There is no wage growth. Promises made, promises kept
by digby
All those blue-collar workers who voted for Trump should have paid attention to what he says, He has always been for low wages:
From the Fox Business News debate in November 2015:
CAVUTO: Mr. Trump, as the leading presidential candidate on this stage and one whose tax plan exempts couples making up to $50,000 a year from paying any federal income taxes at all, are you sympathetic to the protesters cause since a $15 wage works out to about $31,000 a year?
TRUMP: I can’t be Neil. And the and the reason I can’t be is that we are a country that is being beaten on every front economically, militarily. There is nothing that we do now to win. We don’t win anymore. Our taxes are too high. I’ve come up with a tax plan that many, many people like very much. It’s going to be a tremendous plan. I think it’ll make our country and our economy very dynamic.
But, taxes too high, wages too high, we’re not going to be able to compete against the world. I hate to say it, but we have to leave it the way it is.
People have to go out, they have to work really hard and have to get into that upper stratum. But we can not do this if we are going to compete with the rest of the world. We just can’t do it.
In Michigan he explained how he thought US automakers could compete:
Trump said U.S. automakers could shift production away from Michigan to communities where autoworkers would make less. “You can go to different parts of the United States and then ultimately you’d do full-circle — you’ll come back to Michigan because those guys are going to want their jobs back even if it is less,” Trump said. “We can do the rotation in the United States — it doesn’t have to be in Mexico.”
He said that after Michigan “loses a couple of plants — all of sudden you’ll make good deals in your own area.”
Never say he doesn’t deliver on his promises. While the rich and corporations are fat and happy, wage growth is practically non-existent.
President Donald Trump regularly boasts that the United States is experiencing the “best economy ever” — but a new opinion poll conducted by the Financial Times shows that most voters clearly don’t feel that way.
Even though the United States has a low unemployment rate and a record stock market, the poll shows most Americans don’t feel they’re getting ahead thanks to sluggish wage growth.
“Persistently slow wage growth appeared to be a main driver of discontent, with 36 percent of those who said they were worse off blaming their income levels,” the Financial Times reports.
Don’t say he didn’t warn you.
But at least he owns the libs and keeps Mexicans and blacks in their places. That’s really all that matters.
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