unemployment decline, real wage growth, the kind of quality high skill, high wage jobs that we re talking about here, where you can work just one job instead of two or three to make ends meet, not enough of our fellow texans can find them. that work with purpose and function that allows you to live a life of dignity. now, that s the problem that we have right now in texas, but i ve also seen part of the solution. i remember meeting the mayor in burleson, texas. they have a program there called burleson works. they invest in men like your husband who may be out of work, perhaps their job was automated out of existence. perhaps it s a young father or mother returning to the workforce after raising their families. they invest in their training at a local community college or for the certification or the skills or the apprenticeship that will allow them to command that high skill, high wage, high value job. does not come inexpensively, it involves an investment that we have to make, but th
same. the same is good, but he was on a great glide path. and there was one problem when he came to office is we weren t get anything wage growth. he hasn t solved that problem. workers are not seeing wage growth. last month wage growth was zero, real wage growth. the wages went up the exact same amount as the prices. it s so funny because i had someone on the show touted the 2.9% wage growth, and i got an e-mail immediately saying that was nominal. inflation went up 3%. it was zero in real dollar terms. right. you know what the white house is now saying? that s because you re thinking about the prices of consumer goods like food and energy and housing. let s use the prices that businesses face. they re not going up by very much. if we use those prices, then wages are going up. do you think that folks in michigan, when you re out campaigning, how did they describe their economic situation in terms of where they are in this recovery? do they feel safer or do they feel still squeez
a great glide path. and there was one problem when he came to office is we weren t get anything wage growth. he hasn t solved that problem. workers are not seeing wage growth. last month wage growth was zero, real wage growth. the wages went up the exact same amount as the prices. it s so funny because i had someone on the show touted the 2.9% wage growth, and i got an e-mail immediately saying that was nominal. inflation went up 3%. it was zero in real dollar terms. right. you know what the white house is now saying? that s because you re thinking about the prices of consumer goods like food and energy and housing. let s use the prices that businesses face. they re not going up by very much. if we use those prices, then wages are going up. do you think that folks in michigan, when you re out campaigning, how did they describe their economic situation in terms of where they are in this recovery? do they feel safer or do they feel still squeezed? i think they feel squeezed. we h
let s go back to the substance of the proposal. none of them believe that the wage gains would be anything close to what you are estimating. that s false. why did you say that. larry kotlikoff said it s $3600 and we put out a study that estimated the wage impact from a host of studies. you can go back to page 24 of the study. let s think about why that s not a crazy number. real wage growth has been almost nothing over the last 8 years. in fact, it was only .6% while profit growth was 11%. wages come from higher human capital formation or higher physical capital formation and capital deepening in the u.s. dropped into a negative territory during the last four years of the obama administration for the first time in u.s. history. we re not getting wage growth because we don t have capital
have universities that have exposed the fallacy of summers very simple mistake and already a week later you re still talking about it here. it s been exposed as a mistake and you re still asking about it. i don t understand why. let s go back to the substance of the proposal. none of them believe that the wage gains would be anything close to what you are estimating. that s false. why did you say that. larry cotlakof said it s $3600 and we put out a study that estimated the wage impact from a host of studies. you can go back to page 24 of the study. let s think about why that s not a crazy number. real wage growth has been almost nothing over the last 8 years. in fact, it was only .6% while profit growth was 11%. wages come from higher human capital formation or higher physical capital formation and capital deepening in the u.s. dropped into a negative