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PDF Editor FAQ
Why do people want to save small businesses if large business can afford better deals and conveniences?
According to https://www.sba.gov/sites/default/files/FAQ_Sept_2012.pdf Small businesses make up:99.7 percent of U.S. employer firms,64 percent of net new private-sector jobs,49.2 percent of private-sector employment,42.9 percent of private-sector payroll,46 percent of private-sector output,43 percent of high-tech employment,98 percent of firms exporting goods,and 33 percent of exporting value.Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002-2010,Small Business GDP: Update 2002-2010a2a
Could a communist America ever function?
Obviously not. Since it’s not worked anyplace it’s been tried, the “well, let’s give it a go again” concept is a bit daft.The problem is that the system requires massive interference in the daily life of people - the oversight requires are killing just from the bureaucracy size needed. The US is an innovative economy - people have come to expect this. Communist economies must be largely imitative since there is little to be gained by innovation.One must also take into consideration that Marx had an amazingly narrow worldview. To buy into the whole communist reality, one must think that large enterprises control everything, however in the US:Small businesses make up:99.7 percent of U.S. employer firms,64 percent of net new private-sector jobs,49.2 percent of private-sector employment,42.9 percent of private-sector payroll,46 percent of private-sector output,43 percent of high-tech employment,98 percent of firms exporting goods, and33 percent of exporting value.Source: U.S. Census Bureau, SUSB, CPS; International Trade Administration; Bureau of Labor Statistics, BED; Advocacy-funded research, Small Business GDP: Update 2002Thus, a whole bunch of relatively “little” people form the bulk of the world’s largest economy. Nationalizing this would so stifle enterprise that the results would be Old Testament in its proportions.Coupled with this the police state would push the people to a level of revolution that would make any previous one pale by comparison. This must happen, it’s not an opinion.
How is the US economy really going since Trump came to power?
Hello!Good question!Donald Trump keeps telling the American people and particularly blue-collar workers that because of him they are doing better. Let’s examine the facts.The latest news shows that growth in the last three months of 2019 was at a modest pace of 2.1%. That’s a third of what candidate Trump promised (a ridiculous promise that many believed), it’s lower than the 3.2% average growth of the last 73 years and its lower than during the second term of the Obama administration. As a matter of fact, the rate of GDP growth has been slower each year that Trump has been in office. Gross Domestic Product, Fourth Quarter and Year 2019 (Second Estimate)A big reason for slow economic growth is that while cash piles up in the accounts of those at the top of the economy, the vast majority struggle to make ends meet.‘Our wages are too high. Everything is too high. Having a low minimum wage is not a bad thing for this country.’The Trump administration is hostile to the idea of a minimum wage and opposes any increase. The federal minimum wage has been stuck at $7.25 an hour since 2009. Adjusted for inflation, its shriveled to just $6.05 per hour. 5 facts about the minimum wageFor people who get tips, like restaurant wait staff, the minimum wage has been stuck at $2.13 an hour since 1992. Its real value has been halved in the last 28 years. Tips, under federal law, make up the $5.12 an hour difference to meet the $7.25 minimum wage. Trump: At $2.13 An Hour, This Waitress Makes Too Much Money | DCReport.orgCandidate Trump asserted in 2015 that American workers are paid too much.“Our wages are too high. Everything is too high,” Trump said on MSNBC’s Morning Joe. Trump added, “having a low minimum wage is not a bad thing for this country.”Trump said it again at a Republican primary debate sponsored by Fox News and the Wall Street Journal. “Wages too high,” Trump said.He asserted that America can’t compete in global markets because workers make too much money. Never mind that few low wage Americans work in jobs making goods or providing services our country exports.In recent months Trump started crowing that pay is “rising fastest for low-income workers.” He said it in the State of Union, at rallies and in White House lawn comments. And he said his economic and tax policies that are making pay at the bottom grow.Pay at the bottom is indeed rising after years in the economic doldrums. But Trump deserves zero credit for that. The credit goes to lawmakers in 22 states—and many cities and counties—who voted to raise the minimum wage.As this graphic from the Economic Policy Institute shows wages at the bottom are up because of those states and localities that increased the minimum wage.Income growth began sputtering after Trump took office, Census Bureau data show.The 22 states that raised their minimum wage since the start of 2018 by either a dollar amount or an inflation adjustments are politically and economically diverse: Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Jersey, New York, Ohio, Rhode Island, South Dakota, Vermont and Washington. Here’s an updated list for 2020. These states will raise their minimum wage in 2020What if we look at workers as a whole, mixing together those earning a paltry $2.13 an hour to those who salary and bonus exceed $1 million a week? A record 211 American workers were paid more than $50 million in 2018. And more than 155,000 were paid more than $1 million last year. Wage Statistics for 2018Now consider the average wage for private-sector workers, which mixes these extremes of paltry and fantastic pay along with everyone in between. In Trump’s first three years the inflation-adjusted average wage increased 3%, That’s exactly the same 3% as for Obama’s last three years, Bureau of Labor Statistics data show. In other words, Trump did nothing special. Trump's Numbers January 2020 Update and Tables Created by BLSAnd what if we look at a broader measure—household income. That’s wages plus business profits, capital gains, dividends, farm sales, rents, pensions and more. For those at the top income, growth has been fabulous. For everyone else not so much.So what happened to median household income—half more, half less. It gives a solid sense of the typical American income.During Trump’s first two years, median household income rose $1,400. During Obama’s last two years median income rose $4,810, more than three times as much. Slavery 21st CenturyFinally, if you harbor any remaining belief that Trump is helping workers make more, consider these two facts from consecutive days earlier this month.On Feb. 10 Trump said that due to a “national emergency or serious economic conditions affecting the general welfare,” federal workers would not get a scheduled 3% pay raise. He cut their increase to just 1%, which considering inflation is a pay cut. PolitiFact - Trump cited 'serious economic conditions' in reducing federal worker pay raisesThe next day Trump struck the opposite note when he tweeted:Trump is nothing if not consistently inconsistent except for one thing: using his powers to make sure workers don’t share in economic growth.
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