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> the net trend for everyone is upwards. Not true. Unemployment is low at the peak of the longest bull run in history, sure. The problem is wage growth is stat
by ng12 8y ago
> the net trend for everyone is upwards.
Not true. Unemployment is low at the peak of the longest bull run in history, sure. The problem is wage growth is static, or even dropping: http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ http://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-...
- ineedasername 8y agoYou're picking one metric out of many, that is too simple to represent the entire system. The gestalt is positive. Stagnant wage growth is only a piece of the picture: with so many people employed it's still a net increase in the national payroll. Stagnant wages are a problem, it mean a lot of the benefits of the bull economy are probably not being distributed very equitably, but that by itself does not represent the trend.