Wall Streets first 2019 predictions

Apr 2015
11,592
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Banned
#51
Are you so blazingly ignorant that you don't understand the difference between nominal wages and real wages, Libertine?

This is Economics 101 stuff. You're flunking Econ 101.

That 2.9% increase in wages is an increase in NOMINAL wages, NOT an increase in real wages. If REAL wages were rising at a 2.9% rate, that would be something to write home about, all right.

They're not, though. Prices were ALSO rising at a rate of 2.9% from last year. As per the Consumer Price Index or CPI. Surely you know this.

Real wages are NOT 'surging', Libertine. They are STAGNANT.

You're not fooling anyone about this. At least, I HOPE you'[re not fooling anyone. As long as I'm still around here, I am going to do my best to make SURE that you're not fooling anyone.
You are only fooling yourself, you want President Trump fail, even if it hurts America.

US household incomes grew in 2017, yet inequality worsens

"Incomes for a typical U.S. household, adjusted for inflation, rose 1.8 percent, from $60,309 in 2016 to $61,372. The proportion of Americans living in poverty also dropped for the third straight year, to 12.3 percent from 12.7 percent. "
 
Jan 2016
39,596
35,388
Colorado
#52
You are only fooling yourself, you want President Trump fail, even if it hurts America.

US household incomes grew in 2017, yet inequality worsens

"Incomes for a typical U.S. household, adjusted for inflation, rose 1.8 percent, from $60,309 in 2016 to $61,372. The proportion of Americans living in poverty also dropped for the third straight year, to 12.3 percent from 12.7 percent. "
Yes, now that IS a genuine increase in REAL income. That figure IS adjusted for inflation. The 2.9% increase in wages in your previous post, however, was NOT. That figure was just an increase in NOMINAL wages, and was NOT adjusted for inflation. You need to learn to recognize the difference.

So yes, this IS a 1.8% increase in real income for the typical U.S. household. But it mostly comes from working MORE hours. NOT from any increase in real wages. Americans are working MORE hours. That is how they're taking home more pay, more income. We're hard-working little hamsters, we Americans, on our little hamster wheels, running harder and harder. Your article also notes that inequality is still worsening. Interesting, that. The wealth seems to be trickling UP.

Pssst. I think that's by DESIGN!
 
Apr 2015
11,592
1,950
Banned
#53
Yes, now that IS a genuine increase in REAL income. That figure IS adjusted for inflation. The 2.9% increase in wages in your previous post, however, was NOT. That figure was just an increase in NOMINAL wages, and was NOT adjusted for inflation. You need to learn to recognize the difference.

So yes, this IS a 1.8% increase in real income for the typical U.S. household. But it mostly comes from working MORE hours. NOT from any increase in real wages. Americans are working MORE hours. That is how they're taking home more pay, more income. We're hard-working little hamsters, we Americans, on our little hamster wheels, running harder and harder. Your article also notes that inequality is still worsening. Interesting, that. The wealth seems to be trickling UP.

Pssst. I think that's by DESIGN!
Why do you continue to lie?

From BLS.gov:


"Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August
2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average
workweek resulted in a 0.5-percent increase in real average weekly earnings over this period."
 
Jan 2016
39,596
35,388
Colorado
#54
Why do you continue to lie?

From BLS.gov:


"Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August
2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average
workweek resulted in a 0.5-percent increase in real average weekly earnings over this period."
Oh, sheesh, not this shit again. How many times do we have to go through this shit, Libertine? How many times?

WHY do you think Congress spent several hours this summer during the testimony of Federal Reserve Chairman Jerome Powell discussing the issue of falling real wages? Why do think the eminent Mr. Powell called it a 'puzzle'? Are you accusing him of lying? It seems that you are. Or it seems that you think our Congress spent several hours debating the Easter Bunny, or something.

Just stop it, man. Stop YOUR lying.

The MAIN reason real household incomes are up is NOT because real wages are up----they're NOT-----but because many Americans HAVE been transitioning from part-time jobs to full-time jobs. Why don't you brag about that, instead? Then you could at least be factual, and you wouldn't have to hang your head in shame about lying so fucking much.
 
Likes: Babba
Apr 2015
11,592
1,950
Banned
#55
Oh, sheesh, not this shit again. How many times do we have to go through this shit, Libertine? How many times?

WHY do you think Congress spent several hours this summer during the testimony of Federal Reserve Chairman Jerome Powell discussing the issue of falling real wages? Why do think the eminent Mr. Powell called it a 'puzzle'? Are you accusing him of lying? It seems that you are. Or it seems that you think our Congress spent several hours debating the Easter Bunny, or something.

