There's a widening gap between wage and stock growth, and its only accelerated since Trump's inauguration in January 2017.
Over the last three years, President Donald Trump has touted the stock market as one of his favorite scorecards demonstrating the health of the American economy.
Even if they took home slightly bigger paychecks, employees have also confronted the rising price tags of housing, education and skyrocketing healthcare costs some economists now compare to another tax on their income. There's also another huge factor locking out middle and working-class Americans from sharing in the rewards of a bull market: Half of them just don't own any stock. The top 10% of American households own the lion's share of them at 84%.
Economists increasingly say disparities between market and wage growth is the result of policy decisions made over decades by lawmakers and employers. Unions have been throttled, contributing to a rise of inequality and wage stagnation. And tax rates continue to be slashed for the highest-earning Americans as well as corporations.
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