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Wage Growth Slows Across the Country (axios.com)
An anonymous reader writes: Wages in the United States are going up, but their growth is shrinking, says Glassdoor chief economist Andrew Chamberlain. Wages should be rising an average of 3%-4% given the tightness of the job market, Chamberlain says. According to official data from the U.S. Bureau of Labor Statistics, wage growth was a lower 2.6% in February. Glassdoor data -- based on a survey of 100,000 salaries posted by the jobs site every month -- show even lower growth, shrinking to just 1% last month.
What do you expect when most of the political establishment is fighting Trump's efforts to reign in immigration and the exploitation of arbitrage by corporate America? We have a state--California--engaging in rhetoric and action that would make John Calhoun's heart swell with pride for its open defiance of any federal policy that might limit the flood gates that are swamping the labor market. Heck, we just had the governor of Oregon boast that she would try to start what is tantamount to a mutiny in the National Guard by ordering them to disobey a federal deployment order.
You scratch through the rhetoric, it all comes down to a defense of the organized business and capital interests that profit from a depressed labor market.
This is just another variation of the underlying sin that lead to slavery: the "I'm gonna get mine and I don't care if I have to cheat another man of his due to get it." That's how we got slavery. It's how we have this massive "compassionate" labor exploitation system based on importing tons of people, legally and illegally.
Who cares.
... but ... what if someone yells "fire!" in a crowded theater!?!?!
Look into the summary and you'll see how fleeting this metric is.
Obama never cracked 3% economic growth over all his terms.
The stock market has grown overall much higher.
Things are growing, which the summary admits.
This is just cherry picking a thin slice of time to help a political cause feel justified about itself in the middle of all the success its opposition is riding.
But
I'm sorry, but these are all very trivial reasons to make your life the personal property of government sprawl.