It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
When Republicans delivered $1.5 trillion in tax cuts last December and slashed the corporate tax rate from 35 percent to 21 percent, they said it would come with a big wage boost for American workers. Except it hasn’t.
Over the weekend, this chart from Bloomberg showing private data from PayScale’s wage index swept across Twitter. It shows a drop in wages in the second quarter of the year. While wages have risen by 12.9 percent overall since 2006, wages adjusted for inflation (so-called “real wages”) have actually fallen by 9.3 percent.
And between the first and second quarters of 2018 — after the tax cuts were enacted — real wages fell by 1.8 percent.
PayScale was developed to help people obtain accurate real-time information on job market compensation. The service works via the Internet by enabling individual employees to submit their job profile and salary data, which is then compared to others. The company claims that it is able to use the volume of information statistically to determine accurate real-time salary information.[6]
The company generates revenue by selling aggregate data and web services to employers, to aid in determining correct market rates for hiring, benchmarking and budgeting, and by targeted advertising to employees that visit its web site.
The company has published rankings of U.S. universities based on "return on investment," or the purported difference between student expenditures for a university degree and the money they earn from it.[7] These rankings are dramatically different from better-known rankings published by U.S. News and World Report, Forbes, The Economist, and other mainstream publications (for instance, PayScale places Yale University 93rd among American universities and Georgetown University 132nd). The Chronicle of Higher Education has criticized PayScale for using misleading sample sizes and for omitting all alumni of universities who go on to grad school from its count.[8]
1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?
I think we should just raise taxes back up
originally posted by: Alien Abduct
a reply to: Southern Guardian
I think we should just raise taxes back up LMFAO!
originally posted by: Southern Guardian
a reply to: Alien Abduct
1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?
Thank you for that anecdotal account of yours. One of many to follow I'm sure.
As for proof these tax cuts are the cause? Well we have a (R) President, and (R) congress, we had (R) tax cuts passed last year heavily in favor of the wealthy and record corporate tax cuts. I'm uncertain what else one could attribute this to? Maybe it's those record deficits the administration and congress are predicting? Causing panic and cost cutting among businesses? Whatever it is, those multi-trillion tax cuts don't seem to be doing jack for the working man.
I think we should just raise taxes back up
Who proposed raising taxes?
originally posted by: Alien Abduct
originally posted by: Southern Guardian
a reply to: Alien Abduct
1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?
Thank you for that anecdotal account of yours. One of many to follow I'm sure.
As for proof these tax cuts are the cause? Well we have a (R) President, and (R) congress, we had (R) tax cuts passed last year heavily in favor of the wealthy and record corporate tax cuts. I'm uncertain what else one could attribute this to? Maybe it's those record deficits the administration and congress are predicting? Causing panic and cost cutting among businesses? Whatever it is, those multi-trillion tax cuts don't seem to be doing jack for the working man.
I think we should just raise taxes back up
Who proposed raising taxes?
So, in other words you have no proof that Trump’s tax cuts are the cause.
How do you know wages wouldn’t have dropped anyways?
By the way I’ll tell you the real reason why wages went down. It’s because we have 20 MILLION illegals working in this country for faaaar below what the job would otherwise pay! THAT drives down wages and THAT is a fact!
My experience with Payscale
Considering the 1000's of submissions of salary data on there?
With regards to the graph only starting from 2016, it's relevant when applying to this administration. By all means get a complete graph for the last 10 years and share it on here.
originally posted by: hopenotfeariswhatweneed
originally posted by: Alien Abduct
originally posted by: Southern Guardian
a reply to: Alien Abduct
1.8% ?? LoL I gained a hell of a lot more than that through my tax cut. Anyways is there any proof that Trumps tax cuts is the actual cause of the wage drop, or might the wages have dropped anyways?
Thank you for that anecdotal account of yours. One of many to follow I'm sure.
As for proof these tax cuts are the cause? Well we have a (R) President, and (R) congress, we had (R) tax cuts passed last year heavily in favor of the wealthy and record corporate tax cuts. I'm uncertain what else one could attribute this to? Maybe it's those record deficits the administration and congress are predicting? Causing panic and cost cutting among businesses? Whatever it is, those multi-trillion tax cuts don't seem to be doing jack for the working man.
I think we should just raise taxes back up
Who proposed raising taxes?
So, in other words you have no proof that Trump’s tax cuts are the cause.
How do you know wages wouldn’t have dropped anyways?
By the way I’ll tell you the real reason why wages went down. It’s because we have 20 MILLION illegals working in this country for faaaar below what the job would otherwise pay! THAT drives down wages and THAT is a fact!
Oh right I thought Trump was MAGA, you know , income equality, more jobs better economy... How is possible wages aren't going up?
originally posted by: Southern Guardian
a reply to: ColdWisdom
My experience with Payscale funnily enough tends to be that individuals and businesses who submit their salaries online tend to boost their incomes to appear competitive in the market. There's exactly zero motivation to underplay the earnings in your company. If this is the concern, the implication, then we'd assume submissions on Payscale are politically motivated which is a little far fetched don't you think? Considering the 1000's of submissions of salary data on there?
With regards to the graph only starting from 2016, it's relevant when applying to this administration. By all means get a complete graph for the last 10 years and share it on here.