Monday, 13 January 2020

Wages Soar Fastest among Those with the Least


This is terribly interesting. The biggest growth in real wages in America is for the working class (it’s that line at the top right in the chart above). This is the direct opposite of what is believed on the Left, who constantly claim the only benefits of Trump’s tax cuts is for the rich.  The opposite is the truth, as figures from the Fed show.
Growth of working class wages, at 4.5%, well outpaces inflation.  And is nearly double growth of wages for the richest percentile.
Here.