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Thank goodness the economy is moving in the right direction. The US has low unemployment, rising wages, and a robust stock market. If any of these were revers

Thank goodness the economy is moving in the right direction. The US has low unemployment, rising wages, and a robust stock market. If any of these were reversed, things would be different. At least we're on the right trajectory. As some of the posters here note, automation could reduce job prospects in the near years ahead. I'm hoping retiring boomers (including myself) will open enough slots to compensate for this.

einpoklum 7y ago
The rise in wages is very moderate. See here for example: https://seekingalpha.com/article/4280594-median-household-income-in-june-2019 https://seekingalpha.com/article/4280594-median-household-in... Also, this doesn't account for coastal-vs-hinterland areas, which seems to be an issue.
- RickJWagner 7y ago
  The charts show that wages are at record high levels, and are trending in the right direction. I suppose we could hope that the record was set even higher, or that the trend was moving even faster in the right direction? My point is that things really are good. We can always hope for better, but we need to understand that these are good times. (They won't always be so.)
  - bsanr2 7y ago
    What's your personal incentive to believe and spread this falsehood?
    - RickJWagner 7y ago
      Articles like this one give reason to believe wages are increasing, especially at the bottom. Your take on it? https://www.axios.com/wage-increases-workers-2019-high-low-skill-5208fb9f-20c2-486a-b572-fc20737546f3.html https://www.axios.com/wage-increases-workers-2019-high-low-s...
      - bsanr2 7y ago
        That low wage workers have been treading or below water with their wage growth vis a vis inflation and necessity costs (which have risen as much as twice the rate of inflation) for decades now. Things are not "good” just because we may - may! - be at the precipice of a return to sanity. In many respects they are far worse than they've been in quite some time.

einpoklum 7y ago

The rise in wages is very moderate. See here for example: https://seekingalpha.com/article/4280594-median-household-income-in-june-2019 https://seekingalpha.com/article/4280594-median-household-in... Also, this doesn't account for coastal-vs-hinterland areas, which seems to be an issue.

RickJWagner 7y ago
The charts show that wages are at record high levels, and are trending in the right direction. I suppose we could hope that the record was set even higher, or that the trend was moving even faster in the right direction? My point is that things really are good. We can always hope for better, but we need to understand that these are good times. (They won't always be so.)
- bsanr2 7y ago
  What's your personal incentive to believe and spread this falsehood?
  - RickJWagner 7y ago
    Articles like this one give reason to believe wages are increasing, especially at the bottom. Your take on it? https://www.axios.com/wage-increases-workers-2019-high-low-skill-5208fb9f-20c2-486a-b572-fc20737546f3.html https://www.axios.com/wage-increases-workers-2019-high-low-s...
    - bsanr2 7y ago
      That low wage workers have been treading or below water with their wage growth vis a vis inflation and necessity costs (which have risen as much as twice the rate of inflation) for decades now. Things are not "good” just because we may - may! - be at the precipice of a return to sanity. In many respects they are far worse than they've been in quite some time.