Wages have declined.
Worker wages drop while companies spend billions to boost stocks
July 11, 2018, 3:49 PM
Six months after the Tax Cut and Jobs Act became law, there's still little evidence that the average job holder is feeling the benefit.
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.
https://www.cbsnews.com/news/worker-...-boost-stocks/
Trump and the GOP promised that workers would see at least a $4000 increase in their pay.
Instead, pay has declined.
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