wages up 3.2% year over year

[Jim in CT]

that’s not a bad number, folks. biggest jump since 2009, not bad considering all the tax break wentnto stock buybacks and dividends and to help the Koch brothers purchase orphanages and evict the orphans. great economic news with the job gains. i know, i know, hitler also helped the german economy...

[Got Stripers]

Go try to live on minimum wage, 3.2% of near nothing is still next to nothing.
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[Jim in CT]

i didn’t say that wal-mart greeters could
now buy houses on nantucket. But it’s the biggest increase in 10 years.
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[Ian]

So what you’re saying is that Obama actually caused a larger increase in the job market? Good to know, not often you give him that kind of credit!
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[Jim in CT]

Originally Posted by Ian

So what you’re saying is that Obama actually caused a larger increase in the job market? Good to know, not often you give him that kind of credit!
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iobama helped his economy’s stock market and unemployment ( i don’t think a potus always ‘causes’ such things, but they can influence them), by a greater degree than Trump did, sure. i give obama credit for that all the time, so try to be accurate if possible please.

obama
obviously helped unemployment and the stock market. trump is continuing to do so, and unlike obama, trump also cut taxes for the vast majority of us, increasing our net take home pay by far more than Obama ever did. that’s also true.
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[wdmso]

Not my wage .. does this count states who have raised the min wage and it's not going up for federal
Workers

June 2018 Median Household Income. According to Sentier Research, the median household income in the United States rose from $61,858 in May 2018 to $62,175 in June 2018, an increase of 0.5% over the previous month.Aug 1, 2.018

317 dollars does not look that glamorous once you see the real number rater then a % but still better than going backwards

[Jim in CT]

Originally Posted by wdmso

Not my wage .. does this count states who have raised the min wage and it's not going up for federal
Workers

June 2018 Median Household Income. According to Sentier Research, the median household income in the United States rose from $61,858 in May 2018 to $62,175 in June 2018, an increase of 0.5% over the previous month.Aug 1, 2.018

317 dollars does not look that glamorous once you see the real number rater then a % but still better than going backwards

“not my wage.”

do you know what an average is?

i posted year over year results, which was an increase of 3.2%, the biggest bump
since 2009. if that’s such a pathetic increase, i wonder why the previous administration didn’t routinely do better.

biggest increase in 10 years, but it can’t be good news, because you don’t like trump.
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[Nebe]

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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[PaulS]

I can't recall anyone ever posting positive monthly statistics like this for Obama. LOL
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[wdmso]

Originally Posted by Jim in CT

“not my wage.”

do you know what an average is?

i posted year over year results, which was an increase of 3.2%, the biggest bump
since 2009. if that’s such a pathetic increase, i wonder why the previous administration didn’t routinely do better.

biggest increase in 10 years, but it can’t be good news, because you don’t like trump.
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again its a big picture thing ... only one pom pom waving for Trump is you seen alone it looks fantastic....

but add in inflation as mentioned the cost of borrowing , the price of housing , health insurance .. and how long it hasn't gone up significantly.. its trending in a positive direction .. its not game over Trumps fixed America thats all i am saying

[wdmso]

Originally Posted by PaulS

I can't recall anyone ever posting positive monthly statistics like this for Obama. LOL
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they were fake back then

[Jim in CT]

Originally Posted by Nebe

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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probably not as high as 3.2%.

nebe, i’m not saying this ends poverty. i’m saying it was the highest annual growth in ten years. i’m truly sorry if it bothers you that it happened under trumps watch. but if you can’t celebrate good economic news unless you happen to like the current potus, that’s your problem. this is good news.
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[Jim in CT]

Originally Posted by PaulS

I can't recall anyone ever posting positive monthly statistics like this for Obama. LOL
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first, the wage growth i posted was annual, not
monthly. second, for the millionth time, i give obama credit for helping get us out the mess he inherited.
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[Sea Dangles]

Originally Posted by Jim in CT

first, the wage growth i posted was annual, not
monthly. second, for the millionth time, i give obama credit for helping get us out the mess he inherited.
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Take a break Jim. These folks are incapable of seeing clearly so long as Trump steers the ship. Switch the names and take away party affiliations and then credit will be due. Only then. Very troubling to see but that is what it has become.
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[Jim in CT]

Originally Posted by Sea Dangles

Take a break Jim. These folks are incapable of seeing clearly so long as Trump steers the ship. Switch the names and take away party affiliations and then credit will be due. Only then. Very troubling to see but that is what it has become.
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You're right, it's probably a waste. They are totally, and I mean totally, blinded by hatred of Trump, it's all they see. You are spot on. It's not how you solve problems, we need to be able to admit what worked and what didn't, to evaluate all of the empirical evidence, not just that which supports our ideology.

