Blue Collar Wages Grow...finally

[gatomontes99]

Blue-collar wage growth under Trump sees largest increase in nearly 60 years,

Blue-collar workers have seen real wage growth of almost two percent in the first five months of President Donald Trump’s second term, the largest increase for any administration in nearly 60 years. 

The 1.7% pay bump is in stark contrast to negative growth under Joe Biden, according to new data from the US Department of the Treasury. 

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Weird....10,000,000-20,000,000 illegal aliens flood the market and wages go down? Then, we start deporting them and (with only a small amount deported) wage growth reverses? Could there be a correlation? 

It is almost like when  there is less supply and demand doesn't change, the price goes up. Maybe someone should study that and see if there is a correlation.

[robosmith]

In fact real wages did grow under Biden and your CITE is just an opinion piece with NO LINK to real data.

Quote

• Real wages have risen since before the pandemic across the income distribution.  In particular, middle-income and lower-income households have seen their real earnings rise especially fast.  And in the past 12 months, real wages overall have grown faster than they did in the pre-pandemic expansion. 
• Household purchasing power has increased as a result.  In 2023, the median American worker can afford the same goods and services as they did in 2019, plus an additional $1,000 to spend or save—because median earnings rose faster than prices.
• The U.S. economy now has over 2 million more jobs than pre-pandemic forecasters expected.  Therefore, more and more workers are benefitting from increased purchasing power, thanks to the strong and resilient labor market.^[1]
• This pattern of rising purchasing power is particularly American: other advanced economies have generally seen lower, and in many cases negative, real wage growth.

Figure 1: Growth of Real Earnings since Pre-Pandemic Across Income Distribution

 

[gatomontes99]

5 hours ago, robosmith said:

In fact real wages did grow under Biden and your CITE is just an opinion piece with NO LINK to real data.

 

You LIE! 

In 2021, Biden lost 1.7%. And that is treasury data from the article I quoted. More MSLSD LIES!