LogFAQs > #901790708

TheRock1525 posted...

Thanks to the tax cuts, hourly rates have risen at whopping 67 cents since last year. So roughly $25 for every 40 hour work week (if you even get 40 hours).

In April, average hourly earnings for all employees on private nonfarm payrolls
rose by 4 cents to $26.84. Over the year, average hourly earnings have increased by
67 cents, or 2.6 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 5 cents to $22.51 in April. (See tables B-3
and B-8.)

https://www.bls.gov/news.release/empsit.nr0.htm

I got this from an article about how Harley Davidson closed down a factory and laid off 800 workers while making $700 million in stock buybacks.

I just want to point out that you are making leaps regarding this article. It doesn't matter though. We will be able to judge the tax cuts effect on the economy a few years for now. As of now, the GDP gains have been pushed higher on the backs of the tax cuts. Whether it will be enough to offset the lack of tax base, we will find out.
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