One stunning chart undercuts Trump’s favorite economic scorecard “” and shows why its misleading

  • Date: 18-Jan-2020
  • Source: Markets Insider
  • Sector:Economy
  • Country:Egypt
  • Who else needs to know?

One stunning chart undercuts Trump’s favorite economic scorecard “” and shows why its misleading

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.. Over the last three years, President Donald Trump has touted the stock market as one of his favorite scorecards demonstrating the health of the American economy.. The market boom in the Trump era is at odds with the sluggish wage growth in the same stretch of time.. Over the past three years, there's been a gap between stock and wage growth in the United States that's only widening, as illustrated in the graph below.. Wages haven't substantially increased despite the lowest unemployment rate since Lyndon Johnson's presidency 50 years ago.. Alexandria Ocasio-Cortez calls out Trump after news that Amazon plans to hire 1,500 employees in New York City (AMZN) Business Insider 43d. Alexandria Ocasio-Cortez blasts Trump administration for cuts to food stamps, sharing that her family 'might've just starved' without them Business Insider 43d.