The health of a nation’s economy and the health of its people are connected, but in some surprising ways. At times like these, when the economy is strong and unemployment is low, research has found that death rates rise.
At least, in the short term. In the long term, economic growth is good for health. What’s going on?
One study of European countries just before and during the Great Recession found that a one-percentage-point increase in the unemployment rate is associated with a 0.5 percent decline in the overall mortality rate. Other studies of Europe during different periods, as well as those of the United States, found a similar relationship between joblessness and mortality.
This is counterintuitive, since economic growth is a major factor in higher living standards. When the economy is more productive, we have more resources to promote health and well-being.
But a surging economy does more than generate greater income. An industrial economy also pumps out more air pollution as more goods are produced. Polluted air, it turns out, is a major contributor to the mortality-increasing effect of an economic boom. In their analysis of how economic growth increases mortality, David Cutler and Wei Huang, of Harvard University, and Adriana Lleras-Muney, of U.C.L.A., found that two-thirds of the effect can be attributed to air pollution alone.
As President Trump’s administration enters the last half of its first year, U.S. corporations are experiencing their best earnings in 13 years, a report finds.
Bloomberg reports that U.S. corporate profits in the second quarter “have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. In every sector, at least half of the companies have surpassed or met expectations, with many also getting a boost from a sinking U.S. dollar.”
“Growth was particularly strong in key regions of North America and Europe, where we grew sales greater than twice GDP, as well as throughout Asia-Pacific,” Dow Chief Executive Officer Andrew Liveris said.
President Donald Trump’s populist “Hire American” policy is forcing employers to hire more Americans at higher wages, the Wall Street Journal admits.
The pressure is highlighted by seasonal employers in Massachusetts who were forced to hire Americans when Trump’s populist coalition stymied their lobbying efforts to expand the use of H-2B foreign contract workers. According to the Journal, which has long urged the large-scale use of foreign workers:
“I have more Americans working than I’ve ever had,” says Josh Aronie, executive chef at the Home Port Restaurant in the Vineyard fishing village of Menemsha. He also reports his restaurant has been short of staff and many of the workers he does have don’t know the basics of cooking or even how to read the orders…
Nationwide data on the leisure and hospitality sector also shows a tightening labor market. In June, average hourly earnings in the sector increased 4% from a year earlier, according to government data analyzed by Moody’s Analytics …
At the Home Port Restaurant in Menemsha, Mr. Aronie recalls meeting with his small staff in a panic this June just a few days before the scheduled opening. He had applied for 18 H-2B visa workers and received none. Because of the staffing crunch, the restaurant initially was open just five nights a week, and didn’t open for lunch until late July. Mr. Aronie jokes about the qualification he requires for hiring: “Are you breathing? Excellent.” He has paid a premium to hire three people via a Boston-based temp agency.
…We built the Yahoo Finance Trumponomics Report Card, using data provided by Moody’s Analytics, to measure the Trump economy compared with six prior presidents on six key measures. Here’s how Trump compares on jobs:
Trump economy continues to surge and that’s all that matters.
According to Market Watch, Gross Domestic Product (GDP) grew by 2.6% in Q2 2017, a substantial increase over Q1’s anemic 1.2% growth — and it’s only going to get better next quarter:
A vibrant labor market has raised incomes for millions, enabled more Americans to buy homes and fed steady demand for business goods and services. Showing no sign of deterioration, the economy is forecast to grow 2.7% in third quarter.
Market Watch adds: “Spending rose 2.8% in the second quarter as Americans bought more groceries and clothes and paid more for health care. They spent less on new cars and trucks, however.”
Other areas of improvement — business equipment investment, U.S. imports and exports. Inflation “slowed to an annual rate of 0.3% in the second quarter from 2.2% in the first.” However, other areas suffered, such as residential investment, and corporate inventories.
The liberal media are not happy with one of Donald J. Trump latest tweet on how ‘Fake News will be forced to discuss our great jobs numbers, strong economy, success with ISIS, the border & so much else!.’
NBC’s Chuck Todd said. ““If these actions and this language was being used by a leader in a different country, our State Department… not just we in general… would be saying ‘Hmm, that country is inching towards authoritarianism. Because that’s usually the first sign: when you try to delegitimize a free press.”
NBC’s Katy Tur oh-so-seriously and ominously asked on-air what Trump meant by “forced.”
Talking Points Memo tweets:
Trump declares the press will be “forced” to cover his achievements. What First Amendment?
At some point the Fake News will be forced to discuss our great jobs numbers, strong economy, success with ISIS, the border & so much else!
57% of the purchasing power in the US is by Republican or conservative households. This is nearly 3 out of 5 household dollars are spent by conservative households. If you take away California and New York the results would be even more lopsided.
36 of the 39 poorest districts in America were Democratic districts.
( The Gateway Pundit by Joe Hoft ) Our study shows that conservatives in the US control the purchasing power of nearly 60% of all household purchases in the country.
We performed an analysis to determine whether conservatives or liberals account for more of the purchases of products and services in the US. To determine this we obtained various sources of data.
By multiplying the purchasing power per household by the number of representatives per party per state we derived the purchasing power equivalent for each party.
Our results show that 57% of the purchasing power in the US is by Republican or conservative households. This is nearly 3 out of 5 household dollars are spent by conservative households. If you take away California and New York the results would be even more lopsided.
What we found from the US Census data was that Democrats were the party of the super rich with 14 of the top 20 richest districts in America being Democratic districts at that time.
But what was also found was that 36 of the 39 poorest districts in America were Democratic districts.
(Note that the data used at that time did not include the US territories of Guam, Samoa, Mariana Islands, Virgin Islands and Puerto Rico which are also represented by Democrats and are also very poor districts.)
If you excluded the 20 richest districts and the bottom 39 poorest districts there were 225 Republican working class districts and only 152 Democrat working class districts. Republicans overwhelmingly represented the middle class districts by almost a two-to-one ratio.
The middle class has the purchasing power in the US and the middle class predominantly votes Republican.
US corporations take note because conservatives are the people who buy your products and services.