Since the tax cuts of 2017, wage growth for the poorest 25% of workers has reached post-recession highs of 4.4%. In the most recent data from the Federal Reserve Bank of Atlanta, the highest-income workers' wages are growing at a more modest rate, more than a percentage point lower than those of low-wage workers.
For Americans who want a job, they are readily available.
June's employment numbers were particularly good for African Americans, with the rate dropping to 6%, nearing the historic 2018 low of 5.9%. Women, Hispanics, and workers without a college degree are seeing similar trends.
As we are seeing today, when Washington takes even a small step back, businesses thrive, and the prosperity is shared with working Americans.
New spending priorities from the progressive left would leave lower-income Americans sending more than half of their earnings to the government to pay for expanded one-size-fits-all programs.
President Donald Trump's tariffs-which are taxes on American consumers and businesses-are also hampering our potential.
Americans who paid those higher prices had less to spend on, and save for, other priorities.
https://www.dailysignal.com/2019/07/10/how-a-record-breaking-economy-is-helping-those-who-need-it-most/
For Americans who want a job, they are readily available.
June's employment numbers were particularly good for African Americans, with the rate dropping to 6%, nearing the historic 2018 low of 5.9%. Women, Hispanics, and workers without a college degree are seeing similar trends.
As we are seeing today, when Washington takes even a small step back, businesses thrive, and the prosperity is shared with working Americans.
New spending priorities from the progressive left would leave lower-income Americans sending more than half of their earnings to the government to pay for expanded one-size-fits-all programs.
President Donald Trump's tariffs-which are taxes on American consumers and businesses-are also hampering our potential.
Americans who paid those higher prices had less to spend on, and save for, other priorities.
https://www.dailysignal.com/2019/07/10/how-a-record-breaking-economy-is-helping-those-who-need-it-most/
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