How about some good news?

[brycejones]

This whole thread is just an example of how partisans put party before America..

You should get into stand-up that is some funny shit right there coming from you.

 

[SlowSpyder]

You should get into stand-up that is some funny shit right there coming from you.

I was a lefty, now I'm not. I call it how I see it and America is excelling under Trump.

 

[Jaskalas]

I was a lefty, now I'm not. I call it how I see it and America is excelling under Trump.

It is certainly impressive what happens when one stimulates the economy.
But there are limits to the madness of economic bubbles.

Nothing screams... correction... like the roaring 20s.

 

[fskimospy]

I was a lefty, now I'm not. I call it how I see it and America is excelling under Trump.

Still waiting on links to those posts showing how liberal you were. Any update on that?

 

[SlowSpyder]

250,000 jobs added in October, workforce participation up, wages up over 3% from last year. Can't stump the Trump.


https://www.foxbusiness.com/economy/october-jobs-report-department-of-labor-us-economy

https://www.msn.com/en-us/money/mar...age-gains-hit-31percent/ar-BBPfThA?li=BBnbfcL

 

[echo4747]

3.7% unemployment rate... lowest rate in nearly 1/2 a century.. I would say that is "good news"

 

[fskimospy]

250,000 jobs added in October, workforce participation up, wages up over 3% from last year. Can't stump the Trump.

https://www.foxbusiness.com/economy/october-jobs-report-department-of-labor-us-economy

https://www.msn.com/en-us/money/mar...age-gains-hit-31percent/ar-BBPfThA?li=BBnbfcL

Nominal wages, not real wages. Inflation is somewhere around 2.4% for the last year, making the y/y real wage increase about 0.7%. Real wage growth is what actually makes people’s lives better and it remains poor. (If you get a 10% raise and prices go up 10%... you didn’t get a raise.)

Some wage growth is better than no wage growth of course but this real wage growth is well below the last few years of Obama and MUCH below wage growth for this level of unemployment in the past.

Now I know you’re a hack and so you will pretend this doesn’t matter but I’m really just saying this so no one else is duped.

 

[fskimospy]

3.7% unemployment rate... lowest rate in nearly 1/2 a century.. I would say that is "good news"

I would agree! The main issue is that we haven’t been able to break out of the ‘good job growth, bad wage growth’ problem we had for years under Obama. In fact it’s gotten worse under Trump.

It’s good that more people are working but GDP growth is being shifted even more drastically to the rich, which is bad.

 

[Thebobo]

Work for the rich!

 

[echo4747]

Work for the rich!

I'm sure many feel that way. As far as myself...I really enjoy working for the most part .. If I didn't have a job... probably have to cope with bordem

 

[echo4747]

Nominal wages, not real wages. Inflation is somewhere around 2.4% for the last year, making the y/y real wage increase about 0.7%. Real wage growth is what actually makes people’s lives better and it remains poor. (If you get a 10% raise and prices go up 10%... you didn’t get a raise.)

Some wage growth is better than no wage growth of course but this real wage growth is well below the last few years of Obama and MUCH below wage growth for this level of unemployment in the past.

.

thinking about this post. For the most , I agree .. also... I've heard of the term “real compensation per hour,” instead of "real wages" would that be a better measure?

 

[fskimospy]

thinking about this post. For the most , I agree .. also... I've heard of the term “real compensation per hour,” instead of "real wages" would that be a better measure?

Depends on what you’re trying to measure. Real compensation and other similar measures work best to capture total employee costs but don’t necessarily indicate if the average employee is better off, which I think is what we care most about in this discussion.

The best example for this is health care costs, which we all know generally rise faster than inflation. If your employer’s costs for the same health insurance keep rising faster than overall inflation then your real compensation keeps going up while you are no better off.

I believe the best measure of how the average person feels about their personal prosperity real wages because it’s showing effectively how much stuff the average person can buy with their paycheck.

 

[Hayabusa Rider]

I have good news, my mechanic isn't charging me to check over my daughter's car!

