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Johnny2X2X

(23,837 posts)
Tue Aug 19, 2025, 01:11 PM Aug 2025

Trump's economy starting to crush the working poor

https://www.woodtv.com/news/nexstar-media-wire/wage-growth-is-sinking-for-poorest-workers/

That’s a sharp reversal from the post pandemic recovery era, when the lowest paid workers were seeing the fastest wage growth, something economists termed “wage compression.”

The trend of wage compression has inverted almost entirely. The poorest workers are now seeing the slowest levels of wage growth while the highest earners are seeing the fastest.


People were too busy covering inflation to notice that Biden's economy delivered the biggest wage growth for the bottom 20% and bottom 50% in generations. The working poor actually saw bigger gains in wage growth than the top 10% under Biden.

Well that's over now. Buckle up working people, they're coming for all of it and all of it at once. Your wages, your health care, your retirements, and you savings, the rich want it all. Trump thinks working people got too fat and happy and he's going to ensure they're terrified to the point they'll work for food.
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mdbl

(8,290 posts)
4. Pretty stupid how the working class got duped over a 40 year period
Tue Aug 19, 2025, 01:25 PM
Aug 2025

Every time they put repugs in power they lost protections of some kind. Starting with Ron Raygun, then on to the Contract on America by Noot Gangrenous and it just got continually worse. From watering down labor rights to unleashing predatory lending practices while shirking anti-trust investigations and making sure the SEC was chopped off at the knees. They drained the swamp allright- no clean water, just algae and shit left. Then you have totally stupid union members voting for assholes in their state and federal legislative bodies that did everything they could to make sure their unions were completely impotent by passing regressive labor laws stripping unions' ability to do anything to protect them effectively. Now we have the major FAFO in office now helping the heritage foundation finish the job. If America overcomes this, it will be a miracle that may start me believing in sky spooks again. A lot of lighting pointed at all the right places would have to happen for me to believe that, if you catch my drift.

Rant over.

Johnny2X2X

(23,837 posts)
5. There is absolutely nothing in the Republican agenda for the working poor
Tue Aug 19, 2025, 01:31 PM
Aug 2025

They have given away everything and when they realize it, there won't be much they can do to help themselves or their families.

The ones who voted for Trump literally voted for less pay, less benefits, less health care, and less safe working conditions. They voted for schools to get worse, for their kids' futures to be gone, and for themselves to work until they die now.

FirstLight

(15,771 posts)
7. everyone enjoying the republican voter schadenferude, should think about the poor working dems too
Tue Aug 19, 2025, 01:45 PM
Aug 2025

My kids are 22 & 23 and just trying to dig out of the hole to survive...this hurts them too

Johnny2X2X

(23,837 posts)
12. Student Loans
Tue Aug 19, 2025, 02:20 PM
Aug 2025

And they completely screwed non rich kids who want to go to college with their idiotic student loan changes which make it harder to finish school and more expensive to pay back for millions of families.

The credit hours needed to be full time for Pell Grants alone will cause a lot of students to just give up. I got Pell Grants, they helped me earn my degree, some semesters I took 12 or 13 credit hours because I had some really difficult engineering classes that I knew I'd struggle to pass if I had 15 or 16 credit hours which would have meant a whole extra class. If Pell Grants wouldn't have been available those semesters, I don't think I could have afforded it. Other semesters where I had to work longer hours to make ends meet were also 12 hour semesters.

Student loans and grants have just been completely overhauled and kids will be paying more interest, they'll be paying sooner, there is no more interest free (subsidized) loans. And the repayment options are double and triple what there was prior. Basically, less college grads is guaranteed now.

FirstLight

(15,771 posts)
15. Yes, my oldest wanted to go back to finish
Tue Aug 19, 2025, 04:38 PM
Aug 2025

But its not going to happen until this clown show stops gutting everything 🤬

W_HAMILTON

(10,244 posts)
8. That, plus the fact that Trump's policies have only INCREASED prices even further.
Tue Aug 19, 2025, 01:45 PM
Aug 2025

I feel sorry for those impacted in the Democratic coalition that did not vote for this, but for those MAGA supporters that did?

Fuck them.

They deserve it.

And for any of the usual suspects that are upset by this:

VMA131Marine

(5,200 posts)
11. Wait until they have to start paying $80
Tue Aug 19, 2025, 02:04 PM
Aug 2025

Import fees on anything bought from overseas (China) because Trump has scrapped the de minimus exemption for imports worth less than $800.

Johonny

(25,769 posts)
13. Sadly man working poor will continue listening
Tue Aug 19, 2025, 02:34 PM
Aug 2025

To influencers and media that convinced them to vote against themselves. They will go to their grave convinced the side trying to help them is their enemy and the side fucking them over is their friend. It is fucking depressing.

SleeplessinSoCal

(10,379 posts)
14. It's the Corruption Stupid!
Tue Aug 19, 2025, 04:20 PM
Aug 2025

Rewatching The Gilded Age on HBO and listening to the podcast with the expert from The Bowery Boys: New York City History ("a travel and history podcast that was launched in June 2007 by Thomas Meyers and Gregory Young."

Jumping out of the headlines today is the obvious effort to return us to the Gilded Age of the Robber Barons. Tom describes the shenanigans by the financial guards, who were extremely corrupt.

Listen here:



We owe so much to the Roosevelt family.
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