The Federal Reserve, which next meets on June 12-13, has been confounded by the lack of wage growth and will be closely watching the May number in order to weigh options for inflationary measures. The Fed noted this week that “wage increases remained modest in most Districts,” but it still likely to approve an increase in its benchmark interest rate at the June meeting of its Federal Open Market Committee.
With inflation added, there is no increase in wages, and price increases across the board eat up any alleged benefits received from Trump tax breaks.
There is no wage increase because the 1 percent steal all of the profits generated by workers who end up working for slave wages, no benefits and without any labor representatives such as unions.
The end result is a the largest theft of money and transfer of wealth in history, from the 99 percent, to the 1 percent.