workers/
1   AD   ignore (0)   2020 Feb 10, 8:31pm     ↓ dislike (0)   quote   flag        

"At first glance, the latest data – which came out on Feb. 7 – look pretty good. They show nominal hourly earnings rose 3.1% in January from a year earlier."

That's impressive since wages declined relative to inflation during Obama's administration.

Right now government-reported inflation (i.e, CPI) is around 2.1%. So under Trump, wages are growing faster than inflation.
2   APOCALYPSEFUCKisShostikovitch   ignore (49)   2020 Feb 11, 4:30pm     ↓ dislike (0)   quote   flag        

That's right. Housing is free and getting freeer. Medical insurance is nearly free and costs of education are crashing, meaning parents are retiring as soon as their kids learn to walk. If the CPI reflected this, people would be stopping Trump motorcades and begging to blow him, instead of marching by the millions across the street from the White House with signs that say DIE! CUNT! DIE!

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