The US has created lots of jobs since President Tump was elected. I am sure he will take the credit - and bask in the reflected glory.
President Trump should be careful, though. America's productivity is not rising. Any wage rises will be at the expense of inflation. In a year's time, we may have a better guide to the success of his policies - for now, those in work will be pleased... but may find their wage being eroded.
Short-term gains are often illusory.
The same is true within companies. When judging your latest quarter results, set them in the longer-term context. You can grow short-term profits at the expense of longer-term investment - but only improved productivity gives longer-term, sustainable growth.
President Trump should be careful, though. America's productivity is not rising. Any wage rises will be at the expense of inflation. In a year's time, we may have a better guide to the success of his policies - for now, those in work will be pleased... but may find their wage being eroded.
Short-term gains are often illusory.
The same is true within companies. When judging your latest quarter results, set them in the longer-term context. You can grow short-term profits at the expense of longer-term investment - but only improved productivity gives longer-term, sustainable growth.
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