And the lowest paid workers are getting the highest wage increases in the Trump economy.
Seems to contradict the leftist fairy tale that only the rich benefited from Trump's tax cuts.
Trump lies. Do not believe him.
It is true that inflation-adjusted wages (
average weekly for production and nonsupervisory workers) peaked in February 1973 at $345.95, and then fluctuated but generally declined, hitting a low point of $263.73 in January 1996. They have again fluctuated since, but they’ve been on a general upward trend. They have increased 2.4% since Trump took office, from an average $308.21 per week to $315.74 per week in May, the most recent figures available from the Bureau of Labor Statistics. Technical note: All wage figures cited in this story from BLS are calculated in 1982-84 dollars – not current 2019 dollars.
During Obama’s last four years in office the average weekly earnings for production and nonsupervisory workers went up 4.9%. Over Obama’s entire two-term tenure, wages were up 4.2%.
Over President George W. Bush’s eight years in office, wages also increased by 4.2%, and under President Bill Clinton, they went up by 6.4%. (Real average weekly
earnings for all private sector employees, including supervisors, shows a similar trend, though BLS only has published statistics going back to 2006. Those figures are up 2.3% under Trump, 3.9% under Obama’s second term and 4% over his eight years in office.)
Are Wages Rising or Flat?