However...
"Pay growth has stalled over the past 10 years, dropping from a 4.2 percent year-over-year boost in March 2007 to last month’s dismal 2.3 percent. Economists blame the stagnation on the waning power of unions and the proliferation of lower-paid jobs (such as elder care roles) as the number of better compensated positions (such as factory work) has declined."
https://www.msn.com/en-us/money/careersandeducation/52-and-making-dollar28000-a-year-the-‘roaring’-economy-is-still-failing-part-time-workers/ar-BBEHESA?li=BBmkt5R&ocid=spartandhp
Let us not forget who started the 2008 Mortgage Crises. Lest you need reminding it was Bill Clinton and his desire to make homeownership and American right rather than a privilege, along with Alan Greenspan's complicity with low interests rates. Ironic how two bubble sectors, housing and college education, prevent people from getting ahead. If only those same people would stop 'feeding the beast' and that is, stop buying cheaply-made Chinese $hit at Walmart and from Amazon. But to the point of the article, at least people are off the public dole and working, even if it is two or more PT jobs.
Folks, the Balance of Trade and the Balance of Payments matter. Until we bring manufacturing back the death spiral continues. When it comes to job creation manufacturing has a multiplier effect. Just ask the good folks in Erie with regard to GE Locomotive.
Look, we are effectively at war with China. For what is the economy but an extension of a nation's War Powers Act. Just like diplomacy. Kindly remember that the next time you're watching Shark Tank and a Shark asks a contestant, "Why aren't you making this in China?"
I'll get off my soapbox now but don't even get me started on the GOP tax plan, for it appears Trump has failed us. I thank you and have a blessed day.
"Pay growth has stalled over the past 10 years, dropping from a 4.2 percent year-over-year boost in March 2007 to last month’s dismal 2.3 percent. Economists blame the stagnation on the waning power of unions and the proliferation of lower-paid jobs (such as elder care roles) as the number of better compensated positions (such as factory work) has declined."
https://www.msn.com/en-us/money/careersandeducation/52-and-making-dollar28000-a-year-the-‘roaring’-economy-is-still-failing-part-time-workers/ar-BBEHESA?li=BBmkt5R&ocid=spartandhp
Let us not forget who started the 2008 Mortgage Crises. Lest you need reminding it was Bill Clinton and his desire to make homeownership and American right rather than a privilege, along with Alan Greenspan's complicity with low interests rates. Ironic how two bubble sectors, housing and college education, prevent people from getting ahead. If only those same people would stop 'feeding the beast' and that is, stop buying cheaply-made Chinese $hit at Walmart and from Amazon. But to the point of the article, at least people are off the public dole and working, even if it is two or more PT jobs.
Folks, the Balance of Trade and the Balance of Payments matter. Until we bring manufacturing back the death spiral continues. When it comes to job creation manufacturing has a multiplier effect. Just ask the good folks in Erie with regard to GE Locomotive.
Look, we are effectively at war with China. For what is the economy but an extension of a nation's War Powers Act. Just like diplomacy. Kindly remember that the next time you're watching Shark Tank and a Shark asks a contestant, "Why aren't you making this in China?"
I'll get off my soapbox now but don't even get me started on the GOP tax plan, for it appears Trump has failed us. I thank you and have a blessed day.
