The U.S. trade deficit widened by the most in eight years in April as imports of goods rebounded while exports of energy products declined, a trend that if sustained, could result in trade being a drag on economic growth in the second quarter.
There are plenty of other indicators showing that wages are generally inadequate. 64% of the people are just making their ends meet without being able to make any savings. These are slave wages where people are paid just enough to keep them working. Meanwhile, average person is up to over 100k in debt. These are not signs of a healthy and functioning economy.
There are plenty of other indicators showing that wages are generally inadequate. 64% of the people are just making their ends meet without being able to make any savings. These are slave wages where people are paid just enough to keep them working. Meanwhile, average person is up to over 100k in debt. These are not signs of a healthy and functioning economy.
Agreed.