Explore your flexible work options with AARP's Flexible Work Online Expo from 2-5 p.m. ET Tuesday! Register now.

Reply
Highlighted
Valued Social Butterfly
2
Kudos
231
Views

Re: Wage Growth Falls Under Trump Tax Scam!

231 Views
Message 1 of 5

From 1948 until 1973, worker productivity increased 96.7% while worker's wages increased by 91.5%. This means for every dollar the worker added to compnay profits, s/he got back 95 cents in their paycheck.

 

From 1974 until 2015. worker productivity increased by 241%, but worker's wages only grew by 112%. For every dollar the worker added to company profits, s/he only got back 46 cents in their paycheck with the difference ALL going to senior management because Stockholders ALSO saw a reduction in their "share" of profits, the average stock ROI shrinking from 2.4% to 2.1% over the same period.

 

This has NOTHING to do with "Globalization" or "Automation" BECAUSE the data only reflects the WORKERS WHO ARE STILL THERE - not the ones who lost their jobs to outsourcing OR automation.

 

If the same ratio of productivity to wages we had from 1948 to 1973 had continued until 2015, the average wage in the US would be $84,000, not $54,000 and CEOs would be getting $1Million instead of $15Million with similar adjustments for the rest of management - VPs from $4Million to $750K, plant managers from $500K to $200K.

 

Regressives want the current trend to accellerate by eliminating the minimum wage, overtime pay and retirement contributions.

 

Progressives think the ones making the profits should get to share in the profits.

Report Inappropriate Content
2
Kudos
231
Views
Valued Social Butterfly
3
Kudos
254
Views

Re: Wage Growth Falls Under Trump Tax Scam!

254 Views
Message 2 of 5

@smca wrote:

No matter how you slice it, wage-growth for the average American was better under Obama than under Trump.  Note below for Obama years of 2015 & 2016 vs Trump's 2017 & on. Screenshot (64).png

 

 

In fact, under the usual calculations (gray line) there's been NO GROWTH since Trump took office.  Of course, Trump & company blamed it all on math methodology.  However they then found that the Obama years were still better no matter which calculation is used (red & blue lines).  Read the details here:  https://www.nytimes.com/2018/09/05/business/wage-growth-white-house.html

 

What WAS found, no surprise, is a big increase in corporate buybacks after the tax scam.


Thank you. 

 

All this has real implications throughout the economy.  The Republican tax "reduction" was never any more than a raid on the pockets of uppper-middle to lower-middle income groups in the United States.  A full-blown 're-distrubtion of wealth'.  In the end this shows up as a loss of purchasing power by people who are obliged to purchase in order to live.  That makes them captive sheep standing outside the corral, waiting to be shorn whenever their time comes. 

 

The well-being of all lower income sectors, most especially those on 'fixed incomes' ,whatever the funding source, ends up severely damaged not improved.  What they have buys less and their standard of living goes down.  

 

Republicans uniformly say they oppose such a thing, but then pursue policies that do  detrimental things to all except the upper echelon income sector.  Ill informed and ill equipped 'Dupes' within their ranks  are either unable or unwilling to see the truth right before their eyes.  Party faithful that 'know not what they do'.  It's all happened before.

 

The beneficiaries of Republican policies are primarily the top 10%. Have been since Teddy Roosevelt left office.  Smoke and mirrors disguise the economic bath the rest of the economy takes.  This is not just a result of a president doing what he does....never was.  Not here.  'The donald' has help from fellow conspirators. Those complicit folk are mostly keeping their mouths shut for now, waiting for the outrage over corruption to pass...as it always does.  They have the resources to 'ride out the storm' and that is what they'll do.

 

No Republican controlled government has done differently since Teddy Roosevelt's tenure in the White House. Republicans put POTUS #45 in office by exploiting people they knew full well were woefully lacking in political sophistication.  To their everlasting shame.  That Democrats "do it tooooooOOOOOOOO!" is totally irrelevant. 

