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Inflation-adjusted wages have fallen for three straight quarters on a year-over-year basis, according to data
[FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif][FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif][/FONT]released by the Labor Department Tuesday. MarketWatch's Steve Goldstein [/FONT]provided
[FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif]a chart that shows a dismal picture for real wages this year:
[FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif][FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif][/FONT]released by the Labor Department Tuesday. MarketWatch's Steve Goldstein [/FONT]provided
[FONT=Tahoma,Calibri,Verdana,Geneva,sans-serif]a chart that shows a dismal picture for real wages this year:
Bloomberg's Noah Smith said
that while it's too soon to reach a definitive conclusion, it does appear that the Republican tax cuts are failing to provide much of a boost for American
[SUB][/SUB][/FONT]that while it's too soon to reach a definitive conclusion, it does appear that the Republican tax cuts are failing to provide much of a boost for American
workers. The only thing that's booming is stock buybacks, while business investment is only moderately higher and wages are falling. 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.