Six Months After Trump's Tax Cut Scam Wages Down 1.4%

Worker pay in the second quarter dropped nearly one percent below its first-quarter level, according to the PayScale Index, one measure of worker pay. When accounting for inflation, the drop is even steeper. Year-over-year, rising prices have eaten up still-modest pay gains for many workers, with the result that real wages fell 1.4 percent from the prior year, according to PayScale. The drop was broad, with 80 percent of industries and two-thirds of metro areas affected.

 

Source

 

For those of us that don't believe in fairytales, this is an entirely predictable result.  Hey, all that matters is that Trump and his buddies, as he put it, got a whole lot richer. MAGA

 

   And so it goes....

Its possible it just has not been implemented yet.   According to the administration the average worker will yield $4k in salary increments do to the new tax law.     I confess I have not received mine yet.   Fingers crossed!

Q2 GDP growth was 4.1%  This is the 4th quarter out of the last five to  be at 2.9% or greater.  

 

This compares to obama's 8 year average of 1.5%


Originally posted by: PJ Stroh

Its possible it just has not been implemented yet.   According to the administration the average worker will yield $4k in salary increments do to the new tax law.     I confess I have not received mine yet.   Fingers crossed!


Amen PJ,Amen!! Ihave not received mine either.Maybe if I hold my breath???

"U.S. workers saw the largest increase in wages and benefits since September 2008, according to a new report from the Labor Department on Tuesday.

 

The employment cost index, a gauge of total compensation for civilian workers, increased 0.6% in the second quarter. The cost of pay and benefits jumped 2.8% in the 12-month period ended in June, the highest yearly growth rate in nearly a decade.

 

Wages alone gained 2.8% over the past 12 months, which also reflected a near 10-year high."

And who was president for 8 of those 10 years?

Once again, FACTS disprove Liberal rhetoric - some things never change, Liberals lie and when the dust settles, the Facts prove them liars.

Originally posted by: tom

"U.S. workers saw the largest increase in wages and benefits since September 2008, according to a new report from the Labor Department on Tuesday.

 

The employment cost index, a gauge of total compensation for civilian workers, increased 0.6% in the second quarter. The cost of pay and benefits jumped 2.8% in the 12-month period ended in June, the highest yearly growth rate in nearly a decade.

 

Wages alone gained 2.8% over the past 12 months, which also reflected a near 10-year high."

And who was president for 8 of those 10 years?


Nope, factor in inflation like the payscale index did and you will get a different result.  

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