gcomeau wrote:And that's overall wages.
If you exclude executives and management the wages of the middle class are actually decreasing now after factoring in inflation... which Trump's idiot trade wars are driving up.
Actually, the graph doesn't include wages above 100k I think, under methodology they what wages are excluded from the graph.[/quote]
According to the definitions tab in the source spreadsheet they include management in their overall data...
If you don't...
https://www.businessinsider.com/workers ... uts-2018-8Real average hourly earnings (adjusted for inflation) for all employees on private nonfarm payrolls were totally unchanged in June from one year earlier.
Real average hourly earnings the approximately 80% of workers categorized as "production and nonsupervisory employees" edged 0.2% lower over the same period.
The article you linked prompted something in my memory...
"The Trump tax cuts were pitched as a boon to US workers, with the administration arguing their benefits would trickle-down into rising wages. "
It looks like it really gave the cash rich companies more to buy back their own stock...
(My broker and I had a bit of discussion on why companies were hold such large cash reserves even before this broke.
Oh BTW smr becomes the sound of one hand clapping in the face of facts that might disturb their neat picture of the universe.
https://www.cnbc.com/2018/07/02/corpora ... float.html