Thanks for nothing Donald Trump ... Low-Wage Jobs are the New American Normal

[Polishprince]

Where is your evidence from a reputable source?

When has that troubled you with your amusing posts?

I am continually troubled by your lack of authoritative sources. Don't keep it under your hat.

Conspicuous by its absence is your list proving my facts are wrong in this post. For your convenience, I will re-post it here, please point out the errors in my post. Not your rants and raves but show us the FACTS that I posted which are not true.

Thank you, thank you very much!

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead
Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019

The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).

Agreement reached on Nafta trade deal replacement

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.
President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Come on Denizen, show us all the factual errors in my post.

Lots of partisan garbage. Only thing surging are deficits.

Its sort of remarkable how you libs suddenly became such deficit hawks.

 

[Nostra]

It would be no joke is Crazy Bernie did become President.

Contrary to liberal fantasies, he would do nothing about the debt, but instead put the nation's economy into a Death Spiral. America would be a lot like North Korea, with a well fed Ruling Class led by Crazy Bernie

What a turnabout that would be. President Trump has been working on Mr. Un, the leader of the North Korean people trying to convince them that prosperity and capitalism is the key to the future. But instead , under Crazy Bernie, we'd be adopting North Korea's system.

According to Sanders, he says he's Polish, and from the Metro Krakow area, I really have my doubts.

Trump policy hasn't worked. The tax cuts didn't pay for themselves. We now have trillion dollar deficits and slower economic growth.

Revenues went up after the tax cuts.

Oops!

Revenues go up every year when we are not in recession. The rate they went up flattened out rather than grew. Probably would have gone down if not for his new tariff taxes.

If revenues went up, they paid for themselves.

 

[Markle]

Where is your evidence from a reputable source?

When has that troubled you with your amusing posts?

I am continually troubled by your lack of authoritative sources. Don't keep it under your hat.

Conspicuous by its absence is your list proving my facts are wrong in this post. For your convenience, I will re-post it here, please point out the errors in my post. Not your rants and raves but show us the FACTS that I posted which are not true.

Thank you, thank you very much!

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead
Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019

The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).

Agreement reached on Nafta trade deal replacement

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.
President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Come on Denizen, show us all the factual errors in my post.

Lots of partisan garbage. Only thing surging are deficits.

As you know, the deficits are not surging and neither is the debt when compared to the failed administration of President Barack Hussein Obama.

 

[Markle]

Lots of partisan garbage. Only thing surging are deficits.

Show us all where my facts are wrong or run along!

 

[Toddsterpatriot]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

"53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year"

I love when fucktards misinterpret statistics. Idiots.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise .

152 million employed Americans. If this misleading stat is correct, the bottom 35%, the bottom 53 million, have a median wage of $10.22 an hour. That means 26.5 million are above $10.22 an hour and 26.5 million are below.

Table 5. Quartiles and selected deciles of usual weekly earnings of full-time wage and salary workers by selected characteristics, fourth quarter 2019 averages, not seasonally adjusted

According to the BLS, of 118.2 million full-time workers, the bottom 10% topped out at $467 a week,
Full-time is usually between 32-40 hours a week. So that's between minimum wage and $11.68 for a 40 hour week and between minimum wage and $14.59 for a 32 hour week.

And that's the bottom 10%. The bottom 11.8 million.
That means the 26.5 million in your lying stat, who make below $10.22 an hour, are probably mostly part-time workers.

 

[Markle]

Revenues go up every year when we are not in recession. The rate they went up flattened out rather than grew. Probably would have gone down if not for his new tariff taxes.

Not according to you. IF you were right, revenues would have dropped like a rock.

 

[Dale Smith]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

A far leftist website quoting a Brookings Institute study, no less, which is the American version of the Tavistock Institute and the Frankfurt School? Say it isn't so!?!?!?!?

Dawn Allen? Not much of a bio to be had but here is a pic of her.......

 

[Denizen]

It would be no joke is Crazy Bernie did become President.

Contrary to liberal fantasies, he would do nothing about the debt, but instead put the nation's economy into a Death Spiral. America would be a lot like North Korea, with a well fed Ruling Class led by Crazy Bernie

What a turnabout that would be. President Trump has been working on Mr. Un, the leader of the North Korean people trying to convince them that prosperity and capitalism is the key to the future. But instead , under Crazy Bernie, we'd be adopting North Korea's system.

