BEA annual revisions revealed wages grew even stronger than initially reported in 2017 and 2018, vs. weaker than weak in 2015 and 2016.
It rose 4.5% & 5% in 2017 and 2018, respectively, roughly $4.4 billion and $87.1 billion more than initially reported. peoplespunditdaily.com/news/economy/2…
Compensation rose $378 billion, or 3.4% in the first six months of 2019. That means employee compensation in the first six months of 2019 gained $150 billion more than all of 2016.
Now this.
peoplespunditdaily.com/news/economy/2…
Well, duh.
But the larger (missed by media) point was that data show cutting corporate tax rates increases wages for workers.
So, no shocker...
peoplespunditdaily.com/policy/2017/10…
Data always showed revenues would ↑. peoplespunditdaily.com/policy/2017/10…
![](https://pbs.twimg.com/media/ESc75LQXkAADd96.png)
It's also good globally, B/C we forced Australia to cut their rates.
peoplespunditdaily.com/policy/2017/10…
![](https://pbs.twimg.com/media/ESc8t6gX0AAKd3D.jpg)
In June 2018, Dan was debating impact. He didn't know it was already working.
peoplespunditdaily.com/policy/2018/06…
Barack Obama simply does NOT deserve credit, any credit, for the Trump Economy.
None.