Real wages fell in 2018

[someoneyouknow]

As difficult as it is to believe because the con artist has told us otherwise, real wages, the money you earn and can spend after accounting for inflation, fell last year by 1.3 percent.

The dip in real wages also is notable as it came during a year when corporations got generous breaks thanks to the Tax Cuts and Jobs Act. Instead of providing higher wages, however, many companies used the money to repurchase shares, which reached a record $1 trillion last year.​

The worst hit sector was manufacturing whose wages fell by 2.4 percent. This was only outdone by the transportation sector whose wages fell 3.9 percent.

The manufacturing and transportation sectors may be feeling the impact of the Trump administration's trade war with China. Fewer imports would mean less demand for transportation to haul those goods across the country, for instance.

"We cannot underscore the impact that these trade policies have had," [Katie] Bardaro said.​

Oddly, real wages fared better on the coasts, where those liberal elites reside whereas real wages fell in the middle of the country, where the uneducated supporters of the con artist reside. Coincidence?

Meanwhile, both the deficit and debt continue to rise despite the implementation of trickle down economics. It's almost as if this has been done before with the same results yet people keep trying the same thing over and over.

https://www.cbsnews.com/news/feeling-poorer-thats-because-real-wages-fell-last-year/