Globalization has also allowed big companies to move work wherever it can be done cheapest. That enhances corporate profits, while harming those whose livelihoods are affected 2018 Wholesale Newport And Marlborl Cigarettes USA . Some workers evolve by developing new skills and moving to where there are better jobs. But some don’t, and government programs meant to help workers hurt when jobs move overseas are generally considered insufficient and ineffective.
Data compiled by Sentier Research shows that median household income, adjusted for inflation, plunged during and after the Great Recession, which began in 2007. The recession ended in 2009, but incomes didn’t bottom out until 2011. There was a meaningful jump in incomes from 2014 to 2016, followed by a stall, and then another growth spurt starting in 2017. So there’s been income growth under both President Obama and President Trump. Here’s the chart, with the red line representing household income Online Cigarettes Store USA and Buy Cigarettes Online and the gray line showing the unemployment rate.
Even with recent growth, however, the latest Sentier data shows household income in July was just 3.1% higher than it was in 2000, when factoring in inflation. That’s meager income growth, and it explains why many families feel they’re falling behind, even with unemployment at a very low 3.9%. Since 2000, growth in corporate profits has outpaced growth in household income by roughly 2.5 to 1.













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