Steve Rattner: “Let’s Look At After Inflation. What You’ll See There Is A Different Picture. What You See There, In Fact, Wages Have Been Rising More Slowly Under Trump Than Under And That Is In Part Because Of Inflation.” STEVE RATTNER: “Well, like most things it is not completely factually correct. Let’s look at a couple of chart. First, let’s look at the chart of what’s happened to nominal wages which is wages before you adjust for inflation what you can see here is what the president is talking about, which is this little jiggle up these last couple of years if you look at it in historical context it’s a small jiggle. That’s before inflation. Let’s look at after inflation. What you’ll see there is a different picture. What you see there, in fact, wages have been rising more slowly under trump than under and that is in part because of inflation. So under trump wages have only gone up, they were flat in June, flat in July they were flat, up a little bit in August but all told only up .3% a year under trump as opposed to Obama it’s a worse situation than it was under Obama.” [Morning Joe, MSNBC, 9/24/18; VIDEO]
Steve Rattner: “It Has Left The Middle Class, Many Who Voted For Trump, Worse Off Or Not Better Off Than Before.” STEVE RATTNER: “Then let’s look at a couple of other interesting things first some new data that came out about what’s happened to different strata of our society. Not surprisingly the top 10% of Americans have actually done pretty well. You see that the 50th percentile, the median here you see the top has done pretty well you see interestingly enough the bottom has done pretty well. What you also see the middle has not done very well the top we know why that’s happened the bottom has happened because of substantial increases in minimum wages by quite a number of states. It has left the middle class, many who voted for trump worse off or not better off than before.” [Morning Joe, MSNBC, 9/24/18; VIDEO]