Reuters Trump has repeatedly touted the stock market as a scorecard to show the economy is strong and reaching new highs. But the stock market doesn't entirely reflect the state of the economy. There's a widening gap between wage and stock growth, and its only accelerated in the Trump era. The S&P 500 has climbed more than 40% since Trump took office in 2017, compared to only a 9% bump in wage growth during the same period. Even with larger paychecks, employees now have to deal with the rising p...
One stunning chart undercuts Trump's favorite economic scorecard -- and shows why its misleading
Business Insider - 18 Jan 2020 15:35
Reuters Trump has repeatedly touted the stock market as a scorecard to show the economy is strong and reaching new highs. But the stock market doesn't entirely reflect the state of the economy. There's a widening gap between wage and stock growth, and its only accelerated in the Trump era. The S&P 500 has climbed more than 40% since Trump took office in 2017, compared to only a 9% bump in wage growth during the same period. Even with larger paychecks, employees now have to deal with the rising p...
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