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wvu2007

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Jan 2, 2013
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https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html

Pay gains during Trump's first year in office best since the Great Recession
  • The Employment Cost Index, a measure of salary and benefit costs, registered a 2.6 percent gain for the full year, tied for the best since 2007.
  • That gives President Donald Trump the best wage gains since the Great Recession, easily topping any during former President Barack Obama's entire term.
 
atlkvb

atlkvb

All-American
Jul 9, 2004
82,424
5,996
113
wvu2007 said:
https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html

Pay gains during Trump's first year in office best since the Great Recession
  • The Employment Cost Index, a measure of salary and benefit costs, registered a 2.6 percent gain for the full year, tied for the best since 2007.
  • That gives President Donald Trump the best wage gains since the Great Recession, easily topping any during former President Barack Obama's entire term.
Click to expand...

Yeah, but it's still Obama's economy.[eyeroll]
 
DvlDog4WVU

DvlDog4WVU

All-Conference
Feb 2, 2008
47,209
3,292
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wvu2007 said:
https://www.cnbc.com/2018/01/31/pay-gains-under-trumps-best-since-the-great-recession.html

Pay gains during Trump's first year in office best since the Great Recession
  • The Employment Cost Index, a measure of salary and benefit costs, registered a 2.6 percent gain for the full year, tied for the best since 2007.
  • That gives President Donald Trump the best wage gains since the Great Recession, easily topping any during former President Barack Obama's entire term.
Click to expand...
Hmmm. Another narrative shattered.
 
dave

dave

Senior
May 29, 2001
60,598
814
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It seems like just yesterday someone was trying to say the facts suggest Trumps economy isnt really that good.
 
O

Original Mountaineer1

Sophomore
Aug 27, 2001
63,466
198
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dave said:
It seems like just yesterday someone was trying to say the facts suggest Trumps economy isnt really that good.
Click to expand...

It is bolstered by the tax cuts and government spending. You are an engineer so I don't expect you would understand economics. nevertheless, my biggest issue with the Obama years was the stagnant wage growth. 6 years of economic growth and completely flat wages. Nobody seems to understand how/why that happened. I am glad wages are increasing.
 
dave

dave

Senior
May 29, 2001
60,598
814
113
Original Mountaineer1 said:
It is bolstered by the tax cuts and government spending. You are an engineer so I don't expect you would understand economics. nevertheless, my biggest issue with the Obama years was the stagnant wage growth. 6 years of economic growth and completely flat wages. Nobody seems to understand how/why that happened. I am glad wages are increasing.
Click to expand...
I understand economics better than most. Wages were flat because the supply and demand for jobs was flat. There were people out of the job markt not being counted against uneployment. The demand is getting ahead of the demand and companies got abig tax cut so they have money to hire.
 
M

mneilmont

Sophomore
Jan 23, 2008
20,883
166
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dave said:
I understand economics better than most. Wages were flat because the supply and demand for jobs was flat. There were people out of the job markt not being counted against uneployment. The demand is getting ahead of the demand and companies got abig tax cut so they have money to hire.
Click to expand...
I am sure Trump policy and presence had a great impact in the growth. But, I still contend the economy would have jumped, no matter who was in office. All that was needed was for the government to get out of the way.

Too much money sitting on the sideline idle. All of that money wanted to be put to work to have a reasonable ROI. I guess Trump was the catalyst needed - someone with a business background and basic understanding of Economics. Hillary, Joe and Barnie are eliminated.
2020 stable looks equally weak.
 
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