Economy Helping People

For John, BLUF:  I think Democrats running on the economy will lose votes.  Nothing to see here; just move along.

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Average US salaries on the rise thanks to booming economy

From The NY Post, by Mr John Aidan Byrne, 18 May 2019.

Here is the lede plus one:

US employers are stepping on the accelerator — and that’s lifting average salaries and fueling record raises across many sectors.  For the typical American worker, pay increases could soon surge past 4 percent or 5 percent for the year, according to labor experts.

By any stretch, the number crunchers say, it’s a big jump to catch up on the anemic salary growth over the past 10 years, thanks to the law of supply and demand and a booming economy.  Job openings recently surpassed the number of unemployed by 1.3 million. And it’s starting to trigger bottlenecks.

For example, a trucker shortage — precipitated in part by a surge in factory orders — is forcing one company to grease the wheels with some of the industry’s largest payouts of as much as $3,100 in weekly take-home pay.

I am blaming President Trump for this problem.  He has created a psychology where in people who create jobs believe that the economy is expanding and the reduction in restrictive rules is making business easier.

Hat tip to the InstaPundit.

Regards  —  Cliff