General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWorker wages in Free Fall, down 1.4%
https://www.cbsnews.com/news/worker-wages-drop-while-companies-spend-billions-to-boost-stocks/Trickle on economics is a scam and doesn't work. Workers are getting killed by the tax cuts combined with the tariffs.
For several years under Obama people lamented wage growth of 2.0% yearly, but that was good considering inflation was around 0%. As long as wage growth is outpacing inflation workers are seeing real wage growth and are improving their situation. Now we have inflation approaching 3% and set to soar, this eats all the wage growth up and then some. Inflation will explode if the trade war heats up and workers will see their paychecks stretched thinner and thinner.
Trump's policies are killing working families.
Fred Sanders
(23,946 posts)wages will fall as employers take advantage...get ready for Trump's "winning".
Corporations must be salivating as they sit on their new cash hordes....thanks, Trump!
Johnny2X2X
(19,107 posts)When the bubble pops look out below, they've already gutted the social safety net and have plans to do away with it entirely, the social safety will be needed badly for the next recession, people are going to be starving in the streets by the millions.
RKP5637
(67,112 posts)the moronic portion of the US, his stupid supporters with nothing, will clap and cheer.
RKP5637
(67,112 posts)in the next great depression, as his supporters wait for coal mining to return, great health plans and rebuilding the infrastructure. Instead, they are served with an empty platter as they applaud tax benefits for the uber-wealthy. Damn, we have a lot of really dumb F's in the US.
Bernardo de La Paz
(49,032 posts)TexasTowelie
(112,368 posts)pay raises most families receive. That doesn't include the increases on food, fuel and durable goods.
ProudMNDemocrat
(16,786 posts)Being that they voted for the Orange Puke and bought his bullshit that he was going to bring back Coal jobs, that the Tax Cuts were going to put more money in their pockets, have more freedoms, etc. Man, we're they conned. We are al paying in some way for this folly.
Johnny2X2X
(19,107 posts)FOX will not run a single story that reflects negatively on the economy. Trump voters think we are in the middle of a historic boom and wages are skyrocketing.