does YWN have a economist on staff to verify postings 😕
>> During Trump’s 4 years there was inflation,
inflation was 2.1%, 1.9%, 2.3%, 1.2% with being 2% or slightly below is considered good.
>> real wages were stagnant
reached pre-carter levels for the first time, equal to SIX term of Clinton and Reagan taken together, with Obama thrown in for free, all in ONE term:
median earnings went
Trump: from 110 to 120 (with 1980 being 100). +10
for comparison:
Obama – from 107 to 108 +1
Bush II: from 104 to 107 +3
Clinton: 98 to 104 +6
Bush 1: 102 to 98 -4 (decline all the time, not just depression)
Reagan 98 to 101 +3 (flat, then up, then down)
the plot modestly stops mid-Carter, showing 104 to 98: -6
[using FRED Employed full time: Median usual weekly real earnings:LES1252881600Q]