Oh Look, America! Your Wages Didnt Increase!
Republicans assured you that your annual wages would grow due to their tax plan’s trickle-down magic. A month removed from the GOP’s legislative success, and this unsurprising news surfaces:
Only 9 companies in the S&P 100 contacted by CNBC said they have specific plans to use some of the money saved from the corporate tax cuts to boost worker pay or invest in facilities or charitable causes.
Of the companies which do plan on relinquishing some of their wealth, like Comcast and Walmart, it seems that $1,000 is the number of choice. Even then, these are not pay raises but instead one-off bonuses and the conditions attached to them are hysterically limited.
For instance, if you worked at Walmart for nineteen years you would not receive the aforementioned $1,000. But if you spent twenty years toiling for the corporate giant? You’re in luck! Hard work does pay off.
These bonuses are lackluster, arbitrary, and insulting. Yet our media entities are treating them seriously—without acknowledging that these one-off pay bumps are not what we were promised in the first place.
An honest headline about this subject would read: “Companies Fail To Live Up To Wage Increases, Instead Offer One-Off Bonuses.”
Instead, we got The New York Times telling us that “Companies Are Handing Out Bonuses Thanks to the Tax Law.” USA Today followed suit with “What employers gave bonuses and raises after big tax cut” and The Washington Examiner similarly noted how “$1,000 employee bonus check credits ‘Trump Tax Cut And Jobs Act’”.
Whether or not any of these articles later highlight the lack of wage increases is meaningless. Headlines matter. When it comes to digesting news, more than six out of ten Americans admit they just read the headlines.
https://civicskunk.works/oh-look-america-your-wages-didnt-increase-d637860d7247
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