Off-Topic /
Stock Market and Trading Talk [1011]
Dow Jones just broke 30,000 for the first time ever!
I am happy for you.
That number - 30,000 - is just another proof that the voters are morons.
In the Trump years - '17, '18, and '19 - Dow went from 20,000 to 28,000, or 40%.
In the same period, average wages increased a lousy 2.5% per year, or simply the rate of inflation. Which means not at all.
That is not a booming economy.
This spread is not unique to Trump. Since 1965, the Americans did not get any benefit from the increase in productivity while the CEO's to workers' salary ratio went from 20 to about 300.
All of that is a scandal and goes to show how America's owners are disconnected from the bottom 80%. Historically, 1% owning 40% is unsustainable and a reason for a revolution. Everybody knows it and that is why "socialism" and Biden won. The Americans rebelled against the status quo, not because their president was not a nice guy.