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Americans Are Making Less Money Despite Trump’s Promises

Toluse Olorunnipa and Sho Chandra
29 Aug, 2018
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President Donald Trump heads into a midterm referendum on his presidency showing no real progress on a core promise: to raise the wages of America’s “forgotten man and woman.”

Once the impact of inflation is included, ordinary Americans’ hourly earnings are lower than they were a year ago.

Real wages have remained mostly stagnant despite an expanding economy, record stock prices, soaring corporate profits and a giant deficit-fueled stimulus from Trump’s tax cuts that took effect Jan. 1. The Trump administration claimed its policies would immediately boost wages, with its tax overhaul ultimately increasing average pay by $4,000 to $9,000.

That hasn’t happened.

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