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Trump-era economy: A rising tide is lifting all boats
[Washington Examiner] The central theme of Democratic campaigns this year is that American capitalism doesn’t work for the working man, and so we need to replace it, or at least dramatically reshape our economy. These folks should take a look at the economic numbers that have come out in the past few days.For starters, the headline numbers are amazing. Employers added 263,000 jobs in April, helping bring unemployment down to 3.7%, the lowest number in 50 years. Wages increased by an average of 3.2%. These great topline numbers are not enough, though, to refute the naysayers and the revolutionaries. Since March 2009 (the bottom of the financial crisis), while the stock market has steadily risen and the economy has steadily grown, not everybody has seen this growth. The working class has mostly seen stagnation. The highest-educated counties have experienced basically all of the growth, leaving most of Middle America in decline. Posted by: Besoeker 2019-05-06 |
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