colfax_m
Diamond Member
- Nov 18, 2019
- 38,988
- 14,843
No, of course not. And when looking back over the last few decades, there’s nothing particularly special about our wage growth currently.Let’s assume that’s true although I haven’t seen that data. When did the reversal happen? When did the lower income people’s income growth overtake everyone else’s? The chart in Washington Post looks like 2015.
I think it might have a lot to do with the 4.7% unemployment rate when Trump took office.
I just want to give credit where credit is due. So far I haven’t seen much evidence of the impact of Trump’s policies.
I doubt that this is the first period of low unemployment that we have had since the early 70s.
It's been a while since lower end workers have been getting more increases than upper.
Do you have the data that shows this?
All the reports seem to be behind pay walls.
Wages rising: The US economy is now working best for lower-wage workers | American Enterprise Institute - AEI
"Over 2018, wage growth in low-wage industries was 4.4%, while in middle- and high-wage industries it didn’t top 3%. Put another way: low-wage workers are likely the ones who are seeing the benefits of accelerating wage growth. A tighter labor market seems to be putting particular pressure on the lower-paid end."
I don’t know. I have my doubts as to whether this is unprecedented in decades, at least I’ll I see the data.
From the graph above, it looks like low wage workers had better wage growth since at least 2016. Should we give Trump credit for that too?