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Started By
Message
re: When a lib says Trump inherited a hot economy.
Posted on 9/10/18 at 11:55 pm to bfniii
Posted on 9/10/18 at 11:55 pm to bfniii
quote:
you are wrong
Nope. From the BLS..
https://www.bls.gov/news.release/pdf/realer.pdf
From July 2017 to July 2018, real average hourly earnings decreased 0.4 percent, seasonally adjusted.
Combining the change in real average hourly earnings with a 0.3-percent increase in the average
workweek resulted in a 0.1-percent decrease in real average weekly earnings over this period.
1
Posted on 9/11/18 at 12:07 am to bmy
quote:Real wages are wages adjusted for inflation. Nominal wages are unadjusted.
i assume you're going to say because of inflation.
otherwise, they have risen over the last year according to even the most liberal outlets
Except.. they haven't. I have no idea why real wages are decreasing
Posted on 9/11/18 at 12:47 am to MStant1
quote:
U6 is decreasing at a similar rate now as it was under Obama
Posted on 9/11/18 at 12:53 am to bmy
quote:Again, "real average hourly earnings" is an inflation-adjusted number.
you are wrong
Nope. From the BLS..
Posted on 9/11/18 at 1:11 am to KeyserSoze999
Yes. Unless you believe that Donald Trump lowered unemployment by 35%.
Posted on 9/11/18 at 1:30 am to KeyserSoze999
again, trump may indeed have stimulated the economy. however he is a whiny lying bitch. why cant we have a republican president who is credible and not such a prick?
Posted on 9/11/18 at 5:11 am to KeyserSoze999
quote:
Do they have any credibility? Asking for a friend
Absolutely!!
Most economists would support this view. Trump inherited a growing economy. he didn't inherit a shite sandwich like Obama did.
Posted on 9/11/18 at 5:41 am to bfniii
quote:
you are wrong
example 1
#2
#3
#4
#5
need more?
Haha, fail. Every one of those stories talk about nominal wages, and bmy's claim was about real wages.
And we don't need to go to the media for the answer here, we can go to the source.
Here's what the source says about the current value compared to the same one this time last year:
quote:
Real average hourly earnings decreased 0.2 percent, seasonally adjusted, from July 2017 to July 2018.
Posted on 9/11/18 at 5:48 am to NC_Tigah
that "trendline" for "Trump Admin" starts at what looks like February 2015? That is poor evidence of a Trump inflection point, and suggests it happened in 2015, which was the same year we actually started seeing decent real wage increases for a bit.
quote:
Posted on 9/11/18 at 5:52 am to cahoots
Posted on 9/11/18 at 5:54 am to 90proofprofessional
quote:No. No more than the Obama trendline extends through 2018. The lines are obviously lengthened to demonstrate slope delta.
that "trendline" for "Trump Admin" starts at what looks like February 2015?
Posted on 9/11/18 at 5:59 am to NC_Tigah
if you look at the data, the red trendline definitely appears to apply to what was happening well back into 2015
Posted on 9/11/18 at 5:59 am to 90proofprofessional
quote:Was it?
bmy's claim was about real wages.
quote:bmy seems to be referring specifically to nominal wages even though he continued to cite real wages.quote:Except.. they haven't. I have no idea why real wages are decreasing
i assume you're going to say because of inflation.
otherwise, they have risen over the last year according to even the most liberal outlets
Posted on 9/11/18 at 6:02 am to NC_Tigah
quote:
Was it?
read his posts on it. he uses the phrase "real wages" each time, and he cites the correct number for that figure as well
quote:
bmy seems to be referring specifically to nominal wages
how can you say that when the figure he cites is the correct figure for real wages, and he literally says "real wages"
eta: i've only read back to page 5, maybe he just says "wages" at some earlier point?
This post was edited on 9/11/18 at 6:04 am
Posted on 9/11/18 at 6:04 am to 90proofprofessional
quote:No. But Obamanomics' hemorrhaging of capable workers into the NILF pool began to trail off at that point. So Obama's final 6-10 months more closely resemble Trumps going forward. FWIW, Those final months also serve to shift the obama line slope downward.
the red trendline definitely appears to apply
This post was edited on 9/11/18 at 6:07 am
Posted on 9/11/18 at 6:10 am to NC_Tigah
quote:
Obamanomics' hemorrhaging of capable workers into the NILF pool began to trail off at that point. So Obama's final 6-10 months more closely resemble Trumps going forward
it looks to the eye like a bit more than 6-10 months, but it doesn't really matter
This post was edited on 9/11/18 at 6:11 am
Posted on 9/11/18 at 6:16 am to 90proofprofessional
quote:I quoted one for you.
read his posts on it.
quote:
Posted by bmy
Any takers on why the average real wage has decreased under Trump?quote:Posted by bmy
Posted by bnfiii
i assume you're going to say because of inflation.
otherwise, they have risen over the last year according to even the most liberal outlets
Except.. they haven't. I have no idea why real wages are decreasing
Posted on 9/11/18 at 7:35 am to NC_Tigah
quote:
bmy seems to be referring specifically to nominal wages even though he continued to cite real wages.
Of course real wage is tied to inflation but it doesn't change the reality that americans are working more hours for less money. I'm not playing a game of gotcha I asked a genuine question because I don't know the answer..
Can't answer the question using half of the definition
Fwiw I don't think that politicians have large impacts on the economy. They just move money around.
This post was edited on 9/11/18 at 7:37 am
Posted on 9/11/18 at 7:42 am to bmy
quote:Fair enough.
I'm not playing a game of gotcha
Nominal wages are up. As manufacturing and other jobs return there will be wage pressure. But that occurs over a couple of years, not months. The huge reserve NILF pool mitigates wage pressure as well.
Posted on 9/11/18 at 8:20 am to NC_Tigah
quote:
I quoted one for you.
why didn't you bold the part where he says:
quote:
I have no idea why real wages are decreasing
or read the post to which bniii was responding
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