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In 2020, do you expect unemployment and wages to be up or down?

WorldofWarcraft

WorldofWarcraft

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After 4 years of Trump's administration and with this recent tax legislation passing, at the time of the 2020 elections, do you think:

-Unemployment will be up or down compared to what it is now?

-Average wages will be up or down compared to what it is now?

If it's up or down, who do you thank/blame for them going up or down?
 
Unemployment: down
Wages: up
Liberal Jimmies: rustled
 
wage gap will be even wider.
 
I'm going to go with unemployment down. To me this will be from the stability of Obama's economy, new consumer confidence, and new investment confidence from Trump's tax plan.

Wages should see a slight increase from middle class demanding more from employers for skilled positions. Executive wages should continue to out pace middle class wages. Poor people will struggle more due to cuts of programs they use.

So overall rich get richer, middle class sees a small growth, the lower class feels more hopeless in their poverty.
 
Wages stagnant

Unemployment up

There's a major economic market correction waiting to happen and a serious shock to the job market in the future as well. Hopefully we do see a downturn in 2020, otherwise it will be more sharp and severe.
 
By 2020 I see wages staying stagnant, and unemployment going down, as it has been since the start of the decade. Trump's policies wont be felt until after 2020 most likely.
 
To many optimistic ppl out here. But the unemployment will sky rocket in the 2020s to a point most of you will be surprised. Trump' tax cut plan is not helping the people because the money is for War. Which means the economic is already drying out hence why they have to make more and more tax cuts.

40.MIO americans live on foodstamp right now and I expect this figure to double by mid 2020s. 21 trillion from the tax payers money also disappeared without traces and all of this indict one thing.

America is running itself completely dry for a worthless war fighting in over like 10 countries and even figthing in the wilderness of the African jungles in remote areas like Niger. War on terror is the most expensive war of all time.

They claim the war cost right now 6-trillion but according the recent figures of the 21-trillion dollars it could very well have reached 30-trillion by now.

The Soviet union did the same mistake over-commiting to a worthless war
 
The lowest the national unemployment rate in the last 45+ years was 3.9% in 2000. Its at 4.1% now (Thanks Obama!), so in 2020 its more likely to be higher than lower. Average wages will be up but continually increasing costs of housing and healthcare will negate these increases.
 
Lowmanproblems said:
I'm going to go with unemployment down. To me this will be from the stability of Obama's economy, new consumer confidence, and new investment confidence from Trump's tax plan.

Wages should see a slight increase from middle class demanding more from employers for skilled positions. Executive wages should continue to out pace middle class wages. Poor people will struggle more due to cuts of programs they use.

So overall rich get richer, middle class sees a small growth, the lower class feels more hopeless in their poverty.
Click to expand...


I agree. Obama, was cautious, which after the crash, I feel was justified. Trump rolling some of the regs back, should help. As long as unwinding of QE doesn't crush us all, I feel things will go well for a few more years, as growth is just now starting to take off all over the world. Even the stodgy old EU is starting to grow.
 
Wages won't change unless a major power shift happens.

The Democrats have to control a majority of Congress in order to raise the minimum wage. Raising minimum wage will also give everyone else a higher pay than what they're getting now.
This is trickle up economics.

The Republican led Congress usually discards any suggestion of growth prosperity amongst any working class below the elite 1%
They believe the top 1% should get everything, while the 99% are the bottom feeders.
This is trickle down economics.
 
I mean if crude prices rise again and stay and the wells start turning, any Lib-2020 ticket can hang it the f up. They might as well not even try.

And I do think that very scenario is highly possible.
 
I’m reading between the lines here but I think the TS is wondering if Trump will get the blame if there is an economic recession or we are widening income inequality. On the latter there is no question the tax bill will contribute to further wealth inequality.

Presidents always get too much blame and credit for the economy. There are ways Trump can cause one and ways he could combat a recession. I have no confidence he has an intelligent response to a recession but hopefully we won’t have to test that theory (one is likely but I hope it’s mild).

Blame is always distorted across party lines. If there’s a recession some on the left will give him too much of the blame and use it to attack him politically, some of it will be legitimate criticism. If Trump fucks up of course he’ll deserve it.

And the one third of the country or so that gives him a pass on everything will be unmoved. They’ll still want to see Obama’s birth certificate or know where the Clinton email investigation is at. Maybe if the recession is really bad and Trump fails that number goes down to 25% or something (would be historic) but Trump was right when he said he could murder someone and still have loyal supporters.
 
Immigration ban/protectionist policy is probably the single easiest way to raise the wages/welfare/employment for the common worker (due to a lack of alternatives for businesses/government). Not saying it doesn't have other possibly negative side effects, but as the average working man, you have to be quite dim to be in favour of immigration or globalism. Why would you care about the overall GDP of the country or how much a massive corporation can make off immigrant labour? Your importance and irreplaceability to the society is all that matters.

Much like major corporations that have reached a monopoly status on the market, you do want to eliminate the competition in defense of your own interests, even if there are some negative effects on the rest of society, because it increases your power and means that you become too integral to the society in order to be replaced by cheaper alternatives (foreign labour).

The average working man has been fucked in this regard because most so-called labour/socialist parties are pro-immigration/globalism nowadays, which has led to the rise of "nationalism" as the alternative.
 
Last edited:
mr.bigglesworth said:
Wages stagnant

Unemployment up

There's a major economic market correction waiting to happen and a serious shock to the job market in the future as well. Hopefully we do see a downturn in 2020, otherwise it will be more sharp and severe.
Click to expand...
This is likely to happen. Wages have been stagnant for nearly 50 years and there is no reason for that to change. And even if they go up as someone else mentioned cost of living goes up way faster.

And our economy is cyclical with some form of downturn every decade or so. We are now nearly a decade removed from rock bottom. And with things like the housing market in a frenzy and the stock market at an unprecedented high somethings gotta give. None of that is sustainable and no policy will change that.
 
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