Politicians, Mr. Trump, Voters … and Reality

Labor Force ParticipationThe percentage of Americans working is nearly back down to the time when housewives stayed home, in the 1970’s. But it is not housewives now, it is young people who are not leaving home because they cannot afford to leave.

Average wages are in a continued decline:

Median Household Income

If you buy your food and pay your bills, you know what the real cost of living has been doing. And if you pay attention, you know that our political leaders have been importing as many cheap labor competitors as they can manage, to lock this into place and thereby return America to competitiveness in the world, at a cost of forcing the world’s average living standards onto Americans. No free lunches, right?

Mr. Trump objects to the importation of cheap labor, but he ignores the issues of high labor costs in a competitive world and of how you build a wall without Congressional support. He sounds good but a bit unreal to us. Better than the rest, but still selling used cars rather than reality.Damn!

The U.S. government is running on borrowed money to fund its deficits. Loans have to be repaid in the future, so we are mortgaging our future expectations, spending them now and thereby eating up any future improvements in advance of receiving them. Our next several wage raises are already mortgaged and spent. Mr. Trump hasn’t addressed that; of course, nor has anyone else. But it’s out there, awaiting our arrival to trip over it.

It would be nice if our leaders would face reality and talk to us about it, right? But then, we probably wouldn’t elect them, would we? We aren’t too big on reality …

 

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About Jack Curtis

Suspicious of government, doubtful of economics, fond of figure skating (but the off-ice part, not so much)
This entry was posted in Ecomomics, Goverrnment, Politics, Uncategorized and tagged , , , . Bookmark the permalink.

2 Responses to Politicians, Mr. Trump, Voters … and Reality

  1. Yep. Another problem with those median wage charts is that they are based on averages, so the median wage for my depressed area is about 40 grand. What that doesn’t explain is that the majority of people here actually make about 27 grand, well below poverty. The gap between the working class and the well off has just exploded. The “well off” being primarily hospital commissioners, school officials, prosecuting attorneys, and assorted other government workers. What that situation causes is tension, a powder keg really.

    • Jack Curtis says:

      “Tension” indeed. Massive shifts such as a temporarily large middle class returning to the historical norm, proletariat status, seem unlikely to occur happily, Add the governmentally created economic preferences for bureaucrats over productive private sector workers and stirring will not be necessary; that mix will provide its own…

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