Summary:
About that Trump wage boom Over last weekend, I read a bunch of notes which indicated that Trump was claiming credit for a boom in wage growth. Let’s take a look: THIS is a wage boom: In the 1960s, real wages grew by almost 9% over 7 years, an average of 1.3% per year. THIS is also a wage boom: In the late 1990s, real wages grew by just over 9% in 7 years, again averaging 1.3% per year. This is NOT a wage boom: During the first year of Trump’s term, real wages grew by 0.6%. This is less than half of the rate of a real wage boom.
Topics:
NewDealdemocrat considers the following as important: politics, US/Global Economics
This could be interesting, too:
About that Trump wage boom Over last weekend, I read a bunch of notes which indicated that Trump was claiming credit for a boom in wage growth. Let’s take a look: THIS is a wage boom: In the 1960s, real wages grew by almost 9% over 7 years, an average of 1.3% per year. THIS is also a wage boom: In the late 1990s, real wages grew by just over 9% in 7 years, again averaging 1.3% per year. This is NOT a wage boom: During the first year of Trump’s term, real wages grew by 0.6%. This is less than half of the rate of a real wage boom.
Topics:
NewDealdemocrat considers the following as important: politics, US/Global Economics
This could be interesting, too:
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About that Trump wage boom
Over last weekend, I read a bunch of notes which indicated that Trump was claiming credit for a boom in wage growth.
Let’s take a look:
THIS is a wage boom:
In the 1960s, real wages grew by almost 9% over 7 years, an average of 1.3% per year.
THIS is also a wage boom:
In the late 1990s, real wages grew by just over 9% in 7 years, again averaging 1.3% per year.
This is NOT a wage boom:
During the first year of Trump’s term, real wages grew by 0.6%. This is less than half of the rate of a real wage boom.