Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Johnny2X2X

(19,001 posts)
Mon Jul 16, 2018, 10:18 AM Jul 2018

Worker wages in Free Fall, down 1.4%

https://www.cbsnews.com/news/worker-wages-drop-while-companies-spend-billions-to-boost-stocks/

Trickle on economics is a scam and doesn't work. Workers are getting killed by the tax cuts combined with the tariffs.

For several years under Obama people lamented wage growth of 2.0% yearly, but that was good considering inflation was around 0%. As long as wage growth is outpacing inflation workers are seeing real wage growth and are improving their situation. Now we have inflation approaching 3% and set to soar, this eats all the wage growth up and then some. Inflation will explode if the trade war heats up and workers will see their paychecks stretched thinner and thinner.

Trump's policies are killing working families.
8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Fred Sanders

(23,946 posts)
1. Inflation is about to explode, workers rights assaulted some more, trade wars will cripple jobs,
Mon Jul 16, 2018, 10:27 AM
Jul 2018

wages will fall as employers take advantage...get ready for Trump's "winning".

Corporations must be salivating as they sit on their new cash hordes....thanks, Trump!

Johnny2X2X

(19,001 posts)
2. Stock buy backs create an artificial bubble
Mon Jul 16, 2018, 10:30 AM
Jul 2018

When the bubble pops look out below, they've already gutted the social safety net and have plans to do away with it entirely, the social safety will be needed badly for the next recession, people are going to be starving in the streets by the millions.

RKP5637

(67,101 posts)
6. And then they will severely cut SS and Medicare, saying we can not afford this welfare anymore. And
Mon Jul 16, 2018, 10:34 AM
Jul 2018

the moronic portion of the US, his stupid supporters with nothing, will clap and cheer.

RKP5637

(67,101 posts)
5. tRump, will blame it on Hillary and Obama, and his moronic supporters will cheer. tRump is ushering
Mon Jul 16, 2018, 10:32 AM
Jul 2018

in the next great depression, as his supporters wait for coal mining to return, great health plans and rebuilding the infrastructure. Instead, they are served with an empty platter as they applaud tax benefits for the uber-wealthy. Damn, we have a lot of really dumb F's in the US.

TexasTowelie

(112,056 posts)
4. The increase in health insurance premiums will eat up whatever
Mon Jul 16, 2018, 10:31 AM
Jul 2018

pay raises most families receive. That doesn't include the increases on food, fuel and durable goods.

ProudMNDemocrat

(16,780 posts)
7. Makes you wonder how TRUMPERS are taking this......
Mon Jul 16, 2018, 10:43 AM
Jul 2018

Being that they voted for the Orange Puke and bought his bullshit that he was going to bring back Coal jobs, that the Tax Cuts were going to put more money in their pockets, have more freedoms, etc. Man, we're they conned. We are al paying in some way for this folly.

Johnny2X2X

(19,001 posts)
8. They don't know about it
Mon Jul 16, 2018, 10:45 AM
Jul 2018

FOX will not run a single story that reflects negatively on the economy. Trump voters think we are in the middle of a historic boom and wages are skyrocketing.

Latest Discussions»General Discussion»Worker wages in Free Fall...