4 ms·

Doesn’t mention historical data. I’m willing to believe (actually I’d even bet) it’s worse today than during previous booms, but why oh why can’t we have better

• awinder 8y ago
  https://www.ssa.gov/oact/cola/awidevelop.html https://www.ssa.gov/oact/cola/awidevelop.html 2018 numbers not reported (obviously), and given this being the first year of the tax overhaul, this year “should” have resulted in a much higher average increase in salary (if you believe trickle down to work, this would be the year for it to finally work.)
  • hyperpape 8y ago
    How do you go from averages to distributional effects, though?
  • cannonedhamster 8y ago
    Based on the average that most people received, it's unlikely that unless you were making decent money already you received much. The average worker in the US makes around $45k/year which amounts to a tax break of about $20 a week. So a single fill up of gas or less per week. I'm not thinking most people are wowed. Now shareholders got a huge break, companies flat out admitted that they were going to use the money to make their shareholders wealthier, which is plainly their right. It was a terrible tax plan that increased the deficit, did nothing to really help those who needed it, and moved more money to the already wealthy. https://money.cnn.com/2018/02/01/pf/taxes/paychecks-new-tax-law/index.html https://money.cnn.com/2018/02/01/pf/taxes/paychecks-new-tax-... https://www.thebalancecareers.com/average-salary-information-for-us-workers-2060808 https://www.thebalancecareers.com/average-salary-information...