According to Payscale, wages have risen 12.9 percent overall in the US since 2006.
However, when you factor in inflation, “real wages” have actually fallen 9.3 percent. In other words, the income for a typical worker today buys them less than it did in 2006.
According to CBS News, corporations are on-pace to spend $433 billion worth of buybacks, which is double the previous record set in Q1 2018. Why are they doing this?
One of the ways we were asked to judge the success of the GOP tax cuts were to see how they’ll help everyday people. By that measure, they’ve undoubtedly failed. They’ll also expire in 2025 for most Americans while the lower corporate rate will be permanent.