Americans making less money despite Trump's promises (Corporate Profits, wages, salaries)
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Donald Trump heads into a midterm referendum on his presidency showing no real progress on a core promise: to raise the wages of America's "forgotten man and woman."
Once the impact of inflation is included, ordinary Americans' hourly earnings are lower than they were a year ago.
Real wages have remained mostly stagnant despite an expanding economy, record stock prices, soaring corporate profits and a giant deficit-fueled stimulus from Trump's tax cuts that took effect Jan. 1. The Trump administration claimed its policies would immediately boost wages, with its tax overhaul ultimately increasing average pay by $4,000 to $9,000.
That hasn't happened. And though Trump regularly boasts of the economy's performance, many Americans don't feel they're sharing in the gains — a risk for Republicans as they seek to defend their House and Senate majorities in November elections.
Trump lies...as usual and he and his cronies will continue to screw the average American.
MAGA
Never heard the quote below from your link.....
Quote:
The Trump administration claimed its policies would immediately boost wages, with its tax overhaul ultimately increasing average pay by $4,000 to $9,000.
And your link does not provide anything to back the above quote up......maybe you can?
Trump lies...as usual and he and his cronies will continue to screw the average American.
MAGA
Got news for you. You somehow think Americans making less money is a recent thing?
This has been going on since the 1980s, probably even earlier. Families used to afford the house in the suburbs even on one salary. Now it takes 2 salaries for many just to keep their heads above water. Wages have remained stagnant, pensions have disappeared, benefits have been reduced and many jobs have been reduced to part time.
Neither party has been doing anything about it. None of the previous Presidents as far back as I can remember have even made an attempt to at least address some of the issues - until Trump.
Real average hourly earnings down 0.2 percent over the 12 months ending July 2018
AUGUST 15, 2018
Real average hourly earnings for all employees decreased 0.2 percent from July 2017 to July 2018. The decline in real average hourly earnings combined with the 0.3-percent increase in the average workweek resulted in a 0.1-percent increase in real average weekly earnings over this 12-month period.
I think a lot of people are in for a big surprise at tax time too.
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Even some of us middle class are doing quite well.
Im in the middle class. While I am doing better then last year....that is not true if I take inflation into account.
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