3 ms·
>I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting. Wages haven't seen an increase since the
by prolikewh0a 8y ago
>I figure that all those extra dollars in people's paychecks are allowing them to get that shed they've been wanting.
Wages haven't seen an increase since the 70's for 60% of the country. There must be some other contributing factor.
https://www.businessinsider.com/record-median-household-income-is-hiding-a-chilling-fact-2017-9 https://www.businessinsider.com/record-median-household-inco...
- Fjolsvith 8y agoThat data is from before the Trump tax cut. I don't think you can dismiss it as a factor.
- prolikewh0a 8y agoThe tax cuts were to benefit the already wealthy. The majority of the country has actually seen wages fall since the tax cuts. https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloomberg-wages https://www.vox.com/2018/7/23/17602746/tax-cuts-work-bloombe...
- Fjolsvith 8y agoQuote from that article: "Statistics data from the second quarter isn’t available yet. Two quarters might be too early to gauge the tax bill’s effects on wages."
- Fjolsvith 8y agoBesides, the extra dollars in their paychecks didn't come from wage increases. It came from them having less money withheld from their current pay.