Msg. 44602 of 62138 (This msg. is a reply to
44573 by
capt_nemo)
Jump:
Let me see now . . .
Trump gave U.S. a tax cut - putting a little more money back
in the American workers pockets. And they tend to spend.
Since Trump got elected many more Americans have been seeing
pay raises than did under Obozo. Again, putting more money
into the American workers wallets.
PayScale's 2019 Compensation Best Practices Report states that few companies report planning a significant pay raise for most of their workforce, with nearly 70% of survey respondents projecting base pay increases of 3% or less.
The Bureau of Labor Statistics (BLS) issues an Employment Cost Index that measures the year-over-year increase in wages and salaries. The BLS October 2018 report indicated that wages and salaries increased by 2.9% for the 12-month period ending in September 2018. Wages for private industry workers increased by 3.1% and for government workers increased by 2.5%.
These figures include all types of raises and don’t imply that every worker had their pay increase by 3.1% in the private sector. Organizations with compensation systems tilted towards merit-based pay increases will show a greater variation in pay increases by the employee.
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