A quote that summarizes a good portion of this article is “This shows that the forces that are restraining many economies are a lot harder to contend with and more pervasive than many people were hoping or believing.” Said by Roberto Perli a partner in Cornerstone Macro. The markets in 2018 went crazy because the federal reserve was suspected of planning on raising rates higher than the economy could handle at the moment. It is shown that the world economy is reliant on a stimulus to get any growth whatsoever. Though with the United States vulnerable to recession caused by the multiple reasons like government shutdowns and trade wars, it is very hard to speculate that anything positive is close to come.

 

 

 

Looking first into trade Trump has done thing but make it more difficult for Americans. For example, placing tariffs on aluminum and steel have only made it tougher for American manufactures. The economists from the article even stated that they did not agree it will “improve Americans’ welfare.” Next looking into Fiscal Policy, it is most helpful to cut spending when the government doesn’t need to so when Americans do need the tax break it is helpful. Though some will argue he gave a 1.5 million tax break earlier in the year. Though many economists find it is not needed and will not leave us better off in the long run.

 

It is shown in the article that the economy may be in a “ok” standing. Though the president is slowly halting growth by foolish tariffs and policies making it harder in the long run.

 

 

That low of a wage doesn’t allow someone to live life comfortably. If wages were raised even slightly it would allow people that do get minimum wage to have more money. A quote from the article “It’s a simple, but critical, concept: take care of your people and they will take care of your customers.” Larger organizations are starting to implement higher wages as they see an increase in employee satisfaction at work.

 

It would be a great idea to give people a better chance at life with higher wages. Employees will have a higher chance of working more efficiently as well as them being happy in their own work. The higher wage will make people feel more important and they are a part of something bigger. This will allow greater opportunities for all of America as well as the consumers that will be interacting with those employees as well.