Analysis | U.S. stocks continue to post big gains. But what about wages?

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Qulity Score:
  • News: 32%
  • Publisher: 72%

Analysis: U.S. stocks continue to post big gains. But what about wages?

United States Headlines News

United States Latest News, United States Headlines

A booming stock market therefore has little bearing on the day-to-day lives of most people. This becomes all the more apparent when you compare those gains with the increase in wages over the same period.

Since Trump took office, the Standard & Poor’s 500 index — widely regarded as a barometer of the health of the total market — has climbed about 40 percent. Wages, on the other hand, have advanced just 9 percent during the same period. What’s more, those modest pay gains were largely eaten up by the swelling costs of medical care, housing, education and other necessities.

Relative to prior presidents, Trump is unique in his efforts to claim credit for the market’s performance under his watch. But the underlying trends in the market and in wage growth predate his administration by several decades. Let’s zoom back as far as the data sets allow, in this case to 1964. Ballooning market returns are the primary feature of this chart: Since 1964, the S&P 500 has surged by a whopping 4,116 percent, while wages have climbed a relatively paltry 852 percent . But it also reveals an interesting shift: Stocks rapid surge past wages didn’t begin until well into the 1990s. Before that, the two series were much closer.Given the economy of the past quarter-century, it may seem natural to us that growth in the stock market rapidly outpaces wage growth.

There is plenty of reason to suspect, as many economists increasingly do, that policy choices made in the ’80s and ’90s are big drivers of the income and wealth trends we observe today. Tax rates on the highest earners were

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wages Suck

The Their glass will always be half full when it comes to realDonaldTrump

Stagnant.

We have returned to stocks being the worlds most high stakes casino, decoupled from actual investment or value in the companies themselves.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Banks Post Big Profits Thanks to Strong U.S. EconomyA strong economy is pushing up profits at big U.S. banks, with JPMorgan reporting its most profitable year on record See. Numbers dont lie And the rest of society?
Source: WSJ - 🏆 98. / 63 Read more »

Trump Serves Up Another Happy Meal For The Fast-Food IndustryA new regulation will make it harder for workers to sue big brands over wage claims. cc: ClemsonFB LSUfootball
Source: YahooNews - 🏆 380. / 59 Read more »

Goldman Sachs says Europe's stocks have a huge 'cushion' not seen since the financial crisis | Markets InsiderGoldman's bullish case on European stocks: investors are 'likely to become increasingly focused on US election risk, and less on risks in Europe.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Bernie Sanders picks up backing of influential New Hampshire unionU.S. Senator Bernie Sanders gained the support on Sunday of a large and influent... Without a vote from its members. How very Union; amirite? or maybe strong bernie polls are bullsht, setting up the 'it was rigged' narrative to keep trump in power has bernie ever ONCE acknowledged HIS kremlin support through russian active measure/reflexive control in 2016 and NOW? DO YOUR JOBS AND ASK BERNIE WHY PUTIN LOVES HIM Google AndyStern_DC n see who he supports.
Source: Reuters - 🏆 2. / 97 Read more »

As businesses hold back, U.S. consumers seen boosting big banks' profitsConsumer lending is expected to propel profits for big U.S. banks when they unve... Who wrote this ? Clear as mud ... it is about rising credit card debt at low interest rates( for now ) Omygod another consumer disaster. Waiting to happen ...
Source: Reuters - 🏆 2. / 97 Read more »

Oil gains ahead of U.S.-China trade deal, snapping four-day declinesOil prices rose above $64.50 a barrel on Tuesday, snapping four straight days of... As prior to the phase 2 trade deal between U.S. and China there would be a proposal of de-escalating the tariff war between U.S. China bilateral trade. But with the mid east tensions would aggravate the global price of oil which rose $64.50 a barrel. But the two great consumers The US 🇺🇸 China 🇨🇳 trade war make evident the importance of China as a strong engine: of the 🌎Economy.
Source: Reuters - 🏆 2. / 97 Read more »