How The Republican Tax Cuts Are Hurting Workers In One Chart

[skews13]

When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t.

Over the weekend, this chart from Bloomberg showing private data from PayScale’s wage index swept across Twitter. It shows a drop in wages in the second quarter of the year. While wages have risen by 12.9 percent overall since 2006, wages adjusted for inflation (so-called “real wages”) have actually fallen by 9.3 percent.

And between the first and second quarters of 2018 — after the tax cuts were enacted — real wages fell by 1.8 percent.

How the Republican tax cuts are failing workers, in one chart

 

[Rambunctious]

give us a break with the phony charts and graphs....its as fake as the news...

 

[PredFan]

When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t.

Over the weekend, this chart from Bloomberg showing private data from PayScale’s wage index swept across Twitter. It shows a drop in wages in the second quarter of the year. While wages have risen by 12.9 percent overall since 2006, wages adjusted for inflation (so-called “real wages”) have actually fallen by 9.3 percent.

And between the first and second quarters of 2018 — after the tax cuts were enacted — real wages fell by 1.8 percent.

How the Republican tax cuts are failing workers, in one chart

Lie all you want to. Reality and the American people dosagree and you people have lied so much and for so long that no one will take you seriously for a very long time.

 

[Penelope]

give us a break with the phony charts and graphs....its as fake as the news...

Bloomberg usually knows what they are talking about.

 

[Rambunctious]

Bloomberg usually knows what they are talking about

Not when they are talking about this...obviously...the economy is kicking ass and taking names...

 

[Toddsterpatriot]

When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t.

Over the weekend, this chart from Bloomberg showing private data from PayScale’s wage index swept across Twitter. It shows a drop in wages in the second quarter of the year. While wages have risen by 12.9 percent overall since 2006, wages adjusted for inflation (so-called “real wages”) have actually fallen by 9.3 percent.

And between the first and second quarters of 2018 — after the tax cuts were enacted — real wages fell by 1.8 percent.

How the Republican tax cuts are failing workers, in one chart

The Dems should definitely run on raising taxes.....a lot.
And letting in more illegal aliens.....a lot.

 

[william the wie]

give us a break with the phony charts and graphs....its as fake as the news...

No,reentry into the labor force always causes some problems. A lot of new hires have a bad employment history over the past 10-12 years and need a lot of retraining. Given the poor 2005-16 labor market this is very good news

 

[Kosh]

The entitlement mentality hurts jobs more than any far left religious dogma being posted in the OP..