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Thread: Wage Growth Is on Fire

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    onomatopoeic
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    Wage Growth Is on Fire

    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.

    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.

    Wage Growth Is Galloping Higher at Its Fastest Pace in Nearly Eight Years
    A new cycle high.
    Luke Kawa - Bloomberg - November 15, 2016
    https://www.bloomberg.com/news/artic...ly-eight-years

    Wage growth is on fire.

    The Atlanta Fed's Wage Growth Tracker indicates that the median U.S. worker saw pay rise by 3.9% year-over-year in October, the fastest rate of growth since November 2008.



    This number comes on the heels of October's non-farm payrolls report, which showed average hourly earnings increasing at the fastest annual clip of this current expansion, a sign that the economy is getting close to full employment.

    The Atlanta Fed's wage metric tracks the incomes of individual workers over time, and as such is not prone to the composition effects — like the exit of higher-paid baby boomers from the labor force — that have weighed on the usual measure of average hourly earnings this cycle.

    "Average hourly earnings are more susceptible to compositional and demographic changes in the labor force, while the tracker is comparing the wages of the same individuals over time, providing a unique insight into wage growth,"
    [.......]
    Last edited by mbig; 11-26-16 at 08:54 PM.
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    Re: Wage Growth Is on Fire

    Quote Originally Posted by mbig View Post
    ILLEGALS who depress the bottom's wages
    You offer no evidence to support this claim.

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by mmi View Post
    You offer no evidence to support this claim.
    You need Links for the logical/Obvious?
    You ignore the rest of my post?
    Just looking for some burden-shifting/logically fallacious debate tonight?
    Bored?
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    Re: Wage Growth Is on Fire

    Since we have no national ID - should we all have no jobs?

    One factor not mentioned is MW increases at the state/local level.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by mbig View Post
    You need Links for the logical/Obvious?
    Iow, you have no evidence and expect people to simply accept yer unsupported argument.

    >>You ignore the rest of my post?

    Must I comment on all of it?

    >>Just looking for some burden-shifting/logically fallacious debate tonight?

    Nope, pointing out that yer assuming that undocumented workers depress wages … and offering nothing to back it up.

    >>Bored?

    Never. Life is much too interesting, and much too short, to allow for boredom.

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by ttwtt78640 View Post
    Since we have no national ID - should we all have no jobs?

    One factor not mentioned is MW increases at the state/local level.
    A Valid SS number is a National ID.
    An invalid one, which would be checked electronically, isn't.
    MW is a factor but there's also been pressure on Companies like Walmart to Increase wages, and they have. There's also somewhat of a shortage at the very bottom, as life has become tougher for illegals, even under Obama. Employers had become used to $5 an hour for menial jobs.

    That's why the economy is finally picking up steam: the bottom half is getting more disposable income.
    We don't/Never needed tax cuts on the Rich/Cap-Gains/Divs.
    We needed more people to have enough money for them to justify building that next factory.
    They (and wealthy individuals) have Record cash hoards/Trillions sitting in .1% T-bills.
    Last edited by mbig; 11-26-16 at 11:01 PM.
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    Re: Wage Growth Is on Fire

    Recovery is what happens after a crash or as I see it a reset back to reality. This was a major reset which baffles me why such a long slow recovery. We are now only achieving heights that we were at 10 years ago. We should be way above where we were. We can give Obama credit for the long slow recovery. It clearly happened under his watch. An argument can be made that things could have recovered faster under another leader or slower if not at all. The sudden surge in the stock market is clearly a response to the election and hopefully confidence in the new leader. We can only hope Trumps policies will convince industry to invest that money here and give the economy that push it needs to keep growing.

    10's of millions of workers who will work for less than minimum wage, no benefits, in an unsafe work environment, and pay no taxes will not increase wages and make America great. People entering this country to work need to be documented to make sure they are not fugitives of the law or a danger to the people of this country. They must show proof of where they will be working, pay their share of taxes, and be paid a decent wage. Instead they are entering this country illegally, with no job, or money. In order to avoid starvation they are exploited by corrupt businesses using them as slave labor to under cut legitimate businesses. I know for a fact a lot of these businesses do not pay taxes work for cash only and move from area to ares exploiting people looking for a bargain. Especially the elderly on fixed incomes.
    “When choosing the lesser of two evils, always remember, it is still an evil.”

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    Re: Wage Growth Is on Fire

    Quote Originally Posted by mbig View Post
    You need Links for the logical/Obvious?
    You ignore the rest of my post?
    Just looking for some burden-shifting/logically fallacious debate tonight?
    Bored?
    You did kind of solely bold it. Not to mention its kind of the only point you explicitly make outside of discussing or citing the data which I think we can all agree is real and accurate.

    but supply some macro economic data supporting this and I think they'd be satisfied. Besides wouldn't it be better to just ensure enfranchisement of workers regardless of situation? Nothing short of threatening someone else's should defer your right to subsist and survive.
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    Re: Wage Growth Is on Fire

    +1 for supply and demand!

    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 mbig 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.

    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.

    Wage Growth Is Galloping Higher at Its Fastest Pace in Nearly Eight Years
    A new cycle high.
    Luke Kawa - Bloomberg - November 15, 2016
    https://www.bloomberg.com/news/artic...ly-eight-years

    Wage growth is on fire.

    The Atlanta Fed's Wage Growth Tracker indicates that the median U.S. worker saw pay rise by 3.9% year-over-year in October, the fastest rate of growth since November 2008.



    This number comes on the heels of October's non-farm payrolls report, which showed average hourly earnings increasing at the fastest annual clip of this current expansion, a sign that the economy is getting close to full employment.

    The Atlanta Fed's wage metric tracks the incomes of individual workers over time, and as such is not prone to the composition effects — like the exit of higher-paid baby boomers from the labor force — that have weighed on the usual measure of average hourly earnings this cycle.

    "Average hourly earnings are more susceptible to compositional and demographic changes in the labor force, while the tracker is comparing the wages of the same individuals over time, providing a unique insight into wage growth,"
    [.......]
    No need for minimum wage increases then. Thanks for posting.

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