The Forgotten Men and Women Are No Longer Forgotten In Our President’s Economy! Nightmares For His Enemies…..

This is the one piece of data that will give nightmares to the Left, Democrats, RINOs, Globalist, CoC, Big Club etc. as large number of illegals are deported or are waiting deportation, self-deporting etc. wages for Americans at the lowest wage level continue to rise far faster than those in the middle and higher wage level. These are the Forgotten Men and Women!

From the article linked above:

The details: For the last year or two, economists and politicians have fretted over how to loosen up worker wages, which have been effectively stagnant since the 1970s. Flat wages have been set against the meteoric rise of a new class of billionaire plutocrats to create a picture of massive and chronic income inequality and unfairness, and that impression appeared to help elect Trump.

And now the economy is specifically lifting up workers with the least education, a key social and economic dividing line—there have been five straight quarters of a shrinkage of the wage inequality gap, Kolko said, with surging wage gains for those with only a high school diploma.

The median wage for someone with a high school degree grew to $714 a week as of the end of September, from $700 at the same point in 2016; high-wage workers just budged up to $1,271 a week, though, from $1,266. So the gap between them narrowed to $557 from $566, almost 2%.

“This past year has been good news for the least-educated workers,” Kolko tells Axios.

Metrics for the hard-core unemployed and lowest-paid workers—part of the core of the Trump base—have all seen significant gains.

Broad unemployment including those no longer searching for work and involuntarily working part time fell to 7.9% in October, from 9.2% at the beginning of the year, Kolko said.

And the share of the main working population that is employed — those 25 to 54 —grew to 78.8%, from 78.2%.

Those are the best numbers since 2000. In December 2000—the last time unemployment was at 4.1% — broad unemployment was at 6.9%. And the working population 25 to 54 years old was 81.4%.

That means that well over 1 million Americans still need to be drawn back into the work force.

And there are signs that the most stubborn unemployed are trying to return to work. Kolko said that searches are up at Indeed for the terms “no background check” and “felony-friendly jobs.” “This suggested that people who have struggled more in the past to find jobs are encouraged by the tightening labor market to look for work,” he said.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s