Faced with a robust economy Democrat candidates for President lie about it
Washington Examiner Editorial:
If the premise of an argument is false, what does that tell you about its conclusions?The Trump economy is lifting millions out of poverty and dependency. It has done more for the previously unemployed than any economy in recent memory. Democrats faced with this reality have decided to lie about it. Black unemployment is at an all-time low. The same goes for Hispanic unemployment. If Democrat candidates can't be honest about something so obvious why should they be trusted at all?
This is the problem facing Elizabeth Warren and other leading Democrats after the first presidential primary debate. Warren, Cory Booker, Beto O'Rourke, and other candidates all apparently believed that in order to sell their socialism, they needed to establish the premise that the Trump-era economy simply isn’t working for anyone besides the filthy rich.
Warren says that the U.S. economy is “doing great, for a thinner and thinner slice at the top." O’Rourke and Booker made a similar claim: that the wealthy are pulling away and leaving behind the working class in today’s economy.
But this premise is false. Yes, the past 60 years have seen deadly stagnation for the working class. But over the past few years, the U.S. economy has been lifting all boats. It's been a remarkable thing to watch because it is so unusual.
Hourly wages have risen by 7% since President Trump took office. And the hourly wage has risen far more among blue-collar workers. Production and nonsupervisory workers have seen an 11% increase, according to the Bureau of Labor Statistics.
This is just one telling data point undermining the claim of supposed wonk Elizabeth Warren. There are plenty of others.
For starters, the unemployment rate is a startlingly low 3.8%. That means fewer people are out of work. Since the low rate has persisted for many quarters, there has been a bidding war for labor. Throw in the expanding size of the labor force, and suddenly employers are desperate for workers. That’s good for workers, better than it's been in anyone's recent memory.