Most measures of our economy have to do with corporate health like the Dow Jones Industrial Average that is resting today at just under 26,000. Or the unemployment rate that is currently less than 4 percent. But at the same time corporations are showing billions of dollars in profits, working men and women are receiving average raises of 2.7 percent, less than the 2.9 percent rate of inflation, as reported by William Falk, Editor-in-Chief of The Week magazine (September 14, 2018).
The reason, according to Falk, is an unbalanced accountability. Corporate profits are directed to stockholders and management, not employees. "On Wall Street, rising wages are seen as proof of bad management."
And thus the economy booms for investors and fails for workers.
It makes no sense, but Donald Trump claims credit for the business boom and claims at the same time to be the standard bearer of America's undervalued working men and women, and even though he has done nothing for average wage earners, his political base after all, they continue to stand behind him.
One would think that reason will eventually be returned to her throne. That Trump's political base will eventually see they've been sold a bill of goods from America's slickest snake-oil salesman. Surely they will come to their senses sooner or later, won't they?
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