William Katz:  Urgent Agenda

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MORE ECONOMIC GAIN – AT 11:04 P.M. ET:  One complaint about the Trump economy has been that wages aren't growing enough.  That may be changing.  From StarTribune.com: 

WASHINGTON — U.S. workers saw their annual wages and benefits rise in the second quarter at the fastest pace in nearly a decade, a sign that the low unemployment rate is forcing employers to raise pay to attract and keep workers.

Pay and benefits for all U.S. workers increased 2.8 percent in the April-June quarter from a year earlier, the most since the third quarter of 2008. Total compensation for private industry workers — which excludes state and local employees — rose 2.9 percent, the best since the second quarter of 2008.

The unemployment rate is near an 18-year low of 4 percent, leaving employers scrambling to find the workers they need. There are more open jobs than there are unemployed workers, according to government data, for the first time since records began in 2000.

A separate measure of wages and salaries for private sector workers rose 2.9 percent in the past year, matching March's gain and the highest in nearly a decade.

COMMENT:  All to the good, but the Republicans must make much better political use of this progress than they've been doing.   Americans must feel the economy getting better, and I have to believe that most have that sense.  The Democrats will argue – it's their standard line – that only the rich have been helped, which is simply not the case.

The economy can produce a miracle at the polls in November.  If the Dems control either house of Congress, we are in for trouble of the socialist kind.

July 31, 2018