Posted on 10/31/2018 6:50:11 AM PDT by SpeedyInTexas
On a yearly basis, wages and salaries jumped 3.1 percent, the biggest increase in 10 years.
Wage increases have been the missing link in the economy since the recovery began in mid-2008. Average hourly earnings have been rising steadily but have stayed below the 3 percent level as slack has remained in the labor market.
(Excerpt) Read more at cnbc.com ...
Trump is fundamentally changing economic/trade policy. There was this fear of tariffs from policy makers who linked tariffs to the great depression. That fear has been destroyed.
Trump's tariffs are turning into a bipartisan policy. China better make a deal very soon before tariffs are put on 100% of their goods and could stay there for years and even into future presidential administrations (dem and rep).
“Chinese stocks are getting slammed, and trader says the worst is yet to come”: https://www.cnbc.com/2018/10/31/chinese-stocks-are-getting-slammed-and-trader-says-the-worst-is-yet-to-come.html
Enter Feds to take it away...
My jump was roughly double the 3.1%, so I’d like to think I EARNED at least some of it.
Can’t believe the libs announce this right before the elections!
And don’t forget this:
“’Robust’ jobs market sees another 227,000 hires in October”
https://www.cnbc.com/2018/10/31/private-payrolls-gain-227k-in-oct-vs-189k-est-adpmoodys.html
POTUS NEEDS TO TWEET THIS ASAP!
One of the biggest reasons Trump got elected.
After 3 decades America decided WE NEED A RAISE!
And it was clear that under Globalist policies none would be forthcoming.
Employers demand more immigration and guest workers.
ping
I am sure the minimum salary bumps pushed by the DEMs is part of the reason for this.
MAGA
A voter in Wisconsin:
“Ken Brown, who runs an eyeglass store in Racine, says only he decided to vote for Trump at the very last minute. “I didn’t expect him to win,” he said. “I just didn’t want to just let Hillary Clinton to win without my vote going the other way. But I’m shocked that this man has accomplished so many conservative things. I didn’t think the tariffs were going to work. I didn’t think backing out of Nafta [the North American Free Trade Agreement] was going to work. But they are working.”
You’re saying a recovery began in 2008???? Where? Washington,D.C.? The place where I worked must not have gotten the word as my pay was going steadily in the opposite direction about that time.
The wage inflation will prompt the FED to raise rates to dampen the economy and the threat of general inflation.
Excellent.
Thank you, President Trump.
Even the Washington Post reported this.
Remember this when you hear some fat cat whine on FoxBiz or CNBC that the Fed has to raise rates only so they can lower them later to save that fat cat’s rear end.
3% income growth means $50,000 in wages becomes $65,000 in ten years aside form raises, promotions or bonuses. This is the most significant thing the USA has done for rank and file citizens in decades-and its the middle finger in the Dem’s faces - cut stupid regulation, cut corporate taxes.
EVERY R has to incorporate this into this campaign (LET up on the smears and tell your future (Hopeful) constituents what you have done to deserve going back and what you intend to do to want us to return you ‘next time’.
ALSO...WHY aren’t the Rs screaming the NEW SS raise from the rooftops.
I figured it would have been mailed out to ALL recipients prior 11/4 so ALL could see how much raise they get next year...(Mine approx 50 per month)
The president is GIVING the Rs all these talking points and accomplishments and achievements yet very few are using them....
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