According to Sanders, he says he's Polish, and from the Metro Krakow area, I really have my doubts.

Not everyone from Poland can fantasize a prince position for themselves.

 

[Denizen]

Where is your evidence from a reputable source?

When has that troubled you with your amusing posts?

I am continually troubled by your lack of authoritative sources. Don't keep it under your hat.

Conspicuous by its absence is your list proving my facts are wrong in this post. For your convenience, I will re-post it here, please point out the errors in my post. Not your rants and raves but show us the FACTS that I posted which are not true.

Thank you, thank you very much!

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead
Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019

The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).

Agreement reached on Nafta trade deal replacement

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.
President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Come on Denizen, show us all the factual errors in my post.

Please stop publishing rants you copy from the back of public toilet doors.

 

[Denizen]

Where is your evidence from a reputable source?

When has that troubled you with your amusing posts?

I am continually troubled by your lack of authoritative sources. Don't keep it under your hat.

Conspicuous by its absence is your list proving my facts are wrong in this post. For your convenience, I will re-post it here, please point out the errors in my post. Not your rants and raves but show us the FACTS that I posted which are not true.

Thank you, thank you very much!

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead
Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019

The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).

Agreement reached on Nafta trade deal replacement

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.
President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Come on Denizen, show us all the factual errors in my post.

Lots of partisan garbage. Only thing surging are deficits.

Government perversion and corruption is also surging.

Trump will award the White House meat supply contract to the Saudi Embassy.

 

[Denizen]

Every time I read one of your posts, I am glad I am right with God and am not you.

Does your god Mammon talk to you?

Your roots are rotten and termites are driving you crazy.

 

[Jackson]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

My grandson is working while going to college. He just bought a new car on the "very low wage." Not too bad for an 18 year old.

At some time people will have to take responsibility for their wages. Want ore money...Develop a skill and stay in school.!

 

[Denizen]

Where is your evidence from a reputable source?

When has that troubled you with your amusing posts?

I am continually troubled by your lack of authoritative sources. Don't keep it under your hat.

Conspicuous by its absence is your list proving my facts are wrong in this post. For your convenience, I will re-post it here, please point out the errors in my post. Not your rants and raves but show us the FACTS that I posted which are not true.

Thank you, thank you very much!

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy
BY PETER VICENZI
10/07/2019

Steve Moore: Middle-class Incomes Surge More Than $5,000 Under Trump Economy | FreedomWorks

###

Younger and Minority Workers Lead
Wage Gains as Expansion Ages
Oct. 17, 2019, 8:59 AM

A tightening labor market with U.S. unemployment rate at a 50-year low is starting to result in higher wages for full-time workers, including younger people and minorities whose pay has lagged.

Median weekly earnings for Americans in the third quarter rose 3.6% to $919, outpacing inflation, the U.S. Labor Department reported Wednesday. Earnings for those aged 25 to 54, in their prime working years, rose by 5%, the fastest rate of growth in recent years.
Younger and Minority Workers Lead Wage Gains as Expansion Ages

###

USMCA: Agreement reached on Nafta trade deal replacement
10 December 2019

The US, Mexico and Canada have finalised a trade deal that will replace the 25-year-old North American Free Trade Agreement (Nafta).

Agreement reached on Nafta trade deal replacement

###

The November hiring surge pushed incomes for Americans higher last month.
by JOHN CARNEY
20 Dec 2019

Incomes rose by half a percentage point in November, above economists’ forecasts and much better than the soft readings in September and October. This was the strongest gain since July, according to data from the Commerce Department on Friday.

Consumer spending rose at a 0.4 percent annual rate last month, led by a jump in spending on big-ticket durable goods like autos and appliances.
The higher spending is not due to rising prices. Inflation, as measured by the Federal Reserve’s preferred price indicator, is still running well below the Fed’s 2 percent target. It came in at just 1.5 percent for November compared with a year ago.

And despite the rise in consumer spending, Americans are saving more. The saving rate edged up to 7.9 percent of after-tax income in November.

Christmas Cheer: Incomes Jumps Higher, Consumer Spending Soars

###

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products
By Michelle Toh, CNN Business
11 hrs ago [Jan 16. 2020]

China has agreed to buy hundreds of billions of dollars worth of products from the United States as part of their "phase one" trade deal.

