For wages, a Trump slump

Source: David Leonhardt, New York Times (Paid Registration)

Despite what the administration boasts, the Trump economy isn’t actually so wonderful. For most Americans, it is downright mediocre, and it has deteriorated somewhat since President Trump took office, despite the healthy G.D.P. and unemployment statistics.

When you look at the economic charts and add it all up—faster inflation plus mediocre nominal-wage growth—you get a stagnation in real wages. Welcome to the Trump wage slump.

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