Unemployment

[boutons_deux]

one upside of this is, if wages do rise, there could be a consumer led recovery, which some people say we're only a year and a half into.

big, if true.

nope, when wages rise, Capital's , its control knob, the Fed raises rates to create Ms of unemployed,

because Capital requires an excess (unemployed) Labor to keep wages low.

The economy looks a little better for some, job security and wages rise a tad, so consumers get confident and get suckered into buying the main product of Capital: D E B T

Total US household debt soars to record above $13 trillion

• Total household debt rose to an all-time high of $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
• The report said it was fifth consecutive year of annual household debt growth with increases in the mortgage, student, auto and credit card categories.

https://www.cnbc.com/2018/02/13/total-us-household-debt-soars-to-record-above-13-trillion.html

So just like the Federal govt, housefinance/spending is debt-based, not income based.

[CosmicCowboy]

I know that workers in the service trades, ac, electricians, welders, carpenters etc. are getting raises like crazy for retention. Compe ion for good skilled workers is fierce.

[boutons_deux]

I know that workers in the service trades, ac, electricians, welders, carpenters etc. are getting raises like crazy for retention. Compe ion for good skilled workers is fierce.

imagine if the Feds were collecting/spending taxes on infrastructure projects like dams, water systems, highways, electrical grid, renewable energy research and deployment rather than wasting "tax spending" on the oligarchy.