January 08, 2020
WASHINGTON – At the Senate Republican leadership press conference yesterday, U.S. Senator Roy Blunt (Mo.) discussed recent economic gains, including significant wage growth, that are directly benefitting working families.
Following Are Blunt’s Remarks:
“Well, economic numbers have not been this good for a long time, and may have never been any better for working families. The report at the end of the year that the bottom 25% of wage earners in America had the biggest increase in pay last year of any group and the biggest annual increase in a long time, something almost at the level of 5%. The top 25% of wage earners had a pay increase a little less than 3%, so we’re seeing the economy begin to equalize a little bit.
“A demanding workforce, paying the wages that people need to have to work in this kind of economy where people are having more vacancies than people looking for jobs. Unemployment the lowest it has been in 50 years. And all the other economic indicators, from the stock market to consumer confidence to holiday spending, all good. Dramatically better than just a year ago, and even more dramatically better than five years ago.
need to be feeling good about the economy. Their spending habits, their
investing habits seem to indicate that they are feeling good about the economy.
It’s easy to let that good news not be talked about at a time when we’re
focused on so many other things, but if you’re a family at your kitchen table,
and you see this situation compared to the one you were in two to three years
ago, you understand you’re in a much better economy and your family is in a
much better place.”