Stocks soar, wages stay flat

[struggle4progress]

By Heather Long
January 5 at 9:36 AM

... the Dow topped 25,000 for the first time ever Thursday ... There's no doubt the U.S. economy and Wall Street have momentum heading .. but worker pay remains .. flat.

American wages rose a sluggish 2.5 percent last year, according to a Labor Department report released Friday morning. That's the same rate of wage growth as under President Barack Obama ...

The Dow Jones industrial average jumped 25 percent in 2017 .. but those gains largely accrue to the wealthiest Americans ... Almost half of the country doesn't have a single dollar in the stock market ...

https://www.washingtonpost.com/news/wonk/wp/2018/01/05/in-trumps-first-year-stocks-soar-for-rich-but-wages-stay-flat/?utm_term=.7b95002bbc83

[Eliot Rosewater]

1. Average Americans make nothing or next to nothing because of the stock market

[BigmanPigman]

2. Dame old, same old!

Flat wages for workers for 25+ years while the 1% get richer off of them.

[elleng]

3. UNemployment is LOW,

http://www.nbcnews.com/id/38838429/ns/business-us_business/t/states-ridiculously-low-unemployment/#.WlAPAd-nHIU

http://money.cnn.com/2018/01/05/news/economy/black-unemployment/index.html

https://www.cnbc.com/2018/01/05/low-unemployment-means-finding-skilled-labor-can-be-challenging.html

https://www.investopedia.com/news/downside-low-unemployment/

lots of work, still low pay.

http://www.chicagotribune.com/business/ct-wages-stagnant-low-unemployment-20171208-story.html

[whathehell]

7. Yes, they are keeping us busy -- They are simply not paying for it.

Kind of how slavery works.

[bluestarone]

4. i believe tRumps billionaires are

creating a FALSE market at this time

[thegoose]

10. With apologies to the late great Prince

So tonight I'm gonna party like it's nineteen twenty-nine

[spanone]

5. it never 'trickles' down

[whathehell]

6. This. Is. The. Problem.

....and has been for the last 25 +years -- The deliberate hollowing out -- driving down -- of the Middle Class.

[CanonRay]

8. The very definition of non-sustainable growth.

[Thunderbeast]

9. To the owners go ALL of the spoils.

Throughout history, this has never ended well for the ruling class. This time, however they have nukes.

[spooky3]

11. In the not too distant past business school students

Typically sought and received paid internships. Now it appears that most are unpaid.

[pansypoo53219]

12. the casino does not matter. main street does.

[Sharpshooter007]

13. It infuriates me when people call this economy a 'booming economy'

And that goes for both Trump and Obama. For the top 1% it might be.

One of the reasons why Obama really never got the approval ratings for large parts of his 2nd term that Reagan and Clinton got was because of this issue. Its also the reason why democrats got crushed in both 2010 and 2014 mid terms.

The democrats really need to make this there biggest priority and run on it, because they (and the GOP congress) have failed on this issue for far far too long.