GDP Hits 4.1 %! In Second Quarter

[LexusLover]

Originally Posted by I B Hankering

You're ignoring context, speedy. There was a negative decline -- 2% -- in wage growth under Odumbo, speedy. So, the shift towards the positive under Trump would mean it is your POV that is stagnant, speedy.

Speedo is merely suffering from TDS.

TDS has an eight-year healing process, but the "after" effects are PDS, which continue for another eight-years.

[SpeedRacerXXX]

Originally Posted by I B Hankering

You're ignoring context, speedy. There was a negative decline -- 2% -- in wage growth under Odumbo, speedy. So, the shift towards the positive under Trump would mean it is your POV that is stagnant, speedy.

No, it is you is ignoring the context. The point being discussed is wage growth under TRUMP, not Obama. Obama took over a country in the worst recession since the 1930s. He was concerned more with getting people back to work than wage growth. So yes, wage growth under Obama was a sore point. Wage growth in 2016, Obama's last year in office, was 2.9%. In 2015 it was 2.5%. Still not great but considering the shit Obama was handed, the turnaround was very significant.

So getting back to wage growth under Trump, it remains in the same range as it did under the last couple of years under Obama. Still considered weak.

[I B Hankering]

Originally Posted by SpeedRacerXXX

No, it is you is ignoring the context. The point being discussed is wage growth under TRUMP, not Obama. Obama took over a country in the worst recession since the 1930s. He was concerned more with getting people back to work than wage growth. So yes, wage growth under Obama was a sore point. Wage growth in 2016, Obama's last year in office, was 2.9%. In 2015 it was 2.5%. Still not great but considering the shit Obama was handed, the turnaround was very significant.

So getting back to wage growth under Trump, it remains in the same range as it did under the last couple of years under Obama. Still considered weak.

You're lying through your teeth, speedy.

[Hotrod511]

Originally Posted by SpeedRacerXXX

No, it is you is ignoring the context. The point being discussed is wage growth under TRUMP, not Obama. Obama took over a country in the worst recession since the 1930s. He was concerned more with getting people back to work than wage growth. So yes, wage growth under Obama was a sore point. Wage growth in 2016, Obama's last year in office, was 2.9%. In 2015 it was 2.5%. Still not great but considering the shit Obama was handed, the turnaround was very significant.

So getting back to wage growth under Trump, it remains in the same range as it did under the last couple of years under Obama. Still considered weak.

You people say that a lot but I don't remember seeing any soup or bread lines

[SpeedRacerXXX]

Originally Posted by I B Hankering

You're lying through your teeth, speedy.

First, the growth target for nominal wages is 3.5%-4.0% according to the following article, which is consistent with other sources.

https://www.epi.org/nominal-wage-tracker/

"Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued to percolate in the U.S. economy.

The employment cost index increased 0.6 percent for civilian workers in the three-month period ending in June, according to a Bureau of Labor Statistics release Tuesday. That brought the 12-month rate up to 2.8 percent, the highest level since 2.9 percent in the third quarter of 2008, amid the financial crisis and the Great Recession."



https://www.cnbc.com/2018/07/31/work...ince-2008.html

Your 2nd and 3rd charts show off your stupidity. The 2nd chart shows only 2 quarters while Trump was fully in office, with no gain from the 3rd to the 4th quarter. The 3rd chart, average hourly earnings of all private sector employees rose from $26.0 to maybe $26.575 while Trump has been in office. That comes out to a gain of .022% in the 10 month period covered. Not good at all.

"The results suggest that an economy firing on most cylinders is still failing to produce the kind of broad-based gains that Republicans have pledged to deliver through a sweeping tax cut and deregulation.

That could change: Some see more meaningful wage gains ahead as whatever slack that remains in the labor market works its way out. Tuesday’s report offered “another sign that the labor markets are tightening and that compensation is going up as employers compete for workers,” says Douglas Holtz-Eakin, president of the American Action Forum."


https://www.washingtonpost.com/news/...=.0fdda530df06

"The economy is growing strongly, the unemployment rate has been at or below 4.5 percent for 16 straight months, but wage growth remains disappointingly low.

