By Paul Jay
PAUL JAY The economy is growing and Donald Trump is inching up in the polls, but is this growth sustainable? And who’s benefiting? That’s next on The Real News Network.
Welcome to The Real News. I’m Paul Jay. The official unemployment rate is down to 3.6 percent, the lowest rate since 1969. While wages have been stagnant for a long time, it’s reported they are now finally outpacing inflation and the stock market is hitting record highs. GDP growth, in the first quarter of 2019, clocked in at 3.2 percent, which is the fastest annualized growth rate since 2015. Now, I said the stock markets– record highs. I have to add, today the trade war with China might be back on. So today, it’s crashing a little bit, but the trend over this year has been higher and higher, and people in the markets have been getting richer and richer. But is the growth sustainable? And who’s benefiting?
Now, joining us to begin with is Dean Baker. He’s a Senior Economist at the Center for Economic and Policy Research (CEPR). He’s the author of several books including, The United States Since 1980, Social Security: The Phony Crisis he wrote with Mark Weisbrot, and The Benefits of Full…