Walmart to raise wages and give bonuses, citing GOP tax cuts

ㅤ”Walmart announced Thursday it plans to raise starting wages and give a one-time bonus to employees, citing the tax reform bill passed by Republicans and signed into law by President Trump last month.”

ㅤô¿ô …RIght on.

Full story at The Washington Examiner, image from wordpress.com (jobs, labor force, middle class, middle income, tax cuts, tax rates, tax reform, taxes, wages, workforce, working class, walmart) – 1/11/18.

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US Bancorp Rewards Its Minimum-Wage Workers, Thanks to GOP Tax Reform Package

ㅤ”The company will give nearly 60,000 employees a $1,000 bonus, and hourly employees will see their wages increase to a minimum of $15 an hour. A contribution of $150 million will also be given to the U.S. Bank Foundation.”

Full story at The Independent Journal Review, image from wpsdlocal6.com. (jobs, labor force, middle class, middle income, minimum-wage, tax cuts, tax rates, tax reform, taxes, workforce, working class, u.s. bancorp) 1/2/18ㅤHome

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Rep Bustos: Dems Will ‘Perpetually Be in the Minority’ If They Continue Identity Politics, ‘Ignore’ the Economy


ㅤPictured: Rep. Cheri Bustos (D-IL)

Full story at Breitbart, image from house(.gov) • democratic party, democratic socialists, democrats, identity politics, jobs, labor force, middle class, middle income, progressives, socialists, workforce, working class, cheri bustos, bustos • 12/29/17ㅤHome

Winning: American Unemployment Claims Stay at Record 17-Year Low

ㅤ”The American economy reached its 147th straight week that unemployment claims dipped below 300,000, which marks the longest unemployment streak since 1970.”

Full story at Breitbart, image from breitbart(.com) • economy, gdp, gross domestic product, jobs, labor force, middle class, middle income, workforce, working class, unemployment • 12/28/17 ㅤHome

Making Christmas Merry Again: Retail Sales Boom 4.9 Percent

ㅤ”Shoppers were out in force this year, pushing retail sales up at their fastest pace since 2011, according to Mastercard SpendingPulse.
ㅤSales rose 4.9 percent from November 1 through Christmas Eve, handily beating the 3.7 percent gain of last year. Online retail sales rose 18.1 percent.
ㅤ’Overall, this year was a big win for retail,’ Mastercard’s Sarah Quinlan told the Wall Street Journal.
ㅤThe rising sales figures reflect near record high consumer confidence and a strong jobs market. Consumer confidence hit its highest level in 17 years in November. Unemployment fell to a 17 year low in October.”

ㅤô¿ô …Anyone paying attention had predicted this would happen.

Full story at Breitbart, image from youtube(.com) • economy, gdp, gross domestic product, jobs, labor force, middle class, middle income, workforce, working class, christmas, retail sales, consumer confidence ㅤ Home

2018: What’s Next for Obamacare

ㅤ”The Tax Cuts and Jobs Act repealed the Affordable Care Act’s individual mandate. Obamacare mandated that Americans who forgo health insurance would have to pay $695 or 2.5 percent of their income, whichever is larger. The Internal Revenue Service (IRS) found that 80 percent of those who pay the Obamacare mandate fine make less than $50,000 a year, making the mandate’s repeal a huge middle-class tax cut.”

Full story at Breitbart, image from breitbart(.com) • aca, jobs, labor force, middle class, middle income, obamacare, tax cuts, tax rates, tax reform, taxes, workforce, working class, mandate, medicaid ㅤ Home

Manufacturing Boom: Philly Fed Index Unexpectedly Jumps on Accelerating Factory Momentum

ㅤ”Manufacturing growth is accelerating into the end of the year, defying expectations that recent growth would slow, according to data from the Philadelphia Federal Reserve.
ㅤThe Philly Fed’s Manufacturing Business Outlook Survey soared up to a reading of 26.2 in December, up from 22.7. Economists had been expecting a slight downtick to 21.8.”

Full story at Breitbart, image from breitbart(.com) • jobs, labor force, middle class, middle income, workforce, working class, manufacturing ㅤ Home

TAX CUT WIN: AT&T Announces $1 Billion in Capital Spending and $1000 Bonuses for More Than 200,000 U.S. Employees

ㅤ”‘Congress, working closely with the President, took a monumental step to bring taxes paid by U.S. businesses in line with the rest of the industrialized world,’ said AT&T chief Randall Stephenson. ‘This tax reform will drive economic growth and create good-paying jobs.'”

Full story at Breitbart, image from breitbart(.com) • jobs, labor force, middle class, middle income, tax cuts, tax rates, tax reform, taxes, workforce, working class, at&t ㅤ Home

Sarah Sanders Calls Obama Taking Credit for the Economy Laughable, Brings Along Facts to Prove It

ㅤô¿ô …The working class has not seen a significant increase in pay for decades. The President’s policies will make the increases significant. However, it’s uncertain whether or not inflation will rise and negate the effects of the pay increases.

Full story at The Independent Journal Review, image from ijr(.com) • jobs, labor force, middle class, middle income, sanders, sarah huckabee sanders, sarah sanders, trump administration, white house, workforce, working class ㅤ Home

Rural poverty skyrockets as jobs move away

ㅤ”The lack of jobs in rural America threatens to create a new generation of chronic poverty, Thiede said. In 1980, 70 percent of rural Americans living in poverty were working, albeit in low-wage jobs. Today, less than half of the rural poor are working. That has contributed to a host of other societal problems, including the rising opioid epidemic and lower life expectancy for those living outside of cities.”

