Aug 29 2018
Soaring Living Costs Outweigh Wage Gains
Most American workers are still waiting on the $4,000 pay hike they were promised from the Republican tax bill. Eight months since the tax cuts were enacted, wage growth for the average worker remains minimal, while the cost of living continues to grow and eat into family pocketbooks. In fact, recent data from the Bureau of Labor Statistics shows that after accounting for inflation, wages for most Americans have actually fallen for the third month in a row.