“Costs Are Rising, Wages Are Dropping” – The ‘Real’ Economy That Obama Left For Trump
by Tyler Durden
ZeroHedge.com
Jan 18, 2017
As President Obama held his last press conference this afternoon, basking in the warm afterglow of an over-sampled poll showing his favorability near record highs, it would appear he (and the press corps) forgot to mention that for most Americans – the 80% in production and nonsupervisory roles – this morning’s data showed real wages actually dropping for the first time since 2013. Not exactly the rosy picture of economic growth being spun by the media as Obama transitions to Trump.
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