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Further evidence that the tax cuts have not led to widespread bonuses, wage or compensation growth

Ten Thousan Marbles

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Feb 6, 2014
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https://www.epi.org/blog/further-ev...despread-bonuses-wage-or-compensation-growth/

Newly released Bureau of Labor Statistics’ Employer Costs for Employee Compensation data allow us to examine nonproduction bonuses in the first two quarters of 2018 to assess the trends in bonuses in absolute dollars and as a share of compensation. The bottom line is that there has been very little increase in private sector compensation or W-2 wages since the end of 2017. The $0.03 per hour (inflation-adjusted) bump in bonuses between the fourth quarter of 2018 and the second quarter of 2018 is very small and not necessarily attributable to the tax cuts rather than employer efforts to recruit workers in a continued low unemployment environment.
 
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