Wisconsinites still not getting anywhere under Trump and Walker.
It’s been nine months since the tax bill was signed into law, and the rapid surge in investment promised by proponents of the TCJA has still yet to materialize.
In short, that $4,000 raise promised by Donald Trump and Paul Ryan hasn’t materialized. The administration has been reduced to claiming that workers don’t know their own pay and would see benefits from the tax cut if they just knew how to calculate their salary correctly, but EPI researchers have explained why this is wrong.[1][2]
The reality is that instead of investing in the U.S. economy through wage hikes and new good-paying jobs, corporations are instead rewarding CEOs and wealthy shareholders with their windfall tax breaks. But instead of prioritizing policies that actually raise the wages of working people, the House of Representatives plans on voting this week on a second round of tax breaks that mostly benefit those at the top.
Short story; Paul Ryan oddly screwed over homeowner’s “wealth,” measured by the value of their home, by changing home equity lines of credit. Before, families could buy things like a car or help pay for their kid’s tuition and get an interest deduction, but not anymore. Republican took it away, leaving the deduction for home improvements only. Why Republicans did this, who knows?
The state and nation have yet to pull out of a decades-long trend of wage stagnation…
The Center on Wisconsin Strategy at the University of Wisconsin-Madison (issued the) State of Working Wisconsin 2018 report. Laura Dresser, the center’s associate director (said) … In 1979 the median worker in Wisconsin earned $17.30 an hour, adjusted for inflation to 2017 dollars. As of 2017, the median worker in the state earned about $18.30 an hour.
“We’ve seen productivity and gross domestic product grow substantially over that period. The average return to the worker is about 3 cents an hour per year over that period to get that dollar more now. That’s long-term wage stagnation. We’ve been seeing it even in this low-unemployment time, and that’s a really troubling sign.”
The state’s economy as a whole is “treading water” over the long term (for the last 7 years), and 2018′s measures represent a mere return to 2000 levels … rather than a new age of prosperity … analysts have stressed that the state’s economic gains are leaving behind people of color and rural residents, and that Wisconsinites are persistently stuck in low-wage jobs.
1. Wisconsin’s African-American unemployment rate is 9 percent … the worst in the nation.
2. And that rural counties are among those with the highest unemployment … losing jobs and urban areas grow them.
3. Previous reports even found wages declining for some groups, including African-American men …
4. 675,000 Wisconsin workers are earning $12 or less per hour.“That’s one in five workers,” she said. “I think sometimes people feel like, ‘I worked in a low-wage job once.’ But when you see that one in five workers is in a job paying $12 an hour or less, you know that those workers have a fraction of the health-care benefits through their employment, and pension, and even sick leave is hard to get at below $12 an hour. It’s just a different reality for many, many workers.”
A former liberal radio talk host who likes to ask the “follow-up question” at Democurmudgeon.blogspot.com
Source: https://democurmudgeon.blogspot.com/2018/09/wisconsinites-still-not-getting.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
the author of the above drivel is a hopeless anti trump moron! he only ever provides HEARSAY OF HEARSAY, nothing tangible, factual, personal firsthand, or irrefutable!