well yes, most of this recovery started under the obama admin, most growth has been more or less straight line since 09 or so
and with inflation rising steadily under 45, i suspect real wage growth is pretty much stagnant despite the above news.....don't have time to look it up right now.......but between gas & grocery prices alone i'm worse off than i was a few years ago, that i know
@tim_s said:
well yes, most of this recovery started under the obama admin, most growth has been more or less straight line since 09 or so
and with inflation rising steadily under 45, i suspect real wage growth is pretty much stagnant despite the above news.....don't have time to look it up right now.......but between gas & grocery prices alone i'm worse off than i was a few years ago, that i know
Totally agree about the inflation. But stagnant is still better than a loss.
@tim_s said:
well yes, most of this recovery started under the obama admin, most growth has been more or less straight line since 09 or so
and with inflation rising steadily under 45, i suspect real wage growth is pretty much stagnant despite the above news.....don't have time to look it up right now.......but between gas & grocery prices alone i'm worse off than i was a few years ago, that i know
What's a few years ago? Gas prices were at their highest from 2011-2014. It was a $100 bill a week to fill my truck at that time. Now it's about $50/week. So how are you worse off?
I don't know about groceries. "She" takes care of that and has consistently spent $125-$150 for groceries every 2 weeks for the past 10+ years.
Since we seem to be averse to stats in this thread, I'll just say that my own anecdotal data is that the labor market is tight, tight, tight. I'm having trouble filling positions. And we pay well for a county agency.
i've seen articles say wages & salaries.....i have not seen a single one that has said real wages? can you confirm with a link? (serious request, not a smart **** internet fight request)
i'm seeing an article a week old that list real earnings as up 1.1% from 9/17 to 9/18, with a 2.3% increase in CPI......with the 3.1% claimed for the year ending 10/18, the math would more or less make sense that the 3.1% is NOT adjusted?
because it would be drastic to see real earnings increase 1.1% 9/17 to 9/18 and then jump to 3.1% 10/17 to 10/18, unless i am missing something?
This is nominal. Inflation has been running around 2% for awhile now. Wage increases are ahead of inflation. I certainly wouldn't say inflation is steadily rising under Trump. It's been quite steady.
George, this is measured quarter over year ago quarter.
To Joe's point, gas is up from its lows but still well below its highs.
When adjusted for inflation, wage increases were higher in 2015 and 2016 than they are now, according to the Employment Cost Index. In those years wages were only growing in a range of 2 percent to 2.5 percent a year, but inflation remained low.
President Donald Trump has taken credit for the strong economy and frequently likes to tout low unemployment and solid job growth when he is on the campaign trail ahead of the midterm elections. Economists say his policies deserve some credit for triggering faster growth, but unemployment has been falling steadily for eight years and wages have been inching higher.
'I've spoken of the Shining City all my political life. …In my mind it was a tall, proud city built on rocks stronger than oceans, windswept, God-blessed, and teeming with people of all kinds living in harmony and peace; a city with free ports that hummed with commerce and creativity. And if there had to be city walls, the walls had doors and the doors were open to anyone with the will and the heart to get here. That's how I saw it, and see it still.'" Ronald Reagan
Replies
adjusted for inflation?
Thanks Obama
well yes, most of this recovery started under the obama admin, most growth has been more or less straight line since 09 or so
and with inflation rising steadily under 45, i suspect real wage growth is pretty much stagnant despite the above news.....don't have time to look it up right now.......but between gas & grocery prices alone i'm worse off than i was a few years ago, that i know
The dems plan looks awesome. For republicans.
https://www.forbes.com/sites/ryanellis/2018/03/09/democrats-release-tax-hike-plan/?fbclid=IwAR2pPZDfTSWtiq8_XNjeur2wG59RQO0jQjntxN-md3KyupxHnxOBOS5v61Y#191147537b9e
Totally agree about the inflation. But stagnant is still better than a loss.
What's a few years ago? Gas prices were at their highest from 2011-2014. It was a $100 bill a week to fill my truck at that time. Now it's about $50/week. So how are you worse off?
I don't know about groceries. "She" takes care of that and has consistently spent $125-$150 for groceries every 2 weeks for the past 10+ years.
Of course its adjusted for inflation.
Since we seem to be averse to stats in this thread, I'll just say that my own anecdotal data is that the labor market is tight, tight, tight. I'm having trouble filling positions. And we pay well for a county agency.
For the quarter or annualized rate?
of course it is adjusted?
i've seen articles say wages & salaries.....i have not seen a single one that has said real wages? can you confirm with a link? (serious request, not a smart **** internet fight request)
i'm seeing an article a week old that list real earnings as up 1.1% from 9/17 to 9/18, with a 2.3% increase in CPI......with the 3.1% claimed for the year ending 10/18, the math would more or less make sense that the 3.1% is NOT adjusted?
because it would be drastic to see real earnings increase 1.1% 9/17 to 9/18 and then jump to 3.1% 10/17 to 10/18, unless i am missing something?
https://www.bls.gov/opub/ted/consumer-price-index.htm
This is nominal. Inflation has been running around 2% for awhile now. Wage increases are ahead of inflation. I certainly wouldn't say inflation is steadily rising under Trump. It's been quite steady.
George, this is measured quarter over year ago quarter.
To Joe's point, gas is up from its lows but still well below its highs.
FYI, six of the ten tightest labor markets in the country are in Iowa. Ames, IA has like a 1% unemployment rate.
well who in the hell wants to live in iowa
Nice people.
Ya mean......They built it......and they didn't come??
COSTNER!!!!!
I haven't been there yet. The wife isn't interested.
When hextall visits, maybe we'll go.
Edit to add: Canadians aren't nice enough to live in Iowa.
Haha - Anyone who's been to NE.
https://www.columbian.com/news/2018/oct/31/u-s-sees-fastest-wage-increase-in-a-decade/
When adjusted for inflation, wage increases were higher in 2015 and 2016 than they are now, according to the Employment Cost Index. In those years wages were only growing in a range of 2 percent to 2.5 percent a year, but inflation remained low.
President Donald Trump has taken credit for the strong economy and frequently likes to tout low unemployment and solid job growth when he is on the campaign trail ahead of the midterm elections. Economists say his policies deserve some credit for triggering faster growth, but unemployment has been falling steadily for eight years and wages have been inching higher.
Aah---we're hurt
Capitalism at work baby!!!
Another 250,000 jobs added in October.
^This!