Full story at The Hill, image from thehill(.com) • jobs, labor force, middle class, middle income, workforce, working class, rural americans, poverty ㅤ Home

Steve Bannon to Headline Fundraiser for Black, Minority Entrepreneurs

ㅤ”Steve’s knowledge of the black community is incredible,’ Raynard Jackson, founder and chairman of Black Americans for a Better Future, told Breitbart News. ‘If you were Stevie Wonder, being blind, and you could sit and talk with Steve and didn’t know his color, you would swear he’s from the black community because of his understanding of the dynamic, the business and community dynamic.’ Jackson recalled how the ‘first words out of Bannon’s mouth about the black business community was, ‘Your biggest issue is access to capital. That’s it. That’s the foundation of the issue.'”

Full story at Breitbart, image from breitbart(.com) • bannon, economic nationalism, jobs, labor force, middle class, middle income, populist movement, steve bannon, workforce, working class, babf, deplorables, populism ㅤ Home

137 Economists Sign Open Letter Endorsing GOP Tax Plan

ㅤ”‘Economic growth will accelerate if the Tax Cuts and Jobs Act passes, leading to more jobs, higher wages, and a better standard of living for the American people. If, however, the bill fails, the United States risks continued economic underperformance,’ the letter reads.”

Full story at The Daily Caller, image from form9465(.com) • jobs, labor force, middle class, middle income, tax cuts, tax rates, tax reform, taxes, workforce, working class

Chuck Schumer opposes gas tax hike

ㅤô¿ô …No sane person claiming to represent lower-income or middle-income Americans would be in favor of raising taxes on gasoline.

Full story at The Washington Examiner, image from washingtonexaminer(.com) • chuck schumer, infrastructure, jobs, labor force, middle class, middle income, schumer, workforce, working class, gas tax

Report: Foreign Nationals Outnumber Americans in High-Paying, White-Collar Silicon Valley Jobs

ㅤ”Foreign nationals now outnumber Americans in high-paying, high-skilled, white-collar jobs in Silicon Valley, California – the hub of the United States tech industry.
ㅤSilicon Valley Leadership Group President Carl Guardino touted the statistic in a report, revealing that 57 out of every 100 jobs in Silicon Valley that require at least a bachelor’s degree are taken by a foreign-born resident.
ㅤFor example, the H-1B visa, which brings more than 100,000 foreign workers to the U.S. every year, has been used quietly by tech giants like Microsoft, Google, and Facebook to import a cheaper, foreign workforce, as Breitbart News reported. The H-1B visa allows for Americans to be displaced from their white-collar jobs, and sometimes they are even forced to train their foreign replacements as a stipulation of their severance.
ㅤEvery year, more than 1.5 million illegal and legal immigrants are admitted to the U.S., with the current foreign-born population booming to an unprecedented high of roughly 44 million individuals. Mass immigration to the U.S. has been at the expense of American workers in the working and middle-class who have been forced to compete with foreign labor while their wages have remained stagnant.”

Full story at Breitbart, image from breitbart(.com) • illegal aliens, illegal immigrants, immigration, immigration reform, jobs, labor force, middle class, middle income, workforce, working class

Unions applaud White House on apprenticeship push


ㅤPictured: Labor Secretary Alexander Acosta

ㅤ”Trump has included several construction union leaders in a task force on apprenticeships, including United Brotherhood of Carpenters and Joiners of America President Douglas McCarron, North America’s Building Trades Unions President Sean McGarvey, and International Association of Sheet Metal, Air, Rail and Transportation Workers President Joseph Sellers.”

Full story at The Washington Examiner, image from washingtonexaminer(.com) • donald trump, jobs, labor force, middle class, middle income, potus, president, workforce, working class, alexander acosta, apprenticeship, conservative, politics

Hayward: China’s Xi Says ‘Economic Globalism’ Is ‘Irreversible Historical Trend’


ㅤPictured: Chinese President Xi Jinping

ㅤô¿ô …Ridiculous and a hope killer for middle-income American’s. Jinping is exploiting the ignorant who have little knowledge of world economic history.
ㅤChina is “opening up” because it’s currently in China’s best interest to open up. They easily might reverse their official trade policy in less than a year.
ㅤBut it is currently NOT in the best interest of middle-income Americans for the USA to remain “opened up,” especially to China. That may change in the future as well.
ㅤThe fact that CNBC is praising Jinping shows how ignorance and bias abounds in the mainstream media. You probably won’t hear the WSJ praising Jinping for his line of crap.

Full story at Breitbart, image from breitbart(.com) • china, fake news, jobs, labor force, mainstream media, middle class, middle income, msm, trade deficit, workforce, working class, xi jinping, conservative, politics

Domestic Workers’ Salaries’ Surge As Migrant Labour Declines in Brexit Britain

ㅤ”The REC buried the positive findings beneath a litany of complaints about growth slowing down as a result of business being deprived of the vast labour pool they have enjoyed under the EU’s Free Movement regime — before a reluctant admission that: ‘For jobseekers, this is good news, as employers are willing to pay higher starting wages to attract the right candidates.”

ㅤô¿ô …Because middle-income Americans have not seen a significant increase in pay for over a decade, economic nationalism should provide them a degree of hope.

Full story at Breitbart, image from twitter(.com) • brexit, britain, economic nationalism, jobs, labor force, middle class, middle income, populist movement, uk, workforce, working class, conservative, politics

Budget chief: Trump won’t sign GOP tax plan ‘if our numbers show’ middle class will pay more


ㅤPictured: White House budget chief Mick Mulvaney

ㅤô¿ô …A debate exists because many people who consider themselves middle class have high salaries, which according to analysis, disqualify them from actually being part of today’s middle class.

Full story at The Hill, image from thehill(.com) • jobs, labor force, middle class, middle income, tax cuts, tax rates, tax reform, taxes, workforce, working class, conservative, politics