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
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