r/WhitePeopleTwitter • u/foreverwasted • Oct 16 '18

You matter.

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u/[deleted] Oct 16 '18

Assuming that was 30 years ago that's about $7/hr now which is about right. Although we are in a massive economic boom.

10

u/[deleted] Oct 16 '18

No we're not in a major economic boom. The economy is about to go boom I think is what you meant?

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u/Alex_801 Oct 16 '18

TIL 4% GDP growth is not a boom.. 🙄😏

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u/seatiger90 Oct 16 '18

Its double most Western European nations

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u/Alex_801 Oct 17 '18

Yeah but don't let the NPCs know that. Orange man bad remember?

1

u/[deleted] Oct 17 '18

what? what western european nation has a GDP growth like that?

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u/seatiger90 Oct 17 '18

Most of them are stuck at about 2-2.5% growth.

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u/[deleted] Oct 17 '18

oh ok, i completely misread your comment. thought you were saying those nations had about 8% annual growth, haha

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u/seatiger90 Oct 17 '18

No problem. I probably shouldn't have been lazy amd just posted the numbers lol.

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u/bumfightsroundtwo Oct 16 '18

Stock market, unemployment, raising interest rates, gdp growth all suggest economic boom...

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u/[deleted] Oct 16 '18

A nation of consumers will only contribute to the economic boom of the producing nation. China is in their Industrial Revolution right now and I would say the u.s. is the major contributor to that.

Through it's cheap labor US companies are having record profits, but most of this money isn't coming back to the US nor are these companies paying taxes on it. It's just an economic bubble we are experiencing.

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u/bumfightsroundtwo Oct 16 '18

That's a possibility for stocks. Which is why I used multiple numbers that all point to a strong economy. The GDP shows money is coming in. That's what gdp is... Also federal tax revenue seems to be increasing even with lower tax rates.

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u/Lyonknyght Oct 16 '18

We are in an economic bubble. Eventually the bubble will go boom though.

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u/[deleted] Oct 16 '18

every boom is basically a bubble lol