Just stop it, man. Stop YOUR lying.

The MAIN reason real household incomes are up is NOT because real wages are up----they're NOT-----but because many Americans HAVE been transitioning from part-time jobs to full-time jobs. Why don't you brag about that, instead? Then you could at least be factual, and you wouldn't have to hang your head in shame about lying so fucking much.
They are both up.

"Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August
2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average
workweek
resulted in a 0.5-percent increase in real average weekly earnings over this period."

Real hourly wages are up, look:


Nonfarm Business Sector: Real Compensation Per Hour
 
Jan 2016
39,596
35,388
Colorado
#56
They are both up.

"Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August
2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average
workweek
resulted in a 0.5-percent increase in real average weekly earnings over this period."

Real hourly wages are up, look:


Nonfarm Business Sector: Real Compensation Per Hour
Terms of Service Violation

The key paragraph: Inflation-adjusted hourly wages dropped 0.2 percent in July from a year earlier, their worst reading since 2012, according to the Labor Department, amid faster price gains. They’ve grown at an average 0.3 percent annual pace under Trump overall, compared with 1.1 percent during Barack Obama’s second term. Trump’s escalating tariff disputes risk eroding buying power further by driving up prices.

Send your angry, irrational and unhinged letter to the editor at Bloomberg Business News. And to each of your Congressional Representatives, for wasting the dime of the American taxpayer, in spending time discussing what you are claiming is a fictional issue.
 
Likes: MaryAnne
Apr 2015
11,592
1,950
Banned
#57
Terms of Service Violation

The key paragraph: Inflation-adjusted hourly wages dropped 0.2 percent in July from a year earlier, their worst reading since 2012, according to the Labor Department, amid faster price gains. They’ve grown at an average 0.3 percent annual pace under Trump overall, compared with 1.1 percent during Barack Obama’s second term. Trump’s escalating tariff disputes risk eroding buying power further by driving up prices.

Send your angry, irrational and unhinged letter to the editor at Bloomberg Business News. And to each of your Congressional Representatives, for wasting the dime of the American taxpayer, in spending time discussing what you are claiming is a fictional issue.
Why post an outdated cite instead of current data?

Terms of Service Violation

September 13, 2018, 7:30 AM CDT Corrected September 13, 2018, 10:10 AM CDT

"The cooling of price gains, along with what last week’s jobs report showed was the fastest wage increase since 2009, meant inflation-adjusted hourly pay rose 0.2 percent from a year earlier "

"In positive signs for the economy, a separate Labor Department report on Thursday showed that filings for unemployment benefits fell last week to a 48-year low, underscoring a tight job market. "
 
Jan 2016
39,596
35,388
Colorado
#58
They are both up.

"Real average hourly earnings increased 0.2 percent, seasonally adjusted, from August 2017 to August
2018. The change in real average hourly earnings combined with the 0.3-percent increase in the average
workweek
resulted in a 0.5-percent increase in real average weekly earnings over this period."

Real hourly wages are up, look:


Nonfarm Business Sector: Real Compensation Per Hour
For God's sake, even Trump's own propaganda outlet, Fox News, accurately reports that real wages are falling. Here, look and see for yourself:

Sluggish wage growth puzzling, Fed’s Powell says

For employees in production or “nonsupervisory” roles, average hourly earnings actually decreased by 0.1% year-over-year.
 
Jan 2016
39,596
35,388
Colorado
#59
Why post an outdated cite instead of current data?

Terms of Service Violation

September 13, 2018, 7:30 AM CDT Corrected September 13, 2018, 10:10 AM CDT

"The cooling of price gains, along with what last week’s jobs report showed was the fastest wage increase since 2009, meant inflation-adjusted hourly pay rose 0.2 percent from a year earlier "
Why did you OMIT the last part of that sentence, Libertine??

The last part of that sentence said this: following a 0.1 percent decline in July.

That decline was what you WASTED hours and hours and hours of my time DISPUTING over the past few months, troll.

I am glad that we now have the latest CPI data. It does indeed show a VERY modest increase in real wages, a 0.2 percent increase. At that rate of increase, it would take a full decade for the real wages of Americans to rise a whopping 2%. Obviously, we were doing much better during Obama's second term, when real wages were rising at 1.1% per year.

And, Mr. Trump could very easily wreck this extremely modest increase in real wages if he slaps $200 billion in tariffs on China, as that would start hitting goods that American consumers buy, unlike his previous round of tariffs on China. So a celebration may be premature.
 

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