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Note to Dems: The Economy is Doing Great

Summary:
As the Democratic candidates get ready for tonight's debate, let me offer some advice: They should refrain from their tendency to disparage the current state of the economy. As the graphs below show, the employment-population ratio for prime-age workers is at its highest level in about 20 years. Real wages for production and nonsupervisory workers (that is, excluding the more highly paid bosses) are at an all-time high. There are plenty of good reasons to remove Donald Trump from office, but a poor economy is not one of them. Click on graphic to enlarge.

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As the Democratic candidates get ready for tonight's debate, let me offer some advice: They should refrain from their tendency to disparage the current state of the economy. As the graphs below show, the employment-population ratio for prime-age workers is at its highest level in about 20 years. Real wages for production and nonsupervisory workers (that is, excluding the more highly paid bosses) are at an all-time high. There are plenty of good reasons to remove Donald Trump from office, but a poor economy is not one of them.
Note to Dems: The Economy is Doing Great

Note to Dems: The Economy is Doing Great

Click on graphic to enlarge.

Greg Mankiw
I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.

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