The agreement signed Wednesday will have Beijing purchase an additional $200 billion of US goods and services over the next two years.

The increase in purchases will be compared to 2017, before the trade war started. China imported over $185 billion in total US goods and services that year.

In exchange, Washington has agreed to reduce tariffs on $120 billion in Chinese products from 15% to 7.5%.

Taken together, the phased purchases by China would result in a dramatic surge in US exports. Total exports to China would increase to over $260 billion in 2020, and roughly $310 billion in 2021 if the deal holds

US-China phase 1 trade deal: Beijing agrees to buy $200 billion in US products

###

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony — But NOT Nancy Pelosi
by Jim Hoft January 29, 2020

President Trump signed the historic USMCA Trade Agreement on Wednesday at the White House.

The trade agreement replaces the disastrous NAFTA agreement signed into law during the Clinton years.
President Trump invited Minnesota Republicans and Minnesota hog farmers to the White House for the signing ceremony today.

HAH! President Trump Invited Minnesota Hog Farmers to USMCA Signing Ceremony -- But NOT Nancy Pelosi

###

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism
Written by K. Walker on February 6, 2020

[...]

Americans feel better about their personal financial situation than they did under Obama, Clinton, or even Reagan. This year-to-year number has been rising since 2018 and has hit a 44-year record high according to Gallup’s “Mood of the Nation” economic survey. Gallup reports that 59% of Americans — nearly six in 10 — say that they are better off financially than they were a year ago, which is up from 50% last year.

[...]

There has also been a sharp decline in the percentage of people who say that they are financially worse off than a year ago. Only 20% of Americans are stating that as their financial reality, and that is a record low.

[...]

More MAGA Winning: Gallup Poll Has NEVER Recorded This Level Of Economic Optimism

Come on Denizen, show us all the factual errors in my post.

Lots of partisan garbage. Only thing surging are deficits.

As you know, the deficits are not surging and neither is the debt when compared to the failed administration of President Barack Hussein Obama.

Deficits are surging and will top $ 1 trillion this year. They are likely to go further South as Trump is dreaming up more tax cuts to reduce government revenue while not reigning in spending.

If the coronavirus worsens the US economy will contract and tax revenue will fall further.

The US economy is being managed like a Trump casino with the house losing.

 

[Denizen]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

"53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year"

I love when fucktards misinterpret statistics. Idiots.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise .

152 million employed Americans. If this misleading stat is correct, the bottom 35%, the bottom 53 million, have a median wage of $10.22 an hour. That means 26.5 million are above $10.22 an hour and 26.5 million are below.

View attachment 308464

Table 5. Quartiles and selected deciles of usual weekly earnings of full-time wage and salary workers by selected characteristics, fourth quarter 2019 averages, not seasonally adjusted

According to the BLS, of 118.2 million full-time workers, the bottom 10% topped out at $467 a week,
Full-time is usually between 32-40 hours a week. So that's between minimum wage and $11.68 for a 40 hour week and between minimum wage and $14.59 for a 32 hour week.

And that's the bottom 10%. The bottom 11.8 million.
That means the 26.5 million in your lying stat, who make below $10.22 an hour, are probably mostly part-time workers.

Your statistics are a lie because they cover only 118 million of a workforce of 200+ million.

They have not covered the bottom end of the employment spectrum because it is in small business which they do not survey.

Of course big business pays more than small business.

Your statistics are a lie.

 

[Denizen]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

A far leftist website quoting a Brookings Institute study, no less, which is the American version of the Tavistock Institute and the Frankfurt School? Say it isn't so!?!?!?!?

Dawn Allen? Not much of a bio to be had but here is a pic of her.......

I would quote some right-wing publications, however, they don't do such analysis because they are incompetent at math and their readers like pictures, lies, slander, and insults and wouldn't read anything over 5 minutes.

 

[Denizen]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

My grandson is working while going to college. He just bought a new car on the "very low wage." Not too bad for an 18 year old.

At some time people will have to take responsibility for their wages. Want ore money...Develop a skill and stay in school.!

Evidently your grandson has forsaken wine, women, and song and has doomed himself to becoming a boring old fart.

 

[Lysistrata]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

What the trumpsters and the rest of the right-wingers don't want to acknowledge is that income and spending (on necessities like food, housing, medical insurance, transportation, education) have to match. Only when income exceeds living expenses can a person save for emergencies and retirement. Basic math.

