And it’s not just unemployment that’s down. Latest numbers are showing an uptick in actual wages. Combine that with people taking a look at their pay stubs and you’ve got a recipe for succcess in 2020.
The wealthy/elite classes are doing absolutely fantastic under Trump though, and are getting tax cuts and wage increases. Those don't represent America, though.
Edit: Simple Google search shows my thoughts to be true [1]. Wages aren't rising quicker than inflation/cost of living, so saying wages are increasing or are "up" is a bit inaccurate.
https://www.forbes.com/sites/patrickwwatson/2018/09/25/real-...
A 3.1% jump in wages should beat inflation at least for this year.
Does this also take into account wage increases of the top 10%? If so, that article would be wildly misleading.
I love American politics where if your own party does something, you praise it, but if the other part does the same thing, you demonize it.
No, it isn't, if you use the common sense of “middle class” to mean “middle income”, rather than the classical “petit bourgeoisie”. The change is less than $6000 in the standard deduction, so even if “a few” means only 2, you'd need over a 33% federal marginal tax rate to get a few thousand from it, which requires an income after the standard deduction of $200,000+.