Always offering a “unique” perspective, Congresswoman Alexandria Ocasio-Cortez reacted to the news of the Dow Jones Industrial Average crossing 29,000 for the first time ever by citing it as proof of how horrible the economy is.
“The Dow soars, wages don’t,” she quote. “Inequality in a nutshell” concluded her nine word analysis.
Does this mean she’d praise Trump if the Dow tanked? Who knows.
I guess that despite her $174,000 taxpayer funded salary, he hasn’t set aside any of it for stocks. That’s too bad for her – but why she thinks the Dow’s gains are at expense of wages is a mystery.
Depressingly, the majority of responses to her tweet are in agreement, because much of her fanbase is a younger demographic that’s least likely to own stocks. One of the top comments on her post is that “99% of Americans will not see a dime from the Dow” – from an individual unaware that 55% of Americans own stocks. That still under-represents the extent of equity ownership in America, as roughly a quarter of Americans are under the age of 18 (and thus a group no one reasonably expects to own stocks in the first place).
Wages are increasing under President Trump – and they’re increasing fastest among those with the least. As the National Review’s Deroy Murdock summarized from the Atlantic Federal Reserve Bank’s monthly wage growth tracker: MORE