AT: The Dallas Federal Reserve recently stated the “average individual wage growth” is currently 5 percent, about 2.1 percent higher than the commonly reported growth rate.
Democrat economists and their media fellow travelers, such as NPR and the Washington Post, argue that President Trump’s tax cuts and economic expansion have failed to increase the standard of living for American workers.
The Board of the Dallas Fed asked, “Is Wage Growth Higher than We Think?” Their economists point to the U.S. unemployment rate plunging from 5.8 percent, when President Trump was elected, to the current 3.7 percent — the lowest rate in almost 50 years. Yet the Bureau of Labor Statistics (BLS) is reporting an “average hourly earnings” growth of 2.9 percent. Trump critics argue that subtracting the 2-percent average inflation rate, workers’ real wages are growing by only 0.9 percent.
The Dallas Fed’s economists highlight that the “average hourly earnings” (AHE) growth is not the same as the “average wage” growth experienced by most workers, because AHE “reflects the ‘earnings share’ weighted average growth in wages and hours, as well as ‘composition effects’ arising from earnings differences between individuals entering and exiting the workforce.”
The Bureau of Labor Statistics develops its earnings growth by surveying 440,000 businesses for salary and hourly employee payroll expenses over a four-month period. The BLS waits eight months and then surveys the same businesses for three months in a row. The 15-month period is then “smoothed.” The BLS then divides the compensation paid over the number of hours to determine what it trumpets as the earnings trend. more here
Looks like those minimum wage laws are finally taking effect and working. (sarc)
…maybe these people will even get to keep their jobs.
The “Federal Reserve system” members are for profit scamsters that have been robbing American workers of their rightly earned income since 1913. A lot of fancy, worthless words in this article by double-talking thieves. The income taxes ripped off American workers pay the dividend profits to all the super-wealthy, PRIVATE owners of the NOT-federal bank. It is unethical IRS taxes (established by the FRS powers) that deplete hard-earned earnings from every American worker, for whom they shed no tears.
The Federal Reserve Fraud
and the “Invisible Government”
*****
“No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts.”
Article 1, Section 10, united States’ Constitution
“”We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. Some people think the Federal Reserve Banks are U.S. government institutions. They are not government institutions. They are private credit monopolies; domestic swindlers, rich and predatory money lenders which prey upon the people of the united States for the benefit of themselves and their foreign customers. The Federal Reserve Banks are the agents of the foreign central banks. The truth is the Federal Reserve Board has usurped the Government of the United States by the arrogant credit monopoly which operates the Federal Reserve Board.” [Congressman Louis T. McFadden, Chairman of the House Banking & Currency Committee, speech on the floor of the House of Representatives, June 10, 1932]”
https://www.healthfreedom.info/Federal_Reserve_Fraud.htm
Head of Bank of Israel Slated to Become Vice Chairman
Federal Reserve a Jewish Institution
“Every major U.S. bank is run by Jews. So, Israel is in charge of our financial system.”
“Americans falsely believe that the Fed, which took over our banks and stock markets in 1913 under Zionist stooge Woodrow Wilson, looks out for the U.S.A. They are wrong. The Fed Reserve System is set up as a global concern for the benefit of rich Jews.”
https://texemarrs.com/022014/fed_reserve_jew_institution.htm
The Federal Reserve Explained in 7 Minutes
June 26, 2017
http://www.renegadetribune.com/federal-reserve-explained-7-minutes/