Low-income earners are struggling:
The 3-month average of the bottom 33% of Americans' after-tax YoY wage growth dropped to 0.9% in August, the slowest pace since 2016.
This is a significant decline from the +3.0% seen at the beginning of the year.
At the same time, the top third saw +3.6% YoY growth, the highest since November 2021.
In other words, top earnersβ wages are growing 4 TIMES faster than those of low-income consumers.
By comparison, middle-income earnersβ salaries rose +2.2% last month.
The wealth gap is growing.
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The 3-month average of the bottom 33% of Americans' after-tax YoY wage growth dropped to 0.9% in August, the slowest pace since 2016.
This is a significant decline from the +3.0% seen at the beginning of the year.
At the same time, the top third saw +3.6% YoY growth, the highest since November 2021.
In other words, top earnersβ wages are growing 4 TIMES faster than those of low-income consumers.
By comparison, middle-income earnersβ salaries rose +2.2% last month.
The wealth gap is growing.
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NOW - Trump signs "Gold Card" executive order, expediting H-1B visas for a fee up to $2,000,000 and imposing a $100,000 annual sponsorship fee for regular applicants
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Hugh Grant: "It's been very, very depressing watching Big Tech kidnap their lives, and to see children really finding it very, very difficult to get properly interested in anything that isn't a screen."
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POTUS: "I think BrendanCarrFCC is an incredible American patriot with courage... I think Brendan Carr doesn't like to see the airwaves be used illegally and incorrectly..."
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This mother is proud because she told her kid to skip the Pledge of Allegiance at school
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WTF?! Some leftist reporter is SCREAMING OVER Trump while heβs attempting to speak.
βYou are REALLY obnoxious. QUIET! Iβm not talking to you...β
These people have NO BUSINESS in the Oval Office. Put them on the sidewalk!
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βYou are REALLY obnoxious. QUIET! Iβm not talking to you...β
These people have NO BUSINESS in the Oval Office. Put them on the sidewalk!
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POTUS absolutely wrecks Fake News jonkarl: "You're not a wonderful person. Frankly, you're a terrible reporter. You know it and so do I."
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In addition to the sponsorship fee imposed (which seems fully within Trumps authority under the cited statutes)
Heβs directing the DOL to set a new threshold for minimum wage required H1Bs within 12 months consistent with the same costs in the order at minimum
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Heβs directing the DOL to set a new threshold for minimum wage required H1Bs within 12 months consistent with the same costs in the order at minimum
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