Ted Frazier
Gold Member
- Nov 12, 2016
- 3,102
- 620
- 255
- Banned
- #1
Wages adjusted for inflation (real wages) dropped 1.4% this second quarter compared to the second quarter last year, despite the tax cuts.
#MAGA
Worker wages drop while companies spend billions to boost stocksWorker pay in the second quarter dropped nearly one percent below its first-quarter level, according to the PayScale Index, one measure of worker pay. When accounting for inflation, the drop is even steeper. Year-over-year, rising prices have eaten up still-modest pay gains for many workers, with the result that real wages fell 1.4 percent from the prior year, according to PayScale. The drop was broad, with 80 percent of industries and two-thirds of metro areas affected.
#MAGA