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

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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