True, though a competitive labor market also means consumers with higher confidence and deeper pockets. But I think the very recent plunges have much more to do with the raising of the target rate as well as Mnuchin’s bizarre and incompetent statement the other day.
Except wages are pretty much stagnant.
Which is only 32 miles from the Danube.
Mm. Not quite stagnant; wage growth improved starting the second half of this year, giving some reason for optimism. It’s showing signs of slowing back down a bit, though growth remains nonzero.
It’ll be … ahhh … interesting-as-in-car crash to see what happens to employment and wages as the economy enters a downturn. I’m sure if Trump gets his way and fires Jerome Powell it’ll all be smooth sailing.
‘Pretty much’, ‘not quite’… The point is that profits are going to shareholders and CEOs, and not to the people producing the products.
What ‘trickle-down’ people fail to understand is that consumers don’t consume when they don’t have money to.
He isn’t going anywhere. Unless he gets it into his head that the whole of the country and the party are a bunch of ingrates who don’t deserve him.
Plus if that happened he’d probably resign by tweet (not valid) and by mid morning reverse himself 'cause that’s how he rolls, calling out all the weak losers who went online to welcome the news.
The weird thing is, 60% of the Republican primary-going base voted against him at the start… but split themselves among a half dozen people variously approximating normality, and with the GOP primary system heavily weighed towards plurality winner-take all to get a frontrunner fast (and prevent the eccentric-of-the-week show… how’d that work for ya, Messrs Steele and Preibus?), he became unstoppable and a bandwagon effect set in.
Now that he’s their guy, they’re all in, because they realize it’s their best chance to fill the judiciary with unapologetic reactionaries, roll back safety nets and regulation, revive anglonationalism, boost neoisolationism and in general reaffirm the point of view that it’s a world of winners and losers and if the losers suffer there is no moral burden compelling the rest of society to change that. Then again, think about this: the top Republican also-ran was Ted &^%$# Cruz, and Jeb Bush was left in the dust early. The base voters were *not *particularly demanding kinder and gentler compassionate conservatism this time around.
In other words, we can expect his resignation momentarily? 
[del]I was just being goofy. err I mean[/del] it was totally intended as sophisticated multi-layered wordplay.
There’s only one circumstance under which I can see Trump resigning, but it’s probably not what you (the OP) are looking for. Let’s say he wins in 2020, but then the Democrats win the Senate in 2022 in a large blue wave midterm. At that point he might decide I’m tired of this and decide to resign. That’s about the only realistic scenario I see.
And just because a business is making a good profit, they aren’t going to hire more people, increase wages and lower the product cost.
My point is that wage growth has occurred recently so it’s not necessarily accurate to say that wages are stagnant. This is distinct from the issue of the unequal distribution of corporate profits, as profits could remain quite high even while wages grow much faster than they have.
From the perspective of a business owner, paying higher wages will never pay off in terms of the employee purchasing more of the business’s goods.
Enipla, that’s absolutely true. A successful / profitable business has more flexibility with respect to compensation when the labor market is tight, however, and may well pay higher wages to attract better talent. (Which is why we need a healthy labor market — including disentangling health insurance from employment and offering generous unemployment benefits.)
To further your analogy:
You have the team that won according to the rules, yay!
Then that team claims that they are better at scoring than the other team.
Fans and players of the maligned team point out that in fact, even though they lost the game, they did in fact get “more scores”.
Reply is that, since the team won, who got “more scores” is irrelevant.
Repeat ad dedium.
Well, one of them did anyways.
Putin, that’s who.
Tell him he was the greatest President ever, that noone can compare, and he should declare victory and resign for health, or spending time with family, or whatever reason.
Then we’ll have Pence, who would be much more competent than Trump at getting things done.
I think it’s more like a baseball or basketball team who has a better regular season record than their finals opponent, then wins three of the seven finals games in a blowout and loses four close games. That team did lose the championship by the rules of the game, but it would be hard to argue that the winning team was actually better.
I can’t believe no one has answered the OP with this:
Trump would resign if he thought he would benefit financially from resigning.
Say things start to go badly for him next year – whether it’s from a weakening economy, Dems running the House or some other reason. When his GOP enablers start waffling, he’ll realize his Presidential brand has peaked, and that he can make more money as an outlandish outsider unburdened by even the pretense of avoiding conflicts of interest.
As long as he stays out of prison, that is.
He’ll resign when the cast of Fox and Friends tells him to. He doesn’t listen to anybody else.
I don’t believe there is any chance in hell of Trump resigning. It’s possible that he will be removed from power, but he will have to be dragged kicking and screaming every inch of the way.
Trump “realize” anything?
I agree with the “benefit financially from resigning” part, but I’d amend the realizing to “When advisors and Fox News and the Kochs and Putin all drum it into his head repeatedly.”