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The 800-Pound Elephant – Historically High Job Creation and Rising Wages

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By Aleksandr_K @Shutterstock

During the Democratic debates, it would have been hard not to notice how neither the presidential candidates nor the debate moderators cared to talk about the behemoth in the room– that is, the American economy “in the here and now,” Daniel Henninger points out in the WSJ.

Unless the U.S. Bureau of Labor Statistics is another front for Donald Trump, the reality of historically high job creation and rising wages for people regardless of income level, race, sex or sexual orientation has become impossible not to notice.

Even the New York Times recently admitted the jobs boom was forcing “corporations” to dig deeper for workers: “With the national unemployment rate now flirting with a 50-year low,” it noted that companies are offering work-from-home options to parents, accommodating employees with disabilities, reducing educational requirements and waiving criminal background checks.

The Democrats vying for their party’s nomination have found their bogyman – one even scarier than Donald Trump. Corporations. During their last debate, candidates trucked out their views on how terrifying corporations are ruining the economy.

Spooky Politics

Elizabeth Warren: Corporations “have no loyalty to America. They have no loyalty to American workers. They have no loyalty to American consumers. They have no loyalty to American communities. They are loyal only to their own bottom line.” “I have a plan.”

Cory Booker: Ranted about “corporate tax incentives.”

Amy Klobuchar: Wants a rollback of “what we did with the corporate tax rate.”

Beto O’Rourke: Somehow related a woman he said was working four jobs with “some of these corporations.”

Tom Steyer: The billionaire wants to “break the power of these corporations.”

Joe Biden: Piled on with “corporate greed” of companies that are “not investing in our employees.”

“This 50-year unemployment low—and the self-respect and sense of personal possibility that comes with it—didn’t just happen,” continues Henninger.

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Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.