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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: Lapsody   😊 😞
Number: of 84359 
Subject: Dems have betterf Econ Performances
Date: 03/05/24 1:00 AM
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Well whadya know? Dem Publicans got dose MAGA boys fooled. :)

Democratic Presidents Have Better Economic Performances than Republican Ones

<snip>From 1980 through 2019, according to the BLS, production and nonsupervisory workers received real wage increases that were a staggering 40 times greater annually when Democrats held the presidency than when Republicans did. The average real wage going to these workers in 2019 for a full-time employee over a year grew by $210 during the 23 years after 1980 when Republicans occupied office, versus an increase of $5,975 during the 16 years that Democrats held office. Wage stagnation was nearly exclusively a Republican phenomenon.

Let’s look at a different metric: the median wage for all workers. Based upon full-time work over a year, it increased a meager $740 over Republicans’ two-plus decades in office versus a $7,500 increase during the 16 years of Democratic control. That’s nearly 15 times more per year than under Republicans.

Symbolized by the landmark United Auto Workers wage deal, the post-pandemic economy, since mid-2022, has brought real wage growth to America’s workers under Biden that not only outstripped Trump’s best year, but also surpassed the net real wage increase for production and nonsupervisory workers that occurred over the Republicans 23 years in charge of the presidency since 1980. (It is true that wages suffered under Biden while the pandemic was still widespread due to the now-diminished surge in inflation. See Robert J. Shapiro’s “Why Biden’s Good Economic News Hasn’t Helped Him Politically—So Far” and his many other pieces on Biden’s economic record.)

Similarly, for job creation, the private sector generated barely one-half the jobs annually under Republican administrations from 1980-2019 as it created under Democratic ones—950,000 private-sector jobs per year on average under Republicans up to the start of the pandemic versus 2.1 million jobs annually under Democrats. Following the pandemic, under Biden, the economy has generated 2.7 million jobs per year, practically three times the Republican average.<snip>

washingtonmonthly.com - Democratic presidents have better economic performance than republican ones

Many Democratic policies accent incentives to stimulate owners and managers to spread the gains from growth and boost wages for average workers. These policies can be called ‘pre-distributionist’ because one of the effects of the policies is to lift workers’ incomes through wage gains from businesses within the economy rather than through redistribution through government programs.

They do so, for example, by promoting major public infrastructure projects that directly and indirectly create large numbers of new jobs, generating increased demand for workers; by expanding job training, apprenticeship, and educational programs to improve worker skills; by supporting minimum-wage hikes; by bolstering collective bargaining and interpreting labor regulations more favorably for workers, which boosts workers’ bargaining leverage; and by stiffening anti-trust regulations within labor markets to enhance competition among businesses for workers. All these policies strengthen labor and induce companies to spread the gains from their growth.

Me: Dems r betterer for d wallet.

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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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