Wages are growing much more slowly than the last time we had sustained low unemployment rates, the late 1990s. This is the notorious “wage puzzle,” a topic that has been the subject of much speculation by everyone from Federal Reserve Chair Jay Powell to pretty much every economist I follow on Twitter.

A variety of explanations have been proposed: Perhaps wages lag because there’s more labor market “slack” than there appears to be (the result of low labor force participation), or employers may be wielding new market clout against workers, or the trend could be a byproduct of the fact that wages are still effectively adjusting from the recession. Or perhaps inequality itself produces a dynamic that drives down wages."


So my opinion that the increase in wages is not meeting expectations is hardly mine alone. So if I'm lying so are most others. Wage growth is computed over a 12-month period, and over the last 12 months ending in June wage growth was at 2.8%.

[LexusLover]

Originally Posted by I B Hankering

You're lying through your teeth, speedy.

Dentures. Not teeth.

[I B Hankering]

Originally Posted by SpeedRacerXXX

First, the growth target for nominal wages is 3.5%-4.0% according to the following article, which is consistent with other sources.

https://www.epi.org/nominal-wage-tracker/

"Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued to percolate in the U.S. economy.

The employment cost index increased 0.6 percent for civilian workers in the three-month period ending in June, according to a Bureau of Labor Statistics release Tuesday. That brought the 12-month rate up to 2.8 percent, the highest level since 2.9 percent in the third quarter of 2008, amid the financial crisis and the Great Recession."



https://www.cnbc.com/2018/07/31/work...ince-2008.html

Your 2nd and 3rd charts show off your stupidity. The 2nd chart shows only 2 quarters while Trump was fully in office, with no gain from the 3rd to the 4th quarter. The 3rd chart, average hourly earnings of all private sector employees rose from $26.0 to maybe $26.575 while Trump has been in office. That comes out to a gain of .022% in the 10 month period covered. Not good at all.

"The results suggest that an economy firing on most cylinders is still failing to produce the kind of broad-based gains that Republicans have pledged to deliver through a sweeping tax cut and deregulation.

That could change: Some see more meaningful wage gains ahead as whatever slack that remains in the labor market works its way out. Tuesday’s report offered “another sign that the labor markets are tightening and that compensation is going up as employers compete for workers,” says Douglas Holtz-Eakin, president of the American Action Forum."


https://www.washingtonpost.com/news/...=.0fdda530df06

"The economy is growing strongly, the unemployment rate has been at or below 4.5 percent for 16 straight months, but wage growth remains disappointingly low.

Wages are growing much more slowly than the last time we had sustained low unemployment rates, the late 1990s. This is the notorious “wage puzzle,” a topic that has been the subject of much speculation by everyone from Federal Reserve Chair Jay Powell to pretty much every economist I follow on Twitter.

A variety of explanations have been proposed: Perhaps wages lag because there’s more labor market “slack” than there appears to be (the result of low labor force participation), or employers may be wielding new market clout against workers, or the trend could be a byproduct of the fact that wages are still effectively adjusting from the recession. Or perhaps inequality itself produces a dynamic that drives down wages."


So my opinion that the increase in wages is not meeting expectations is hardly mine alone. So if I'm lying so are most others. Wage growth is computed over a 12-month period, and over the last 12 months ending in June wage growth was at 2.8%.

You're the moron, speedy. The graphs show substantial wage growth during Trump's presidency over what it was doing during Odumbo's presidency, speedy. You're just too chicken shit to concede what is obvious to every other sentient being, speedy.

[LexusLover]

He's still gagging on "crow"!

10-20-2016, 08:03 AM #21
SpeedRacerXXX


This election is OVER. Republicans should start focusing on 2020. Unless a bomb hits between now and November 8th there is no way Trump can overcome the lead that Clinton has in the polls. For those of you who are still not believing the polls . . . we'll see in a handful of days how accurate they are.

Congests his analytical abilities. What few he had in the first place.

[MT Pockets]

Originally Posted by LexusLover

I'm not "irritated." I'm amusing myself. There's a distinction.

Lusty is what one gets when one goes full tilt "sanctuary"!

Like Spitsburg!

