No, The Job Market Is Not Growing. It Isn’t Even Stable.

Once again, Trump announces that jobs and wages are up. Not only do his followers cheer and regurgitate that statement but MSM continues pushing how well the economy is doing and employment is up.

When you look at the facts, they tell a very different story.

Layoffs and bankruptcies. Ford announced 25,000 layoffs in December. GM announced thousands more. GE announced thousands more. Toys R Us no longer exists. Sears/Kmart is bankrupt. A couple dozen other corporate chains have declared bankruptcy, downsized or completely disappeared. Carrier has exported jobs to Mexico. Harley-Davidson has shipped jobs to Thailand.

Many people only look at these employers and the announced jobs directly. They fail to examine the downstream effect of these job losses. There is always a downstream effect.

Downstream effects. Each one of these companies contracts and does business with other, smaller companies. Companies that produce components for vehicles, supplies stocked in stores. In addition, you have to consider truck drivers no longer delivering goods. Maintenance contractors. If the auto companies were purchasing American produced steel, that impacts that industry. Then you have dock workers, trains and more.

Further downstream. Yet the impact does not stop there. You have to look even further downstream. Each one of those workers is also a consumer and taxpayer. When consumers lose their income, they spend less or stop…