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More than Half of Americans Say They Didn't Get a Pay Raise this Year (marketwatch.com)
Although the economy saw new peaks in 2018, not all Americans report reaping the benefits. An anonymous reader shares a report: The majority of workers say they saw no salary increases this year, according to a new survey. More than 60% of Americans said they didn't get a pay raise at their current job or get a better-paying job in the last 12 months, according to a survey released Wednesday from finance site Bankrate.com. Meanwhile, executives have seen a surge in compensation, according to an August study from the Economic Policy Institute. The average chief executive officer at the 350 largest firms in the U.S. received $18.9 million in compensation in 2017, the study showed, a 17.6% increase over 2016. Despite those disparities, 91% of Americans say they have the same or greater confidence in the job market than they did one year ago, according to Bankrate.com.
Didn't Trump promise $4000 to $9000 average pay increase due to the tax cuts?
PJRC: Electronic Projects, 8051 Microcontroller Tools
You're making a huge assumption that employees are mobile. They are most definitely not. Moving is an expensive personal expense.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
So here are the actual figures:
https://media.brstatic.com/201...
In the past 12 months, have you gotten a raise at your current job, gotten a better paying job, neither or both?
27% got a pay raise.
6% got a better paying job.
5% got both.
62% got neither.
Note: among respondents who are employed full time or part time.
Sounds to me like great numbers. A very large amount of people in my experience are very passive, and will not look for a better job, nor bother asking for a pay raise. They just go with the flow, which is the "neither" part. Which means all they get are inflation correction kind of raises, plus the union/collective bargaining items, but they don't actually get raises or better paying jobs.
To me that looks that if you're active enough to either look for a better job, or ask for a pay raise and your work performance entitles you to it, you're going to get it in the current job market. So go and do it if you're in that 62%. And remember that while doing that, you must be looking for a better job while doing it. Yes, that's additional effort. And yes, that's how you get a raise instead of being a part of passive 62%.
You should never measure tax cuts against deficits and debt. That is just a political game that gets played every time and propagandized in the media. They should only be measured against TAX REVENUES. If you cut taxes and overall revenues go up, (because the economy is stimulated and growth drives it) then the tax cut is a benefit to the country as a whole. Just because the politicians decided to spend an extra $500 Billion during the same year that tax revenues only went up by $200 Billion, does not mean the tax cuts causes an extra $300 Billion deficit.
The problem is that with the recent tax cut, the revenues didn't increase nearly enough to offset it. It's nowhere near the levels the Republicans claimed it would rise to when they passed the tax cuts, it's not even to the level that the CBO estimated it would be so this tax cut is likely going to add to the debt even more than the 1.5 TRILLION dollars the Republicans claimed it would. The GDP has grown at similar levels as during the Obama administration and tax revenues have actually gone down on an inflation-adjusted basis. Studies that have looked at the economic impact of the corporate tax cut mostly went to share buybacks, companies didn't use the money to expand or invest, they gave it to their owners. It doesn't seem to have spurred any growth in the economy at all. The result of this tax bill seems to be that the rich got richer and the middle class (and the future middle class) will be paying the price.
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