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American Real Wages Continue To Decline
According to the jobs report that was released on Friday, average hourly earnings for American workers increased 2.7 percent from July 2017 to July 2018.

But that increase lags behind the increase in prices, which went up by 2.9 percent from June 2017 to June 2018, the most recent period for which prices data is available.
That means that the economy Trump described on Tuesday as “the best economy in the history of our country” has actually left workers with less money in their pockets than they had a year ago.

Workers are feeling the pinch even after Trump and Republican members of Congress passed tax cuts for the rich late last year that they promised would juice the economy for the middle-class. As ThinkProgress detailed in June, six months after those tax cuts were approved, real average hourly earnings were actually down.

Instead of trickling down to workers like Republicans promised, benefits from the tax cut bill have largely enriched shareholders in the form of stock buybacks.

Beyond wages, Friday’s jobs report shows job growth at its slowest rate in five years.


Despite Trump's and the Republican party's best attempts, American real wages continue to fall to meet the global real wage of about $2 a day.

Can you live on $2/day?  If not, you better start making plans and preparations to do so right now.
Everyone can get a job but no one can get a raise in America

Workers Hardest Hit by Recession Are Joining in Recovery

One reason for the lack of big raises is that a substantial number of workers remain on the sidelines, including the less-skilled ones who are now gradually coming back, said Simona Mocuta, senior economist with State Street Global Advisors.

A key reason for low wage growth: An insightful view from someone who lives it.



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