• Wages Up for Working Americans — Political Prospects Down for Big-Government Leftistst

    Surge Summary: Wages are up for Americans — bad news for Democrats but great news for hard working men and women. 

    Americans’ wages are increasing across the board, a new economic report finds.

    Inconvenient for Democratic candidates bemoaning the apocalyptic economy, there’s actually good news for America on the dollar-and-cents front.

    From The Patriot Post, Thomas Gallatin reports:

    The Bureau of Economic Analysis released annual revisions to its personal-income report on Tuesday, and the data should encourage everyone: Americans’ wages have been increasing at a healthy rate since President Donald Trump took office.

    Gallatin cites The Wall Street Journal:

    “The revisions show that employee compensation rose 4.5% in 2017 and 5% in 2018 — some $4.4 billion and $87.1 billion more than previously reported. The trend has continued into 2019, with compensation increasing $378 billion or 3.4% in the first six months alone. Wages and salaries were revised upward to 5.3% from 3.6% in May year over year. And in June wages and salaries grew at an annual rate of 5.5%, which is a rocking 4.1% after adjusting for inflation.”

    The data gets worse for the Leftmedia’s cracked narrative which routinely credits Barack Obama — not Donald Trump — for America’s current economic surge. The Journal continues,

    “Employee compensation has increased by $150 billion more in the first six months of 2019 than all of 2016. Compensation increased 42% more during the first two years of the Trump Presidency than in 2015 and 2016. This refutes the claim by liberals that the economy has merely continued on the same trajectory since 2017 as it was before.”

    Bottom line: Today “Americans are earning more and relying less on government.” So, how does this reality square with the leading Democrat presidential candidates’ socialist message of unbounded government providing “free” stuff to whoever sticks out his/her hand, all of it underwritten by “more of the wages of hard-working Americans”?

    For all the overwhelmingly negative press Trump receives, at the very least his policies are proving effective in putting/leaving more money in the pockets of hard-working Americans, giving them more freedom to spend and invest as they see fit. Once again, it’s capitalism, not socialism, that is lifting everyone’s boats.

    It’s quite the contrast to the Democratic Left’s dystopian and dirigiste vision: a nation of victim’s welded to the big government udder for the balance of recorded history.

    They really must hate this kind of good news.

    Image by Gerd Altmann from Pixabay

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