Average worker's pay has actually risen much faster than average CEO pay
S E E D E D C O N T E N T
The Washington Post recently had an excellent article about how the economy has improved in rural and small communities, and that is certainly not the rich.
Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November's midterm elections.
Jobs in goods-producing industries – mining, construction and manufacturing – grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis.
Recently Kohls, TJ Maxx, Walmart, and others have reported improving sales and earnings. The Target CEO says it is the best consumer environment he has ever seen. Those facts certainly indicate that the economy is being lifted as a whole.
For a nerd who actually does his own research instead of repeating talking points, the Bureau of Labor Statistics page is a favorite site.
The following are numbers from December 2016 at the end of Obama's term, and after that August 2018, 20 months after Trump took office. Why aren't Democrats cheering the good news that indicates that all groups are being lifted up?
|
Total Non-Farm Employment |
145.4 Million |
149.3 Million |
|
Total Private Employment |
123.1 Million |
126.9 Million |
|
Manufacturing employment |
12.4 Million |
12.7 Million |
|
Construction employment |
6.8 Million |
7.3 Million |
|
Part Time Employment |
5.6 Million |
4.4 Million |
|
Unemployment Rate 16-19 years old |
7.9% |
6.3% |
|
Unemployment Rate Hispanics |
5.9% |
4.7% |
|
Unemployment Rate Blacks |
7.9% |
6.3% |
|
Unemp Rate-Less than HS |
7.6% |
5.7% |
|
Unemp Rate HS Graduate |
5.1% |
3.9% |
The Democrats' policy suggestions as a result of all this economic success are the same agenda they have had for decades because results don't matter. They want more government and to head toward socialism. They want government control, more money, and more power. They advocate for guaranteed income, single-payer health care, higher taxes, and more regulations.
It is obvious that capitalism and the private sector are what gives economies the greatest results, the greatest innovation, and the greatest opportunity to be lifted out of poverty and achieve independence. It is truly a shame that the media support those who call themselves progressives but who want to move backward to what gave us the slowest economic recovery in seventy years. Why would anyone in his right mind want that?
On a side note: Since the Washington Post and other dimwits are blaming Trump for Hurricane Florence, are they giving him credit for what appears to be the current weakening of the storm? He seems to have the power to both strengthen and weaken storms at will. That is amazing. I have to wonder why he guided the storm into red states where there are competitive elections coming up instead of just sending the storm to New York, where he doesn't have a chance. I assume that the WaPo gives Obama credit for the lull in hurricanes for almost 12 years.
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