MAGAnomics continues to roar. The economy continues to be quite healthy. The 2ndquarter wage report is out from the Bureau of Labor Statistics. It shows substantial wage growth (3.7% year over year) while inflation remains quite tame (1.8%). All races are benefitting.
[Source, BLS release Q2 – Table 2]
Remember back during the 2016 campaign how President Obama denigrated the statements made by PDJT about restoring the American economy?
“Those jobs are never coming back.” (referring to manufacturing jobs)
“What’s he going to do, wave a magic wand?” (referring to trade deals)
I guess PDJT is just lucky. After all, he is just a businessman. What does he know about negotiating trade deals and creating jobs?
All of this growth is in spite of the unprecedented inflow of illegals. Without this inflow depressing the lower end of the wages, wage growth would be even greater. Is this another reason that the Democrats won’t help to close the border? They do not want even greater prosperity for AMERICANS?
How about the wage growth for blacks? Black wages increased at twice the rate (6.0%) that white wages did (2.9%). I guess that’s because PDJT is a racist.
Is this why the Democrats and the MSM keep dissembling that the President is racist? Is this why they try to stymie PDJT’s efforts at every turn? They need to keep blacks on the plantation so that they will vote for them to help them win elections. This kind of wage growth for blacks will drive them off the plantation.
It should be noted that the only ethnic group not experiencing growth is Hispanic women. Hispanic women’s wages have flat lined. No doubt because ILLEGALS are under-bidding them! I wonder what that will do to the Hispanic vote in 2020?
Sunbeam over at CTH notes:
With inflation (CPI) averaging 1.8% over the same period this means wages are strongly outpacing inflation and increasing the disposable income of U.S. workers. This data-set, combined with positive consumer sentiment on job and economic security, bolsters the recent report showing “unanticipated” strength in retail sales.
This economy is benefitting Main Street. Main Street was left behind during the Obama administration. Wall Street benefitted, Main Street did not. President Obama and his minions tried to condition the American public to accept the expropriation of American wealth overseas with statements like those above. Do Omar, AOC, Tlaib and Pressley, the new faces of the Democratic Party, want to take us back to the Obama days? Or do they want to install a communist system that will benefit only them and people loyal to them?
Let’s keep America great!