4 ms·

And it’s not just unemployment that’s down. Latest numbers are showing an uptick in actual wages. Combine that with people taking a look at their pay stubs and

by koolba 8y ago

And it’s not just unemployment that’s down. Latest numbers are showing an uptick in actual wages. Combine that with people taking a look at their pay stubs and you’ve got a recipe for succcess in 2020.

prolikewh0a 8y ago
Can you provide evidence that real inflation adjusted wages are going up? It's my understanding that wages for the bottom 60% of the country have fallen or stagnated since the 70's and have only gone up in terms of non-inflation adjusted, or have actually gone down. The wealthy/elite classes are doing absolutely fantastic under Trump though, and are getting tax cuts and wage increases. Those don't represent America, though. Edit: Simple Google search shows my thoughts to be true [1]. Wages aren't rising quicker than inflation/cost of living, so saying wages are increasing or are "up" is a bit inaccurate. https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-wage-growth-is-actually-falling/#11c2a8587284 https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-...
- koolba 8y ago
  Well there is this report from yesterday: https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3... A 3.1% jump in wages should beat inflation at least for this year.
  - prolikewh0a 8y ago
    Less than 0.5% increase then. Not too great! Does this also take into account wage increases of the top 10%? If so, that article would be wildly misleading.
- DFHippie 8y ago
  They're up a fraction of a percent after adjusting for inflation. Here's where I get that figure: https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-workers-getting-anemic-0-4-raise/ https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-...
creaghpatr 8y ago
Plus boosting the standard deduction is giving middle class people a few extra thousand a year, many will simply endure the rhetoric for the payout.
- dragonwriter 8y ago
  > Plus boosting the standard deduction is giving middle class people a few extra thousand a year No, it isn't, if you use the common sense of “middle class” to mean “middle income”, rather than the classical “petit bourgeoisie”. The change is less than $6000 in the standard deduction, so even if “a few” means only 2, you'd need over a 33% federal marginal tax rate to get a few thousand from it, which requires an income after the standard deduction of $200,000+.
zimablue 8y ago
He did it by exploding the deficit (bunker busting tax cuts). Basically taking money from America's children to give to America's adults, who are too miseducated to realise.
- refurb 8y ago
  The deficit is far lower than 2009-2012.[1] I love American politics where if your own party does something, you praise it, but if the other part does the same thing, you demonize it. [1]https://www.thebalance.com/us-deficit-by-year-3306306 https://www.thebalance.com/us-deficit-by-year-3306306
  - zimablue 8y ago
    You're comparing it to the middle of an enormous economic crash, and even then relying on an estimate of 4% which is high outside of an economic crisis/recession. Let's wait until the tax cuts have kicked in for a couple of years and then count it, but even by the estimates on the link you provided it's spending as if you're in an economic meltdown when you're not, and high by historical standards.
    - refurb 8y ago
      If debt is bad, then it doesn’t really matter how it came about, were still “screwed”.

by koolba 8y ago

prolikewh0a 8y ago

Can you provide evidence that real inflation adjusted wages are going up? It's my understanding that wages for the bottom 60% of the country have fallen or stagnated since the 70's and have only gone up in terms of non-inflation adjusted, or have actually gone down. The wealthy/elite classes are doing absolutely fantastic under Trump though, and are getting tax cuts and wage increases. Those don't represent America, though. Edit: Simple Google search shows my thoughts to be true [1]. Wages aren't rising quicker than inflation/cost of living, so saying wages are increasing or are "up" is a bit inaccurate. https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-wage-growth-is-actually-falling/#11c2a8587284 https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-...

koolba 8y ago
Well there is this report from yesterday: https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3point1percent-highest-level-in-a-decade.html https://www.cnbc.com/2018/10/31/wages-and-salaries-jump-by-3... A 3.1% jump in wages should beat inflation at least for this year.
- prolikewh0a 8y ago
  Less than 0.5% increase then. Not too great! Does this also take into account wage increases of the top 10%? If so, that article would be wildly misleading.
DFHippie 8y ago
They're up a fraction of a percent after adjusting for inflation. Here's where I get that figure: https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-workers-getting-anemic-0-4-raise/ https://www.motherjones.com/kevin-drum/2018/10/q3-ends-with-...

creaghpatr 8y ago

Plus boosting the standard deduction is giving middle class people a few extra thousand a year, many will simply endure the rhetoric for the payout.

dragonwriter 8y ago
> Plus boosting the standard deduction is giving middle class people a few extra thousand a year No, it isn't, if you use the common sense of “middle class” to mean “middle income”, rather than the classical “petit bourgeoisie”. The change is less than $6000 in the standard deduction, so even if “a few” means only 2, you'd need over a 33% federal marginal tax rate to get a few thousand from it, which requires an income after the standard deduction of $200,000+.

zimablue 8y ago

He did it by exploding the deficit (bunker busting tax cuts). Basically taking money from America's children to give to America's adults, who are too miseducated to realise.

refurb 8y ago
The deficit is far lower than 2009-2012.[1] I love American politics where if your own party does something, you praise it, but if the other part does the same thing, you demonize it. [1]https://www.thebalance.com/us-deficit-by-year-3306306 https://www.thebalance.com/us-deficit-by-year-3306306
- zimablue 8y ago
  You're comparing it to the middle of an enormous economic crash, and even then relying on an estimate of 4% which is high outside of an economic crisis/recession. Let's wait until the tax cuts have kicked in for a couple of years and then count it, but even by the estimates on the link you provided it's spending as if you're in an economic meltdown when you're not, and high by historical standards.
  - refurb 8y ago
    If debt is bad, then it doesn’t really matter how it came about, were still “screwed”.