MURDOCK: Wages Soar for Those With the Least Under Trump

  • 2020-01-14
  • Source: TTN
  • by: TTN Staff
 
Wages are soaring and the economy is strong under President Trump. Democrats want you to believe that the rich are getting richer and the poor are getting poorer while presidential candidates say wages have stagnated.

In Deroy Murdock's latest piece for National Review, he proves that they are liars.

Hard data show that wages have increased at the fastest rate for the bottom 25 percent of wage earners. These data are the absolute antithesis of the Democrat argument.

According to Deroy Murdock in National Review:

It’s an article of liberal faith: Thanks to President Donald Trump’s $1.5 trillion Tax Cuts and Jobs Act, the prosecco is popping on Wall Street, while the unsold Pepsi gathers dust on Main Street, where Americans are too poor to buy soft drinks.

Joe Biden, Elizabeth Warren, and Bernie Sanders all moan about the alleged sad state of the economy and the ills it is bringing on the middle class.

These grim, lachrymose myths cannot mask this incredibly upbeat fact: The sparkling wine is flowing on Wall and Main streets, and it’s running more rapidly on Main, where take-home pay is expanding the most among those with the least.

Never mind the liberal lies. Hard data reveal this reality. The Atlanta Federal Reserve Bank’s monthly Wage Growth Tracker shows that Americans are making more money, particularly those who have been forgotten for decades.

 

Between November 2018 and November 2019, overall median wage growth climbed 3.6 percent, a healthy pace that should lift spirits, too. Those in the bottom 25 percent saw wages advance 4.5 percent, while the top 25 percent lagged, with pay rising just 2.9 percent. This is the 180-degree exact opposite of what Democrats relentlessly bellow. They have equal access to the Atlanta Fed’s website. This confirms their rank dishonesty.

As Murdock points out, everyone is benefiting. Overall wage growth is 3.5% while the figure for non-whites is 4.3%. This incredible number confirms the colorblindness and lack of prejudice of sound economic policies.

 Source: TTN

People, Places & Things

Article Index
X