The Burden of the American Worker

There’s great elation flowing from the various economic bureaus down through President Trump.  They bring a message of good news.  If you haven’t heard, here in the USA, we live, work, and play in the dazzle and delight of an economy where GDP growth exceeds the unemployment rate.

The last time we drank of elation this cool and sweet was the pre-iPhone stone ages.  Back when George Dubya was President.  And when Lehman Brothers was still one of the titans of Wall Street.

Indeed, getting back to this agreeable place has been a long, hard trudge along the road to happy destiny.  But step by step, day by day, a paradise lost has been returned to Eden.  Thank you, Ben Bernanke.

By all official accounts, things have never been better.  GDP, according to the Bureau of Economic Analysis, is growing at an annual clip of 4.2 percent.  The unemployment rate, as reported by the Bureau of Labor Statistics, sits at just 3.9 percent.  But that’s not all…

Pot stocks have become the new bitcoin.  The Dow Jones Industrial Average, after a six month hiatus, is marking new all-time record highs.  And, most importantly, the Dodgers are tops in their division going into the final week of the regular season.  What’s not to like?

Discrepancies

The panoramic vantage from the present summit is both extraordinary and astonishing.  Here, standing at the heights of a quasi-centrally planned economy, we see distortions and discrepancies.  There are pie charts and bar graphs displaying contrived and downright fabricated economic data.  The garbage outputs are very much at odds with the reality of the situation.

The results are bizarre evidence of the determination of the central planners to depict a world that’s unfolding in accordance with an intelligent plan.  A supposed reality where not only does your neighbor get rich…but you do too.  Truly, it’s a laugh and a half, the whole thing.

For starters, the growth is being extracted from the future via massive infusions of corporate, consumer, and government debt.  To dismiss this, is to stretch the truth considerably.  To understand that GDP is, in effect, a measurement of the rate we’re all going broke, makes the spectacle of a 4.2 percent rate of GDP growth an absolute howler.

On top of that, the 3.9 percent unemployment rate is downright ludicrous, if one is in the mood for statistics without any common decency.  What good is a 3.9 percent unemployment rate when the labor participation rate’s at a 40 year low?  And if the unemployment rate’s really at a record low, why are wages stagnating?

These discrepancies help explain the outlandish circumstances all but the crème de la crème of the wealth spectrum find themselves in.  It’s nothing less than a charade.  What to make of it?

The Burden of the American Worker

The general burden of the American worker is the daily task of squaring the difference between the booming economy reported by the government bureaus and the dreary economy reported in their biweekly paychecks.  There is sound reason to believe that this task, this burden of the American worker, has been reduced to some sort of practical joke.  An exhausting game of chase the wild goose.

How is it that the economy’s been growing for nearly a decade straight, but the average worker’s seen no meaningful increase in their income?  Have workers really been sprinting in place this entire time?  How did they end up in this ridiculous situation?

The fact is, for the American worker, America’s brand of a centrally planned economy doesn’t pay.  The dual impediments of fake money and regulatory madness apply exactions which cannot be overcome.  There are claims to the fruits of one’s labors long before they’ve been earned.

The economy, in other words, has been rigged.  The value that workers produce flows to Washington and Wall Street, where it’s siphoned off and misallocated to the cadre of officials, cronies, and big bankers.  What’s left is spent to merely keep the lights on, the car running, and food upon the table.

Should a lowly wage earner expect or deserve anymore?

Certainly, they deserve the rewards and dignity of hard work, saving money, and paying one’s way.  But what do we know?

We still cut our own grass with a push mower, drink our coffee black, and pay our utility bills with hand written checks.

Sincerely,

MN Gordon
for Economic Prism

Return from Burden of the American Worker to Economic Prism

This entry was posted in Inflation, MN Gordon and tagged , , , , . Bookmark the permalink.

44 Responses to The Burden of the American Worker

  1. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

  2. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” - Survive!

  3. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” - Deflation Market

  4. Pingback: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” – Investment Watch Blog – jomaliaband.com

  5. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” - open mind news

  6. Pingback: Proof The Housing Bubble Is Bursting?: “House Sellers Slashing Rates At Quickest Fee In In excess of 8 Many years” – Viralmount

  7. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" – students loan

  8. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – The Deplorable Patriots

  9. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” | peoples trust toronto

  10. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – iftttwall

  11. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” | GEOECONOMIST

  12. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" - Novus Vero

  13. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" | StockTalk Journal

  14. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” | Site Title

  15. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" | Zero Hedge

  16. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" | ValuBit

  17. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” – The American Awakening

  18. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – Conspiracy News

  19. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Slashing Prices At Fastest Rate In Over Eight Years" - noticiasp

  20. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – Forex news – Binary options

  21. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – fastforexprofit.com, ??????? ??????? ??

  22. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - megaprojectfx-forex.com

  23. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – comparforex.com

  24. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - entertainment-ask.com

  25. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – Binarybrokersblog.com – binary options trade forex

  26. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – The Conservative Insider

  27. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – forex analytics forexpic.com

  28. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – forexreadymax.info

  29. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – secretsforex.com

  30. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - forexdemoaccountfree.com

  31. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – mudahnyaforex.com

  32. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - aroundworld24.com

  33. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – top10brokersbinaryoptions.com

  34. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” – Forex news forex trade

  35. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - forex analytics Forex Factory provides information to professional forex traders; lightning-fast forex news; bottomless forex forum; famousl

  36. Pingback: La Preuve De La Bulle Immobilière Éclate?: “Vendeurs De Maison En Sabrant Dans Les Prix À La Vitesse La Plus Rapide En Plus De Huit Ans” – forex-enligne-fr.com

  37. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Slashing Prices At Fastest Rate In Over Eight Years” - pustakaforex.com

  38. Silver Savior says:

    Dubya was a moron but nothing like the orange man.

  39. Pingback: The Burden of the American Worker – Gold Aim Pro

  40. Pingback: Evidence The Housing Bubble Is Bursting?: "Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years"

  41. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” - Survive!

  42. Pingback: Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” – How to survive when SHTF

  43. Pingback: The Jackson Press – Is The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years”

  44. Pingback: The economic collapse:Evidence The Housing Bubble Is Bursting?: “Home Sellers Are Slashing Prices At The Highest Rate In At Least Eight Years” | actualitserlande

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.