Drudge Retort: The Other Side of the News
Friday, August 10, 2018

Wages in the U.S. fell over the past year despite an ongoing economic boom, according to data released by the Bureau of Labor Statistics on Friday. In the last 12 months through July, real average hourly earnings dropped 0.4 percent. That figure takes into account seasonal differences, as well as the effects of rising prices. An increase in the length of the average workweek was not enough to compensate for the fall, leaving average weekly earnings down 0.1 percent in the same period. Over the past month alone, real hourly wages were flat, while real weekly earnings dropped 0.2 percent.

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Wages in the U.S. fell over the past year despite an ongoing economic boom, according to data released by the Bureau of Labor Statistics on Friday.

In the last 12 months through July, real average hourly earnings dropped 0.4 percent.

It's a miracle of Dotardian proportions. MAGA!!

#1 | Posted by reinheitsgebot at 2018-08-10 11:06 PM | Reply | Newsworthy 1

United States Wages and Salaries Growth 1960-2018 | Data | Chart
Wages in the United States increased 4.89 percent in May of 2018 over the same month in the previous year. Wage Growth in the United States averaged 6.20 percent from 1960 until 2018, reaching an all time high of 13.77 percent in January of 1979 and a record low of -5.77 percent in March of 2009.

#2 | Posted by Sniper at 2018-08-11 12:13 PM | Reply

"Wage Growth in the United States averaged 6.20 percent from 1960 until 2018"

Total horse crap. The authors are adding inflation to their wage growth numbers. IOW, they'd flunk out of an Econ101 midterm.

And Sniper, when someone else says something, you've got to quote and cite. Otherwise, you're plagiarizing.

#3 | Posted by Danforth at 2018-08-11 12:21 PM | Reply

Those tax cuts for the rich are working exactly as the Republicans planned them to.
Realize that when consumers can't afford their car, house, credit card and student loan payments we will have another Bush Recession or perhaps a depression. Keep kidding yourselves Republicans, we told you the last time that the "great Bush economy was a house of cards," you didn't listen then and you won't listen now. Gotta consider that you're just stupid.

#4 | Posted by danni at 2018-08-12 07:17 AM | Reply

#3 | Posted by Danforth

So, sue me.

#5 | Posted by Sniper at 2018-08-12 01:43 PM | Reply

"So, sue me."

Nah. Making fun of your idiocy is too much fun.

#6 | Posted by Danforth at 2018-08-12 01:58 PM | Reply

Looks like Rein, Danni and Danforth are all in on Priorities USA's latest guidance for the DNC from August 3, 2018:

Now that the Tax Cut narrative has failed to produce as expected, certain aspects of the economy are significant vulnerabilities to focus on for Trump. Only 35% say that Trump's economic policies are good for people like them, and only 33% report a favorable opinion of the Trump-Republican tax bill. By 47% to 22%, voters say things are getting worse rather than better in terms of wages keeping up with the cost of living – a significantly more negative result than our February measurement. By a 20-point margin, voters say increases in the cost of living have outstripped any tax cut they may have received.
Good to see all the little soldiers parroting Priorities USA new economic narrative now that the prior narrative "failed to produce as expected."

TFF

#7 | Posted by Rightocenter at 2018-08-12 02:28 PM | Reply

"Looks like Rein, Danni and Danforth are all in on Priorities USA's latest guidance "

I never got any memo, I just read the tax code and did the math.

But since you brought it up, what was your reaction when you read the code and did the math? is the new tax code a good thing, or a bad thing?

#8 | Posted by Danforth at 2018-08-12 02:41 PM | Reply

"33% report a favorable opinion of the Trump-Republican tax bill."

Since it only really benefits the 1%, that means 32% of the country are die-hard idiots.

#9 | Posted by Danforth at 2018-08-12 02:43 PM | Reply | Newsworthy 1

"what was your reaction when you read the code and did the math? is the new tax code a good thing, or a bad thing?"

I'll take "Questions That Will Never Be Answered for $400", Alex.

#10 | Posted by Danforth at 2018-08-12 02:45 PM | Reply | Newsworthy 1

Geez, ROC sure ran away fast when challenged.

What, no retort?

#11 | Posted by Danforth at 2018-08-12 03:16 PM | Reply

"Good to see all the little soldiers parroting Priorities USA new economic narrative now that the prior narrative "failed to produce as expected.""

I've never visited any web site named Priorities USA in my life. I have held the same economic views since my early twenties and certainly since my first day posting here. ROC makes stupid comments like that only because he enjoys being laughed at.

"I never got any memo, I just read the tax code and did the math."

Exactly, that ROC thinks he is on the same level as Danforth is completely ridiculous.

#12 | Posted by danni at 2018-08-13 10:28 AM | Reply

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