MAGA: Wages were supposed to rise after Trump's tax cuts. Instead, they’ve fallen

[exGOPer]

Bloomberg: “First, the tax reform hasn’t yet resulted in appreciably higher wages for American workers. Real average hourly compensation actually fell in the first quarter after the tax reform was passed.”

“Official data for the second quarter isn’t available yet, but private data isn’t looking encouraging. PayScale’s index of real wages shows a dramatic deterioration in the period.”

 

[exGOPer]

 

[Cuddles]

But mah trickle down economics!!

 

[LacesOut]

More lies from the resident lying fucktard

“Official statistics contradicted that, showing stable or modestly rising wages.”

https://www.politifact.com/truth-o-...ges-fall-18-percent-after-donald-trumps-tax-/

 

[TRS]

More lies from the resident lying fucktard

“Official statistics contradicted that, showing stable or modestly rising wages.”

https://www.politifact.com/truth-o-...ges-fall-18-percent-after-donald-trumps-tax-/

Yes, real wages grew by a staggering three tenths of one percent ( .3% ) whilst inflation is trending higher from 2.07% in January to 2.95% in July.
So purchasing power is weakening.
Hardly surprising Trump's various policies would stoke the inflation dragon.

https://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp?reloaded=true

 

[smallfil]

More lies from the resident lying fucktard

“Official statistics contradicted that, showing stable or modestly rising wages.”

https://www.politifact.com/truth-o-...ges-fall-18-percent-after-donald-trumps-tax-/

When we have the highest employment rates and there is demand for employees services compared to those applying for jobs, how can wages be lower? These liberals have clearly, flunked all their economic classes! When there is demand for workers, the wages go up not down! Now, where the wages will go down is their idiotic fight for $15 per hour for fast food worker. When there is a push for higher wages but, no demand for workers, wages go down! That is what fight for $15 is doing! Now that portion of employees will see their hours cut, some of them laid off, automation adopted by the fast food franchisees. Now, these are the so called "smart" liberal policies which are huge failures being promoted by the Democrats! The dumb leading the dumb! I bet you those dumb fast food workers vote for Republicans once, they get laid off or their hours cut! They will see they have been lied to by the unions like SEIU and Democrat politicians! Midterm elections coming folks. Let us help President Trump drain the swamp and MAGA!

 

[Frederick Foresight]

But mah trickle down economics!!

Yeah, about that...

 

[exGOPer]

 

[LacesOut]

"Unemployment is low because everyone has two jobs!!!!"
Thanks Alexandra Occasional Cortex!

 

[piezoe]

The problem is CPI is outpacing wages. The American worker is still losing and Trump is not making any headway on China devaluing the Yuan.

His numbers are mostly in trend with what Obama handed him with the exception of federal debt and, ironically, the trade deficit. Both have spiked under his watch as a result of misguided and stupid policies. There is also retaliation for his tariffs are having an impact on our goods selling overseas.

The numbers below are as of July 10, 2018:

View attachment 188932

"Real earnings" if correctly represented will take CPI into account. So this shows a small gain in real weekly earning after taking into account CPI. The second quarter CPI figure must be the annualized rate. If the real weekly earnings shown here are correctly calculated then real weekly wages are up a little even after inflation. That's what "real" is supposed to mean, i.e., change corrected for inflation.