Sunday, January 22, 2017

On average, I'm getting screwed

This post is a quick reaction to some comments in the media on 1/22/17 regarding the inaugural address by President Trump. The theme of the comments was about how "dark" the address was regarding the United States, in that it emphasized things that were wrong in America. In contrast, several media figures provided positive statistics that reveal declining unemployment, rising wages, expanding exports, rising stock market, etc. In short, things look good in America so why did Trump emphasize the downside of everything. The answer is that ON AVERAGE everything does look good, but the people who voted for Trump are located at one end of the distribution on income, employment, and wages.