Scandinavia and the World
 

Comments #9620882:


Aaron

36
Olive oil is good for the skin 10 4, 10:07pm

@Narf I must have misunderstood what you meant when you said that the United States is having economic problems. The wealth of a nation ultimately derives from its production, which is accomplished by the private sector. If private sector jobs are paying well, then they must be profitable, which means they are producing well. If the private sector is producing well, then the country is economically fine.

The GDP is growing last quarter by roughly the median amount for the past few years, although not as well as it was previously.
http://www.tradingeconomics.com/united-states/gdp-growth

Recent unemployment has been very low. People that want jobs, have jobs.
https://data.bls.gov/timeseries/LNS14000000

I'll grant that real household income is not matching GDP, though. I'm not sure what that means in the long term.
https://fredblog.stlouisfed.org/2016/12/the-puzzle-of-real-median-household-income/?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=fredblog

There. Now you have aggregate numbers from me, rather than anecdotal evidence.