Under Trump, Americans Have Seen Their Best Wage Growth in 40 Years
Many on the left refuse to admit President Trump’s populist policies have provided massive benefits to working-class Americans. Matthew Yglesias argued at Vox that Trump’s refusal to endorse a federal $15 per hour minimum wage proves Trump has abandoned populist ideals. Progressives claim the Trump economy helps billionaires, not workers, and snidely dismiss his outreach to minorities.
Yet, during the first three years of the Trump presidency, wage growth was off the charts, especially for low-income workers and African Americans. The third-quarter economic data released Thursday confirm once again that Trump is on the job for U.S. workers.
The Biden campaign has tried to tie COVID-linked economic devastation to Trump’s leadership. The new third-quarter economic data once again shows that’s wrong. The total number of U.S. wage earners increased more than 5 percent in that period, and the third-quarter rebound for African Americans occurred at a 17 percent faster rate than for wage earners as a whole.
Trump campaigned on exiting the China-centric Trans-Pacific Partnership and renegotiating North American Free Trade Agreement (NAFTA). Trump claimed his tax and trade policies would benefit American workers.
Even though evidence shows they are highly effective, Trump’s economic ideas have consistently underwhelmed pundits. Democrats hated his tax cuts. Liberals predicted a worldwide economic crisis if he was elected in 2016 and scoffed at Trump’s “middle class miracle.” Leading up to the 2016 election, economists including eight Nobel laureates derided his economic ignorance and called his proposals “magical thinking.” (Read more from “Under Trump, Americans Have Seen Their Best Wage Growth in 40 Years” HERE)
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