Relevant? Sort of, in that this typical situation materially matters to most people, but those who have disproportionately benefited at the expense of others? It's meaningless. Not having real growth for the vast majority of people means the "trivial" isn't.

 

[Thebobo]

I've got some good news, ITS FRIDAY!

 

[zinfamous]

I was a lefty, now I'm not.

Abject bullshit that absolutely no one believes.

 

[MomentsofSanity]

Meanwhile on the economic front. The President of the United States just tweeted...

That's right. A fucking joke meme about serious economic considerations.

 

[Thebobo]

Meanwhile on the economic front. The President of the United States just tweeted...

That's right. A fucking joke meme about serious economic considerations.

Trying to overshadow the election in the only way his tiny penis knows.

 

[ElFenix]

About that

 

[Hayabusa Rider]

About that

HBO now has an airtight case of infringement against Trump, which cannot be dismissed due to Office and almost certainly not subject to protection in a lawsuit.

With good lawyers, it could be millions out of Trump's personal resources. I live in hope.

 

[ivwshane]

thinking about this post. For the most , I agree .. also... I've heard of the term “real compensation per hour,” instead of "real wages" would that be a better measure?

Hell no! Real compensation is a bullshit way to make it look like wage are higher by including things like health care. What's wrong with that you say? As health care costs rise your "real compensation" rises as well but are you getting better health care? No? Then what are you getting? What you aren't getting is more pay.

 

[echo4747]

Hell no! Real compensation is a bullshit way to make it look like wage are higher by including things like health care. What's wrong with that you say? As health care costs rise your "real compensation" rises as well but are you getting better health care? No? Then what are you getting? What you aren't getting is more pay.

True if you only view it from that narrow perspective One could also look at it this way:
what about the person recently hired that has worked 60days (or whatever their employers waiting period is) who now qualifies for employer provided (or portion provided health inurance) Their real wage stays the same but the real compensation puts them in a better position.
-same situation can be said for those who may get/ earn an extra week vacation or paid personal time. or now qualifies for some type of employer defined contribution/benefit plan

 

[umbrella39]

True if you only view it from that narrow perspective One could also look at it this way:
what about the person recently hired that has worked 60days (or whatever their employers waiting period is) who now qualifies for employer provided (or portion provided health inurance) Their real wage stays the same but the real compensation puts them in a better position.
-same situation can be said for those who may get/ earn an extra week vacation or paid personal time. or now qualifies for some type of employer defined contribution/benefit plan

Still waiting on links to those posts showing how liberal you were. Any update on that?

I already linked to a similar post from Geosurface. Very very liberal until signing up for yet another sock puppet... This is the same MO perpetrated by many socks here. It's the P&N lame attempt of trying to convince people with working brains "to walk away"... HaHaHa...

 

[Sunburn74]

250,000 jobs added in October, workforce participation up, wages up over 3% from last year. Can't stump the Trump.


https://www.foxbusiness.com/economy/october-jobs-report-department-of-labor-us-economy

https://www.msn.com/en-us/money/mar...age-gains-hit-31percent/ar-BBPfThA?li=BBnbfcL

Holiday rush hiring.

 

[fskimospy]

True if you only view it from that narrow perspective One could also look at it this way:
what about the person recently hired that has worked 60days (or whatever their employers waiting period is) who now qualifies for employer provided (or portion provided health inurance) Their real wage stays the same but the real compensation puts them in a better position.
-same situation can be said for those who may get/ earn an extra week vacation or paid personal time. or now qualifies for some type of employer defined contribution/benefit plan

Well sure but that’s a very limited situation and there’s no reason to think the percentage of the population that’s in that situation changes significantly over time.

 

[compcons]

Holiday rush hiring.

I actually thought about this. Seems like retailers are moving holiday shopping up again. Costco has had the stuff out since the start of October and I see a ton of ads all hinting at the holidays. I suspect this holiday season will be very good for retailers as people try to forget the political nonsense our country is immersed in and turn to our favorite pastime: shopping!