‘Inequality in a nutshell’ — Alexandria Ocasio-Cortez says the Dow’s record high is meaningless for many Americans

AP Photo/Cliff Owen, File Rep. Alexandria Ocasio-Cortez argued a record high for the Dow Jones Industrial Average underlines the problem of stagnant US wages.  In a tweet on Sunday, she highlighted the widening wealth gap between investors and salaried workers  “The Dow soars, wages don’t,” the New York congresswoman said. “Inequality in a nutshell.” While…

alexandria ocasio cortez 2 - record, ocasio, nutshell, meaningless, inequality, cortez, alexandriaAP Photograph/Cliff Owen, Report

  • Rep. Alexandria Ocasio-Cortez argued a report top for the Dow Jones Business Moderate underlines the issue of stagnant US wages. 
  • In a tweet on Sunday, she highlighted the widening wealth hole between buyers and salaried staff 
  • “The Dow soars, wages do not,” the New York congresswoman stated. “Inequality in a nutshell.”
  • Whilst the Dow surged about 22% in 2019. However US wages rose simply 2.9% within the 12 months to December.
  • View Trade Insider’s homepage for extra tales.

Rep. Alexandria Ocasio-Cortez argued a report top for the Dow Jones Business Moderate — a benchmark index of 30 blue-chip shares together with Apple, Nike, and Disney — underlines the issue of stagnant US wages and the wealth hole between buyers and salaried staff in a tweet on Sunday.

“The Dow soars, wages do not,” the New York congresswoman commented on a NBC Information tweet in regards to the index passing the 29,000 mark for the primary time. “Inequality in a nutshell.”

Ocasio-Cortez used to be more than likely regarding the widening hole between US stock-market positive factors and salary enlargement in recent times. The Dow surged 22% in 2019. However salary enlargement, in keeping with america Bureau of Hard work Statistics, rose simply 2.9% within the 12 months to December. 

Stagnant US wages have confused many economists, given unemployment has plunged to its lowest ranges in additional than 50 years.

President Donald Trump often touts the emerging US inventory marketplace as proof of a booming economic system and a boon for all American citizens. Alternatively, Ocasio-Cortez has many times downplayed the relevance of stock-market positive factors to salaried staff who do not personal shares.

“The inventory marketplace is NOT the economic system,” she tweeted in February 2018. “Shares are not jobs. Shares are not wages.”

“That is why inventory costs can pass up and commonplace other folks nonetheless may not really feel any further safe about their long run,” she added.

Ocasio-Cortez’s feedback on inequality between staff and buyers echo the ones of Invoice Gates. The Microsoft cofounder and billionaire philanthropist not too long ago known as for america govt to slender the wealth hole by way of transferring its center of attention from taxing earning to taxing investments and property.

Alexandria Ocasio-Cortez says she’s ‘really proud of’ Julián Castro’s campaign as he drops out of the 2020 race and enters the veepstakes

Several prominent Democrats praised former HUD secretary Julián Castro on Thursday shortly after he announced the end of his 2020 presidential bid. Ocasio-Cortez, who has celebrated Castro’s policy positions on issues including immigration, said she was “proud of” his campaign, which she called an “act of service” to the progressive cause. Sens. Elizabeth Warren and Cory Booker,…

  • A number of distinguished Democrats praised former HUD secretary Julián Castro on Thursday in a while after he introduced the tip of his 2020 presidential bid. 
  • Ocasio-Cortez, who has celebrated Castro’s coverage positions on problems together with immigration, stated she used to be “pleased with” his marketing campaign, which she known as an “act of provider” to the innovative purpose. 
  • Sens. Elizabeth Warren and Cory Booker, each 2020 applicants, thanked Castro for his contributions to the coverage debate. Warren known as Castro a “robust voice” for “daring and innovative plans.” 
  • Particularly, Warren and Booker have probably the most to realize from Castro’s number one go out. Greater than 4 out of 5 of Castro’s supporters like Warren and just about 70% of Castro’s lovers like Booker, consistent with Insider polling.
  • Discuss with Industry Insider’s homepage for extra tales.

A number of distinguished Democrats, together with 2020 presidential applicants and freshman Rep. Alexandria Ocasio-Cortez, praised former HUD secretary Julián Castro on Thursday in a while after he introduced the tip of his 2020 presidential bid. 

Sens. Elizabeth Warren and Cory Booker, each number one competition, thanked Castro for his contributions to the coverage debate. Warren known as Castro a “robust voice” for “daring and innovative plans.” 

“You made this race more potent—and you are going to proceed to be a pace-setter in our birthday celebration and our nation for many years yet to come,” she tweeted along of a photograph of her and Castro.

Ocasio-Cortez, who has time and again praised Castro’s coverage positions on problems together with immigration, wrote that his marketing campaign used to be an “act of provider” to the innovative purpose. 

“I am in point of fact pleased with @JulianCastro and his marketing campaign,” Ocasio-Cortez tweeted. “He ran with true objective and intentionality. His staff uplifted essential conversations and took on problems that the majority applicants shy clear of. At their highest, campaigns will also be acts of provider. Julián’s marketing campaign exemplified that.” 

Particularly, Warren and Booker have probably the most to realize from Castro’s number one go out. 

In keeping with fresh Insider polling, greater than 4 out of 5 of Castro’s supporters like Warren, which is 21 proportion issues upper than her general efficiency amongst Democrats. And 69% of Castro supporters like Booker, which is an enormous 34 proportion issues upper than his general efficiency. This implies lots of Castro’s lovers may shift their loyalty to Warren and Booker.

Castro may also most probably be regarded as via a bunch of applicants as vice presidential operating mate subject matter. 

—Alexandria Ocasio-Cortez (@AOC) January 2, 2020

—Elizabeth Warren (@ewarren) January 2, 2020

—Cory Booker (@CoryBooker) January 2, 2020

Castro stood out some of the massive crop of 2020 applicants in being the primary to suggest decriminalizing unlawful border crossings. He modified the form of the race and the character of the dialog surrounding immigration with this proposal.

“For a very long time on this nation we in truth didn’t deal with crossing the border as a felony act,” Castro advised NPR in Might. “We handled it as a civil violation. A large number of the issues that we see within the gadget lately flared up when we began treating it as a crime.”

Castro, who used to be secretary of housing and concrete construction below former President Barack Obama after serving as mayor of San Antonio, used to be the one Latino candidate within the race.

In spite of sturdy debate performances and his innovative platform, Castro struggled within the polls and lagged at the back of on fundraising. He did not qualify for the 2 most up-to-date presidential debates.

“As of late it is with a heavy middle, and profound gratitude, that I will be able to droop my marketing campaign for president,” Castro stated in a video saying his withdrawal from the race.

John Haltiwanger and Walt Hickey contributed to this document.