Corporations got a tax cut, workers get a pay cut under Trump-GOP.

[senseamp]

U.S. average hourly earnings adjusted for inflation fell 0.2 percent in July from a year earlier, data released on Friday showed, notching the lowest reading since 2012. While inflation isn’t high in historical terms, after years of being too low following the 2007-2009 recession, its recent gains are taking a bigger bite out of U.S. paychecks.
“Inflation has been climbing and wage growth, meanwhile, has been flat as a pancake,” said Laura Rosner, senior economist at MacroPolicy Perspectives LLC in New York. “In a very tight labor market you would expect that workers would negotiate their wages to at least keep up with the cost of living, and the picture tells you that they’re not.”

This is before the inflation from tariffs kicks in. Then, bend over.

 

[KMFJD]

nvm

 

[BUTCH1]

Yup, Co's figured out after the last recession many people will work for peanuts just to have a job. The minimum wage is laughably low and few in congress seem to care. Big, powerful Co's like Amazon/Wal-mart pay peanuts but gladly tell employers how to file for federal assistance. What we our seeing is the rich CEO's/stockholders fleece the federal government through jobs that pay is unable to support a single person much less a family.