Blue Collar Bonuses
There are lots of articles lately about the phenomenon of blue collar workers receiving signing bonuses, including Burlington Northern offering up to $25,000 for hourly electricians, boilermakers and pipefitter. Sadly, a lot of Wall Street-types are pointing to this news as rationale for the Fed to hike rates and curb economic growth.
Forget the $13.0 billion banks made from below market rate loans from the Fed that were not even reported to Congress in 2008.
Forget the fact the Fed saw its balance sheet swell from $905 billion in September 2008 to $4.5 trillion by January 2015, all in the name of buying toxic debt from banks.
Now, economist and rich traders want the Fed to remove the so-called accommodation. That’s a damn shame. Prosperity needs to flow from the coasts of America into its heartland.
Jobs in the heartland
Breaking News: ADP Jobs Report Beats Consensus & Promised 'Dirty Fingernails' Jobs Roaring Back
President Trump promised jobs in the heartland to those forgotten men and women.
Goods Producing Jobs in April
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