August 15, 2018

Sorry, average Trump voter, your wages aren't going up

DC Report = While Trump keeps saying wages are rising the official government data show that’s just not true.

Consider a worker paid the median wage, half make more and half less, of $600 a week in round numbers. If she got the average 2.8% raise on July 1, her gross pay rose by a bit under $17.

This article is the first in a series in which David Cay Johnston will examine the real effects of Trumponomics. Future articles will look at taxes and trade.

Now consider inflation since her last raise a year earlier. Inflation ran 2.9%, according to the Bureau of Labor Statistics.

That means our model worker is actually making less in real wages. Its only 60-cents less each week, not that she’d notice, but less is less and most definitely is not more no matter how often Trump says otherwise.

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