But the stock market doesn't entirely reflect the state of the economy.
The market boom in the Trump era is at odds with the sluggish wage growth in the same stretch of time. Over the past three years, there's been a gap between stock and wage growth in the United States that's only widening, as illustrated in the graph below. , widely accepted as a strong gauge of market health, has climbed more than 40% since Trump's inauguration in 2017. By contrast, the average hourly wages of workers only climbed 9% during that period.
Even if they took home slightly bigger paychecks, employees have also confronted with the rising price tag of housing, education and skyrocketing healthcare costs some economists now compare to
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley: Amazon Prime one-day shipping will pay off in long run - Business InsiderMorgan Stanley is even more bullish about Amazon's investment in one-day shipping as it raises its price target: 'This build phase shall too pass'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump has 'enabled' autocrats like Putin to become presidents for life - Business InsiderTrump's tendency to coddle dictators has 'emboldened' them and exacerbated attacks on democracy worldwide, experts warn amid a week in which Russian President Vladimir Putin is seemingly taking steps toward becoming president for life. these two are the worlds real leaders of terror and embezzlement I Blame Russian,With what Putin is Doing,he's helping Trump,he's planning on doing the same,with the help of Putin
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump spox won't hold briefings due to reporters 'grandstanding' - Business Insider'They don't want information, because my team and I give them information every single day...they want a moment, they want their moment on TV so they can peddle their books,' Grisham said of the press. Yes, yes, of course. Way to flip the truth on it's head. I bet she writes a book someday
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump impeachment odds, according to political betting site PredictIt - Business InsiderOn the website PredictIt, people can place bets with real US dollars on big political events — including Trump's impeachment hearings.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump asks US allies for help with Iran, but they've abandoned him - Business InsiderTrump has spent much of his presidency insulting NATO allies and went against the UK, France, and Germany in withdrawing the US from the nuclear deal. What a surprise olivieytruliey Anyone with a brain would abandon Trump. Asking other nations to pull their weight is somehow a negative thing. Calling out nations on hypocrisy needed to get done by the way.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Trump complains about impeachment in rant to LSU team - Business InsiderTrump told the LSU football team that though there have been bad presidents they've got a 'good' one at the moment, adding, 'even though they are trying to impeach the son of a b----.'”
Source: BusinessInsider - 🏆 729. / 51 Read more »