Worker wages drop while companies spend billions to boost stocks
2018-07-16, 07:54 PM,
#1
Six months after the Tax Cut and Jobs Act became law, there's still little evidence that the average job holder is feeling the benefit.

Worker 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.

"Now, economic confidence has been good, we're in a strong economy, GDP is growing, but the question has been, where's the paycheck?" said Katie Bardaro, vice president of data analytics at PayScale.

https://www.cbsnews.com/amp/news/worker-...ost-stocks
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2018-07-16, 08:04 PM,
#2
This is the reality of corporate companies.
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2018-07-16, 08:11 PM,
#3
Rich people get richer and poor people to get fucked
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2018-07-16, 08:21 PM,
#4
I can't wait for the bottom to fall out and all these companies go under
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2018-07-16, 09:04 PM,
#5
What a huge surprise, I never would have guess this could happen. :/
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2018-07-16, 10:40 PM,
#6
The news is just like, water is wet.
Reply
2018-07-16, 10:49 PM,
#7
But I thought unemployment was at record lows
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