Liberals have to find something ELSE to WHINE about after this report about WORKER WAGES

For the longest time I’ve been seeing liberals try to tear down the economic growth since the 2016 election by citing stagnant wage growth.

Wow, 440 retweets.

Oh.

Oh really.



Well they’re all gonna shut up real sooper quick after this latest report:

Compensation for workers rose to a nearly 10-year high in the second quarter as inflation pressures continued to percolate in the U.S. economy.

The employment cost index increased 0.6 percent for civilian workers in the three-month period ending in June, according to a Bureau of Labor Statistics release Tuesday. That brought the 12-month rate up to 2.8 percent, the highest level since 2.9 percent in the third quarter of 2008, amid the financial crisis and the Great Recession.

I was beginning to wonder about this since the unemployment rate was so low, it followed that a tighter employment market should drive wages up eventually.

And they did, eventually:

“With the labor market tightening, stronger wage pressures should continue to feed through into higher inflation over the rest of this year,” Andrew Hunter, U.S. economist at Capital Economics, said in a note.

The index draws from a sample of 27,200 observations of some 6,600 private businesses as well as 8,000 observations from 1,400 government offices.

Wages and salaries rose 0.5 percent for the quarter and 2.8 percent for the 12-month period, while benefits costs increased 0.9 percent and 2.9 percent, respectively.

Private industry compensation was up 2.9 percent, a substantial rise from the 2.4 percent recorded as of June 2017. Government compensation increased 2.3 percent for the period, which actually was a pullback from the 2.6 percent gain recorded in June 2017.

Now, if Democrats were actually pro-worker, they’d be happy and get all #MAGA over this right? LOL!! Yeah no.

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