Skip to main content

Posts

Showing posts with the label slump
Prior to the 12 May demonstration in London, the Trade Union Congress had publised the results of a research: "The current period of wage stagnation is the worst for two centuries. Not since the beginning of the 18th  century (when it took 24 years ) , has it taken so long for real wages to recover from a slump." Britain's 17-year real wage squeeze
"What does it mean that Trump has done well among middle-income and higher-income voters but not the most-educated? This suggests that his real base of support is small-business owners, supervisory and middle-management employees, franchisees, landlords, real estate agents, propertied farmers, and so on: those who are not at the executive pinnacle of corporate America (who largely have MBAs and other similar degrees) and those who are not credentialed professionals (doctors, lawyers, and the like), but the much wider swath of those people whose livelihood is derived from independent business activity or middle-band positions in the corporate hierarchy." From Slump to Trump