Someone is getting a raise. It just isn't you
Submitted by gjohnsit on Fri, 05/03/2019 - 4:54pmAs is usual, the headline economic number is always the rosiest number.
As is usual, the headline economic number is always the rosiest number.
I know a lot of you have been concerned about the ability of large corporations to raise prices. Well, thanks to the Trump tax cuts you can stop worrying about the pricing power of multinational corporations.
The US manufacturing job market hasn't been this strong in over 20 years, goes the Business Insider headline from today.
Plus, the picture of Trump in a hardhat.
What has actually happened is a continuation of shitty job creation, rather than the "strong job market" that the news media keeps telling us.
“A Trump administration will stop the jobs from leaving America.”
“We’re just shipping company after company after company is leaving this country and leaving jobs behind, And I’m going to get it stopped.”
My browser has "recommended reading pages" it offers me when I open a new blank tab.
Although I usually ignore these as most of them are blatant attempts to entice one to paywall-restricted contents, I found an article from Business Insider which is apropos to several of gjohnsit's essays as regards the price of labor.
Wall Street is freaking out that workers are being paid too much.
You read that right.
Greedy workers who want to both eat and afford a roof over their heads are the problem with this economy. Workers are shameless. They don't care about the real victims.
The new wage numbers came out today, and they disappointed again.
As Congressional Republicans work hard to cut corporate taxes in order to boost economic growth (which is "totally not a huge giveaway to the wealthy elite and ownership class at the expense of the working class" wink, wink), a new poll came out concerning who still believes in trickle-down economics.
This headline says it all:
U.S. unemployment hits lowest level since 2001
Or does it?
The economy only added 138K jobs added in May, far below the 185K estimate, and below the lowest estimate of 140K.
But that's not a disaster. Just lackluster.
Your wages are going up fast!
Did you know that?
Well, you would have known that if you had read today's headlines.