House Speaker Paul Ryan said on Thursday that a “thriving economy” does not include salary or wage increases for Americans or their adult children.
According to Breitbart, Ryan excluded wage gains as he touted the economy’s performance in his May 17 press conference.
“Jobless claims remain near a 48-year low. Retail sales are up for the second month. Industrial production is up for the third straight month. So the economy is growing, workers are getting ahead. There are new jobs and opportunities being offered by the day,” Ryan told reporters.
“A thriving economy means there are more job openings. A thriving economy means there are more opportunities. A thriving economy means families get ahead, people get out of poverty, kids come out of college with opportunities and offerings. That’s what a thriving economy means — and there could not be a better time to take action to help more people join our workforce,” he added.
The news outlet reported that Ryan’s decision to exclude wages permits him not to pay attention to the most startling impact of Trump’s economy: the growing marketplace pressure on business to provide a wave of wage increases to voters has been unseen since 2007, or 1998, or the 1960s, depending on how wages are measured.
Ryan dismissed the importance of wage raises and salary increases to Americans, many of whom have seen their wages stall or shrink for 30 years. He added that “it is very good for us to be making progress on these things that matter the most in people’s lives, which is why we are here.”
However, Trump-generated wage increases are a big problem for Democrats who are trying to win Congress in the upcoming midterm elections.
“It’s a very big concern,” Democratic pollster Celinda Lake said. “The economy is the No. 1 issue out there for people and right now Trump has a very aggressive economic message that seems to cross traditional party lines to voters.”
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