• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Trump Good For Workers

calamity

calamity

Privileged
Supporting Member
DP Veteran
Monthly Donator
Joined
Feb 12, 2013
Messages
160,900
Reaction score
57,844
Gender
Undisclosed
Political Leaning
Centrist
False.

https://www.bloomberg.com/view/articles/2018-07-18/trump-s-tax-cut-hasn-t-done-anything-for-workers

First, the tax reform hasn’t yet resulted in appreciably higher wages for American workers. Real average hourly compensation actually fell in the first quarter after the tax reform was passed...

Official data for the second quarter isn’t available yet, but private data isn’t looking encouraging. PayScale’s index of real wages shows a dramatic deterioration in the period...

Huge, immediate gains for wealthy shareholders combined with tepid increases in business investment and decreases in real wages don’t paint a flattering picture of the tax cut’s impact so far. There is, however, a possibility that the tax cut has acted as a Keynesian fiscal stimulus, helping to push down unemployment.

But that’s not exactly the long-term structural improvement that the bill’s supporters advertised.
Click to expand...

Translation: You been trixed
 
calamity said:
False.

https://www.bloomberg.com/view/articles/2018-07-18/trump-s-tax-cut-hasn-t-done-anything-for-workers
Translation: You been trixed
Click to expand...

Tastes great — less filling — nuclear cloud up in windfall tax cuts for the corporates — barely a trickle down for the working Joe and Jane — inflation up — wages down — 2.5 billion pounds of beef rotting — economic lies from Pastor Pence — dicking farmers on tariffs — trillion dollar deficits from here to eternity —
 
Linc said:
Tastes great — less filling — nuclear cloud up in windfall tax cuts for the corporates — barely a trickle down for the working Joe and Jane — inflation up — wages down — 2.5 billion pounds of beef rotting — economic lies from Pastor Pence — dicking farmers on tariffs — trillion dollar deficits from here to eternity—
Click to expand...

And, yet all you'll here is "Trump is Great! Derp."
 
Wages are not increasing as fast as people would like, but they are increasing. It takes time for the market to adjust. Unemployment is at an 18 year low.

Median base pay for workers in the United States climbed by 1.6 percent in June to $52,052, according to the latest edition of Glassdoor's Local Pay Report. That was the strongest growth in the wage statistic so far in 2018.

"With unemployment hovering around historic lows, employers' need to fill roles climbs," said Glassdoor Chief Economist Andrew Chamberlain in a press release. "What results is that more workers, especially in high demand industries like healthcare, finance, and e-commerce, are in the driver's seat to negotiate for better pay in order to fill these roles."

The Glassdoor data showed that traditional blue-collar jobs -- such as truck driver, warehouse associate, and materials handler -- posted large wage gains. The increases were tied to the increasing demand for manpower in those areas created by growth in e-commerce, and Chamberlain expects that wages for these positions will continue to climb throughout 2018.
Click to expand...

https://www.usatoday.com/story/mone...-in-june-was-2018s-strongest-so-far/36579285/
 
Of course it didn't.

Instead, the companies engaged in the stock buybacks, just like all those evil liberals and economists predicted they would. They did it while a large portion of the right was declaring victory in light of the trinkets the same companies tossed their workers (one-time bonuses worth the tiniest fraction of the benefit the company received from the tax cut).
 
You must log in or register to reply here.
Back
Top Bottom