This is why I loath all of these advertisements that suggest that everyone has a bulging 401k, when so many live from paycheck to paycheck. This is why I loath the assholes who just repeat "get a job," as if this is all so easy. This is why I loath the assholes who discourage young people from getting a good education and encourage them to have children at a young age, so that these youngsters have no future outside of working low-paid restaurant jobs to feed and clothe their babies. We have to break this cycle.

 

[Obiwan]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

So if you're saying these people started suffering under BUSH (and STILL ARE), it's obvious that Obama;s "great economy" was a lie, right???

 

[CrusaderFrank]

From the O.P.

"You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them."


Included in the poorly educated majority is one Barack Obama who just this week was trying to claim this is HIS economy.

Mods please close the thread right here

 

[CrusaderFrank]

Welcome to the bogus economy and TSLS, Trump Shit Life Syndrome fueled by burgeoning debt and stoked by the First Loser.

You have to respect Donald Trump for being astute enough to recognize that the poorly-educated are a majority in US society and going after them.

Donald Trump is inflating the expectations of his howling mob by making promises he doesn't intend to keep and can't keep.

US debt has increased by $10,000 per worker during Trump's tenure while "53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year" and have traveled backward. If Trump's debt trajectory continues, the 53 million Americans will soon have a net negative value as the debt balloons to stratospheric values.

The Donald Trump trajectory portends a horrendous recession which will make Lebanon and Zimbabwe look like desirable economic models.

Good jobs are rising slower than the population which means more and more Americans are doomed to TSLS, Trump Shit Life Syndrome.

Trump and his sycophantic associates still don't understand that the economy and job quality has not recovered from the Bush depression that caused many new graduates to lose the opportunity to establish a career in a chosen profession and many had to settle for low-quality low pay jobs. Many of these unfortunate people have not recovered from this setback and won't under Trump's leadership.

Low-Wage Jobs are the New American Normal - Legal Reader

Low-Wage Jobs are the New American Normal
DAWN ALLEN — January 27, 2020

Low-wage workers make up nearly half of the American workforce, and many of them are the sole breadwinners for their families.

Last November, the Brookings Institution released a study concluding that nearly half of working age Americans are employed in low-wage jobs. They found that 53 million Americans between the ages of 18 and 64 earned a median wage of $10.22 per hour, or $18,000 per year.

The fact that 44% of the American workforce now finds itself in such a precarious economic situation might come as a surprise to those who imagine low-wage work to be the domain of teenagers, college students, the newly-hired, or those taking on side gigs for extra cash. Instead, these jobs are the main way that many people support their families, especially in smaller cities in the southern and western regions of the United States. 26% of low-wage earners are the sole breadwinners for their household, and another 25% live in households where all earners work in low-paying jobs.

Perhaps the most obvious solution to improving conditions for these workers is to provide education, retraining, and skill upgrades so that they qualify for better jobs. Indeed, 40% of low-wage workers between the ages of 25-64 have, at most, a high school diploma, while another 13% are young people without degrees who are not in school. That means, however, that nearly half of the workers in low-paying jobs already have higher levels of educational attainment.

Simply getting more education won’t cause jobs to magically appear, either. The Occupy movement was full of college-educated people who couldn’t find sufficient jobs to pay back crushing student debt. Perhaps it’s true that “they should have gotten STEM degrees,” (and not those pesky Women’s Studies or sociology majors) as those on the Libertarian/Conservative spectrum self-righteously preached in 2011, but remember how that sentiment morphed into right-wing trolls mocking laid-off “elite” journalists with the condescending mantra of “better learn to code, then” by 2019? (Besides, if everyone learned to code, it would become just another low-wage job.)

What the trumpsters and the rest of the right-wingers don't want to acknowledge is that income and spending (on necessities like food, housing, medical insurance, transportation, education) have to match. Only when income exceeds living expenses can a person save for emergencies and retirement. Basic math.

This is why I loath all of these advertisements that suggest that everyone has a bulging 401k, when so many live from paycheck to paycheck. This is why I loath the assholes who just repeat "get a job," as if this is all so easy. This is why I loath the assholes who discourage young people from getting a good education and encourage them to have children at a young age, so that these youngsters have no future outside of working low-paid restaurant jobs to feed and clothe their babies. We have to break this cycle.

How will Bernie fix that?