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