Real Average Weekly Earnings Fall AGAIN: Can Americans Keep Up With Costs in 2024?

Thank you for listening to the 46th episode of "This Week's Economy." Today, I cover the following in less than 12 minutes: 1) National: - Average weekly earnings adjusted for CPI or PCE declined in 2022 and 2023 during the Biden administration - In an X poll, 85% of voters wanted to cut government spending, 10% said to cut taxes, 3% said to raise taxes, and 2% said to raise spending - Is Oren Cass right to criticize "market fundamentalism”? 2) States: - New research by Texans for Fiscal Responsibility shows how the Legislature’s property tax relief last session was the second largest in state history despite what some have been claiming - My research on the Responsible Louisiana Budget provides a roadmap to fiscal sustainability in Louisiana. This is needed because employment has declined for 7 straight months, and people keep leaving the state - My commentary at Complete Colorado calls on Governor Polis to do as he’s promised and reduce tax expenditures so there is more opportunity to cut income taxes, which should include less spending 3) My Media Hits & Other: - I was quoted in Forbes discussing how Texas could have universal ESAs and save at least $13 billion per year, but too many want to grow the budget - I was recently accepted to be a 2024 Club for Growth Foundation Fellow -Don't miss last week's LPP episode with Dr. Bruce Caldwell on Friedrich Hayek, including his upbringing, economics, and much more - Set your alarms for Monday's LPP episode on Monday with Dr. Bryan Caplan on open borders, reasons to have more kids, an end to education, and more Please like this video, subscribe to the channel, share it on social media, and provide a rating and review. Also, subscribe and see show notes for this episode on Substack (www.vanceginn.substack.com) and visit my website for economic insights (www.vanceginn.com).