Fri Jun 22, 2018, 11:36 PM
TomCADem (16,332 posts)
WaPo - For the biggest group of American workers, wages aren't just flat. They're falling.
For all the Fox News happy talk about the Trump economy, the ugly truth is that just as real wages started to go back up under President Obama, they have not only stagnated, but for some groups, real wages have gone down under Trump.
https://www.washingtonpost.com/news/wonk/wp/2018/06/15/for-the-biggest-group-of-american-workers-wages-arent-just-flat-theyre-falling/?noredirect=on&utm_term=.7d3130e6caf0 The average hourly wage paid to a key group of American workers has fallen from last year when accounting for inflation, as an economy that appears strong by several measures continues to fail to create bigger paychecks, the federal government said Tuesday.
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15 replies, 1863 views
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Author | Time | Post |
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TomCADem | Jun 2018 | OP |
SCRUBDASHRUB | Jun 2018 | #1 | |
Anon-C | Jun 2018 | #2 | |
peggysue2 | Jun 2018 | #3 | |
BigmanPigman | Jun 2018 | #4 | |
TomCADem | Jun 2018 | #11 | |
BigmanPigman | Jun 2018 | #12 | |
TomCADem | Jun 2018 | #13 | |
BigmanPigman | Jun 2018 | #14 | |
smirkymonkey | Jun 2018 | #5 | |
TalenaGor | Jun 2018 | #6 | |
TheFrenchRazor | Jun 2018 | #8 | |
TalenaGor | Jun 2018 | #9 | |
TheFrenchRazor | Jun 2018 | #7 | |
TomCADem | Jun 2018 | #10 | |
UTUSN | Jun 2018 | #15 |
Response to TomCADem (Original post)
Sat Jun 23, 2018, 12:04 AM
SCRUBDASHRUB (7,232 posts)
1. I own a small woman-owned marketing consulting firm.
I started my company at the end of 2011. Business was doing much better under Obama. It's harder to sign clients now and to get some existing ones to pay on time. Despite doing good work, some are now trying to get multiple quotes instead of renewing contracts as well.
Very frustrating. I don't think it's just me. |
Response to TomCADem (Original post)
Anon-C This message was self-deleted by its author.
Response to TomCADem (Original post)
Sat Jun 23, 2018, 12:10 AM
peggysue2 (7,457 posts)
3. So much . . .
Winning! And as it turns out those states that the Trumpster rang up his fantastic
![]() So sad. |
Response to TomCADem (Original post)
Sat Jun 23, 2018, 12:40 AM
BigmanPigman (40,289 posts)
4. When will the deplorables realize this will effect them in their own pocketbooks?
Maybe when they add up the increases in their healthcare due to the ACA cuts, the tax scam benefits the rich, and the tariffs will make them earn less but pay more they will finally vote Dem.
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Response to BigmanPigman (Reply #4)
Mon Jun 25, 2018, 11:26 AM
TomCADem (16,332 posts)
11. Maybe They Willingly Pay this Racism Premium
This the tax some white voters would gladly pay to have their racism validated.
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Response to TomCADem (Reply #11)
Mon Jun 25, 2018, 12:49 PM
BigmanPigman (40,289 posts)
12. That is an interesting idea.
Add up all the costs that they end up paying due to their GOP vote as opposed to Dem votes. If a bill for each constituent had an attached bill on their ballot and they had to pay it in order to cast their vote that might sway a few of the "put your money where your moth is" group.
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Response to BigmanPigman (Reply #12)
Mon Jun 25, 2018, 09:24 PM
TomCADem (16,332 posts)
13. Lyndon Johnson Made This Observation in the 1960s...
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Response to TomCADem (Reply #13)
Mon Jun 25, 2018, 09:53 PM
BigmanPigman (40,289 posts)
14. Sage words!
Response to TomCADem (Original post)
Sat Jun 23, 2018, 02:09 AM
TalenaGor (1,002 posts)
6. baby boomers can't retire
My coworker....has a terminal lung disease....he's 65 and works wearing oxygen.... 😟
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Response to TalenaGor (Reply #6)
Sat Jun 23, 2018, 02:13 AM
TheFrenchRazor (2,116 posts)
8. can't he get disability? nt
Response to TheFrenchRazor (Reply #8)
Sat Jun 23, 2018, 10:52 AM
TalenaGor (1,002 posts)
9. it's only 60% of his income so he's trying to figure it out
Response to TomCADem (Original post)
Sat Jun 23, 2018, 02:12 AM
TheFrenchRazor (2,116 posts)
7. this has been going on for decades. don't know why people keep acting like this is news. nt
Response to TheFrenchRazor (Reply #7)
Sat Jun 23, 2018, 10:57 AM
TomCADem (16,332 posts)
10. Stagnation is different from decline
If wages are flat in low inflation environment, then you just aren’T moving forward. However, flat wages in an inflationary environment means you are poorer, not just running in place, which is amazing given all the hype about the Trump economy on Fox News.
With Obama, the complaint was stagnation with real wage increases only happening on the tail end of his Presidency, which is likely attributable to the Great Recession. |