Finally! Something we agree on. LOL!

[lustylad]

Originally Posted by LexusLover

I sound more and more like AssUp!

FTFY.

Have you and assup come up with a new, politically inoffensive name for your hometown of Austin yet?

Or are you both too busy dreaming up lame-ass nicknames for Pittsburgh?

Originally Posted by Yssup Rider

...take this shit back to Pissburg?

Originally Posted by LexusLover

Like Spitsburg!

.

[lustylad]

Originally Posted by MT Pockets

You left out the part of what the chart was actually for. It was showing that sub par growth has become a trend. You like to manipulate things or more likely copy and pasted one of your ilks thoughts from some other forum.

A "trend"? You mean like your craving more and more trailer-park dick?

You just copied and pasted someone else's words - after falsely accusing me of doing the same.

How do you explain this supposed trend toward subpar economic growth, empty cranium? Is it a result of "secular stagnation"? Or do you want to go with the handy excuse it is harder to recover from "financial" recessions? Go ahead and explain why it has nothing to do with odumbo. Amazing how his anti-growth policies just happened to usher in a period of... slower growth!

The economy inched ahead by 1.6% in odumbo's last year. Now it's exploding at an annual rate of 4.1%, jackass.

But go ahead and elaborate on your subpar growth "trend". In your own words. If you can. No copy-pasting, ok?

[SpeedRacerXXX]

Originally Posted by I B Hankering

You're the moron, speedy. The graphs show substantial wage growth during Trump's presidency over what it was doing during Odumbo's presidency, speedy. You're just too chicken shit to concede what is obvious to every other sentient being, speedy.

You have presented one chart in your defense. I have supplied you with 5 or 6 links with statements from several people who study the economy for a living all of whom state that the wage growth at this point in time is disappointing and falling short of both expectations and what is considered "good" income growth -- 3.5-4% over a 12-month period.

If you can find maybe two statements by independent analysts who support your belief that income growth is doing well and supply those links then we will continue this discussion. Until then, you've got nothing and it's over and out.

[LexusLover]

There are probably some upper level FBI agents and former agents who would also agree with the "ex-spurts" on how terrible Trump is doing on the economy in comparison to the Clinton-Obaminable years.

After all they have a "sniff test" for deplorables at Walmart.

It's called the "weight" of the evidence ... more of them!

[lustylad]

Originally Posted by SpeedRacerXXX

...the wage growth at this point in time is disappointing and falling short of both expectations and what is considered "good" income growth -- 3.5-4% over a 12-month period.

Can you read a bar graph, speedy? The graph titled "US wages and salaries growth" (which you even copied in your post #95 above) shows the 12-month gain has ranged between 3.9% and 5.4% since last October.

Originally Posted by SpeedRacerXXX

The 3rd chart, average hourly earnings of all private sector employees rose from $26.0 to maybe $26.575 while Trump has been in office. That comes out to a gain of .022% in the 10 month period covered.

You're not very good with decimals, are you speedy? I calculated 2.2%, not .022%. And don't forget to annualize it.

Yeah I know, it still looks lackluster - but learn to do the math right, ok? The chart isn't up to date anyway.

[I B Hankering]

Originally Posted by SpeedRacerXXX

You have presented one chart in your defense. I have supplied you with 5 or 6 links with statements from several people who study the economy for a living all of whom state that the wage growth at this point in time is disappointing and falling short of both expectations and what is considered "good" income growth -- 3.5-4% over a 12-month period.

If you can find maybe two statements by independent analysts who support your belief that income growth is doing well and supply those links then we will continue this discussion. Until then, you've got nothing and it's over and out.

You discounting the graphs because you refuse to acknowledge what they say, and that reflects your childish political bias -- not reality, speedy.

Wage Growth Picks Up

Average hourly earnings rose by 8 cents to $26.92 in May. From a year ago, wages were up 2.7%--better than the 2.6% growth economists had forecast. That's still below precession levels but indicates the falling unemployment rate and strong pace of hiring is encouraging employers to raise pay to secure workers.



(WSJ)

U.S. Wage Growth in June Was 2018's Strongest So Far

(The Motley Fool)