Pay, still checked
President Trump and congressional Republicans vowed that last year's huge tax cut, massively skewed to corporations and the wealthy, would slice, dice and increase long-stagnant worker wages. While job creation continues its healthy Obama-era trend, wages are another matter. While some federal data shows modest gains, the Pay Scale Index, a private measure, notes that average pay plunged 1.8% in 2017's second quarter and is down 1.4% year over year. Meanwhile, corporate profits just registered record growth for the second straight quarter.
Please tell us more, Mr. President, about how the economy is rigged.