Quote:
Originally Posted by Giller
Um, little place called Planet Earth. The information I get comes through my place of work (one of the worlds largest investment companies) and while I don't profess to be an expert - the US economy has grown fairly steadily since '09. Nothing crazy, but small, modest gains, putting it back in place as one of the worlds best. Heck, I can see it just by looking at my own personal stock portfolio!
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Wall Street is doing great. Heck, I see that in my portfolio too. Main Street not so much. I can tell you wages have not been of the trajectory they once were for the average wage earner. I'm the head of compensation and benefits at my company and there have been many years of no raises and in the years were there have been raises they are been very meager averaging around 2.5%. Well below historical averages. The big winners of this have been stock holders as companies recovered and were able to keep wage growth down.
The big drop in gas prices is the biggest equivilent to a raise that Main St has seen in years and hopefully is the final push to get the overall economy benefiting almost everyone and not just a few.