In addition to participation providing context to unemployment, wages are particularly problematic for the "Obama deserves credit too!" crowd.
BEA annual revisions revealed wages grew even stronger than initially reported in 2017 and 2018, vs. weaker than weak in 2015 and 2016.
BEA annual revisions revealed wages grew even stronger than initially reported in 2017 and 2018, vs. weaker than weak in 2015 and 2016.
Employee compensation rose 42% more during the first two years of the Trump Admin than in latter two years under the Obama Admin.
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…
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…
In Q4 2018, wages posted the biggest gain (3.1%) since Q3 2008.
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…
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…
Also worth noting, wage gains in 2018 where written as temporary effects of the Tax Cut and Jobs Act (TCJA).
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…
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…
Also, also worth noting, @USCBO budget outlook showed Tax Cuts and Jobs Act (TCJA) did NOT add to deficit, as they projected B/C they never accurately score, let alone dynamic scoring.
Data always showed revenues would ↑. peoplespunditdaily.com/policy/2017/10…
Data always showed revenues would ↑. peoplespunditdaily.com/policy/2017/10…
And again, it should also come as no surprise that wages are rising thanks to the Tax Cuts and Jobs Act (TCJA), because that's what the data from developed nations always indicated.
It's also good globally, B/C we forced Australia to cut their rates.
peoplespunditdaily.com/policy/2017/10…
It's also good globally, B/C we forced Australia to cut their rates.
peoplespunditdaily.com/policy/2017/10…
Ironically, the only prediction pro-Trump tax reform crew didn't get correct was how fast Tax Cuts and Jobs Act (TCJA) would put upward (and sustained) pressure on wage growth.
In June 2018, Dan was debating impact. He didn't know it was already working.
peoplespunditdaily.com/policy/2018/06…
In June 2018, Dan was debating impact. He didn't know it was already working.
peoplespunditdaily.com/policy/2018/06…
So, after all this in a thread about the Tax Cuts and Jobs Act (TCJA) and wages, and Trump vs. Obama Admins., we circle back to this for the month of February.
Barack Obama simply does NOT deserve credit, any credit, for the Trump Economy.
None.
Barack Obama simply does NOT deserve credit, any credit, for the Trump Economy.
None.
