U.S. Goods Trade Deficit Declines to Smallest in Three Years

Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by jrs95 on Tuesday December 31, 2019 @11:40PM (#21926690)

This is sort of ignoring who has the dollars though. Reduced wages for U.S. workers for cheap and often disposable goods where the profits go to rich foreign investors doesn't really sound like a win to me regardless of the capital flow.

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Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by ThomPete on Wednesday January 01, 2020 @12:11AM (#21926753)

The lowest wages are finally rising faster than managers. Also of importance is that the administration is actually deregulating. One new rule means 8 old goes out. On top of that finally dealing with China.

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Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by TaylorAlexander on Wednesday January 01, 2020 @12:49AM (#21926846)

Do you have a source for the claim that low wages are rising more quickly than that of the managers? That would be good news if true.

I’ve heard wages are very low. 44% of Americans earn $18,000/yr.

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Re:U.S. Goods Trade Deficit Declines to Smallest in Three Years by caseysoftware on Wednesday January 01, 2020 @01:25AM (#21926927)

There's lots of sources around it:

From March 2019: "The recent jump in paychecks has come with an unusual characteristic, as workers at the lower end of the pay scale are getting the greater benefit."

Ref: https://www.cnbc.com/2019/03/13/workers-at-lower-end-of-pay-...

From October 2019: "According to analysis by Nick Bunker, an economist with the jobs site Indeed, wage growth is currently strongest for workers in low-wage industries, such as clothing stores, supermarkets, amusement parks, and casinos. And earnings are growing most slowly in higher-wage industries, such as medical labs, law firms, and broadcasting and telecom companies."

Ref: https://www.theatlantic.com/ideas/archive/2019/10/labor-depa...

And Goldman Sachs says the same as of November, check out page 7 specifically: https://www.goldmansachs.com/insights/pages/outlook-2020-f/U...

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