[Sea Dangles]

Unfortunately they take their cue from patriots such as LizWarren and Hillary.🤡
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[PaulS]

Mr. Irrelevant
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[spence]

Originally Posted by Nebe

What is the inflation rate? If you account for inflation and subtract that from the average wage increase you will find that you might be quite humbled Jim.
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As usual, Nebe is right. Adjusted for inflation wage growth the last 40 years has been pretty flat. At the same time wealth inequality has continued to deepen and the new tax laws are just going to make things worse for the bottom half.
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[Nebe]

Originally Posted by spence

As usual, Nebe is right. Adjusted for inflation wage growth the last 40 years has been pretty flat. At the same time wealth inequality has continued to deepen and the new tax laws are just going to make things worse for the bottom half.
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The rich keep on getting richer and the poor keep in getting poorer. However, the GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs.
What you won’t hear is the GOP saying that the rich continue to pull the rug out from under the people in this country that are just getting by. The stupid wall could be abandoned and that money could be used to feed the homeless or fund public education.
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[Jim in CT]

Originally Posted by Nebe

The rich keep on getting richer and the poor keep in getting poorer. However, the GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs.
What you won’t hear is the GOP saying that the rich continue to pull the rug out from under the people in this country that are just getting by. The stupid wall could be abandoned and that money could be used to feed the homeless or fund public education.
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"The rich keep on getting richer"

How would you stop that? Would you pass a law saying that people can't add to their net worth after some point?

The wealthy have more disposable income to invest. So when the economy grows, they benefit more. That's just the math. How would you stop that?

"he GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs. "

Who in God's name is saying that?

[Nebe]

Originally Posted by Jim in CT

"The rich keep on getting richer"

How would you stop that? Would you pass a law saying that people can't add to their net worth after some point?

The wealthy have more disposable income to invest. So when the economy grows, they benefit more. That's just the math. How would you stop that?

"he GOP is doing an excellent job with the distraction game by making the poor think that the greatest threat to them is those less fortunate than themselves or people who hold different beliefs. "

Who in God's name is saying that?

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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[Got Stripers]

Originally Posted by Nebe

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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OMG tax the rich more, not under Trumps watch.

[Jim in CT]

Originally Posted by Nebe

Think hard Jim. You can do it. Bad hombres.

I’d heavily tax incomes over 1 million $ per year and impose a CEO pay rate cap. This would force reinvestment and higher payrolls.
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Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

[Nebe]

Originally Posted by Jim in CT

Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

Read my post again.
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[Jim in CT]

Originally Posted by Nebe

Read my post again.
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I read it.

If you can show me where in the constitution you'd have the authority to limit what a CEO can make, I'd be very interested. If the company wants to pay him and the customers are willing to pay the prices necessary, it's none of your business and it's not hurting anybody. CEO pay isn't creating poverty, not in most cases. Sure it's obscene.


I did the math. If the CEO of Walmart worked for free, and donated every cent to the US workers (forget international employees), each worker would get about $30 a year. Whoop-dee-do.

[spence]

Originally Posted by Jim in CT

Fine. But unless you tax them at 100% or more, they will still get richer. You don't understand arithmetic. I have an IRA, Bill Gates hs a zillion dollars in the market. If the market goes up 10%, he and I each gain 10%, but his is way larger than mine. Tax him more, he still increased the gap between him and me.


4th grade arithmetic Nebe.

I'm in favor of making capital gains and dividends taxes more progressive than they are. It won't stop the rich from getting richer. You cant stop that, and no earthly reason why you'd want to.

So if taxing the rich more will not prevent them from accumulating more wealth what’s the problem with generating more tax revenue to invest in things like infrastructure and education that benefit all Americans and make our country stronger?
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[Nebe]

Originally Posted by spence

So if taxing the rich more will not prevent them from accumulating more wealth what’s the problem with generating more tax revenue to invest in things like infrastructure and education that benefit all Americans and make our country stronger?
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Imagine universal healthcare for all. What’s so wrong about that?
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[PaulS]

Studies have shown that the highest marginal tax rate should be between 70 and 80% as this would still provide the rich with incentives to earn more and bring in more Revenue
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[Jim in CT]

Originally Posted by spence

So if taxing the rich more will not prevent them from accumulating more wealth what’s the problem with generating more tax revenue to invest in things like infrastructure and education that benefit all Americans and make our country stronger?
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the problem is something you may have heard if, supply and demand and cost. when the cost of something goes up, the demand goes down. so at some point when you increasebtax rates, they suppress the economy to the point that tax revenue collected ( which is what matters), goes down. that’s rare i guess, but it’s happening in CT. we had a huge income tax hike, and tax revenue collected went down. that doesn’t help anybody, does it?

and i think it’s immoral to raise taxes if there’s still massive waste. cut all the fat first.
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[Jim in CT]

Originally Posted by Nebe

Imagine universal healthcare for all. What’s so wrong about that?
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i have said
many times that we need expanded healthcare. i don’t have a clue how to pay for it. or to operate it. no clue.
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