Matt O’Brien wites in Wonkblog:
“Trump might have to decide between giving up on his populism, and giving up on getting anything done. Whichever he chooses, though, there’s a good chance that wages will continue to go up and up as the labor market gets closer and closer to full employment. The irony is that they might not rise as much, at least not for the “forgotten men” and women who pushed Trump into the White House, as they otherwise would have.
The good news for Trump, though, is there are no counterfactuals in politics.”
PWS
01/04/17