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Wage growth is coming I believe. With unemployment levels as low as they are, tax and regulatory burdens on companies drastically lowered, an economy that is rock solid, we will see rising wages soon, companies will be forced to pay more to get the workers and will be able to with increased profits. We already saw annual bonuses from the tax cut plan.
The facts about those bonuses was that many of them were 'routine' -- they had been given out previous years.
But it made for some good press and it was most definitely a message to the feds that these corporations like paying less taxes.
Wage growth is coming I believe. With unemployment levels as low as they are, tax and regulatory burdens on companies drastically lowered, an economy that is rock solid, we will see rising wages soon, companies will be forced to pay more to get the workers and will be able to with increased profits. We already saw annual bonuses from the tax cut plan.
except thats not happening. as we've seen, corps are taking the cash and doing buybacks and increased divs. thats it.
4.1% GDP growth. How did Trump do it? Borrowing. His tax cuts were all funded by public debt financing.
It's like the guy who takes out a cash advance on his credit card to throw a wild party for 200 guests to impress them. Any idiot can borrow money to look prosperous.
Funny how during Obama's reign of continuous economic growth we heard rightwingers complain that the economy was propped up by the Fed's "printing of money" and QE. Trump uses debt financing for his tax cuts and the right wing has suddenly stopped complaining about deficits.
1. Russia under every bed in the USA
2. Impeach the President
3. All white people are racist!
4. CRUMBS!!!
5. We are all now Socialists!
Let's not forget Maxine Waters who wants to impeach Trump every other week, but never mentions the Black unemployment rate at record lows. I guess she really doesn't care much about that.
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