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Thread: Wage Growth Is on Fire

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by Kushinator View Post


    Wage growth was rather strong.
    Wage growth doesn't mean a damn without employment. Sir, that response was evasive.

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by mbig View Post
    I wonder if Trump/GOPers will take credit for this in 2017's good Stats.
    Wages could go through the floor, and the Trumpets would insist they are improving the economy. Welcome to the Post-Truth World.


    However, if Trump does get rid of some of these ILLEGALS who depress the bottom's wages, he too can claim credit.
    I support E-verify: No National ID, NO job.
    sigh

    1) We have no way of knowing how long wages will continue that trajectory. We don't even know what policies he wants, let alone what will pass into law.

    2) He has no basis to claim any influence on wages before his policies actually start to kick in. (At best, summer 2017)

    3) He is not going to successfully get rid of 11 million undocumented workers. And no, mandatory e-verify won't work, as it is not that difficult to pay people under the table. (If anything, it will just drive that work further underground and/or result in further gaming of the system.)

    4) If by some miracle he did kick them out, it would have the same effect as basically kicking Ohio out of the Union. It would be an economic disaster, especially in the short term.

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by OpportunityCost View Post
    Wage growth doesn't mean a damn without employment. Sir, that response was evasive.
    I thought it was known that employment growth was rather strong during this period as well. Should i provide the data?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by ataraxia View Post
    "I wonder if Trump/GOPers will take credit for this in 2017's good Stats.
    They Will, and I will refer to this post to show the economy was already picking up, and wage growth already rising due to the Longest Recovery in US economic history. Near full employment is finally raising the bottom's wages."

    Yes, they will. But once they cut taxes to the top 1%, leave the economy in another recession, and have exploding deficits, surely they will have some democrats, either in the whitehouse or in congress, who they can blame.

    Look, for example, at wage stagnation, and the massively increasingly disparity in wealth between the top 1% and the working class. This is the result of Reaganomics and "trickle down" policies back in the 1980s. The trends all start in the early 1980s. Now it has reached levels not seen since the gilded age. But these folks have managed to blame this on Obama, and so they get their base to go and elect Trump to give them more of the same punishment.

    The effects of what Trump does now will not all be felt right away. They may take decades to materialize. And that's nothing that they can't find some way to blame on some poor Democrat sap down the road.
    Oh please. It is the left who blames everything on Bush and Reagan, and recently Cheney. Even when their own policies fail they throw their darts at the Bush and Reagan dartboards, even after eight years.

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by Visbek View Post
    Wages could go through the floor, and the Trumpets would insist they are improving the economy. Welcome to the Post-Truth World.



    sigh

    1) We have no way of knowing how long wages will continue that trajectory. We don't even know what policies he wants, let alone what will pass into law.

    2) He has no basis to claim any influence on wages before his policies actually start to kick in. (At best, summer 2017)

    3) He is not going to successfully get rid of 11 million undocumented workers. And no, mandatory e-verify won't work, as it is not that difficult to pay people under the table. (If anything, it will just drive that work further underground and/or result in further gaming of the system.)

    4) If by some miracle he did kick them out, it would have the same effect as basically kicking Ohio out of the Union. It would be an economic disaster, especially in the short term.
    Truth has really taken a hit over the last eight years.

  6. #26
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    Re: Wage Growth Is on Fire

    Quote Originally Posted by Visbek View Post
    Wages could go through the floor, and the Trumpets would insist they are improving the economy. Welcome to the Post-Truth World.
    My post assumed, with Reason/current Momentum/labor tightness, wages would continue to rise.
    I'm the only one who posted Stats in the string.


    Quote Originally Posted by Visbek
    sigh
    Like your empty posts deserve to be tired of anything.


    Quote Originally Posted by Visbek
    We have no way of knowing how long wages will continue that trajectory. We don't even know what policies he wants, let alone what will pass into law.
    Again, we have momentum and continuing labor market tightness. Read the last Jobs/Wages report and see the Chart I Already posted.


    Quote Originally Posted by Visbek

    He has no basis to claim any influence on wages before his policies actually start to kick in. (At best, summer 2017)
    That was MY point. More ridiculous response. Unless he does something that would obviously tighten the labor market more. Gee, what would that be?


    Quote Originally Posted by Visbek
    He is not going to successfully get rid of 11 million undocumented workers. And no, mandatory e-verify won't work, as it is not that difficult to pay people under the table. (If anything, it will just drive that work further underground and/or result in further gaming of the system.)
    Who said he was?
    But any significant number would Obviously make the labor market tightER. You want citations again or do you know simple math?


    Quote Originally Posted by Visbek
    If by some miracle he did kick them out, it would have the same effect as basically kicking Ohio out of the Union. It would be an economic disaster, especially in the short term.
    Yes, there would be dislocation in the "short term" certainly. Though a well managed E-verify could allow for Temporary, Seasonal, and even permanent Non-citizen workers. The latter done elsewhere worldwide with success, and perhaps more often than not.

    and one notes you responded to me twice. Like you have some point you think you won/can win.
    You Always fail with me buddy: always


    Quote Originally Posted by Moderate Right

    Truth has really taken a hit over the last eight years.
    Yeah, all "eight Years" since, ie, Watergate/70s and Iran-Contra/Read-my-Lips/80s, etc, etc.
    Another unwitting Joke of a post.
    Last edited by mbig; 11-29-16 at 08:27 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by Kushinator View Post
    I thought it was known that employment growth was rather strong during this period as well. Should i provide the data?
    Sure it ought to be funny to laugh at all the growth that didn't even beat population growth. As I said, new small business growth has been down in smaller towns across the US. Care to address that or are you going to keep evading to other metrics you are comfortable describing through rosy lenses?

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    Re: Wage Growth Is on Fire

    The path to globalization was first blazed by Reagan, who saw it as the best path to long term prosperity for the nation.
    Ronald Reagan, father of globalization

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by OpportunityCost View Post
    Sure it ought to be funny to laugh at all the growth that didn't even beat population growth.
    The employment and wages showed very strong growth following 2004, which is what i was responding to.

    As I said, new small business growth has been down in smaller towns across the US. Care to address that or are you going to keep evading to other metrics you are comfortable describing through rosy lenses?
    You are not providing any data, which would allow me to address your statement with greater accuracy than if i were to take your word for it.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #30
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    Re: Wage Growth Is on Fire

    Quote Originally Posted by Kushinator View Post
    The employment and wages showed very strong growth following 2004, which is what i was responding to.



    You are not providing any data, which would allow me to address your statement with greater accuracy than if i were to take your word for it.
    Ah. I understand now. Bush was 100% responsible for the mortgage bubble following 2004 and he is also 100% responsible for the fact that employment and wages showed very strong growth following 2004.

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