How the Republican tax cuts are failing workers, in one chart [vox.com]

Alicia Doktor 7/25/184:00 AM

When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t.

Over the weekend, this chart from Bloomberg showing private data from PayScale’s wage index swept across Twitter. It shows a drop in wages in the second quarter of the year. While wages have risen by 12.9 percent overall since 2006, wages adjusted for inflation (so-called “real wages”) have actually fallen by 9.3 percent.

And between the first and second quarters of 2018 — after the tax cuts were enacted — real wages fell by 1.8 percent.

[For more on this story by Emily Stewart, go to https://www.vox.com/2018/7/23/...work-bloomberg-wages]

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