 

United States Citizens include a wide variety of political persuasions, but they are all Citizens.  And they are all abused when power is misused. One wrong is not excused by another's wrong.  IF it's wrong, it's wrong. If you did it, you did it.  Nobody else is relevant.  

 

'The donald' and his coalition are now a Frankenstein's Monster that Republicans lack both the will and the ability to control.  'Corruption' is rampant throughout all of politics....most notably in the Republican Party.  There is an opportunity to correct some of this in November.  Take it.  What is important this time around is to remove the corrupt in power from power.  That currently is Republicans.  IF they are not, now is the time to make themselves know.  Anyone who 'goes along to get along' is an enabler, culpable for every offense against the people by those he/she enables.  That's a truth. 

Report Inappropriate Content
3
Kudos
254
Views
Treasured Social Butterfly
2
Kudos
258
Views

Re: Wage Growth Falls Under Trump Tax Scam!

258 Views
Message 3 of 5

dow jones wages.png

Wages vs Stock Market

 

dow jones 10 years.jpg

 

 

 

Report Inappropriate Content
2
Kudos
258
Views
Valued Social Butterfly
4
Kudos
278
Views

Re: Wage Growth Falls Under Trump Tax Scam!

278 Views
Message 4 of 5

@smca wrote:

No matter how you slice it, wage-growth for the average American was better under Obama than under Trump.  Note below for Obama years of 2015 & 2016 vs Trump's 2017 & on. Screenshot (64).png

 

 

In fact, under the usual calculations (gray line) there's been NO GROWTH since Trump took office.  Of course, Trump & company blamed it all on math methodology.  However they then found that the Obama years were still better no matter which calculation is used (red & blue lines).  Read the details here:  https://www.nytimes.com/2018/09/05/business/wage-growth-white-house.html

 

What WAS found, no surprise, is a big increase in corporate buybacks after the tax scam.


Getting Trumpettes to ignore that last bit was an amazing bit of mind control by the GOPerLords.

 

First off, there's the indisputable fact lil' donny's scam redistributed $120Billion each year FROM the maintenance of our civilization and gave it TO the Corporate Oligarchs to use as they pleased.

 

GOPers think the got a raise BECAUSE of the Oligarchs' huge windfall, but the fact is they got a pittance IN SPITE OF the windfall. What workers got was a tiny part of the increased profits THEIR increased productivity had created because the Oligarchs ALREADY spent $248Billion buying back stock to increase the value of their holdings and reduce stockholder influence over their actions.

 

So if you got a raise or (much more likely) a one-time bonus, it could NOT have come from the Trump Taxscam because your boss already spent TWICE that amount in stock buybacks.

 

YOUR raise came because you produced more profits and worked longer hours WITHOUT it being recognized before. The Trump Scam just made the profits your boss was dividing so insanely greater, s/he was momentarily overcome by guilt at the thought of NOT sharing just a little with the workers. But don't get excited about your future prospects - that will never happen again.

Report Inappropriate Content
4
Kudos
278
Views
Frequent Social Butterfly
5
Kudos
299
Views
4
Replies

Wage Growth Falls Under Trump Tax Scam!

299 Views
Message 5 of 5

No matter how you slice it, wage-growth for the average American was better under Obama than under Trump.  Note below for Obama years of 2015 & 2016 vs Trump's 2017 & on. Screenshot (64).png

 

 

In fact, under the usual calculations (gray line) there's been NO GROWTH since Trump took office.  Of course, Trump & company blamed it all on math methodology.  However they then found that the Obama years were still better no matter which calculation is used (red & blue lines).  Read the details here:  https://www.nytimes.com/2018/09/05/business/wage-growth-white-house.html

 

What WAS found, no surprise, is a big increase in corporate buybacks after the tax scam.

Report Inappropriate Content
5
Kudos
299
Views
4
Replies