These 3 charts show how Trump's blue collar boom is more of a bust for US workers.
And yet his followers will believe only the orange anus!
Scratch the surface =eewww it's all ORANGE.
He is a pathological LIAR. LIKE plant 1trillion trees he stated in" address" ; the nature program I regularly listen
to-LIVING ON EARTH( National Public Radio) state it's not practical; we would have to plant trees over an area equal to Texas.-his solutions have no DEPTH; worst they distract &
distract from what EXPERTS say we need to start(and it
AIN'T a BANDAID) . He is withholding aid to Puerto Rico
because HE senses the presence of curruption.(contrary
to what OXFAM stated about the situation) All knowing
with a distinct persecution complex.Like his super economy
which Obama left in his lap.
The effect of inflation and fringes
The Bureau of Labor Statistics comes out with two sets of data on wages.
Business journalists and financial markets tend to focus on the monthly data. These figures are only reported in nominal or current terms because the inflation data doesn’t come out until later.
A more complete set of wage and pay data is reported quarterly. The latest release came out in December for the third quarter. These figures are not only adjusted for inflation but also include fringe benefits, which account for just under a third of total compensation.
At first blush, it makes sense to focus primarily on the first set. Newer data is, well, newer, and market participants and companies prefer the latest information when making decisions about investments, hiring and so on.
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But the effect of inflation means that the same US$1 bill buys less stuff over time as prices increase.
From December 2016 to September 2019, nominal wages rose 6.79% from $22.83 to $24.38. But after factoring in inflation, average wages barely budged, climbing just 0.42% in the period.
Incorporating fringe benefits into the picture adds another wrinkle.
The inflation-adjusted or real value of fringe benefits, which include compensation that comes in the form of health insurance, retirement and bonuses, declined 1.7% in the three-year period.
The Trumplicans aren’t smart enough to figure this out and since Fox News will never have this information available, they will never know.
They ONLY believe their orange god anyway.