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Good thing companies are putting that big tax cut into hiring more worker and increasing wages. Otherwise, it would just be a big plus for corporate bottom line
by berbec 8y ago
Good thing companies are putting that big tax cut into hiring more worker and increasing wages. Otherwise, it would just be a big plus for corporate bottom lines and yet again invalidate trickle down, voodoo economics.
- clumsysmurf 8y agoGod forbid! Goldman Sachs : "every percentage-point increase in labor-cost inflation will drag down earnings of companies in the S&P 500 by 0.8%" https://www.wsj.com/articles/wage-gains-threaten-to-squeeze-retail-industrial-profits-1531134000 https://www.wsj.com/articles/wage-gains-threaten-to-squeeze-...
- ljw1001 8y agoI'm not an economist, but doesn't that make people .2% better off on average? It's almost like GS is interested in something other than the common good. :)