Economic growth from Trump economy lifting all educational levels

Chris Deaton:

If you ever get lost inside the data labyrinth built by the St. Louis Fed (here’s to hoping your web browsing takes you to hipper places), you’ll see that there are thousands of ways to evaluate U.S. jobs statistics. While most of those are trending in a positive direction relative to recent history, economists and the business press have identified stagnating wages and the lagging share of adults in the workforce as trouble spots blemishing the improving labor market. That’s how even robust economies operate—there’s always going to be at least a bit of cautionary news, even when the top lines all
seem positive.

Except in this one instance that I found. The numbers seem to show that now is a great time for adults of any educational attainment to be active participants in the workforce (either employed or searching for employment). The unemployment rate in June was a lean 4 percent, the Bureau of Labor Statistics reported on Friday. But it’s not much higher for people 25 and older without a high school diploma: For them, it's just 5.5 percent.

It’s intuitive that workers of a low education level would be hardest hit during economic downturns, as well as have the highest incidence of joblessness in general. The unemployment rate for this group spiked above 15 percent during the nadir of the Great Recession, for example, while it was never worse than 10 percent for the overall economy and about 5 percent for college-educated workers during the same time. Eight years later, job prospects are better for every educational cohort....

You can see how the share of jobless laborers with a high school diploma, but less than a bachelor’s degree, are roughly proxies for the economy in times both good and bad. But workers with a four-year education are the most insulated from poor trends, whereas those of opposite standing are the most exposed to negative market forces. Halfway into 2018, though, no educational group is missing out. (Emphasis added.)
...

There is a chart at the link above that shows the trend.  John Kennedy argued in favor of tax cuts saying "A rising tide lifts all boats."  This shows that truly to be the case with teh GOP tax cuts during the Trump administration.  It also clearly demonstrates that the Democrat mantra of "tax breaks for the rich" is not just misleading but wrong.