Boston Globe via Getty ImagesWith record-setting stock prices and continuing low unemployment (3.6% in January), President Trump is boasting that the economy is doing great—and many commentators are repeating his claim. After the January employment report, New York Times columnist Neil Irwin wrote that “the data on the economy are giving him something genuinely worth boasting about.”But even Trump’s own Treasury Secretary Steven Mnuchin says that Trump’s target of 3% GDP growth is too optimistic. Yes, but low wages are not going up entirely because of the market. The problems of low-wage workers cast another cloud on the economy’s performance. And low-wage workers are unsettled and insecure.

Source: Forbes February 10, 2020 00:56 UTC