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3rd Quarter GDP Estimate: Rises To Whopping 4.6%

#73

(09-02-2018, 12:12 AM)MalabarJag Wrote:
(09-01-2018, 07:34 PM)Kotite Wrote: Just another fake news organization telling lies..  

https://www.forbes.com/sites/petergeorge...d9a2e560b7

The headline is a lie (the editors, not the authors, write the headlines) but the statistics in the article are mostly true (but probably dated). After eight years under Obama with a weak job market and little or no raises it's going to take some time to pull all of the working poor back up to middle class wages. But there is a lot of pressure to raise wages now that Trump's policies have boosted employment. Now that there are more jobs than qualified workers, supply and demand will win out.


Not every business has gotten the message. For example, Mrs. Malabar's previous employer has about 30% of their positions unfilled because they haven't caught up with the increases in pay yet, and employees are leaving for better pay elsewhere. Either they will soon start offering competitive wages or they'll lose business to their competitors.

Of course the author shows he's an idiot with his proposed solutions, but that's another story.

Did you notice that the author spent a lot of time talking about big cities?  Did he mention who runs those cities and the fact that by and large the statistics he's citing are as a result of his policy ideas failing?  
He talks a lot about the costs of secondary education and healthcare.  Does he point out that state intervention is a main driver in making these things less affordable?  

He talks about the working poor and income inequality.  I missed the part where he patted America on the back for the 22 trillion (that's with a hard grandchild bankrupting TR ladies and gentlemen) in transfer payments that the United States has made since the War on Poverty.

It's like Cold Medicine that makes you cough.  You'd think more people would have caught on by now.
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RE: 3rd Quarter GDP Estimate: Rises To Whopping 4.6% - by jj82284 - 09-02-2018, 12:17 AM



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