- Messages
- 3,954
- Reactions
- 9,168
The Trump Economy is TBD...IMO, and that of most Economists it takes about 1 year for the Economy to be moved by the Executive Branch (the Fed can move the Economy quicker, but is normally slower to act). So we started the Trump impacted Economy in the 1st quarter of this year. The current Economic recovery has been going on since 2013.
The downside of the current Economic recovery, that no one can explain, is why wages are NOT rising? With the current employment numbers, we should be seeing larger wage increases, but we are not. This could be Automation, off-shoring, or some other factor...but is the biggest drag on the recovery.
This ^^^ has not been my experience, in our industry sector. Our customer's stock prices went up the day after the election - their words not mine. We've been very busy ever since. I did a raise for everyone in December 2017, another one in April, and I just gave my foremen raises today. I'm writing a bonus next Friday for the shop staff. I have to do this to keep my competitors from poaching my guys.
Sure, if you're a lazy intellectual currently sitting in an air conditioned government office downtown, then you are not going to see any more money in your paycheck, because, why?? If you work in a not-for-profit, that depends heavily on donations, then of course, you are struggling after the Trump the tax cuts.. If you spent $80k on a Bachelor's degree in English, then have fun living with Mom & Dad. I know many people in these predicaments. These people bring down the averages. These people also never vote for Republicans.
Skilled workers are in very high demand, many of them earning 6 figures. There is a terrible shortage in manufacturing, and construction. My wife and I just finished building a house and they are desperate to find more workers in the trades. Enrollment at the CTEC school in Salem is booming, and graduates are getting hired at a very nice living wage, with only a high school diploma.