By Jon Dougherty
(TNS) Remember all the predictions of economic doom and gloom made by the usual Left-wing suspects after President Donald Trump and congressional Republicans passed the tax reform package of 2017?
None of the doom and gloom happened, of course. The president and Republicans are the proud owners of one of the most explosive, expansive economic booms our country has ever experienced.
But another Left-wing lie — that the tax reform bill would only help the “top 25 percent” of “wealthy earners” was also massive doo-doo, as proven again this week with new economic numbers showing strong wage growth among the lowest-paid American workers.
As USA Features News reported this week:
The bottom 25 percent of wage earners in the United States have seen their pay rise more than it has in a decade under President Donald Trump, according to a new study by the Federal Reserve of Atlanta.
The wages of the lower-most quarter grew by 4.5 percent in November from a year earlier, according to the Fed, while wages for the top 25 percent increased by 2.9 percent over the same period…
Remember, just a year ago House Speaker Nancy Pelosi claimed that the Trump/GOP economic policies were designed to “hurt families,” not, like, you know, raise their wages the most in a decade.
Shortly after the Republican Congress passed, and POTUS Donald Trump signed, tax reform legislation a year ago, giving Americans and U.S. companies back more of their earnings, she called $1,000- and $1,500 bonuses “crumbs” that were essentially meaningless to average Americans.
She and fellow Democrats, aided by their pals in the establishment media, talked down the benefits of those tax cuts so much that for a time, a majority of Americans actually believed they weren’t going to see any of the benefits.
Remember this guy?
#Pelosi is terrified that Americans are working again, of course. The entire #Democrat strategy is based on welfare, illegal immigration, and taxing those who work and create. Misery and poverty are the recruiting engine of the Democratic Party. https://t.co/zOmzGJlZAY
— James Woods (@RealJamesWoods) June 2, 2018
Well, in reality, all of America is doing better — workers at every pay level.
The “rally” isn’t just benefitting the “top 25%.”
“Pay for the bottom 25% of wage earners rose 4.5% from a year earlier” as of November.
The acceleration dates back to early 2018. Coincidence? https://t.co/n4LAgWwHsw
— Kelly Evans (@KellyCNBC) December 28, 2019
Wages for rank-and-file workers are rising at the quickest pace in more than a decade, even faster than for bosses, a sign that the labor market has tightened sufficiently to convey bigger increases to lower-paid employees.
Gains for those workers have accelerated much of this year, a time when the unemployment rate fell to a half-century low. A short supply of workers, increased poaching and minimum-wage increases have helped those nearer to the bottom of the pay scale.
Pay for the bottom 25% of wage earners rose 4.5% in November from a year earlier, according to the Federal Reserve Bank of Atlanta. Wages for the top 25% of earners rose 2.9%.
Similarly, the Atlanta Fed found wages for low-skilled workers have accelerated since early 2018, and last month matched the pace of high-skill workers for the first time since 2010.
Okay, so politics being what they are, you still have to wonder about any politician who talks down an economy that is producing this kind of universal, widespread growth, right? Because what’s the alternative?
And oh, by the way, wage growth for the lowest-paid American workers used to be something Democrats supported, talked about often, and championed.
But when it comes during a period of Republican leadership — especially if the president is named Donald Trump — suddenly it’s a bad thing.
Democrats truly are the Garbage Party.
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