If the Gen Xers and Millenials start looking back in a few decades and decide to blame us Boomers for the condition of the world, I hope someone reminds all those political geniuses that they decided they were too "busy" to vote
Just what is the condition of the world?
200 years ago the world poverty was a staggering 94 %. Today it is at an all time low of 10 per cent.
U S measurements set the poverty rate at 14 per cent in 2016. That rate today has been reduced by 20 per cent.
In 2016 we had 1.9 million MORE unemployed than job openings.
For the past 17 consecutive months, job openings have exceeded the number of unemployed. In July, the most recent month for which we have data, job openings stood at 7.2 million—nearly 1.2 million more than the number of unemployed.
Through August, year-over-year wage growth has met or exceeded 3% for 13 consecutive months.
A worker with a 40-hour-a-week job making the average hourly wage from August 2017 (when it was $22.11) through August 2019 ($23.59) would have seen an annual salary increase from about $44,000 to $47,000.
The share of income earned by the top 20% fell in 2018 more than it has in a decade, while those in the second-lowest income group had the largest increase in average household income among all groups at 2.5%, according to the White House Council of Economic Advisers.