Posted on 03/02/2016 6:42:44 AM PST by dirtboy
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If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657.
This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above.
Cheap laborers (both undocumented unskilled and skilled H1-B guest workers) and the ability to offshore production and reimport goods into the United States have boosted earnings to record highs. Yet in a mirror-image decline, the share of income going to Middle Americans has collapsed.
Politically, the backlash against this dynamic has been burning slowly for two reasons -- both of which can be traced to the ultra-easy monetary policy of the Federal Reserve over the past 20 some years.
(Excerpt) Read more at msn.com ...
93 million out of the labor force is a bigger factor
The economy is very important, of course—but it is the lying by *.gov and the media pundits about the economy that has gone beyond the pale.
But Clintoon and Obama keep telling us how good our economy is and how the job market keeps expanding and the unemployment rate keeps dropping.
Fixed it.
You said...
“But Clintoon and Obama keep telling us how good our economy is and how the job market keeps expanding and the unemployment rate keeps dropping.’
They can “tell us” anything they want.
It’s what the public sees and experiences what counts
And some folks will believe any thing. ;)
When slamming “trickle down” economics, Dick Gephardt used to say that “The American People are sick and tired of being trickled on.”
A crude scatological line, but it pretty much sums-up where a whole lot of middle-class voters are today. Traditional Club for Growth economics is politically a no-sale to them.
be back bump
I wish the had included the charts in the article.
Many of those are older and retired. Others would quickly find jobs if their welfare bennies were cut off.
Thank God our economy is moving forward and there wasn’t a stupid politician to subsidize farm jobs in the past so we could have stayed a 90% agricultural economy. We don’t need big government central planners like Trump and Sanders to attack our economic freedom and micro-manage our lives.
a) You must mean those prematurely "retired" because their unemployment benefits have run out or who are working part-time because they can't find full-time work.
Truly the "golden" years.
b)The only way those on welfare in most cities would find work is if they killed the Mexicans first.
The US became the world's foremost industrial power at the end of the 19th century behind high tariff barriers.
Those barriers didn't seem to keep us all working on the farm.
The US has enough of its own natural resources and a large enough internal market to have free trade internally: we only truly need foreign trade for what we can't make ourselves, not so business owners can make short-term profits by forcing wages down to Third World levels.
If we follow the course of "free trade", we'll get Third World living conditions and --more importantly-- Third World politics here.
You are so wrong.
The two charts are not at the MSN "source," but they can be seen here.
Go here (same article at Yahoo News).
The idea that we should just “make everything here” is totally preposterous and laughable. You do realize our companies want to SELL their products worldwide? Our economy would collapse if we lost all our international markets. The idea that you don’t WANT to interact with the rest of the world, learn from its people and access its resources is truly myopic and sad.
Total exported goods and services are 13.5% of GDP.
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