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| Economy |
| Blue collar boom? College grads, baby boomers big winners in Trump's economy |
| 2020-02-09 |
| WASHINGTON (Reuters) - U.S. President Donald Trump rolled out an eye-catching statistic in his State of the Union address Tuesday: the wealth held by the poorest half of American households increased three times as fast as the wealth held by the "1%" since he became president. That’s true, according to Federal Reserve data. On average, Americans have seen a 17% jump in household wealth since Trump’s election, while wealth at the bottom half has increased 54%. "This is a blue collar boom," Trump also said Tuesday. That’s less apparent. The biggest winners on a dollar basis were a familiar group - whites, college graduates, and people born during the "baby boom" between 1946 and 1964. Since December 2016, President Barack Obama’s last full month in office, aggregate household wealth has increased by $15.8 trillion, but the vast majority went to groups that have tended to accumulate wealth in the past. Even with a 54% increase in their household wealth under Trump, the poorest half of American households, around 64 million families, still have just 1.6% of household "net worth." |
| Posted by:Besoeker |
| #13 They are trying to do away with the need for plumbers in Scat Francisco with free range evacuation. |
| Posted by: M. Murcek 2020-02-09 20:05 |
| #12 Absolutely, as well as competent wood and concrete artisans |
| Posted by: Frank G 2020-02-09 19:11 |
| #11 Electricians do well also. |
| Posted by: JohnQC 2020-02-09 17:11 |
| #10 Son-in-laws a plumber. They make good coin and have steady work. Always will |
| Posted by: Frank G 2020-02-09 16:21 |
| #9 Funny, years ago I read of an old Turkish saying relating to the need for sanitation workers and plumbers , it went something like , "Whenever you have people you have shit. " |
| Posted by: Thaith Elmeresing6163 2020-02-09 16:20 |
| #8 When you need a plumber, you really need a plumber and you will pay the man. |
| Posted by: Abu Uluque 2020-02-09 15:28 |
| #7 When I was staking claims, building diamond core drill sites, surveying, etc in Alaska while working the summers, we college students always thought of us as professionals. We wore ties to the job site. They were made from orange surveyors flagging, tied up with a Windsor knot. In the winter time, chickadees would fly up to the window sills and beg a handout. We would put little flagging ties on them. They would puff out their feathers in the cold and look quite dapper with their ties. Then we would give them a feed. Six chickadees on the sill puffed up in line with ties. they looked quite professional. |
| Posted by: Alaska Paul 2020-02-09 15:20 |
| #6 an American plumber is considered wealthy by a lot of 3rd world Master plumbers make more than most American white collar workers, too. It’s just that they have their names embroidered on their shirt pockets and don’t wear ties on the job. |
| Posted by: trailing wife 2020-02-09 13:59 |
| #5 #4 yes, in time. |
| Posted by: Dale 2020-02-09 12:48 |
| #4 It has been noted that an American plumber is considered wealthy by a lot of 3rd world women and American men for the most part have a reputation of not beating on their wives. So it could be the blue collar population will increase while the white collar women will depopulate. |
| Posted by: Thaith Elmeresing6163 2020-02-09 12:11 |
| #3 Maybe the poorest Americans need to go back to the drawing board. As the fictional Gus Fring said, 'To be poor, anybody can manage. One must learn to be rich.' |
| Posted by: Cesare 2020-02-09 11:30 |
| #2 Yes, they marry the Jr VP and then have an affair with the electrician. |
| Posted by: M. Murcek 2020-02-09 03:03 |
| #1 Over 200 some grants for women and 60 grants for men has had a major impact on women college growth. So as men turn away from college trade skills are an excellent choice for men. The better collage educated women take the office jobs and higher pay and find no men on par with them. So the men in a major way have lost interest. The women have short term interests and in their years of prime are active with a small group of men. The same men. Never satisfied at the end they make do if they do at all. Boredom then comes into play after a few months and off they go. Then possibly the man is tagged with child support. Perhaps loss of his own assets. Women work this very well and have gender support. This is the current way in the industrialized world. So going single for men is the way to go. Play video games. Eat pizza and drink beer. Hang out with the guys. No grow up talk. No lazy man talk. No endless demands. Peaceful life is the life to be. No endless drama. |
| Posted by: Dale 2020-02-09 02:34 |