no one here (or anywhere else for that matter) is informed enough to know how energy should be produced that's what price signals are for signals which are distorted by prohibitions, regulations, subsidies, taxes, mandates, etc.
Job growth (though down from June 2016) is always good news. Wage growth is still a challenge. labor participation rate (seemed important under past President) slightly improved but is still near a four-decade high (62.8%). Have to be careful how you spin this... Also curious as to whether the growth is private enterprise or public...
Supply and demand may be a better explanation for why wage growth is "stagnant" - the entire rest of the world is competing with Americans for American jobs. Conversely, Americans really don't compete to go to Bangalore, India to find jobs nor do Americans want to bring jobs in Bangalore, India to the US (i.e. jobs that entail removing human feces from the side of the road). We can extend this to the domestic energy production industry here in the US.
OK, I understand the idea of supply and demand", and also global job competition. But haven't these factors been true for a while now... if so, how do they effect wage growth now versus last year or four years ago etc? Perhaps I am not understanding your point, nor what can be done now to address it?
I really don't want to start another, but I've been meaning to post these tweets, so this seems like a somewhat appropriate place:
It's not an unique problem, pretty much every developed economy have had stagnant wage increase for decades now.
Wage growth is an interesting topic. On the short span it it appears to have variation: https://tradingeconomics.com/united-states/wage-growth But the longer history, it appears flat, especially when looking at "real" wages. So why? http://www.pewresearch.org/fact-tan...rs-real-wages-have-barely-budged-for-decades/
Which is why any intelligent person knows that coal, gas, or nuclear is the base load and renewable energy supplements it. None of the scary, higher electric cost predictions have come up true in America despite renewable energy breaking out within the last several years. I truly don't understand people's fear of change.
Coal, oil, and gas are all hydrocarbons but that doesn't mean they are the same. Burning natural gas doesn't produce particulate matter or smog forming VOXs that coal and oil does.
This. The issue is the developing world catching up with the developed world. The wage growth is going to places like India while slowing down in places that have rapidly developed, like China.
Which is why a strong safety net is vital. It costs more money in the long term by being cheap in the short term.
It would be nice if we could support American jobs by taxing oil imports in order to favor the production of domestic natural gas as a substitute. It could go along way in erasing the past years of racist neoliberal job stratification.
Wages aren't growing because we aren't producing anything new in the last twenty years Worker efficiency is also stagnant Wages don't just go up because time passes. There has to be an economic reason
You best start advising Trump then... https://www.bloomberg.com/graphics/...-organic&utm_source=twitter&utm_medium=social
